Mr. Chris Lichtenheldt reports

KINROSS COMPLETES US$500 MILLION UNSECURED 10-YEAR NOTES OFFERING TO REFINANCE ITS OUTSTANDING NOTES DUE 2024

Kinross Gold Corp. has closed its previously announced offering of debt securities, consisting of $500-million (U.S.) aggregate principal amount of 6.250 per cent senior notes due 2033. The notes are senior unsecured obligations of Kinross and are unconditionally and irrevocably guaranteed by certain of Kinross's wholly owned subsidiaries that are also guarantors under Kinross's senior unsecured credit agreements. Kinross intends to use the net proceeds from the offering to redeem all $500-million (U.S.) aggregate principal of its outstanding 5.95 per cent senior notes due 2024.

As of the date of this news release, Kinross has not issued a notice of redemption in respect of the 2024 notes. This news release shall not constitute a notice of redemption with respect to the 2024 notes.

About Kinross Gold Corp.

Kinross is a Canadian-based global senior gold mining company with operations and projects in the United States, Brazil, Mauritania, Chile and Canada. Kinross's focus is on delivering value based on the core principles of responsible mining, operational excellence, disciplined growth and balance sheet strength. Kinross maintains listings on the Toronto Stock Exchange and the New York Stock Exchange.

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