EX-99.2 3 t81903_ex99-2.htm EXHIBIT 99.2

Exhibit 99.2
Fort Knox Mine
Fairbanks North Star Borough, Alaska, USA
National Instrument 43-101 Technical Report
Prepared for:
Kinross Gold Corporation
Prepared by:
John Sims, AIPG Certified Professional Geologist
Effective Date: March 31, 2015

| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

C o n t e n t s
CONTENTS |  | I
TABLES | IV
FIGURES | V
1 | SUMMARY |  | 1
| 1.1 | Executive Summary |  | 1
| 1.2 | Technical Summary |  | 1
2 | INTRODUCTION |  | 12
| 2.1 | Qualified Persons |  | 13
| 2.2 | Information Sources |  | 13
| 2.3 | Effective Dates |  | 13
| 2.4 | List of Abbreviations |  | 14
3 | RELIANCE ON OTHER EXPERTS |  | 15
4 | PROPERTY DESCRIPTION AND LOCATION |  | 16
| 4.1 | Location and Overview |  | 16
| 4.2 | Mineral Tenure and Rights |  | 17
| 4.3 | Royalties and Other Encumbrances |  | 20
| 4.4 | Permitting |  | 21
5 | ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY |  | 22
| 5.1 | Accessibility, Local Resources, and Infrastructure |  | 22
| 5.2 | Climate |  | 23
| 5.3 | Physiography |  | 23
6 | HISTORY |  | 24
| 6.1 | Prior Ownership |  | 24
| 6.2 | Exploration and Development History |  | 24
| 6.3 | Past Production |  | 26
7 | GEOLOGICAL SETTING AND MINERALIZATION |  | 28
| 7.1 | Regional Geology |  | 28
| 7.2 | Local and Property Geology |  | 29
| 7.3 | Mineralization |  | 34
8 | DEPOSIT TYPES |  | 37
9 | EXPLORATION |  | 38
10 | DRILLING |  | 39
| 10.1 | Drill Hole Summary |  | 39
| 10.2 | Collar and Downhole Surveys |  | 42
| 10.3 | Recovery |  | 43
| 10.4 | Logging |  | 43
| 10.5 | Geotechnical and Dewatering Holes |  | 43
11 | SAMPLE COLLECTION, PREPARATION, ANALYSES, AND SECURITY |  | 44
| 11.1 | Sampling Methodology |  | 44
| 11.2 | Sample Security |  | 45

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

| 11.3 | Preparation and Analysis |  | 45
| 11.4 | Quality Assurance a n d Quality Control |  | 47
| 11.5 | Comment on Sample Preparation, Analyses, and Security |  | 52
12 | DATA VERIFICATION |  | 53
| 12.1 | Fort Knox |  | 53
| 12.2 | Gil |  | 53
| 12.3 | Comment on Data Verification |  | 54
13 | MINERAL PROCESSING AND METALLURGICAL TESTING |  | 55
| 13.1 | Fort Knox |  | 55
| 13.2 | Gil |  | 56
14 | MINERAL RESOURCE ESTIMATE |  | 58
| 14.1 | Mineral Resource Statement |  | 58
| 14.2 | Fort Knox Mineral Resource Estimate |  | 59
| 14.3 | Gil Mineral Resource Estimate |  | 69
15 | MINERAL RESERVE ESTIMATE |  | 83
| 15.1 | Basis of Reserve Estimate and Pit Optimization |  | 84
| 15.2 | Cutoff Grade |  | 87
| 15.3 | Comment on Mineral Reserves |  | 88
16 | MINING METHODS |  | 89
| 16.1 | Mine Design and Parameters |  | 89
| 16.2 | Production Rates and Life-of-Mine |  | 92
| 16.3 | Stripping Requirements |  | 93
| 16.4 | Mine Equipment |  | 94
| 16.5 | Personnel Requirements |  | 94
17 | RECOVERY METHODS |  | 95
| 17.1 | Milling Methods and Capacity |  | 95
| 17.2 | Heap Leach Facility |  | 98
| 17.3 | Recoveries |  | 98
| 17.4 | Energy, Water, and P rocess Material Requirements |  | 100
18 | PROJECT INFRASTRUCTURE |  | 103
| 18.1 | Roads and Pipelines |  | 103
| 18.2 | Dumps, Stockpiles, and Heap Leach |  | 103
| 18.3 | Tailings Disposal |  | 105
| 18.4 | Water Supply |  | 106
| 18.5 | Power Supply |  | 106
| 18.6 | Buildings and Equipment Areas |  | 106
19 | MARKET STUDIES AND CONTRACTS |  | 107
20 | ENVIRONMENTAL STUDIES, PERMITTING, AND SOCIAL OR COMMUNITY IMPACT |  | 108
| 20.1 | Environmental Management |  | 108
| 20.2 | Permitting |  | 115
| 20.3 | Social and Community Requirements |  | 120
| 20.4 | Mine Closure Requirements and Costs |  | 120
21 | CAPITAL AND OPERATING COSTS |  | 125
| 21.1 | Capital Costs |  | 125
| 21.2 | Operating Costs |  | 125

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

22 | ECONOMIC ANALYSIS |  | 126
23 | ADJACENT PROPERTIES |  | 127
24 | OTHER RELEVANT DATA AND INFORMATION |  | 128
25 | INTERPRETATION AND CONCLUSIONS |  | 129
| 25.1 | Mineral Resource Estimation |  | 129
| 25.2 | Mining and Mineral Reserves |  | 130
| 25.3 | Process |  | 130
| 25.4 | Environmental Considerations |  | 130
26 | RECOMMENDATIONS |  | 132
27 | REFERENCES |  | 133
28 | DATE AND SIGNATURE PAGE |  | 135
APPENDIX A – COMPLETE LISTIN G OF STATE MINING CLAIMS |  | 136
APPENDIX B – COMPLETE LISTIN G OF FEDERAL MINING CLAIMS |  | 162
APPENDIX C – GIL CUMULATIVE PROBABILITY PLOTS BY DOMAIN |  | 163

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

T a b l e s |  |
Table 1-1: Fort Knox Mineral Resour c e Estimate Effective December 31, 2014 |  | 6
Table 1-2: Gil Mineral Resource Estimate Effective December 31, 2014 |  | 6
Table 1-3: Fort Knox Mineral Resour c e Estimate Effective December 31, 2014 |  | 6
Table 1-4: Fort Knox Capital Cost Summary (US$x 1,000) |  | 9
Table 1-5: Fort Knox Operating Cost Summary (US$x 1,000) |  | 9
Table 4-1: Mineral Tenure – Unpatented Federal Claim Summary, Fort Knox Property |  | 20
Table 4-2: Royalties and Other Encumbrances |  | 21
Table 6-1: Fort Knox Production Summary |  | 27
Table 10-1: Fort Knox Drilling Summary by Campaign and Type |  | 40
Table 10-2: Gil Drilling Summary by C ampaign and Type |  | 42
Table 11-1: Fort Knox 2011-2014 Summary of Analytical Quality Control Data – Blanks |  | 48
Table 11-2: Fort Knox 2011-2014 Summary of Analytical Quality Control Data – CRM |  | 48
Table 11-3: Gil 2012-2014 Summary of Analytical Quality Control Data – Blanks |  | 52
Table 11-4: Gil 2012-2014 Summary of Analytical Quality Control Data – CRM |  | 52
Table 14-1: Fort Knox Mineral Resource Estimate Effective December 31, 2014 |  | 58
Table 14-2: Gil Mineral Resource Estimate Effective December 31, 2014 |  | 59
Table 14-3: Fort Knox Drillhole Database Statistics |  | 60
Table 14-4: Fort Knox Domains and Contact Relationships |  | 61
Table 14-5: Fort Knox Au Capping A n alysis |  | 62
Table 14-6: Fort Knox Gold Assay Statistics by Domain |  | 63
Table 14-7: Fort Knox Capped Gold Composite Grade Statistics by Domain |  | 64
Table 14-8: Fort Knox Variography Parameters |  | 64
Table 14-9: Fort Knox EOY 2014 Model Parameters |  | 65
Table 14-10: Fort Knox Resource Classification Parameters |  | 66
Table 14-11: Fort Knox Grade-Tonnage Curve Data |  | 68
Table 14-12: Fort Knox Resource Cutoff Calculation |  | 69
Table 14-13: Gil-Sourdough Lithological Codes |  | 70
Table 14-14: Gil Specific Gravity by Domain |  | 71
Table 14-15: Gil Estimation Domains and Contact Relationships |  | 73
Table 14-16 Gil Au Capping Analysis |  | 74
Table 14-17: Gil Uncapped and Capped Au Composite Statistics by Domain 1 |  | 75
Table 14-18: Gil Capped and Declustered Au Statistics by Domain 1 |  | 75
Table 14-19: Gil Variography Parameters |  | 76
Table 14-20: Gil 2014 Block Model Origin and Extents |  | 76
Table 14-21: Gil 2014 Resource Model Variables |  | 78
Table 14-22: Gil Grade-Tonnage Curve Data for OK Model |  | 80
Table 14-23: Gil Resource Cutoff Calculation |  | 81
Table 15-1: Fort Knox Mineral Reser v e Estimate Effective December 31, 2014 |  | 83
Table 15-2: Fort Knox Pit Optimization Parameters |  | 85
Table 15-3: Fort Knox Mineral Reser v e Cutoff Grade Calculation |  | 87
Table 16-1: Fort Knox Life of Mine Plan Production Schedule |  | 93
Table 16-2: Fort Knox Current Mining Equipment |  | 94
Table 17-1: Fort Knox 2014 Water C o nsumption |  | 101

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Table 17-2: Fort Knox 2014 Processing Material Consumption |  | 102
Table 20-1: Key Operating Permits and Environmental Assessments |  | 116
Table 21-1: Fort Knox Capital Cost Summary (US$ x 1,000) |  | 125
Table 21-2: Fort Knox Operating Cost Summary (US$ x 1,000) |  | 125

F i g u r e s
Figure 2-1: Fort Knox Mine Location |  | 12
Figure 4-1: General Location of Fort Knox Mine and Gil Project |  | 16
Figure 4-2: Mineral Tenure and Rights at Fort Knox mine and Gil Project |  | 18
Figure 5-1: Fort Knox Mine Local Infrastructure |  | 22
Figure 7-1: Regional Geology of the Fairbanks District, Yukon-Tanana Terrane |  | 29
Figure 7-2: Property Geology at Fort Knox |  | 30
Figure 7-3: Local Geology at Gil |  | 32
Figure 7-4: Gil Interpreted Geological Cross-section |  | 33
Figure 10-1: Fort Knox Drill Hole Location Plan |  | 39
Figure 10-2: Gil Drill Hole Location Plan |  | 41
Figure 13-1: Fort Knox Plant Gold Recoveries vs Mill Feed vs Recovered Metal 2004-2013 |  | 55
Figure 13-2: Gil Gold Recovery vs Leach Pad Solution Volume |  | 56
Figure 13-3: Gil Cyanide Consumption vs Recovery |  | 57
Figure 14-1: Fort Knox Contact Plot Analysis |  | 62
Figure 14-2: Fort Knox Log Cumulati v e Probability Plot of Uncapped Assay Data |  | 63
Figure 14-3: Fort Knox Grade-Tonnage Curve |  | 67
Figure 14-4: Gil and North Gil Section Views Showing Domains |  | 72
Figure 14-5: Gil Grade-Tonnage Curve |  | 80
Figure 14-6: Gil Swath Plots by Northing, Easting, and Elevation. |  | 81
Figure 16-1: Excavator and Haul Tru c ks Working in the Fort Knox Pit |  | 89
Figure 16-2: Fort Knox Mine Phase Locations |  | 90
Figure 16-3: Fort Knox Geotechnical Slope Sectors |  | 91
Figure 17-1: Fort Knox Mill Complex Site Plan |  | 96
Figure 17-2: Fort Knox Plant Process Flow Sheet |  | 97
Figure 17-3: Fort Knox CIP Plant Monthly Au Recoveries 2004 to 2014 |  | 99
Figure 17-4: Fort Knox CIC Plant Monthly Au Recoveries 2009-2014 |  | 100
Figure 17-5: Fort Knox 2014 Processing Power Consumption |  | 101
Figure 18-1: Fort Knox Project Infrastructure |  | 104

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

1 | SUMMARY

1.1 | Executive Summary

Kinross Gold Corporation (Kinross) has prepared a Technical Report for the wholly-owned and operated Fort Knox mine (Fort Knox) and Gil project (Gil), located in Fairbanks North Star Borough, Alaska. Fairbanks Gold Mining Inc. (FGMI) is Kinross’ operating entity for Fort Knox and Gil. The Technical Report conforms to National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101) and has an effective date of March 31, 2015. Kinross will be using this Technical Report to support disclosure of mineral resources and mineral reserves at Fort Knox and mineral resources at Gil.

1.2 | Technical Summary

Kinross’ Fort Knox property includes the Fort Knox open pit mine, mill, tailings storage facility, heap leach facility, the Gil project, and the True North open pit mine (which is under post-closure monitoring). In general, “Fort Knox” in this report refers specifically to the Fort Knox open pit operation or deposit, whereas “Fort Knox property” refers to the broader land package and assets listed previously. Mineral resources for the Fort Knox and Gil deposits are discussed and reported separately.

1.2.1 | Property Description and Location

Fort Knox is located 42 km by road northeast of the city of Fairbanks, in Alaska, United States of America. Kinross’ mining and exploration properties are located within the Fairbanks mining district, a northeast trending belt of lode and placer gold deposits that compose one of the largest gold producing areas in the state of Alaska.
The Fort Knox property includes the Fort Knox open pit mine, mill, heap leach, tailings storage facility, True North open pit and the Gil property, and encompasses 30,917 ha. FGMI controls a large and diverse group of properties that comprise its mineral holdings in the Fairbanks Mining District. These properties include State of Alaska mining claims, patented and unpatented Federal lode and placer mining claims, and private land. Some of the claims are owned outright, while others are controlled through leases. Mineral reserves at the Fort Knox mine are situated on 505 ha (1,248 ac) of land that are covered by a State of Alaska Millsite Lease and the Fort Knox Upland Mining Lease.
The State of Alaska Upland Lease carries a 3% production royalty, based on net income and recovery of initial capital investment. Mineral production from State mining claims is subject to a mine license tax, following a three year grace period after production commences. There has been no production from State claims situated outside the boundaries of the Upland Lease at the Fort Knox mine.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

All requisite permits have been obtained for mining of the existing Fort Knox open pit mine and are in good standing in all material respects. Current expansion projects for waste rock and heap leach were approved by the necessary agencies in 2014.

1.2.2 | Accessibility, Climate, Local Resources, Infrastructure, and Physiography

The Fort Knox mine is situated close to the city of Fairbanks, which is a major population, service, and supply centre for the interior region of Alaska. Fairbanks is the second largest city in Alaska, with an estimated population of approximately 32,000 residents and a further 68,000 residents within the Fairbanks North Star Borough. Services and supplies to support the local and regional needs, along with the mining and processing operations of Kinross, are available in Fairbanks. Fairbanks is served by major airlines and the Alaska Railroad, and is connected to Anchorage and Whitehorse, Canada by a series of well-maintained paved highways.
Access to the Fort Knox mine from Fairbanks is by 34 km of paved highway and 8 km of unpaved road. The True North mine is located 18 km west of Fort Knox and is accessible by an unpaved road.
The Fairbanks area has a continental sub-arctic climate, with long cold winters and short summers. The Fort Knox mine operates 365 days/year; weather conditions, such as temperature inversions or slippery road surfaces, will typically negatively impact production in the open pit for only portions of a few shifts annually.
The topography of the region comprises low hills and broad valleys occupied by meandering streams, with elevation ranges from 150 to 1,000 m. In the predominantly forested region, vegetation varies by soil-type and includes spruce, birch and willow trees, various shrubs, grasses, and mosses. Permafrost is discontinuous throughout the project area.

1.2.3 | History

An Italian prospector named Felix Pedro discovered gold in the Fairbanks mining district in 1902. Between 1902 and 1993, more than 8 Moz of predominately placer gold were mined in the district. In 1984, a geologist discovered visible gold in granite-hosted quartz veins on the Fort Knox property. Between 1987 and 1991, a number of companies conducted extensive exploration work on the Fort Knox, True North, and Gil properties. In 1992, Amax Gold Inc. (now Kinross) acquired ownership of Fort Knox. Construction of the Fort Knox mine and mill operations began in 1995 and was completed in 1997. Commercial production at Fort Knox was achieved on March 1, 1997. In 2008, Kinross commenced construction of a heap leach processing facility, which was commissioned in 2009.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

In 1991, Amax Gold Inc. entered into a joint venture agreement with Teryl Resources Corp. to explore the Gil property. In 2011, Kinross acquired Teryl’s remaining interest in the Gil property.
Kinross acquired ownership of the True North property in 1999 as a result of the acquisition of La Teko Resources and from acquiring Newmont’s 65% interest in the property.

1.2.4 | Geological Setting and Mineralization

The Fort Knox property is located in the Fairbanks mining district, a southwest–northeast trending belt of lode and placer gold deposits. The Fairbanks district is situated in the northwestern part of the Yukon-Tanana Upland, and is underlain by Precambrian to upper Paleozoic poly-metamorphic rocks of the Yukon-Tanana Terrane (YTT). The region has undergone at least two periods of dynamo-thermal metamorphism, which included an early prograde amphibolite event, followed by a retrograde, greenschist facies event.
The Proterozoic to lower Paleozoic Fairbanks Schist is the dominant lithology in the district, which is composed mainly of quartz-muscovite schist and amphibolite. The Cleary Sequence, which consists of dominantly bimodal meta-rhyolite and meta-basalt with actinolite schist is intercalated with the Fairbanks Schist. In the northern part of the district, there are metamorphosed rocks of the Chatanika terrane.
The Fort Knox deposit is hosted by a west-northwest trending, late-Cretaceous granitic complex, the Fort Knox Pluton, which intruded the Fairbanks Schist. The surface exposure of the intrusive body is approximately 1,100 m east-west and 600 m north-south and it has been subdivided into three mappable phases based on textural differences. The pluton is offset by two northeast structures, which display left-lateral strike slip movement. These structures, the Monte-Cristo Fault and Melba Fault, are regional in extent and offset the Gilmore Dome Pluton south of Fort Knox.
Gold-bismuth-tellurium mineralization is restricted to the Fort Knox Pluton and is strongly structurally controlled. Gold occurs within and along margins of pegmatite veins, quartz veins and veinlets, within shear zones, and along fractures within the granite. The stockwork veins strike predominantly east and dip randomly. Shear zones generally strike northwest and dip moderately to the southwest.
Brittle deformation in the Gil area is related to contact metamorphism and the regional amphibolite/greenschist events. At least three penetrative phases of deformation are recognized at Gil. As a result, large-scale asymmetric folds and faults are present and trend northeast with variable dip. The most laterally extensive of these faults are the regional-scale, oblique faults that occur throughout the YTT. The oldest fault surfaces are low-angle reverse faults, sub-parallel to the principal fold axes, and often form the

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

contacts between lithologies. Conjugate to the northeast-striking faults are numerous northwest-striking faults that dip steeply to the southwest or vertically.
Gold mineralization at Gil is primarily hosted in joints, quartz veins, and shears which crosscut diverse, polydeformed metamorphic rocks, consisting of quartz-muscovite schist, quartzite, calc-schist, calc-silicate (biotite-pyroxene-amphibole-quartz-calcite

1.2.5 | Exploration

Exploration has been undertaken by FGMI, and standard exploration procedures have been used at Fort Knox and Gil including reconnaissance and detailed geologic mapping, soil and rock chip sampling, and trenching based on soil anomalies.

1.2.6 | Drilling

The Fort Knox deposit has been defined by a total of 1,421 drillholes (489 diamond core holes, 792 reverse circulation (RC) holes, and 140 geotechnical and dewatering holes) totalling 338,515 m. The Gil deposit has been defined by a total of 738 drillholes (comprising 581 RC, 154 diamond, and 25 rotary holes) totalling 73,876 m.
Core diameter size has been predominantly HQ3 (61.1 mm) since 2012, and was HQ (63.5 mm) in 2011, PQ3 (83.1 mm) from 1998-2010, and PQ (85.0 mm) prior to 1998. Since 2011, FGMI has used a triple tube recovery system to minimize fines loss. RC holes completed by FGMI typically have a diameter of 139.7 mm.

1.2.7 | Sample Collection, Preparation, Analyses, and Security

Both core and RC samples are taken on 1.52 m (5 ft) intervals. Samples are stored in a area with controlled access inside or near the secure core logging facility prior to being shipped to an independent laboratory, currently ALS Minerals in Vancouver, B.C., Canada.
FGMI’s Quality Control and Quality Assurance (QA/QC) program is designed to ensure the accuracy and integrity of the data. The analytical quality control program includes the submission of blank, certified reference material (CRM), and duplicate samples as well as umpire check assaying.
The results of all submitted control samples are carefully monitored, and FGMI’s technical staff investigates any samples falling outside of the permitted values, with the batch re-ran if necessary. Annual analytical quality control reviews are prepared by site geologists.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

1.2.8 | Data Verification

A number of verification checks have been performed on data collected from both Fort Knox and Gil, either in support of technical reports or resource models, or as part of FGMI’s internal validation process. These include external audits of Fort Knox by SRK in 2014, and by RPA in 2011 and 2008. The Gil database was subject to an internal database audit in 2013.

1.2.9 | Mineral Processing and Metallurgical Testing

Higher grade ore is treated in the mill to recover gold. Metallurgical testing for mill design was conducted by the previous owners of the property. The mill at Fort Knox uses the conventional processes of fine grinding in semi-autogenous and ball mills, gravity concentration and cyanide leaching, followed by gold adsorption on carbon and carbon stripping. An average milling rate of above 36,000 t/d has been maintained since attaining commercial production in 1997. The ore is free milling and historically has come from a single style of mineralization, yielding consistent recovery which is related to mill feed grade. During recent years typical recovery has been in the order of 81%.
True North ore contained a higher level of suphides than Fort Knox ore, and required enhanced reagent additions to maximize recovery.
Lower grade ore from the Fort Knox mine is processed by heap leaching to extract gold. The design of the heap leach facility was based on projected heap leach recoveries obtained in laboratory testing of eight bulk samples which were representative of the material to be leached. Gold recoveries from the run-of-mine (ROM) feeds ranged from 28% to 93%. Average gold recovery was 61.2% with an average of 224 days of leaching and rinsing. These tests allowed a recovery relationship to be developed. At the conclusion of the heap leach operation the cumulative recovery from all tonnes placed is estimated to be approximately 65% of the contained gold.
Projected heap leach recoveries for Gil are based on laboratory testing of six column tests from FGMI and three column tests conducted by a commercial testing laboratory. Gold recovery in the tests was shown to be related to the solution:ore ratio and leaching time, such that after irrigation with 2.6 tonnes solution per tonne of ore, an average recovery of 70% was projected. Cyanide consumption is also related to the irrigation rate and time.

1.2.10 | Mineral Resource Estimate

Mineral Resources for Fort Knox (Table 1-1) and Gil (Table 1-2) are reported exclusive of mineral reserves within a US$1,400/oz gold price pit shell, but outside of the Life of

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Mine US$1,200/oz gold price pit. Mineral resources are reported at a cutoff grade of 0.16 g/t gold for Fort Knox and 0.21 g/t for Gil.

| Table 1-1: Fort Knox Mineral Resource Estimate Effective December 31, 2014

Classification | Tonnes (000’s) | Au Grade (g/t) | Au Ounces (000’s)
Measured | 8,416.2 | 0.41 | 109.6
Indicated | 67,521.3 | 0.37 | 802.6
TOTAL | 75,937.5 | 0.37 | 912.2
Inferred | 9,474.1 | 0.41 | 126.3

Notes:
1. Mineral Resources are exclusive of Mineral Reserves.
2. Mineral Resources are estimated according to CIM Definitions.
3. Mineral Resources are estimated at a cutoff grade of 0.16 g/t Au based on a gold price of US$1,400/oz.

| Table 1-2: Gil Mineral Resource Estimate Effective December 31, 2014

Classification | Tonnes (000’s) | Au Grade (g/t) | Au Ounces (000’s)
Measured | - | - | -
Indicated | 29,515.8 | 0.56 | 532.7
TOTAL | 29,515.8 | 0.56 | 532.7
Inferred | 4,026 | 0.49 | 62.8

Notes:
1. Mineral Resources are exclusive of Mineral Reserves.
2. Mineral Resources are estimated according to CIM Definitions.
3. Mineral Resources are estimated at a cutoff grade of 0.21 g/t Au based on a gold price of US$1,400/oz.

