The 32 centimetre limestone statue of Ankhesamon, sister of the famous boy king and daughter of pharaoh Akhenaten, who ruled around 1,500 BC, was stolen on August 14.
"The piece is one of the most important in the museum," said antiquities minister Mohamed Ibrahim in a statement.
Authorities have recovered 800 of the 1,050 artefacts stolen from the museum in southern Egypt during nationwide riots on August 14 after police clashed with Islamists in Cairo, he added.
The minister also said that a statue dating back over 2,500 years that was stolen from the Cairo museum during the 2011 revolt against Hosni Mubarak was found in Belgium.
The statues that dates to the 26th dynasty, more than 500 years BC, and made from earthenware was stolen on January 28, 2011 when looting and violence erupted in Cairo's iconic Tahrir Square, the epicentre of the anti-Mubarak revolt.
The piece was smuggled to Belgium where a French expert analysed it and contacted Egypt authorities.
In November, it announced the recovery of 90 artefacts that had been put on sale by a Jerusalem auction house. Others pieces have been returned by Britain and Germany.
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