Issue of Equity

Kefi Minerals plc
27 September 2007


                               KEFI Minerals plc
                                (the 'Company')

                                Issue of equity


The Company announces that it has raised, in aggregate, £192,000 via a placing
conducted by WH Ireland Limited ('WH Ireland') and Loeb Aron & Company Ltd. 
('Loeb Aron') of 6,000,000 new ordinary shares of 1p each in the Company 
('Ordinary Shares') at 3.2p per share ('Placing Shares'). Application has been
made for the Placing Shares to be admitted to trading on AIM and dealings are
expected to commence on 3 October 2007. Following the issue of the Placing
Shares, the Company has a total of 108,833,334 Ordinary Shares in issue.


In addition, the Company has issued, in aggregate, 300,000 warrants to WH
Ireland and Loeb Aron, in lieu of adviser fees, to subscribe for Ordinary Shares
at 4p per share, exercisable at any time during the 3 years commencing 1 October
2007.


For further information please contact


David Youngman, WH Ireland Ltd.           Tel:  [phone]

Jeffrey Rayner, KEFI Minerals plc         Tel:  [phone]


                      This information is provided by RNS
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