1.2.11 | Mineral Reserve Estimate

The Proven and Probable Mineral Reserves as of December 31, 2014 are estimated to be 163.8 Mt at 0.46 g/t Au and containing 2,398,400 oz Au (Table 1-3). Mineral reserves are reported for Fort Knox only; there are currently no reserves for Gil.

| Table 1-3: Fort Knox Mineral Resource Estimate Effective December 31, 2014

Classification | Tonnes (000’s) | Au Grade (g/t) | Au (000 ounces)
Proven | 24,003.5 | 0.56 | 435.2
Stockpiles | 43,851.8 | 0.31 | 436.7
Subtotal | 67,855.3 | 0.40 | 871.9
Probable | 95,988.5 | 0.49 | 1,526.5
TOTAL | 163,843.8 | 0.46 | 2,398.4

Notes:
1. Mineral Resources are estimated according to CIM Definitions.
2. The cutoff grades are based on a gold price of US$1,200/oz.
3. Proven Reserve contains stockpiles.
4. Mineral Reserves are reported to a cutoff grade of 0.35g/t Au for A-ore (mill), 0.29g/t for B-ore (stockpile), and 0.19 g/t for C-ore (leach).

1.2.12 | Mining Methods

Mining at Fort Knox is by conventional truck-shovel open pit methods with loading and hauling rates of up to 92 Mt/a. Material moved consists of ore and waste mined from

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

the pit plus ore and waste rehandling. Higher grade ore is processed in a CIP mill, typically at a rate of approximately 13.2 Mt/a. Up to 30 Mt/a of lower grade run-of-mine (i.e., uncrushed) ore is processed at a heap leach facility commissioned in 2009. Standard drilling and blasting techniques are used, and the blast holes are sampled and assayed for production grade control purposes. Within the mineralized granite, above cutoff mineralization is grouped by cutoff grade into three ore types; A ore (mill feed); B ore (transition – mill feed or heap leach depending on mill demands); and C ore (heap leach material).

1.2.13 | Recovery Methods

Fort Knox operates two ore processing lines: a mill operation consisting of crushing, grinding, agitated cyanide leaching, and a carbon-in-pulp (CIP) circuit; and a run-of-mine valley-fill cyanide heap leaching operation where gold is recovered using two parallel carbon-in-column (CIC) circuits. Gold is recovered from solution by electrowinning and poured into doré bars at the in the mill refinery.
Higher grade ore from the Fort Knox mine is processed in the CIP mill, which is located near the Fort Knox open pit. The mill processes ore 24 hours per day, 365 days per year at a nominal capacity of 36,287 t/d (40,000 stpd) of fresh feed. The mill includes of a primary crusher, a conventional semi-autogenous mill and 2 ball mills operating in closed circuit with hydrocyclones to control grind size, gravity concentrators to recover coarse gold, cyanide tank leaching, recovery of gold on activated carbon in the CIP circuit, and a carbon elution and carbon regeneration circuit.
The Fort Knox mill facility was constructed in 1995, the first doré produced in December 1996 and commercial production achieved in March 1997. Gold recoveries at the Fort Knox CIP mill have historically ranged between 78- 90% since production began in 1996. The mill is expected to produce 58.9% of the 2015 metal plan.
Lower grade ore from the Fort Knox mine is processed at the Walter Creek heap leach facility, a valley-fill heap leach which has been operational since 2009. Run-of-mine ore from the pit and existing stockpiles is dumped with the addition of lime, onto leach cells in 15 m lifts. Material is dumped during nine months per year to avoid the coldest period, however irrigation of the heap is maintained year-round using buried piping and dripper systems.
In the heap leach operation, irrigation of the heap with cyanide solution extracts gold from the ore into solution. The solution is captured within the 416 ML heap reservoir, and is pumped at a fixed rate to the mill to be processed in two parallel carbon-in-column (CIC) circuits with a combined capacity of 61,000 L/m (16,000 gpm). Gold is extracted to activated carbon and periodically stripped and refined to gold bars.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

The gold recovery from the heap leach ore was 49.9% to date at the end of December 2014 and is predicted to be 65% at the conclusion of the operation. The Walter Creek heap leach facility will produce 41.1% of the total metal plan for 2015.

1.2.14 | Project Infrastructure

The private Fish Creek Road provides access to the property from the state highway. The major pipelines on the site are for dewatering, freshwater, heap leach, decant, and seepage reclaim.
Three waste dumps are located adjacent to the pit; the Barnes Creek, Yellow Pup, and Fish Creek waste dumps. There are typically stockpiles for all ore types (A, B, and C ore). The Walter Creek heap leach pad is located in the upper end of the Walter Creek drainage, immediately upstream of the tailings storage facility (TSF).
The permitted area of the TSF encompasses approximately 630 ha (1,556 ac). The TSF dam is approximately 1,338 m long and 107 m tall at the crest. It impounds all of the tailings generated by the mill. The TSF and the mill form a closed system for process water. Water used in the mill is pumped from the decant pond and process water which has had the cyanide level reduced to low levels is returned to the decant pond in the tailings slurry.
The fresh water supply reservoir provides make-up water to the Mill and Barge Pond and is located on Fish Creek approximately 5 km below the tailings impoundment and encompasses approximately 70 ha (173 ac).
The Fort Knox monthly electrical power requirement ranges between 32 and 35 Mw, and is supplied by a powerline extending from the Golden Valley Electric Association substation at Gold Hill to Fort Knox site, a distance of approximately 47 km.
Buildings on site include the mill complex, administration and security building, maintenance facility and warehouse, and primary crusher and control office.

1.2.15 | Environmental Studies, Permitting, and Social or Community Impact

Fort Knox operates in material compliance with applicable environmental laws and regulations and with Kinross’ policies on environment, health and safety. There are no known material environmental concerns at Fort Knox. A comprehensive Environmental, Health, and Safety System is in place and comprises 18 environmental management plans to manage, monitor, and maintain process components site wide.
The Tailings Storage Facility (TSF) is designed and operated according to the Guidelines for Cooperation with the Alaska Dam Safety Program. The Tailings Dam Operation and Maintenance Manual has been developed to include these guidelines, along with the Alaska Department of Environmental Conservation’s monitoring

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

requirements. The Tailings Dam Operation and Maintenance Manual is subject to a rigorous review and audit process and is updated on an annual basis.
Various inspections and reviews of the TSF are carried out including: routine, extraordinary, and periodic inspections; quarterly instrumentation reviews; annual dam inspections; internal triennial third-party dam reviews; construction completion reports; failure modes and effects analysis; engineered risk assessment; and dam break analysis.
Kinross estimates the net present value of future cash outflows for site restoration costs at Fort Knox and True North under International Financial Reporting Standards (“IFRS”), International Accounting Standard 37 (“IAS 37”) and International Financial Reporting Interpretation Committee 1 (“IFRIC 1”) for the year ended December 31, 2014, at approximately US$67.6 million. Kinross currently has posted approximately US$99.2 million of letters of credit to various regulatory agencies in connection with its closure obligations at Fort Knox and True North.

1.2.16 | Capital and Operating Costs

Life-of-mine (LOM) sustaining capital is estimated to be US$325 million for the period 2015 to 2019 (Table 1-4).

| Table 1-4: Fort Knox Capital Cost Summary (US$ x 1,000)

Capital Cost | Equipment/ Infrastructure | Mine Development | Other | Total
Underground | - | - | - | -
Surface | 69,316 | 150,792 | - | 220,108
Processing | 103,678 | - | - | 103,678
Other | 1,000 | - | - | 1,000
Total | 173,993 | 150,792 | - | 324,785

Operating costs are tracked and well understood. Total LOM operating costs and 2015 target cost per tonne are summarized in Table 1-5.

| Table 1-5: Fort Knox Operating Cost Summary (US$ x 1,000)

Operating Costs | US$ LOM | 2015 Cost (US$)/ Tonne Processed
Surface (incl. Stripping) | 882,181 | 4.817
Processing | 381,384 | 2.634
G&A | 158,043 | 1.166
Other | 56,885 | 0.000
Total | 1,478,494 | 8.618

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

1.2.17 | Economic Analysis

Under NI 43-101 rules, a producing issuer may exclude the information required for Item 22 – Economic Analysis on properties currently in production, unless the Technical Report prepared by the issuer includes a material expansion of current production. Kinross is a producing issuer, the Fort Knox mine is currently in production, and a material expansion is not included in the current LOM plans. Kinross has carried out an economic analysis of Fort Knox using the estimates presented in this report and confirms that the outcome is a positive cash flow that supports the statement of Mineral Reserves.

1.2.18 | Conclusions

| ■ | Mineral Resource estimates have been prepared using acceptable estimation methodologies. The classification of Measured, Indicated, and Inferred Resources conform to Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards for Mineral Resources and Mineral Reserves dated November 27, 2010.

| ■ | The Mineral Reserve estimates have been prepared using acceptable estimation methodologies and the classification of Proven and Probable Reserves conform to CIM Definition Standards.

| ■ | Protocols for drilling, sampling, analysis, security, and database management meet industry accepted practices. The drillhole databases were verified and are reasonable for supporting a resource model for use in Mineral Resource and Mineral Reserve estimation.

| ■ | Kinross is not aware of any environmental, permitting, legal, title, taxation, socio-economic, marketing, political, or other modifying factors which could materially affect the open pit mineral resource estimates.

| ■ | The EOY 2014 Measured and Indicated Mineral Resources for Fort Knox, exclusive of Mineral Reserves, total 75.9 Mt at 0.37 g/t Au and contain 912,200 oz Au.

| ■ | The EOY 2014 Inferred Mineral Resources for Fort Knox total 9.5 Mt at 0.41 g/t Au and contain 126,300 oz Au. The resource estimate gold cutoff grade is 0.16 g/t.

| ■ | The EOY 2014 Measured and Indicated Mineral Resources for Gil, exclusive of Mineral Reserves, total 29.5 Mt at 0.56 g/t Au and contain 532,700 oz Au. The EOY 2014 Inferred Mineral Resources for Gil total 4.0 Mt at 0.49 g/t Au and contain 62,800 oz Au. The Gil resource estimate gold cutoff grade is 0.21 g/t.

| ■ | The EOY 2014 open pit Proven and Probable Reserves for Fort Knox, including existing stockpiles scheduled for processing, are estimated to be 163.8 Mt at 0.46 g/t Au, containing 2.4 Moz Au. The reserve cutoff grades range

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

|  | from 0.19 g/t Au for C (processed in heap leach) ore to 0.35 g/t Au for A ore (processed in mill).

| ■ | Recovery and cost estimates are based on actual operating data and engineering estimates.

| ■ | Economic analysis of the Fort Knox Life-of-Mine (LOM) plan generates a positive cash flow and meets the requirements for statement of Mineral Reserves. In addition to the Mineral Reserves in the LOM plan, there are Mineral Resources that represent opportunities for the future.

| ■ | Fort Knox operates two ore processing lines: a mill operation consisting of crushing, grinding, agitated leaching, and a carbon-in-pulp (CIP) circuit; and a run-of-mine valley-fill cyanide heap leaching operation, processed through two parallel carbon-in-column (CIC) circuits.

| ■ | FGMI is constantly seeking excellence in its occupational health and safety, environmental and social responsibility system. Kinross is signatory to the Cyanide Code, and Fort Knox is certified under The Code. A comprehensive Environmental, Health, and Safety System (EHSS) comprises 18 environmental management plans to manage, monitor, and maintain process components site wide.

| ■ | The Tailings Storage Facility is designed and operated according to the Guidelines for Cooperation with the Alaska Dam Safety Program and the Alaska Department of Environmental Conservation’s monitoring requirements. Rigorous inspection, monitoring and review programs are in place.

| ■ | All requisite permits have been obtained for mining and continued development of the existing Fort Knox open pit mine and are in good standing in all material respects.

1.2.19 | Recommendations

There are no recommendations at this time as Fort Knox is a fully operational mine.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

2 | INTRODUCTION

Kinross Gold Corporation (Kinross) has prepared a Technical Report for the wholly-owned and operated Fort Knox mine (Fort Knox) and Gil project (Gil), located in Fairbanks North Star Borough, Alaska, United States of America. Fairbanks Gold Mining Inc. (FGMI) is Kinross’ operating entity for Fort Knox and Gil. The Technical Report conforms to National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101) and has an effective date of March 31, 2015. Kinross will be using this Technical Report to support disclosure of mineral resources and mineral reserves at Fort Knox and mineral resources at Gil.
All measurement units used in this Technical Report are metric unless stated otherwise, and currency is expressed in US dollars. Metric tonnes and short tons are represented by the abbreviations “t” and “st”, respectfully. All other abbreviations that reference tonnes or tons follow this convention, with the exception of “opt” which maintains its common industry meaning of ounces per short ton. For a full list of abbreviations see section 2.4.
Information used to support this Technical Report has been derived from the reports and documents listed in the References section of this Technical Report.
The use of the terms “we”, “us”, “our”, or “Kinross” in this Technical Report refer to Kinross Gold Corporation.
Figure 2-1: Fort Knox Mine Location

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

2.1 | Qualified Persons

The Qualified Person (QP) for this Technical Report is John Sims, AIPG Certified Professional Geologist.
Mr. Sims visited the site most recently in May, 2014. During the site visit, Mr. Sims inspected core, sample cutting and logging areas; discussed geology, mineralization, and reviewed geological interpretations with staff; and inspected the major infrastructure and current mining operations. All sections in this Technical Report have been prepared under the supervision of Mr. Sims.
Kinross has a “layered” QP structure, with corporate and site QPs. Site QPs are geologists or engineers in the site technical services organization, and are responsible for ensuring that resource and reserve estimates comply with NI 43-101. The Corporate QPs are in Kinross’ corporate Technical Services department, and include experienced professionals in resource geology, mining engineering, metallurgy and geotechnical engineering. For the purpose of resource and reserve estimation, the corporate and site QPs work under the supervision of the Kinross Company QP, Mr. Sims. Although Mr. Sims is the only QP to publicly sign off on Kinross reserves and resources and this Technical Report, it is Kinross policy that the corporate and site QPs meet the requirements to be a QP under NI 43-101.

2.2 | Information Sources

Information used to support this Technical Report was derived from previous technical reports on the property, and from the reports and documents listed in the References section of this Technical Report.
Preparation of the Mineral Reserve estimates included in this report was supervised by John Sims, Vice-President, Technical Services, Reserves and Resources, Todd Carstensen, Director, Mine Planning, Kinross Technical Services and David Quandt, Technical Services Manager at Fort Knox.
Preparation of the Mineral Reserve estimates included in this report was supervised by John Sims, Vice-President, Technical Services, Reserves and Resources, Todd Carstensen, Director, Mine Planning, Kinross Technical Services and David Quandt, Technical Services Manager at Fort Knox.

2.3 | Effective Dates

This report has an effective date of March 31, 2015. Resources and reserves are reported effective December 31, 2014.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

2.4 | List of Abbreviations

μ | micron | m | metre
µg | microgram | M | mega (million)
µm | micrometre | m2 | square metre
°C | degree Celsius | m3 | cubic metre
°F | degree Fahrenheit | m3/h | cubic meters per hour
% | percent | masl | meters above sea level
$ | United States dollar | mE | metres East (coordinates)
Ac | acre | min | minute
Au | Gold | ML | million litres
CIC | carbon-in-column | mm | millimeter
CIP | carbon-in-pulp | mN | metres North (coordinates)
Cm | centimeter | Moz | million ounces
cm2 | square centimeter | Mst | million short tons
D | day | Mt | million metric tonnes
Dmt | dry metric tonne | Mt/a | million metric tonnes per annum
Ft | foot | MW | megawatt
ft2 | square foot | MWh | megawatt hours
ft3 | cubic foot | opt | ounces per short ton
G | gram | oz | Troy ounce (31.1035g)
Gal | US gallon | st | short ton
Gpm | US gallons per minute | st/cf | short tons per cubic foot
g/cc | grams per cubic centimetre | stpa | short tons per year
g/t | grams per tonne | stpd | short tons per day
Ha | hectare | t | metric tonne
Hp | horsepower | t/a | metric tonnes per year
In | inch | t/d | metric tonnes per day
in2 | square inch | t/m3 | metric tonnes per cubic metre
K | thousand (kilo) | US$ | United States dollar
Kg | kilogram | US$/BBL | US$ per oil barrel (42 US gallons)
kg/t | kilograms per metric tonne | US$/g | US dollar per gram
Km | kilometer | US$/kWh | US$ per kilowatt hour
km2 | square kilometer | US$/L | US$ per litre
Koz | thousand ounces | US$/oz | US dollar per Troy ounce
Kt | thousand tonnes | US$/t | US dollar per metric tonne
kt/d | thousand metric tonnes per day |  |
kW | kilowatt |  |
kWh | kilowatt-hour |  |
L | litre |  |
L/m | litres per minute |  |
L/t | litres per metric tonne |  |
Lb | pounds |  |
lb/st | pounds per short ton |  |

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

3 | RELIANCE ON OTHER EXPERTS

In the preparation of the Technical Report, the Qualified Person relied on information provided by internal Kinross legal counsel for the discussion of legal matters in Sections 4, 19, and 20.
Except for the purposes legislated under provincial securities law, any other use of this report by any third parties is at this party’s sole risk.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

4 | PROPERTY DESCRIPTION AND LOCATION

4.1 | Location and Overview

Fort Knox is located 42 km by road northeast of the city of Fairbanks, in Alaska, United States of America (Figure 4-1). It is situated in the Fairbanks North Star Borough. Kinross’ mining and exploration properties are located within the Fairbanks mining district, a northeast trending belt of lode and placer gold deposits that compose one of the largest gold producing areas in the state of Alaska.
The Fort Knox property includes the Fort Knox open pit mine, mill, heap leach, tailings storage facility, True North open pit and the Gil property, encompassing 30,917 ha. The property package is located within US State Plane, Alaska 5003, Zone 3 coordinates of 419,700 mE, 1,235,600 mN and 461,500 mE, 1,218,200 mN (Figure 4-1).
Figure 4-1: General Location of Fort Knox Mine and Gil Project

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

4.2 | Mineral Tenure and Rights

4.2.1 | Overview

FGMI controls a large and diverse group of properties that comprise its mineral holdings in the Fairbanks Mining District, summarized in Figure 4-2. These properties include State of Alaska mining claims, patented and unpatented Federal lode and placer mining claims, and private land. Some of the claims are owned outright, while others are controlled through leases. In total, the Fort Knox property encompasses 30,917 ha (76,398 ac). Mineral reserves at the Fort Knox mine are situated on 505 ha (1,248 ac) of land that are covered by a State of Alaska Millsite Lease and the Fort Knox Upland Mining Lease.

4.2.2 | Leases

The Fort Knox mine property encompasses approximately 3,230 ha (7,982 ac), of which there are no federal lands. The project area is predominantly covered by the Amended and Restated Millsite Lease (Figure 4-2, Table 4-1), which covers 3,068 ha (7,581 ac). The Fort Knox ore body is located within the Millsite Lease and is encompassed by the Upland Mining Lease (ADL 535408) entered into with the Alaska Mental Health Trust Land Authority (MHT) (Table 4-1).
On May 22, 2008 the MHT conveyed to FGMI all right, title and interest to the lands encompassing the Fort Knox mine and mill complex, approximately 717 ha (1,772 ac), reserving unto the MHT all oils, gases, ores, minerals and other substances which are subject to the Upland Mining Lease. The conveyance to FGMI excluded from the Upland Mining Lease approximately 7.7 ha (19 ac), and created a restrictive covenant for the benefit of the National Oceanic and Atmospheric Administration’s (NOAA) Fairbanks Command Data Acquisition Station. In addition there are 49 ha (121 ac) of patented claims purchased by FGMI (Table 4-2).
Alaska Department of Natural Resources issued the Millsite Lease (ADL Nos. 414960 and 414961) and Upland Mining Lease (ADL 535408) on February 15, 1994, authorizing gold-bearing ore material derived from outside the Millsite Lease area to be processed through the Fort Knox mill and tailings facilities. The Fort Knox Upland Mining Lease has been legally surveyed.
An additional 2,059 ha (5,088 ac) of mineral rights are held under the Mental Health Lease, issued by the MHT (Figure 4-2, Table 4-1).

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Figure 4-2: Mineral Tenure and Rights at Fort Knox mine and Gil Project

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Table 4-1: Mineral Rights – Lease Summary, Fort Knox Property
Lease Name |  | Lease Number |  |  | Area (ha) |  |  | Area (ac) |  | Issue Date |  | Expiry Date
Millsite Permit |  | ADL 414960 |  |  |  | 2,345.78 |  |  |  | 5,796.56 |  | 15 Feb 1994 |  | 15 Feb 2024
Fort Knox Upland Mining Lease |  | ADL 535408 |  |  |  | 478.95 |  |  |  | 1,183.5 |  | 15 Feb 1994 |  | 15 Feb 2034
DIT Upland Mining Lease |  | ADL 528271 |  |  |  | 40.47 |  |  |  | 100 |  |  |  | 31 Aug 2019
Mental Health Lease |  | 9400275 |  |  |  | 2,059.04 |  |  |  | 5,088 |  | 1 Aug 2005 |  | 31 Jul 2017
TOTAL |  |  |  |  |  | 4,924.24 |  |  |  | 12,168.06 |  |  |  |

Table 4-2: Mineral Tenure – Patented Claim Summary, Fort Knox Property |
Claim Name |  | Property Name |  | Owner |  | Area (ha) |  |  | Area (ac) |
PAN 0228494 |  | The Stepovich ‘worm’ |  | Fairbanks Gold Mining Inc. |  |  | 49.03 |  |  |  | 121.15 |
PAN 0607978 |  | Fairbanks Creek Patented claims |  | Fairbanks Gold Mining Inc. |  |  | 62.54 |  |  |  | 154.546 |
PAN 0607988 |  | Lower Fish Creek Patented claims |  | Fairbanks Gold Mining Inc. |  |  | 180.83 |  |  |  | 446.831 |
PAN 0607840 |  | Fish Creek Subdivision |  | Fairbanks Gold Mining Inc. |  |  | 14.71 |  |  |  | 36.337 |
PAN 0567841 |  | No 2 on Slippery Creek (USMS 1698) |  | Fairbanks Gold Mining Inc. |  |  | 9.82 |  |  |  | 24.26 |
PAN 0567850 |  | No 3 on Slippery Creek (USMS 1698) |  | Fairbanks Gold Mining Inc. |  |  | 13.45 |  |  |  | 33.23 |
TOTAL |  |  |  |  |  |  | 330.38 |  |  |  | 816.354 |

4.2.3 | State and Federal Claims

Within the broader Fort Knox property, FGMI controls 1,824 State of Alaska mining claims covering an area of approximately 26,978 ha (66,665 ac), grouped into three categories for reporting purposes (Figure 4-2, Table 4-3, see Appendix 1 for full details).
FGMI holds title to 330 ha (816.4 ac) of patented Federal lode claims (Figure 4-2, Table 4-4) with mineral rights on a further 106 ha (263 ac) through agreements. FGMI also has 272 ha (672 ac) of unpatented Federal lode and placer mining claims in the surrounding area (Table 4-4, Figure 4-2, see Appendix 2 for full details).
Kinross maintains a current detailed listing of all Fort Knox Title and Ownership documents and tenure data is managed in the Flexicadastre Kinross Land Management System (KLMS).

