KZX

Kazax Minerals Inc. ("Kazax" or the "Company") (TSX VENTURE:KZX) is pleased to
announce the appointment of Trevor Campbell Smith as Chief Executive Officer and
President of the Company. Mr. Campbell Smith is a principal of Tranmar (UK)
Ltd., a metals trading company based in the UK with a particular focus on the
trading of iron ore. Mr. Campbell Smith is a graduate of Cambridge University, a
Fellow of the Institute of Directors in the United Kingdom, and was previously
Chairman of Stemcor (UK) Limited and a member of the main board of Stemcor
Limited. 


Mr. Campbell Smith stated that: "The Lomonosovskoye project represents a
tremendous opportunity for the Company. I am very pleased to have the confidence
of the Board to move this project forward." 


The Company is also pleased to announce a change in its Board of Directors,
whereby Mr. Riad Al Sadik has accepted the appointment as Chairman of the
Company with immediate effect; the current Chairman Mr. Dan Kunz has stepped
down from that role but will continue as a member of the board of directors. 


Mr. Sadik was born in Deir El Kasi, Palestine in 1943. Mr. Sadik has a degree of
Civil Engineering from the American University of Beirut and started his career
in Saudi Arabia with the Ministry of Transportation. In 1970, with Khalaf
Habtoor, he established Al Habtoor Engineering Enterprises, which, in 2007
merged with the Leighton Group to form the Habtoor Leighton Group of which Mr
Riad Sadik is Chairman. Today, Mr. Sadik is involved in the hotel, construction,
machinery and stone works businesses. He also sits on the Board of Trustees of
the Institute for Palestine Studies and the Board of Trustees of the American
University of Sharjah. 


Mr. Sadik stated: "In Trevor, we have the confidence to move forward to complete
our Bankable Feasibility Study and propose a development strategy for the
Lomonosovskoye project that will lend benefits to all shareholders and other
stakeholders." 


Mr. David Savage has resigned his position as Chief Executive Officer and
President of the Company. The Board would like to thank Mr. Savage for the
contributions he has made. Mr. Savage will continue to serve as a director of
the Company.  


Kazax further announces the granting of incentive stock options to Mr. Campbell
Smith to purchase up to 4,000,000 common shares in its capital stock at a price
of $0.145 per share, subject to receipt of approval from the Ministry of
Industry and New Technologies of Kazakhstan. The options vest quarterly over
nine months and are exercisable until July 13, 2014. 


Update on Lomonosovskoye Project 

Further to the Company's news release of July 10, 2013, the Company is pleased
to announce that it has entered into a formal amending agreement with Safin
Element GmbH ("Safin"), the vendor of the Company's 74.99 per cent interest in
the Lomonosovskoye LLP (the "LP"), for the rescheduling of the outstanding
consideration due to Safin, which will enable Kazax to focus its financial
resources during the rest of 2013 primarily on its development work on the
Lomonosovskoye project, including the 2013 drilling programme. 


The remaining cash consideration due to Safin is scheduled to be paid as follows:



--  by 30 September 2013, US$ 2,300,000 
--  by 15 January 2014, US$ 12,930,480 
--  by 31 March 2014, US$ 3,807,620 
--  by 30 June 2014, US$ 3,807,620 
--  by 30 September 2014, US$ 3,807,620 
--  by 31 December 2014, US$ 3,807,620



The outstanding deferred consideration shares also due to Safin, to a value of
US$ 3,570,000, will be issued as soon as possible, subject to all Kazakhstan
governmental consents and waivers being first obtained. 


The above payments are stated before deduction of capital gains tax of US$
5,640,144 which the Company is required under Kazakh law to retain and pay over
to the Kazakh tax authorities.  


As previously disclosed, the LP holds unrestricted exploration and production
rights to the Lomonosovskoye iron project located in Kostanay Oblast,
Kazakhstan, pursuant to a subsoil use contract between the LP and the Ministry
of Industry and New Technologies of Kazakhstan. Safin will continue to hold a
0.01% interest in the LP. 


About the Company 

Kazax Minerals Inc. is a mining exploration and development company focusing on
iron. Other world-wide target acquisitions are being sought. Kazax aims to be a
significant mid-tier international mine exploration and development company in
the iron sector. For additional information readers are invited to review
additional corporate and property information available on SEDAR at
www.sedar.com.


ON BEHALF OF THE BOARD 

Trevor Campbell Smith, President & CEO

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking
information within the meaning of applicable securities laws. The use of any of
the words "expect", "anticipate", "continue", "estimate", "objective",
"ongoing", "may", "will", "project", "should", "schedule", "believe", "plans",
"intends" and similar expressions are intended to identify forward-looking
information or statements. More particularly and without limitation, this news
release contains forward looking statements and information concerning the
Company s future operations and prospects. The forward-looking statements and
information are based on certain key expectations and assumptions made by the
Company, including expectations and assumptions concerning the Company's ability
to make the consideration payments as required, equipment and crew availability,
and joint venture partner financial capability. Although the Company believes
that the expectations and assumptions on which such forward-looking statements
and information are based are reasonable, undue reliance should not be placed on
the forward looking statements and information because the Company can give no
assurance that they will prove to be correct. By its nature, such
forward-looking information is subject to various risks and uncertainties, which
could cause the Company's actual results and experience to differ materially
from the anticipated results or expectations expressed. These risks and
uncertainties include, but are not limited to, the Company's ability to make the
consideration payments as required, reservoir performance, labour, equipment and
material costs, access to capital markets, interest and currency exchange rates,
and political and economic conditions. Additional information on these and other
factors is available in continuous disclosure materials filed by the Company
with Canadian securities regulators. Readers are cautioned not to place undue
reliance on this forward-looking information, which is given as of the date it
is expressed in this news release or otherwise, and to not use future-oriented
information or financial outlooks for anything other than their intended
purpose. The Company undertakes no obligation to update publicly or revise any
forward-looking information, whether as a result of new information, future
events or otherwise, except as required by law. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Kazax Minerals Inc.
604 398 5380
info@kazaxmineralsinc.com


CHF Investor Relations
Jeremy Hill
416 868 1079 x238
jeremy@chfir.com

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