Technical Report for the Fort Knox Mine - Kinross Gold

Fort Knox Mine Technical ReportFGMI controls an extensive property position, which covers the Fort Knox gold depositand extensions of the mineralized zones. The Company has exploration anddevelopment drilling programs on the property. Kinross’ regional exploration within theFairbanks district totalled $1.4 million in 2006 and $4.4 million in 2007.At the end of 2007, FGMI had identified mineral reserves and mineral resources for thedeposit as shown in Tables 1-1 and 1-2. Table 1-1 summarizes the Proven andProbable Mineral Reserves for Fort Knox as of December 31, 2007 using an assumedgold price of $550 US per ounce.Table 1-1: Proven and Probable Mineral Reserve SummaryProven Probable Proven and ProbableSource Tonnes Grade Tonnes Grade Tonnes Grade(,000) (g/t) (,000) (g/t) (,000) (g/t)Mine 31,498 0.69 104,098 0.59 135,596 0.61Stockpile 105,319 0.35 105,319 0.35TOTAL 136,817 0.43 104,098 0.59 240,915 0.50In addition to the above noted mineral reserves, Measured and Indicated MineralResources as of December 31, 2007 at an assumed gold price of $625 US aresummarized in Table 1-2. The Gil and True North projects contain resources included inthis table, but contain no mineral reserves.Table 1-2: Measured and Indicated Mineral Resource SummaryMeasured Indicated Measured & IndicatedDeposit Tonnes Grade Tonnes Grade Tonnes Grade(,000) (g/t) (,000) (g/t) (,000) (g/t)Gil (80%) 2,838 1.03 2,838 1.03True North 3,646 1.49 3,646 1.49Fort Knox 2,664 0.67 26,643 0.59 29,307 0.60Fort Knox Area 2,664 0.67 33,127 0.73 35,791 0.72The Fort Knox area also hosts an Inferred Mineral Resource of 2.128 million tonnesaveraging 0.55 g/tonne Au at the same $625 US per ounce gold price. The majority(2.108 million tonnes) of this material is contained at the Fort Knox deposit.10