Result of GM

AIM: KEFI 27 December 2013 KEFI Minerals plc ("KEFI Minerals" or the "Company") Results of General Meeting KEFI Minerals, the AIM-quoted gold and copper exploration and developmentcompany, announces that all resolutions proposed at the General Meeting heldtoday in Sydney, Australia were duly passed by the members. As a result, the Company now has approval to complete the placing andacquisition of 75% of the issued share capital of Nyota Minerals (Ethiopia)Limited - a wholly owned subsidiary of Nyota Minerals Limited ("Noyota") andthe holder of the Tulu Kapi exploration licence and surrounding explorationlicences (as announced on 11 December 2013). Background information Tulu Kapi was first mined in the 1930s and a DFS (Definitive Feasibility Study)was completed in December 2012, which produced a Probable Reserve of 17Mt at1.82g/t Au (1.0Moz Au) based on an JORC-compliant Inferred and IndicatedResource estimate of 25Mt at 2.34g/t Au (1.9Moz Au). This DFS was based on thework performed to that date, which comprised over 120,000m of drilling and anaggregate expenditure of over $50 million. KEFI Minerals has devised an alternative approach at Tulu Kapi, which itbelieves will reduce the anticipated capital and operating expenditure, andshould allow for a lower start-up risk and a higher overall return. Working inpartnership with Nyota, KEFI Minerals plans a limited programme of RC drilling,surface sampling and metallurgical test work and additional verification of therefined engineering estimate in 2014. This will allow KEFI Minerals to refine aDFS for planned development in 2015, based on a production of approximately85kozpa Au. KEFI Minerals is now positioned as an operator of two gold development projectswithin the highly prospective Arabian-Nubian Shield which has been its primaryfocus since 2008: Tulu Kapi in Ethiopia and Jibal Qutman in Saudi Arabia, bothof which have significant resource growth potential beyond the depositestimates already reported. By 2017, the aggregate estimated production atthese projects attributable to KEFI Minerals could exceed 80kozpa Au. The cashgenerated will be used to fund further exploration and, when appropriate, adividend policy. KEFI Minerals is pleased to have seized these opportunities topotentially develop the Company into a self-funding explorer of parts of SaudiArabia being opened for modern exploration for the first time and, in Ethiopia,to potentially develop a profitable long term operation in the best interestsof all stakeholders. Proxy Votes The table below sets out the votes of shareholders who voted by proxy: Resolution For Against Discretion to Abstentions Total Chairman 01 96,227,955 2,000 6,420 163,640 96,400,015 02 96,202,955 27,000 6,420 163,640 96,400,015 Full details of the resolutions can be found in the circular posted toshareholders as announced on 11 December 2013. The full circular is alsoavailable to download from the Company's website at www.kefi-minerals.com Admission of Shares Following use of the secured loan facility as detailed in the announcement of11 December the number of Consideration Shares issued and allotted has beenreduced to 107,081,158. Application has been made for such ConsiderationShares together with the 225,000,000 Placing Shares to be admitted to tradingon AIM on 30 December 2013 Enquiries KEFI MineralsJeff Rayner +90 533 928 1913 Fox-Davies CapitalSimon Leathers +44 203 463 5010 Bishopsgate CommunicationsNick Rome/Anna Michniewicz +44 20 7562 3395