KazaX Minerals Inc. Strengthens Board and Management Team
Vancouver, BC, April 27, 2012 -- KazaX Minerals Inc. ("KazaX" or the "Company") is pleased to announce the appointment of Mr. Mohamad Chafic to the Board of Directors. Mr. Chafic has over 23 years experience in the steel and iron ore industry. He is an Engineering graduate from the American University of Beirut and has a Masters degree from the University of Hull in the United Kingdom. Mr. Chafic is the founding member of and is currently the Managing Director of Maxsteel Industry LLC, a multi million dollar steel fabrication of the United Arab Emirates and Saudi Arabia. He is also the founding member and General Manager of Maxmine Incorporated, a company with a global presence engaged in iron ore trading and mineral mining. Previously, he was the Managing Director of Dana Steel General Trading LLC., a global steel trading company. Having been involved in the industry for the past 23 years, Mr. Chafic possesses immense knowledge of the steel and iron ore industry.
In addition, Mr. David Savage, Chairman of the Board of Directors of the Company has been appointed President of the Company, Mr. Stephen Rodgers has been appointed Chief Executive Officer of the Company and Mr. Kevin Morris has been appointed Chief Financial Officer and Corporate Secretary of the Company.
Mr. Rodgers has in excess of 25 years experience within the heavy construction and mining sectors, predominantly within the Australasian region and also in Peru. He has held senior roles within Thiess (One of Australia's largest international contract mining companies); John Holland; ZeroGen and Aker Solutions. These roles have included senior operational management; project management; business establishment and board level operational risk management roles. He has been involved in the establishment and operation of mining and minerals processing operations within Australia; Peru; Vietnam and Indonesia. Mr. Rodgers also brings practical experience of working within Kazakhstan; from his previous involvement in the Tengezchevroil Joint Venture between Chevron and the Republic of Kazakhstan government. He holds a bachelor of engineering degree (civil) through the University of New South Wales, Australia.
Prior to this appointment Mr. Rodgers was employed as the General Manager of Stonehouse Constructions; an international EPCM / EPC contractor. Mr. Rodgers has been seconded by Stonehouse to KazaX Minerals Inc.
Mr. Kevin Morris has over eight years experience in public accounting and capital markets. As a senior auditor at Davidson & Co. LLP, he specialized in publicly-traded companies in mining, oil & natural gas, and merchant banking. Prior to his career in public accounting, he worked at National Bank Financial, a leading national investment firm, with one of the company's top financial advisors. Born in Canada, Mr. Morris completed an MBA from the I.H. Asper School of Business, University of Manitoba, and he is a member of the Institute of Chartered Accountants of British Columbia. His experience in finance and accounting is wide-ranging, including Canadian GAAP and IFRS, valuation and accounting issues, consulting, and prospectus level work for public companies.
In connection with the Management and Board restructuring, Mr. Alfred Sanderson has resigned as President, Chief Executive Officer, Corporate Secretary and Director of KazaX Minerals. The Company would like to express its appreciation and thank Mr. Sanderson for his years of service. Additionally, Mr. Jonathan Younie has resigned as Chief Financial Officer of the Company but will remain a Director of the Company.
About the Company
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.
For additional information readers are invited to review additional corporate and property information available on SEDAR at www.sedar.com
ON BEHALF OF THE BOARD
President and Chairman of the Board
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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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