Issue of Equity

Kefi Minerals plc
30 April 2008





                               KEFI Minerals plc

                           ('KEFI' or the 'Company')



                                    PLACING



The Company is pleased to announce that, subject only to Admission, it has
raised £624,367 by way of a placing by WH Ireland Limited of 20,812,242 new
ordinary shares of 1p each ('Placing Shares') at 3p per share together with the
issue of 10,406,121 warrants to subscribe for new ordinary shares of 1p each at
5 pence per share ('Warrant') on the basis of one Warrant for every two Placing
Shares ('the Placing').



Each Warrant entitles each investor to subscribe for one new ordinary share at a
subscription price of 5 pence per share exercisable for a period of 2 years from
the date of Admission.



The purpose of this Placing is to progress the current work in progress at the
various sites controlled by the Company. This includes second and third phase,
deeper (100-200m vertical) drill testing at the Derinin Tepe project with a view
to resource definition drilling in due course. It also includes the completion
of geophysical IP surveys and reverse circulation drilling at the Yanikli
Prospect to define identified Porphyry Cu-Au targets. In addition, the Company
intends to map, channel chip sample, and soil sample current projects and
endeavour to advance one or two other projects to drill testing.





Application will be made for the Placing Shares to be admitted to trading on AIM
and dealings in the Placing Shares is expected to commence on 7 May 2008.
Following the issue of the Placing Shares the total number of shares in issue in
the Company will be 129,645,576 ordinary shares of 1p each.





No application is being made for the Warrants to be admitted to trading on AIM.





For further information contact:





Jeffrey Rayner, KEFI Minerals plc                Tel:  [phone]

David Youngman, W.H. Ireland Ltd.                Tel:  [phone]

Nick Rome, Bishopsgate Communications            Tel:  [phone]




                      This information is provided by RNS
            The company news service from the London Stock Exchange