Toronto, Ontario - Kinross Gold Corporation (TSX-K;
NYSE-KGC) ("Kinross") announced that it has acquired 253,100 common
shares of Cumberland Resources Ltd. (TSX-CLG, "Cumberland") through
the facilities of the Toronto Stock Exchange. As a result of this
transaction, Kinross has ownership of an aggregate of 6,930,300
common shares of Cumberland representing 12.74% of the issued and
outstanding shares of Cumberland. These securities have been
acquired for investment purposes and the Corporation may increase
or decrease its holdings in Cumberland at attractive prices at any
time.