Acquisition Of Great Bear Resources Completed

TORONTO - Kinross Gold Corporation has completed the previously announced plan of arrangement to acquire all of the issued and outstanding shares of Great Bear Resources Ltd.

“The closing of the acquisition of Great Bear Resources represents a milestone for Kinross as we advance our future growth strategy. We are excited to add such a high-quality asset in a top mining jurisdiction to our global portfolio,” said J. Paul Rollinson, President and CEO. “Our exploration and development strategy will start immediately, including our goal of drilling 200,000 meters this year. We aim to further define the asset’s untapped potential and unlock the significant value we see from its numerous avenues for growth. We also look forward to working with the Wabauskang and Lac Seul First Nations and local communities as we advance our development strategy.”