Kinross Announces Vend-in of Yukon Property to Create White Gold Corp. Strategic Alliance

Kinross Gold Corporation (TSX: K)(NYSE: KGC) (“Kinross”) announced today that it has entered into an agreement to acquire an approximately 19.9% interest in White Gold Corp. (TSXV: WGO) by selling its 100% interest in the White Gold exploration project in the Yukon Territory to the company.

As quoted in the press release:

“We look forward to working with Agnico Eagle and White Gold Corp. to support the pursuit of quality development opportunities in this highly prospective and largely underdeveloped district,” said J. Paul Rollinson, President and CEO of Kinross Gold. “This investment will allow the three companies to pool their expertise together to strengthen their position in this excellent mining jurisdiction.”

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