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Kefi Minerals PLC (KEFI)

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Tuesday 19 October, 2010

Kefi Minerals PLC

Confirmation of Equity Placing


                               KEFI Minerals plc                               

                           ("KEFI" or the "Company")                           

                        CONFIRMATION OF EQUITY PLACING                         

Further to the announcement of 8 October 2010, in which the Company confirmed
it had conditionally raised £625,000 (before expenses) by way of a placing by
Optiva Securities Limited ("Optiva"), WH Ireland Limited ("WH Ireland") and WHI
Stockbrokers Limited of 50 million new ordinary shares of 1p each ("Placing
Shares") at 1.25p per share ("the Placing"), the Company can confirm that all
conditions, save for admission of the Placing Shares to trading on AIM
("Admission") have now been satisfied.

As set out in the announcement of 8 October 2010, application has been made for
Admission of the Placing Shares and dealings in the Placing Shares are now
expected to commence on 20 October 2010.

Following the issue of the Placing Shares the total number of shares in issue
in the Company will be 331,316,350 ordinary shares of 1p each ("Ordinary
Shares").

For further information contact:

Jeffrey Rayner, KEFI Minerals plc Tel: +90 533 928 1913

Katy Mitchell, W.H. Ireland Ltd. Tel: +44 (0)161 832 6644

Philip Davies, Fox-Davies Capital Tel: +44 (0)203 463 5010

Jason Robertson, Optiva Securities Limited Tel: +44 (0)203 137 1906

Jeremy King, Optiva Securities Limited Tel: +44 (0)203 137 1904

Michael Kinirons, Bishopsgate Communications Tel: +44 (0)20 7562 3395