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Kinross increases dividend by 33%

February 15, 2012

Toronto, Ontario, February 15, 2012 - Kinross Gold Corporation (TSX: K; NYSE: KGC) announced today that the Board of Directors has declared a dividend of US$0.08 per common share, a 33% increase from the previous dividend of US$0.06 per common share paid on September 30, 2011.

The dividend is payable on March 31, 2012 to shareholders of record at the close of business on March 23, 2012.

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