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 27, 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 and its annual information form as a result of the review of the accounting

treatment associated with the TVX Gold/Echo Bay merger (“the merger”).

Kinross and its independent valuators, consultants and auditors are finalizing the parameters and

protocols associated with a model that values all of the assets acquired in the merger. This model is

used to value the assets acquired on the date of the merger, at year end 2003, and at year end 2004.

Final comments are being incorporated into the model and into the Company’s financial statements,

which will be filed after regulators have reviewed the new approach.

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. 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.

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 June 6, 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.