Exploration Update

AIM: KEFI 13th June 2013 KEFI Minerals Plc ("KEFI " or the "Company") ExCELLENT TRENCHING RESULTS FROM A NEW GOLD DIscovery AT JIBAL QUTMAN EXPLORATION PROJECT KEFI Minerals, the AIM-quoted gold and copper exploration company with projectsin the Kingdom of Saudi Arabia, is pleased to announce additional trenchchannel sampling and drilling results from the second drilling programme, and asignificant new gold discovery at the Jibal Qutman Licence. KEFI is theoperator for the project under the Company's 40%-owned Gold & Minerals JointVenture ("G&M"). HIGHLIGHTS * The new discovery at the 3K Hill gold prospect returned very encouraging trench channel sample results. * Trench sampling intercepts included 80m at 1.88g/t Au, 40m at 4.40g/t Au and 41m at 1.56g/t Au. * Mapping and sampling elsewhere on the Jibal Qutman Licence returned rock chip results from a number of new areas, including 19.1g/t Au, 16.4g/t Au and 6.4g/t Au from an area 2km north of the 3K Hill prospect. * Trenching and drilling over the Jibal Qutman Licence area is planned to continue in June 2013. JIBAL QUTMAN PROJECT Follow up mapping and trenching on rock chip samples (reported previously on30th May) grading up to 17g/t Au in an area 3km north of the current area beingdrilled at Jibal Qutman has resulted in a new gold discovery, called the "3KHill" prospect. A series of seven trenches spaced 50m apart, over 300m of strike, have beenexcavated over a small hill with minor ancient workings on north strikingquartz veins, dipping 30° to the east. Desert sands up to 1-2m thick surroundthe hill to the west and south. Assay results from five trenches have been received and have returned veryencouraging intercepts, including 80m at 1.88g/t Au, 40m at 4.40g/t Au and 41mat 1.56g/t Au. The vein zone is interpreted to plunge beneath the southern-mosttrench, Trench 8, and this southern extension will be tested by drilling. A RCdrill rig has been mobilised to the 3K Hill prospect to drill a first phase of30 RC drill holes on a 50m x 40m grid to a nominal 100m depth Jeff Rayner, Managing Director of KEFI Minerals, commented: "The new discovery at the 3K Hill gold prospect has returned exceptional trenchchannel sample results, in a short time from the initial rock chip sampling,and is indicative of the underlying potential and prospectivity of the JibalQutman Licence. RC drilling has commenced on 3K Hill and we will shortly have 3RC rigs in operation, further accelerating our drilling at the Main, West andSouth Zones. We are also looking forward to trench and eventually drill the newareas of high grade gold in rock chip samples elsewhere in the Licence." Trench Number Sample Au g/t Zone interval (m) JQT009 80 1.88 3K Hill Including 24 4.28 3K Hill JQT010 40 0.74 3K Hill JQT007 15 1.05 3K Hill and 40 4.40 3K Hill including 23 6.67 3K Hill JQT006 41 1.56 3K Hill Mapping and sampling elsewhere on the Jibal Qutman Licence has returned rockchip results 19.1g/t Au, 16.4g/t Au and 6.4g/t Au from an area 2km north of the3K Hill prospect; 17.6g/t Au from an area 1.2km north of the Main Zone; and8.1g/t Au and 8.0g/t Au from an area 600m east of the JORC Inferred Resource of313,000 oz Au (from the Main, South and West Zones) at Jibal Qutman. Trenchingover these areas is planned to continue in June 2013. RC drilling has been limited to just one drill rig since May 2013 however thesecond RC rig's major repairs are complete and it is now back drilling in theproject area. A third RC rig ordered from the UK, is now in Jeddah Port,awaiting customs clearance. Best RC intercepts, not reported previously from the drilling at the West andSouth Zones, include, 10m at 3.51g/t Au, 9m at 3.16g/t Au and 14m at 1.03g/tAu. The Inferred Resource published on 30th May 2013, incorporates RC drillhole data only up to hole JQRC042. An updated Resource estimate will be performed later in July, or August 2013. Hole No From To (m) Interval Au g/t Zone (m) (m) JQRC026 3 12 9 0.68 West & 39 44 5 0.93 West & 73 84 11 0.75 West JQRC028 61 72 11 0.70 West JQRC029 16 42 26 0.66 West JQRC031 87 96 9 1.02 South JQRC033 28 37 9 1.11 South & 44 53 9 3.16 South JQRC035 71 89 18 0.76 South JQRC040 32 35 3 1.72 West & 76 80 4 1.72 West JQRC042 60 65 5 1.02 West JQRC048 34 48 14 1.03 West JQRC049 56 60 4 1.07 West & 63 70 7 1.07 West JQRC050 42 51 9 0.51 West JQRC051 55 64 9 0.91 West JQRC052 62 68 6 0.96 West JQRC053 48 58 10 3.51 West KEFI' Strategic Plan in the Kingdomof Saudi Arabia İn 2009, KEFI formed the Gold and Minerals Joint Venture ("G&M") in SaudiArabia with local Saudi partner Abdul Rahman Saad Al-Rashid & Sons CompanyLimited ("ARTAR"), to explore for gold and associated metals in the ArabianShield. To date, the G&M has conducted preliminary regional reconnaissance andlodged 23 Exploration Licence Applications (ELAs), of which 4 have beengranted. The ELAs were initially applied for and granted to ARTAR. Incorporation of G&Mhas been completed and any granted Licences will be transferred into G&M in duecourse. The Kingdom of Saudi Arabia has instituted policies to encourage mineralsexploration and development and KEFI Minerals supports this priority by servingas the technical partner within G&M. ARTAR also serves this Government policyas the major partner in G&M, which is one of the early movers in the modernresurgence of the Kingdom's minerals sector. -Ends- Enquiries KEFI MineralsPlc Jeffrey Rayner +90 533 928 1913 Fox-Davies Capital Susan Walker +44 203 463 5028 Bishopsgate Communications Nick Rome +44 20 7562 3395 References in this announcement to exploration results and mineralresourceshave been approved for release by Mr. Jeffrey Rayner. Mr Rayner is ageologist and has more than 25 years' relevant experience in the field ofactivity concerned. He is a Member of the Australasian Institute of Mining andMetallurgy (AusIMM) and has consented to the inclusion of the material in theform and context in which it appears.

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