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 audited financial statements and related management's discussion and analysis or its annual information form as a result of the review of the accounting treatment for the assets acquired in the TVX Gold/Echo Bay merger ("the Merger").

Kinross submitted a letter to U.S. and Canadian regulators responding to comments on the registration statement filed by Kinross in connection with the proposed acquisition of Crown Resources Corporation. Included with the response letter are the independent valuations of the assets acquired in the Merger and related documents and opinions from independent advisors and valuators. Kinross received comments from the regulator in connection with the above-mentioned letter requesting clarification of some items included in that submission. Kinross plans to respond to the comments promptly.

Kinross will file audited financial statements after it has satisfied all of the comments issued by the relevant regulators, the auditors have signed off on the financial statements, and the financial statements have been approved by Kinross' board of directors.

Kinross will issue bi-weekly updates as to the status and timing which can be viewed on the website at www.kinross.com. The next update is scheduled for the week of August 15, 2005.