Toronto, Ontario, May 3, 2010 - Kinross announced today that Tim Baker, Executive Vice-President and Chief Operating Officer, has decided to retire, effective December 31, 2010, to pursue personal interests and spend more time with his family.

"Tim has been instrumental in transforming Kinross into one of the world's top gold producers," said President and CEO Tye Burt. "During his tenure, he brought four major growth projects into production, assembled a world-class global operations team, established a culture of continuous improvement and has been a tireless champion for safety, responsible mining, and our core Kinross values - all key elements of 'The Kinross Way'. Our company, its employees, and the communities where we operate have all benefitted from his efforts, and we wish him the very best in his retirement.

"One of Tim's legacies is the strength of the team he has assembled to manage our regions and operations. We are delighted that Tim has agreed to remain with Kinross until the end of the year, to carry on with his current responsibilities and to ensure a smooth transition following the selection of his replacement," Mr. Burt added.