Equity Placing

15 June 2009

                               KEFI Minerals plc                               

                      ("KEFI Minerals" or the "Company')                       

                                   AIM: KEFI                                   

                            £450,000 Equity Placing                            
                                      And                                      
                                Commitments for                                
             additional £140,000, subject to shareholder approval              

KEFI Minerals, the AIM-quoted gold and copper exploration company, is pleased
to announce it has successfully placed 36,000,000 ordinary shares of 1p each
("Ordinary Shares") at a price of 1.25 pence per Ordinary Share (the "Placing
Price") (the "Placing Shares") to raise approximately £450,000 before expenses
(the "Placing"), subject only to receipt of the placing funds and admission of
the Placing Shares to trading on AIM.

The purpose of the Placing is to raise additional capital 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.

Summary

The Company has identified a number of external placees to subscribe for
36,000,000 Ordinary Shares at the Placing Price.

The total number of Ordinary Shares in issue following the issue of the Placing
Shares will be 224,079,580 Ordinary Shares.

Additional £140,000 Subject to Shareholder Approval

EMED Mining Public Limited ("EMED Mining") has informed the Company of its
intention to subscribe for a further £100,000 worth of Ordinary Shares at the
Placing Price; and Fox Davies Capital Limited has agreed to subscribe for £
40,000 worth of Ordinary Shares (the "Additional Placing Shares") at the
Placing Price conditional on the shareholder resolutions to be put at the
Company's AGM on 3 July 2009 to give the Directors authority to allot further
Ordinary Shares (the "Shareholder Resolutions") being passed.

The total number of Ordinary Shares in issue following the issue of the Placing
Shares and assuming the issue of the Additional Placing Shares will be
235,279,580 Ordinary Shares.

Assuming the issue of both the Placing Shares and the Additional Placing
Shares, EMED Mining will be interested in 67,332,914 Ordinary Shares, reducing
its percentage holding in the enlarged issued share capital of the Company from
31.6% to 28.6%.

Admission

Application will be made to admit the Placing Shares to trading on AIM ("
Admission") and dealings in the Placing Shares are expected to occur on 19 June
2009.

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.

A further announcement will be made after the Annual General Meeting of the
Company as to the admission of the Additional Placing Shares to trading on AIM.

Warrants

Fox-Davies Capital Limited ("Fox-Davies") is acting as broker and financial
adviser in connection with the Placing. It has been agreed between the Company
and Fox-Davies that, subject to the passing of the Shareholder Resolutions,
they will be issued with a warrant to subscribe for 1,800,000 Ordinary Shares
at the Placing Price, representing 5 percent of the total number of shares
equal in value to all equity funds raised by the Company pursuant to the
Placing. Such warrants will be exercisable for five years following Admission.

Speaking from his current exploration location in the desert east of Jeddah,
Managing Director Mr Jeff Rayner said "We are appreciative of the ongoing
capital markets support for our Company and are excited by the prospectivity in
the Kingdom of Saudi Arabia where we recently launched our new joint venture
with local conglomerate ARTAR. At the same time our field activities in Turkey
continue to focus on our role as operator of the exploration joint venture with
Centerra Gold of Canada".

Enquiries:

KEFI Minerals www.kefi-minerals.com

Jeffrey Rayner [phone]

Fox-Davies Capital

Oliver Stansfield [phone]

WH Ireland Limited

Katy Mitchell [phone]

Bishopsgate Communications

Nick Rome [phone]

Michael Kinirons

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.

 1. In Turkey, KEFI Minerals currently has nine exploration projects:
   
 2. At Derinin Tepe, in the Western Anatolia Region, low-sulphidation
    epithermal quartz veins have been identified with gold and silver
    mineralisation.
   
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. The
Company's Artvin Project is held in a joint venture operated by KEFI Minerals
and funded by Centerra Gold Inc.  Centerra has the right to earn up to 70%
interest in the property by spending USD$6 million over 5 years.

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

KEFI Minerals Plc has also formed a new minerals exploration joint venture -
Gemco Limited ("GEMCO") - 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 per cent shareholding of GEMCO with ARTAR
holding the other 60 per cent.

GEMCO's primary target will be the discovery and development of a 1 million
plus ounce gold deposit in the under explored Precambrian Shield in The Kingdom
of 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 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".