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

| Table 4-3: Mineral Tenure – Unpatented State Claim Summary, Fort Knox Property

Claim Block |  | Registered Owner |  | Number of Claims |  | Area1 (ha) |  | Area1 (ac) |  | Expiry Date |  | % Held by FGMI
FGMI Fort Knox & Gil |  | Fairbanks Gold Mining Inc. |  | 1,576 |  | 24,377 |  | 60,237 |  | 30 Nov 2015 |  | 100
FGMI True North |  | Fairbanks Gold Mining Inc. |  | 86 |  | 960 |  | 2,373 |  | 30 Nov 2015 |  | 100
Leased |  | EHB LLC |  | 33 |  | 1,641 |  | 4,056 |  | 30 Nov 2015 |  | 100
| Daniel Eagen |  | 2 |  | 30 Nov 2015 |  | 100
| Margaret Eagen |  | 12 |  | 30 Nov 2015 |  | 100
| Peter Eagen |  | 2 |  | 30 Nov 2015 |  | 100
| Dennis Shephard |  | 25 |  | 30 Nov 2015 |  | 100
| Roger Cope |  | 26 |  | 30 Nov 2015 |  | 100
| Colin Towse |  | 6 |  | 30 Nov 2015 |  | 100
| Ron Hoel |  | 8 |  | 30 Nov 2015 |  | 100
| K&K Recycling, Inc. & Arvil Still |  | 48 |  | 30 Nov 2015 |  | 100
TOTAL |  |  |  | 1,824 |  | 26,978 |  | 66,665 |  |  |  |

1 Area calculated by actual land surface held, not as a sum of individual listed claim areas as to not overstate land position due to overlapping claims and incorrectly reported claim areas.

| Table 4-1: Mineral Tenure – Unpatented Federal Claim Summary, Fort Knox Property

Claim Type |  | Property Name |  | Registered Owner |  | Number of claims |  |  | Area1 (ha) |  |  | Area1 (ac) |  | Expiry Date |  | % Held by FGMI |
Lode |  | Gilmore Creek |  | Fairbanks Gold Mining Inc. |  |  | 9 |  |  |  | 100.72 |  |  |  | 248.89 |  | 31 Aug 2015 |  |  | 100 |
Placer |  | Gilmore Creek |  | Fairbanks Gold Mining Inc. |  |  | 4 |  |  |  | 28.44 |  |  |  | 70.28 |  | 31 Aug 2015 |  |  | 100 |
Lode |  | Steamboat |  | K&K Recycling, Inc. & Avril Still |  |  | 17 |  |  |  | 142.85 |  |  |  | 353 |  | 31 Aug 2015 |  |  | 100 |
TOTAL |  |  |  |  |  |  | 30 |  |  |  | 272.02 |  |  |  | 672.17 |  |  |  |  |  |

1 Area calculated by actual land surface held, not as a sum of individual listed claim areas as to not overstate land position due to overlapping claims and incorrectly reported claim areas.

4.3 | Royalties and Other Encumbrances

The State of Alaska Upland Lease carries a 3% production royalty, based on net income and recovery of initial capital investment. Mineral production from State mining claims is subject to a mine license tax, following a three year grace period after production commences. The mine license tax is US$4,000 plus 7% of any additional taxable income over US$100,000. Taxation is after-the-fact and costs are incorporated into yearly budgets as mining taxes per International Financial Reporting Standards and corporate guidance. There has been no production from State claims situated outside the boundaries of the Upland Lease at the Fort Knox mine.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Production and main retained royalties are summarized in Table 4-4. The unpatented federal lode claim is owned by Kinross and is not currently subject to any royalty provisions.

| Table 4-2: Royalties and Other Encumbrances

Royalty | Comments
State of Alaska Upland Lease | 3% based on net income and recovery of initial investment
State claims | US$4,000 plus 7% of any additional taxable income over US$100,000
Stepovich ‘Worm’ Patented Claims | 1% Net Smelter Return (NSR) payable to Stepovich family
Fairbanks Creek – Fish Creek | 2-3% NSR on various patented Federal lode claims payable to J. Reeves
Mental Health Overriding Royalty | 1% NSR on claims & leases located on Mental Health lands not covered by the Mental Health lease or Fort Knox Upland Mining Lease
Teryl Inc Overriding Royalty | US$2.5 M advance royalty upon sale completion; US$1.5 M advance royalty upon commencement of production; 1% NSR until US$15 M paid (inc. the US$4 M advance payment); 0.5% NSR thereafter for life of mine.

4.4 | Permitting

All requisite permits have been obtained for mining of the existing Fort Knox open pit mine and are in good standing in all material respects. Current expansion projects for waste rock and heap leach were approved by the necessary agencies in 2014. Permitting is discussed further in Section 20.3.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

5 | ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY

5.1 | Accessibility, Local Resources, and Infrastructure

Fort Knox is situated close to the city of Fairbanks, which is a major population, service, and supply centre for the interior region of Alaska (Figure 5-1). Fairbanks is the second largest city in Alaska, and has a population of approximately 32,000 residents. The surrounding areas in the Fairbanks North Star Borough contain a further 68,000 residents. Services and supplies to support the local and regional needs, along with the mining and processing operations of Kinross, are available in Fairbanks. Fairbanks is served by major airlines and the Alaska Railroad, and is connected to Anchorage and Whitehorse, Canada by a series of well-maintained paved highways (Figure 5-1).

| Figure 5-1: Fort Knox Mine Local Infrastructure

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

5.2 | Climate

The Fairbanks area has a continental sub-arctic climate, with long cold winters and short summers. Average winter temperatures are around -23°C, with low temperatures dropping to the range of -40 to -48°C. Average summer temperatures are +19 to 22°C with highs occasionally exceeding +32°C. The annual precipitation in Fairbanks is approximately 31 cm, with the wettest months being June to September and the driest months being February to April. The Fort Knox mine operates 365 days/year; weather conditions, such as temperature inversions or slippery road surfaces, will typically negatively impact production in the open pit for only portions of a few shifts annually.

5.3 | Physiography

The topography of the region comprises low hills and broad valleys occupied by meandering streams. The hills are generally rounded with gentle slopes and irregular ridge patterns, the result of numerous gulches and streams that cut the flanks of hills. The most prominent topographic features include Ester Dome, located in the western part of the district at 720 masl, and Pedro Dome, situated in the north-eastern part of the area at 609 masl.
The area is predominantly forested, with vegetation varying with soil-type. Well-drained soils of the uplands and alluvial plains are covered mainly with white spruce and a mixture of broadleaf trees such as paper birch and quaking aspen. The moderately well-drained soils commonly support black spruce and willow forests, with moss, horsetail and grass groundcover. The poorly drained soils with a high permafrost table are found on the northern exposures of the mountain slopes and generally support black spruce, willow, and alder. A thick moss mat, commonly with lichens, provides groundcover and supports a dense cover of shrubs.
Permafrost is discontinuous throughout the property, and does not exist on some north-facing mountain slopes where it normally would be expected. Data collected from exploration boreholes and thermistors installed in the area of the tailings embankment prior to construction indicate the presence of localized permafrost. Temperature surveys of the monitoring wells indicate that frozen conditions exist mostly on north-facing slopes and in shaded areas on the valley floor. Thermistor readings indicated that temperatures ranged from 1 to 10°C. The majority of soil and rock temperatures in frozen areas ranged from 0 to -1°C indicating warm permafrost. Data collected during drilling suggests that at some locations the bedrock aquifer may be frozen to significant depths (in excess of 30.5 m).

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

6 | HISTORY

6.1 | Prior Ownership

The first lode-mining claims were originally staked in 1913 by H.A. Currier. The claims were dormant until 1980 when two local prospectors, Joe Taylor and George Johnson staked 19 state mining claims to work placer deposits.
In 1986, the claims were leased to Nye Minerals who entered into a joint venture agreement with Electrum Resources in 1987. From 1987 to 1991 numerous small mining companies actively explored the claims.
Amax Gold, Inc. (Amax) purchased the Fort Knox project in 1992 and established Fairbanks Gold Mining Inc. (FGMI) as a wholly owned subsidiary to operate the project. In 1993 Amax merged with Cyprus Mines Corporation, forming Cyprus Amax Minerals Co. (Cyprus Amax). Cyprus Amax maintained a 51% interest in Amax.
In 1998, Kinross acquired Amax, and Amax then changed its name to Kinam Gold Inc. and became a subsidiary of Kinross.
In 1991, Amax Gold Inc. entered into a joint venture agreement with Teryl Resources Corp. to explore the Gil property. In 2011, Kinross acquired Teryl’s remaining interest in the Gil property.
Kinross acquired ownership of the True North property in 1999 as a result of the acquisition of La Teko Resources and from acquiring Newmont’s 65% interest in the property.
In 2006, Kinross Gold began negotiations with the National Oceanographic and Atmospheric Administration (NOAA), the Bureau of Land Management (BLM), and the State of Alaska’s Trust Land Office (TLO) to acquire a parcel of land bordering the existing claim group on the western boundary of the existing Fort Knox pit. Acquisition of the land package was completed in 2007, allowing for the Phase 7 and 8 pit expansions.

6.2 | Exploration and Development History

The Fort Knox area has been actively explored for gold placer deposits since 1902 when Felix Pedro discovered gold in Fish Creek, located downstream of the Fort Knox deposit. Since that initial discovery, the surrounding Fairbanks Mining district has

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

produced in excess of 8 Moz of gold, predominantly from placer deposits, which actively continues.
Exploration for lode gold deposits was very limited during the early history of the region and focused on tracing the source of the placer deposits up headwaters and tributaries to Fish Creek. Alfred Brooks mapped the area while working for the United States Geological Survey (USGS) in the early 1900’s. Brooks’ mapping described a large granitic intrusive within the project area.
In 1913, H.A. Currier staked lode mining claims covering auriferous quartz veins on the Melba Creek-Monte Cristo Creek divide (covering part of what is now the Fort Knox gold deposit). A three-stamp mill was constructed on the property, but there is little evidence of any production from the claims. USGS geologists who examined the prospect noted the association of bismuthinite and gold in quartz veins and suggested a relationship between the observed mineralization and the large granitic intrusive located nearby.
Heiner and Wolff (1968) noted that the great amount of placer gold in the Fairbanks District led many workers to conclude that only the roots of the gold veins were left and that there was not enough economic incentive to test the theory by exploration.
After staking 19 state mining claims, Joe Taylor and George Johnson worked the placers of Monte Cristo Creek from 1980 to 1982 and recovered bismuthinite nuggets containing abundant gold. The demonstrated correlation between the gold and bismuth led Taylor and Johnson to prospect the slopes and divide between Melba and Monte Cristo Creeks. The prospecting operations involved panning and trenching, which suggested that Au mineralization was widespread and resulted in the prospectors staking an additional 34 mining claims.
In 1984, Rob Blakestead, a consulting geologist, noted the presence of visible Au in quartz veins hosted by granite in the Fort Knox area. This discovery led to increasing levels of exploration to locate the source of the gold.
FGMI initiated extensive exploration programs on the property including surface geochemical sampling, drilling and geophysics. Soil sampling proved the most useful exploration tool in delineating the ore body during initial exploration of the deposit. Later surface trenching and mapping of the anomalies developed by the soil geochemistry identified the favorable targets.
Ground magnetometer surveys performed in 1987, 1991 and 1992 were employed with limited success. 427 drillholes totaling 79,860 m had been completed on the

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

property by late 1992. This work was followed by the completion of environmental and engineering studies examining the feasibility of beginning commercial production from the deposit.
Construction of the Fort Knox mine and mill operations began in 1995 and were completed in 1997. Construction of Fort Knox was completed at a capital cost of approximately US$373 million, which included approximately US$28 million of capitalized interest. Commercial production at Fort Knox was achieved in March 1997. Fort Knox is mined as a conventional truck and shovel open pit mine and has operated continuously since start up, in seven progressive phases.
The discovery and development of the True North deposit (Figure 4-1) produced ore for the Fort Knox mill from 2001 to 2004.
Fort Knox operated as a mill-only process until the price of Au and known quantities of low grade enabled the addition of a heap leach process. Modifications were completed on the existing crushing circuit in 2008 to produce crushed material for the Walter Creek heap leach construction. Heap Leach construction is separated into a total of seven stages to be completed between 2009 and 2019. The facility includes a valley fill leach pad, solution pumping systems, and a carbon-in-column (CIC) plant. The original solution capacity was 30,000 L/m. The construction of a second CIC plant was completed in July of 2013 and has increased the solution capacity to 70,000 L/m. Current flow rate to the CIC processing facility is 61,000 L/m.
The tailings dam was redesigned in 2010 by adding a base working platform which reconfigured the engineered fill angles. The platform was designed to allow the tailings dam to be expanded by an additional 16 m. In 2011, 8.3 m of this construction was completed and a further 3.4 m was completed in 2014. The remaining 4.3 m of construction is scheduled for completion in 2015.

6.3 | Past Production

Fort Knox has yielded approximately 356 Mt of ore with 6.3 Moz of produced gold since 1996 (Table 6-1).

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

| Table 6-1: Fort Knox Production Summary

Year |  | Total tonnes processed (000’s) |  |  | CIP tonnes processed (000’s) |  |  | Grade (g/t)1 |  |  | Heap Leach tonnes loaded (000’s)2 |  |  | Gold produced (oz) |
1997 |  |  | 9,979 |  |  |  | 9,979 |  |  |  | 1.17 |  |  |  | - |  |  |  | 320,758 |
1998 |  |  | 12,466 |  |  |  | 12,466 |  |  |  | 0.99 |  |  |  | - |  |  |  | 365,452 |
1999 |  |  | 12,536 |  |  |  | 12,536 |  |  |  | 0.95 |  |  |  | - |  |  |  | 351,120 |
2000 |  |  | 13,606 |  |  |  | 13,606 |  |  |  | 0.94 |  |  |  | - |  |  |  | 362,959 |
2001 |  |  | 14,209 |  |  |  | 14,209 |  |  |  | 1.05 |  |  |  | - |  |  |  | 411,221 |
2002 |  |  | 13,843 |  |  |  | 13,843 |  |  |  | 1.09 |  |  |  | - |  |  |  | 410,519 |
2003 |  |  | 13,685 |  |  |  | 13,685 |  |  |  | 1.07 |  |  |  | - |  |  |  | 391,831 |
2004 |  |  | 13,239 |  |  |  | 13,239 |  |  |  | 0.94 |  |  |  | - |  |  |  | 338,334 |
2005 |  |  | 13,050 |  |  |  | 13,050 |  |  |  | 0.90 |  |  |  | - |  |  |  | 329,320 |
2006 |  |  | 13,462 |  |  |  | 13,462 |  |  |  | 0.90 |  |  |  | - |  |  |  | 333,383 |
2007 |  |  | 12,722 |  |  |  | 12,722 |  |  |  | 0.96 |  |  |  | - |  |  |  | 338,459 |
2008 |  |  | 13,769 |  |  |  | 13,706 |  |  |  | 0.88 |  |  |  | - |  |  |  | 329,105 |
2009 |  |  | 16,224 |  |  |  | 12,830 |  |  |  | 0.69 |  |  |  | 3,393 |  |  |  | 263,260 |
2010 |  |  | 25,735 |  |  |  | 13,206 |  |  |  | 0.79 |  |  |  | 12,528 |  |  |  | 349,729 |
2011 |  |  | 31,078 |  |  |  | 13,503 |  |  |  | 0.56 |  |  |  | 17,575 |  |  |  | 289,794 |
2012 |  |  | 43,153 |  |  |  | 13,204 |  |  |  | 0.69 |  |  |  | 29,950 |  |  |  | 359,948 |
2013 |  |  | 42,419 |  |  |  | 12,668 |  |  |  | 0.82 |  |  |  | 29,751 |  |  |  | 421,641 |
2014 |  |  | 39,386 |  |  |  | 13,538 |  |  |  | 0.66 |  |  |  | 25,848 |  |  |  | 379,453 |
|  |  | 355,582 |  |  |  |  |  |  |  |  |  |  |  | 119,045 |  |  |  | 6,346,286 |

1 Amount represents CIP mill grade only
2 Heap leach process was added in 2009

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

7 | GEOLOGICAL SETTING AND MINERALIZATION

7.1 | Regional Geology

Fort Knox is located in the Fairbanks mining district, a southwest–northeast trending belt of lode and placer Au deposits that compose one of the largest Au producing areas in Alaska. The Fairbanks district is situated in the northwestern part of the Yukon-Tanana Upland, and is underlain by the Yukon-Tanana Terrane (YTT). The YTT consists of a thick sequence of Precambrian to upper Paleozoic poly-metamorphic rocks, whose protoliths were primarily sedimentary, volcanic, and volcanoclastic units, with only minor plutonic rocks. The region has undergone at least two periods of dynamo-thermal metamorphism, which included an early prograde amphibolite event, followed by a retrograde, greenschist facies event (T. Bundtzen 1981). Hall (1985) suggests a more complex deformational history identifying four phases of penetrative tectonism.
The Fairbanks Schist, which is Proterozoic to lower Paleozoic, is the dominant lithology in the district (Figure 7-1). It is composed of quartz-muscovite schist, muscovite-feldspar-quartz schist, micaceous quartzites, metaconglomerate, garnet-hornblende amphibolite, and marble, indicative of an emergent shelf environment. The Cleary Sequence consisting of bimodal meta-rhyolite and meta-basalt with actinolite schist, chlorite schist, graphite schist, and impure marbles is intercalated with the Fairbanks Schist, indicating immature rift basins in the shelf environment. Newberry et al. (1996) reassigned the meta-rhyolite in the Cleary Sequence to the Devonian Muskox Sequence and placed it in fault contact with the Fairbanks Schist. In the northern part of the district, metamorphosed rocks of the Chatanika terrane have been identified. The sequence includes type C eclogites, impure m a rbles, amphibolites, calc-muscovite schist, garnet-muscovite schist, and muscovite schist, containing garnet, biotite, chlorite, and graphite. The Chatanika unit in fault contact with the Fairbanks Schist is thought to be middle Paleozoic to Ordovician and may represent a telescoped, mature rift basin within the shelf environment. Amphibole from the Chatanika unit yielded an Ordovician K-Ar date (Robinson 1990).
Mineral deposits in the region are generally situated in a northeast trending, structurally complex zone characterized by a series of folds, shear zones, high angle faults, and occasional low angle faults. The dominant structural zones in the YTT are the north bounding Tintina Fault system and the south bounding Denali Fault system. Northeast trending faults and shear zones within the YTT are related to movement along these major structures. The high-angle northeast structures, which display a strike-slip displacement, were important to the localization of gold mineralization.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Figure 7-1: Regional Geology of the Fairbanks District, Yukon-Tanana Terrane. Simplified from Newberry et al. (1996).

7.2 | Local and Property Geology

7.2.1 | Fort Knox

Several late Cretaceous to early Tertiary intrusive bodies penetrate the YTT (Blum 1982). They range from ultramafic to felsic composition and are distinguished from older intrusive rocks by their lack of metamorphic textures. The Fort Knox deposit is hosted by one of the west-northwest trending, late-Cretaceous granitic complexes, the Fort Knox Pluton, which intruded the Fairbanks Schist. The contact with the Fairbanks schist is abrupt, and drilling indicates the contacts of the pluton plunge steeply to the east and moderately to the north, south, and west. The surface exposure of the intrusive body is approximately 1,100 m east-west and 600 m north-south.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

The Fort Knox Pluton has been subdivided into three phases based on textural differences. Intrusion of the biotite-rich fine-grained granite was followed by a medium-grained porphyritic granite. The youngest intrusive phase is a coarse-grained, seriate porphyritic granite. A volumetrically minor, medium-grained biotite-hornblende-rich phase (mapped as ‘mafic’) is locally present as pendants near the schist-granite contact. Crenulated quartz layers (brain rock) and dendritic growths of quartz and potassium feldspar present in the Fort Knox pluton contacts help to evaluate intrusive paragenesis (A. Bakke 1995). The diverse textural and chemical granitic varieties and sharp to gradational intrusive contacts suggest the Fort Knox Pluton is a multi-phase intrusive. The local occurrences of orthoclase megacrysts, resorbed quartz phenocrysts, and quartz glomero-phenocrysts support that observation. Bakke (1995) provides whole-rock, trace element and a classification profile for the three main phases of granite.
The pluton is offset by two northeast structures, which display left-lateral strike-slip movement. These structures, the Monte Cristo Fault and Melba Fault, are regional in extent and offset the Gilmore Dome Pluton south of Fort Knox.
Figure 7-2: Property Geology at Fort Knox. Granitic intrusive is pink, all other rock is schist. Major ore controlling shears are shown in blue. N.B. Mine grid (feet) is displayed.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

7.2.2 | Gil

Brittle deformation at Gil is related to contact metamorphism and the regional amphibolite/greenschist events. At least three penetrative phases of deformation are recognized. As a result, large-scale asymmetric folds and faults are present and trend northeast (35-55°), with variable dip (45-80° NW). The most laterally extensive of these faults are the regional-scale, oblique faults that occur throughout the YTT. The oldest fault surfaces are low-angle reverse faults, sub-parallel to the principal fold axes, and often form the contacts between lithologies.
Conjugate to the northeast-striking faults are numerous northwest-striking faults (300°-360°) that dip steeply to the southwest or vertically. These faults exhibit apparent strike-slip offsets of 15.2 to 45.7 m (50-150 ft), but the displacement is believed to be rotational, or scissor-like, with the footwall rotating counter-clockwise relative to the hanging wall. Distinct, close-spaced joint sets crosscut nearly all lithologies, are predominantly northwest-striking (295-305°), and crosscut foliation in near-vertical configuration. Joints are commonly in-filled with quartz, quartz-carbonate, and quartz-sulphide (+/- iron oxide) and are universally important controls to mineralization.
Gold mineralization at Gil is primarily hosted in joints, quartz veins, and shears which crosscut diverse, polydeformed metamorphic rocks, consisting of; quartz-muscovite schist, quartzite, calc-schist, calc-silicate (biotite-pyroxene-amphibole-quartz-calcite schist), amphibolite, and marble.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Figure 7-3: Local Geology at Gil (Bundtzen & Laird, 2010; Bundtzen et al., 2014)

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Figure 7-4: Gil Interpreted Geological Cross-section. Section C’-C is shown on Figure 7-3. N.B. Scale is in feet.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

7.3 | Mineralization

7.3.1 | District Mineralization Styles

The Fairbanks district hosts gold in a variety of geologic settings, including:

| ■ | the Fort Knox deposit (the largest lode deposit in the district), where gold is hosted in quartz, quartz-sericite, and quartz pegmatite veins, stockwork zones, and mineralized shear zones;

| ■ | the Gil project, where gold is hosted in skarns and quartz veins within the skarns;

| ■ | the True North deposit, where mineralization is hosted by complexly deformed, carbonaceous meta-sediments associated with quartz veins;

| ■ | the Ryan Lode deposit, where gold occurs in and adjacent to large-scale shear zones;

| ■ | and at the Cleary Hill mine, where gold occurs in quartz veins within the Fairbanks Schist.

7.3.2 | Fort Knox Deposit

The Fort Knox deposit is hosted entirely within the Fort Knox Pluton, and Au-Bi-Te mineralization is strongly structurally controlled. Drilling has identified mineralization to the -535 ft level. Gold occurs within and along margins of pegmatite veins, quartz veins and veinlets, within shear zones, and along fractures within the granite.
The major structural trend controlling vein orientation and mineralization is defined by northwest-trending, moderately to shallowly southwest-dipping shear zones (Figure 7-2). The shear zones are typically filled with granulated white quartz, and range in thickness from 0.3 to 1.5 m. They possess mixed phyllic and argillic alteration assemblages and contain abundant iron oxide clay gouge along the margins. In the vicinity of the shear zones, vein density increases and vein orientations are predominantly parallel to the shear direction. Thin subsidiary shears are abundant between, and especially adjacent to, major shears.
The overall sulphide content is very low (<0.1%) and the orebody is oxidized to the depth of drilling. Bakke (1995) and McCoy et al. (1997) note the strong geochemical correlation of Au with bismuth and tellurium, and mineral species that have been identified include: native bismuth, Bi; maldonite, AuBi; bismuthinite, Bi2S3; tellurobismutite, Bi2Te3; bismite, Bi2O3; tetradymite, Bi2Te2S; and eulytite, Bi4(SiO4)3. Other ore minerals include trace to minor amounts of molybdenite and scheelite.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Vein-types and associated alteration styles found at Fort Knox (Bakke et al., 1998) are:

| (1) | Pegmatite veins and veinlets: range in thickness from micro-scale to 8 cm. Composed of clear to gray quartz, large K-spar megacrysts, and micaceous clots. Potassic alteration halos, rarely exceeding 1 cm thick, consist of an assemblage of variable amounts of secondary biotite and K-spar overgrowths on primary K-spar within the granite matrix.

| (2) | Pegmatite veins similar to (1) above with alteration envelopes consisting of a variably developed phyllic (sericite-pyrite) assemblage.

| (3) | Stockwork quartz veins and veinlets: range in thickness from micro-scale to 15 cm. These veins possess thin albitic alteration halos.

| (4) | Quartz veins and veinlets similar to (3) above with phyllic alteration envelopes that range in thickness from 0.5 to 3 cm.

| (5) | Low temperature fracture coatings and chalcedonic veins and breccia composed of zeolite-calcite-clay-chalcedony. Pervasive throughout the deposit in the form of fracture coatings and breccia zones. Argillic alteration halos as much as 7 m in width are developed adjacent to the larger chalcedonic breccia zones.

