KZX

Kazax Minerals Inc. ("Kazax" or the "Company") (TSX VENTURE:KZX) Further to the
Company's news release of July 7, 2014, the Company is pleased to announce it
has closed its previously announced non-brokered private placement (the "Private
Placement") of convertible unsecured non-interest bearing debentures (the
"Debentures") for aggregate proceeds of C$3,200,000 (the "Aggregate Proceeds").
The Private Placement is subject to final approval by the TSX Venture Exchange. 


The Debentures will mature on and become payable on July 14, 2017 (the "Maturity
Date") and are direct, unsecured obligations of the Company, ranking equally
with all other unsecured indebtedness of the Company. Upon receipt of (i) all
necessary approvals from the Kazakh Ministry of Industry and New Technologies;
and (ii) approval by the requisite majority of shareholders of the Company on or
before the Maturity Date for the Debentures, the principal amount of the
Debentures will automatically be converted into units of the Company (the
"Units"); provided, however, (iii) that the Debentures will only be converted
into Units where such conversion would not result in a reduction in the existing
percentage of common shares of the Company held by persons other than insiders
or their associates and affiliates and not subject to resale restrictions.


The conversion of the Debentures into Units shall be at a conversion price of:
(i) $0.05 per Unit if conversion occurs within the first year of issuance; and
(ii) $0.10 per Unit if conversion occurs within the following two years. 


Each Unit will be comprised of one common share (a "Share") of the Company and
one-half of one share purchase warrant, with each whole warrant (a "Warrant")
exercisable to purchase one additional common share of the Company (a "Warrant
Share") until July 14, 2017 at an exercise price of $0.10. In the event that the
closing price of the common shares of the Company on the Exchange is equal to or
exceeds $1.00 for a period of 10 consecutive trading days (the "Acceleration
Event"), the Warrants will expire on the date which is 90 calendar days after
the Company provides notice that the Acceleration Event has occurred.


The Debentures, and any Shares, Warrants and Warrant Shares issued upon
conversion of the Debentures or exercise of the Warrants, will be subject to a
hold period expiring November 15, 2014. 


The proceeds of the Private Placement will be used for general working capital
purposes.


Under the Private Placement, Mr. Moshtagh Moshtaghi, of 21 Manor House Drive,
London England, acquired ownership of Debentures in the principal amount of
$1,600,000 (representing 50% of the Debentures issued pursuant to the Private
Placement). Mr. Moshtaghi currently owns or exercises control or direction over
28,000,000 common shares of the Company, representing 12.8% of the issued and
outstanding common shares of the Company on an undiluted basis (189,074,280
common shares representing 33.2%, assuming conversion of the Debentures,
exercise of the Warrants, conversion of the convertible debentures issued on
September 26, 2013 ("2013 Debentures"), conversion of the convertible debentures
issued on April 25, 2014 ("April 2014 Debentures") and exercise, by Mr.
Moshtaghi and Mr. Al Sadek, of the warrants issuable upon conversion of the 2013
Debentures ("2013 Warrants") and of the warrants issuable upon conversion of the
April 2014 Debentures ("April 2014 Warrants").


Under the Private Placement, Mr. Riad Al Sadek, of Villa No. E162, Emirates
Hills, Dubai, UAE, acquired ownership of Debentures in the principal amount of
$1,600,000 (representing 50% of the Debentures issued pursuant to the Private
Placement). Mr. Al Sadek currently owns or exercises control or direction over
28,000,000 common shares of the Company, representing 12.8% of the issued and
outstanding shares of the Company on an undiluted basis (189,074,280 common
shares representing 33.2%, assuming conversion of the Debentures, exercise of
the Warrants, conversion of the 2013 Debentures, conversion of the April 2014
Debentures and exercise, by Mr. Moshtaghi and Mr. Al Sadek, of the 2013 Warrants
and of the April 2014 Warrants).


The Debentures were acquired by Mr. Moshtaghi and Mr. Al Sadek for investment
purposes. Mr. Moshtaghi and Mr. Al Sadek may increase or decrease their
respective beneficial ownership of the Company's securities depending on future
economic or market conditions and personal circumstances.


A copy of the early warning report required to be filed with the applicable
securities commissions in connection with this acquisition will be available for
viewing at www.sedar.com. In addition, a copy of the early warning report can be
obtained by contacting Erin Walmesley, Corporate Secretary of Kazax Minerals
Inc., at 604-369-6330. 


For further information on Kazax, readers are invited to review additional
corporate and property information available on the Company's website
(www.kazaxmineralsinc.com) and to Canadian regulatory filings 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. 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@kazaxminealsinc.com
www.kazaxmineralsinc.com

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