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PROXY Governance Inc. recommends Kinross shareholders vote "FOR" Red Back combination

September 08, 2010

Toronto, Ontario - September 8, 2010 - Kinross Gold Corporation (TSX:K, NYSE: KGC) today announced that PROXY Governance, Inc. (PGI) has provided a positive recommendation regarding its proposed friendly combination with Red Back Mining Inc. PGI has recommended that Kinross shareholders vote "FOR" the issuance of Kinross shares and warrants in connection with the acquisition.

The Boards of Directors of both Kinross and Red Back have unanimously approved the friendly business combination under a plan of arrangement, and Kinross' Board has unanimously recommended that shareholders also vote in favour of the issuance of Kinross shares and warrants in connection with the transaction.

PGI is a professional services firm that provides a full range of proxy analysis, voting and reporting services for investment advisors, mutual funds, pension funds, money managers, and other fiduciaries.

On September 1, 2010, Kinross announced that Glass, Lewis & Co. LLC, another professional services firm that provides proxy research and voting recommendations to institutional investors, also provided a positive recommendation regarding the proposed combination with Red Back.

Kinross will hold a special meeting of shareholders on September 15, 2010 at 10 a.m. ET regarding the proposed combination with Red Back. Proxies to be used or acted upon at the meeting must be deposited with Kinross' transfer agent, Computershare Investor Services Inc., by 10 a.m. ET on September 13, 2010.

For any questions regarding the voting process, shareholders are advised to contact Kinross' proxy solicitation agent, Kingsdale Shareholder Services Inc., at 1-866-581-1479 (in North America) or at 416-867-2272 (outside of North America), or by e-mail at contactus@kingsdaleshareholder.com.

For more information about the Kinross and Red Back combination, visit www.KinrossIR.com.

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