40 King Street West, 52 Floor

Toronto, ON M5H 3Y2

www.kinross.com

Tel: 416 365 5123

Fax: 416 363 6622

Toll Free: 866-561-3636

nd

PRESS

RELEASE

February 3, 2006

Kinross Provides Status Update on Late Filing

of Financial Statements

Toronto, Ontario – Kinross Gold Corporation (“Kinross” or the “Company”)

(TSX-K;

NYSE-KGC). Pursuant to the alternative information guidelines of the Ontario Securities

Commission (“OSC”) Policy 57-603 and Canadian Securities Administrators Staff Notice 57-

301, Kinross is providing a notice to the market regarding a restatement of its prior financial

statements and an update on the process relating to the preparation and filing of its financial

statements and related matters, until such time as Kinross is current with its filing obligations

under Canadian securities laws.

During its preparation of the interim financial statements for 2005, the Company became aware

that Kinross had not fully accounted for the impact of foreign currency exchange rates on future

deferred tax liabilities relating to the purchase of certain assets acquired in the acquisition of

TVX Gold and Echo Bay in January, 2003. This meant that financial statements for the years

ended December 31, 2003 and 2004 and their respective interim periods would need to be

restated to take into account these adjustments. As a result of the restatement, these liabilities

have been adjusted for changes in currency exchange rates between the US dollar and the

currency of the country in which the future tax liability arose. These adjustments have no

impact on total assets, cash balances or operating cash flow. The net impact of the foreign

exchange loss and income and mining tax recovery, as previously filed on November 30, 2005,

will reduce earnings by approximately $27 million for 2003 and $7 million for 2004. The restated

net loss for 2003 and 2004 will be $437.7 million and $63.1 million, respectively.

Kinross anticipates releasing its restated financial statements for the financial years ended

December 31, 2003 and 2004 by the end of next week. The Company will file its financial

statements for the first three quarters of 2005 shortly thereafter.

We are issuing bi-weekly updates as to the status and timing which can be viewed on our

website at www.kinross.com. The next update is scheduled for the week of February 13th,

2006.

For additional information, e-mail

info@kinross.com

or contact:

Christopher T. Hill

Senior Vice President,

Corporate Communications

Tel. (416) 365-7254

Tracey M. Thom

Director, Investor Relations

and Communications

Tel. (416) 365-1362