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Kinross announces aid for victims of Chilean earthquake

March 05, 2010

Immediate relief package valued at Cdn $705,000

Toronto, Ontario, March 5, 2010 - Kinross today announced several aid initiatives in the wake of the earthquake that struck Chile on February 27, 2010.

Following the earthquake, Kinross provided transportation for rescue workers to the affected area, and has made its mine rescue teams available to assist in the relief effort if requested by local authorities. Today, the Company announced Cdn $705,000 in humanitarian relief initiatives, focused primarily on rebuilding housing and providing social support.

"We extend our heartfelt condolences to the people of Chile affected by this terrible disaster, and are committed to assisting the country in its efforts to rebuild. In addition to our financial aid, our people and operations in Chile are ready to provide whatever practical assistance they can to assist the affected communities," said Kinross President and CEO Tye Burt.

Kinross currently operates the La Coipa and Maricunga mines in Chile, and employs approximately 1,000 people in the country. Both Kinross mines are located approximately 1,000 kilometres north of the area most affected by Saturday's earthquake. No employees working at the mines or in the company's offices were injured during the earthquake. The mines experienced no damage and only limited disruption to production due to a brief power outage in the region.