Commencement of Drilling at Artvin Project

AIM: KEFI 13th November 2008

                               KEFI Minerals Plc                               

                      ("KEFI Minerals" or the "Company")                       

              Commencement of Drilling at Artvin Project, Turkey               

KEFI Minerals Plc, the AIM-quoted gold and copper exploration company, is
pleased to announce that it has commenced a diamond drilling programme to test
for porphyry copper-gold mineralisation at the Artvin Project located in the
Eastern Pontide Belt in northeastern Turkey. The Eastern Pontide Belt is a
major metallogenic province in the eastern Black Sea coastal region and is
prospective for volcanic-hosted massive sulphide (VHMS) deposits, porphyry
copper-gold deposits and epithermal gold-silver mineralisation.

The drilling programme will comprise four HQ diamond drillholes at the Yanikli
Prospect for a total of approximately 1,600m, testing strong gold-base metals
soil and rock chip anomalies and recently defined induced polarisation (IP)
chargeability-resistivity anomalies.

The first drill hole (AYDD001) commenced on 1 November 2008 and is targeting
beneath the surface intercept of a channel chip sampling programme that
returned 44m at 0.5g/t gold (including 1m at 8.20g/t gold, 1m at 1.38g/t gold
and 1m at 1.04g/t gold), 45m at 0.12% lead, and 36m at 0.18% zinc within
quartz-sericite-pyrite altered felsic volcanics with vein-style and
disseminated gold-base metals mineralisation.

The drilling programme is expected to take approximately eight to ten weeks.

KEFI Minerals' Managing Director, Jeff Rayner, commented:

"The commencement of diamond drilling at Yanikli represents another important
milestone in our continued growth as an exploration and resource development
company. This drilling programme represents the culmination of months of
detailed fieldwork by KEFI personnel and is an exciting opportunity to test
what could be a major copper-gold porphyry system".

The Artvin Project is subject to a Joint Venture Agreement with Centerra Gold
(KB) Inc, a wholly-owned subsidiary of Centerra Gold Inc., a Canadian-based
gold mining and exploration company which is listed on the Toronto Stock
Exchange. The Artvin Project comprises 15 tenements, which cover approximately
254km2.

Enquiries

KEFI Minerals                WH Ireland           Bishopsgate Communications   
                                                                               
Jeffrey Rayner               Laurie Beevers       Maxine Barnes                
                                                                               
                             [phone]     Nick Rome                    
                                                                               
                             Katy Mitchell                                     
                                                                               
[phone]            [phone]     [phone]             
                                                                               
www.kefi-minerals.com                                                          

Authorised Person Statement

References in this announcement to exploration results and potential have been
approved for release by Mr Malcolm Stallman, B.App.Sc. Mr Stallman is a
geologist and has more than 20 years' relevant experience in the field of
activity concerned. He is a Member of the Australasian Institute of Mining and
Metallurgy (AusIMM) and has consented to the inclusion of the material in the
form and context in which it appears.

About KEFI Minerals

KEFI Minerals was formed on 24 October 2006 for the purposes of holding EMED
Mining's exploration interests in Turkey and Bulgaria with a view to creating
shareholder value through the discovery and exploitation of gold and copper
deposits. KEFI Minerals commenced trading on AIM on 18 December 2006, following
the successful placing of 46,666,667 shares at 3p to raise £1.4 million.

In Turkey, KEFI Minerals currently has nine 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 VMS polymetallic
deposits.

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. At Karalar, in Central Anatolia, highly anomalous gold in stream sediments
have been identified in an area of historic base metal mines.

7. Muratdag, in the Western Anatolia Region, is prospective for Carlin-style
epithermal gold mineralisation.

8. Meyvali, in the Western Anatolia Region, is prospective for epithermal and
skarn related mineralisation.

9. At Yatik, in the Western Anatolia Region, low-sulphidation epithermal quartz
veins with gold and silver mineralisation have been identified.

KEFI Minerals also has an extensive exploration database which contains
information about approximately 100 further prospective sites in Turkey. This
database provides the Company with a competitive advantage to identify
prospective areas for project generation in Turkey. Monitoring of the
exploration licence status of geologically prospective areas will be carried
out on an ongoing basis so that KEFI Minerals can acquire further exploration
opportunities as soon as they become available.

EMED Mining has agreed to provide technical and administrative systems and
personnel to KEFI Minerals on a cost-recovery basis, thus enabling KEFI
Minerals to reduce overheads and spend more on exploring Turkey. 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".