Kazax Minerals Inc.

TSX VENTURE : KZX


Kazax Minerals Inc.

January 15, 2014 13:43 ET

Kazax Provides Update on Lomonosovskoye Project

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 15, 2014) - Kazax Minerals Inc. ("Kazax" or the "Company") (TSX VENTURE:KZX) announces it is in discussions with Safin Element GmbH ("Safin") to reschedule the various cash payments remaining in connection with the terms of the acquisition of a 74.99% interest in the Lomonosovskoye Limited Liability Partnership from Safin (the "Acquisition"). Under the current terms of the Acquisition, the Company is due to make a payment to Safin of US$10,410,408 on January 15, 2014.

The Company will provide a further news release on the discussions with Safin in due course.

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.

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