April 11, 2007

Kinross provides 2007 guidance and reserves including

recently acquired Bema assets

Toronto –

Kinross Gold Corporation (TSX-K; NYSE-KGC) ("Kinross" or the "Company")

completed the acquisition of Bema Gold Corporation (“Bema”) on February 27,

2007. The Company is pleased to provide an update to its previously released 2007

guidance to include the assets acquired in the transaction. Kinross now expects to

produce approximately 1.65 million gold equivalent ounces at a cost of sales in the

range of $330 - $340 per ounce in 2007 compared to the previously disclosed 1.5

million ounces of gold equivalent at cost of sales of $320 - $330 per ounce. Kinross

gold reserves are now 45.3 million ounces compared with the December 31, 2006

gold reserves reported previously of 27.9 million ounces. Also, silver reserves are now

69.5 million ounces and copper reserves are 2.8 billion pounds up from the previously

reported 27.8 million ounces of silver and no copper.

Capital expenditures for 2007 have not changed from previously released guidance

with respect to Kinross projects and the Company is currently undertaking a detailed

review of forecasted total capital costs for the Kupol project and expects to provide

an update in the second quarter.

General & administrative expense is expected to be approximately $56 million,

compared to $48 million previously disclosed, and exploration and business

development is expected to be approximately $55 million compared to $44 million

previously disclosed.

The Company expects that existing cash balances, cash flow from operations and

existing credit facilities will be sufficient to fund the exploration, capital and

reclamation programs budgeted for 2007.

Looking forward beyond 2007, Kinross’ gold equivalent production is expected to

grow to between 2.1 and 2.2 million gold equivalent ounces in 2008 and 2.6 to 2.7

million gold equivalent ounces in 2009 as the Paracatu expansion, and Kupol and

Buckhorn projects are completed and come into full production.

“Kinross has one of the largest reserve bases in the world as well as the best

production growth profile among the major gold producers,” said Tye Burt, President

and CEO of Kinross. “We believe Kinross occupies the sweet spot in the gold

industry.”



Cautionary Statement on Forward-Looking Information

All statements, other than statements of historical fact, contained or incorporated by reference in this press release,

including any information as to the future financial or operating performance of Kinross, constitute “forward-looking

statements” within the meaning of certain securities laws, including the “safe harbour” provisions of the Securities Act

(Ontario) and the United States Private Securities Litigation Reform Act of 1995 and are based on expectations,

estimates and projections as of the date of this Press release. Forward-looking statements include, without limitation,

statements with respect to the future price of gold and silver, the estimation of mineral reserves and resources, the

realization of mineral reserve and resource estimates, the timing and amount of estimated future production, costs of

production, expected capital expenditures, costs and timing of the development of new deposits, success of

exploration activities, permitting time lines, currency fluctuations, requirements for additional capital, government

regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and

limitations on insurance coverage. The words “plans,” “expects,” or “does not expect,” “is expected,” “budget,”

“scheduled,” “estimates,” “forecasts,” “intends,” “anticipates,” or “does not anticipate,” or “believes,” or variations of

such words and phrases or statements that certain actions, events or results “may,” “could,” “would,” “might,” or “will

be taken,” “occur” or “be achieved” and similar expressions identify forward-looking statements. Forward-looking

statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by

Kinross as of the date of such statements, are inherently subject to significant business, economic and competitive

uncertainties and contingencies. The estimates and assumptions of Kinross contained in this Press release, which may

prove to be incorrect, include, but are not limited to, the various assumptions set forth herein and in our management’s

discussion and analysis as well as: (1) there being no significant disruptions affecting operations, whether due to labour

disruptions, supply disruptions, damage to equipment or otherwise; (2) permitting development and expansion at

Paracatu proceeding on a basis consistent with our current expectations; (3) permitting and development at the Kettle

River - Buckhorn project proceeding on a basis consistent with Kinross’ current expectations; (4) that a long-term lease

replacing the short term lease for the Kupol gold and silver project lands, and construction permits required from time to

time, will be obtained from the Russian authorities on a basis consistent with our current expectations; (5) that the

exchange rate between the Canadian dollar, Brazilian real, Chilean peso, Russian ruble and the U.S. dollar will be

approximately consistent with current levels; (6) certain price assumptions for gold and silver; (7) prices for natural gas,

fuel oil, electricity and other key supplies remaining consistent with current levels; (8) production forecasts meet

expectations; (9) the accuracy of our current mineral reserve and mineral resource estimates. Known and unknown

factors could cause actual results to differ materially from those projected in the forward-looking statements. Such

factors include, but are not limited to: fluctuations in the currency markets; fluctuations in the spot and forward price of

gold or certain other commodities (such as diesel fuel and electricity); changes in interest rates or gold lease rates that

