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

Update on Annual Shareholders’ Meeting

June 24, 2005… Toronto, Ontario – Kinross Gold Corporation (“Kinross” or the “Company”)

(TSX-K; NYSE-KGC) provides 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 advisors anticipate submitting a letter to U.S. and Canadian regulators early next week

responding to comments on the registration statement filed by Kinross in connection with the proposed

acquisition of Crown Resources Corporation. Included in the response letter are the finalized

independent valuations of the assets acquired in the TVX/Echo Bay merger and related documents and

opinions from independent advisors and valuators.

Kinross will begin filing audited financial statements after the regulators have issued their final

comments on our accounting methodology, our auditors have signed off on our financial statements,

and the financial statements have been approved by our board of directors.

The previously announced application to the Ontario Superior Court of Justice for an order extending

the time for Kinross to hold its 2005 annual meeting of shareholders beyond June 30, 2005 was heard

today. The postponement was sought because, until such time as the 2004 audited financial

statements of Kinross are completed, Kinross is not in a position to satisfy the requirement of the

Business Corporations Act (Ontario) that such financial statements be placed before the shareholders

at the annual meeting. The Court granted an order extending the time for holding the annual meeting

of shareholders to a date no later than December 31, 2005, subject to any further order of the Court.

Kinross intends to hold its annual shareholders’ meeting as soon as possible after its 2004 audited

financial statements are completed and available for mailing.

We are issuing bi-weekly updates as to the status and timing which can be viewed on our website. The

next update is scheduled for the week of July 8, 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.