Kinross Gold Corporation

Kinross Gold Corporation

March 23, 2005 10:32 ET

Kinross Announces the Appointment of Tye Burt as President & Chief Executive Officer


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: KINROSS GOLD CORPORATION

TSX SYMBOL: K
NYSE SYMBOL: KGC

MARCH 23, 2005 - 10:32 ET

Kinross Announces the Appointment of Tye Burt as
President & Chief Executive Officer

TORONTO, ONTARIO--(CCNMatthews - March 23, 2005) - Kinross Gold
Corporation (TSX:K)(NYSE:KGC) ("Kinross" or the "Company") is pleased to
announce that Mr. Tye Burt has accepted the position of President and
Chief Executive Officer of Kinross and is expected to assume his duties
in early April. This follows the earlier announcement that Bob Buchan
would be stepping down as President and CEO once his successor was in
place. Mr. John Oliver, Chairman of Kinross' board of directors said,
"the board of directors is extremely pleased to have Mr. Burt join the
Kinross team and know his background in corporate finance and mining,
his drive and enthusiasm will take the Company to the next level". Along
with John Oliver, Mr. Buchan is, "pleased that Tye has accepted this
position and I am confident that, under his leadership, the future of
the Company is in good hands".

Mr. Burt brings with him a wealth of experience and joins Kinross
following his most recent position as Vice-Chairman and Executive
Director, Corporate Development with Barrick Gold Corporation. Prior to
that he spent 16 years in corporate finance in the positions of Chairman
of Deutsche Bank Canada and Global Head of Metals and Mining for
Deutsche Bank, Head of Investment Banking in Vancouver and Co-head of
the Mining Group at Nesbitt Burns and spent many years at Burns Fry
Limited in Mergers & Acquisitions and Equity Capital Markets.

Mr. Burt sits on the Board of Directors of the Ontario Financing
Authority and is Chairman of NRX Global Corporation.

Mr. Burt is a member of the Law Society of Upper Canada and is a
graduate of Osgoode Hall Law School as well as the University of Guelph
(B.A.).

The Board of Directors and all of Kinross' employees would also like to
thank Bob Buchan for his 12 years of dedication and commitment to
Kinross as Chief Executive Officer. Mr. Buchan formed the Company in
1993 and successfully grew it from a junior 24,000 ounce per year
producer to its current position as the seventh largest primary gold
producer in the world.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Kinross Gold Corporation
    Christopher T. Hill
    Vice President Investor Relations
    (416) 365-7254 or Toll Free: 866-561-3636
    (416) 363-6622 (FAX)
    or
    Kinross Gold Corporation
    Tracey M. Thom
    Manager Investor Relations
    (416) 365-1362 or Toll Free: 866-561-3636
    (416) 363-6622 (FAX)
    info@kinross.com
    www.kinross.com