Placing to raise £550,000

5 July 2013

                              KEFI Minerals Plc.                               

                      ("KEFI Minerals" or the "Company")                       

                           Placing to raise £550,000                           

KEFI Minerals Plc, an AIM-quoted gold and copper exploration company with
projects in the Kingdom of Saudi Arabia, is pleased to announce that it has
conditionally raised £550,000 by way of a placing of 26,190,476 ordinary shares
(the "Placing Shares") at a price of 2.1p per ordinary share (the "Placing").

Use of proceeds

The funds raised in the Placing will be used to complete the pre-feasibility
study on Jibal Qutman which KEFI has already started. The Company's joint
venture company, Gold & Minerals Co. LLC, aims to complete the pre-feasibility
study and lodge an application for its first Mining Licence by early Q1 2014.

Jeff Rayner, the Managing Director of KEFI Minerals, said:

"I am very pleased that, despite the difficult market conditions, we have been
able to raise the funding required to allow us to continue to accelerate our
pre-feasibility study in line with our planned timetable. KEFI Minerals is now
fully funded for the previously announced work programme and feasibility study
at Jibal Qutman."

Related Party Transaction

EMED Mining Public Limited ("EMED") has subscribed for 2,380,952 Placing Shares
in the Placing. As EMED holds over 10% of the Company's current issued ordinary
share capital, this transaction is a "related party" transaction pursuant to
the AIM Rules for Companies. The directors of KEFI Minerals (except Harry
Anagnostaras-Adams and John Leach who are directors of EMED Mining) consider,
having consulted with its Nominated Adviser Fox-Davies Capital Limited, that
the terms of the proposed transaction are fair and reasonable insofar as its
shareholders are concerned.

Warrants

In connection with the Placing the Company has granted, conditional on
Admission, warrants to Fox-Davies Capital Limited to subscribe for up to
1,309,523 ordinary shares in the Company at 2.1p per share, representing five
per cent of the total number of Placing Shares. Such warrants will be
exercisable for five years following admission of the Placing Shares.

Admission and DTR

Completion of the Placing is conditional on the Placing Shares being admitted
to trading on AIM ("Admission"). Application has been made to the London Stock
Exchange plc for Admission which is expected to become effective on 10 July
2013.

Following Admission, KEFI Minerals will have 497,536,832 ordinary shares in
issue and this is the figure which should be used 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.

                                   --ENDS--                                    

For further information please contact:

KEFI Minerals plc.                      [phone]                      
Jeffrey Rayner                                                                 
                                                                               
Fox-Davies Capital                      [phone]                       
Susan Walker                                                                   
                                                                               
Bishopsgate Communications              [phone]                       
Nick Rome