Issue of Equity

Kefi Minerals plc
26 June 2007



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

                              Issue of New Shares


KEFI Minerals confirms that the directors of the Company have approved an
allotment of 2,250,000 ordinary shares of 1p each in the share capital of the
Company ('New Ordinary Shares') as follows:

•  1,000,000 have been allotted to Malcolm Stallman at a price of 3.5 p
   per share (being the mid-market price for 30 days prior to the date of
   allotment) in lieu of salary for professional services provided to KEFI 
   Minerals for the period  to 31 December 2007.

•  1,250,000 have been allotted to the PANT Partnership at a price of
   3.5p per share in accordance with the terms of the agreement made between (i)
   KEFI Minerals and (ii) the PANT Partnership pursuant to which KEFI Minerals
   acquired a proprietary geological database covering extensive parts of 
   Turkey.(3.5p is the mid market price for 5 days prior to allotment as per the
   agreement). This payment became due following the grant of the Muratdag 
   license in Turkey.

Application has been made for the New Ordinary Shares to be admitted to AIM and
dealings in the New Ordinary Shares is expected to commence on 2 July 2007.

The total number of issued ordinary shares in the Company, including the New
Ordinary Shares, is now 102,833,334. ordinary shares.




For further information contact:

David Youngman, W.H. Ireland Ltd.                    Tel:  [phone]
Jeffrey Rayner, KEFI Minerals plc                     Tel:  [phone]





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