KEFI MINERALS PLC - Grant of Share Options

London, September 14

The incentive share options expire six years from the date of grant and have an exercise price of four pence per share, representing a 10% premium over the weighted average share price on AIM over the five trading days prior to the date of grant.

The options granted to the Directors have been allocated to the as per the
table below.

Name               Position         Number of        Total           Total     
                                    incentive     beneficial      beneficial   
                                      share     holding (shares holding as % of
                                     options      & options)       Company's   
                                      issued    following this   fully-diluted 
                                                 notification    issued share  
                                      (`000)                        capital    
                                                    (`000)                     
                                                                               
Harry              Chairman               3,000          10,967           2.13%
Anagnostaras-Adams                                                             
                                                                               
Ian Plimer         Non-executive          2,500           7,750           1.51%
                   Director                                                    
                                                                               
Jeff Rayner        Managing               5,000          14,533           2.82%
                   Director                                                    
                                                                               
John Leach         Finance                1,500           4,500            .87%
                   Director                                                    
                                                                               
                   Total                 12,000                                

In addition to the options granted to the Directors, options over a further 3.5 million ordinary shares have been granted to a Senior Management of the Company.

The Company now has an aggregate of 45.7 million options and warrants on issue of which 41.3 million have been granted to the Directors and members of management. These incentive options represent 8 % of fully-diluted shares on issue and 8.8% of ordinary shares on issue.

KEFI Minerals Chairman Harry Anagnostaras-Adams said,

"The incentive share option program is an integral part of the Company's
programme for attracting and retaining the highest quality of personnel -
especially important during the early, formative years of organisation's
development."

Enquiries

KEFI Minerals plc                       +90 533 928 19 13                      
Jeffrey Rayner                                                                 
                                                                               
Fox-Davies Capital                      +44 203 463 5022                       
Simon Leathers                                                                 
                                                                               
Bishopsgate Communications              +44 207 562 3366                       
Nick Rome                                                                      

Further information on KEFI Minerals is available at www.kefi-minerals.com and the Company's AIM code is "KEFI".

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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