Execution of Heads of Agreement

KEFI Minerals Plc                               

                      ("KEFI Minerals" or the "Company")                       

                        EXECUTION OF HEADS OF AGREEMENT                        

KEFI Minerals, an AIM-quoted gold and copper exploration company, announces
that it has executed a heads of agreement to sell the Company's Derinin Tepe
(also known as Kizilcukur), Muratdag and Yatik West projects (the "Properties")
in western Turkey to Ariana Resources plc ("Ariana").

Details of the Heads of Agreement, which are subject to due diligence and the
completion of a definitive agreement, provide for the sale terms to be as
follows:

  * A nominal cash payment by Ariana to KEFI's Turkish subsidiary.
   
  * The issue to KEFI of such number of ordinary shares in the Company that are
    equal to a value of £50,000 based on a 30% premium to the average Volume
    Weighted Average Price ("VWAP") of Ariana's ordinary shares calculated for
    the 30 days of trading prior to the date of completion of a definitive
    agreement; which KEFI agrees not to trade for a period of 12 months from
    the date of issue
   
  * The grant to KEFI of a 2% Net Smelter Royalty on all future mineral
    production from the licences.
   
The Heads of Agreement will expire on 29th April 2011 unless both parties agree
to extend this date.

A further announcement will be made if a definitive agreement with Ariana is
executed.

Enquiries

KEFI Minerals                WH Ireland            Bishopsgate Communications  
                                                                               
Jeffrey Rayner               Katy Mitchell         Michael Kinirons            
                                                                               
[phone]            [phone]      [phone]            
                                                                               
www.kefi-minerals.com                                                          

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".