Thursday, Jun 13, 2013

LONDON--KEFI Minerals PLC (KEFI.LN), an AIM-quoted gold and copper exploration company with projects in the Kingdom of Saudi Arabia, Thursday announced additional trench channel sampling and drilling results from the second drilling program, and a significant new gold discovery at the Jibal Qutman License.

MAIN FACTS:

-KEFI is the operator for the project under the Company's 40%-owned Gold & Minerals Joint Venture.

-The new discovery at the 3K Hill gold prospect returned very encouraging trench channel sample results.

-Trench sampling intercepts included 80 meter at 1.88g/t gold or Au, 40 meters at 4.40g/t Au and 41 meters at 1.56g/t Au.

-Mapping and sampling elsewhere on the Jibal Qutman License returned rock chip results from a number of new areas, including 19.1g/t Au, 16.4g/t Au and 6.4g/t Au from an area 2km north of the 3K Hill prospect.

-Trenching and drilling over the Jibal Qutman License area is planned to continue in June 2013.

-KEFI shares closed Wednesday art 3.0 pence, valuing the company at GBP14.6 million.

-Write to Razak Musah Baba at razak.baba@dowjones.com

(END) Dow Jones Newswires

13-06-13 0635GMT