KZX

Kazax Minerals Inc. ("Kazax" or the "Company") (TSX VENTURE:KZX) announces as a
follow-up to its news releases dated February 19, 2013, April 30, 2013 and May
30, 2013 that it has completed the third and final tranche share payment due to
Safin Element GmbH ("Safin") under the terms of the Company's acquisition (the
"Acquisition") of a 74.99% interest in the Lomonosovskoye Limited Liability
Partnership (the "LomoLP"). In connection with the Acquisition, the Company has
issued an additional 39,270,000 common shares to Safin at a deemed price of
CDN$0.10 per share (the "Third Instalment Consideration Shares"). 


As previously disclosed, the LomoLP holds unrestricted exploration and
production rights to the Lomonosovskoye iron deposit located in Kostanay Oblast
Kazakhstan pursuant to a subsoil use contract between the LomoLP and the
Ministry of Industry and New Technologies of Kazakhstan.


To date, the Company has issued an aggregate of 75,432,971 common shares to
Safin and completed cash payments to Safin totalling US$8,933,784 (before
payment of Capital Gains Tax), in accordance with the terms of the Acquisition
share purchase agreement (the "SPA"). 


The Third Installment Consideration Shares issued to Safin are subject to resale
restrictions until June 5, 2014. In addition, under the terms of the SPA, the
parties have agreed to certain additional contractual hold periods, such that
two tranches (consisting of 25% of the Third Installment Consideration Shares
each) will have an additional hold period expiring 18 and 24 months from the
original closing date under the SPA of February 15, 2013, respectively.


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

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.
+7 7172 99 05 49
info@kazaxmineralsinc.com
www.kazaxmineralsinc.com

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