Toronto, Ontario - Kinross Gold Corporation
("Kinross" or the "Company") (TSX-K; NYSE-KGC) is pleased to
announce that, effective immediately, John K. Carrington and
Catherine McLeod-Seltzer have joined Kinross' Board of Directors as
independent board members.
Mr. Carrington is a retired mining executive with over 36 years
of experience in the mining industry. He has held many senior
executive positions, including most recently Vice Chairman of
Barrick Gold Corporation ("Barrick") until his retirement on
December 31, 2004. Between 1995 and 2004 he also held the positions
of President, Chief Operating Officer & Director and Executive
Vice President, Operations at Barrick. Before joining Barrick, Mr.
Carrington was Executive Vice President, Mining at Noranda and
President and Chief Executive Officer of Brunswick Mining and
Smelting. Mr. Carrington is a Director of the Canadian Mineral
Industry Education Foundation, Honorary Chairman of the Prospectors
and Developers Association of Canada, past Director of the Gold
Institute, past Chairman and Director of the Mining Association of
Canada and a former member of the Lassonde Mineral Engineering
Program at the University of Toronto. Mr. Carrington is a Mining
Engineer with a Master of Engineering (Mining) from McGill
University and is a member of the Association of Profession
Engineers of Ontario and the Canadian Institute of Mining &
Metallurgy. In 2003, Mr. Carrington received the "Selwyn G.
Blaylock Award" from the Canadian Institute of Mining &
Metallurgy for distinguished service to Canada through exceptional
achievement in the field of mining.
Ms. McLeod-Seltzer brings an extensive knowledge of mining
finance, exploration in Latin America, mergers, acquisitions and
negotiations to Kinross' Board. Ms. McLeod-Seltzer has over 20
years of experience in the mining industry and is currently
President and Director of Pacific Rim Mining Corporation, a
position she has held since 1997. Ms. McLeod-Seltzer has worked
extensively in Latin America on both the resource and finance side
of the industry with a particular emphasis on Peru where she is
currently involved in the financing and development of two large
mining projects. Previously, she was President, Chief Executive
Officer of Arequipa Resources Ltd., one of the most successful
mining exploration companies in Peru. Ms. McLeod- Seltzer grew the
company from a capitalization of Cdn $5 million to over Cdn $1.1
billion when it was taken over by Barrick in 1996. Ms.
McLeod-Seltzer is a co-founder of Stornoway Diamond Corporation,
one of the largest landholders for diamond exploration in Canada.
Stornoway has discovered 15 diamondiferous kimberlites since 2003.
In 1999, she was named the Northern Miner's "Mining Man of the
Year" and in 1997 she was given the "Award for Performance" by the
Association of Women in Finance. She has also held a position on
the Financial Post's "Power 50" since 2002. Ms. McLeod-Seltzer
holds a Bachelor of Business Administration from Trinity Western
University. Arthur Ditto and Cameron Mingay have stepped down from
the Board of Directors. Mr. Ditto has been a director since 1993
and was President and C.O.O. Mr. Mingay was a director from 2001 to
2004.
We are extremely pleased to continue to strengthen Kinross by
adding the operational skills and exploration expertise that John
and Catherine bring to the Board. These attributes emphasize our
commitment to operational excellence and the future growth of the
Company." said Tye Burt, President and Chief Executive Officer of
Kinross. "I would like to thank Art Ditto and Cameron Mingay for
their distinguished service to the Company since it's
inception."