Issue of Shares

20th Jul 2010 10:29

AIM: KEFI 20th July 2010

KEFI Minerals Plc ("KEFI Minerals" or the "Company") ISSUE OF SHARES

KEFI Minerals, an AIM-quoted gold and copper exploration company with projects in Turkey and the Kingdom of Saudi Arabia, confirms the appointment of a new metallurgist consultant, Mr. Sergio Di Giovanni.

KEFI Minerals will utilise his services to assess the metallurgical aspects of potential acquisition opportunities in Saudi Arabia and Turkey.

As part of the terms of his employment contract, Mr. Di Giovanni has been issued 400,000 Ordinary Shares at a price of 1.25p per Ordinary Share (the "Salary Shares") and will receive further salary as set out in the terms of his contract.

Application has been made to admit the Salary Shares to AIM and dealings in the Salary Shares should commence on 23 July 2010.

Following the issue of the salary shares the total number of issued shares in the share capital of the Company is 280,129,259 Ordinary Shares.

EnquiriesKEFI Minerals Fox-Davies Capital WH Ireland Bishopsgate Communications Jeff Rayner Phil Davies Katy Mitchell Nick Rome Michael Kinirons David Porter +90 533 928 19 13 +44 207 936 5236 +44 161 832 2174 +44 20 7562 3350

www.kefi-minerals.com -Ends-

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Related Shares:

Kefi Gold & Copper