Toronto, Ontario -- Kinross Gold Corporation (TSE-K; NYSE-KGC; pending Amex-KGC) and its subsidiary, Kinam Gold Inc. (NYSE-KGC PrB; pending Amex-KGC PrB), announce that the American Stock Exchange®(Amex®) has approved the listings of the common shares of Kinross and the preferred shares of Kinam on the Amex with the opening of trading on August 1, 2001. Consequently, Kinross and Kinam have withdrawn the New York Stock Exchange (NYSE) appeal announced on June 13, 2001 regarding the delisting of these securities on the NYSE. The NYSE initiated delisting of Kinross common shares, and by association Kinam preferred shares, for the sole reason that the common shares of Kinross have been trading at a price below the US$1.00 minimum required for continued listing on the NYSE. Kinross common shares and Kinam preferred shares will trade on the NYSE until the market close on July 31, 2001 and begin trading on the Amex under the same stock symbols beginning with the market opening of the Amex on August 1, 2001.

Bob Buchan, Chairman and CEO of Kinross, stated that "we are pleased that appropriate US listings have been approved to facilitate the trading of these securities in the United States and to compliment the Toronto Stock Exchange (TSE) listing of Kinross common shares. We are particularly pleased that the cloud of uncertainty concerning continued US listings for Kinross and Kinam has been removed on an expedited basis and with an expected seamless transition to the Amex. We look forward to a long and mutually beneficial relationship with the American Stock Exchange and its member firms."

This press release includes certain "Forward-Looking Statements" within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization and reserves, exploration results and future plans and objectives of Kinross Gold Corporation ("Kinross"), are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Kinross' expectations are disclosed under the heading "Risk Factors" and elsewhere in Kinross' documents filed from time to time with the Toronto Stock Exchange, the United States Securities and Exchange Commission and other regulatory authorities.

Cautionary Statement on Forward-Looking Information