Amendment to Option Agreements

AIM: KEFI 19th December 2012 KEFI Minerals Plc ("KEFI Minerals" or the "Company") AMENDMENT TO OPTION AGREEMENTS KEFI Minerals, the AIM-quoted gold and copper exploration company with projects in the Kingdom of Saudi Arabia, today announces that certain option agreements (relating to options over Ordinary Shares granted to Directors), dated 18 December 2006 ("Option Agreements"), have been amended. The option exercise price has been revised upwards from 3p per share to 4p per share, the expiry date extended until 18 December 2014 and the number of options increased from an aggregate of 12 million to 14 million as set out in the table below. No other changes have been made to the Option Agreements. The following Directors are parties to the amended Option Agreements and have had the number of options granted to them pursuant to such Option Agreements increased as set out below: Name Position Increase in the number of ordinary Shares subject to Option (`000) Harry Anagnostaras-Adams Chairman From 4,000,000 to 4,500,000 Ian Plimer Non-executive Director From 2,000,000 to 2,417,000 Jeff Rayner Managing Director From 5,000,000 to 5,833,000 John Leach Finance Director From 1,000,000 to 1,250,000 Total From 12,000,000 to 14,000,000 -Ends- Enquiries: KEFI Minerals Jeffrey Rayner +90 533 928 1913 Fox-Davies Capital Simon Leathers +44 203 463 5010 Bishopsgate Communications Nick Rome +44 20 7562 3395 Further information on KEFI Minerals is available at www.kefi-minerals.com KEFI Minerals Plc Doğu Akdeniz Mineralleri San. Tic. Ltd. Şti. Cemal Gürsel Cad. Yalı Apt. No:304 K:4 D:9 Karşıyaka İZMİR Tel: +90 232 381 9431 Fax: +90 232 381 9071 Email: jnfo@kefi-minerals.com