Equity Placing

22 January 2010

                               KEFI Minerals plc                               

                      ("KEFI Minerals" or the "Company')                       

                                   AIM: KEFI                                   

                KEFI Minerals Raises £150,000 in Equity Placing                

   Completion of January Financing Initiatives to Raise a Total of £665,000    

KEFI Minerals, the AIM-quoted gold and copper exploration company, is pleased
to announce it has successfully placed a further 9,375,000 ordinary shares of
1p each ("Ordinary Shares") at a price of 1.6 pence per Ordinary Share (the
"Placing Shares") to raise £150,000 before expenses (the "Placing"), subject to
receipt of the placing funds and admission of the Placing Shares to trading on
AIM.

This Placing, along with the funding announced on 8th January at the same price
per share, draws to a conclusion Kefi Mineral's current financing efforts and
leaves the Company in a solid financial position. All funds that have been
raised during this process will be used to fund on-going strategic initiatives
and further exploratory work on its highly prospective exploration areas in
Turkey and Saudi Arabia where KEFI Minerals is operator of exploration joint
ventures.

The total number of Ordinary Shares in issue following the issue of the Placing
Shares will be 279,729,259 Ordinary Shares.

Application will be made to admit the Placing Shares to trading on AIM
("Admission") and dealings in the Placing Shares are expected to commence on or
around 27 January 2010.

The Placing Shares will, when issued, rank pari passu in all respects with the
existing Ordinary Shares in issue including the right to receive dividends and
other distributions declared following their issue.

Jeff Rayner, Managing Director of KEFI Minerals, commented "We are pleased that 
KEFI Minerals has now fully completed its near-term funding objectives. These
funds will be used to advance our Turkish and Saudi Arabian targets which we
continue to explore in conjunction with our joint venture partners. We look
forward to updating all shareholders on our activities in due course."

Enquiries:

KEFI Minerals

Jeffrey Rayner [phone]

Fox-Davies Capital

Oliver Stansfield [phone]

WH Ireland Limited

Katy Mitchell [phone]

Bishopsgate Communications

Nick Rome [phone]

Michael Kinirons