Artvin Joint Venture

AIM: KEFI 15 July 2010 KEFI Minerals Plc ("KEFI Minerals" or the "Company") ARTVIN JOINT VENTURE, TURKEY KEFI Minerals, an AIM-quoted gold and copper exploration company with projects in Turkey and the Kingdom of Saudi Arabia, announces that Centerra Gold Inc. ("Centerra") has advised the Company of its intention to withdraw from the Artvin Joint Venture. The Artvin Joint Venture was formed in 2008 and Centerra was earning into the joint venture by funding drilling programmes and other exploration expenditure since that time. Full ownership of the Artvin Project will revert to KEFI Minerals. The Artvin Project is located in the Eastern Pontide Belt in northeastern Turkey and comprises 15 tenements, which cover approximately 254km2. KEFI Minerals' Managing Director, Jeff Rayner, commented that: "The joint venture with Centerra enabled KEFI Minerals to continue exploring Artvin in a manner that reduced the cost and risk for our shareholders. The relationship with Centerra is currently focused on the Bakir Tepe joint venture and seeking other joint venture exploration opportunities in Turkey. We are continuing to develop our understanding and evaluate the potential of the Artvin Project prior to committing to another drilling programme." Enquiries KEFI Minerals Fox-Davies Capital WH Ireland Bishopsgate Communications Jeffrey Rayner Oliver Stansfield Katy Mitchell Nick Rome Michael Kinirons +90 533 928 19 13 +44 207936 5220 +44 161 832 2174 +44 20 7562 3350 www.kefi-minerals.com About KEFI Minerals KEFI Minerals commenced trading on AIM in December 2006 and was formed with the aim of creating shareholder value through the discovery and exploitation of gold and copper deposits. In Turkey, KEFI Minerals currently has the following exploration projects: 1. At Derinin Tepe in the Western Anatolia Region, low-sulphidation epithermal quartz veins have been identified with gold and silver mineralisation. 2. At Artvin, in northeastern Turkey, extensive hydrothermal alteration and gold and base metal mineralisation have been recognised in the project area, as well as historical workings indicating potential for economic mineralisation. 3. Bakir Tepe, in southwestern Turkey, is prospective for VHMS polymetallic deposits. High-grade gold and copper crop out on the peripheries of a shallowly buried geophysical chargeability anomaly. Bakir Tepe is a joint venture managed by KEFI Minerals and funded by Centerra Gold Inc. 4. At Gumushane in eastern Turkey, areas of extensive hydrothermal alteration have been recognised in the project area, as well as coincident areas of interest identified through interpretation of Aster data. 5. Hasancelebi, in central Turkey, is prospective for high-sulphidation epithermal gold mineralisation and Iron-Oxide Copper-Gold ("IOCG") mineralisation. 6. Muratdag, in the Western Anatolia Region, is prospective for Carlin-style epithermal gold mineralisation. In the Kingdom of Saudi Arabia, KEFI Minerals has a minerals exploration joint venture with leading Saudi construction and investment group Abdul Rahman Saad Al-Rashid & Sons Company Limited ("ARTAR"). KEFI Minerals is the operating partner with a 40% interest and the joint venture's primary target is the discovery and development of a >1 million ounce gold deposit in the under-explored Precambrian Shield in Saudi Arabia. KEFI Minerals' Board of Directors is comprised of Mr. Harry Anagnostaras-Adams (Chairman), Mr. Jeffrey Rayner (Managing Director), Professor Ian Plimer (Deputy Chairman) and John Leach (Finance Director). Further information on KEFI Minerals is available at www.kefi-minerals.com and the Company's AIM code is "KEFI". -Ends-