Toronto, Ontario - Kinross Gold Corporation (TSX-K; NYSE-KGC) ("Kinross" or the "Company") is pleased to announce that it will hold its 4th Annual Exploration Update Conference Call on Thursday, April 3, 2003 at 11:00 am EST. During the call, which is anticipated to be approximately 1.5 to 2.0 hours in duration, the Company will discuss the results of relevant exploration activities at nine of its producing gold mines and other properties, including: Fort Knox, Round Mountain, Kettle River, Porcupine, Aquarius, Musselwhite, Kubaka, La Coipa and Refugio. Over 60 slides, available at www.kinross.com, will be addressed by the various presenters followed by questions and answer periods held after each property presentation. Several of the presenters will be participating in the conference call from properties located in Alaska, Nevada, Washington and Chile.

Exploration activities form an integral component of Kinross' growth strategy, as the Company maintains its annual production profile of approximately two million gold equivalent ounces. The Company is focused on not only replacing reserves consumed by annual production but also on expanding its reserve base.

In 2003, Kinross plans to increase exploration spending to $21 million, up from the $12 million spent in 2002. Approximately $14.5 million of the total exploration budget in 2003l is expected to be spent on mine exploration activities with the reminder of the funds earmarked for green fields exploration.

Cautionary Statement on Forward-Looking Information
This press release includes certain “Forward-Looking Statements” within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization and reserves, exploration results and future plans and objectives of Kinross, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Kinross’ expectations are disclosed under the heading “Risk Factors” and elsewhere in Kinross’ documents filed from time to time with the Toronto Stock Exchange, the United States Securities and Exchange Commission and other regulatory authorities.