Toronto, ON, October 22, 2007 - Linear Gold
Corp. (TSX-LRR) and Kinross Gold Corporation (TSX-K; NYSE-KGC) are
pleased to announce that they have executed a definitive option
agreement with respect to exploration and potential future
development of Linear's 98,000-hectare Ixhuatan Project, located in
Chiapas, Mexico. The terms of the definitive option agreement are
as outlined in the companies' joint press release of September 6,
2007.
Linear Gold Corp. has now completed strategic joint ventures in
Mexico and the Dominican Republic that provide for the systematic
exploration of the Ixhuatan Project and Linear's portfolio of
properties in the Dominican Republic. With over $26,000,000 in cash
and 27.8 million shares outstanding, Linear will pursue the
acquisition of mineral assets with the potential to host
large-scale deposits.
Kinross, a Canadian-based gold mining company, is the
third-largest producer by reserves in North America. With nine
mines in Canada, the United States, Brazil, Russia and Chile,
Kinross employs more than 4,500 people.
The TSX Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this
release.