Statement re Share Price Movement

6 Oct 2010 13:11

KEFI Minerals plc ("KEFI" or the "Company") MOVEMENT IN SHARE PRICE

KEFI notes the recent movement in its share price and confirms that it is in process of undertaking a placing to raise up to £625,000 through the issue of 50,000,000 ordinary shares at a price of 1.25p each.

A further announcement will be made as soon as appropriate.

For further information contact:

Jeffrey Rayner, KEFI Minerals plc Tel: +90 53 6963 0111 Katy Mitchell, W.H. Ireland Ltd. Tel: +44 (0) 161 832 6644 Jason Robertson, Optiva Securities Tel: +44 (0) 203 137 1906 Limited

Jeremy King, Optiva Securities Limited Tel: +44 (0) 203 137 1904