KZX

Kazax Minerals Inc. ("Kazax" or the "Company") (TSX VENTURE:KZX) is pleased to
provide an update on its current exploration drilling programme at the
Lomonosovskoye iron project located in Kostanay Oblast, Kazakhstan. 


The work, which commenced in September 2013, has successfully completed 9,141
metres of a planned 10,360 metre programme. Of the completed drilling, over
1,200 samples of drill core have been delivered to an independent lab - ALS at
Ust-Kamenogorsk, in Kazakhstan. Assay results are expected by May 2013.


As a result of further data processing of soviet era information, which was
located in 2013 through government library information services and previously
unknown to the Company, the Company plans to extend its drilling programme into
2014 with a further 11 exploration holes - 6 holes within the envelope of two
adjacent projected pits and 5 holes outside this boundary, targeting magnetic
anomalies and the presence of copper and zinc mineralisation. Out of the 6 holes
to be drilled within the pit boundary, 5 are targeting a zone between the two
pits previously thought to be potentially barren. The historic soviet data
demonstrates interesting mineralization and magnetic anomalies lying between
these two areas. This could positively influence pit design work being conducted
as part of the Bankable Feasibility Study ("BFS") process. The examination of
this historical information has been running concurrently with the drilling
programme. 


The Company benefits from the availability of historic drilling information
linked to the soviet era. This comprises 412 boreholes drilled between 1956 and
1982, totalling 131,441 m. The results of this historic data are still being
reviewed. The Company already sent to ALS lab in Ust-Kamenogorsk over 800 powder
samples not previously tested as part of this review.


The Company currently anticipates completion of the initial drill programme by
March 2014 and the extended drill programme by May 2014. The Company expects to
produce a revised technical report in compliance with National Instrument 43-101
upon announcing the results from this drill programme.


The Company continues to advance work towards the completion of its BFS,
including detailed infrastructure and cost model improvements. 


The technical information provided in this news release was reviewed and
approved by Dr. Juan Camus, the project's country manager and a qualified person
for the purposes of National Instrument 43-101.


For further 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.


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 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, 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Kazax Minerals Inc.
+7 7172 99 05 49
info@kazaxmineralsinc.com
www.kazaxmineralsinc.com

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