Mr. Trevor Smith reports

KAZAX NOW OWNS 99.99% INTEREST IN THE LOMONOSOVSKOYE PROJECT

Kazax Minerals Inc., following up on its news release dated Sept. 17, 2014, has received consent from the Ministry of Investments and Development of Kazakhstan (MID) for the acquisition of the 25-per-cent interest in the Lomonosovskoye project held by SEC Tobol JSC. Further to this consent, the transfer of the Tobol interest has now been completed. The interest in the Lomonosovskoye project is now held 99.99 per cent by Kazax (indirectly through its wholly owned subsidiary Kazco Beteiligungs GmBH) and 0.01 per cent by Safin Element GmbH.

For further information on Kazax and the Lomonosovskoye project, readers are referred to the company's website and to Canadian regulatory filings on SEDAR.