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Toronto, Canada

January 28, 2003

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

(“Kinross”)

is pleased to announce that its shareholders approved all of the items voted on at the

Special Meeting of Shareholders today in Toronto. The matters approved were:

the issuance of that number of common shares of Kinross necessary to effect the Combination

with Echo Bay Mines Ltd. (TSX-ECO; Amex-ECO) (“Echo Bay”) and TVX Gold Inc. (TSX-TVX;

NYSE-TVX) (“TVX”);

the election of four agreed upon additional individuals to Kinross’ Board of Directors effective

upon the completion of the Combination;

the consolidation of the issued and outstanding common shares of Kinross on the basis of one

consolidated common share for each three old common shares;

the reduction of Kinross’ stated capital account maintained for its common shares by

approximately $747 million; and

the termination of Kinross’ shareholder rights plan.

The Combination is subject to various conditions including shareholder approval of both Echo Bay and

TVX and the final approval of the plan of Arrangement by the Superior Court of Justice, Ontario.

This press release includes certain “Forward-Looking Statements” within the meaning of section 21E of the United States

Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein, including

without limitation, statements regarding potential mineralization and reserves, exploration results and future plans and objectives

of Kinross, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such

statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such

statements. Important factors that could cause actual results to differ materially from Kinross’ expectations are disclosed under

the heading “Risk Factors” and elsewhere in Kinross’ documents filed from time to time with the Toronto Stock Exchange, the

United States Securities and Exchange Commission and other regulatory authorities.

-30-

For additional information contact:

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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