Exercise of Warrants

AIM: KEFI

                                                                18 October 2013

                               KEFI Minerals Plc                               

                      ("KEFI Minerals" or the "Company")                       

                             Exercise of Warrants                              

KEFI Minerals, the AIM-quoted gold and copper exploration and development
company with projects in the Kingdom of Saudi Arabia, announces that on 6
August 2013 it allotted 830,000 ordinary shares of 1 penny each ("Ordinary
Shares") following the exercise of warrants. The warrants all had an exercise
price of 1.25p per share. Application has been made for 830,000 Ordinary Shares
to be admitted to trading on AIM and admission is expected to occur on 23
October 2013.

For the purposes of the Disclosure and Transparency Rules, the Company's total
issued share capital, following admission of the Ordinary Shares referred to
above, will comprise 521,589,054 Ordinary Shares. The above figure may be used
by shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the Company under the Disclosure and Transparency Rules.


Enquiries:

KEFI Minerals plc
Jeffrey Rayner                               [phone]

Fox Davies Capital Limited
Simon Leathers                                [phone]

Bishopgate Communications
Nick Rome/Anna Michniewicz                    [phone]


Further information on KEFI Minerals is available at www.kefi-minerals.com