Kinross Sells Interest in Pacific Rim Mining Corp.

Toronto, Ontario, December 30, 2003…Kinross Gold Corporation (TSX-K and NYSE-KGC)

(“Kinross”)

announces that it has sold its entire equity ownership stake in Pacific Rim Mining Corp.

(TSX-PMU and Amex-PMU) consisting of 17,606,049 shares for net proceeds of Cdn.$21.8 million. This

investment was deemed not to be strategic to Kinross on a going forward basis.

For further information contact:

Robert M. Buchan

President and Chief Executive Officer

Tel. (416) 365-5650

Gordon A. McCreary

Vice President Corporate Affairs

Tel. (416) 365-5132

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