Kinross Sells Portion of Asante Gold Position

(All dollar amounts are expressed in Canadian dollars, unless otherwise noted.)

TORONTO, Sept. 23, 2025 (GLOBE NEWSWIRE) -- Kinross Gold Corporation (“Kinross”) (TSX: K, NYSE: KGC) announced today that it has sold an aggregate of 36,927,650 common shares (“Shares”) of Asante Gold Corporation (“Asante”) representing approximately 5.2% of the outstanding Shares and 100% of the Shares held by Kinross. The Shares were sold at a price per Share of C$1.98 (not including commission), representing an aggregate sale price of C$73,116,747. Prior to the sale, Kinross held approximately 5.2% of the outstanding Shares and up to 13.2% of the Shares, on a partially-diluted basis, assuming conversion of all convertible instruments held by Kinross. After the sale, Kinross remains a supportive investor in Asante through our convertible instruments that represent approximately 8.4% of the outstanding Shares on a partially diluted basis.

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