Issue of Equity

Kefi Minerals plc
25 April 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 250,000 ordinary shares of 1p each in the share capital of the
Company ('New Ordinary Shares') to Omer Celenk in lieu of part payment of salary
for professional services. The shares were issued at a price of 3.5 p per share
(being the mid-market price for the 30 days prior to issue).

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 1 May 2007.

The total number of issued ordinary shares in the Company, including the New
Ordinary Shares, is now 100,583,334. 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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