contrast iconcontrast icon search icon

Status Update on Late Financial Statements Filing

June 10, 2005

Application to Court for Extension of Annual Meeting Deadline

TORONTO, Ontario - Kinross Gold Corporation ("Kinross" or the "Company") (TSX-K; NYSE-KGC) provides a status update on the preparation and filing of its financial statements and related matters.

As previously disclosed, Kinross has not yet filed its financial statements, related management discussion and analysis and its annual information form as a result of the review of the accounting treatment associated with the TVX Gold/Echo Bay merger. Kinross and its independent valuators, consultants and auditors are continuing the work to finalize the valuation of and accounting for the assets acquired in the merger. An application will be made (the "Application") to the Ontario Superior Court of Justice for an order extending the time for holding the Company's 2005 annual shareholders' meeting past June 30, 2005. The application will seek an order by the Court to extend the meeting deadline until December 31, 2005, though management is making all possible efforts to be in a position to hold its meeting as soon as possible after financial statements have been completed and filed.

Kinross hereby notifies its shareholders that a court date to hear the Application has been set for June 24, 2005 at 10:00 a.m. to be heard at 393 University Avenue, 8th 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

We are issuing bi-weekly updates as to the status and timing which can be viewed on our website. The next update is scheduled for the week of June 20, 2005.