Kefi Gold Regulatory News (KEFI)

London, UK, 21 August, 2015

Edison initiates coverage on KEFI Minerals

Edison Investment Research, a leading international investment research firm, announces the initiation of full coverage of KEFI Minerals

Highlights of the analysis on KEFI Minerals by Edison's mining analyst Charles Gibson include:

KEFI Minerals is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield - principally the 95%-owned Tulu Kapi project in Ethiopia and, to a lesser extent, the 40%-owned Jibal Qutman project in Saudi Arabia.

KEFI acquired Tulu Kapi in western Ethiopia for US$9.7m, or an average of US$5.14 per contemporary resource ounce. By subsequently reinterpreting the ore body in the light of new data, it has been able to devise a mine plan that extracts essentially the same quantity of metal by mining only half the tonnage of rock. As a consequence, upfront capital expenditure has been halved and the economics of the project transformed.

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For more information please contact:

Charles Gibson Edison Investment Research  +44 (0)20 3077 5724

mining@edisongroup.com

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