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

Status Update on Late Financial Statements Filing

May 13, 2005… Toronto, Ontario – Kinross Gold Corporation (“Kinross” or the “Company”)

(TSX-K; NYSE-KGC) provided a status update on the preparation and filing of its financial statements

and related matters.

As previously disclosed, Kinross has not yet filed its financial statements, related management

discussion and analysis (“MD&A’s”) and its annual information form (“AIF”) as a result of the review of

the accounting treatment associated with the TVX Gold/Echo Bay merger. Kinross and its independent

auditors are currently reviewing the valuation models received from Standard and Poor’s Corporate

Value Consultants, as announced in a press release dated April 15, 2005. As stated previously, Kinross

is currently performing additional work on the valuation of exploration properties with the support of

third party advisors. The Company is seeking to ensure that its financial statements present fairly

Kinross’ financial position and results of operations in accordance with Generally Accepted Accounting

Principles and mining industry mineral estimate best practices. When the analysis is complete on all

valuations, the Company, with the concurrence of its auditors, expects to be in a position to prepare

and file its financial statements. Kinross is making every effort to bring this process to a conclusion as

soon as possible. Although it is uncertain when the Company will be able to complete its filings,

Kinross does not expect to file its financial statements earlier than June 30, 2005. Once these filings

are completed, the Company will set a date for its Annual General Meeting.

Additionally, first quarter 2005 interim financial statements will not be filed by the regulatory deadline of

May 16, 2005, but will be filed concurrent with the above mentioned financial statements.

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 May 23, 2005.

For additional information, e-mail

info@kinross.com

or contact:

Christopher T. Hill

Vice President

Investor Relations

Tel. (416) 365-7254

Tracey M. Thom

Director, Investor Relations

and Communications

Tel. (416) 365-1362

Kinross will continue to provide bi-weekly status updates to the market regarding the process relating to the preparation and

filing of its financial statements and related matters, pursuant to the alternative information guidelines of the Ontario Securities

Commission (“OSC”) Policy 57-603 and Canadian Securities Administrators Staff Notice 57-301, until such time as Kinross is

current with its filing obligations under Canadian securities laws.