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Centamin PLC: Market Update

PERTH, AUSTRALIA -- (Marketwire) -- 11/26/12 --

TSXV: IEA

For immediate release                                26 November 2012

                   Centamin plc ("Centamin" or "the Company")
                               (LSE:CEY, TSX:CEE)

                                 Market update

Centamin announces that the appeal against the 30th October
Administrative Court judgment is currently being filed through its
subsidiary Pharaoh Gold Mines ("PGM").

Operations and the Stage 4 expansion project at Sukari have continued
as normal since the Court judgment and are planned to continue to do so
whilst the appeal process is underway.

The Company took the decision to suspend gold exports pending the
lodgement of the appeal. As the appeal is now being lodged we are
preparing to resume exports. The Company manages its working capital
in country through gold sales and consequently a gold shipment is
required shortly to ensure that on-going working capital commitments
can be met.

For more information please contact:

Centamin plc                                        Buchanan
Josef El-Raghy, Chairman                            Bobby Morse
+44 207 569 1670                                    Cornelia Browne
Andy Davidson, Head of Business Development and     Gabriella Clinkard
Investor Relations                                  + 44 (0)20 7466 5000
([email protected])
+44 (0) 20 7569 1671

                    This information is provided by RNS
          The company news service from the London Stock Exchange

END

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