Exploration Update Jibal Qutman Licence

AIM: KEFI

                                                                 31st July 2012

                               KEFI Minerals Plc                               

                      ("KEFI Minerals" or the "Company")                       

                    Exploration Update Jibal Qutman Licence                    

KEFI Minerals, an AIM-listed gold and copper exploration company with projects
in the Kingdom of Saudi Arabia, is pleased to announce initial surface
exploration results from the Jibal Qutman Licence for the Company's 40%-owned
Gold & Minerals Joint Venture ("G&M"). Initial results included 3.2 m at 27.7 g
/t gold and 262 g/t silver.

KEFI Minerals is the operator of G&M in the Kingdom of Saudi Arabia, of which
60% is owned by partner Abdul Rahman Saad Al-Rashid & Sons Company Limited
("ARTAR"). To date, G&M has been granted four Exploration Licences and holds
another 19 Exploration Licence Applications ("ELAs").

The Jibal Qutman Licence is located in the central southern region of the
Arabian Shield and covers an area of 99.9km2. It is host to the prospective
Nabitah-Tathlith Fault Zone, a 300km-long fault structure with over 40 gold
occurences and ancient gold mines.

The Licence was granted in early July and field work carried out to date
includes surface mapping and trenching across quartz veins which contain
ancient workings for gold.

The prospect was previously mapped and drilled (three drill holes) by the
United States Geological Survey ("USGS") in the early 1980s. The current G&M
mapping and trenching programme has defined additional unmapped workings, new
parallel gold-bearing veins and extended the previously known strike of the
quartz vein sets at the Jibal Qutman prospect from 400m to 2.9km in length.

HIGHLIGHTS

Rock chip channel sampling results from the on-going trenching programme
confirms the high grade gold and silver contained in quartz veins. The veins
are generally 2-5m thick and best results from initial sampling of the unmined
portions of the trenches include the following:

  * 3.2 m at 27.7 g/t gold and 262 g/t silver
   
  * 4.0 m at 14.9 g/t gold and 84 g/t silver
   
  * 5.0 m at 10.9 g/t gold and 56 g/t silver
   
  * 4.2 m at 4.6 g/t gold and 35 g/t silver
   
  * 2.0 m at 7.2 g/t gold and 58 g/t silver and
   
  * 19.0 m at 1.9 g/t gold.
   
KEFI Minerals' Managing Director, Jeff Rayner, commented:

"These promising results from our initial work at the Jibal Qutman Licence
confirm the presence of high grade gold and silver over substantial widths and
strike lengths. Trenching continues to identify new veins for drill testing.
Whilst the surface work is still only in the first pass phase, sufficient
encouragement for drilling has been received and diamond drilling is scheduled
to commence this quarter.

"Meanwhile drilling is in progress at the Selib North prospect and the drill
rig at that site will also be mobilised to Jibal Qutman at the end of phase1
drilling at Selib North"

KEFI Minerals' Strategic Plan in the Kingdon of Saudi Arabia

Ä°n 2009 KEFI Minerals formed the Gold and Minerals Joint Venture ("G&M") in
Saudi Arabia with local Saudi partner Abdul Rahman Saad Al-Rashid & Sons
Company Limited ("ARTAR"), to explore for gold and associated metals in the
Arabian Shield. To date, the G&M has conducted preliminary reconnaisance and
lodged 23 Exploration Licence Applications (ELA's), of which 4 have been
granted.

The ELAs were initially applied for and granted to ARTAR. Incorporation of G&M
is now complete and granted Licences will be transferred into G&M in due
course.

The Kingdom of Saudi Arabia has instituted policies to encourage minerals
exploration and development and KEFI Minerals supports this priority by serving
as the technical partner within G&M. ARTAR also serves this Government policy
as the major partner in G&M, which is one of the early movers in the modern
resurgence of the Kingdom's minerals sector.

                                    -Ends-                                     

Enquiries

                                                                               

KEFI Minerals

Jeffrey Rayner [phone]

Fox-Davies Capital

Simon Leathers [phone]

Bishopsgate Communications

Nick Rome [phone]

References in this announcement to exploration results and potential have been
approved for release by Mr. Jeffrey Rayner. Mr Rayner is a geologist and has
more than 25 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.

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


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KEFI Minerals Plc

DoÄŸu Akdeniz Mineralleri

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