Kinross Gold announces investment in Revolution Resources

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Kinross Gold Corporation announced that it has subscribed for 6,000,000 units of Revolution Resources pursuant to a private placement. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant allows the holder to purchase one common share at an exercise price of CAD$0.75 during the four year period following the closing of the private placement. Assuming the exercise of all warrants held by Kinross, Kinross would hold 9,000,000 common shares, constituting 13.1% of Revolution's outstanding common shares. The subscription price for the units is CAD$0.50 per unit for an aggregate purchase price of CAD$3,000,000. The private placement is subject to approval by the TSX Venture Exchange.

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