Toronto, Canada

-

September 19, 2002

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Kinross Gold Corporation (TSE-K; Amex-KGC)

and

Bema Gold Corporation (TSX-BGO; Amex-BGO),

each 50% owners of Compania Minera Maricunga

(“CMM”) are pleased to announce that CMM has received full payment of an award settlement for

approximately US$ 24 million from Fluor Daniel Chile Ingenieria y Construccion S.A, Fluor Daniel

Corporation, and Fluor Daniel Wright Ltd. (“Fluor”). In April of 1999 CMM initiated formal arbitration

proceedings, against Fluor, to recover damages related to numerous design and construction failures at

the Refugio Mine located in Northern Chile. In May of 2002, binding arbitration in Chile ruled in favour

of CMM for these damages.

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For further information:

Robert M. Buchan

President and Chief Executive Officer

Tel. (416) 365-5650

Gordon A. McCreary

Vice President, Investor Relations and Corporate

Development

Tel. (416) 365-5132

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