CEE Centamin Plc

Centamin plc ("Centamin" or "the Company") (TSX:CEE)(LSE:CEY) is pleased to
announce its preliminary production results from its Sukari Gold Mine ("Sukari")
in Egypt for the quarter ended 30 September 2012.


Total gold production for the quarter was 60,922 ounces, a 20% increase on the
corresponding quarter in 2011 but a 10% decrease on Q2 2012. Quarterly
throughput at the Sukari process plant was 1,004kt, a 5% increase on the
corresponding quarter in 2011 but a 21% decrease on Q2 2012. Plant availability
and productivity was impacted by a scheduled SAG mill reline in September and
the illegal strike ("the strike") in July. 


The open pit delivered total material movement of 6,970kt, up 6% on Q2 2012 and
continuing to ramp-up in line with the mine plan. The underground mine delivered
93.4kt, down 19% on Q2 2012 due to the impact of the strike and also a temporary
reduction in mining contractor equipment availability, which restricted remote
bogging (load-haul-dump) capacity and access to the high grade stopes. With
higher material movements from the open pit, the run of mine ore stockpile
balance increased by 83kt to 580kt by the end of the quarter. 


With the continuing ramp-up of open pit material movement and with measures
taken to redress the underground productivity issues, we expect production in
excess of 70,000 ounces in the final quarter, bringing total expected production
for the year in line with guidance of 250,000 ounces.




---------------------------------------------------------------------------
                                 Q3 2012 (estimate)     Q2 2012     Q3 2011
---------------------------------------------------------------------------
Total Material Movement - Open                                             
 Pit (kt)                                     6,970       6,579       5,747
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Process Plant Throughput (kt)                 1,004       1,269         964
---------------------------------------------------------------------------
Process Plant Productivity (tph)                624         652         516
---------------------------------------------------------------------------
Underground Ore Production (kt)                93.4         116          58
---------------------------------------------------------------------------
Gold Produced (oz)                           60,922      67,422      50,539
---------------------------------------------------------------------------



Josef El-Raghy, Chairman of Centamin, commented: 

"The team at Sukari once again delivered a strong set of operating results which
are particularly pleasing given the several cumulative issues that were faced
and addressed during the quarter. Open pit tonnages continued to increase
according to plan and the operation as a whole entered the fourth quarter well
placed to meet our unchanged full year production guidance of 250,000 ounces."


Notice of Results 

Centamin will announce its full Q3 Results at 7am (UK time) on 14th November
2012 via the Regulatory News Service of the London Stock Exchange and via
Marketwire on the Toronto Stock Exchange. On the same day a webcast and
conference call with the Centamin management team will be held at 9am (UK time)
and a second call will be held at 2pm (UK time) for North American analysts and
investors Q&A. Details of the webcast and conference call numbers will be
announced at the time of the Q3 results.

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