Psephellus yusufeliensis O. Tugay & Uysal sp. nov. (Asteraceae) from Yusufeli (B7 Artvin-Turkey) is described and illustrated. It is closely related to P. aucheriana (DC) Wagenitz & F. H. Hellw. Diagnostic morphological characters are provided and the relationship to other Psephellus species in Turkey is discussed. The geographical distribution of the new species and other related species are mapped. Notes are also presented on the ecology, biogeography and conservation status of the new species.