Statement re Share Price Movement

KEFI Minerals plc                               

                           ("KEFI" or the "Company")                           

                            MOVEMENT IN SHARE PRICE                            

KEFI notes the recent movement in its share price and confirms that it is in
process of undertaking a placing to raise up to £625,000 through the issue of
50,000,000 ordinary shares at a price of 1.25p each.

A further announcement will be made as soon as appropriate.

For further information contact:

Jeffrey Rayner, KEFI Minerals plc       Tel: [phone]                  
                                                                               
Katy Mitchell, W.H. Ireland Ltd.        Tel: [phone]              
                                                                               
Jason Robertson, Optiva Securities      Tel: [phone]              
Limited                                                                        
                                                                               
Jeremy King, Optiva Securities Limited  Tel: [phone]