Mr. Steve Mitchell reports
KINROSS ISSUES CLARIFICATION REGARDING ANNOUNCEMENT BY SOUTHRIDGE ENTERPRISES
Kinross Gold Corp. would like to clarify a news release issued by Southridge Enterprises Inc. on Dec. 26, 2012, announcing a joint partnership between itself and Kinross relating to the Cinco Minas and Gran Cabrera properties in Mexico. The news release contained a number of statements regarding the value and status of the joint venture, and a quote from a Kinross employee.
Kinross wishes to make clear that there is no such joint partnership, joint venture, or other similar such arrangement or agreement in place, and nor does the company expect there to be such a joint partnership, agreement, acquisition, investment or other equivalent transaction involving Kinross and Southridge in the foreseeable future. The statements regarding the value and status of the joint partnership are, to the best of Kinross's knowledge, without any basis in fact. The statement attributed to the Kinross employee in the Southridge news release was incorrectly attributed to him.