TORONTO, Ontario - Kinross Gold Corporation ("Kinross" or the "Company") (TSX-K; NYSE-KGC) is pleased to announce that it has increased its revolving credit facility to US$295 million. The credit facility matures in three years, and includes several new banks.

The new credit facility was co-led by Scotia Capital, which also acted as Administrative Agent, and Société Générale, which also acted as Syndication Agent. RBC Capital Markets and ANZ Banking Group Limited were Documentation Agents. A total of 10 banks participated in the facility.

Tye Burt, President and C.E.O., said, "We are pleased to have the backing of such a strong syndicate. This facility will allow Kinross more flexibility to drive the Company forward in executing our development strategy".