7.3.3 | Gil

Gold mineralization at Gil primarily occurs in quartz-sulphide and quartz-carbonate veins, clay-filled shear zones, and limonite-stained fractures, which crosscut nearly all lithologies. Gold mineralization is widespread, but grade and continuity are related to complex interactions between hydrothermal fluids, host rocks, and structure.
At Main Gil and South Sourdough, gold mineralization largely appears stratabound within calc-silicate units, however field-level observations support that gold mineralization is predominately localized within veins and joints in highly fractured rock. Veins are discrete, up to 30 cm wide, white quartz veins, and later thinner, discrete, quartz-calcite (± actinolite/pyroxene) veins. Both sets of veins tend to be steeply dipping and crosscut foliation. Alteration in the Main Gil zone is represented by an intense retrograde assemblage of calc-silicate minerals. Hydrothermal fluid interaction with a carbonate-rich protolith and calc-silicate minerals enhanced the precipitation of gold and sulphides.
At North Gil and North Sourdough, gold is almost exclusively associated with quartz veining. These veins occur within quartz-mica schist, feldspathic schist, and calcareous biotite-chlorite-quartz schist. The quartz veins are typically less than 5.1 cm in width and consist of milky-white quartz-arsenopyrite, quartz-calcite, and quartz-feldspar veins. Alteration is vein-controlled and consists of sericitic to potassic

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

(secondary biotite) alteration along vein margins. Pyrite and/or arsenopyrite are the most common accessory minerals observed in the veins, typically in concentrations of <1%.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

8 | DEPOSIT TYPES

The Fort Knox deposit is classed as an Intrusion-Hosted Mesozonal deposit in the Reduced Intrusion-Related (RIR) (Robert et al., 2007 and references therein). RIR deposits typically occur associated with moderately reduced intrusions in reduced siliclastic sequences, and have a common association with W-Sn±Mo belts (Robert 2007). The key characteristics of RIR deposits are a low sulphide content, association with reduced ore mineral assemblages, and metal assemblages of Au>Ag, Bi, As, W, and Mo (Hart 2005). Intrusion-Hosted Mesozonal deposits occur associated with equigranular, multiphase, moderately reduced granodiorite-granite stocks and batholiths. Gold is hosted in sheeted veins, which are coeval with their causative intrusion (Robert 2007). Although Intrusion-Hosted Mesozonal deposits do not have a significant hydrothermal alteration footprint, there are often peripheral occurrences and hornfels zones which display a predictable distribution pattern, including skarns, mantos, and polymetalic veins (Hart 2005, Robert 2007). The Gil deposit is hosted in skarns and quartz veins within the skarns.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

9 | EXPLORATION

Exploration has been undertaken by FGMI, and standard exploration procedures have been utilized at Fort Knox and Gil, including:

| ■ | Reconnaissance and detailed geologic mapping on topographic maps or aerial photographs at scales that are suitable to display the details of observed geologic features. Geologic mapping on topographic base maps is normally completed at a scale of 1 inch = 500 ft, and mapping that is completed from aerial photographs is at a scale of 1 inch = 2,000 ft. This work is undertaken by FGMI employees or contract/consulting geologists;

| ■ | Soil and rock chip sampling to determine the presence of Au mineralization, or associated trace elements. These samples are regularly collected during the course of geologic mapping programs by either FGMI employees or contract geologists, under FGMI supervision;

| ■ | Soil anomalies were trenched to create exposures of bedrock. The trenches were cut with bulldozers owned and operated by contracting firms. The trenches were mapped and sampled in detail by either contract geologists or FGMI personnel.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

10 | DRILLING

10.1 | Drill Hole Summary

Core diameter size has been predominantly HQ3 (61.1 mm) since 2012, and was HQ (63.5 mm) in 2011, PQ3 (83.1 mm) from 1998-2010, and PQ (85.0 mm) prior to 1998. Since 2011, a triple tube recovery system has been used to minimize fines loss. Reverse circulation (RC) holes are typically 139.7 mm in diameter, but can be up to 146.05 mm.
Kinross is not aware of any drilling, sampling, or recovery factors that could materially impact the accuracy and reliability of the results at either Fort Knox or Gil.

10.1.1 | Fort Knox

The Fort Knox deposit has been defined by a total of 1,421 drillholes (489 diamond core holes, 792 RC holes, and 140 geotechnical and dewatering holes) totalling 338,515 m. Figure 10-1 displays the drillhole distribution at the Fort Knox deposit.
Figure 10-1: Fort Knox Drill Hole Location Plan. Granitic intrusive is shown in pink, all other rock is schist. Major ore controlling shears are shown in blue. Drillhole collars are displayed by points. N.B. Mine grid (feet) is displayed.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

| Table 10-1: Fort Knox Drilling Summary by Campaign and Type

|  | RC Drilling |  |  | Core Drilling |  |  | Total Drilling |
Year |  | Length (m) |  |  | Number of Holes |  |  | Length (m) |  |  | Number of Holes |  |  | Length (m) |  |  | Number of Holes |
1987 |  |  | 122 |  |  |  | 2 |  |  |  | 0 |  |  |  | 0 |  |  |  | 122 |  |  |  | 2 |
1988 |  |  | 2,144 |  |  |  | 24 |  |  |  | 0 |  |  |  | 0 |  |  |  | 2,144 |  |  |  | 24 |
1989 |  |  | 15,503 |  |  |  | 67 |  |  |  | 4,204 |  |  |  | 16 |  |  |  | 19,707 |  |  |  | 83 |
1990 |  |  | 19,082 |  |  |  | 108 |  |  |  | 13,513 |  |  |  | 82 |  |  |  | 32,595 |  |  |  | 190 |
1991 |  |  | 6,623 |  |  |  | 33 |  |  |  | 0 |  |  |  | 0 |  |  |  | 6,623 |  |  |  | 33 |
1992 |  |  | 18,041 |  |  |  | 94 |  |  |  | 0 |  |  |  | 0 |  |  |  | 18,041 |  |  |  | 94 |
1993 |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
1994 |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
1995 |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
1996 |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
1997 |  |  | 3,638 |  |  |  | 17 |  |  |  | 7,761 |  |  |  | 29 |  |  |  | 11,399 |  |  |  | 46 |
1998 |  |  | 2,077 |  |  |  | 11 |  |  |  | 5,933 |  |  |  | 25 |  |  |  | 8,010 |  |  |  | 36 |
1999 |  |  | 649 |  |  |  | 5 |  |  |  | 1,873 |  |  |  | 12 |  |  |  | 2,521 |  |  |  | 17 |
2000 |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
2001 |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
2002 |  |  | 6,846 |  |  |  | 47 |  |  |  | 7,953 |  |  |  | 37 |  |  |  | 14,799 |  |  |  | 84 |
2003 |  |  | 2,806 |  |  |  | 19 |  |  |  | 5,964 |  |  |  | 25 |  |  |  | 8,770 |  |  |  | 44 |
2004 |  |  | 1,312 |  |  |  | 5 |  |  |  | 6,202 |  |  |  | 26 |  |  |  | 7,514 |  |  |  | 31 |
2005 |  |  | 0 |  |  |  | 0 |  |  |  | 7,439 |  |  |  | 25 |  |  |  | 7,439 |  |  |  | 25 |
2006 |  |  | 0 |  |  |  | 0 |  |  |  | 2,413 |  |  |  | 7 |  |  |  | 2,413 |  |  |  | 7 |
2007 |  |  | 5,067 |  |  |  | 26 |  |  |  | 9,535 |  |  |  | 35 |  |  |  | 14,602 |  |  |  | 61 |
2008 |  |  | 17,960 |  |  |  | 58 |  |  |  | 16,378 |  |  |  | 42 |  |  |  | 34,339 |  |  |  | 100 |
2009 |  |  | 18,855 |  |  |  | 82 |  |  |  | 13,779 |  |  |  | 53 |  |  |  | 32,634 |  |  |  | 135 |
2010 |  |  | 13,609 |  |  |  | 49 |  |  |  | 2,442 |  |  |  | 8 |  |  |  | 16,051 |  |  |  | 57 |
2011 |  |  | 19,481 |  |  |  | 62 |  |  |  | 3,439 |  |  |  | 17 |  |  |  | 22,921 |  |  |  | 79 |
2012 |  |  | 16,329 |  |  |  | 49 |  |  |  | 6,518 |  |  |  | 16 |  |  |  | 22,847 |  |  |  | 65 |
2013 |  |  | 5,536 |  |  |  | 16 |  |  |  | 5,043 |  |  |  | 20 |  |  |  | 10,580 |  |  |  | 36 |
2014 |  |  | 6,190 |  |  |  | 18 |  |  |  | 5,491 |  |  |  | 14 |  |  |  | 11,681 |  |  |  | 32 |
Total |  |  | 181,871 |  |  |  | 792 |  |  |  | 125,881 |  |  |  | 489 |  |  |  | 307,751 |  |  |  | 1,281 |

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

10.1.2 | Gil

Gil has been defined by a total of 738 drillholes (comprising 581 RC, 154 diamond, and 25 rotary holes) totalling 73,876 m (Table 10-2). Figure 10-2 displays the drillhole distribution at Gil.
Figure 10-2: Gil Drill Hole Location Plan

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

| Table 10-2: Gil Drilling Summary by Campaign and Type

Year | RC Drilling | Core Drilling
Length (m) | Number of Holes | Length (m) | Number of Holes
1993 | 0 | 0 | 643 | 8
1994 | 1,548 | 23 | 0 | 0
1995 | 1,494 | 18 | 0 | 0
1997 | 1,243 | 12 | 0 | 0
1998 | 3,043 | 28 | 909 | 4
1999 | 1,219 | 9 | 951 | 5
2000 | 9,118 | 94 | 4,920 | 34
2001 | 1,230 | 14 | 339 | 5
2002 | 884 | 16 | 1,271 | 8
2003 | 9,418 | 146 | 2,717 | 31
2004 | 1,739 | 24 | 0 | 0
2005 | 475 | 9 | 0 | 0
2008 | 1,749 | 12 | 0 | 0
2009 | 3,830 | 33 | 832 | 6
2010 | 5,708 | 50 | 2,238 | 15
2011 | 4,578 | 36 | 0 | 0
2012 | 3,795 | 26 | 2,512 | 15
2013 | 1,108 | 31 | 4,250 | 23
2014 | 0 | 0 | 0 | 0
Total | 52,180 | 581 | 21,582 | 154

10.2 | Collar and Downhole Surveys

Fort Knox data is collected in the local mine grid whereas Gil data is collected in the Alaska State Plane grid. Planned collar coordinates are recorded in Excel. FGMI geologists locate the collar position with a GPS and lay out the foresight and backsight with a Brunton compass. Once the hole is completed, collars are surveyed with Trimble survey equipment by FGMI mine surveyors, and the coordinates are recorded in Excel.
Angled core holes have been routinely surveyed downhole since 1997. Although early core drillholes did not have downhole surveys, readings from representative drilling indicate that holes usually deviate ≤ 3° over 300 m of length. Since 1997, the Reflex EZ-Shot instrument has been used for downhole surveys, with the exception of 2005 when the FLEXIT SmartTool survey system was used. Drilling contractors complete the Reflex downhole surveys. Downhole surveys are collated in Excel from handwritten sheets received from the drillers.

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10.3 | Recovery

At Fort Knox, the median core recovery for granite in 2014 was 94.2%, and for schist the median recovery in 2014 was 91.0%. At Gil, the median core recovery for 2013-2014 was 79.8%.
Mineralized intervals with a calculated recovery greater than 100% are evaluated. The anomalous hole is flagged and examined in cross-section. The drillhole is compared to adjacent holes and historical production; a decision is made to accept or reject the assay interval. Rejected samples are flagged in the assay database; they are not used for the composite estimate.
Kinross employs, as a standard operating procedure, a detailed program of weighing the RC and core samples to determine if the specimen is underweight, which helps to indicate potential loss of material in the sample interval. If individual 1.52 m (5 ft) intervals have unusually high or low weights, they could indicate sample contamination in a drillhole.

10.4 | Logging

Core is reconstructed if necessary, and geotechnical details (core recovery, RQD measurement, fracture count, hardness) are collected on handwritten logs. Median RQD at Fort Knox in 2014 was 41.3%.
Geological logs are handwritten at the drill rig or in the core shack. Detailed descriptions of rock-type, alteration, mineralization, oxidation, colour, structures, and vein percentage and orientations are collected. This data is then compiled in Excel and imported into MineSight (Fort Knox) or an Access database (Gil).
All core is photographed and the photographs are retained for future use.
A representative split of all RC drillhole samples are preserved in plastic chip trays and logged with detailed descriptions of rock-type, alteration, mineralization, and structural features.

10.5 | Geotechnical and Dewatering Holes

All geotechnical and dewatering holes are logged following the same procedures for core holes, with the exception of geotechnical data collection is performed at the drill rig, and then core is transferred to the core shed for geological logging.

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11 | SAMPLE COLLECTION, PREPARATION, ANALYSES, AND SECURITY

11.1 | Sampling Methodology

For HQ diamond drillholes, the drill helper places each 0.91-1.52 m (3-5 ft) run of core into waxed cardboard boxes, and depth markers are added at the end of every run. If PQ core is drilled then wooden boxes are used. Boxes are labelled with drillhole number, sequential box number, and depths from and to.
When the core is received at the core logging facility, geologists or trained technicians check the box numbers and depth markers. After geotechnical and geological logging, FGMI geologists mark out samples, which are taken on 1.52 m (5 ft) intervals. Sample data is recorded on a paper log sheet and is then entered into an Excel file. Core is photographed prior to being sampled. All core samples are taken as whole core; if core is cut, mineralized material can be easily lost as mineralization is dominantly on fractures. Sample tags are barcoded and placed on the plastic sample bags before the sample is added. Core samples are placed into the plastic bags and the bags are tied with wire ties.
For RC drillholes, samples are collected every 1.52 m (5 ft) by a geologist or helper at each drill site. RC samples are collected in pre-numbered Tyvek bags and tied with the strings attached to the bags. Sample data is recorded on a paper log sheet and is then entered into an Excel file. A small portion of each sample is placed in plastic chip trays and retained for geological logging and future use.
Currently, FGMI only employs water-injected RC drilling. Using this method, the drill cuttings are fed into a cyclone that deposits a stream of sample and drilling fluid into a splitter with a variable speed hydraulic motor that rotates a set of vanes controlling the volume of the split sample. A 5 gallon bucket placed in a washtub collects all of the sample and drill fluids. A flocculent is added to the bucket, permitting the sample to settle.
Historically (before 1992), dry RC samples were collected. Using this method, the drill cuttings were passed through a collection hose into a cyclone-type dust collector and were manually split through a hopper-feed Gilson splitter. The split fraction of each sample was recorded on the log sheet. The split sample was fed into four 5 gallon buckets set in a cascading series to collect and settle out the cuttings. A flocculent was added to the first bucket to aid in the settling of the sample.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

The nature of the mineralization and host rock at the Fort Knox deposit requires that particular care be given to the collection of drillhole samples, especially for RC holes, that penetrate the water table within the deposit. The center return hammer system has been used to counteract the possibility of contamination while penetrating the water table.
On-going density analysis of core samples is completed using the immersion test for specific gravity. The method involves determining the mass of the sample in air and the apparent mass of the sample upon immersion in water. The samples are then crushed and added to the sampled interval for assaying. Testing performed earlier by Bondar-Clegg utilized the pycnometer test method (Mineral Resources Development, Inc. 1991, Mineral Resources Development, Inc. 1999).

11.2 | Sample Security

At diamond drill sites, waxed cardboard (HQ core) or wooden (PQ core) core boxes are numbered and secured with lids. Core is transported by FGMI employees from drill sites to the on-site core logging facility for logging and sampling. Core boxes are stored in an area with controlled access inside or near the secure core logging facility prior to being logged and sampled. All individual sample bags are tied with wire ties and placed into plastic buckets with lids, and then loaded onto pallets and secured. Core samples are stored in an area with controlled access inside or near the secure core logging facility prior to being shipped to an independent laboratory.
RC sample bags are tied with strings attached to the bags, and placed in super sacks or tote bags, with approximately 50 samples per bag. The bulk bags are loaded into FGMI trucks and taken to core logging facility by FGMI employees. Bulk bags containing RC samples are stored in a controlled access area inside or near the secure core logging facility prior to being shipped to an independent laboratory.
A dispatch form is completed by FGMI geologists, containing sample numbers and services requested, and the independent laboratory is notified that a sample pick up is required. The samples are picked up by staff from the independent laboratory and loaded onto laboratory trucks and trailers. A chain of custody form is signed by both parties. A workorder confirmation is sent by the laboratory which includes a summary of the analytical work requested and the total samples received.

11.3 | Preparation and Analysis

Independent analytical laboratories are used for all analyses. In 2013 and 2014, the primary laboratory used was ALS Minerals in Vancouver, B.C., Canada (ISO

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17025:2005 Accredited Methods), and Acme in Fairbanks, Alaska (non-accredited) was used for check samples.
From 2006 to 2012, sample preparation and primary assays were performed by Alaska Assay Laboratories in Fairbanks, Alaska. From 2002 to 2005, all assaying was done by ALS Chemex at their Vancouver laboratory, although sample preparation was done at their facility in Fairbanks. Prior to 2002, primary assays were performed by Bondar-Clegg (now owned by ALS) in Vancouver, B.C. laboratory, and sample preparation was performed at their facility in Fairbanks.
Check assay work was performed at: ALS, Vancouver from 2006 to 2012; Alaska Assay Laboratories, in Fairbanks, Alaska from late 2004 to 2005; and American Assay Laboratories in Reno, Nevada from 2003 to 2004.
The onsite laboratory is not a certified laboratory and is only used for grade control RC and blast hole sample preparation and analysis.
At the independent laboratory, samples are weighed, dried, and reweighed, and then crushed to 90% nominal -2 mm. The sample is passed through a riffle splitter to produce a 300 g sub-sample which is pulverized to 85% passing 75 µm. A 50 g sub-sample is produced for gold determination by fire assay with an atomic absorption (AA) finish.
The current lower detection limit for fire assay with AA finish is 0.005 g/t. Any sample equal to or greater than 10 g/t Au is re-assayed using a fire assay procedure with a gravimetric finish.
Historically, the majority of samples greater than 10 g/t Au were re-assayed with a gravimetric finish. The detection limits for Au have varied over time and by laboratory: from 1987 to 2002 the lower detection limit was 0.0343 g/t (0.001 opt); and from 2002 to 2011, the lower detection limit was 0.0103 g/t (0.0003 opt).
Analytical results are received via e-mail. Certified copies of the assay certificates are delivered by mail.
Sample data are merged with the final digital assay certificate to create an Excel assay file for all drillholes. After validation checks are complete, this file is imported into the MineSight database (Fort Knox) or appended to the assay table in the Access database (Gil).

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11.4 | Quality Assurance and Quality Control

11.4.1 | Description and Procedures

FGMI’s Quality Control and Quality Assurance (QA/QC) program is designed to ensure the accuracy and integrity of the data. The analytical quality control program includes the submission of blank, certified reference material (CRM), and duplicate samples and umpire check assaying. Annual analytical quality control reviews are prepared by site geologists.
Blank samples are inserted at a rate of approximately 0.5% of total samples. Blank material is sourced from reject material from RC or core drillholes that assay below the detection limit of Au or material from Browns Hill Quarry in North Pole, Alaska. All material is assayed for Au concentration verification prior to use. FGMI’s technical staff carefully monitors the results of the submitted blanks to check for possible contamination during the analytical process. Batches with samples falling above the acceptable limit are investigated and re-assayed if necessary.
CRM samples are sourced from Rocklabs Ltd., Auckland, New Zealand, and submitted at a rate of approximately 5% of total samples. FGMI’s technical staff monitors the performance of the standard samples submitted for analysis to ensure that the results lie within acceptable tolerance levels. Recent sample performance indicates no significant areas of concern.
Pulp duplicates are requested at the primary lab at a rate of approximately 2.5%.
Since 1991, Fairbanks Gold has conducted check assays at an umpire laboratory. Pulp samples are shipped from the primary laboratory to the secondary umpire laboratory for an independent check at a rate of 5% of total samples.

11.4.2 | Fort Knox Analytical QC Results and Analysis 2011- 2014

The external laboratory analytical quality control data produced for the Fort Knox project between 2011 and 2014 are summarized in Tables 11-1 and 11-2 by year and laboratory. The quality control data produced during this timeframe represent approximately 8% of the total number of samples assayed.
158 blank samples were submitted between 2011 and 2014, with an overall failure rate of 9% (Table 11-1). FGMI sets the warning limit for blank samples low compared to standard industry practice, at 3 times the detection limit, or 0.03 g/t Au.

