Exercise of Warrants

AIM: KEFI 18 October 2013 KEFI Minerals Plc ("KEFI Minerals" or the "Company") Exercise of Warrants KEFI Minerals, the AIM-quoted gold and copper exploration and developmentcompany with projects in the Kingdom of Saudi Arabia, announces that on 6August 2013 it allotted 830,000 ordinary shares of 1 penny each ("OrdinaryShares") following the exercise of warrants. The warrants all had an exerciseprice of 1.25p per share. Application has been made for 830,000 Ordinary Sharesto be admitted to trading on AIM and admission is expected to occur on 23October 2013. For the purposes of the Disclosure and Transparency Rules, the Company's totalissued share capital, following admission of the Ordinary Shares referred toabove, will comprise 521,589,054 Ordinary Shares. The above figure may be usedby shareholders as the denominator for the calculations by which they willdetermine if they are required to notify their interest in, or a change totheir interest in, the Company under the Disclosure and Transparency Rules. Enquiries: KEFI Minerals plcJeffrey Rayner +90 533 928 19 13 Fox Davies Capital LimitedSimon Leathers +44 203 463 5010 Bishopgate CommunicationsNick Rome/Anna Michniewicz +44 20 7562 3366

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