Results of drilling at Bakir Tepe Project

AIM: KEFI 30 April 2010

                               KEFI Minerals Plc                               

                      ("KEFI Minerals" or the "Company")                       

               RESULTS OF DRILLING AT BAKIR TEPE PROJECT, TURKEY               

KEFI Minerals, an AIM-quoted gold and copper exploration company with projects
in Turkey and the Kingdom of Saudi Arabia, announces the results from the
diamond drilling programme undertaken recently at the Bakir Tepe Project in
southwest Turkey. The programme was designed to test for Cyprus-style
volcanic-hosted massive sulphide ("VHMS") deposits at Bakir Tepe.
Unfortunately, drilling did not intercept encouraging grades of mineralisation.

The drill programme was funded by joint-venture partner Centerra Gold, which
has the right to earn a 51% interest in the project upon contributing
US$750,000 to the joint venture. KEFI Minerals is the manager of the joint
venture.

The drillholes primarily targeted an induced polarisation ("IP") chargeability
anomaly located in a stratigraphic position classical for hosting conductive
VHMS ore deposits, which is also interpreted to be located down-dip of
mineralisation identified at surface. Rock chip sampling returned assays up to
3.6% copper, 4.6g/t gold, and 67g/t silver. Geological mapping identified
possible pillow basalts beneath a sequence of haematitic, cherty mudstones and
radiolarian cherts. The potential position for a VHMS deposit is interpreted to
be at the interface between the pillow basalt unit and the overlying sediments,
and/or within the upper levels of the pillow basalt unit itself.

A total of four diamond holes (KBTD01-04) were completed for an aggregate of
1,078m of core. Drillhole KBT01, drilled in the central part of the main IP
anomaly, was stopped short before intersecting the interpreted centre of the IP
anomaly at 161m due to adverse ground conditions. The remaining holes were
drilled east and south of hole KBT01. The drilling intersected a sequence of
sheared and brecciated, weakly serpentinised, basaltic flows with generally
narrow intercalations of haematitic mudstone and rare blocks of silicified
limestone. The volcano-sedimentary sequence is cut by dolerite dykes. No
significant alteration or sulphide mineralisation was encountered. The
analytical results from the core samples submitted for assay have failed to
return significant levels of gold, silver or base metal anomalism. The maximum
copper assay was 0.3m at 1,565ppm copper from 173m.

The western half of the 800m long IP anomaly remains untested by drilling and
the drill results are being reviewed to plan future work at Bakir Tepe.

KEFI Minerals' Managing Director Jeff Rayner commented:

"KEFI Minerals and Centerra geologists are visiting Bakir Tepe soon with the
aim of reviewing the strategy for Bakir Tepe and other projects of mutual
interest in Turkey.

"Our team is also prioritising and planning field programmes on the 2,000km2 of
licences under application in Saudi Arabia."

Enquiries

KEFI Minerals          Fox-Davies        WH Ireland         Bishopsgate        
                       Capital                              Communications     
                                                                               
Jeffrey Rayner         Oliver Stansfield Katy Mitchell      Nick Rome          
                                                                               
[phone]      [phone]  [phone]   [phone]   
                                                                               
www.kefi-minerals.com                                                          

References in this announcement to exploration results and potential have been
approved for release by Mr Malcolm Stallman, B.App.Sc. Mr Stallman is a
geologist and has more than 20 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.

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.

In Turkey, KEFI Minerals currently has the following exploration projects:

 1. At Derinin Tepe in the Western Anatolia Region, low-sulphidation epithermal
    quartz veins have been identified with gold and silver mineralisation.
   
 2. 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. Artvin is a joint venture operated by KEFI Minerals and
    funded by Centerra Gold Inc, who has the right to earn up to 70% interest
    in the property by spending US$6 million.
   
 3. Bakir Tepe, in southwestern Turkey, is prospective for VHMS polymetallic
    deposits. High-grade gold and copper crop out on the peripheries of a
    shallowly buried geophysical chargeability anomaly.
   
 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.
   
In the Kingdom of Saudi Arabia, KEFI Minerals has a minerals exploration joint
venture 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% interest and the joint venture's primary target is the
discovery and development of a >1 million ounce gold deposit in the
under-explored Precambrian Shield in Saudi Arabia.

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".

                                    -Ends-