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

August 5, 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 audited financial statements and related

management’s discussion and analysis or its annual information form as a result of the review of the

accounting treatment for the assets acquired in the TVX Gold/Echo Bay merger (“the Merger”).

Kinross submitted a letter to U.S. and Canadian regulators responding to comments on the registration

statement filed by Kinross in connection with the proposed acquisition of Crown Resources

Corporation. Included with the response letter are the independent valuations of the assets acquired in

the Merger and related documents and opinions from independent advisors and valuators. Kinross

received comments from the regulator in connection with the above-mentioned letter requesting

clarification of some items included in that submission. Kinross plans to respond to the comments

promptly.

Kinross will file audited financial statements after it has satisfied all of the comments issued by the

relevant regulators, the auditors have signed off on the financial statements, and the financial

statements have been approved by Kinross’ board of directors.

Kinross will issue bi-weekly updates as to the status and timing which can be viewed on the website at

www.kinross.com. The next update is scheduled for the week of August 15, 2005.

For additional information, e-mail

info@kinross.com

or contact:

Christopher T. Hill

Senior Vice President,

Corporate Communications

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.