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Five CRM from Rocklabs Ltd. were used and in total, 2,806 CRM samples were submitted, with passing rates exceeding 94% at the primary laboratory each year (Table 11-2). Pulp duplicates at the primary lab were routinely submitted, and duplicate pair data reviewed. A pulp split was sent as a check sample to the umpire laboratory for 7.4% of samples during 2011-2012 and 4.3% in 2013.

| Table 11-1: Fort Knox 2011-2014 Summary of Analytical Quality Control Data – Blanks

Year | Lab | Min (Au g/t) | Max (Au g/t) | Accepted Value (Au g/t) | No. Submitted | No. Returned | Pass (within 3SD) | Within 2SD | % Pass | No. Fail | % Fail
2011 | Alaska | 0 | 0.0514 | 0.03 | 55 | 55 | 53 |  | 96.36 | 2 | 3.64
2011 | ALS |  |  |  | 0 |  |  |  |  |  |
2012 | ACME | 0 | 0.2979 | 0.03 | 57 | 57 | 54 |  | 94.74 | 3 | 5.26
2012 | ALS |  |  |  | 0 |  |  |  |  |  |
2013 | ACME |  |  |  | 0 |  |  |  |  |  |
2013 | ALS | 0 | 0.3425 | 0.03 | 23 | 23 | 19 |  | 82.61 | 4 | 17.39
2014 | ALS | 0 | 0.2705 | 0.03 | 23 | 23 | 18 |  | 78.26 | 5 | 21.74
2014 | Inspectorate |  |  |  | 0 |  |  |  |  |  |
Total |  |  |  |  | 158 | 158 | 144 |  | 91.14 | 14 | 8.86

| Table 11-2: Fort Knox 2011-2014 Summary of Analytical Quality Control Data – CRM

Year | Lab | QC ID | Min (Au g/t) | Max (Au g/t) | Certified Value (Au g/t) | No. Subm- itted | No. Retu- rned | Pass (< 3SD) | < 2SD | % Pass | No. Fail | % Fail
2011 | Alaska | OxC72 | 0.0583 | 0.4423 | 0.2050 | 145 | 145 | 139 | 135 | 95.86 | 6 | 4.14
|  | OxD73 | 0.2194 | 1.0046 | 0.4160 | 140 | 140 | 138 | 133 | 98.57 | 2 | 1.43
|  | OxG70 | 0.4046 | 1.7966 | 1.0070 | 139 | 139 | 137 | 136 | 98.56 | 2 | 1.44
|  | OxI67 | 0.9977 | 2.3074 | 1.8170 | 151 | 151 | 149 | 147 | 98.68 | 2 | 1.32
|  | OxJ64 | 0.2023 | 2.5406 | 2.3660 | 134 | 134 | 133 | 130 | 99.25 | 1 | 0.75
|  | Total |  |  |  | 709 | 709 | 696 | 681 | 98.17 | 13 | 1.83
| ALS | OxC72 | 0.1851 | 0.2091 | 0.2050 | 27 | 27 | 22 | 21 | 81.48 | 5 | 18.52
|  | OxD73 | 0.0137 | 0.9943 | 0.4160 | 24 | 24 | 19 | 19 | 79.17 | 5 | 20.83
|  | OxG70 | 0.4011 | 1.0423 | 1.0070 | 28 | 28 | 23 | 23 | 82.14 | 5 | 17.86
|  | OxI67 | 0.0549 | 1.8617 | 1.8170 | 14 | 14 | 10 | 10 | 71.43 | 4 | 28.57
|  | OxJ64 | 1.9920 | 2.3828 | 2.3660 | 14 | 14 | 10 | 10 | 71.43 | 4 | 28.57
|  | Total |  |  |  | 107 | 107 | 84 | 83 | 78.50 | 23 | 21.50
2012 | ACME | OxC72 | 0.1166 | 1.8240 | 0.2050 | 136 | 136 | 123 | 108 | 90.44 | 13 | 9.56
|  | OxD73 | 0.2297 | 0.4766 | 0.4160 | 136 | 136 | 126 | 111 | 92.65 | 10 | 7.35
|  | OxG70 | 0.8949 | 1.0903 | 1.0070 | 141 | 141 | 140 | 134 | 99.29 | 1 | 0.71
|  | OxI67 | 1.5360 | 1.9543 | 1.8170 | 143 | 143 | 138 | 129 | 96.50 | 5 | 3.50

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Year | Lab | QC ID | Min (Au g/t) | Max (Au g/t) | Certified Value (Au g/t) | No. Subm- itted | No. Retu- rned | Pass (< 3SD) | < 2SD | % Pass | No. Fail | % Fail
|  | OxJ64 | 1.8103 | 2.6777 | 2.3660 | 148 | 148 | 138 | 125 | 93.24 | 10 | 6.76
|  | Total |  |  |  | 704 | 704 | 665 | 607 | 94.46 | 39 | 5.54
| ALS | OxC72 | 0.1989 | 0.4389 | 0.2050 | 10 | 10 | 9 | 9 | 90.00 | 1 | 10.00
|  | OxD73 | 0.3874 | 0.4286 | 0.4160 | 13 | 13 | 13 | 12 | 100.00 | 0 | 0.00
|  | OxG70 | 0.4183 | 1.0800 | 1.0070 | 13 | 13 | 12 | 11 | 92.31 | 1 | 7.69
|  | OxI67 | 1.5566 | 1.9509 | 1.8170 | 25 | 25 | 24 | 22 | 96.00 | 1 | 4.00
|  | OxJ64 | 2.2423 | 2.4411 | 2.3660 | 16 | 16 | 16 | 16 | 100.00 | 0 | 0.00
|  | Total |  |  |  | 77 | 77 | 74 | 70 | 96.10 | 3 | 3.90
2013 | ACME | OxC72 | 0 .1930 | 0.2160 | 0.205 | 4 | 4 | 4 | 4 | 100 | 0 | 0
|  | OxD73 | 0.4120 | 0.4310 | 0.416 | 4 | 4 | 4 | 4 | 100 | 0 | 0
|  | OxG70 | 1.0200 | 33.6685 | 1.007 | 3 | 3 | 1 | 1 | 66.66 | 1 | 33.33
|  | OxI67 | 1.8650 | 1.9714 | 1.817 | 2 | 2 | 2 | 2 | 100 | 0 | 0
|  | OxJ64 | 2.2600 | 2.4100 | 2.366 | 4 | 4 | 4 | 4 | 100 | 0 | 0
|  | Total |  |  |  | 17 | 17 | 15 | 15 | 93.3 | 1 | 6.7
| ALS | OxC72 | 0.1920 | 0.2160 | 0.2050 | 44 | 44 | 44 | 44 | 100.00 | 0 | 0.00
|  | OxD73 | 0.3909 | 0.4594 | 0.4160 | 51 | 51 | 50 | 47 | 98.04 | 1 | 1.96
|  | OxG70 | 0.8777 | 1.0560 | 1.0070 | 36 | 36 | 35 | 35 | 97.22 | 1 | 2.78
|  | OxI67 | 1.7451 | 1.9269 | 1.8170 | 40 | 40 | 40 | 40 | 100.00 | 0 | 0.00
|  | OxJ64 | 2.2046 | 2.4926 | 2.3660 | 47 | 47 | 47 | 46 | 100.00 | 0 | 0.00
|  | Total |  |  |  | 218 | 218 | 216 | 212 | 99.08 | 2 | 0.92
2014 | ALS | OxC72 | 0.1886 | 0.2126 | 0.2050 | 56 | 56 | 56 | 55 | 100.00 | 0 | 0.00
|  | OxD73 | 0.3840 | 0.4354 | 0.4160 | 44 | 44 | 44 | 42 | 100.00 | 0 | 0.00
|  | OxG70 | 0.9463 | 1.0423 | 1.0070 | 55 | 55 | 55 | 55 | 100.00 | 0 | 0.00
|  | OxI67 | 1.7177 | 1.9440 | 1.8170 | 61 | 61 | 61 | 60 | 100.00 | 0 | 0.00
|  | OxJ64 | 2.1737 | 2.4068 | 2.3660 | 38 | 38 | 38 | 36 | 100.00 | 0 | 0.00
|  | Total |  |  |  | 254 | 254 | 254 | 248 | 100.00 | 0 | 0.00
| Inspect- orate | OxC72 | 0.1783 | 0.2057 | 0.2050 | 5 | 5 | 4 | 4 | 80.00 | 1 | 20.00
|  | OxD73 | 0.3909 | 0.4046 | 0.4160 | 3 | 3 | 3 | 2 | 100.00 | 0 | 0.00
|  | OxG70 | 0.9394 | 0.9909 | 1.0070 | 3 | 3 | 3 | 3 | 100.00 | 0 | 0.00
|  | OxI67 | 1.6560 | 1.7006 | 1.8170 | 3 | 3 | 3 | 1 | 100.00 | 0 | 0.00
|  | OxJ64 | 2.1668 | 2.2148 | 2.3660 | 2 | 2 | 2 | 1 | 100.00 | 0 | 0.00
|  | Total |  |  |  | 16 | 16 | 15 | 11 | 93.75 | 1 | 6.25

As part of the 2014 audit, SRK reviewed the analytical quality control data for Fort Knox from 2011 to 2013 (SRK Consulting (Canada) Inc. 2014). Blank and CRM samples were summarized on time series plots to highlight their performance. Paired

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data (pulp and analytical duplicates and umpire check assays) were analyzed using bias charts, quantile-quantile, and relative precision plots.
SRK’s main conclusions are summarized as follows:

| ■ | With the exception of one sample from 2012, analyses of blank materials consistently yielded gold values below the warning limit of 0.1 g/t gold. The warning limit is defined by SRK as equivalent to ten times the detection limit of Au (0.01 g/t). In fact only two samples assayed above five times the detection limit of Au. Note that FGMI’s own failure limit is set to only three times the detection limit.

| ■ | All standards performed within expected ranges and mean grades were similar to expected values. The majority of outliers yielded values consistent with other standards, suggesting that these samples were mislabelled.

| ■ | Paired assay data examined by SRK suggest that gold assays can only be reasonably reproduced. Rank half absolute difference (HARD) plots suggest that 43.5% of the 2011-2012 pulp duplicate samples and 62.3% of the 2013 pulp duplicate samples have HARD values below 10% indicating that Acme in 2011-2012 and ALS in 2013 had difficulties in replicating the original assay value. This is expected from samples containing coarse gold. With the samples below the detection limit removed, some 44.0% of the umpire check assays from 2011 and 2012 were below 10% HARD. Similarly, 35.6% of the umpire check assays from 2013 were below 10% HARD with the primary and secondary laboratories reversed.

| ■ | SRK considers that the analytical quality control data reviewed attests that the assay results delivered by the primary laboratories used by FGMI in the EOY 2013 resource estimate are generally sufficiently reliable for the purpose of resources estimation.

11.4.3 | Fort Knox Analytical QC Results and Analysis pre-2011

QA/QC procedures prior to 2008 are covered in detail in Fairbanks Gold Mining, Inc. (2008) and procedures prior to 2011 are summarized below:

| ■ | Blank control samples have been submitted since 1997, with the frequency varying from one per drillhole to one every 30.5 m (100 ft) or every 20th sample.

| ■ | From 2001 to 2005, in-house standards were prepared by Bondar-Clegg and submitted at a rate of two per core drillhole, and every 30.5 m (100 ft) for RC drillholes. Since 2008 CRM samples from commercial laboratories have been used and inserted approximately every 20th sample.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

| ■ | From 1991 to 2005, FGMI collected separate 1.25 kg samples from every tenth sample collected. Half of these were submitted to the primary lab with the regular dispatch, and the other half to a secondary lab. In addition, every 40th sample was re-assayed by the primary lab.

| ■ | A more rigorous program of primary laboratory duplicate checks was instituted in 2006 when the primary laboratory was changed. Pulp duplicates were selected randomly by the primary lab, at a frequency of 1 duplicate per 7 samples. In addition, every 20th sample was a duplicate that was pulverized by Alaska Assay Laboratories and then shipped to ALS Chemex for secondary lab check assaying. From 2007, 2 samples per 20 were analyzed as pulp duplicates.

In 2011, RPA reviewed the analytical quality control processes and data for Fort Knox (Scott Wilson Roscoe Postle Associates Inc. 2011). In summary, RPA’s main conclusions were:

| ■ | The QA/QC procedures for exploration drillholes generally exceeded industry standards.

| ■ | The QA/QC results for 2008 exploration samples were documented, however, details on accuracy, precision, and failure rates were not provided and the duplicate scatter plots suggested poor precision. Some tables and graphs were available for the 2009 and 2010 QA/QC results, but no discussion on precision, accuracy, insertion and failure rates were documented.

| ■ | Although the lack of formal QA/QC reporting was a significant procedural and documentation issue, it should not have had a material impact on the resource model.

RPA recommended that a standard operating protocol to ensure all of the QC data are compiled and documented on a regular basis should be implemented, and that this should include a QA/QC documentation template with tables, control charts, and graphs, and a description of the insertion rates, failure rates, actions taken, precision levels, and overall accuracy. FGMI implemented RPA’s recommendation and now also produce annual QA/QC reviews.

11.4.4 | Gil Analytical QC Procedures, Results, and Analysis

All Gil core and RC samples are submitted to the same QA/QC protocols as Fort Knox, with the following differences and additions.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

RC duplicate samples are collected from the sample splitter reject port at a rate of at least 2 per drillhole, at approximately 61 m (200 ft) intervals.
CRM sample frequency is one per 30.5 m (100 ft) for each core and reverse circulation hole. All CRMs in use since 2012 are sourced from Rocklabs Ltd.
Samples that have fire-assay grades greater than 0.3 g/t (0.01 opt) are re-analyzed by the laboratory with the “cold method” cyanide-soluble assay. Samples are exposed to a solution with a concentration of 0.25-0.50% CN at 20°C and agitated on a shaker table for one hour.
All analytical data is subjected to QA/QC review and a suite of validation checks prior to import into the Microsoft Access database. The pass rate for blank QC samples is 95% (Table 11-3) and the overall pass rate for CRMs is 98% (Table 11-4). The database is subject to annual random checks against original certificates and drill logs.

| Table 11-3: Gil 2012-2014 Summary of Analytical Quality Control Data – Blanks

QC ID |  | Min (Au g/t) |  | Max (Au g/t) |  | Accepted Value (Au g/t) |  | No. Submitted |  | No. Returned |  | No. Pass |  | % Pass |  | No. Fail |  | % Fail
Blank |  | 0 |  | 1.44 |  | 0.034 |  | 755 |  | 755 |  | 716 |  | 94.83 |  | 39 |  | 5.17

| Table 11-4: Gil 2012-2014 Summary of Analytical Quality Control Data – CRM

QC ID | Min (Au g/t) | Max (Au g/t) | Certified Value (Au g/t) | No. Submitted | No. Returned | Pass (within 3SD) | Within 2SD | % Pass | No. Fail | % Fail
OxC72 | 0.0583 | 0.4423 | 0.2050 | 166 | 166 | 162 | 153 | 97.59 | 4 | 2.41
OxD73 | 0.2194 | 1.0046 | 0.4160 | 162 | 162 | 160 | 152 | 98.77 | 2 | 1.23
OxG70 | 0.4046 | 1.7966 | 1.0070 | 190 | 190 | 189 | 184 | 99.47 | 1 | 0.53
OxI67 | 0.9977 | 2.3074 | 1.8170 | 152 | 152 | 151 | 148 | 99.34 | 1 | 0.66
OxJ64 | 0.2023 | 2.5406 | 2.3660 | 150 | 150 | 143 | 138 | 95.33 | 7 | 4.67
Total |  |  |  | 820 | 820 | 805 | 775 | 98.17 | 15 | 1.83

11.5 | Comment on Sample Preparation, Analyses, and Security

Kinross uses industry standard sample preparation, analysis, data management and security procedures for its drill programs. Kinross is of the opinion that the adequacy of the samples taken, the security of the storage and shipping procedures, the sample preparation, and analytical procedures used meet industry standard practices and that the results are suitable to estimate mineral resources and mineral reserves.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

12 | DATA VERIFICATION

A number of verification checks have been performed on data collected from both Fort Knox and Gil, either in support of technical reports or resource models, or as part of Kinross’ internal validation process.

12.1 | Fort Knox

Collar locations and downhole surveys are rigorously reviewed via manual verification methods for erroneous data by FGMI’s technical staff. Following input of data into Excel spreadsheets, data are exported to an ASCII file and subsequently imported into the MineSight software package. Additional validation checks are completed by comparing the MineSight database to the import data.
Data validation checks in accordance with the ongoing Fort Knox QA/QC program are conducted (see Section 11.4). No corrective bias has been detected and no actions or adjustments have been deemed necessary.
SRK audited the analytical quality control portion of FGMI’s QA/QC program in 2014. They concluded that the analytical quality control procedures and data verification measures used by FGMI are consistent with generally accepted industry best practices and are, therefore, adequate to support mineral resource and mineral reserve (MRMR) estimation.
Scott Wilson Roscoe Postle Associates Inc. (RPA) audited FGMI’s model construction and QA/QC program in 2008 and again in 2011. They concluded that the assay dataset in the database for the Fort Knox pit is reliable, with no bias adjustments made to the analytical data.

12.2 | Gil

Collar coordinates are validated through checks with known points, comparison with planned coordinates and investigation of any deviations, and comparison with the digital elevation model.
The Excel files of digitized survey data are verified against the handwritten sheet prior to merging into the database.
Compiled geological logging data undergoes both manual and database validation checks to ensure that values are valid. Any errors are flagged and clarified with the rig geologist prior to being imported into the database.

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Excel formulas are used to check analytical data and to flag values that are out of range.
In addition to the validation steps described above in the data collection and merging process, all data in the database are subject to random validation by FGMI staff. Periodically, 5% of the data in the database is verified against hard copy records.
The Gil database was subject to an internal database audit in December 2013 (Wilson 2013). Approximately 12% of drillholes from the Gil database were chosen to audit (89 holes totaling 8,919 m). The major conclusions of the internal audit were:

| ■ | the assay database was reasonable with only a few input errors and several errors of omission;

| ■ | treatment of detection limits for assays were not consistent;

| ■ | collar and survey errors consisted of rounding inconsistencies and treatment of downhole survey magnetic declination; and

| ■ | geology errors were high due to recoding and re-logging of handwritten logs. Although there was a high error rate for the geology, the final nine lithological units are likely unaffected by the subtle rock code changes.

All significant errors found during the database audit were addressed prior to the final database release date of January 13, 2014 for the 2014 Gil resource model.

12.3 | Comment on Data Verification

The process of data verification for Fort Knox and Gil has been performed by FGMI personnel, personnel of precursor companies, and external consultancies contracted by Kinross and precursor companies. SRK and RPA both recently conducted audits of the data verification processes and found that they are sufficiently reliable to use the analytical and geological data for the purpose of resource estimation.
Data used to support MRMR estimates have been subjected to additional validation, using built-in software program triggers that automatically check data for a range of data entry errors. Verification checks on surveys, collar coordinates, lithology, and analytical data have also been conducted. The checks are appropriate and consistent with industry standards.
The QP has reviewed the reports, and is of the opinion that the data verification programs undertaken at Fort Knox and Gil show that the analytical and geological databases are of a suitable quality to adequately support geological interpretation and the use of the data in MRMR estimation.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

13 | MINERAL PROCESSING AND METALLURGICAL TESTING

13.1 | Fort Knox

13.1.1 | Mill Recovery

Figure 13-1 shows the historic gold recovery and tons processed in the mill during the last 10 years. The lower recovery period is partially a result of processing lower grade ore at maximum mill capacity.
Figure 13-1: Fort Knox Plant Gold Recoveries vs Mill Feed vs Recovered Metal 2004-2013

13.1.2 | Heap Leach Recovery

Projected heap leach recoveries were based on laboratory testing of eight bulk samples which were representative of the material to be leached. Gold recoveries from the ROM feeds ranged from 28% (samples 103A and 200A) to 93% (sample 205B). Average gold recovery was 61.2% with an average of 224 days of leaching and rinsing. Gold extraction was progressing from all eight feeds at a slow rate when leaching was terminated, though a longer leaching cycle would increase gold recoveries somewhat. From this testwork, the following recovery relation was derived and used in mine planning:
Gold recovery at time d (days) = 0.65 - 1/ (0.03d + 1/0.65)

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

The gold recovery from the heap leach ore was 49.9% to date at the end of December 2014, and is predicted to be 65% at the conclusion of the operation.

13.2 | Gil

Six column tests from FGMI and three column tests from an outside laboratory formulate the basis for the processing and recovery assumptions for heap leach processing.
An average curve for recovery and cyanide consumption was derived from the data of the 9 column tests (Figure 13-1). A relationship between gold extraction, time, and the solution-to-ore ratio was established (Figure 13-2). In order for Gil to reach a total of 70% recovery, a 2.6 solution-to-ore ratio must be achieved. The cyanide consumption after attaining 2.6 solution:ore tonnes was measured as 0.05 kg/t (0.1 lb/st).
Figure 13-2: Gil Gold Recovery vs Leach Pad Solution Volume

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Figure 13-3: Gil Cyanide Consumption vs Recovery

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

14 | MINERAL RESOURCE ESTIMATE

14.1 | Mineral Resource Statement

The Fort Knox Mineral Resource statement, as of year-end 2014, comprises Measured, Indicated and Inferred Resources for both the Fort Knox deposit and the Gil deposit. The Mineral Resources are reported in accordance with the definitions in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101), which became effective February 1, 2001.
Mineral Resources are reported exclusive of Mineral Reserves within a US$1,400/oz Au price pit shell, but outside of the Life-of-Mine US$1,200/oz Au price pit. Mineral Resources are reported at cutoff grades of 0.16 g/t gold for Fort Knox and 0.21 g/t for Gil.
The Fort Knox Mineral Resources were reported below the projected December 31, 2014 mined surface. Tables 14-1 and 14-2 show the classified Mineral Resources, exclusive of Mineral Reserves.
The Fort Knox mine has been extracting gold with the existing milling process since 1996. The Walter Creek heap leach pad was added in 2009. The leach process allows for extraction of gold from lower grade material that is not economic at milling costs.
The Fort Knox Mineral Resource has an effective date of December 31, 2014. The Fort Knox Mineral Resource block model was prepared by Ms. Rebecca Morgan, PGeo, Resource Modeler with FGMI.
Kinross is not aware of any environmental, permitting, legal, title, location, socio-economic, marketing, political, or other modifying factors which could materially affect the Fort Knox Mineral Resource estimate.

| Table 14-1: Fort Knox Mineral Resource Estimate Effective December 31, 2014

Classification | Tonnes (000’s) | Au Grade (g/t) | Au Ounces (000’s)
Measured | 8,416.2 | 0.41 | 109.6
Indicated | 67,521.3 | 0.37 | 802.6
TOTAL | 75,937.5 | 0.37 | 912.2
Inferred | 9,474.1 | 0.41 | 126.3

Notes:
1. Mineral Resources are exclusive of Mineral Reserves.
2. Mineral Resources are estimated according to CIM Definitions.
3. Mineral Resources are estimated at a cutoff grade of 0.16 g/t Au based on a gold price of US$1,400/oz.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

The Gil Mineral Resource has an effective date of December 31, 2014. The Gil Mineral Resource block model was prepared by Mr. Scott Jimmerson, PGeo, Senior Manager, Reserve Modelling with Kinross.
Kinross is not aware of any environmental, permitting, legal, title, location, socio-economic, marketing, political, or other modifying factors which could materially affect the Gil Mineral Resource estimate.

| Table 14-2: Gil Mineral Resource Estimate Effective December 31, 2014

Classification | Tonnes (000’s) | Au Grade (g/t) | Au Ounces (000’s)
Measured | - | - | -
Indicated | 29,515.8 | 0.56 | 532.7
TOTAL | 29,515.8 | 0.56 | 532.7
Inferred | 4,026 | 0.49 | 62.8

Notes:
1. Mineral Resources are exclusive of Mineral Reserves.
2. Mineral Resources are estimated according to CIM Definitions.
3. Mineral Resources are estimated at a cutoff grade of 0.21 g/t Au based on a gold price of US$1,400/oz.

14.2 | Fort Knox Mineral Resource Estimate

FGMI prepared the Fort Knox resource estimate using MineSight software to construct the geological solids, prepare assay data for geostatistical analysis, construct the block model, estimate metal grades, and tabulate mineral resources. Snowden Supervisor software was used to confirm search distances and orientations based on variography.

14.2.1 | Database

The Fort Knox dataset is maintained in Excel worksheets that are imported into MineSight. See section 12.1 for further details on data management and verification.
The EOY 2014 database contains 219,625 nominal 1.52 m (5 ft) long samples, 201,070 of which have a gold assay greater than or equal to 0.00 g/t. Unassayed intervals are not used and are shown as ‘missing’ in the estimate. The average length of core holes is 257 m (Table 14-3), while RC holes average 230 m. The shortest holes in both categories (less than 20 m) were holes abandoned and subsequently re-drilled with a different hole number. As the target depth has consistently increased over time, the longest holes have been drilled in the past five years (19 RC holes greater than 450 m and 8 core holes greater than 500 m).
The EOY 2014 resource model is based on data from 1,421 drillholes. Drilling includes 489 core, 792 RC, and 140 geotechnical/dewatering holes totalling 338,515 m. The

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

average drill spacing for drillholes within the 2014 LOM pit shell is 29.8 m (97.9 ft) in all directions. Table 14-3 outlines the number of core and RC holes utilized to generate the most recent resource model (geotechnical and dewatering holes are excluded from the table). The drillhole recoveries listed in Table 14-3 are variably impacted by historical drilling. Recent drill campaigns (2013 and 2014) have averaged over 90% recovery (see section 10.3).
Holes are rejected from the resource model based on sample recovery, sample weight, drill log comments (i.e., contamination, abnormal drilling), water in the hole, and/or visual comparison of assay results from the hole in question and surrounding holes. At Fort Knox, blasthole data can be used (where available) to support exploration variography. Suspect intervals are examined in cross-section and drill logs are reviewed accordingly. Two MineSight Compass procedures are used as an additional check to evaluate downhole contamination and cyclicity. As part of Kinross’ best practices, the Resource Modeler and Senior Geologist confer prior to data rejection.

| Table 14-3: Fort Knox Drillhole Database Statistics

Data | RC | Core
Number of Holes | 792 | 489
Total Metres (m) | 181,871 | 125,881
Average Recovery (%) | 77.6 | 89.7
Average Length (m) | 229.6 | 257.4
Shortest Hole (m) | 12.2 | 17.4
Longest Hole (m) | 487.7 | 548.6

14.2.2 | Bulk Density

As the ore body is relatively homogeneous, a density of 2.56 t/m3 is applied globally to all domains. This density is based on analysis of samples using 25 immersion tests (FGMI), 99 pycnometer tests (Bondar-Clegg), and one volumetric determination of a bulk sample supplied by FGMI.

