Kettle River - Buckhorn (100% ownership and operator) – USA

The Kettle River properties are located in Ferry County in the State of Washington and cover approximately 3,075 hectares through patented and unpatented mining claims and fee lands. Kinross acquired Kettle River through the acquisition of Echo Bay on January 31, 2003. At the time of the acquisition the mine was placed on care and maintenance. Kinross recommenced operations in December 2003 on the Emanuel Creek deposit which was completed in November 2005.

In August 2006, Crown Resources shareholders approved the acquisition of Crown and its wholly-owned Buckhorn gold deposit. The Buckhorn deposit is located in north-central Washington State, USA, approximately 76 kilometers by road from Kinross’ Kettle River gold milling facility.

The Buckhorn mine is now operational, and trucks have begun to haul ore from the mine to the refurbished Kettle River mill, which has produced its first gold. Ore production at Buckhorn is ramping up as mine development advances.

Expected production for 2008 is approximately 20,000-30,000 ounces, at an expected average cash cost of $365-385.¹

1. For more information on price assumptions, please refer to “2008 Outlook” and Cautionary Statement on Forward-Looking Information outlined in the Kinross press release dated November 5, 2008.

Kinross Gold Corporation’s Share at December 31, 2008