Issue of Equity

KEFI Minerals plc                               

                           ("KEFI" or the "Company')                           

                                   AIM: KEFI                                   

                                Issue of Equity                                

The Company confirms that they have today issued 1,150,000 Ordinary Shares
pursuant to the exercise of options. (the "Option Shares")

Application has been made to admit the Option Shares to trading on AIM, and
dealings in the Option Shares are expected to commence on 4 February 2011.


Following the issue of the Option Shares the total number of Ordinary Shares
now in issue in the Company is 334,136,358.

Enquiries:

KEFI Minerals plc              www.kefi-minerals.com     
                                                         
Jeffrey Rayner                 [phone]         
                                                         
WH Ireland Limited                                       
                                                         
Katy Mitchell                  [phone]