Centamin Egypt Limited-Results of Annual General Meeting of Shareholders

TORONTO, ONTARIO -- (Marketwire) -- 05/26/11 -- Centamin Egypt Limited ('Centamin' or 'the Company') (TSX: CEE)(LSE: CEY), is pleased to advise the outcomes of each resolution put to the Company's members at the Annual General Meeting held on Thursday, 26 May 2011, in the Bishopsgate & Chancery Rooms at The Andaz Hotel, Liverpool Street, London, United Kingdom at 11.30 am (London time) are set out below along with information required by section 251AA of the Corporations Act.

Ordinary Resolution 1.0 - Financial Statements and Reports

The Company's financial statements, the directors' report and the auditors' report for the financial period ended 31 December 2010, were tabled and considered.

Instructions in respect of proxy votes were as follows:

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For                       Against          Abstain   Proxy's Discretion
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608,663,075               435,766            7,250              664,986
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Ordinary Resolution 2.0 - Adoption of the Remuneration Report

This resolution was passed by shareholders present without amendment by
a show of hands. Instructions in respect of proxy votes were as
follows.

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For                       Against          Abstain   Proxy's Discretion
-----------------------------------------------------------------------
604,100,644             4,999,073        1,464,517              664,986
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Ordinary Resolution 3.1 - Election of Mr Mark Arnesen

This resolution was passed by shareholders present without amendment by
a show of hands. Instructions in respect of proxy votes were as
follows.

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For                       Against          Abstain   Proxy's Discretion
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610,634,509             1,113,382           18,000              664,986
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Ordinary Resolution 3.2 - Election of Mr Mark Bankes

This resolution was passed by shareholders present without amendment by
a show of hands. Instructions in respect of proxy votes were as
follows.

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For                       Against          Abstain   Proxy's Discretion
-----------------------------------------------------------------------
610,630,509             1,117,682           18,000              664,986
-----------------------------------------------------------------------

Ordinary Resolution 3.3 - Election of Mr Gordon Edward Haslam

This resolution was passed by shareholders present without amendment by
a show of hands. Instructions in respect of proxy votes were as
follows.

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For                       Against          Abstain   Proxy's Discretion
-----------------------------------------------------------------------
610,279,409             1,463,482           18,000              669,986
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Ordinary Resolution 3.4 - Retirement by Rotation and Re-Election of Mr
Trevor Schultz

This resolution was passed by shareholders present without amendment by
a show of hands. Instructions in respect of proxy votes were as
follows:

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For                       Against          Abstain   Proxy's Discretion
-----------------------------------------------------------------------
601,430,067            10,299,611           36,213              664,986
-----------------------------------------------------------------------

Ordinary Resolution 3.5 - Retirement and Re-Election of Mr Josef El-
Raghy

This resolution was passed by shareholders present without amendment by
a show of hands. Instructions in respect of proxy votes were as
follows:

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For                       Against          Abstain   Proxy's Discretion
-----------------------------------------------------------------------
595,204,135            13,875,006           28,950              664,986
-----------------------------------------------------------------------

Ordinary Resolution 3.6 - Retirement and Re-Election of Mr Harry
Michael

This resolution was passed by shareholders present without amendment by
a show of hands. Instructions in respect of proxy votes were as
follows:

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For                       Against          Abstain   Proxy's Discretion
-----------------------------------------------------------------------
598,798,912            12,932,162           34,817              664,986
-----------------------------------------------------------------------

Ordinary Resolution 3.7 - Retirement and Re-Election of Professor
Graeme Robert Bowker

This resolution was passed by shareholders present without amendment by
a show of hands. Instructions in respect of proxy votes were as
follows:

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For                       Against          Abstain   Proxy's Discretion
-----------------------------------------------------------------------
609,573,608             2,167,066           25,217              664,986
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Ordinary Resolution 4.1 - Re-Appointment of Deloitte Touch Tohmatsu as
the Company's Auditors

This resolution was passed by shareholders present without amendment by
a show of hands. Instructions in respect of proxy votes were as
follows:

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For                       Against          Abstain   Proxy's Discretion
-----------------------------------------------------------------------
600,980,487            10,738,754           56,350              664,986
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Ordinary Resolution 4.2 - Auditor's Remuneration

This resolution was passed by shareholders present without amendment by
a show of hands. Instructions in respect of proxy votes were as
follows:

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For                       Against          Abstain   Proxy's Discretion
-----------------------------------------------------------------------
602,210,850             9,500,186           50,155              667,386
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Special Resolution 5.0 - Disapplication of Pre-Emption Rights

This resolution was passed by shareholders present without amendment by
a show of hands. Instructions in respect of proxy votes were as
follows:

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For                       Against          Abstain   Proxy's Discretion
-----------------------------------------------------------------------
605,830,558             5,793,239          107,363              698,717
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Ordinary Resolution 6.0 - Approval of Increase in Total Amount of Non
Executive Directors' Fees

This resolution was passed by shareholders present without amendment by
a show of hands. Instructions in respect of proxy votes were as
follows:

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For                       Against          Abstain   Proxy's Discretion
-----------------------------------------------------------------------
601,972,913             6,507,914           61,951              697,467
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Yours sincerely,

Heidi Brown, Company Secretary

26 May 2011

ABN 86 007 700 352

Contacts:

Centamin Egypt Limited

Josef El-Raghy

Chairman

61 (8) 9316 2640 or 203 5411 259
www.centamin.com


Buchanan Communications Limited

Bobby Morse / Katharine Sutton

44 (0) 20 7466 5000