Toronto, Ontario, December 13, 2010 - Kinross Gold Corporation (TSX: K, NYSE: KGC) announced today that it has sold its approximate 1.8% equity interest in Osisko Mining Corporation ("Osisko"), consisting of approximately 6.8 million Osisko common shares, on an underwritten block trade basis, at a gross price of CDN$14.70 per share.

"The sale of this non-core holding augments Kinross' already strong financial position and reinforces our focus on delivering our industry-leading suite of growth projects," said Kinross President and CEO Tye Burt. "We are pleased to have benefitted from Osisko's success, which is a testament to its strong management and quality projects."

This press release is not an offer of securities for sale in the United States. The Osisko common shares sold have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.