ROUND MOUNTAIN MINE

Kinross Gold Corporation, 50% owner and operator of the Round Mountain Mine in Nye County, Nevada, USA, reports on 2009 results for the year ended December 31. The mine, 50% owned by Barrick, produced 15% less ore than in 2008 as mining was impacted by wall stability issues in Phase E. The stability issues were encountered in October and the wall was stabilized in November. Geotechnical work is ongoing to address the stability issues. For the time being, mining is occurring in Phase G. The reduction in tonnes placed on the leach pads was primarily due to fewer tonnes mined and the depletion in 2008 of the remaining low grade stockpile ore. All tonnes currently being placed on the dedicated pads are sourced from the pit. Gold equivalent ounces produced were 13% lower than in 2008 due to lower tonnes processed, which more than offset the higher grade.

Kinross reported that at the Round Mountain mine in Nevada, U.S.A., tonnes of ore mined were lower in the second quarter of 2009 compared with the previous year due to instability in the south pit wall, which was re-stabilized in June. The gold grade was higher than the second quarter of 2008 due to mine sequencing. Gold equivalent ounces produced and sold were lower year-over-year due to lower tonnes mined, which more than offset the higher grade. Cost of sales was slightly lower year-over-year.

During the quarter ended Mar31/09, at the Round Mountain mine, tonnes of ore mined were 14% higher compared with the first quarter of 2008, but gold equivalent production, while on plan, was lower than the same period last year. The lower production was due to lower mill tonnage resulting from harder ore, which was partially offset by higher grades, and to fewer tonnes of heap leach ore placed on the pads. The reduction in tonnes placed on the leach pads was due to the planned move of the primary crusher in Q4 2008, which interrupted placing of material to the reusable pad for 10 weeks, until January 2009. Cost of sales was in line with the prior year and cost of sales per ounce was higher due to a decrease in production.