KZX

KazaX Minerals Inc. ("KazaX" or the "Company") (TSX VENTURE:KZX) wishes to
provide an update on the results from its annual general meeting of shareholders
held on Tuesday, August 14, 2012. At the meeting, the shareholders elected five
new members to the Company's board of directors. The shareholders also
re-appointed the current auditors, Manning Elliott LLP, Chartered Accountants.


Election of Directors

At the meeting, the KazaX shareholders elected seven directors, including the
following five new directors:


Carlos Ballon 

Mr. Ballon is a graduate of Colorado School of Mines and a very experienced
mining engineer who managed the Santander Mine in Peru from 1985 to 1993. More
recently he was Vice-President South America for Corriente Resources Ltd. and a
director of Thiess South America (Australia's largest contract miner) where he
managed major engineering works in Peru. Mr. Ballon is currently a director of
Dorato Resources Inc., a mineral exploration company listed on the TSX Venture
Exchange. He is also a director of Stonehouse Construction, a private
international multi-disciplined project delivery company headquartered in Kuala
Lumpur, focusing on projects in Malaysia and Kazakhstan. 


Tarek Damerji

Mr. Damerji graduated from McGill University in Montreal, Canada, and worked in
Commercial then Corporate Finance for the Toronto Dominion Bank. In 1999, Mr.
Damerji returned to the Middle East and co-founded Bayt.com, one of the Middle
East's leading online recruiter companies with over 150 employees operating in
six different countries. In 2008, Mr. Damerji sold his interest in Bayt to a
leading US based Private Equity firm, and founded Wajehat, a company that
specialized in the design, engineering and project management of Facades for
buildings, utilizing an innovative outsourcing model for the fabrication and
installation of advanced skins for buildings. Mr. Damerji is currently the
Special Projects Director for the Al Habtoor Leighton Group, a large
multi-disciplinary contracting group in the Middle East, with projects in Civil,
Infrastructure, Power, Oil and Gas. He is also on the Board of Directors for
Stonehouse Construction, a contracting company based out of Singapore targeting
Mining, Civil, Infrastructure and Oil and Gas projects.


Oleg Demidkin

Mr. Demidkin has over 23 years of experience in the steel and iron ore industry.
He is a founding member of Safin Handels G.m.b.H. and is currently the President
of the Safin Group, a steel trading and distribution company operating in 45
countries with a head office and financial department in Vienna, Austria. Safin
also represents the interests of Otto Wolff Handelsgesellschaft m.b.H.
(ThyssenKrupp) in Russia, which supplies industrial and mining equipment. Mr.
Demidkin graduated from the Moscow State University, Faculty of Law, in 1993. 


Anton Drescher 

Mr. Drescher has been a Certified Management Accountant since 1981. He is
currently a director of International Tower Hill Mines Ltd., a mineral
exploration and development company listed on the TSX and NYSE-AMEX (since
1991), a director of Trevali Mining Corporation, a natural resource company
listed on the TSX (since 2007) and a director of Corvus Gold Inc., an
exploration and development company listed on the TSX (since 2010). Mr. Drescher
also currently serves as a director and/or officer of several companies listed
on the TSX Venture Exchange and is President and a director of Ravencrest
Resources Inc., a company trading on the CNSX (since 2010). He is also President
of Westpoint Management Consultants Limited, a private company engaged in tax
and accounting consulting for business reorganizations and President of Harbour
Pacific Capital Corp., a private British Columbia company involved in regulatory
filings for businesses in Canada.


Paul Larkin 

Mr. Larkin brings in excess of 37 years of experience in corporate finance and
capital markets to the Company. Mr. Larkin is currently President of New Dawn
Holdings Ltd., an independent consulting firm providing administration and
financial advisory services to a number of private and public companies. Mr.
Larkin is also the CEO and President of Tyner Resources Ltd., a director of
Westbridge Energy Corporation, and a director and audit committee member of LNG
Energy Ltd., U.S. Geothermal Inc. and Condor Resources Inc., all public resource
companies. From 1972 to 1984, Mr. Larkin held various corporate finance
positions in the Canadian Banking system. Mr. Larkin has also served as an
audit, compensation and executive committee member for a number of other public
companies. 


The five new directors join KazaX's President, David Savage and current director
Mohamad Chafic, both of whom were re-elected to the Board. These directors will
all hold office until the next KazaX annual meeting. The five new directors
replaced Jonathan Younie, Ian McKinnon and Michael Larkin. Mr. Savage would like
to thank Messrs. Younie, McKinnon and Larkin for their help and assistance
during the year as the Company transitioned from Newbridge Capital Inc. to KazaX
Minerals Inc.


Appointment of Director

KazaX is pleased to announce the appointment of Daniel Kunz to its Board. 

Mr. Kunz is an international mining executive with more than 35 years of mining
experience in exploration, development, and operations. Mr. Kunz holds an MBA, a
B.Sc. in Engineering, and an associate accounting degree. He has significant
public company governance, finance and management experience. Mr. Kunz is a
founding director of Chesapeake Gold Corp. (TSX.V), currently developing the
advanced stage Metates gold and silver project located in Mexico, with 20
million ounces of gold, 540 million ounces of silver and 4.3 billion pounds
zinc. From 1997 to 2004, He served as Director, President and Chief Operating
Officer of Ivanhoe Mines Ltd. and was part of the team that discovered Oyu
Tolgoi, in Mongolia, one of the largest copper-gold deposits in the world. As
Director, President and CEO, Mr. Kunz directed the IPO on the NASDAQ of MK Gold
Company in 1993, a producing gold company with worldwide operations he
co-founded. For more than 17 years, Mr. Kunz served as a senior executive of the
international mining and construction giant Morrison Knudsen Corporation, now
URS Corporation (NYSE), including as Vice President & Controller, and CFO to the
Mining Group. 


"We are very pleased to welcome six outstanding new directors to the KazaX
Board," said David Savage, President of KazaX. "Their unique and extensive
backgrounds will help guide the Company as it moves forward in the development
of its Lomonosovskoye project." 


Company Website

KazaX is pleased to announce the completion of its new corporate website found
at www.kazaxmineralsinc.com. The site includes information for investors and
prospective investors regarding KazaX's directors, management team and an
overview of its first iron ore bearing property, the Lomonosovskoye deposit
located in Kostanay, Kazakhstan.


About KazaX Minerals Inc.

Kazax Minerals Inc. is a mining exploration and development company focusing on
iron ore. Other world-wide target acquisitions are being sought. Kazax aims to
be a significant mid-tier international mine exploration and development company
in the iron ore sector.


On behalf of KazaX Minerals Inc.

David Savage, President and Director

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.

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