14.2.3 | Domains

Four different large structural domains within the main granite lithology have been modelled: West, Mid, East, and Far East (codes 10, 20, 30, and 40, respectively). The granite domains are structural and were created in 3D using mineralized trends and field data from geologic mapping. Originally, in 2005, three granite domains were created, and then in 2006 the eastern portion of domain 30 was separated into a new

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

domain (40). In 2012, these domains were extended laterally and at depth to encompass expanded model limits.
In general, the Mid and East zones are dominated by one or two structural trends, whereas the West and Far East zones exhibit several structural trends. The boundaries between the granite domains are considered as soft boundaries for grade estimation (Table 14-4). As a result of contact analysis, each domain is interpolated independently but composites from all other granite domains can be used if they fall within the search criteria.
The fifth domain is schist (code 4), which intersects all four granite domains. The schist domain was created by digitizing polylines in sections using 15 m (50 ft) spacing and snapping to drillholes. The polylines were then used to create the wireframe which is used for coding the drillholes and model.
The schist domain wireframe has precedence over the granite domains, and the boundaries between the schist domain and granite domains are considered as hard boundaries for grade estimation (Table 14-4). In the resource model, the schist domain is not interpolated despite having some minor gold values, mostly near the contact with the granite.
The geological domain wireframes are not clipped to the surface topography or to each other as a precedence is set for all.
Contact profiles were generated to confirm the grade interpolation limits along the domain contacts (Figure 14-1). Contacts may be interpreted as either soft, showing no significant grade differential at, or near, the contact or hard, showing a sharp grade differential at the domain contact.

| Table 14-4: Fort Knox Domains and Contact Relationships

| Description | Code |  | Boundary1
Domain
| 10 | 20 | 30 | 40 | 4
West | Mineralized Granite – several structural trends | 10 |  | - | S | S | S | H
Mid | Mineralized Granite – one structural trend | 20 |  | S | - | S | S | H
East | Mineralized Granite – one structural trend | 30 |  | S | S | - | S | H
Far East | Mineralized Granite – several structural trends | 40 |  | S | S | S | - | H
Schist | Unmineralized Schist | 4 |  | H | H | H | H | -

1 S = soft boundary (samples can be used from either domain), H= hard boundary

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Figure 14-1: Fort Knox Contact Plot Analysis. (a) Soft boundary between domains 10 and 20, (b) Hard boundary between domains 4 and 10. N.B. Distance from contact is in feet and Au grade is in opt. Soft boundaries denote that each domain is interpolated independently but composites from all other granite domains can be used if they fall within the search criteria.

14.2.4 | Capping Strategy

High grade raw assays are capped at 17.14 g/t gold (0.5 opt gold) prior to compositing based on reviews of gold assay cap statistics (Figure 14-2). All domains were capped at the same value and capping takes place directly in a MineSight database file. Gold assay statistics are summarized, by domain, in Table 14-6. In the EOY 2014 resource model, 337 assay intervals were capped (Table 14-5), representing 0.84% of assay data at or above the 0.35 g/t reserve cutoff grade of mill ore (A-ore), 0.54% of assay data at or above the 0.19 g/t reserve cutoff grade of leach ore (C-ore), or 0.22% of all assay data (of at least 0.00 g/t). The metal reduction for samples above mill ore grade is 8.14%.

| Table 14-5: Fort Knox Au Capping Analysis

Domain |  |  | Capped grade (g/t) |  |  | Samples Capped |  |  | Percentile Cap |
| 10 |  |  |  | 17.14 |  |  |  | 24 |  |  |  | 99.99 |
| 20 |  |  |  | 17.14 |  |  |  | 133 |  |  |  | 99.99 |
| 30 |  |  |  | 17.14 |  |  |  | 116 |  |  |  | 99.99 |
| 40 |  |  |  | 17.14 |  |  |  | 64 |  |  |  | 99.99 |
| 4 |  |  |  | - |  |  |  | - |  |  |  | - |

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Figure 14-2: Fort Knox Log Cumulative Probability Plot of Uncapped Assay Data. N.B. Au is displayed in opt.

| Table 14-6: Fort Knox Gold Assay Statistics by Domain

Domain |  | Data Type |  | Count |  | Minimum (g/t Au) |  | Maximum (g/t Au) |  | Mean (g/t Au) |  | Standard Deviation |  | CV |
10 |  | Raw Samples |  | 32,622 |  | 0 |  | 57.98 |  | 0.36 |  | 1.25 |  | 3.44 |
|  | Capped Samples |  | 32,622 |  | 0 |  | 17.14 |  | 0.35 |  | 1.02 |  | 2.87 |
20 |  | Raw Samples |  | 39,078 |  | 0 |  | 156.21 |  | 0.69 |  | 2.42 |  | 3.52 |
|  | Capped Samples |  | 39,078 |  | 0 |  | 17.14 |  | 0.65 |  | 1.69 |  | 2.61 |
30 |  | Raw Samples |  | 48,250 |  | 0 |  | 110.64 |  | 0.52 |  | 2.20 |  | 4.25 |
|  | Capped Samples |  | 48,250 |  | 0 |  | 17.14 |  | 0.48 |  | 1.32 |  | 2.78 |
40 |  | Raw Samples |  | 34,168 |  | 0 |  | 449.38 |  | 0.44 |  | 3.12 |  | 7.06 |
|  | Capped Samples |  | 34,168 |  | 0 |  | 17.14 |  | 0.4 |  | 1.21 |  | 3.03 |
4 |  | - |  | - |  | - |  | - |  | - |  | - |  | - |

14.2.5 | Compositing

Grade-capped assay intervals were combined into 4.6 m (15 ft) downhole composites. Rejected assay intervals were excluded from compositing; reasons for rejection are outlined in section 14.2.1.
Composites were assigned a code corresponding to one of the five defined structural domains. A composite was given the code corresponding to a domain if more than half

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of its length fell within that domain. Composite statistics for the Fort Knox deposit are summarized in Table 14-7, by domain.

| Table 14-7: Fort Knox Capped Gold Composite Grade Statistics by Domain

Domain |  | Samples |  | Mean (g/t) |  | SD |  | CV |  | Min. |  | Max. |
Schist (4) |  | 15,168 |  | 0.051 |  | 0.007 |  | 4.938 |  | 0.000 |  | 10.296 |
West (10) |  | 10,424 |  | 0.329 |  | 0.020 |  | 2.004 |  | 0.000 |  | 11.530 |
Mid (20) |  | 12,491 |  | 0.600 |  | 0.032 |  | 1.849 |  | 0.000 |  | 15.960 |
East (30) |  | 15,443 |  | 0.422 |  | 0.023 |  | 1.904 |  | 0.000 |  | 12.353 |
Far East (40) |  | 11,332 |  | 0.377 |  | 0.023 |  | 2.210 |  | 0.000 |  | 13.989 |

14.2.6 | Variography

The spatial continuity of gold was assessed on the basis of correlograms, in orientations determined from blasthole data and confirmed with exploration data. The reliance on grade control data for spatial continuity orientation stemmed from a recommendation made in 2010 by RPA. All subsequent spatial analysis has been performed on this basis. The composite data show a high nugget effect combined with relatively long ranges for all domains. Table 14.8 summarizes the variogram models used in the EOY 2014 resource model; these variogram models are based on correlograms that were fitted in 2012 and are reviewed annually. Ranges from these models were used to determine the search ellipsoid size and orientation used for grade estimation. Search ellipsoid parameters were created using MineSight Data Analyst software. Axis lengths of the new ellipsoids were created using exploration variography at 90% of the sill. This ratio was applied to blasthole variography to obtain final ellipse axis lengths.

| Table 14-8: Fort Knox Variography Parameters

Domain | Nugget | Range (m) | Rotation
Major | Minor | Vertical | About Z | About X | About Y
West (10) | 0.69 | 91.44 | 76.20 | 15.24 | 333.60 | 27.40 | 41.70
Mid (20) | 0.69 | 91.44 | 60.96 | 30.48 | 315.33 | 13.26 | 46.15
East (30) | 0.70 | 91.44 | 45.72 | 22.86 | 125.50 | 22.10 | -14.80
Far East (40) | 0.64 | 91.44 | 91.44 | 30.48 | 313.54 | -10.11 | 54.32

14.2.7 | Estimation Methodology

The EOY 2014 block model was interpolated using MineSight Compass procedures. The block model parameters are listed in Table 14-9. The block sizes used were 15.2x15.2x9.1 m high (50x50x30 ft).

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A local mine grid is used, which is based on the Alaska state plane grid. The center of the pit is near 3,048 m north (10,000 ft) and 3,048 m east (10,000 ft) based on a surveyed benchmark. Model limits extend from 0 to 5,791 m east, 1,524 to 4,420 m north and -308 to 762 m in elevation.
A density value of 2.56 t/m3 is applied globally to all domains (see Section 14.2.2).
The granite-schist contact surface is modified for each new block model with additional information obtained through new drilling and/or pit mapping (highwall and blasthole mapping).
A gold grade was interpolated into the block model using inverse distance squared algorithm (ID2) on capped Au composites and an. Interpolation parameters include a minimum of 2 composites, a maximum of 12 composites, and a maximum of 4 composites per drillhole. Search orientations and distances were based on variography by domain (Table 14-8).
The four granite domains were interpolated with separate search orientations and distances. However, interpolation was run with soft boundaries for the four granite domains indicating that composites inside an adjoining domain could also be used for to estimate a block inside another domain.
The schist domain is not interpolated since Au mineralization is minimal, occurring mostly near the contact with the granite. Gold grade is interpolated within the schist domain for the blasthole grade control model and very few schist blocks are modelled as ore. Due to the metallurgical variation and sparse grades, FGMI has determined that it is best to omit the schist grades from the resource estimate. Gold grades for the schist are set to ‘-1’ to represent ‘no data’.

| Table 14-9: Fort Knox EOY 2014 Model Parameters

Parameter | Value |
Block Origin Easting1 | 0 |
Block Origin Northing1 | 5,000 |
Block Origin Elevation | 1,010 |
Columns | 380 |
Rows | 190 |
Levels | 117 |
Block Size (ft) | 50x50x30 |
Block Size (m) | 15.2x15.2x9.1 |
Rotation | N/A |

1 Local mine grid coordinates in feet

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

14.2.8 | Resource Classification

In collaboration with Kinross Technical Services (KTS), the resource classification scheme established at Fort Knox uses the average exploration drilling grid spacing to delineate Measured, Indicated, and Inferred resources (Table 14-10). The EOY 2014 block model was classified considering the following criteria:

| ■ | Measured: Blocks estimated from three samples from different drillholes located within 32 m (105 ft), provided one sample was within 22.9 metres (75 ft);

| ■ | Indicated: Blocks estimated from two samples from different drillholes within 56.4 m (185 ft), provided one sample was within 45.7 metres (150 ft); and

| ■ | Inferred: Two runs were used to classify Inferred blocks. The first run classified blocks estimated from two samples from different drillholes within 76.2 m (250 ft), provided one sample was within 53.3 m (175 ft). The second run set the block as Inferred if it was estimated from one sample within 61 m (200 ft).

| Table 14-10: Fort Knox Resource Classification Parameters

Run | Classification Runs | Measured | Indicated | Inferred
| X axis search range (m) | 32 | 56.39 | 76.2
1st Run | Y axis search range (m) | 32 | 56.39 | 76.2
Z axis search range (m) | 32 | 56.39 | 76.2
| Holes to be found | 3a | 2b | 2c
| X axis search range (m) | n/a | n/a | 60.96
2nd Run | Y axis search range (m) | n/a | n/a | 60.96
Z axis search range (m) | n/a | n/a | 60.96
| Holes to be found | n/a | n/a | 1

a one hole within 22.9 m, b one hole within 45.7 m, c one hole within 53.3 m

14.2.9 | Resource Validation

The Fort Knox block model was validated using a number of techniques to confirm the assignment of appropriate variables and grade estimation. These techniques included:

| ■ | visual confirmation of block estimates to informing drilling data on plan and sectional views in MineSight;

| ■ | interpolation using ordinary kriging (OK) and comparison to the ID2 model;

| ■ | swath plots for composited data and the ID2 model; and

| ■ | grade-tonnage curves (Figure 14-3 and Table 14-11).

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

No local bias appears to be present.
SRK audited the EOY 2013 model as part of the 2014 audit (SRK Consulting (Canada) Inc. 2014). The EOY 2013 model was estimated using the same methodology and parameters as the EOY 2014 model. SRK performed various model validation tasks, ranging from visual comparisons of block estimates and local composites on cross-sections to a quantitative global check, and included:

| ■ | reproduction of the FGMI EOY 2013 model;

| ■ | parallel estimation to assess sensitivity of the block model to changes in estimation parameters; and

| ■ | change of support correction and assessment of model smoothness.

SRK concluded that overall, the mineral resource model is a robust and adequate representation of the informing data (SRK Consulting (Canada) Inc. 2014).
Figure 14-3: Fort Knox Grade-Tonnage Curve

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

| Table 14-11: Fort Knox Grade-Tonnage Curve Data

|  | Incremental |  |  | Cumulative |
Cutoff |  | Tonnes |  |  | Au Grade (g/t) |  |  | Au oz |  |  | Tonnes |  |  | Au Grade (g/t) |  |  | Au oz |
0.000 |  |  | 418,608,207 |  |  |  | 0.041 |  |  |  | 553,715 |  |  |  | 988,932,986 |  |  |  | 0.343 |  |  |  | 10,983,244 |
0.171 |  |  | 213,417,639 |  |  |  | 0.250 |  |  |  | 1,717,316 |  |  |  | 570,324,779 |  |  |  | 0.583 |  |  |  | 10,429,529 |
0.343 |  |  | 132,465,878 |  |  |  | 0.418 |  |  |  | 1,781,397 |  |  |  | 356,907,140 |  |  |  | 0.754 |  |  |  | 8,712,214 |
0.514 |  |  | 79,676,473 |  |  |  | 0.590 |  |  |  | 1,510,621 |  |  |  | 224,441,262 |  |  |  | 0.960 |  |  |  | 6,930,816 |
0.686 |  |  | 48,484,923 |  |  |  | 0.761 |  |  |  | 1,186,470 |  |  |  | 144,764,789 |  |  |  | 1.166 |  |  |  | 5,420,195 |
0.857 |  |  | 29,811,318 |  |  |  | 0.936 |  |  |  | 897,100 |  |  |  | 96,279,866 |  |  |  | 1.371 |  |  |  | 4,233,726 |
1.029 |  |  | 19,521,111 |  |  |  | 1.107 |  |  |  | 695,031 |  |  |  | 66,468,548 |  |  |  | 1.577 |  |  |  | 3,336,626 |
1.200 |  |  | 13,538,218 |  |  |  | 1.279 |  |  |  | 556,631 |  |  |  | 46,947,437 |  |  |  | 1.749 |  |  |  | 2,641,595 |
1.371 |  |  | 8,973,768 |  |  |  | 1.450 |  |  |  | 418,420 |  |  |  | 33,409,219 |  |  |  | 1.954 |  |  |  | 2,084,964 |
1.543 |  |  | 6,558,947 |  |  |  | 1.625 |  |  |  | 342,696 |  |  |  | 24,435,450 |  |  |  | 2.126 |  |  |  | 1,666,544 |
1.714 |  |  | 4,769,386 |  |  |  | 1.793 |  |  |  | 274,955 |  |  |  | 17,876,503 |  |  |  | 2.297 |  |  |  | 1,323,848 |
1.886 |  |  | 3,518,376 |  |  |  | 1.965 |  |  |  | 222,225 |  |  |  | 13,107,117 |  |  |  | 2.503 |  |  |  | 1,048,893 |
2.057 |  |  | 2,307,645 |  |  |  | 2.136 |  |  |  | 158,473 |  |  |  | 9,588,741 |  |  |  | 2.674 |  |  |  | 826,668 |
2.229 |  |  | 1,825,377 |  |  |  | 2.304 |  |  |  | 135,213 |  |  |  | 7,281,096 |  |  |  | 2.846 |  |  |  | 668,195 |
2.400 |  |  | 1,419,423 |  |  |  | 2.479 |  |  |  | 113,122 |  |  |  | 5,455,719 |  |  |  | 3.051 |  |  |  | 532,982 |
2.571 |  |  | 1,019,729 |  |  |  | 2.654 |  |  |  | 87,001 |  |  |  | 4,036,296 |  |  |  | 3.223 |  |  |  | 419,860 |
2.743 |  |  | 680,999 |  |  |  | 2.822 |  |  |  | 61,779 |  |  |  | 3,016,567 |  |  |  | 3.429 |  |  |  | 332,860 |
2.914 |  |  | 548,185 |  |  |  | 2.997 |  |  |  | 52,812 |  |  |  | 2,335,568 |  |  |  | 3.600 |  |  |  | 271,080 |
3.086 |  |  | 404,920 |  |  |  | 3.171 |  |  |  | 41,286 |  |  |  | 1,787,384 |  |  |  | 3.806 |  |  |  | 218,268 |
3.257 |  |  | 288,435 |  |  |  | 3.350 |  |  |  | 31,063 |  |  |  | 1,382,464 |  |  |  | 3.977 |  |  |  | 176,981 |
3.429 |  |  | 1,094,029 |  |  |  | 4.149 |  |  |  | 145,919 |  |  |  | 1,094,029 |  |  |  | 4.149 |  |  |  | 145,919 |

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

14.2.10 | Economic Parameters for Resource Calculation

14.2.10.1 | Cutoff Grade

The resource cutoff grade for the Fort Knox pit of 0.16 g/t gold is derived based on a gold price of US$1,400/oz (Table 14-11).

| Table 14-12: Fort Knox Resource Cutoff Calculation

Area |  | Units |  | Value |
Gold Price |  | US$/oz |  | 1,400 |
Gold Price |  | US$/g |  | 45.01 |
Recovery (at cutoff grade) |  | % |  | 65.0 |
Effective Revenue |  | US$/g |  | 29.26 |
Less Royalty |  | US$/g |  | - |
Less per g Costs |  | US$/g |  | (3.35) |
Realized Revenue |  | US$/g |  | 25.91 |
Costs to Produce |  | US$/t |  | 4.05 |
Cutoff (in place) |  | g/t |  | 0.16 |
Dilution |  | % |  | 0 |
Resource Cutoff Grade |  | g/t |  | 0.16 |

14.2.10.2 | Pit Shell Parameters

Mineral Resources are constrained using an optimized Lerchs-Grossman pit shell. Pit optimization parameters are detailed in section 15.1.

14.3 | Gil Mineral Resource Estimate

Kinross Technical Services (KTS) prepared the Gil resource estimate using Vulcan software to construct the geological solids, prepare assay data for geostatistical analysis, construct the block model, estimate metal grades, and tabulate mineral resources. Snowden Supervisor software was used to confirm search distances and orientations based on variography.

14.3.1 | Database

The Gil database is maintained in Microsoft Access software and .csv files were exported by FGMI Exploration staff and supplied to KTS for the collar, survey, assay, geology, and density tables.
Drillhole spacing at Gil is quite variable by area and lithology, but tends to be most clustered where the high gold grades are located. In general, Gil has the closest

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spaced drilling and Sourdough has the widest spacing drilling. The units Amph, BCQMSc, and IFS have closer spaced drilling (see Table 14-13 for lithological codes).
There are 47,936 assayed intervals totalling 73,105 m in the database used for estimation, including 39,268 assays greater than 0.00 g/t Au totalling 59,877 m. After intervals or holes were rejected by FGMI’s technical staff, based upon sample recovery, potential contamination notes in the drill logs, water in the hole, and/or visual comparison of assay results from hole to surrounding holes, the total number of assay greater than 0.00 g/t Au is 39,033.
In addition to holes rejected by site staff, a contamination review was completed by KTS using SGeMS software utilities. These utilities look for bias between RC and core drillholes, downhole decay contamination in RC holes, and cyclicity contamination in RC holes. No holes were rejected from estimation after this review.

| Table 14-13: Gil-Sourdough Lithological Codes

Rock-Type |  | Description |  | Code |
OB |  | Overburden |  | 900 |
Dio |  | Diorite |  | 800 |
Amph |  | Amphibolite |  | 700 |
MRBL |  | Marble |  | 600 |
BCQMSc |  | Biotite-chlorite-quartz-mica schist |  | 500 |
IFSc |  | Interlayered felsic schist |  | 400 |
AQMSc |  | Actinolite-quartz-mica schist |  | 300 |
Qte |  | Quartzite |  | 200 |
QMS |  | Quartz-mica schist |  | 100 |

14.3.2 | Bulk Density

The descriptive statistics for density are based on raw data by lithology. Each lithological unit has a defined density (Table 14-14). Density measurements are conducted on pieces of skeletonized core, noting depth, lithology type, and oxidation state by using the water displacement (Archimedes) method. Typically, readings are taken every 30.5 m (100 ft) down hole. Samples are fully dried prior to weight in air readings and porous samples are shellacked as needed.

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| Table 14-14: Gil Specific Gravity by Domain

|  | OB1 |  | AMPH |  | AQMS |  | BCQMS |  | DIO |  | IFS |  | MRBL |  | QMS |  | Qte |
No. Samples |  | 0 |  | 17 |  | 49 |  | 339 |  | 20 |  | 9 |  | 30 |  | 406 |  | 70 |
Min |  |  |  | 2.6915 |  | 2.3948 |  | 1.5237 |  | 2.3036 |  | 2.3197 |  | 1.9732 |  | 1.3589 |  | 1.6414 |
Max |  |  |  | 3.1036 |  | 3.1809 |  | 3.3985 |  | 2.7477 |  | 2.558 |  | 2.959 |  | 3.3388 |  | 2.7685 |
Mean g/cc |  | 1.73 |  | 2.90 |  | 2.66 |  | 2.69 |  | 2.61 |  | 2.47 |  | 2.62 |  | 2.62 |  | 2.58 |
Mean st/cf |  | 0.054 |  | 0.091 |  | 0.083 |  | 0.084 |  | 0.082 |  | 0.077 |  | 0.082 |  | 0.082 |  | 0.080 |

1 Specific gravity provided by FGMI

14.3.3 | Domains

Lithological domains were created (Tables 14-13 and 14-15) with the default lithological unit as QMS. In areas where BCQMSc is folded with AQMSc, the AQMSc shape will overlap and priority coding is used for back-flagging composites and the block model. Figure 14-4 shows a type section along with modelled lithological wireframes through Gil and North Gil.
The domains were built using sectional polygons on 15.2 m (50 ft) or 30.5 m (100 ft) centres oriented at an azimuth of 320°, with the exception of the IFSc which was modelled on sections running north-south. Drillholes were snapped to where possible. Overburden was modelled as a surface from both points down the hole and points that maintained a relative distance down the hole where no drilling existed. The oxidation surface was updated with current logging information.
Box and Whisker plots were used to determine if any of the lithological domains could be combined for estimation. The BCQMSc and Amph both have high grade assays, but there is very little Amph modelled so the two were combined for estimation, but not for density coding. Additionally, Qte has a similar grade distribution to the QMS so the two were combined for estimation. The other units either had significantly different grades and/or the shape orientations differed, so they were kept separate.
Contact analysis was completed between most of the domains (examples in Figure 14-5). In general, the domains were treated as hard boundaries due to the difference in lithologies and/or grade in the domains, with some exceptions treated as soft boundaries (Table 14-15), defined as the domain listed being able to use samples from the domains specified as ‘soft’.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Figure 14-4: Gil and North Gil Section Views Showing Domains. Location of section C’-C is shown in Figure 7.3. N.B. Scale is displayed in feet.
Figure 14-5: Gil Contact Plot Analysis. Showing an example of a hard (BCQMS_1:QMS_1) and a soft boundary (QMS 2:QTE 2). N.B. Scale is displayed in feet and Au is displayed in opt.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

| Table 14-15: Gil Estimation Domains and Contact Relationships

Domain | Code |  | Boundary with other domains (hard if not specified)
| Combined domains | Soft Boundary1 | Soft Boundary for 3 m
QMS_1 | 110 |  | - | 120, 210 | 331, 332, 420
QMS_2 | 120 |  | - | 110, 220 | 331, 332, 420
QMS_3 | 130 |  | - | - | -
QMS_4 | 140 |  | - | - | -
Qte_1 | 210 |  | - | 110 | -
Qte_2 | 220 |  | - | 120 | -
AQMS_1 | 310 |  | - | - | -
AQMS_3-1 | 331 |  | - | 332 | 110, 120
AQMS_3-2 | 332 |  | - | 331 | 110, 120
IFSc_1 | 410 |  | - | - | -
IFSc_2 | 420 |  | - | - | 110, 120
BCQMS_1-1 | 511 |  | 530 | - | -
BCQMS_1-2 | 512 |  | - | - | -
BCQMS_2-1 | 521 |  | - | - | -
BCQMS_2-2 | 522 |  | - | - | -
BCQMS_3 | 530 |  | 511 | - | -
BCQMS_4 | 540 |  | - | 600 | -
MRBL | 600 |  | - | 540 | -
Amph_1 | 710 |  | - | - | -
Amph_3 | 730 |  | - | - | -
Dio_1 | 810 |  | - | - | -
Dio_3 | 830 |  | - | - | -
OB | 900 |  | - | - | -

1 Defined as the domain listed being able to use samples from the domains specified under ‘soft boundary’ column.

14.3.4 | Exploratory Data Analysis

Raw drillhole data was loaded into Maptek’s Vulcan 3D modelling software (Vulcan) and desurveyed, exported as .csv files and loaded into Snowden’s Supervisor geostatistical software (Supervisor) for preliminary exploratory data analysis (EDA).
After preliminary EDA by logged lithology codes, it was determined that interpreted lithology codes would be the most suitable to use.

