Toronto, Ontario - Kinross Gold
Corporation (TSX-K; NYSE - KGC) ("Kinross") announced that it has
acquired 2,083,333 units of Sargold Resource Corporation (TSX-V:
SRG) ("Sargold"). Each unit consists of one common share and three
quarters of a common share purchase warrant ("Warrant"). As a
result of this transaction, Kinross has acquired ownership in
2,083,333 common shares of Sargold representing approximately 9.20%
of the issued and outstanding shares of Sargold. Assuming the
exercise of the Warrants held by Kinross, based on the current
number of outstanding Sargold common shares, Kinross would hold
approximately 14.87% of the outstanding Sargold common shares.
Kinross has acquired the common shares and the warrants for
investment purposes.