September

8, 2006

Kinross Sells Equity Interest in Katanga Mining Limited

Toronto, Ontario

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Kinross Gold Corporation (TSX: K, NYSE: KGC) (“Kinross”) announced

today that it has sold its 5,751,500 shares in Katanga Mining Limited for proceeds of

approximately CDN$35.9 million (CDN$6.25 per share) through a private placement.

About Kinross Gold Corporation

Kinross, a Canadian-based gold mining company, is the fourth largest primary gold

producer in North America and the eighth largest in the world. With eight mines in

Canada, the United States, Brazil and Chile, Kinross employs more than 4,000 people.

Kinross maintains a strong balance sheet and a no gold hedging policy. Kinross is

focused on a strategic objective to maximize net asset value and cash flow per share

through a four-point plan built on growth from core operations; expanding capacity for

the future; attracting and retaining the best people in the industry; and driving new

opportunities through exploration and acquisition.

Kinross maintains listings on the Toronto Stock Exchange (symbol:K) and the New York

Stock Exchange (symbol:KGC).

For additional information, e-mail

info@kinross.com

or contact:

Investor Relations Contact:

Tracey Thom

Director, Investor Relations &

Corporate Communications

(416) 365-1362

tracey.thom@kinross.com

Media Contact:

James Toccacelli

Senior Vice President,

Communications

(416) 365-7129

james.toccacelli@kinross.com