September Drilling Update

Kefi Minerals plc
04 September 2007



AIM: KEFI
                               4TH September 2007



                               KEFI Minerals Plc

                       ('KEFI Minerals' or the 'Company')



        DRILLING INTERCEPTS GOLD MINERALISATION AT DERININ TEPE PROSPECT

KEFI Minerals is pleased to announce encouraging results from the initial
drilling programme at the Company's 100%-owned Derinin Tepe Prospect in
Balikesir province, western Turkey.

Highlights

•  Gold-silver mineralisation intercepted in six of nine holes drilled.
•  Drillhole KDTD04 intercepted 3.6m at 3.35 g/t gold and 90 g/t silver from 38m 
   downhole and 1m at 3.27 g/t Au and 327 g/t Ag from 44m down hole.
•  Drillholes KDTD 1 to 3 intersected backfill of ancient workings of up to 3-4m 
   true widths. These workings were intersected at greater than expected depths, 
   providing evidence of shoots of high-grade gold mineralisation in the 
   epithermal quartz veins at Derinin Tepe.
•  Previous assays from channel-chip sampling and grab sampling undertaken by 
   KEFI Minerals had returned up to 152g/t gold and 1,320g/t silver.

Surface exploration undertaken by KEFI Minerals had identified gold-silver
mineralisation in low-sulphidation epithermal quartz veins with cumulative
strike lengths of over 2km and widths of up to 8m at surface. Extensive ancient
workings were exposed in recent trenching, revealing 100-200m strike lengths of
underground workings in the West, Central and East veins. Previous assays from
channel-chip sampling and grab sampling undertaken by KEFI Minerals had returned
up to 152g/t gold and 1,320g/t silver from these outcropping veins. Assays have
now been received from a diamond drilling program comprising nine holes
totalling 606m, which was designed to intersect the prospective quartz veins at
a depth of 40m to 50m below surface. The first three drillholes (KDTD01-03) all
intersected significant widths of 3-4m of mineralised backfill associated with
ancient workings at the expected position of the epithermal quartz veins at
depth. It is interpreted that the ancient miners backfilled the stopes to create
greater stability for deeper underground mining. Some of the backfill is
comprised of lower grade waste material as was intersected in KDTD01 where a
backfilled zone contains 3.1m at 2.1g/t gold and 118g/t silver. 

Given that the ancient mining techniques required high gold grades in quartz
veins for economic extraction, the significant lateral and vertical extent of
the ancient workings attests to the potential of the epithermal quartz veins at
Derinin Tepe to host shoots of high-grade gold mineralisation. 

The remaining drillholes all intersected epithermal quartz veins and associated
quartz-vein stockwork zones. Drillhole KDTD04 returned the best intercept of the
program with 3.6m at 3.35g/t gold and 90g/t silver from 38m downhole and 1m at
3.27 g/t gold and 327 g/t silver. Other intercepts included 1.7m at 2.0g/t gold
and 72g/t silver in KDTD05. KEFI Minerals' Managing Director, Jeffery Rayner,
commented: 

'While Derinin Tepe was mined near surface in antiquity, this is the first time
the area has been tested by modern drilling and exploration techniques. The
association of gold and silver with epithermal quartz veins over significant
distances provides encouragement that further exploration of Derinin Tepe is
warranted. 'It appears that the ancient miners were able to follow high-grade
shoots to greater depths than we anticipated which provides encouragement that
further drilling may find other high-grade shoots along strike or at depth.
Another drilling program that will include deeper holes is now being planned.'

