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Kinross announces investment in BCGold Corp.

August 10, 2009

Toronto, Ontario, August 10, 2009 -- Kinross Gold Corporation ("Kinross") announced today that it has subscribed for 2,000,000 units of BCGold Corp. ("BCGold") pursuant to a non-brokered private placement. Each unit consists of one common share and one half of one common share purchase warrant. Each warrant allows the holder to purchase one common share at an exercise price of CAD $0.12 for a period of 12 months following the closing of the private placement. After giving effect to the private placement, Kinross will hold 6,025,000 common shares and 1,512,500 common share purchase warrants of BCGold, constituting approximately 16% of its issued and outstanding common shares. The subscription price for the units is CAD $0.06 per unit for an aggregate purchase price of CAD $120,000.

The investment in BCGold is part of Kinross' strategy to maximize exposure to new prospects and experienced explorationists at a relatively small capital investment by partnering with promising junior companies on a select basis. BCGold is a Vancouver-based junior resource company focused on copper and gold exploration in under-explored historic mining and exploration districts in British Columbia and Yukon.