Kazax Provides Update on Lomonosovskoye Project

Kazax Minerals Inc. ("Kazax" or the "Company") (TSX VENTURE:KZX) Further to its
news releases of February 19, 2013, April 30, 2013 and May 30, 2013 announcing
the acquisition (the "Acquisition") of a 75% interest in the Lomonosovskoye
Limited Liability Partnership (the "LP") from Safin Element GmbH ("Safin"), the
Company advises that it is actively engaged in discussions with Safin to secure
an extension of the June 30, 2013 second installment quarterly cash payments
totalling $6,205,204 due in connection with the Acquisition. 


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.


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

David Savage, President & CEO

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.


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 equipment and crew
availability, and 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, commodities pricing and
assumptions, projections concerning estimated mineral resources, the business of
the Company may suffer as a result of uncertainty surrounding the commodities
markets; the ability to maintain existing mining leases and rights and the
ability obtain new mining leases, rights and permits; governmental and
regulatory approvals, the Company's ability to continue to execute its growth
strategies; the Company's ability to secure additional financing; the Company
may be adversely affected by other economic, business, and/or competitive
factors and general 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Kazax Minerals Inc.
604 398 5380
[e-mail]
www.kazaxmineralsinc.com


Kazax Minerals Inc.
[e-mail]