Centamin PLC - Market update

PERTH, AUSTRALIA -- (Marketwire) -- 10/30/12 --


TSXV: IEA

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

                          Market update

Centamin notes media reports this morning that its Concession Agreement to extract gold from the Sukari mine has been annulled.

Comments reportedly made by an Egyptian administrative court this morning have given rise to speculation that parts of the Concession Agreement may have, in fact, been suspended. However at this time, no details of a final decision are availableand no written judgement has been given.

Centamin confirms that it is not a party to this case, repeats its view that the concession as law 222 of 1994 remains valid and that the court does not have jurisdiction to cancel it.

The Company will inform the market further as soon as more information is available. In the meantime normal mining operations continue.

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                 Gabriella Clinkard
Development and Investor Relations              + 44 (0) 20 7466 5000
(andy.davidson@centamin.co.uk)
+44 (0) 20 7569 1671

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

END

Contacts:
RNS
Customer
Services
0044-207797-4400
Email Contact
http://www.rns.com