Grant of Share Options

14 September 2012

                               KEFI Minerals plc                               

                            Grant of share options                             

KEFI Minerals plc ("KEFI Minerals" or the "Company") is pleased to announce
that, in accordance with the Company's incentive share option scheme, it has
allocated to directors of the Company ("Directors") and members of management
options to subscribe for an aggregate of 15.5 million ordinary shares.

The incentive share options expire six years from the date of grant and have an
exercise price of four pence per share, representing a 10% premium over the
weighted average share price on AIM over the five trading days prior to the
date of grant.

The options granted to the Directors have been allocated to the as per the
table below.

Name               Position         Number of        Total           Total     
                                    incentive     beneficial      beneficial   
                                      share     holding (shares holding as % of
                                     options      & options)       Company's   
                                      issued    following this   fully-diluted 
                                                 notification    issued share  
                                      (`000)                        capital    
                                                    (`000)                     
                                                                               
Harry              Chairman               3,000          10,967           2.13%
Anagnostaras-Adams                                                             
                                                                               
Ian Plimer         Non-executive          2,500           7,750           1.51%
                   Director                                                    
                                                                               
Jeff Rayner        Managing               5,000          14,533           2.82%
                   Director                                                    
                                                                               
John Leach         Finance                1,500           4,500            .87%
                   Director                                                    
                                                                               
                   Total                 12,000                                

In addition to the options granted to the Directors, options over a further 3.5
million ordinary shares have been granted to a Senior Management of the
Company.

The Company now has an aggregate of 45.7 million options and warrants on issue
of which 41.3 million have been granted to the Directors and members of
management. These incentive options represent 8 % of fully-diluted shares on
issue and 8.8% of ordinary shares on issue.

KEFI Minerals Chairman Harry Anagnostaras-Adams said,

"The incentive share option program is an integral part of the Company's
programme for attracting and retaining the highest quality of personnel -
especially important during the early, formative years of organisation's
development."

Enquiries

KEFI Minerals plc                       [phone]                      
Jeffrey Rayner                                                                 
                                                                               
Fox-Davies Capital                      [phone]                       
Simon Leathers                                                                 
                                                                               
Bishopsgate Communications              [phone]                       
Nick Rome                                                                      

Further information on KEFI Minerals is available at www.kefi-minerals.com and
the Company's AIM code is "KEFI".

                                                                    20071678 v1


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KEFI Minerals plc

DoÄŸu Akdeniz Mineralleri

San. Tic. Ltd. Åžti.

Cemal Gürsel Cad.

Yalı Apt. No:304

K:4 D:9 Karşıyaka İZMİR

Tel: [phone]

Fax: [phone]

Email: [e-mail]