ANNUAL GENERAL MEETINGMay 9, 20122012

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATIONAll statements, other than statements of historical fact, contained or incorporated by reference in or made in giving this presentation, including any information as to the futureperformance of Kinross, constitute “forward looking statements” within the meaning of applicable securities laws, including the provisions of the Securities Act (Ontario) and theprovisions for “safe harbour” under the United States Private Securities Litigation Reform Act of 1995 and are based on expectations, estimates and projections as of the date of thispresentation. Forward looking statements include, without limitation, possible events; opportunities; statements with respect to possible events or opportunities; estimates and therealization of such estimates; future development, mining activities, production and growth, including but not limited to cost and timing; success of exploration or development ofoperations; the future price of gold and silver; currency fluctuations; expected capital expenditures and requirements for additional capital; government regulation of miningoperations and exploration; environmental risks; unanticipated reclamation expenses; and title disputes. The words “aim”, “plans”, “expects”, “subject to”, “budget”, “estimate”,“scheduled”, “timeline”, “projected”, “pro forma”, “estimates”, “envision”, “view”, “forecasts”, “guidance”, “conceptual”, “seek”, “strategy”, “target”, “possible”, “illustrative”, “model”,“opportunity”, “objective”, “outlook”, “potential”, “intends”, “anticipates” or “believes”, or variations of such words and phrases or statements that certain actions, events or results“may”, “can”, “could”, “would”, “should”, “might”, “indicates”, “will be taken”, “become”, “create”, “occur”, or “be achieved”, and similar expressions identify forward looking statements.Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Kinross as of the date of such statements, areinherently subject to significant business, economic and competitive uncertainties and contingencies. Statements representing management’s financial and other outlook have beenprepared solely for purposes of expressing their current views regarding the Company’s financial and other outlook and may not be appropriate for any other purpose. Many of theseuncertainties and contingencies can affect, and could cause, Kinross’ actual results to differ materially from those expressed or implied in any forward looking statements made by, oron behalf of, Kinross. There can be no assurance that forward looking statements will prove to be accurate, as actual results and future events could differ materially from thoseanticipated in such statements. All of the forward looking statements made in this presentation are qualified by these cautionary statements, and those made in our filings with thesecurities regulators of Canada and the U.S., including but not limited to those cautionary statements made in the “Risk Factors” section of our most recently filed Annual InformationForm, the “Risk Analysis” section of our FYE 2011 and Q1 2012 Management’s Discussion and Analysis, and the “Cautionary Statement on Forward-Looking Information” in ournews release dated May 8, 2012, to which readers are referred and which are incorporated by reference in this presentation, all of which qualify any and all forward‐lookingstatements made in this presentation. These factors are not intended to represent a complete list of the factors that could affect Kinross. Kinross disclaims any intention or obligationto update or revise any forward‐looking statements or to explain any material difference between subsequent actual events and such forward‐looking statements, except to theextent required by applicable law.Other information

Where we say "we", "us", "our", the "Company", or "Kinross" in this presentation, we mean Kinross Gold Corporation and/or one or more or all of its subsidiaries, as may beapplicable. The technical information about the Company’s mineral properties (other than exploration activities) contained in this presentation has been prepared under thesupervision of and verified by Mr. Mark Sedore, an officer of the Company who is a “qualified person” within the meaning of National Instrument 43-101 (“NI 43-101”). The technicalinformation about the Company’s exploration activities contained in this presentation has been prepared under the supervision of and verified by Dr. Glenton Masterman, an officer ofthe Company who is a “qualified person” with the meaning of NI 43‐101.

AGENDA1. Review of operating and financial results

2. Kinross’ share price performance

3. Unlocking future value

OPERATING &FINANCIAL REVIEW

DELIVERING STRONG OPERATING RESULTSProduction (mm oz.)(1)

+12%

2010 2011

2.32.6

Cost of Sales ($/oz.)(2)

+18%

$506$596

2010 2011

Attributable Margin ($/oz.)(3)

+32%

$906

$685

2010 2011

(1) Refer to endnote #1.(2) Refer to endnote #2.(3) Refer to endnote #3.

DELIVERING STRONG FINANCIAL RESULTS

US

$ m

illio

ns

• Non-cash goodwill impairment reduced reported net earnings by approximately $2.9 billion

FY2010 FY20111

1.1

1.2

1.3

1.4

1.5

1.6

1.7

1.8

1.9

2

0

200

400

600

800

1000

1200

1400

1600

1800

FY2010 FY2011

0.2

0.3

0.4

0.5

0.6

0.7

0.8

0.9

1

1.1

1.2

FY2010 FY2011

Revenue +31%

Adjusted Operating Cash Flow(4)

+44%Adjusted Net Earnings(4)

+79%

$3,010

$3,943$1,599

$1,110

$486

$872

$1.35/sh

$1.41/sh

+4% $0.59/sh

$0.77/sh

+31%

(4) Refer to endnote #4.

FIRST QUARTER 2012 HIGHLIGHTS

(4) Refer to endnote #4.

