KEFI MINERALS PLC - Result of AGM

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PR Newswire

London, June 29

                                                                   29 June 2012

                              KEFI Minerals Plc.                               

                      ("KEFI Minerals" or the "Company")                       

                       Result of Annual General Meeting                        

                                      And                                      

                             Chairman's Statement

KEFI Minerals Plc., an AIM-quoted gold and copper exploration company with projects in the Kingdom of Saudi Arabia, announces that all resolutions proposed at the Annual General Meeting (the "AGM") held earlier today at 11.00 am were duly passed by the members.

The presentation made by the Managing Director Jeff Rayner at today's AGM is now available on the Company's website.

At the AGM today Chairman Harry Anagnostaras-Adams made the following statement:

"Welcome to the 2012 Annual General Meeting of KEFI Minerals.

"I am Harry Anagnostaras-Adams the Chairman of KEFI Minerals and accompanying me are Jeff Rayner the Managing Director, and Finance Director John Leach. Deputy Chairman, Professor Ian Plimer, sends his apologies but is unable to attend today.

"KEFI Minerals is a small, dynamic company that has demonstrated ability to move quickly and become an early entrant in countries that are becoming attractive for mining investment and are suitably prospective. We are excited by the opportunities we see.

"KEFI Minerals has over the past year focused on the Kingdom of Saudi Arabia - establishing its land position, conducting early prospecting and launching exploration. The Company also continually evaluates other regional opportunities.

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Kefi Minerals

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"Recently, we were pleased that the first mineral Exploration Licences in Saudi Arabia were formally granted to the Company's Gold & Minerals ("G&M") Joint Venture with local industrial conglomerate Abdul Rahman Saad Al-Rashid & Sons Company Limited ("ARTAR"). We look forward to the processing in due course of our other 19 Exploration Licence Applications which are at various stages of regulatory processing.

"The Company has been recognised within the industry for its professional integrity, technical excellence and the quality of its projects. Our reputation has been built on treating safety, the environment and community relations as a priority at all times whilst of course excelling at exploration for economic mineral deposits.

"One beneficial consequence is that KEFI Minerals therefore has the opportunity to leverage its own human and financial resources by entering into tailored strategic alliances such as the alliances with EMED Mining and with ARTAR, both of whom provide support services to the Company, thus allowing the team to maximize its time in the field.

"EMED Mining is based in Europe with a large well-qualified technical team based at Rio Tinto in Spain and is owned primarily by a range of mining industry investment specialists, from Australia, Canada, South Africa, United States and the United Kingdom.

"The Kingdom of Saudi Arabia is an under-explored country with excellent potential for discovery of major gold and copper mines. This morning's announcements serve to reinforce our confidence in the merit of expanding our program in the Kingdom. One announcement marked that members of the Al Rashid Family who are three of the principals of ARTAR became shareholders today while the other reported surprisingly quick and encouraging results from early stage exploration at our newly granted exploration licences.

"Our exploration portfolio, combined with the very positive outlook for gold and other metal prices, provide an exciting opportunity to create exceptional value for shareholders. Lastly I would like to formally record the Board's appreciation for the support from shareholders and for the hard work and dedication of our management, led by Jeff Rayner - an inspiring explorer who leads from the front."


                                   --ENDS--

For further information please contact:

KEFI Minerals plc www.kefi-minerals.com

Jeffrey Rayner +90 533 928 19 13

Fox Davies Capital Limited

Simon Leathers +44 203 463 5010

Bishopsgate Communications

Nick Rome/Anna Michniewicz/Ivana Petkova +44 20 7562 3350

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