Sale of Yatik Gold Project

AIM: KEFI                                                      15 April 2010

                               KEFI Minerals Plc                               

                      ("KEFI Minerals" or the "Company")                       

                      SALE OF YATIK GOLD PROJECT, TURKEY                       

KEFI Minerals, an AIM-quoted gold and copper exploration company, with projects
in Turkey and the Kingdom of Saudi Arabia, is pleased to announce the sale of
the Yatik Gold Project in Western Anatolia to Turkish gold miner, Koza Altin IÅŸ
letmeleri A.Åž. ("Koza"). The project was sold for a net cash consideration of
US$150,000 and a 2.5% Net Smelter Return royalty on specified minerals such as
gold, silver and base metals potentially produced from the property.

KEFI Minerals' Yatik Gold Project hosts 400m strike length of a gold-bearing
epithermal vein, which continues eastwards out of the licence area, with total
length estimated to be at least 1.3km. Although up to 50m in width, the vein is
on average 14m wide. Epithermal, chalcedonic quartz textures suggest a high
level of exposure of the vein system with the potential for bonanza gold grades
at depth with surface rock-chip sampling returning grades up to 11g/t Au.
Limited reverse-circulation ("RC") drilling to 60m depths by previous explorers
returned up to 31m at 1.3g/t and 7m at 5.7g/t Au.

KEFI Minerals recognised the high level of exposure and significant gold
potential of the Yatik epithermal system and successfully won a tender for the
licence in mid-2007, which covered the western 400m exposure of the Yatik vein.
Koza subsequently won a separate tender in mid-2008 which covered the remaining
900m of the eastern extension of the vein.

For the year ended 31 December 2008, the loss before taxation attributable to
the Yatik Gold Project was £10,000 and its net asset value at 30 June 2009 was
nil. The sale proceeds will be used to fund KEFI Minerals' continuing
exploration activities.

Koza is the owner of the Ovacik Gold mine, located 40km to the south of Yatik.
The Ovacik mine has produced over 1Moz of gold from open cut and underground
mining of epithermal veins.

KEFI Minerals' Managing Director Jeff Rayner commented that:

"We believe that the Yatik vein has the potential to contain more than one
million ounces in the Ovacik- Yatik gold corridor. Koza owns the operating gold
mine and plant at Ovacik, and has demonstrated that it can successfully develop
new gold mines in the Western Anatolia region of Turkey. It also owns the
majority of the Yatik vein and is the logical company to continue the
exploration and potentially develop a mine at Yatik.

"KEFI Minerals has created shareholder value by our early identification of
Yatik. The cash component of the sale is greater than our expenditure on the
project and we retain a valuable entitlement to potential future gold
production via a 2.5% Net Smelter Return royalty."

Enquiries

KEFI Minerals                WH Ireland            Bishopsgate Communications  
                                                                               
Jeffrey Rayner               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 the following 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. Artvin is a joint venture operated by KEFI Minerals and
    funded by Centerra Gold Inc, who has the right to earn up to 70% interest
    in the property by spending USD$6 million.
   
 3. Bakir Tepe, in southwestern Turkey, is prospective for VHMS polymetallic
    deposits. High-grade gold and copper crop out on the peripheries of a
    shallowly buried geophysical chargeability anomaly.
   
 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. Muratdag, in the Western Anatolia Region, is prospective for Carlin-style
    epithermal gold mineralisation.
   
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.

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".

                                    -Ends-