AIM: KEFI 14 April 2010 KEFI Minerals, a gold and copper exploration company with projects in Turkey and the Kingdom of Saudi Arabia, is pleased to provide an update on its activities in the Kingdom of Saudi Arabia. Highlights > KEFI Minerals is continuing to progress development opportunities with nearly a third of current portfolio at advanced stages of licence applications > A total of 21 Exploration Licence Applications ("ELAs") have been lodged which cover ~2,100km2.

> All of the ELAs contain historic workings for gold and/or copper, some contain visible gold in quartz veins. > In addition to progressing existing applications, reconnaissance and generative studies to identify other areas of interest within Saudi Arabia continue.

> The primary target in Saudi Arabia is the discovery and development of a >1 million ounce gold deposits. The Company continues to advance its Saudi Arabia operations, which commenced in 2008.

The focus remains on the Precambrian Arabian Shield and the joint venture with Abdul Rahman Saad Al-Rashid & Sons Company Limited ("ARTAR"), a leading Saudi construction and investment group.

The JV Operating Company, Gold and Minerals ("G&M"), formerly named GEMCO, is in the final stages of being incorporated in Riyadh, Saudi Arabia.

KEFI Minerals is the operating partner with a 40% interest.

ARTAR holds the remaining 60%.

G&M has lodged a total of 21 Exploration Licence Applications ("ELAs") covering an area of approximately 2,100km2 following approval from the Deputy Ministry for Mineral Resources ("DMMR") to conduct country-wide field reconnaissance through the issue of a Reconnaissance Licence., The ELAs submitted by G&M are in various stages of being processed by the DMMR, which has completed site visits at six of the 21 ELAs to date.

Some of the applications lodged by G&M are at an advanced stage of the process and are expected to be granted soon. ...this announcement continues.

View the entire announcement by clicking here.
Thank you for your interest in KEFI Minerals.

Visit www.kefi-minerals.com for further information. If you wish to unsubscribe from this list, simply reply with "Unsubscribe" in the subject line.