Exploration Update Saudi Arabia: Jibal Qutman Project

KEFI Minerals (AIM: KEFI), the gold exploration and development company with projects in the Kingdom of Saudi Arabia and the Democratic Republic of Ethiopia, is pleased to announce an exploration update with additional drill hole results from the Jibal Qutman gold project in Saudi Arabia, where KEFI Minerals is the operator of the project under the Company’s 40%-owned Gold & Minerals Limited (“G&M”) joint venture.

Highlights

• Ongoing drilling continues to intercept strong gold mineralisation at Jibal Qutman’s South Zone and 4K Hill, with the best results including 17m at 3.72g/t Au, 8m at 3.22g/t Au (including 3.0m at 7.21g/t Au), 13m at 2.27g/t Au and 22m at 2.51g/t Au. Drilling under shallow sand cover has extended mineralisation 450m further south from the South Zone drilling as reported in the March 2014 Mineral Resource update. This new mineralised zone remains open along strike to the south.