KZX

KazaX Minerals Inc. (the "Company") (TSX VENTURE:KZX) - On March 15, 2012, Mr.
Riad Tawfiq Mahmood Al Sadek completed the acquisition of 14,000,000 common
shares of the Company at a price of $0.20 per share (the "Shares") for an
aggregate purchase price of $2,800,000. Mr. Al Sadek also acquired 14,000,000
subscription receipts of the Company issued at a price of $0.20 per subscription
receipt (the "Subscription Receipts"). The Shares and the Subscription Receipts
were acquired by Mr. Al Sadek in a private placement transaction of the Company
that closed on March 15, 2012 (the "Financing"). Mr. Al Sadek's 14,000,000
Subscription Receipts automatically converted into 14,000,000 Shares on July 16,
2012. With the acquisition of the Shares and the conversion of 14,000,000
Subscription Receipts, Mr. Al Sadek owns or exercises control or direction over
28,000,000 Shares representing 20.26% of the Company's issued and outstanding
Shares on an undiluted basis (19.60% on a fully diluted basis).


In the Financing Mr. Moshtagh Moshtaghi completed the acquisition of 14,000,000
Shares at a price of $0.20 per Share for an aggregate purchase price of
$2,800,000 and 14,000,000 Subscription Receipts issued at a price of $0.20 per
Subscription Receipt. All of the Subscription Receipts held by Mr. Moshtaghi
automatically converted into 14,000,000 Shares on July 16, 2012. With the
acquisition of the Shares and the conversion of 14,000,000 Subscription
Receipts, Mr. Moshtaghi owns or exercises control or direction over 28,000,000
Shares representing 20.26% of the Company's issued and outstanding Shares on an
undiluted basis (19.60% on a fully diluted basis).


Maxsteel Industry LLC. ("Maxsteel") acquired 7,750,000 Subscription Receipts in
the Financing which automatically converted into 7,750,000 Shares on July 16,
2012. With the conversion of 7,750,000 Subscription Receipts, Maxsteel owns or
exercises control or direction over 16,022,000 Shares representing 11.59% of the
Company's issued and outstanding Shares on an undiluted basis (11.22% on a fully
diluted basis).


Mr. Tareq Damerji acquired 7,675,000 Subscription Receipts in the Financing
which automatically converted into 7,675,000 Shares on July 16, 2012. With the
conversion of 7,675,000 Subscription Receipts, Mr. Damerji owns or exercises
control or direction over 15,872,222 Shares representing 11.48% of its issued
and outstanding Shares on an undiluted basis (11.11% on a fully diluted basis).


Mr. Hamed Moshtaghi acquired 7,675,000 Subscription Receipts in the Financing
which automatically converted into 7,675,000 Shares on July 16, 2012. With the
conversion of 7,675,000 Subscription Receipts, Mr. Moshtaghi owns or exercises
control or direction over 15,872,222 Shares representing 11.48% of its issued
and outstanding Shares on an undiluted basis (11.11% on a fully diluted basis).


The securities described in this news release were acquired for investment
purposes. Maxsteel and Messrs. Al Sadek, Moshtagh Moshtaghi, Hamed Moshtaghi and
Damerji 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 the acquisition described in this news
release will be available for viewing at www.sedar.com.


The information contained in this news release has been provided by Maxsteel and
Messrs. Al Sadek, Moshtaghi Moshtaghi, Hamed Moshtaghi and Damerji and the
Company is not responsible for its accuracy.


On behalf of the board of directors

KazaX Minerals Inc.

David Savage, Chairman of the Board

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