AIM: KEFI 24 December 2009
KEFI Minerals, the AIM-quoted gold and copper exploration company with projects in Turkey and the Kingdom of Saudi Arabia, is pleased to announce that it has finalised a joint venture agreement with TSX-listed Centerra Gold Inc.

("Centerra") in respect of the 100%-owned Bakir Tepe Project in southwestern Turkey.


As outlined in a KEFI Minerals announcement on 10 November 2009, the key terms of the joint venture are as follows:
> Centerra earns a 51% interest in the Bakir Tepe Project upon contributing US$750,000 to the joint venture over 2 years with a minimum expenditure of US$350,000 in the first year; > Once Centerra has earned its 51% interest, each party shall fund their respective percentage interests subject to dilution for non-participation in such expenditure; > If either partys interest is diluted to less than 10%, that partys interest will automatically be converted to a 2.0% net smelter return royalty; and > KEFI Minerals will be the manager of the Project and Centerra has the right to become manager if they so elect and have met certain milestones.
Bakir Tepe Licences cover a 78 km2 area and are prospective for volcanic-hosted massive sulphide ("VHMS") polymetallic deposits.

A 900m drilling programme is planned to commence soon.
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 +44 207 936 5220 +44 161 832 2174 +44 20 7562 3350
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