Completion of First Drilling Programme at Artvi...

AIM: KEFI                                                      22 January 2009

                               KEFI Minerals Plc                               

                      ("KEFI Minerals" or the "Company")                       

       Completion of First Drilling Programme at Artvin Project, Turkey        

KEFI Minerals Plc, the AIM-quoted gold and copper exploration company, is
pleased to announce that it has completed an initial diamond drilling programme
at the Company's Artvin Project located in the Eastern Pontide Belt in
northeastern Turkey. The Eastern Pontide Belt is a major metallogenic province
in the eastern Black Sea coastal region and is prospective for volcanic-hosted
massive sulphide (VHMS) deposits, porphyry copper-gold deposits, and epithermal
gold-silver mineralisation.

The diamond drilling programme, at the Yanikli Prospect, consisted of five
holes totalling 1,618m. Drillhole depths ranged from 146m to 417m and was
designed to test strong gold-base metals anomalies from soil and rock chip
surveys as well as induced polarisation (IP) chargeability-resistivity
anomalies. The Company's geologists have observed significant widths of
quartz-sericite-pyrite alteration with widespread disseminated and vein-style
pyrite-sphalerite and some galena within the core in all five holes. Results of
the programme will be announced in due course following receipt of final assay
results.

The Artvin Project is subject to a Joint Venture Agreement with a subsidiary of
Centerra Gold Inc., a Canadian-based gold mining and exploration company which
is listed on the Toronto Stock Exchange. The Artvin Project comprises 15
tenements, which cover approximately 254km2.

KEFI Minerals' Managing Director, Jeff Rayner, commented:

"The completion of this drilling programme is another successful step in our
evaluation of these prospective tenements. The joint venture with Centerra
provides the necessary funding to continue our systematic exploration of the
Artvin Project which we shall advance throughout 2009."

Enquiries

KEFI Minerals                WH Ireland           Bishopsgate Communications   
                                                                               
Jeffrey Rayner               Laurie Beevers       Maxine Barnes                
                                                                               
                             Katy Mitchell        Nick Rome                    
                                                                               
[phone]            [phone]     [phone]             
                                                                               
www.kefi-minerals.com                                                          

References in this announcement to exploration results and potential have been
approved for release by Mr Malcolm Stallman (B.App.Sc). Mr Stallman is a
geologist and has more than 20 years' relevant experience in the field of
activity concerned. He is a Member of the Australasian Institute of Mining and
Metallurgy (AusIMM) and has consented to the inclusion of the material in the
form and context in which it appears.

About KEFI Minerals

KEFI Minerals commenced trading on AIM in December 2006 and was formed with the
aim of creating shareholder value through the discovery and exploitation of
gold and copper deposits.

In Turkey, KEFI Minerals currently has nine exploration projects:

1. At Derinin Tepe, in the Western Anatolia Region, low-sulphidation epithermal
quartz veins have been identified with gold and silver mineralisation.

2. At Artvin, in northeastern Turkey, extensive hydrothermal alteration and
gold and base metal mineralisation have been recognised in the project area, as
well as historical workings indicating potential for economic mineralisation.

3. Bakir Tepe, in southwestern Turkey, is prospective for VMS polymetallic
deposits.

4. 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.

5. Hasancelebi, in central Turkey, is prospective for high-sulphidation
epithermal gold mineralisation and Iron-Oxide Copper-Gold ("IOCG")
mineralisation.

6. At Karalar, in Central Anatolia, highly anomalous gold in stream sediments
have been identified in an area of historic base metal mines.

7. Muratdag, in the Western Anatolia Region, is prospective for Carlin-style
epithermal gold mineralisation.

8. Meyvali, in the Western Anatolia Region, is prospective for epithermal and
skarn related mineralisation.

9. At Yatik, in the Western Anatolia Region, low-sulphidation epithermal quartz
veins with gold and silver mineralisation have been identified.

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. 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".