could impact the mark-to-market value of outstanding derivative instruments and ongoing payments/receipts under

any interest rate swaps and variable rate debt obligations; risks arising from holding derivative instruments (such as credit

risk, market liquidity risk and mark-to-market risk); changes in national and local government legislation, taxation,

controls, regulations and political or economic developments in Canada, the United States, Chile, Brazil, Russia or other

countries in which we do or may carry on business in the future; business opportunities that may be presented to, or

pursued by, us; our ability to successfully integrate acquisitions, including the Bema acquisition; operating or technical

difficulties in connection with mining or development activities; employee relations; the speculative nature of gold

exploration and development, including the risks of obtaining necessary licenses and permits; diminishing quantities or

grades of reserves; adverse changes in our credit rating; and contests over title to properties, particularly title to

undeveloped properties. In addition, there are risks and hazards associated with the business of gold exploration,

development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations,

pressures, cave-ins, flooding and gold bullion losses (and the risk of inadequate insurance, or inability to obtain

insurance, to cover these risks). Many of these uncertainties and contingencies can affect Kinross’ actual results and

could cause actual results to differ materially from those expressed or implied in any forward-looking statements made

by, or on behalf of, Kinross. There can be no assurance that forward-looking statements will prove to be accurate, as

actual results and future events could differ materially from those anticipated in such statements. All of the forward-

looking statements made in this Press release are qualified by these cautionary statements and those made in the “Risk

Factors” section hereof. These factors are not intended to represent a complete list of the factors that could affect

Kinross. Kinross disclaims any intention or obligation to update or revise any forward-looking statements whether as a

result of new information, future events or otherwise, or to explain any material difference between subsequent actual

events and such forward-looking statements, except to the extent required by applicable law.

The technical information about the Company’s material mineral properties contained in this media release has been

prepared under the supervision of Mr. Rob Henderson an officer of the Company who is a “qualified person” within the

meaning of National Instrument 43-101.

Key sensitivities

Approximately 55%-60% of our costs are denominated in U.S. dollars.

A 10% change in foreign exchange could result in an approximate $13 impact in cost of sales per ounce.

A $10 change in the price of oil could result in an approximate $4 impact on cost of sales per ounce.

2007 Guidance Including Bema Assets

Kinross Gold Corporation – April 11, 2007

Page 2



About Kinross Gold Corporation

Kinross, a Canadian-based gold mining company, is the fourth largest primary gold producer in North

America and has one of the largest reserve bases in the world. With nine mines and 3 projects in

Canada, the United States, Brazil, Russia and Chile, Kinross employs more than 4,500 people. Kinross

recently closed the acquisition of Bema Gold on February 27, 2007.

Kinross was the top performing senior gold equity for 2006 and maintains a strong balance sheet and

a no gold hedging policy. Kinross is focused on a strategic objective to maximize 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 through exploration and acquisition.

Kinross maintains listings on the Toronto Stock Exchange (symbol:K) and the New York Stock Exchange

(symbol:KGC).

For additional information, e-mail

info@kinross.com

or contact:

Investor Relations Contact:

Tracey Thom

Director, Investor Relations

& Communications

(416) 365-1362

tracey.thom@kinross.com

Erwyn Naidoo

Director, Investor Relations

(416) 365-2744

erwyn.naidoo@kinross.com

2007 Guidance Including Bema Assets

Kinross Gold Corporation – April 11, 2007

Page 3



MINERAL RESERVE AND RESOURCE STATEMENT

PROVEN AND PROBABLE MINERAL RESERVES

(1,3,5,6,7)

Kinross Gold Corporation's Share at December 31, 2006

Kinross

Property

NORTH AMERICA

Fort Knox

Kettle River

Musselwhite

Porcupine JV

Round Mountain

SUBTOTAL

SOUTH AMERICA

Cerro Casale

Crixas

La Coipa

Paracatu

Refugio

SUBTOTAL

ASIA

Julietta

Kupol

SUBTOTAL

19

20

18

10

12

13

16

11

11

14

GOLD

Proven

Tonnes

(x 1,000)

85,704

39

1,267

12,983

36,706

136,699

Grade

(g/t)

0.46

11.17

5.87

1.40

0.72

0.67

Ounces

(x 1,000)

1,270

14

239

586

845

2,954

Tonnes

(x 1,000)

73,969

1,814

1,504

17,186

65,843

160,316

Probable

Grade

(g/t)

0.60

15.98

6.74

2.03

0.52

0.96

Ounces

(x 1,000)

1,435

932

326

1,123

1,107

4,923

Tonnes

(x 1,000)

Proven and Probable

Grade

(g/t)

0.53

15.88

6.34

1.76

0.59

0.82

Ounces

(x 1,000)

2,705

946

565

1,709

1,952

7,877

Location

Interest

(%)

