Kinross Issues Clarification Regarding Announcement by

Kinross Issues Clarification Regarding Announcement by Southridge
Enterprises 
TORONTO, ONTARIO -- (Marketwire) -- 12/27/12 -- Kinross Gold
Corporation (TSX:K)(NYSE:KGC) would like to clarify a news release
issued by Southridge Enterprises Inc. ("Southridge") on December
26th, 2012 announcing a joint partnership between itself and Kinross
relating to the Cinco Minas and Gran Cabrera properties in Mexico.
The news release contained a number of statements regarding the value
and status of the joint venture, and a quote from a Kinross employee. 
Kinross wishes to make clear that there is no such joint partnership,
joint venture or other similar such arrangement or agreement in
place, and nor do we expect there to be such a joint partnership,
agreement, acquisition, investment or other equivalent transaction
involving Kinross and Southridge in the foreseeable future. The
statements regarding the value and status of the joint partnership
are, to the best of Kinross' knowledge, without any basis in fact.
The statement attributed to the Kinross employee in the Southridge
news release was incorrectly attributed to him.  
About Kinross Gold Corporation  
Kinross is a Canadian-based gold mining company with mines and
projects in Brazil, Canada, Chile, Ecuador, Ghana, Mauritania, Russia
and the United States, employing approximately 8,000 people
worldwide. Kinross maintains listings on the Toronto Stock Exchange
(symbol:K) and the New York Stock Exchange (symbol:KGC).
Contacts:
Media Contact: Kinross Gold Corporation
Steve Mitchell
Vice-President, Corporate Communications
416-365-2726
steve.mitchell@kinross.com 
Investor Relations Contact: Kinross Gold Corporation
Tom Elliott
Vice-President, Investor Relations
416-365-3390
tom.elliott@kinross.com