N

EWS

R

ELEASE

Kinross funds Mining and Sustainability Professorship

at Queen’s University

Toronto, Ontario, September 7, 2007 –

Kinross Gold Corporation announced today the

establishment of the Kinross Professorship in Mining and Sustainability in partnership with the

Department of Mining Engineering at Queen’s University in Kingston, Ontario.

The proposed new program of teaching and research at Queen’s University will focus on two

high-priority needs of the global mining industry.

First, it will help to address a serious shortfall in graduate mining engineers caused by

unprecedented activity in the global mining industry and demand for skilled people. Second, it

will facilitate development of innovative approaches to mining that ensure competitive

positioning while maintaining compatibility with the evolving values and expectations of society

– particularly those related to the environment and sustainability.

“The mining industry needs more engineering graduates with the skills to meet the challenge

of responsible mining,” said Tye Burt, President and CEO of Kinross. “That includes the ability

to understand the expectations and aspirations of communities where we work, and to find

‘win-win’ approaches that support business objectives while also making a positive net

contribution to the long-term economic and social well-being of the community.”

“We’re confident the teaching and research program of the Kinross Professorship in Mining and

Sustainability will attract more top engineering students to the global opportunities of mining,”

he said. “We also believe it will help to build Canada’s position as a leader in mining

sustainability.”

Queen’s Principal, Dr. Karen Hitchcock, welcomed the contribution. “Our vision is one that

emphasizes the need to strengthen our teaching and research capacity in ways that best

contribute to society globally, particularly with respect to environmental, economic and social

sustainability,” she said.

“A partnership such as this one with Kinross is a tremendous help to

us in ensuring our success at doing so.”

KINROSS GOLD CORPORATION

www.kinross.com

40 King Street West, 52nd Floor

Toronto, Ontario, Canada

M5H 3Y2

TEL: 416-365-5123

FAX: 416-363-6622

TOLL FREE: 866-561-3636



Queen’s Dean of Applied Science, Dr. Kimberly Woodhouse further pointed out, “The evolution

of the Canadian mining industry over the last several decades and the global context in which

it operates is dramatic. Furthermore, the mining industry is facing a major shortage in skilled

personnel. This contribution makes it possible for Queen’s to maintain and enhance its

leadership position in responding to that change.”

Kinross has committed $500,000 over the next five years to establish the professorship, which

will receive additional funding from the Faculty of Applied Science at Queen’s University. The

Professorship is a key step in Queen’s Applied Science’s strategy for addressing the needs and

issues of the minerals sector through holistic approaches to undergraduate teaching, graduate

study, and research.

Dr. R. Anthony Hodge has been appointed to the Kinross Professorship in Mining and

Sustainability. Dr. Hodge is one of Canada’s leading authorities on Sustainable Development in

mining, and has accumulated an impressive list of credentials as a professional engineer and

consultant to industry, an advisor to government, and an academic during the course of his

distinguished career.

Dr. Laeeque Daneshmend, Acting Head of the Queen’s Department of Mining Engineering

spoke highly of Dr. Hodge. “He brings to us the unparalleled breadth and depth of experience

at just the right time. In particular, he has a strong knowledge of the nature and needs of the

mining industry while being sensitive to the values of broader society. We are very much

looking forward to him joining our team.”

Kinross Gold Corporation, a Canadian-based gold mining company, is the third largest gold

producer by reserves in North America, with mines and development projects in the United

States, Brazil, Chile, Russia, and Canada.

-30-

Media Contact:

Steve Mitchell

Director Corporate Communications

Kinross Gold Corporation

(416) 365-2726

KINROSS GOLD CORPORATION

Page 2



KINROSS GOLD CORPORATION

Page 3