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Kinross declares dividend increase

August 10, 2011

Toronto, Ontario, August 10, 2011 - Kinross Gold Corporation (TSX: K; NYSE: KGC) announced today that the Board of Directors has declared a dividend of US$0.06 per common share, a 20% increase from the previous dividend paid on March 31, 2011.

The dividend is payable on September 30, 2011 to shareholders of record at the close of business on September 23, 2011.

This dividend qualifies as an "eligible dividend" for Canadian income tax purposes.