Grant of Exploration Licences

Kefi Minerals plc
15 March 2007

AIM: KEFI                                                          15 March 2007

                               KEFI Minerals Plc
                      ('KEFI Minerals' or the 'Company'),

                         GRANT OF EXPLORATION LICENCES

Following the announcement made by the Company on 1 February 2007, KEFI
announces that, during February 2007, following completion of legal formalities,
it was granted two new exploration licences by the Ministry of Natural Resources
in Turkey. The licence areas are known as the Derenin Tepe and the Karalar
Licences.

The Company is also pleased to announce encouraging assay results from initial
exploration programmes on those licence areas.

Highlights:

   • Rock chip sampling reveals up to 152g/t gold and 229g/t silver in the
     area of ancient workings and channel sampling assay results of 8 metres at
     3g/t gold and 152g/t silver at Derenin Tepe;
   • Highly anomalous gold stream sediment sample results of up to 380ppb
     gold at Karalar;
   • Targeting large epithermal gold or porphyry gold-copper systems
     analogous to several +1 million ounce deposits in the region; and
   • Exploration office established in Turkey and commencement of field
     activities in the recently granted licences.

Derenin Tepe

The Derenin Tepe Licence area is located in the highly prospective Balekisir
Province in Western Anatolia, Turkey. This licence covers an area of 12km2 and
hosts a series of parallel quartz veins that trend northwest and extend for at
least one kilometre. The main vein exhibits classic low-sulphidation epithermal
features and attains a maximum true width of 8 metres. This vein has
historically been mined by small-scale, shallow, open-pit methods.

Preliminary rock chip sampling returned encouraging assay results of up to 
152g/t gold and 229g/t silver in the area of the ancient workings. Channel 
sampling retuned assays of 8 metres at 3g/t gold and 152g/t silver.

Karalar

The Karalar Licence covers an area of 10km2 and is located in the Central
Anatolia Province, Turkey. The licence is close to historic copper, lead and
zinc mines and has returned up to 380ppb gold in stream sediment samples.

KEFI is targeting large epithermal gold or porphyry gold-copper systems
analogous to several +1 million ounce deposits recently discovered and developed
in the Western Anatolia Region.

Since being admitted to AIM on 18 December 2006, KEFI Minerals has established
an exploration office in Turkey and has commenced field activities in the
region.

KEFI Minerals' Managing Director, Jeff Rayner, commented:

'We are pleased with our continued progress in Turkey. The acquisition of these 
two new exploration licences and the early positive exploration results are in 
line with KEFI's strategy of building a portfolio of high quality exploration 
projects that can be progressed quickly to a drilling stage.'

                                     -Ends-

Enquiries

KEFI Minerals            WH Ireland            Bishopsgate Communications
Jeffrey Rayner           Laurie Beevers        Maxine Barnes
                         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 Jeff Rayner, B.Sc. (Honours). Mr Rayner is a
geologist and has more than 20 years' relevant experience in the field of
activity concerned. He is a member of The Australian Institute of Mining and
Metallurgy (AUSIMM) and has consented to the inclusion of the material in the
form and context in which it appears.

Notes to Editors:

KEFI Minerals was formed on 24 October 2006 for the purposes of holding EMED
Mining's exploration interests in Turkey and Bulgaria with a view to creating
shareholder value through the discovery and exploitation of gold and copper
deposits.

In November 2006, KEFI Minerals completed the acquisition of EMED Mining's
Turkish and Bulgarian exploration interests through the acquisition of EMED
Mining's subsidiary Mediterranean Minerals (Bulgaria) EOOD. In addition, KEFI
Minerals acquired from EMED Mining a database of mining information relating to
Turkey.

KEFI Minerals commenced trading on AIM on 18 December 2006, following the
successful placing of 46,666,667 shares at 3p to raise £1.4 million. KEFI
Minerals' market capitalisation was £2.7 million at the placing price on
admission to AIM.

A further placement was concluded on 19th February 2007, where 11,666,667 new
Ordinary shares were issued at 3p to raise £350,000. The total number of shares
on issue is 100,333,334.

In Turkey, KEFI Minerals now has four exploration projects:

 1. At Artvin in northeastern Turkey, areas of extensive hydrothermal alteration
    have been recognised in the project area, and there is evidence of
    historical workings indicating potential for economic mineralisation.
 2. 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.
 3. At Derenin Tepe in the Western Anatolia Region, epithermal quartz veins have
    been identified with gold and silver mineralisation.
 4. At Karalar, in Central Anatolia, highly anomalous gold in stream sediments,
    draining from an area of granite intrusion and in an area of historic base
    metal mines.

KEFI Minerals also has an extensive exploration database which contains
information about approximately 100 further prospective sites in Turkey. This
database provides the Company with a competitive advantage to identify
prospective areas for project generation in Turkey. Monitoring of the
exploration licence status of geologically prospective areas will be carried out
on an ongoing basis so that KEFI Minerals can acquire further exploration
opportunities as soon as they become available.

In southern Bulgaria, reconnaissance work in the Lehovo Project area has
identified a structural corridor with a strike length of approximately eight
kilometres with the potential for gold and base metal mineralisation.

EMED Mining has agreed to provide technical and administrative systems and
personnel to KEFI Minerals on a cost-recovery basis, thus enabling KEFI Minerals
to reduce overheads and spend more on exploring Turkey and Bulgaria.

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'.




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