USA

USA

Canada

Canada

USA

100.0%

100.0%

31.9%

49.0%

50.0%

159,673

1,853

2,771

30,169

102,549

297,015

Chile

Brazil

Chile

Brazil

Chile

49.0%

50.0%

50.0%

100.0%

100.0%

100,450

1,647

7,003

1,180,809

139,542

1,429,451

0.71

4.57

1.43

0.41

0.80

0.48

2,306

242

323

15,394

3,578

21,843

406,700

1,005

3,133

81,264

83,108

575,210

0.68

5.91

1.08

0.38

0.70

0.65

8,932

191

109

995

1,862

12,089

507,150

2,652

10,136

1,262,073

222,650

2,004,661

0.69

5.08

1.33

0.40

0.76

0.53

11,238

433

432

16,389

5,440

33,932

Russia

Russia

90.0%

75.0%

59

-

59

24.25

-

24.25

46

-

46

137

6,169

6,306

16.80

16.81

16.81

74

3,335

3,409

195

6,169

6,364

19.14

16.81

16.89

120

3,335

3,455

TOTAL GOLD

1,566,209

0.49

24,843

741,832

0.86

20,421

2,308,040

0.61

45,264

SILVER

MINERAL RESERVE AND RESOURCE STATEMENT

PROVEN AND PROBABLE MINERAL RESERVES

(1,3,5,6,7)

Kinross Gold Corporation's Share at December 31, 2006

Kinross

Property

SOUTH AMERICA

La Coipa

SUBTOTAL

ASIA

Julietta

Kupol

SUBTOTAL

19

20

12

Proven

Tonnes

(x 1,000)

7,003

7,003

Grade

(g/t)

84.5

84.5

Ounces

(x 1,000)

19,033

19,033

Tonnes

(x 1,000)

3,133

3,133

Probable

Grade

(g/t)

86.9

86.9

Ounces

(x 1,000)

8,750

8,750

Tonnes

(x 1,000)

Proven and Probable

Grade

(g/t)

85.3

85.3

Ounces

(x 1,000)

27,783

27,783

Location

Interest

(%)

Chile

50.0%

10,136

10,136

Russia

Russia

90.0%

75.0%

59

-

59

217.2

-

217.2

412

-

412

137

6,169

6,306

137.4

205.1

203.6

605

40,670

41,275

195

6,169

6,364

162.2

205.1

203.7

1,017

40,670

41,687

TOTAL SILVER

MINERAL RESERVE AND RESOURCE STATEMENT

PROVEN AND PROBABLE MINERAL RESERVES (3,5)

7,062

85.6

19,445

9,439

164.8

50,025

16,500

131.0

69,470

COPPER

Kinross Gold Corporation's Share at December 31, 2006

Kinross

Property

SOUTH AMERICA

Cerro Casale

SUBTOTAL

18

Proven

Tonnes

(x 1,000)

100,450

100,450

Grade

(%)

0.24

0.24

Pounds

(x 1,000)

538,510

538,510

Tonnes

(x 1,000)

406,700

406,700

Probable

Grade

(%)

0.26

0.26

Pounds

(x 1,000)

2,305,940

2,305,940

Tonnes

(x 1,000)

Proven and Probable

Grade

(%)

0.25

0.25

Pounds

(x 1,000)

2,844,450

2,844,450

Location

Interest

(%)

Chile

49.0%

507,150

507,150

TOTAL COPPER

100,450

0.24

538,510

406,700

0.26

2,305,940

507,150

0.25

2,844,450

2007 Guidance Including Bema Assets

Kinross Gold Corporation – April 11, 2007

Page 4



MINERAL RESERVE AND RESOURCE STATEMENT

MEASURED AND INDICATED MINERAL RESOURCES (EXCLUDES PROVEN AND PROBABLE RESERVES) (2,3,4,6,7,8)

Kinross Gold Corporation's Share at December 31, 2006

Kinross

Property

NORTH AMERICA

Fort Knox

Musselwhite

Porcupine JV

Round Mountain

SUBTOTAL

SOUTH AMERICA

Cerro Casale

Crixas

Gurupi

Paracatu

La Coipa

Refugio

SUBTOTAL

ASIA

Julietta

Kubaka

SUBTOTAL

19

15

12

18

10

17

13

11

11

14

GOLD

Measured

Tonnes

(x 1,000)

9,653

403

3,424

4,353

17,833

Grade

(g/t)

0.68

5.40

2.02

0.74

1.06

Ounces

(x 1,000)

210

70

222

103

605

Tonnes

(x 1,000)

61,631

666

34,793

7,500

104,590

Indicated

Grade

(g/t)

0.69

5.65

1.72

0.66

1.06

Ounces

(x 1,000)

1,363

121

1,926

160

3,570

Measured and Indicated

Tonnes