AIM: EMED                                                                                                     13 November 2006

Kefi Minerals Plc

("Kefi" or "the Company")

Proposal to Admit to AIM in December 2006

EMED Mining Public Limited ("EMED", formerly Eastern Mediterranean Resources Public Limited) announces that Kefi, the holding company formed by EMED to manage its assets in Turkey and Bulgaria, will seek admission to AIM in December 2006.  WH Ireland Limited will act as Nominated Adviser and Broker to the Company.

Highlights

         Formed by EMED and Starvest Plc ("Starvest") to focus on the discovery of economic mineral deposits in Turkey and Bulgaria

         Strong and experienced  Board and Management team

         Attractive exploration properties and a proprietary database

         Initial interests include tenements in established mineralised districts:

• Turkey's Artvin District with similarities to the Madneuli District in nearby Georgia which has hosted major base and precious metal mines
• Turkey's Gumushane District which has been identified as prospective for precious metals based on field prospecting including low-detection geochemistry
• Bulgaria's Lehovo tenement where reported economic mineralization warrants verification and further testing.

EMED currently has a 71% interest in Kefi and intends to retain a significant stake in the Company. Starvest, an AIM-quoted natural resources investment fund, holds 24% and Kefi Directors and management hold 5%. Kefi's admission to AIM is conditional upon a placing of new Kefi shares raising up to £1.5 million. Existing Kefi shareholders have indicated their intention to participate. EMED has also committed its technical support and mining expertise to Kefi.  

Mr Jeffrey Rayner, EMED's Head of Exploration in Eastern Europe has been appointed Kefi's Managing Director. The Board will also include Mr Harry Anagnostaras-Adams (EMED's Managing Director) as Non-Executive Chairman, Professor Ian Plimer, mining company director and geologist of international repute and Mr John Leach, an experienced resources company director.

Commenting on the imminent flotation of Kefi, Mr Anagnostaras-Adams said: "Kefi has the benefits of a strong Board and Management team, EMED's existing skill base and the financial backing of Starvest."

-Ends-

Enquiries

 Notes to editors

About Kefi Minerals Plc

• Kefi resulted from the work conducted over the past two years by EMED's project-generative teams in and around Turkey and Bulgaria. Its formation as a stand-alone entity was triggered when sufficient critical mass had been established in assets and opportunities.
• Kefi will focus primarily on Turkey which has emerged as a minerals industry location of intensified activity. Siginficant discoveries have been made and many mining and exploration companies are now investing in Turkey.
• To become a leading discoverer of mineral deposits in Turkey and Bulgaria, Kefi has been designed with certain competitive advantages:
  • It will have a well-qualified and incentivised team with a record of discovery
  • The team is led by a Managing Director with a record of discovery, who moved from a major mining house to Eastern Europe seven years ago because he recognized the potential to create shareholder wealth in its minerals industry. Jeffrey Rayner led the exploration team that brought Gold Mines of Sardinia into production and has, more recently, made an immediate contribution to EMED where he led the team that made a gold discovery in Slovakia in EMED's first drilling season in that country
  • Kefi will have the support of EMED's systems and teams as appropriate. This is expected to bring to Kefi advantages in both efficiency and cost. It is notable that EMED has the largest exploration team in Georgia and that team identified North East Turkey's Artvin District for Kefi's tenement acquisitions
  • Kefi will have a proprietary database which summarises the field work in over 100 Turkish locations conducted over some years by a highly experienced exploration team including Kefi Deputy Chairman Professor Ian Plimer, Mr Gavin Thomas (now Managing Director of Kingsgate Consolidated Ltd) and Mr John Nethery (now Managing Director of Nedex Pty Ltd). All are exploration geologists of international repute with a track-record between them of international discovery, notably at the world class +20 million ounce Lihir Gold Mine now in operation in Papua New Guinea. The mineralised belts of Turkey have analogies with those of the Pacific Rim. This team also includes Professor Omer Akinci who has also consulted for international mining companies in Turkey.

Kefi has been "in the making" for some time. Its focus, its cost-effective structure and its relationship with EMED will give it quantifiable strengths. The formal agreements setting out the relationships between Kefi and EMED include non-compete provisions.

About EMED Mining Public Limited

EMED listed on AIM in May 2005 following an initial public offering of its shares. The company is headquartered in Cyprus and has a strong commitment to the region.

The Group's region of interest is the Mesozoic to Tertiary age tectonic belt that winds over 3,000km from Eastern Europe to Iran. The strategy is to rapidly evaluate exploration opportunities in several jurisdictions throughout this quality mineral belt with a high rate of project turnover.

EMED has now established a strong position in the following zones within its area of interest:

         Cyprus/Middle East exploration is centred on the Troodos ophiolite complex. The targeted mineralisation style is volcanic-hosted massive sulphide copper deposits under shallow cover, similar to the larger Cyprus copper mines - three of which exceeded 10 million tonnes of ore, at grades between 1% and 4.5%. EMED is undertaking a preliminary feasibility study on mining copper-zinc resources in the Klirou District.

         Eastern Europe exploration areas are centred on a cluster of volcanic centres in Slovakia and Romania. Low-detection geochemical methods are being applied to these areas for the first time together with open pit bulk mining concepts.  The targeted mineralisation styles are high-grade epithermal gold, or bulk-mineable epithermal gold and porphyry copper-gold. The company announced on 23 October 2006 a gold discovery in Slovakia.

         Caucasus exploration areas, and options over additional prospects, form a cluster of gold prospects centred in Georgia. EMED Mining's main prospects are within the Upper Racha Licence with reserves and resources (Russian classification) of 2.4 million ounces of gold. A field program is in progress and a progress report will issue as results are assembled and interpreted.

         Turkey/Bulgaria exploration areas being transferred into 71% owned Kefi Minerals Plc which is to be listed within 12 months. Kefi holds, via its Turkish and Bulgarian subsidiaries, two clusters of tenements in Turkey and the Lehovo tenement in Bulgaria, along with an extensive proprietary database.

For further information on the Company's activities, visit www.emed-mining.com or www.emed.tv

About Starvest Plc

Starvest plc under the leadership of Bruce Rowan, Chairman and CEO, invests in small businesses.  Most are pre IPO opportunities with a commitment to support the company at the public offering and sometimes beyond.  Since January 2002, Starvest has supported twenty-four companies of which eighteen are in the natural resources sector exploring for a variety of minerals in all parts of the world.  Starvest is a committed medium term investor.  Starvest ordinary shares are AIM-quoted ( AIM:SVE).

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