Exploration Update

AIM: KEFI 8th August 2013 KEFI Minerals Plc ("KEFI" or the "Company") EXPLORATION UPDATE CoNTINUED EXPANSION OF MINERALISATION AT JIBAL QUTMAN 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, andresults from metallurgical testwork at the Jibal Qutman Licence. KEFI is theoperator for the project under the Company's 40%-owned Gold & Minerals JointVenture ("G&M"). HIGHLIGHTS * Third drill rig now in operation at Jibal Qutman * On-going drill and trench results continue to expand the mineralisation on all four drilled deposits at Jibal Qutman with best RC drill results of 16m at 4.3 g/t Au, 10m at 3.51g/t Au, 12m at 2.9g/t Au, 25m at 1.27g/t Au and 47m at 0.94g/t Au. * On-going metallurgical testwork indicates encouraging gold recoveries of 92% to 96% from oxides, 81% from transitional and 68% from sulphide mineralisation at Jibal Qutman. Jeff Rayner, Managing Director of KEFI Minerals, commented: "We are delighted that our ongoing programme continues to highlight the scopeof the Jibal Qutman project. We are building on a strong set of drill resultsachieved to date and with the third rig up and running we look forward to anaccelerated programme. The rapid progress at Jibal Qutman is pleasing andserves to highlight our belief in the region as whole." JIBAL QUTMAN PROJECT Drilling & Trenching A third RC drill rig mobilised from the UK has commenced drilling at the JibalQutman project boosting the drilling productivity which had slowed due to thecombined heat of the summer and the Holy Ramadan period. Encouraging results have been returned from the ongoing RC and trench sampling,which is supporting the current interpretation and expanding the mineralisationin the four drilled zones; Main, South, West and 3K Hill, at Jibal Qutman.Furthermore, a backlog of assay data from 20 drilled RC holes from the assaylaboratory is yet to be received and compiled. Drilling has commenced at 3K Hill to test beneath the trench results previouslyannounced in June 2013 which included 80m at 1.88g/t Au, 40m at 4.40g/t Au and41m at 1.56g/t Au. To date 97 RC holes have been completed on a 50m x 40m grid.Results have been received from 77 drill holes with best intercepts being 16mat 4.3g/t Au and 25m at 1.27g/t Au. At the West Zone, RC drilling continues on the 50m x 40m grid, newmineralisation has been discovered at depth along the western edge of the Zoneand the deposit is still open to the north and south. Best intercepts include10m at 3.51 g/t Au, 12m at 2.90 g/t Au. 9m at 2.90g/t Au and 47m at 0.94g/t Au(see Table below). Hole No From To (m) Interval Au g/t Zone (m) (m) JQRC043 65 75 10 0.74 west 79 85 6 0.42 west JQRC045 0 47 47 0.94 west 58 63 5 0.44 west 68 80 12 2.9 west 86 93 7 0.61 west 95 104 9 0.41 west JQRC047 62 71 9 2.05 west JQRC053 48 58 10 3.51 west JQRC054 62 66 4 0.57 west 69 73 4 0.74 west JQRC055 0 16 16 4.3 3KHill JQRC056 28 32 4 1.41 3KHill 35 38 3 0.6 3KHill JQRC057 0 10 10 0.68 3KHill 12 20 8 0.95 3KHill JQRC059 0 16 16 0.81 3KHill JQRC060 26 34 8 1.03 3K Hill JQRC079* 20 45 25 1.27 3K Hill *Preliminary results only. Trenching has also continued on the prospect, to date 207 trenches have beenexcavated, with best results not released previously tabled below, includingresults from two new prospects; the East Veins, which are located immediatelyeast of the South Zone, and the 5K Hill prospect, which is 2km north of the 3KHill. Best results are shown below, which include high grade intercepts of 6mat 4.14g/t Au, 1m at 6.19g/t Au and 4m at 6.38g/t Au at the East Veins. Trench From To (m) Interval Au g/t Zone No (m) (m) JQT001 53 60 7 1.94 Main JQT004 0 5 5 0.76 3KHill 19 32 13 1.03 3KHill JQT005 26 29 3 0.93 3KHill 32 36 4 0.5 3KHill 41 59 18 0.51 3KHill 74 81 7 0.62 3KHill JQT141 53 59 6 4.14 East 70 71 1 6.19 East JQT144 18 19 1 2.59 East JQT150 36 40 4 0.69 East JQT151 13 18 5 0.55 East JQT152 64 66 2 0.98 East JQT155 37 40 3 1.1 East JQT156 6 7 1 2.24 East JQT157 7 9 2 3.95 East JQT167 16 20 4 6.38 East JQT173 12 15 3 0.83 5KHill 46 48 2 0.53 JQT175 20 24 4 0.93 5KHill Metallurgical Testwork: Standard CIL bottle roll tests (Carbon in Leach) are designed to provide aninitial indication of gold recoveries by standard CIP & CIL treatment of orefrom the Jibal Qutman prospect in Saudi Arabia. Preliminary testwork has returned excellent results with high gold recoveriesof; * 94.9% and 96.4% by cyanidation of ground ore from two composite drill samples representing the West Zone oxide mineralisation; * 92.5% from one composite drill sample representing the South Zone oxide mineralisation; * 80.5% and 81.5% from two composite drill samples representing the West Zone transitional mineralisation; and * 68.1% from one composite drill sample representing the deeper West Zone fresh mineralisation. While not definitive, this metallurgical test work suggests that the oxide,transitional and primary mineralisation from the Jibal Qutman prospect can betreated successfully with standard CIP processing methods. In addition, furtherassessment of the potential for recovering gold by heap leach from oxidised oreis warranted. These results were achieved by standard CIL bottle roll tests on ore ground to75 microns. Further metallurgical testwork to optimise recovery on thetransitional and primary mineralisation is underway. Additional metallurgicaltestwork to test amenability to Heap Leach will be carried out as and whenupdated JORC resources are calculated on these Prospects. -Ends- Enquiries KEFI Minerals PlcJeffrey Rayner +90 533 928 1913 Fox-Davies CapitalSusan Walker +44 203 463 5028 Bishopsgate CommunicationsNick 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. KEFI' Strategic Plan in the Kingdom of 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.

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