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Kinross declares dividend

February 16, 2011

Toronto, Ontario, February 16, 2011 - Kinross Gold Corporation (TSX: K; NYSE: KGC) announced today that the Board of Directors has declared a dividend of US$0.05 per common share, payable on March 31, 2011 to shareholders of record at the close of business on March 24, 2011.

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