Ms. Samantha Sheffield reports

KINROSS ANNOUNCES SALE OF SHARES OF WHITE GOLD

Kinross Gold Corp. has sold an aggregate of 23,681,160 common shares of White Gold Corp., representing all of the common shares held by Kinross. The shares represent approximately 12 per cent of the outstanding White Gold common shares. The shares were sold at an average sales price of 29 cents (excluding commission), representing an aggregate sale price of $6,869,905.51.

A copy of the early warning report filed by Kinross in connection with the investment will be available on White Gold's profile on SEDAR+. Alternatively, you may contact Luke Crosby, senior vice-president, general counsel and corporate secretary, at 647-788-4478 to obtain a copy of the report. Kinross is organized under the laws of the Province of Ontario and its head office is located at 25 York St., 17th floor, Toronto, Ont., M5J 2V5. White Gold's head office is located at 82 Richmond St. East, Toronto, Ont., M5C 1P1.

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. The company'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 (symbol: K) and the New York Stock Exchange (symbol: KGC).