Artvin Joint Venture

AIM: KEFI 15 July 2010

                               KEFI Minerals Plc                               

                      ("KEFI Minerals" or the "Company")                       

                         ARTVIN JOINT VENTURE, TURKEY                          

KEFI Minerals, an AIM-quoted gold and copper exploration company with projects
in Turkey and the Kingdom of Saudi Arabia, announces that Centerra Gold Inc.
("Centerra") has advised the Company of its intention to withdraw from the
Artvin Joint Venture.

The Artvin Joint Venture was formed in 2008 and Centerra was earning into the
joint venture by funding drilling programmes and other exploration expenditure
since that time.

Full ownership of the Artvin Project will revert to KEFI Minerals.

The Artvin Project is located in the Eastern Pontide Belt in northeastern
Turkey and comprises 15 tenements, which cover approximately 254km2.

KEFI Minerals' Managing Director, Jeff Rayner, commented that:

"The joint venture with Centerra enabled KEFI Minerals to continue exploring
Artvin in a manner that reduced the cost and risk for our shareholders.

The relationship with Centerra is currently focused on the Bakir Tepe joint
venture and seeking other joint venture exploration opportunities in Turkey.

We are continuing to develop our understanding and evaluate the potential of
the Artvin Project prior to committing to another drilling programme."

Enquiries

KEFI Minerals         Fox-Davies Capital WH Ireland         Bishopsgate        
                                                            Communications     
                                                                               
Jeffrey Rayner        Oliver Stansfield  Katy Mitchell      Nick Rome          
                                                            Michael Kinirons   
                                                                               
[phone]     [phone]    [phone]   [phone]   
                                                                               
www.kefi-minerals.com                                                          

About KEFI Minerals

KEFI Minerals commenced trading on AIM in December 2006 and was formed with the
aim of creating shareholder value through the discovery and exploitation of
gold and copper deposits.

In Turkey, KEFI Minerals currently has the following exploration projects:

 1. At Derinin Tepe in the Western Anatolia Region, low-sulphidation epithermal
    quartz veins have been identified with gold and silver mineralisation.
   
 2. At Artvin, in northeastern Turkey, extensive hydrothermal alteration and
    gold and base metal mineralisation have been recognised in the project
    area, as well as historical workings indicating potential for economic
    mineralisation.
   
 3. Bakir Tepe, in southwestern Turkey, is prospective for VHMS polymetallic
    deposits. High-grade gold and copper crop out on the peripheries of a
    shallowly buried geophysical chargeability anomaly. Bakir Tepe is a joint
    venture managed by KEFI Minerals and funded by Centerra Gold Inc.
   
 4. At Gumushane in eastern Turkey, areas of extensive hydrothermal alteration
    have been recognised in the project area, as well as coincident areas of
    interest identified through interpretation of Aster data.
   
 5. Hasancelebi, in central Turkey, is prospective for high-sulphidation
    epithermal gold mineralisation and Iron-Oxide Copper-Gold ("IOCG")
    mineralisation.
   
 6. Muratdag, in the Western Anatolia Region, is prospective for Carlin-style
    epithermal gold mineralisation.
   
In the Kingdom of Saudi Arabia, KEFI Minerals has a minerals exploration joint
venture with leading Saudi construction and investment group Abdul Rahman Saad
Al-Rashid & Sons Company Limited ("ARTAR"). KEFI Minerals is the operating
partner with a 40% interest and the joint venture's primary target is the
discovery and development of a >1 million ounce gold deposit in the
under-explored Precambrian Shield in Saudi Arabia.

KEFI Minerals' Board of Directors is comprised of Mr. Harry Anagnostaras-Adams
(Chairman), Mr. Jeffrey Rayner (Managing Director), Professor Ian Plimer
(Deputy Chairman) and John Leach (Finance Director).

Further information on KEFI Minerals is available at www.kefi-minerals.com and
the Company's AIM code is "KEFI".

                                    -Ends-