Issue of Equity

7 November 2011

KEFI Minerals Plc ("KEFI Minerals" or the "Company")

ISSUE OF EQUITY

KEFI Minerals announces that it today issued 200,000 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares").

The issue was made to a Mining Engineering consultant in lieu of services rendered to the Company.

Application has been made to admit 200,000 new Ordinary Shares to trading on AIM, and dealings in the Ordinary Shares is expected to commence on 18 November 2011.

Following the issue of the Ordinary Shares pursuant to the exercise of options, the Company will have 365,179,689 Ordinary Shares in issue.

Enquiries:

KEFI Minerals www.kefi-minerals.comJeffrey Rayner +90 533 928 19 13

Fox-Davies CapitalSimon Leathers +44 203 463 5010

Bishopsgate Communications +44 207 562 3395Shabnam Bashir