14.3.5 | Capping Strategy

Raw assay capping analysis was performed by domain in Supervisor. Final capping values were based on probability plots (Appendix C) and capping statistics (Table 14-

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16). Most of the lithology units (domains) appear to be single distributions with the exception of the IFSc. The IFSc wireframe was built by including other lithology units in areas with minor amounts of IFSc, and this contributed to a bi-modal distribution. KTS determined that it was not possible to spatially separate the populations at this time. The OB, MRBL, and Dio plots were very rough due to a limited number of samples and/or mixing of lithology. KTS based the capping values on inflections in the log-probability plots at, or around the 99th percentile. The capping strategy reduced the metal content by 8%.

| Table 14-16 Gil Au Capping Analysis

Domain | Number of Samples | Cap level (g/t) | Number of Capped | % Capped | Grade (g/t) | Grade Capped (g/t) | Metal Removed
OB | 695 | No cap |  |  | 0.213 |  |  |
Dio | 117 | No cap |  |  | 0.021 |  |  |
MRBL | 270 | 3.43 | 2 | 0.74% | 0.295 | 0.185 | 37.2% |
BCQMS-Amph | 11,570 | 12.00 | 34 | 0.29% | 0.501 | 0.480 | 4.1% |
IFS | 601 | 6.86 | 2 | 0.33% | 0.425 | 0.415 | 2.4% |
AQMS | 3,037 | 5.14 | 12 | 0.40% | 0.182 | 0.165 | 9.4% |
Qte | 1,904 | 6.51 | 5 | 0.26% | 0.141 | 0.117 | 17.1% |
QMS | 28,195 | 5.14 | 88 | 0.31% | 0.147 | 0.127 | 14.0% |
Total of Capped | 45,577 | Variable | 143 | 0.31% | 0.247 | 0.226 | 8.2% |

14.3.6 | Compositing

A 3.05 m (10 ft) composite length was chosen due to the narrow dimensions of the mineralized domains in some areas. Composites were broken at domain contacts down the hole. Since most of the sampling at the project was done on 1.52 m (5 ft) lengths, the resulting composites were either 3.05 m (10 ft) or 1.52 m (5 ft) in length. Scatter plots of length vs grade were created and KTS determined that there was no grade bias by length.
Descriptive statistics by domain for the composite database for uncapped data, capped data, (Table 14-17) and capped and declustered data (Table 14-18) were determined.

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| Table 14-17: Gil Uncapped and Capped Au Composite Statistics by Domain1

Domain | No. of Samples |  |  |  | Uncapped | Capped |
| Min (all) | Au (g/t) | SD | CV | Max (g/t) | Au (g/t) | SD | CV | Max (g/t) |
BCQMS-Amph | 6,170 |  |  | 0.0000 | 0.535 | 1.337 | 2.47 | 26.67 | 0.51 | 1.06 | 2.08 | 12.00 |
AQMS | 1,605 |  |  | 0.0000 | 0.189 | 0.651 | 3.38 | 12.55 | 0.17 | 0.45 | 2.52 | 5.14 |
QMS | 14,489 |  |  | 0.0000 | 0.154 | 0.720 | 4.76 | 41.38 | 0.13 | 0.38 | 2.9 | 5.14 |
Dio | 64 |  |  | 0.0000 | 0.024 | 0.034 | 2.5 | 0.34 | 0.00 | 0.00 |  | 0.00 |
IFS | 326 |  |  | 0.0000 | 0.483 | 1.406 | 2.89 | 22.66 | 0.43 | 0.69 | 1.6 | 6.86 |
MRBL | 141 |  |  | 0.0000 | 0.309 | 1.440 | 4.72 | 16.63 | 0.20 | 0.45 | 2.26 | 2.78 |
OB | 521 |  |  | 0.0000 | 0.213 | 1.029 | 4.77 | 21.09 | 0.00 | 0.00 |  | 0.00 |
Qte | 1,039 |  |  | 0.0000 | 0.141 | 0.754 | 5.31 | 17.97 | 0.12 | 0.45 | 3.61 | 6.41 |

1 Since both the OB and Dio were not estimated in the block model, only the uncapped statistics are provided.

| Table 14-18: Gil Capped and Declustered Au Statistics by Domain1

Domain | No. of Samples |  |  | Capped and Declustered |
| Min (all) | Au (g/t) | SD | CV | Max (g/t) |
BCQMS-Amph | 6,170 |  | 0.0000 | 0.456 | 0.960 | 2.07 | 12.00 |
AQMS | 1,605 |  | 0.0000 | 0.165 | 0.411 | 2.57 | 5.14 |
QMS | 14,489 |  | 0.0000 | 0.123 | 0.343 | 2.89 | 5.14 |
Dio | 64 |  | 0.0000 |  |  |  | 0.00 |
IFS | 326 |  | 0.0000 | 0.350 | 0.549 | 1.61 | 6.86 |
MRBL | 141 |  | 0.0000 | 0.247 | 0.514 | 2.11 | 2.78 |
OB | 521 |  | 0.0000 |  |  |  | 0.00 |
Qte | 1,039 |  | 0.0000 | 0.110 | 0.343 | 3.18 | 6.41 |

1 Since both the OB and Dio were not estimated in the block model, only the uncapped statistics are provided.

14.3.7 | Variography

Variogram models by domain were calculated in Snowdon Supervisor. Variograms were normal score transformed and then back-transformed for estimation. There are 23 domains (by lithology, by area) in all. No estimate was performed for domains OB, Dio_1, or Dio_3. Domain combinations were: Amph_1 with BCQMS_1-1, Amph_3 with BCQMS_3, Qte_1 with QMS_1, and Qte_2 with QMS_2. Only 11 of the remaining 16 domains had enough data to produce reasonable variograms (parameters in Table 14-19).
The resultant ellipsoids for each domain were loaded into Vulcan for visual validation that the size, shape, and orientation was geologically reasonable. For domains where variograms could not be created, a best fit search ellipsoid was created and visualized in the same manner.

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| Table 14-19: Gil Variography Parameters

|  |  |  |  |  | Structure 1 |  | Structure 2 |
| C0 |  |  |  |  | C1 |  | VULCAN Ellipse Range |  | C2 |  | VULCAN Ellipse Range |
| Nugget | about Z | about Y' | about X' |  | Diff Sill |  | X' | Y' | Z' |  | Diff Sill |  | X' | Y' | Z' |
AQMS_1 | 0.44 | 50 | -60 | -90 |  | 0.36 |  | 134 | 243 | 87 |  | 0.20 |  | 204 | 299 | 118 |
AQMS_2 | n/a | n/a | n/a | n/a |  | n/a |  | n/a | n/a | n/a |  | n/a |  | n/a | n/a | n/a |
AQMS_3-1 | n/a | n/a | n/a | n/a |  | n/a |  | n/a | n/a | n/a |  | n/a |  | n/a | n/a | n/a |
AQMS_3-2 | n/a | n/a | n/a | n/a |  | n/a |  | n/a | n/a | n/a |  | n/a |  | n/a | n/a | n/a |
BCQMS-Amph_1-1 | 0.37 | 127 | 39 | 8 |  | 0.36 |  | 73 | 82 | 73 |  | 0.27 |  | 370 | 194 | 127 |
BCQMS_1-2 | n/a | n/a | n/a | n/a |  | n/a |  | n/a | n/a | n/a |  | n/a |  | n/a | n/a | n/a |
BCQMS_2-1 | 0.45 | 90 | 0 | 60 |  | 0.38 |  | 189 | 157 | 110 |  | 0.17 |  | 339 | 204 | 174 |
BCQMS_2-2 | 0.40 | 70 | 20 | -90 |  | 0.31 |  | 317 | 102 | 20 |  | 0.29 |  | 399 | 221 | 48 |
BCQMS-Amph_3 | 0.45 | 140 | 70 | 90 |  | 0.22 |  | 126 | 104 | 137 |  | 0.33 |  | 306 | 239 | 151 |
BCQMS_4 | 0.21 | 330 | -25 | 0 |  | 0.51 |  | 321 | 157 | 34 |  | 0.28 |  | 377 | 269 | 61 |
IFS_2 | 0.31 | 5 | 0 | -10 |  | 0.20 |  | 135 | 96 | 11 |  | 0.49 |  | 365 | 192 | 73 |
MRBL_4 | n/a | n/a | n/a | n/a |  | n/a |  | n/a | n/a | n/a |  | n/a |  | n/a | n/a | n/a |
QMS_1-Qte_1 | 0.49 | 120 | 0 | 75 |  | 0.37 |  | 97 | 208 | 127 |  | 0.14 |  | 197 | 249 | 220 |
QMS_2-Qte_2 | 0.51 | 75 | 0 | 80 |  | 0.27 |  | 232 | 20 | 175 |  | 0.22 |  | 285 | 112 | 198 |
QMS_3 | 0.38 | 130 | -50 | 180 |  | 0.34 |  | 82 | 67 | 116 |  | 0.28 |  | 215 | 207 | 156 |
QMS_4 | 0.49 | 30 | 0 | 70 |  | 0.23 |  | 139 | 216 | 141 |  | 0.28 |  | 299 | 340 | 333 |

14.3.8 | Estimation Methodology

The 0214 block model and resource estimation were built using Vulcan software version 8.2.1 and finalized in February 2014. There were multiple iterations changing search ranges, number of samples, and the inclusion/exclusion of holes. The final model was estimated in Vulcan, exported to a .csv file, and loading into MineSight for resource evaluation. Table 14-20 details the block model origin and extents.

| Table 14-20: Gil 2014 Block Model Origin and Extents

| Origin | Block Size (m) | Block Size (ft) | No. of Blocks | Block Offsets |
Easting | 325,000 | 6.1 | 20 | 550 | 11,000 |
Northing | 4,028,000 | 6.1 | 20 | 350 | 7,000 |
Elevation | 0.0 | 6.1 | 20 | 104 | 2,080 |

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

The block model variable ‘domain’ was coded as a three digit integer using modelled 3D solids and priority coding. The ‘redox’ variable was coded as fresh=3 or oxide=1 based on the oxide surface. Once the block model was constructed, the percent block beneath topo (between 0.0 and 1.0) was coding using the most recent Lidar topography. A script to code ‘lith’ into the blocks was used and was based on the domain variable and a script to code density (st/cf) into the blocks was used based on the domain variable.
A two pass estimation strategy was applied with the highest confidence blocks estimated in pass 1 and the lower confidence blocks in pass 2. Table 14-21 lists the estimation parameters by domain, by pass. All rotation angles, ranges, and sills represent back-transformed data and are in a format used by Vulcan.
For the 11 domains where variography could be completed, the model was estimated using ordinary kriging (OK). Also, each of these domains has a nearest neighbor (NN) and an Au-uncap estimate for validation purposes. For all domains, there was an ID2 estimate. If no estimate for NN or Au-uncap were completed during the OK run, they are completed during the ID2 run. During the estimation, the number of composites, number of holes, nearest distance, average distance, number of octants, and grades are stored in each block if the search restrictions are met. Final gold grade (‘Au’) in the model is coded from a script where the OK value is used if it exists or else the ID2 value is used.

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Table 14-21: Gil 2014 Resource Model Variables
Domain Name |  | Domain Code |  | Vulcan Ellipse Rotation |  | Vulcan Ellipse Range |  | Composite |  | Comps Used |  | Discret |  | Nugget
|  | Z |  | Y’ |  | X’ |  | X’ |  | Y’ |  | Z’ |  | Codes Used |  | Min |  | Max |  |
PASS 1 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
AQMS_1 |  | 310 |  | 50 |  | -60 |  | -90 |  | 150 |  | 225 |  | 80 |  | 310 |  | 6 |  | 20 |  | 4x4x4 |  | 0.44
AQMS_2 |  | 320 |  | 270 |  | 0 |  | -10 |  | 200 |  | 150 |  | 50 |  | 320 |  | 3 |  | 15 |  | 4x4x4 |  | N/A
AQMS_3-1 |  | 331 |  | 55 |  | 0 |  | 20 |  | 150 |  | 100 |  | 50 |  | 331, 332 |  | 6 |  | 15 |  | 4x4x4 |  | N/A
AQMS_3-2 |  | 332 |  | 55 |  | 0 |  | 60 |  | 200 |  | 150 |  | 50 |  | 331, 332 |  | 6 |  | 15 |  | 4x4x4 |  | N/A
BQMS- Amph_1 |  | 511 710 |  | 127 |  | 39 |  | 8 |  | 250 |  | 150 |  | 80 |  | 511, 710 |  | 5 |  | 12 |  | 4x4x4 |  | 0.37
BCQMS_1-2 |  | 512 |  | 55 |  | 0 |  | 10 |  | 200 |  | 150 |  | 50 |  | 512 |  | 6 |  | 15 |  | 4x4x4 |  | N/A
BCQMS_2-1 |  | 521 |  | 90 |  | 0 |  | 60 |  | 250 |  | 125 |  | 100 |  | 521 |  | 6 |  | 15 |  | 4x4x4 |  | 0.45
BCQMS_2-2 |  | 522 |  | 70 |  | 20 |  | -90 |  | 200 |  | 125 |  | 50 |  | 522 |  | 5 |  | 20 |  | 4x4x4 |  | 0.4
BQMS-Amph_3 |  | 530 730 |  | 140 |  | 70 |  | 90 |  | 200 |  | 150 |  | 100 |  |  |  | 5 |  | 20 |  | 4x4x4 |  | 0.45
BCQMS_4 |  | 540 |  | 330 |  | -25 |  | 0 |  | 300 |  | 200 |  | 50 |  | 540, 640 |  | 6 |  | 20 |  | 4x4x4 |  | 0.21
IFSc_2 |  | 420 |  | 5 |  | 0 |  | -10 |  | 250 |  | 150 |  | 60 |  | 420 |  | 6 |  | 15 |  | 4x4x4 |  | 0.31
MRBL_4 |  | 640 |  | 55 |  | 0 |  | 60 |  | 250 |  | 150 |  | 70 |  | 640 |  | 3 |  | 15 |  | 4x4x4 |  | N/A
QMS_1-Qte_3 |  | 110 210 |  | 120 |  | 0 |  | 75 |  | 150 |  | 200 |  | 125 |  | 110, 120, 130, 140, 210 |  | 6 |  | 30 |  | 4x4x4 |  | 0.49
QMS_2-Qte_2 |  | 120 220 |  | 75 |  | 0 |  | 80 |  | 250 |  | 100 |  | 150 |  | 110, 120, 130, 140, 210 |  | 6 |  | 32 |  | 4x4x4 |  | 0.51
QMS_3 |  | 130 |  | 130 |  | -50 |  | 180 |  | 150 |  | 150 |  | 150 |  | 110, 120, 130, 140 |  | 6 |  | 22 |  | 4x4x4 |  | 0.38
QMS_4 |  | 140 |  | 30 |  | 0 |  | 70 |  | 200 |  | 225 |  | 225 |  | 110, 120, 130, 140 |  | 6 |  | 15 |  | 4x4x4 |  | 0.49
PASS 2 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
AQMS_1 |  | 310 |  | 50 |  | -60 |  | -90 |  | 175 |  | 250 |  | 100 |  | 310 |  | 1 |  | 20 |  | 4x4x4 |  | 0.44
AQMS_2 |  | 320 |  | 270 |  | 0 |  | -10 |  | 225 |  | 175 |  | 75 |  | 320 |  | 1 |  | 15 |  | 4x4x4 |  | N/A
AQMS_3-1 |  | 331 |  | 55 |  | 0 |  | 20 |  | 150 |  | 100 |  | 50 |  | 331, 332 |  | 1 |  | 15 |  | 4x4x4 |  | N/A
AQMS_3-2 |  | 332 |  | 55 |  | 0 |  | 60 |  | 200 |  | 150 |  | 50 |  | 331, 332 |  | 1 |  | 15 |  | 4x4x4 |  | N/A
BQMS- Amph_1 |  | 511 710 |  | 127 |  | 39 |  | 8 |  | 250 |  | 150 |  | 80 |  | 511, 710 |  | 1 |  | 12 |  | 4x4x4 |  | 0.37
BCQMS_1-2 |  | 512 |  | 55 |  | 0 |  | 10 |  | 200 |  | 150 |  | 50 |  | 512 |  | 1 |  | 15 |  | 4x4x4 |  | N/A
BCQMS_2-1 |  | 521 |  | 90 |  | 0 |  | 60 |  | 250 |  | 150 |  | 125 |  | 521 |  | 1 |  | 15 |  | 4x4x4 |  | 0.45
BCQMS_2-2 |  | 522 |  | 70 |  | 20 |  | -90 |  | 200 |  | 150 |  | 75 |  | 522 |  | 1 |  | 20 |  | 4x4x4 |  | 0.4
BQMS-Amph_3 |  | 530 730 |  | 140 |  | 70 |  | 90 |  | 200 |  | 150 |  | 100 |  | 530, 730 |  | 1 |  | 20 |  | 4x4x4 |  | 0.45
BCQMS_4 |  | 540 |  | 330 |  | -25 |  | 0 |  | 300 |  | 200 |  | 50 |  | 540, 640 |  | 1 |  | 20 |  | 4x4x4 |  | 0.21
IFSc_2 |  | 420 |  | 5 |  | 0 |  | -10 |  | 250 |  | 175 |  | 80 |  | 420 |  | 1 |  | 15 |  | 4x4x4 |  | 0.31
MRBL_4 |  | 640 |  | 55 |  | 0 |  | 60 |  | 250 |  | 150 |  | 70 |  | 640 |  | 1 |  | 15 |  | 4x4x4 |  | N/A
QMS_1-Qte_3 |  | 110 210 |  | 120 |  | 0 |  | 75 |  | 175 |  | 250 |  | 150 |  | 110, 120, 130, 140, 210 |  | 1 |  | 30 |  | 4x4x4 |  | 0.49
QMS_2-Qte_2 |  | 120 220 |  | 75 |  | 0 |  | 80 |  | 275 |  | 125 |  | 175 |  | 110, 120, 130, 140, 210 |  | 1 |  | 32 |  | 4x4x4 |  | 0.51
QMS_3 |  | 130 |  | 130 |  | -50 |  | 180 |  | 200 |  | 175 |  | 175 |  | 110, 120, 130, 140 |  | 1 |  | 22 |  | 4x4x4 |  | 0.38
QMS_4 |  | 140 |  | 30 |  | 0 |  | 70 |  | 250 |  | 225 |  | 225 |  | 110, 120, 130, 140 |  | 1 |  | 15 |  | 4x4x4 |  | 0.49

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14.3.9 | Resource Classification

The resource classification scheme used for the Gil resource estimation uses the average exploration drilling grid spacing and number of holes per block to delineate Indicated and Inferred resources, as well as ‘Other Mineralization’. Since the project has no mining history and the mineralization style is different than any other Kinross project in the district with a reserve (i.e., Fort Knox), no Measured material has been classified. The 2014 block model was classified considering the following criteria:
• Indicated (class 2): Blocks with a valid Au grade estimated from two or more drillholes and a NN distance less than or equal to 36.6 m (120 ft);
• Inferred (class 3): Blocks with a valid Au grade and a NN distance less than or equal to 36.6 m (120 ft), or blocks with a valid Au grade and a NN distance less than or equal to 68.6 m (225 ft) and has been estimated by two or more hole; and
• Other Mineralization (class 4): Blocks with a valid Au grade (greater than or equal to 0.0 g/t).
The range of 36.6 m (120 ft) for Indicated was chosen based on average of the major axis range for all domains at ~80% of the sill.

14.3.10 | Resource Validation

The block model was validated using a number of techniques to confirm the assignment of appropriate variables and grade estimation. The validation techniques included:

| ■ | visual confirmation of block estimates to informing drilling data on plan and sectional views in Vulcan;

| ■ | comparison to discrete Gaussian change of support analysis;

| ■ | creation of swath plots to check for bias (Figure 14-7); and

| ■ | comparison of the three models (AuOK, AuNN, and AuID ) on grade-tonnage curves were compared for the three models (Figure 14-8, Table 14-22).

No significant biases or errors were noted.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Figure 14-5: Gil Grade-Tonnage Curve

| Table 14-22: Gil Grade-Tonnage Curve Data for OK Model

|  | Incremental |  | Cumulative
Cutoff |  | Tonnes |  | Au Grade (g/t) |  | Ounces |  | Tonnes |  | Au Grade (g/t) |  | Ounces
0.00 |  | 36,106,676 |  | 0.092 |  | 107,100 |  | 69,392,445 |  | 0.314 |  | 699,855
0.21 |  | 15,976,478 |  | 0.295 |  | 151,692 |  | 33,285,769 |  | 0.554 |  | 592,756
0.42 |  | 7,862,253 |  | 0.503 |  | 127,196 |  | 17,309,291 |  | 0.793 |  | 441,063
0.63 |  | 4,447,817 |  | 0.723 |  | 103,352 |  | 9,447,038 |  | 1.033 |  | 313,867
0.84 |  | 1,988,192 |  | 0.948 |  | 60,601 |  | 4,999,221 |  | 1.310 |  | 210,516
1.05 |  | 1,088,264 |  | 1.157 |  | 40,494 |  | 3,011,029 |  | 1.549 |  | 149,915
1.26 |  | 710,251 |  | 1.362 |  | 31,101 |  | 1,922,766 |  | 1.770 |  | 109,422
1.47 |  | 382,760 |  | 1.566 |  | 19,270 |  | 1,212,515 |  | 2.009 |  | 78,320
1.68 |  | 255,171 |  | 1.775 |  | 14,564 |  | 829,755 |  | 2.214 |  | 59,051
1.89 |  | 191,632 |  | 1.980 |  | 12,199 |  | 574,584 |  | 2.408 |  | 44,487
2.10 |  | 124,258 |  | 2.185 |  | 8,729 |  | 382,952 |  | 2.622 |  | 32,288
2.31 |  | 84,536 |  | 2.402 |  | 6,527 |  | 258,694 |  | 2.832 |  | 23,558
2.52 |  | 174,157 |  | 3.042 |  | 17,031 |  | 174,157 |  | 3.042 |  | 17,031

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Figure 14-6: Gil Swath Plots by Northing, Easting, and Elevation. N.B. Au is displayed in opt.

