Toronto, Ontario - KINROSS GOLD CORPORATION (TSE-K; NYSE-KGC) ("Kinross") announced today that its board of directors had approved the previously announced business combination with La Teko Resources Ltd. whereby shareholders of La Teko would receive one Kinross share for each 2.65 La Teko shares they hold. The proposed merger is still subject to La Teko shareholder approval, the execution of a definitive agreement and regulatory approval. Kinross is a producer of precious metals with mines and property interests located in the U.S.A., Canada, Chile, Russia and Zimbabwe.

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