Toronto, Ontario - September 8, 2010 - Kinross
Gold Corporation (TSX:K, NYSE: KGC) today announced that PROXY
Governance, Inc. (PGI) has provided a positive recommendation
regarding its proposed friendly combination with Red Back Mining
Inc. PGI has recommended that Kinross shareholders vote "FOR"
the issuance of Kinross shares and warrants in connection with the
acquisition.
The Boards of Directors of both Kinross and Red Back have
unanimously approved the friendly business combination under a plan
of arrangement, and Kinross' Board has unanimously recommended that
shareholders also vote in favour of the issuance of Kinross shares
and warrants in connection with the transaction.
PGI is a professional services firm that provides
a full range of proxy analysis, voting and reporting services
for investment advisors, mutual funds, pension funds, money
managers, and other fiduciaries.
On September 1, 2010, Kinross announced that Glass, Lewis &
Co. LLC, another professional services firm that provides proxy
research and voting recommendations to institutional investors,
also provided a positive recommendation regarding the proposed
combination with Red Back.
Kinross will hold a special meeting of shareholders on September
15, 2010 at 10 a.m. ET regarding the proposed combination with Red
Back. Proxies to be used or acted upon at the meeting must be
deposited with Kinross' transfer agent, Computershare Investor
Services Inc., by 10 a.m. ET on September 13, 2010.
For any questions regarding the voting process, shareholders are
advised to contact Kinross' proxy solicitation agent, Kingsdale
Shareholder Services Inc., at 1-866-581-1479 (in North America) or
at 416-867-2272 (outside of North America), or by e-mail at contactus@kingsdaleshareholder.com.
For more information about the Kinross and Red Back combination,
visit www.KinrossIR.com.