Kinross Gold Corporation · TSX:K

Kinross Gold — Merrill Lynch Global Metals & Mining Conference 2007

10 slides from Kinross Gold's conference presentation, May 9, 2007

1. Slide 1: Delivering Disciplined Growth

   Kinross Gold Corporation Merrill Lynch Global Metals & Mining Conference 2007 May 9, 2007 Merrill Lynch Global Metals & Mining Conference 2007 May 9, 2007 DELIVERING DISCIPLINED GROWTH 1 Cautionary Statements All statements, other than statements of historical fact, contained or incorporated by refe

2. Slide 2: Kinross – Key Facts

   Kinross Gold Corporation Merrill Lynch Global Metals & Mining Conference 2007 May 9, 2007 Kinross – Key Facts ƒ Fifth largest gold mining company by reserves ƒ 9 operating mines, 5 countries – Chile, Brazil, United States, Russia, Canada ƒ 3 major projects in development ƒ 2007e production: 1.65 mil

3. Slide 3: Proven and Probable Reserves

   Kinross Gold Corporation Merrill Lynch Global Metals & Mining Conference 2007 May 9, 2007 Proven and Probable Reserves(1) Gold (mm ozs) Silver (mm ozs) Copper (bn lbs) +83% +185% 2.8 45 69 25 24 0 2005 Current 2005 Current 2005 Current Gold Silver Copper (mm oz.) (mm oz.) (bn lb.) 2P Reserves 45 69

4. Slide 4: Superior Production Growth Profile

   Kinross Gold Corporation Merrill Lynch Global Metals & Mining Conference 2007 May 9, 2007 Superior Production Growth Profile Mineral Production(2) (mm oz Au eq.) Growth ~60% 2.6 – 2.7 2.1 – 2.2 1.65 40% of production from new low-cost projects 2007E 2008E 2009E (2) Refer to final slide footnote #2.

5. Slide 5: 2007 – First Quarter Results

   Kinross Gold Corporation Merrill Lynch Global Metals & Mining Conference 2007 May 9, 2007 Year-to-date share price performance(3) Kinross 13.8% StreetTRACKS Gold ETF 8.0% Harmony Gold 2.9% Gold Fields -3.1% AngloGold -3.5% Newmont Mining -6.4% Barrick Gold -7.7% Goldcorp -13.2% Agnico Eagle -13.4% (

6. Slide 6: 2007 Delivering Disciplined Growth

   Kinross Gold Corporation Merrill Lynch Global Metals & Mining Conference 2007 May 9, 2007 2007 Delivering Disciplined Growth ƒ Strong financial position to build development projects and grow the business – Capital expenditures: $450 million (ex – Kupol(5)) – Exploration and business development: $5

7. Slide 7: Progress: Buckhorn

   Kinross Gold Corporation Merrill Lynch Global Metals & Mining Conference 2007 May 9, 2007 Progress: Buckhorn ƒ Acquisition completed September 2006 ƒ All necessary on-site mine construction permits received ƒ Construction began on upper portal area and general mine infrastructure in late 2006 ƒ Fede

8. Slide 8: Progress: Kupol (75%)

   Kinross Gold Corporation Merrill Lynch Global Metals & Mining Conference 2007 May 9, 2007 Progress: Kupol (75%) ƒ Feasibility completed in 2005, currently under construction – Projected to produce 413,000 ozs of gold (7) annually (Kinross’ share) – Costs expected to be $130/oz Au eq. ƒ Reserves: 3.3

9. Slide 9: Kinross Goals & Objectives – 2007

   Kinross Gold Corporation Merrill Lynch Global Metals & Mining Conference 2007 May 9, 2007 Kinross Goals & Objectives – 2007 Deliver Asset Best Talent, Building Blocks Drive Future Value Performance Best Teams for the Future Enhance Financial & Optimize Industry Leading in EH&S Attract & Retain the B

10. Slide 10: The Kinross Advantage

    Kinross Gold Corporation Merrill Lynch Global Metals & Mining Conference 2007 May 9, 2007 The Kinross Advantage Industry Kinross Today Challenge By 2009, over 40% of production is High Cost Low Cost expected to be from new low-cost Production Producer projects. Paracatu – 33 yrs Short Long Mine Kupo

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