Toronto, Ontario - Kinross Gold Corporation (TSX-K
and NYSE-KGC) ("Kinross") announces that it has sold its entire
equity ownership stake in Pacific Rim Mining Corp. (TSX-PMU and
Amex-PMU) consisting of 17,606,049 shares for net proceeds of
Cdn.$21.8 million. This investment was deemed not to be strategic
to Kinross on a going forward basis