Toronto, Canada, December 27, 2007– Kinross Gold Corporation (TSX-K; NYSE-KGC)today provided an update on the administrative process regarding the Kupol Project lands inthe Chukotka region of the Russian Federation.A long-term lease agreement has been executed and registered with the appropriate Russianauthorities establishing long-term lease rights to the Kupol Project lands. The parties to thelease agreement are the Chukotka Mining and Geological Company (CMGC), which is owned 75per cent by Kinross and 25 per cent by the State Unitary enterprise of the ChukotskyAutonomous Okrug (Chukotsnab), and the Chukotsky Territorial Office of the Federal Agencyfor Management of Federal Property (Rosimuschestvo). The lease agreement, valid until 2024,grants CMGC the long-term surface lease rights for the Kupol Project lands.Kinross is the third-largest primary gold producer in North America by reserves. With mines inthe United States, Brazil, Russia and Chile, Kinross employs approximately 5,000 people.-30-
Media contact:
Steve MitchellDirector, Corporate Communications
Kinross Gold Corporation(416) 365-2726
Investor relations:
Erwyn NaidooDirector, Investor Relations
Kinross Gold Corporation(416) 365-2744
