University of Guelph, Kinross Establish Canada-Brazil Network

to Promote Natural Resource Management

Toronto, January 31, 2008 — The University of Guelph and Kinross Gold Corporation

today announced the creation of a new education and research network between Canada and

Brazil to develop environmental initiatives focused on the use and remediation of land and water.

Kinross is providing approximately $1 million in funding and in-kind logistical support

over a three-year period to help establish the Kinross Canada-Brazil Network for Advanced

Education and Research in Natural Resource Management.

Co-ordinated by the University of Guelph, the network will involve university, government

and private-sector partners in Canada and Brazil and provide opportunities for international

collaboration and multidisciplinary research activities.

The network’s major focus will be working with resource extraction industries on resource

management initiatives, with the goal of minimizing environmental impacts, using natural

resources more effectively and developing comprehensive strategies for rehabilitating disturbed

lands.

The network will explore novel methods to improve soil quality, such as processing mine

wastes to use as fertilizer or soil conditioner. Researchers will also investigate ways to adapt

vegetation to grow on disturbed lands in order to improve soil and water quality and potentially

provide biofuel feedstock.

"Both Brazil and Canada are nations whose culture, economy and political development are

influenced significantly by their natural resources," said Kinross president and CEO Tye Burt. "It

makes sense that on issues of sustainable land and water use, Canadian and Brazilian institutions

collaborate in a meaningful way.”

“We hope this network will prove a new partnership model for expanded co-operation

between the private sector and outstanding educational and research institutions like the

University of Guelph, as well as government and other partners,” Mr. Burt added. “Our vision is

to create a platform for exponential growth that will keep expanding to involve more partners

and projects, building our collective knowledge base on how to manage resources responsibly.”

— more —



Richard Heck, a University of Guelph land resource science professor who helped create

and will oversee the network, said students will be provided with valuable teaching and learning

experiences. "Students want the opportunity to solve real-world problems — to actually help

make a difference with the environment and with people's health and well-being."

Alastair Summerlee, the University of Guelph’s president and vice-chancellor, added that

the network is a natural fit for the University, which is recognized globally for its environmental

research and education programs and its stewardship.

"Kinross is an industry leader in sustainable resource management and is committed to

corporate social responsibility," Summerlee said. "And our university has a reputation for its

innovative approaches to protecting water, air and land. Working together, we can develop

projects that can serve as models of sustainable development and be replicated by other

corporations and in other regions."

# # #

About Kinross:

Kinross is a Canadian-based gold mining company with mines in the United States, Brazil,

Russia and Chile, and approximately 5,000 employees worldwide. Kinross is listed on the

Toronto Stock Exchange (symbol:K) and the New York Stock Exchange (symbol:KGC).

Kinross is focused on the strategic objective of maximizing net asset value and cash flow per

share through a four-point plan built on growth from core operations; expanding capacity for the

future; attracting and retaining the best people in the industry; and driving new opportunities

though exploration and acquisition.

About the University of Guelph:

The University of Guelph is renowned in Canada and around the world as a research-intensive

and learner-centred institution and for its commitment to open learning, internationalism and

collaboration.The University has a broad research mandate embracing the environment, ecology

and biodiversity. It places particular emphasis on aquatic and terrestrial environments,

biodiversity and evolutionary ecology, water quality and management, biodiversity and

evolutionary ecology, water quality and management, global environmental change and

controlled environments.

Media Contacts:

University of Guelph: Lori Bona Hunt, 519-824-4120, Ext. 53338, l.hunt@exec.uoguelph.ca

Kinross Gold: Steve Mitchell, 416-365-2726, steve.mitchell@kinross.com