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

Technical Summary
The table below summarises the assay results from this initial drilling programme at Derinin Tepe.
Hole Number     From          To            Down Hole Interval (m) Gold            Silver

                (m)           (m)                                  (g/t)           (g/t)
KDTD01          44.50         45.50         1.00                   2.47            229
                45.50         46.60         1.10                   0.23            <0.50
                46.60         47.60         1.00                   3.74            137
KDTD02          64.40         65.15         0.55                   4.33            16.1
KDTD03          16.00         17.00         1.00                   1.92            120
                58.40         58.95         0.55                   3.47            54.7
KDTD04          35.95         37.10         1.15                   1.01            8.7
                37.10         38.00         0.90                   0.01            1.7
                38.00         39.00         1.00                   4.29            86
                39.00         39.70         0.70                   4.63            29.8
                39.70         40.60         0.90                   1.75            13.1
                40.60         41.60         1.00                   2.97            205
                44.00         45.00         1.00                   3.27            327
KDTD05          42.00         43.00         1.00                   2.61            89.5
                43.00         43.70         0.70                   1.04            46.7
KDTD06                                                             No significant results
KDTD07                                                             No significant results
KDTD08                                                             No significant results
KDTD09          29.30         30.30         1.00                   1.96            3.10

Note: No top cut has been applied to gold/silver assay results. Intersections are based on a 1.00g/t gold cut-off grade 
with maximum internal waste of 1.0m. Weighted averages have been calculated for core recovery and gold/silver grades.
Some of the above intercepts for KDTD01-03 are from sampling apparent backfill of ancient workings. The extent of the 
ancient backfill intercepted in these drillholes is interpreted to be:
•   KDTD01- 5.7m from 41.9m to 47.6m downhole
•   KDTD02 - 5.7m from 53.3m to 59.0m; and  5m from 61.0m to 66.0m downhole; and
•   KDTD03 - 4.4m from 46.1m to 50.5m downhole.

These interpreted backfill zones comprise black soil with quartz-vein and
silicified limestone fragments in the expected position of the epithermal quartz
veins.

The table below details the positioning and orientation of the drillholes.

Hole Number     Easting         Northing        Altitude        Hole Depth       Azimuth (UTM)    Dip
                (ED50)          (ED50)                          (m)
                                                (m)


KDTD01          626100          4360679         1,178           57.25            47.9             -62.0
KDTD02          626057          4360702         1,167           71.50            49.2             -56.9
KDTD03          626027          4360745         1,154           75.00            51.0             -61.4
KDTD04          626439          4360410         1,189           59.20            26.3             -59.4
KDTD05          626663          4360422         1,236           56.60            28.5             -55.1
KDTD06          626633          4360484         1,227           57.00            54.1             -65.7
KDTD07          626608          4360500         1,240           85.00            221.6            -45.7
KDTD08          626163          4360620         1,182           60.00            42.9             -55.3
KDTD09          626711          4360358         1,202           84.80            44.8             -64.6

Sampling and Assaying Procedures

Core recovery averaged 95% throughout the mineralised zone. Drill core samples
of nominal 1.0m length were collected in accordance with accepted industry
standards and procedures. The diamond drill core (HQ size 63.5 mm) was halved
with a diamond blade saw and with chain of custody being observed for all
samples. Sample preparation for all drill core samples was carried out at the
ALS Chemex sample preparation facility in Izmir, Turkey. Analysis for gold by
50g Fire Assay was completed at the ALS Chemex laboratory in Alba, Romania.
Analysis for base metal and indicator elements by ICP was completed at the ALS
Chemex laboratory in Vancouver, Canada. Routine re-assaying of all samples
assaying greater than 10g/t gold and 100g/t silver was also completed by ALS
Chemex. The Company performed routine QA/QC analysis on the assay results
through the use of certified reference materials, field duplicates, and blank
samples in addition to the monitoring of internal laboratory check-analyses. The
Company maintains an on-site core storage facility with an archive of half core
samples. All core was photographed prior to cutting for future reference.









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 six exploration projects:

 1. At Derinin Tepe in the Western Anatolia Region, epithermal quartz veins have
    been identified with gold and silver mineralisation.
 2. At Artvin in northeastern Turkey, areas of extensive hydrothermal alteration
    have been recognised in the project area, and there is evidence of
    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. At Karalar, in Central Anatolia, highly anomalous gold in stream sediments
    have been identified in an area of historic base metal mines.
 5. Muratdag, in Western Anatolia, is prospective for Carlin-style epithermal
    gold mineralisation.
 6. Meyvali, in Western Anatolia, is prospective for epithermal and skarn related
    mineralisation.

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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