Kazax Minerals Inc.

Vancouver, BC, March 21, 2012 - KazaX Minerals Inc. (the "Company") On March 15, 2012, 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 (the "Financing"). Each Subscription Receipt is convertible into one (1) common share of the Company on July 16, 2012. With the acquisition of the Shares and Subscription Receipts, Mr. Al Sadek owns or exercises control or direction over 14,000,000 common shares of the Company representing 19.56% of its issued and outstanding shares on an undiluted basis (17.32% on a fully diluted basis, assuming exercise of the subscription receipts issued under the Financing), assuming that no further shares are issued by the Company.

Moshtagh Moshtaghi 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. Moshtaghi 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. Moshtaghi in the Financing. Each Subscription Receipt is convertible into one (1) common share of the Company on July 16, 2012. With the acquisition of the Shares and Subscription Receipts, Mr. Moshtaghi owns or exercises control or direction over 14,000,000 common shares of the Company representing 19.56% of its issued and outstanding shares on an undiluted basis (17.32% on a fully diluted basis, assuming exercise of the subscription receipts issued under the Financing), assuming that no further shares are issued by the Company.

The securities described in this news release were acquired for investment purposes. Messrs. Al Sadek and Moshtaghi 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 Messrs. Al Sadek and Moshtaghi and the Company is not responsible for its accuracy.

On behalf of the board of directors

KazaX Minerals Inc.

"David Savage"

David Savage, Chairman of the Board

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 of the adequacy or accuracy of this release.