Commencement of Drilling at Artvin Project

AIM: KEFI                                                     5th November 2009

                               KEFI Minerals Plc                               

                      ("KEFI Minerals" or the "Company")                       

              COMMENCEMENT OF DRILLING AT ARTVIN PROJECT, TURKEY               

KEFI Minerals, the AIM-quoted gold and copper exploration company with projects
in Turkey and the Kingdom of Saudi Arabia, is pleased to announce that a
drilling programme has commenced at the Artvin Project that is aimed at a very
large geophysical anomaly that can be caused either by a porphyry copper-gold
deposit, or a volcanic-hosted massive sulphide ("VHMS") deposit.

The Artvin Project is a joint venture with Centerra Gold, who is currently
funding exploration in order to earn up to 70% of the Artvin Project upon
expenditure of US$6 million. KEFI Minerals is the manager of the joint venture.

The 1,200m drilling programme is planned to comprise four diamond drillholes at
the Yanikli Prospect. The target is a strong induced polarisation ("IP")
chargeability anomaly with partly coincident anomalous levels of gold and base
metals identified on surface. Previous diamond drilling by KEFI Minerals in
late 2008, on the eastern margin of the chargeability anomaly, intersected gold
and base-metals mineralisation, including 2m at 20.9g/t gold, 14m at 1.0g/t
gold, 64m at 0.35% zinc and 44m at 0.57% zinc.

The Artvin Project is located in the Artvin Province of northeastern Turkey and
comprises 15 tenements, which cover approximately 254km2 within the eastern
portion of the Eastern Pontide Belt. The Eastern Pontide Belt is a major
metallogenic province in the eastern Black Sea coastal region and is
prospective for VHMS deposits, porphyry copper-gold deposits and epithermal
gold-silver mineralisation.

KEFI Minerals' Managing Director, Jeff Rayner, commented:

"Late last year, we received very encouraging results from the initial diamond
drilling programme at Yanikli. The results of which suggest it could be a
high-grade VHMS base-metals deposit or peripheral to a porphyry copper deposit.
This prospect has all the characteristics of a significant mineralised system.

"We look forward to receiving the assay results from this follow-up programme
after drilling is competed in December 2009."

Enquiries

KEFI Minerals                WH Ireland            Bishopsgate Communications  
Jeffrey Rayner               Katy Mitchell         Nick Rome               
                                                   Michael Kinirons                 
[phone]            [phone]      [phone]            
                                                                               
Fox-DaviesCapital                                                              
Oliver Stansfield  +44 207                                                     
936 5220                                                                       
                                                                               
www.kefi-minerals.com                                                          

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 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. Artvin is a joint venture operated by KEFI Minerals and
    funded by Centerra Gold Inc, who has the right to earn up to 70% interest
    in the property by spending USD$6 million.
   
 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.
   
 4. At Yatik, in the Western Anatolia Region, low-sulphidation epithermal
    quartz veins with gold and silver mineralisation have been identified.
   
 5. 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.
   
 6. Hasancelebi, in central Turkey, is prospective for high-sulphidation
    epithermal gold mineralisation and Iron-Oxide Copper-Gold ("IOCG")
    mineralisation.
   
 7. 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.

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 exploration.

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-