A knife is provided that includes a replaceable blade element. The knife employs a blade carrier that is fixedly interconnected to or foldable with respect to a handle. The blade carrier selectively receives the replaceable blade element that is locked into the blade carrier by way of a blade release mechanism by biasing an associated spring that is further associated with a blade release button. The replaceable blade element is designed to be inserted within the blade carrier quickly, easily, and safely. The replaceable blade element may abut an internal guide surface during insertion.