Revenue+11%

Adjusted Operating Cash Flow(4)

-14%Adjusted Net Earnings(4)

+16%

US

$ m

illio

ns

Q1 2011 Q1 2012

$937$1,037

$397

$340

Q1 2011 Q1 2012

$0.35/sh

$0.30/sh

$175

$203

Q1 2011 Q1 2012

$0.15/sh

$0.18/sh

SHARE PRICE PERFORMANCE

2005 2006 2007 2008 2009 2010 2011

KinrossGold ETF Index of senior producers*S&P 500

Source: Bloomberg* Philadelphia Gold & Silver Index

SHARE PRICE PERFORMANCE

• Significant external shocks to the equity markets

• Increased perception of potential political volatility

• Significant increases in industry-wide capital and operating costs

• Increasingly risk-averse market and growth of prominence of the gold ETF

• Impact of the Red Back acquisition

GROWING CASH FLOW PER SHARE

• 5-yr CAGR: 12%

Adj

uste

d ca

sh fl

ow p

er s

hare

($/s

h)(4

)

2005

$0.51

2006

$0.80

2007

$0.56

2008

$1.01

2009

$1.36

2010

$1.35

2011

$1.41

(4) Refer to endnote #4.

TASIAST: CORNERSTONEOF LONG-TERM GROWTH

RESOURCE GROWTH AT TASIAST

Measured & Indicated Mineral Resources (inclusive of reserves)

Measured & Indicated Mineral Resources

Proven and Probable Reserves

Inferred Mineral Resources

Gol

d ou

nces

(milli

ons)

(5)

3.7

0.8

Year-end 2008

5.4

1.4

November2009

9.2

1.9

September 2010

9.3

5.1

November 2010

8.6

2.1

7.6

Year-end 2010

6.5

1.3

August2010

(Offer made)

7.5

11.1

1.9

Year-end 2011

+160%

(5) Refer to endnote #5.

TASIAST DISTRICT

• Only 8 km of 75 km strike length tested C67

C69

Piment & West Branch

PHASE 1 EXPANSION COMPLETENEW ADR PLANT

PHASE 1 EXPANSION COMPLETENEW WEST BRANCH DUMP LEACH FACILITY

PHASE 1 EXPANSION COMPLETESTRIPPING AT WEST BRANCH

TASIAST PROJECT OPTIMIZATION

• Preliminary selection of optimum processing approach expected at the end of Q2 2012

• Construction of new production facilities expected to commence mid-2013

• Ramp-up of new production facility targeted for 2015

RECRUITING

INVESTING IN OUR FUTURE AT TASIASTTASIAST RECRUITING

INVESTING IN OUR FUTURE AT TASIASTTRAINING AND DEVELOPMENT

INVESTING IN OUR FUTURE AT TASIASTBREAKING GROUND FOR NEW EMERGENCY CARE FACILITY

THE TASIAST DISTRICTRARE OPPORTUNITY FOR PURE GOLD GROWTH

SETTING THE FRAMEWORK FOR DISCIPLINED GROWTH

PROJECT DEVELOPMENT & CAPITAL ALLOCATION

• Stringent approach to project development and capital allocation

• Prioritized and re-sequenced project pipeline

• Developed a strict framework for capital allocation

PROJECT DEVELOPMENT & CAPITAL ALLOCATION• Stringent approach to project development and capital allocation• Prioritized and re-sequenced project pipeline• Developed a strict framework for capital spending

DVOINOYE, RUSSIA

LOBO-MARTE, CHILE

FRUTA DEL NORTE, ECUADOR

KINROSS: FOUNDATION FOR THE FUTURE1. Pure-gold 2.6 – 2.8 million(6) ounce producer2. Large gold reserve and resource base3. Strong financial and operating performance4. World-class gold growth assets with district potential5. Stringent approach to project development and capital allocation6. Experienced team in place to deliver on growth objectives7. Leader in corporate responsibility

(6) Refer to endnote #6.

ENDNOTES1) Unless otherwise noted, gold equivalent production, gold equivalent ounces sold and production cost of sales figures in this

presentation are based on Kinross’ ownership interest in Kupol (75% to April 27, 2011 and 100% thereafter) and 90% interestin Chirano.

2) Production cost of sales per gold equivalent ounce is a non-GAAP measure defined as attributable production cost of salesdivided by the attributable number of gold equivalent ounces sold. Production cost of sales is equivalent to total cost of salesper the financial statements less depreciation, depletion and amortization and impairment charges. For more information aboutthis non-GAAP measure, and a reconciliation of this non-GAAP financial measure for the three months ended March 31, 2012and March 31, 2011 and for the twelve months ended December 31, 2011 and December 31, 2010, please refer to the newsreleases dated May 8, 2012 and February 15, 2012, under the heading “Reconciliation of non-GAAP financial measures”, bothavailable on our website at www.kinross.com.

3) Attributable margin per ounce is defined as the average realized price of gold less attributable production cost per ounce.

4) Adjusted net earnings attributed to common shareholders and adjusted operating cash flow numbers are non-GAAP financialmeasures which are meant to provide additional information and should not be used as a substitute for performance measuresprepared in accordance with GAAP. For more information about these non-GAAP measures, and a reconciliation of these non-GAAP financial measures for the three months ended March 31, 2012 and March 31, 2011 and for the twelve months endedDecember 31, 2011 and December 31, 2010, please refer to the news releases dated May 8, 2012 and February 16, 2012,under the heading “Reconciliation of non-GAAP financial measures”, both of which are available on our website atwww.kinross.com.

5) For more information regarding Kinross’ mineral reserves and mineral resources, please refer to Kinross’ Annual Mineral Reserve and Mineral Resource Statement as of December 31, 2011, contained in the press release dated February 15, 2012 available on our website at www.kinross.com. For historical mineral resource estimates relating to the Tasiast property, please refer to Red Back Mining’s public filings, available under Red Back’s profile on SEDAR.

6) For more information regarding Kinross production and cost forecast for 2012, please refer to the press release dated January16, 2012, available on our website at www.kinross.com.