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Kinross To Redeem Convertible Notes

March 7, 2007

TORONTO, Ontario - March 6, 2007 - Kinross Gold Corporation ("Kinross") announced today that its wholly-owned subsidiary, EastWest Gold Corporation (formerly Bema Gold Corporation) has given notice to the holders of its U.S. $70 million 3.25% convertible notes due February 25, 2007 (the "Notes") that it will redeem the Notes on April 12, 2007 (the "Redemption Date") at their principal amount together with accrued but unpaid interest to the Redemption Date. Pursuant to the terms of the Notes, holders may convert their Notes into common shares of Kinross plus cash in accordance with the trust deed creating the Notes, as supplemented, on or before the close of business on April 2, 2007.