Toronto, Ontario - Kinross Gold Corporation (TSX -
K; NYSE - KGC) ("Kinross") and Echo Bay Mines Ltd. (TSX and AMEX -
ECO.WT) ("Echo Bay") wish to confirm that Echo Bay's common share
purchase warrants (the "Warrants") issued on May 17, 2002, will
expire on November 14, 2003 in accordance with their terms. On
January 31, 2003, Echo Bay became a wholly owned subsidiary of
Kinross. Each Warrant is exercisable for 0.1733 of a common share
of Kinross at an exercise price of US $0.90 for each Warrant so
exercised. The Warrants may be exercised at any time on or before
5:00 p. m. (Toronto time) on November 14, 2003. To exercise the
Warrants, certificates should be submitted to Computershare Trust
Company of Canada ("Computershare") along with payment for the full
exercise price made payable to Echo Bay Mines Ltd. For further
information regarding the Warrant exercise procedure refer to the
Warrant Indenture or contact Computershare at 1-800-564-6253.