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Kinross Announces Filing of Audited Financial Statements for 2004 and Restated Audited Financial Statements for 2003

November 30, 2005

Change of Auditors and Court Application to Extend Shareholders Meeting Date

All dollar amounts stated in this press release are expressed in U.S. dollars

TORONTO, Ontario - Kinross Gold Corporation ("Kinross" or the "Company") (TSX-K; NYSE-KGC) announces that it has filed today its audited financial statements for the year ended December 31, 2004 which include the audited comparative restated financial statements for the year ended December 31, 2003 and the related management discussion and analysis ("MD&A"), and that it has also filed its restated quarterly financial statements and MD&A for 2004. Kinross expects to file its quarterly financial statements and MD&A for the quarters of 2005 by mid December.

In finalizing the restated financial statements Kinross has made minor adjustments to the preliminary results previously announced in the October 20, 2005 press release, to reflect updated information related to the size of certain exploration properties acquired in the Echo Bay and TVX acquisition. These changes resulted in an increase in the value of exploration properties of $5.4 million, a related decrease in the future income tax liability of $0.4 million and a corresponding decrease in goodwill of $5.8 million on the acquisition of TVX and Echo Bay, as of January 31, 2003. These changes resulted in a decrease in goodwill impairment of $5.7 million and a related increase in the amount of the impairment of Kinross' exploration properties of $0.5 million as of December 31, 2003. The reported net loss for 2004 was slightly higher due to a $0.2 million tax adjustment; this did not change net loss per share.

Kinross also announced that an application (the "Application") will be made to the Ontario Superior Court of Justice for an order extending the time for holding the Company's 2005 annual and special meeting of shareholders past December 31, 2005. The application will seek an order from the Court to extend the meeting deadline until February 28, 2006, although Kinross anticipates holding its meeting, together with an investor information update, in late January 2006. This meeting will replace the previously scheduled December 21, 2005 shareholders' meeting.

Kinross hereby notifies its shareholders that a court date to hear the Application has been set for December 13, 2005 at 10:00 a.m. to be heard at 393 University Avenue, 8 th Floor, Toronto, Ontario. Shareholders who wish to appear on this application should serve a Notice of Appearance, in accordance with the Ontario Rules of Civil Procedure on Robert Cohen of Cassels Brock & Blackwell LLP at 40 King Street West, Suite 2100, Scotia Plaza, Toronto, Ontario, M5H 3C2 or by fax to Robert Cohen at 416-350-6929. The Court Application materials will be made available on our website at

In addition, Kinross announced today that it has filed a Change of Auditor Notice and related documents with the securities regulatory authorities of all Canadian provinces in accordance with National Instrument 51-102 Continuous Disclosure Obligations ("NI 51-102"). Deloitte & Touche LLP has confirmed to Kinross, following the request of the Company, that it will not stand for reappointment as auditor of the Company for the financial year ended December 31, 2005. In this connection, the board of directors of Kinross has appointed KPMG LLP as its auditor for the financial year ended December 31, 2005. The shareholders of the Company will be asked to ratify the appointment of KPMG as auditor of the Company at the next annual meeting of shareholders scheduled to be held before the end of January.

In accordance with NI 51-102, there is a reportable event noted in the Change of Auditor Notice, which consisted of the following disagreement (as defined in NI 51-102): On November 9, 2004, the Company entered into a letter of intent in connection with the purchase from Rio Tinto PLC of a 51% interest in the Paracatu gold mine in Brazil. Deloitte & Touche LLP disagreed with the Company's view that this proposed transaction did not result in an event or a change of circumstances during the third quarter of 2004, that more likely than not reduced the fair value of Kinross' previously owned 49% interest in the Paracatu gold mine below its carrying value, which would have resulted in a requirement to test goodwill for impairment. Management ultimately agreed to assess whether goodwill was impaired as a result of the negotiation of that letter of intent, and the disagreement was resolved to the satisfaction of Deloitte & Touche LLP by Kinross recognizing a goodwill impairment of $143 million in the third quarter of 2004.

Audited 2004 financial statements including restated comparable results for 2003 are available on SEDAR, EDGAR, and on our website at