40 King Street West, 52 Floor

Toronto, ON M5H 3Y2

Tel: 416 365 5123

Fax: 416 363 6622

Toll Free: 866-561-3636

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PRESS RELEASE

Kinross Provides Update on Status of

Late Financial Statements Filing and Related Matters

April 1, 2005… Toronto, Ontario – Kinross Gold Corporation (“Kinross” or the “Company”)

(TSX-K; NYSE-KGC)

As indicated previously, pending the filing of its 2004 year end audited financial statements and related

MD&A, Kinross will satisfy the alternative information guidelines of the Ontario Securities Commission

(“OSC”) Policy 57-603 and Canadian Securities Administrators Staff Notice 57-301, pursuant to which

Kinross will provide bi-weekly updates to the market regarding 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.

As previously announced, the Company has hired an independent valuation team, Standard & Poor’s

Corporate Value Consulting, to provide valuations with respect to the purchase price allocation and

goodwill that arose from the 2003 business combination with TVX Gold Inc. and Echo Bay Mines Ltd.

Kinross anticipates receiving the final valuation report next week. Upon receipt, management will

incorporate the results into the Company’s financial statements for both 2003 and 2004 and thereafter

the auditors will have to complete their audit before the statements can be issued.

Following Kinross’ request, as discussed in the March 16, 2005 press release, the OSC has issued a

management cease trade order, as is normal course, that prohibits all trading by certain individuals who

are or have been directors, officers and other insiders of Kinross. These individuals have been notified

of the issuance of the cease trade order. This temporary order does not impact shareholders who are

not directors, officers or insiders of the Company.

Kinross will not be able to file its Annual Information Form (“AIF”) due to the delay in filing Kinross’

audited financial statements for the year ended December 31, 2004 not being filed by March 31, 2005.

Kinross will file its AIF concurrently with its audited financial statements for the year ended December

31, 2004 when they become available.

For additional information, e-mail

info@kinross.com

or contact:

Christopher T. Hill

Vice President

Investor Relations

Tel. (416) 365-7254

Tracey M. Thom

Manager

Investor Relations

Tel. (416) 365-1362