Update on Licence Applications in Saudi Arabia

KEFI Minerals plc                               

                           ("KEFI" or the "Company')                           

                                   AIM: KEFI                                   

                Update on Licence Applications in Saudi Arabia                 

The Company is pleased to provide a further update on the status of its
Exploration Licence Applications ("ELAs"), in the Kingdom of Saudi Arabia:

As announced on 28 January 2011 and 4 February 2011, KEFI had been advised of a
short delay to the licence application procedure in Saudi Arabia, as minor
changes were required to the Company's Exploration Technical Report ("ETR").
The ETR accompanies the submission of each ELA and outlines the proposed five
year work programme for such licence.

KEFI can confirm that a revised ETR has now been formally submitted to the
relevant government department.

Further updates will be provided to shareholders in the event that an
exploration licence is issued.

Enquiries:

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