Change of Nomad

Embargoed for release 07.00 Tuesday 3rd May 2011

AIM: KEFI

                               KEFI Minerals Plc                               

                      ("KEFI Minerals" or the "Company")                       

                          Change of Nominated Adviser                          

KEFI Minerals is pleased to announce the appointment of Fox-Davies Capital Ltd
as Nominated Adviser & Broker to the Company with immediate effect.

Enquiries:

KEFI Minerals www.kefi-minerals.com

Jeffrey Rayner [phone]

Fox-Davies Capital

Simon Leathers [phone]

Bishopsgate Communications

Nick Rome [phone]

Michael Kinirons

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 the Kingdom of Saudi Arabia, KEFI Minerals has a minerals exploration joint
venture with leading Saudi construction and investment group Abdul Rahman Saad
Al-Rashid & Sons Company Limited ("ARTAR"). KEFI Minerals is the operating
partner with a 40% interest and the joint venture's primary target is the
discovery and development of a >1 million ounce gold deposit in the
under-explored Precambrian Shield in Saudi Arabia.

In Turkey, KEFI Minerals continues to explore its current portfolio of
properties prospective for copper and gold deposits as well as evaluating
further opportunities.

KEFI Minerals' Board of Directors is comprised of Mr. Harry Anagnostaras-Adams
(Chairman), Mr. Jeffrey Rayner (Managing Director), Professor Ian Plimer
(Deputy Chairman) and Mr. John Leach (Finance Director).

Further information on KEFI Minerals is available at www.kefi-minerals.com and
the Company's AIM code is "KEFI".


KEFI Minerals Plc

DoÄŸuAkdenizMineralleri

San. Tic. Ltd. Åžti.

Cemal Gürsel Cad.

Yalı Apt. No: 304

K:4 D:9 Karşıyaka İZMİR

Tel: [phone]

Fax: [phone]

Email: [e-mail]