Two Exploration Licences Granted in Saudi Arabia

AIM: KEFI

                                                               4th January 2012

                               KEFI Minerals Plc                               

                      ("KEFI Minerals" or the "Company")                       

               Two Exploration Licences Granted in Saudi Arabia                

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 grant of
two mineral Exploration Licences (the "Licences") in Saudi Arabia to the Gold &
Minerals ("G&M") Joint Venture. The Licences, "Hikyrin" and "Hikyrin South"
have been granted by the Kingdom of Saudi Arabia's Deputy Ministry for Mineral
Resources for a period of five years.

KEFI Minerals has a 40% interest in the G&M Joint Venture and is the operating
partner. To date the Company has a total of three granted Exploration Licences
and a total of 15 Exploration Licence Applications ("ELAs") in the Kingdom of
Saudi Arabia.

The Hikyrin and Hikyrin South Licences are contiguous, cover an area of 61km2
and 90 km2, respectively, and are located in the Central Arabian Gold Region
("CAGR") where Ma'aden has recently published a gold resource estimate of over
8 Moz. The licences are located 30km north of Ma'aden's Ar Rjum gold deposit
(2.65 Moz) and 10km east of Ash Shakhtaliah gold deposit (0.3M oz Au). The
licences host favourable shear zones, fault structures and quartz veined
alteration zones, and contains ancient hard rock workings for gold.

HIGHLIGHTS

  * G&M Joint Venture to immediately commence surface exploration programmes
    over the Licences with the aim of generating targets for drill testing as
    soon as possible;
   
  * Limited rock chip sampling, undertaken by G&M during field assessment of
    the area, returned results of up to 5 g/t gold from quartz vein zones
    located within the Licences;
   
  * Ancient gold workings are located within the Licences' area.
   
KEFI Minerals' Managing Director, Jeff Rayner, commented:

"We are delighted to have been granted a further two exploration licences in a
highly prospective part of the Central Arabian Gold Region. Our geologists will
commence field work immediately at Hikyrin and Hikyrin South, and continue to
progress exploration work at the new gold finds at Selib North"

                                    -Ends-                                     

Enquiries:                                                                            

KEFI Minerals

Jeffrey Rayner [phone]

Fox-Davies Capital

Simon Leathers [phone]

Bishopsgate Communications

Nick Rome [phone]

References in this announcement to exploration results and potential have been
approved for release by Mr. Jeffrey Rayner.Mr Rayneris a geologist and has more
than 25years' 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.

Further information on KEFI Minerals is available at www.kefi-minerals.com