Exploration Licence Acquired

Kefi Minerals plc
05 March 2008



AIM: KEFI                                                        5th March 2008


                              KEFI Minerals Plc
                       ('KEFI Minerals' or the 'Company')

             ACQUISITION OF THE HASANCELEBI PROJECT, CENTRAL TURKEY


KEFI Minerals is pleased to announce the acquisition of the Hasancelebi Project
in central Turkey, which is located close to known high-sulphidation epithermal
gold occurrences and has potential for Iron-Oxide Copper-Gold ('IOCG')
mineralisation.  The Hasancelebi Project comprises a single Exploration Licence
totalling 20km2 located approximately 75km northwest of Malatya in central
Turkey.  The licence was identified via KEFI Minerals' tenement monitoring
system and subsequently acquired by an application for the vacant ground.

The Hasancelebi Project is in a similar geological setting to that which hosts
east-west zones of anomalous gold in tenements contiguous with the western
boundary of the KEFI Minerals' Hasancelebi Licence.  Gold mineralisation in the
adjacent tenement is known to be of high-sulphidation epithermal style.

Previous exploration in the region returned stream sediment assays with
anomalous gold in streams draining the Hasancelebi Project area. The upstream
source of this anomalous gold does not appear to have been investigated by
previous explorers.

Approximately 8km southwest of the KEFI Minerals' Hasancelebi Project is a
deposit containing 685 million tonnes at 19% Fe (MTA 1994 historical non-JORC
resource), plus minor copper and gold, which is considered to have affinities
with IOCG systems such as Olympic Dam in Australia. The known IOCG-type deposits
in Turkey are poorly understood and there is considerable potential for more
examples of this type of system to be discovered.

KEFI Minerals' Managing Director, Jeffery Rayner, commented:

'This acquisition is another example of our proprietary database enabling our
geologists to rapidly identify and acquire prospective tenements. Our unique
access to data collected by previous explorers provides valuable exploration
information. As a result, KEFI is able to exploit opportunities that may not
have been previously followed up or understood in light of current
mineralisation models.

'This head start on exploration should enable KEFI Minerals to evaluate the
Hasancelebi Project in a cost effective and timely manner.'



References in this announcement to exploration results and potential have been
approved for release by Mr Jeff Rayner, B.Sc. (Honours). Mr Rayner is a
geologist and has more than 20 years' relevant experience in the field of
activity concerned. He is a member of The Australian Institute of Mining and
Metallurgy (AUSIMM) and has consented to the inclusion of the material in the
form and context in which it appears.



Enquiries
KEFI Minerals             WH Ireland                  Bishopsgate Communications
Jeffrey Rayner            Laurie Beevers              Maxine Barnes
                          Katy Mitchell               Nick Rome
[phone]         [phone]            [phone]




www.kefi-minerals.com



Notes to Editors:

KEFI Minerals was formed on 24 October 2006 for the purposes of holding EMED
Mining's exploration interests in Turkey and Bulgaria with a view to creating
shareholder value through the discovery and exploitation of gold and copper
deposits.

In November 2006, KEFI Minerals completed the acquisition of EMED Mining's
Turkish and Bulgarian exploration interests through the acquisition of EMED
Mining's subsidiary Mediterranean Minerals (Bulgaria) EOOD. In addition, KEFI
Minerals acquired from EMED Mining a database of mining information relating to
Turkey.

KEFI Minerals commenced trading on AIM on 18 December 2006, following the
successful placing of 46,666,667 shares at 3p to raise £1.4 million.

In Turkey, KEFI Minerals has seven 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.

3.      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.

4.      Hasancelebi, in central Turkey, is prospective for high-sulphidation
epithermal gold mineralisation and Iron-Oxide Copper-Gold ('IOCG')
mineralisation.

5.      At Karalar, in Central Anatolia, highly anomalous gold in stream
sediments have been identified in an area of historic base metal mines.

6.      Muratdag, in the Western Anatolia Region, is prospective for
Carlin-style epithermal gold mineralisation.

7.      Meyvali, in the Western Anatolia Region, is prospective for epithermal
and skarn related mineralisation.

8.      At Yatiktas, in the Western Anatolia Region, low-sulphidation epithermal
quartz veins with gold and silver mineralisation have been identified.



KEFI Minerals also has an extensive exploration database which contains
information about approximately 100 further prospective sites in Turkey. This
database provides the Company with a competitive advantage to identify
prospective areas for project generation in Turkey. Monitoring of the
exploration licence status of geologically prospective areas will be carried out
on an ongoing basis so that KEFI Minerals can acquire further exploration
opportunities as soon as they become available.

EMED Mining has agreed to provide technical and administrative systems and
personnel to KEFI Minerals on a cost-recovery basis, thus enabling KEFI Minerals
to reduce overheads and spend more on exploring Turkey and Bulgaria.

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-


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