Kazax Now Owns 99.99% Interest in the Lomonosovskoye Project

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 28, 2014) - Kazax Minerals Inc. ("Kazax" or the "Company") (TSX VENTURE:KZX) is pleased to announce, as a follow-up to its news release dated September 17, 2014, that it has received consent from the Ministry of Investments and Development of Kazakhstan ("MID") for the acquisition of the 25% interest (the "Tobol Interest") in the Lomonosovskoye Project held by SEC Tobol JSC ("Tobol"). 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% by Kazax (indirectly through its wholly-owned subsidiary Kazco Beteiligungs GmBH) and 0.01% by Safin Element GmbH.

For further information on Kazax and the Lomonosovskoye Project, readers are referred to 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.