14.3.11 | Economic Parameters for Resource Calculation

14.3.11.1 | Cutoff Grade

The Resource cutoff grade for Gil of 0.21 g/t gold is derived based on a gold price of US$1,400/oz and production costs of US$5.88/t. Tthe cutoff grade derivation is

| Table 14-23: Gil Resource Cutoff Calculation

Area |  | Units |  | Gil
Gold Price |  | US$/oz |  | 1,400
Gold Price |  | US$/g |  | 45.01
Recovery (at cutoff grade) |  | % |  | 70
Effective Revenue |  | US$/g |  | 31.51
Less Royalty |  | US$/g |  | -
Less per g Costs |  | US$/g |  | (3.88)
Realized Revenue |  | US$/g |  | 27.63
Costs to Produce |  | US$/t |  | 5.88
Cutoff (in place) |  | g/t |  | 0.21
Dilution |  | % |  | 0
Resource Cutoff Grade |  | g/t |  | 0.21

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

14.3.11.2 | Pit Shell Parameters

An economic pit shell generated with cost assumptions, metallurgical recoveries, geological and geotechnical considerations was created using MineSight software, which uses the Lerchs-Grossman (LG) algorithm to define blocks that can be mined at a profit. The program then creates an economic shell based on the following information:

| ■ | Economic assumptions, including reserve price and consumables;

| ■ | Production assumptions (production rate, mining dilution and recovery, and process recovery rates);

| ■ | Mining costs;

| ■ | Processing costs, including rehandling and process costs;

| ■ | Other operating costs (General & Administrative costs, refining/sales costs, royalties, reclamation cost);

| ■ | Sustaining capital costs;

| ■ | Cutoff grade;

| ■ | Average overall slope;

| ■ | Starting topography; and

| ■ | Geologic grade model with gold grades, density, and lithology

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

15 | MINERAL RESERVE ESTIMATE

The Proven and Probable Mineral Reserves as of December 31, 2014 are estimated to be 163.8 Mt at 0.46 g/t Au, containing 2,398,400 oz Au (Table 15-1).
The Mineral Reserves are comprised of Measured (Proven) and Indicated (Probable) blocks above a cutoff grade of 0.19 g/t gold contained between the December 31, 2014 surface and the ultimate pit design, which in turn was constructed around a Lerchs-Grossmann (LG) pit shell. The Mineral Reserve for the Fort Knox deposit was estimated using the EOY 2014 resource model. Only Measured and Indicated blocks were used to create the LG shell. Inferred blocks are assumed as waste and only waste mining costs were applied in the block valuation. No dilution or mining loss is applied to above cutoff resource estimates. The ultimate pit also contains 154.7 Mt of waste rock yielding a pit strip ratio of 1.29:1.
Stockpiles included in the reserve estimate include higher grade A ore stockpile destined for mill processing, B ore stockpile utilized for either mill feed or heap leaching depending on the availability of high grade ore for the mill, and C ore low grade stockpile which principally consists of pre-heap leach facility waste rock and is being re-handled to the heap leach facility for processing. The grade of these stockpiles have been estimated based on the historical grade of all granite, as well as stockpile drilling confirmation.

| Table 15-1: Fort Knox Mineral Reserve Estimate Effective December 31, 2014

Classification |  | Quantity (000 tonnes) |  | Au Grade (g/t) |  | Contained Au (000 ounces)
Proven |  | 24,003.5 |  | 0.56 |  | 435.2
Stockpiles |  | 43,851.8 |  | 0.31 |  | 436.7
Subtotal |  | 67,855.3 |  | 0.40 |  | 871.9
Probable |  | 95,988.5 |  | 0.49 |  | 1,526.5
TOTAL |  | 163,843.8 |  | 0.46 |  | 2,398.4

Notes:
1. Mineral Resources are estimated according to CIM Definitions.
2. The cutoff grades are based on a gold price of US$1,200/oz.
3. Proven Reserve contains stockpiles.
4. Mineral Reserves are reported to a cutoff grade of 0.35g/t Au for A-ore (mill), 0.29g/t for B-ore (stockpile), and 0.19 g/t for C-ore (leach).

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

15.1 | Basis of Reserve Estimate and Pit Optimization

Economic pit limits were created using MineSight software. MineSight software uses the LG algorithm to define blocks that can be mined at a profit. The program then creates an economic shell based on the following information:

| ■ | Economic assumptions, including reserve price and consumables

| ■ | Production assumptions (production rate, mining dilution and recovery, and process recovery rates)

| ■ | Mining costs including incremental vertical bench mining cost

| ■ | Processing costs, including rehandling and process costs

| ■ | Other operating costs (General & Administrative costs, refining/sales costs, royalties, reclamation cost)

| ■ | Sustaining capital costs

| ■ | Cutoff grades for A, B, and C ore

| ■ | Average overall slope

| ■ | Starting topography

| ■ | Western property extent line

| ■ | Geological block model with gold grades, density, and lithology

Input parameters utilized for pit optimization are summarized in Table 15-2. Only Measured and Indicated Mineral Resources can be converted to ore blocks during pit optimization. Inferred resources are considered waste.
Within MineSight, the value for each ore block was calculated based on the unit costs shown in table 15-2 and the revenue generated at a gold price of US$1,200/oz. Waste blocks are assigned the cost of mining and hauling the material to the suitable location. The calculated block value is input into the resource model as an additional model item. Other assumptions made for estimation of block values:

| ■ | A ore and B ore within the Phase 7 pit only was valued based on mill processing (i.e., using mill processing costs and mill recovery equations). All C ore, and A and B ore outside Phase 7, was valued based on leach processing (i.e., leach processing costs, leach recovery, and 25% rehandle to allow for winter stockpiling); and

| ■ | Sustaining capital costs were only applied to ore within the ultimate pit (i.e., within Phases 7 and 8).

As the Fort Knox deposit is a structurally controlled ore body, with alternating higher and lower grade structural zones within the granite. The majority of the ore body is

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

mineralized and any dilution incurred is with grade and not clearly discernible, therefore dilution is set at 0% and mining recovery at 100%.
Three grade recovery models are used, based on different gold grade ranges. Recovery grades and formulas are reported in ounces per ton. The formulas used are as follows:
R1 (<0.5657 g/t [<0.0165 opt]) = 0.0361 x ln (grade) + 0.9808
R2 (0.5657 g/t to 1.0526 g/t [0.0165 to 0.0307 opt]) = 0.0142 x ln (grade) + 0.8913
R3 (>1.0526 g/t [>0.0307 opt]) = -0.0200 x ln (grade) + 0.7729
The following formula is applied to determine recovery for ore sent to the heap leach pad: Gold recovery at time d (days) = 0.65 - 1/ (0.03d + 1/0.65)
The resulting block values were verified by spot checks against Excel spreadsheet calculations. The block values were utilized as the Design Variable within the MineSight LG program to generate the US$1,200/oz reserve pit shell.

| Table 15-2: Fort Knox Pit Optimization Parameters

Assumptions & Inputs |  | Unit |  | Value
Economic Assumptions |  |  |  |
Au Reserve Price |  | US$/oz |  | $1,200
Oil (WTl) Reserve Price |  | US$/BBL |  | $100
Major Consumables |  |  |  |
Diesel Fuel |  | US$/L |  | $0.99
Energy |  | US$/kWh |  | $0.15
Grinding Media |  | US$/t |  | $0.89
Cyanide |  | US$/t |  | $0.17
Lime Price |  | US$/t |  | $0.11
Explosives |  | US$/t |  | $0.20
Tires |  | US$/t |  | $0.08
Lubricants and Oils |  | US$/t |  | $0.06
Production Assumptions |  |  |  |
Production Days/Year |  | Days |  | 365
Production Rate/Day |  | kt/d |  | 144
Recovery Assumptions |  |  |  |
A Ore - Au |  | % |  | 84%
B Ore - Au |  | % |  | 84%
C Ore - Au |  | % |  | 65%
Mining Cost Assumptions |  |  |  |

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Assumptions & Inputs |  | Unit |  | Value
Base Mining Cost |  | US$/t |  | $2.58
Incremental Cost per Bench Above Reference Bench |  | US$/t |  | $0.00
Incremental Cost per Bench Below Reference Bench |  | US$/t |  | $0.03
Estimated Average - Overall |  | US$/t |  | $2.61
Processing Operating Cost Assumptions |  |  |  |
A Ore Stockpiling Costs |  | US$/t |  | $1.36
A Ore Average Process Cost |  | US$/t |  | $6.81
B Ore Stockpiling Costs |  | US$/t |  | $1.36
B Ore Average Process Cost |  | US$/t |  | $6.81
C Ore Stockpiling Costs |  | US$/t |  | $1.36
C Ore Average Process Cost |  | US$/t |  | $0.63
Operating Cost Assumptions |  |  |  |
G&A Costs |  | US$/oz |  | $96.29
Refining/Sales |  | US$/oz |  | $1.36
Reclamation Costs |  | US$/oz |  | $6.45
Sustaining Capital Cost Assumptions |  |  |  |
Mining Cost (i.e., fleet replacement) |  | US$/t |  | $0.21
Mill Process Cost (i.e., Tailings Pond) |  | US$/t |  | $0.55
Leach Process Cost (i.e., Pad Expansion) |  | US$/t |  | $0.50
Other Expenditure |  | US$/t |  | $0.06
Geotechnical Slope Sectors |  |  |  |
S1 |  | Degrees |  | 46.0
S2 |  | Degrees |  | 48.0
S3 |  | Degrees |  | 47.0
S4 |  | Degrees |  | 41.0
S5 |  | Degrees |  | 45.0
S6 |  | Degrees |  | 44.0
S7 |  | Degrees |  | 39.0
S8 |  | Degrees |  | 29.0
S9 |  | Degrees |  | 31.0
S10 |  | Degrees |  | 31.0
S11 |  | Degrees |  | 33.0
S12 |  | Degrees |  | 42.0
S13 |  | Degrees |  | 42.0
S14 |  | Degrees |  | 34.0
S15 |  | Degrees |  | 30.0
S16 |  | Degrees |  | 38.0

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

15.2 | Cutoff Grade

Pit ore quantities are grouped by cutoff grade into three ore types: A mill ore; B transition ore; and C leach ore. Cutoff grade derivation for A, B, and C ores is summarized in Table 15-3. The calculation assumes that above cutoff grade B ore is destined for the mill. The pit cutoff grade of 0.19 g/t gold is derived based on a gold price of US$1,200/oz and an overall heap leach process recovery forecast at 65%. Higher grade reserves are processed through a concentrator and CIP plant, with a portion of the mill throughput routed through a gravity concentration system and processed separately within the plant.

Table 15-3: Fort Knox Mineral Reserve Cutoff Grade Calculation
Parameter |  | Units |  | Ore Type
|  | A Mill Ore |  | B Transition Ore |  | C Leach Ore
Costs per Ore Tonne |  |  |  |  |  |  |  |
Mining costs |  | US$/t ore |  | $2.58 |  | $1.36 |  | $2.58
Process costs |  | US$/t ore |  | $6.81 |  | $6.81 |  | $0.97
Capital costs |  | US$/t ore |  | $0.55 |  | $0.00 |  | $0.50
Total |  | US$/t ore |  | $9.94 |  | $8.17 |  | $4.05
Costs per Gold Ounce |  |  |  |  |  |  |  |
Refining/sales |  | US$/oz |  | $1.36 |  | $1.36 |  | $1.36
G&A costs |  | US$/oz |  | $96.29 |  | $96.29 |  | $96.29
Royalty1 |  | US$/oz |  | $0.00 |  | $0.00 |  | $0.00
Reclamation costs |  | US$/oz |  | $6.45 |  | $6.45 |  | $6.45
Silver credit |  | US$/oz |  | $0.00 |  | $0.00 |  | $0.00
Total |  | US$/oz |  | $104.10 |  | $104.10 |  | $104.10
Total |  | US$/g |  | $3.35 |  | $3.35 |  | $3.35
Gold price |  | US$/oz |  | $1,200 |  | $1,200 |  | $1,200
Gold price |  | US$/g |  | $38.58 |  | $38.58 |  | $38.58
Recovery (at cutoff grade)2 |  | % |  | 82.3% |  | 81.8% |  | 65.0%
Effective revenue |  | US$/g |  | $31.75 |  | $31.54 |  | $25.08
Less per gram costs |  | US$/g |  | ($3.35) |  | ($3.35) |  | ($3.35)
Realized revenue |  | US$/g |  | $28.40 |  | $28.19 |  | $21.73
Costs to produce |  | US$/t |  | ($9.94) |  | ($8.17) |  | ($4.05)
Cutoff grade of ore processed |  | g/t |  | 0.35 |  | 0.29 |  | 0.19
Dilution (%) |  | % |  | 0 |  | 0 |  | 0
Reserve Cutoff Grade (in situ) |  | g/t |  | 0.35 |  | 0.29 |  | 0.19

1 Royalty on profits excluded (0 at cutoff)
2 Mill recovery for A & B ore = (0.0361 x In(grade x 0.0292) + 0.9808) x 100%

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15.3 | Comment on Mineral Reserves

SRK Consulting Inc. (SRK) was retained by Kinross Gold Corporation to independently audit the December 31, 2013 Mineral Resource and Mineral Reserve estimates of the Fort Knox operation.
SRK conducted a review of the resource model to assess the model’s suitability for pit optimization, design, and resource estimation, and verification of the mineral reserves. The same party also reviewed the mine planning parameters used in the determination of the mineable resource. SRK concluded that:

| ■ | overall, the mineral resource model is a robust and adequate representation of the informing data;

| ■ | mineral resource/mineral reserve systems and procedures in place at Fort Knox are adequate and well documented;

| ■ | overall good metallurgical performance, operating practices, and control of mill facilities and refinery were demonstrated; and

| ■ | that FGMI currently possesses all the permits and authorizations necessary for all facets of the mining, milling, and heap leach operations.

John Sims, AIPG Certified Professional Geologist, has certified that, to the best of his professional judgment as a QP (as defined under NI 43-101), the Mineral Reserve and Resource estimates have been prepared in compliance with NI 43-101, including the CIM Definition Standards incorporated by reference, and conform to generally accepted mining industry practices.
The results of the economic analysis to support Mineral Reserves represent forward-looking information that is subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those presented here. Areas of uncertainty that may materially impact mineral reserve estimation include:

| ■ | Commodity price and exchange rate assumptions;

| ■ | Capital and operating cost estimates; and

| ■ | Geotechnical slope designs for pit walls.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

16 | MINING METHODS

Mining is by conventional truck-shovel open pit methods with loading and hauling rates of up to 92 Mt/a (250,000 t/d). Material moved consists of pit ore and waste mining plus ore and waste rehandling. Higher grade ore is processed in a CIP mill typically at a rate of approximately 13.2 Mt/a (36,000 t/d). Up to 30 Mt/a of lower grade run-of-mine (i.e., uncrushed) ore is processed at a heap leach facility commissioned in 2009. Standard drilling and blasting techniques are used, and blast holes are sampled and assayed for production grade control purposes. Within the mineralized granite, above cutoff mineralization is grouped by cutoff grade into three ore types; A ore (mill feed); B ore (transition – mill feed or heap leach depending on mill demands); and C ore (heap leach material).
Figure 16-1: Excavator and Haul Trucks Working in the Fort Knox Pit

16.1 | Mine Design and Parameters

The ultimate pit is being mined by phases, shown in Figure 16-2. Two phases, Phase 7 West (P7W) and Phase 7 South (P7S), are currently in operation. Both sub-phases were negatively impacted by slope instability in the west wall during the fourth quarter of 2013. The final phase, Phase 8 (P8), involves a push back to the west with the pit crest near the west property line.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

A nominal mining rate of 61 Mt/a, smoothed for truck requirements, is required to provide the 13 Mt/a of mill feed and 17 Mt/a of leach material. Approximately 155 Mt of waste is envisaged to be mined over the remaining five years of operation.
Each phase is designed with 9.2 m (30 ft) benches and double benching occurs where geotechnical considerations allow for steeper slope angles (section 16.1.1). Ramps are designed to 36.6 m wide (120 ft) at 9% grade with some 10% segments near the bottom of the designed pit. All designs are created using toe and crest contours. The current design is based on a gold price of US$1,200/oz pit optimization.
Figure 16-2: Fort Knox Mine Phase Locations

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

16.1.1 | Geotechnical Considerations

The pit slope angles used in the pit optimization and design are based on an independent geotechnical review (Call & Nicholas, Inc. 2013, Call & Nicholas, Inc. 2005), and are summarized in Table 15-2. Overall slope angles and other design parameters vary by sector, shown in Figure 16-3.
Annual performance audits are conducted by a Call & Nicolas, Inc. (CNI) with resulting recommendations implemented. The most recent audit conducted by CNI was in early 2014 with a finalized report for all sectors of the pit delivered in March 2014. A third party audit was performed by STACEY Mining Geotechnical Ltd. in July of 2013 (STACEY Mining Geotechnical Ltd. 2013).
Figure 16-3: Fort Knox Geotechnical Slope Sectors (Call & Nicholas, Inc. 2014)

16.1.2 | Hydrology

Many northwest-striking structures crosscut the pit and limit lateral hydraulic communication. Therefore, effective pit dewatering requires that several pumping well locations are maintained to provide coverage of the structural compartments. Effective

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

drawdown is dependent on the ability to install wells that intersect localized higher transmissivity structures.
Performance audits as well as on-going guidance and recommendations for 2014 are supplied by the hydrologic firm Schlumberger Water Services (SWS). Annual dewatering reviews have been completed by SWS since 2007, with the most recent occurring in 2014. The overall hydrogeology of the open pit is well understood, but timely identification of localized zones of perched water in the strongly compartmentalized Fairbanks Schist is problematic.

16.2 | Production Rates and Life-of-Mine

The Fort Knox mine operates 24 hours a day, 365 days a year. The current life-of-mine (LOM) production schedule is summarized in Table 16-1. The LOM plan is based on mining the remaining two remaining phases, Phase 7 and Phase 8, during the period 2015-2020. Phase 7 is divided into two sections, P7W and P7S. P7W will be mined out in the first quarter of 2015, and P7S will be mined out by the end of 2017.
P8 stripping began in December 2014, and P8 ore will be divided between the mill and heap leach in 2017, with all ore being sent to the heap leach from 2018 until the end of mine life. Ore processing will continue leaching residual ounces from the leach pads through 2027.
In 2019 the pit is expected to be mined out and the ore haul to the heap leach facility will cease. It is planned that after this point leaching will continue for several more years, with recovered gold declining each year.
The 2015 Fort Knox mine plan delivers 39.2 Mt to process with an average grade of 0.417 g/t. This production goal requires a total mining rate of 159.9 kt per day from the pit. Pit production includes both ore and waste with ore being delineated as mill or leach process. Production from stockpiles amounts to 58% of the total tonnes processed in 2015.
In 2015, no commercial ore processing is planned at Gil.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

| Table 16-1: Fort Knox Life of Mine Plan Production Schedule

Year | 2015 | 2016 | 2017 | 2018 | 2019 | 20204 | Total |
Total Mined from Pit (kt) | 58,358 | 63,431 | 63,244 | 58,378 | 31,262 | - | 274,673 |
Waste (kt) | 40,540 | 38,471 | 35,167 | 32,022 | 8,546 | - | 154,746 |
Mined to Stockpile (kt)1 | 1,135 | 4,075 | - | - | - | - | 5,210 |
Mine to Mill (kt) | 11,815 | 13,285 | 12,497 | - | - | - | 37,597 |
Mine to Leach (kt) | 4,869 | 7,601 | 15,580 | 26,356 | 22,716 | - | 77,122 |
Stockpile to Mill (kt) | 1,915 | - | 833 | - | - | - | 2,748 |
Stockpile to Leach (kt) | 21,094 | 13,064 | - | 2,586 | 9,551 | - | 46,295 |
Total Mill Feed (kt)2 | 13,730 | 13,285 | 13,330 | - | - | - | 40,345 |
Total Leach Feed (kt) | 25,963 | 20,665 | 15,580 | 28,942 | 32,267 | - | 123,417 |
Contained Metal Au (koz)3 | 525 | 487 | 492 | 427 | 460 | - | 2,391 |
Recovered Au (koz) | 385 | 390 | 387 | 172 | 232 | 155 | 1,721 |

| 1 Only includes overall increase to stockpile amounts for the year. Does not include strategic stockpiles placed and retrieved within the same year.

| 2 Current plans have the mill closing at the end of 2017.

| 3 Contained metal in material sent to process during the year.

| 4 Heap leach processing will continue after material placement is complete to recover residual Au ounces; this will continue until ounces recovered no longer cover the cost of operating the pad.

16.3 | Stripping Requirements

The current ultimate pit contains 154.7 Mt of waste rock yielding a pit strip ratio of 1.29:1 (waste:ore).

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16.4 | Mine Equipment

Major mining equipment operating at the end of 2014 is summarized in Table 16-2. Most of the equipment is equipped with GPS tracking units. A dispatch system is utilized for production reporting. MineSight software is utilized for resource modelling and mine planning, including resource and reserve reporting.

| Table 16-2: Fort Knox Current Mining Equipment

Fleet Type | Model | Count | Comment
Haul Trucks | CAT 785 | 10 | 2 will reach their projected retirement date in late 2015; remaining will be retired at year end 2016.
CAT 789 | 9 |
CAT 793 | 21 | An additional 4 will be constructed on site February to March 2015
Loaders | Hitachi EX 5500 hydraulic shovel | 2 |
Hitachi EX 5600 hydraulic shovel | 1 | 1 will be added to the primary production fleet in April 2015.
Hitachi EX 3600 hydraulic shovel | 2 | 1 used in primary production fleet, 1 with high machine hours is only used sparingly in the event of major equipment failures.
Caterpillar 994 loader | 3 | 2 used in primary production fleet, 1 with high machine hours is only used sparingly in the event of major equipment failures.
Drill Rigs | Atlas Copco DM45 | 4 | Drill fleets will be replaced with comparable units upon retirement.
Atlas Copco DML | 3
Atlas Copco ROC L8 | 1

16.5 | Personnel Requirements

Fort Knox employs roughly 620 employees. Fort Knox operates two shifts, 24 hours per day, 365 days per year.

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17 | RECOVERY METHODS

Fort Knox operates two ore processing lines: a mill operation consisting of crushing, grinding, agitated cyanide leaching, and a carbon-in-pulp (CIP) circuit; and a run-of-mine valley-fill cyanide heap leaching operation where gold is recovered using two parallel carbon-in- column (CIC) circuits. Gold is recovered from solution by electrowinning and poured into doré bars at the in the mill refinery.
The Fort Knox mill facility was constructed in 1995, the first doré produced in December 1996 and commercial production achieved in March 1997. It has a daily capacity of between 29,937 and 40,823 t (33,000 and 45,000 st).

17.1 | Milling Methods and Capacity

Higher grade ore from the Fort Knox mine is processed in the CIP mill located near the Fort Knox open pit. The mill processes ore 24 hours per day, 365 days per year at a nominal capacity of 36,287 t/d (40,000 stpd) of fresh feed. The mill includes a primary crusher, a conventional semi-autogenous mill and two ball mills operating in closed-circuit with hydrocyclones to control grind size, gravity concentrators to recover coarse gold, cyanide tank leaching, recovery of gold on activated carbon in the CIP circuit, and a carbon elution and carbon regeneration circuit.
Mill feed is first crushed to minus 20 cm (8 inch) in the open-circuit primary gyratory crusher located near the Fort Knox pit. The crusher is a 1.52x2.59 m (60x102 in) model with a 700 hp motor and is rated to a nominal capacity of 65,317 t/d (72,000 stpd). The crusher product is transferred 800 m using a conveyor belt to a mill feed coarse ore stockpile with capacity for approximately 272,000 t (300,000 st).
Three reclaim feeders transfer the coarse ore from the stockpile onto a conveyor belt that feeds a semi-autogenous grinding (SAG) mill with dimensions of 10.4x4.6 m (34x15.25 ft) and powered by two 7,000 hp motors. A vibrating screen (one operating, one standby) classifies the SAG discharge stream. The screen oversize stream (pebbles) is conveyed to a 2.13 m (7 ft) short head cone crusher with a 500 hp motor. Crushed pebbles are usually stockpiled and later hauled by trucks to the dump leach. A system of conveyor belts allows the alternative recirculation of the crushed pebbles to the SAG mill, or to bypass the cone crusher and discharge them directly on the stockpile that transfer material to the dump leach. The SAG screen passing discharge stream feeds the secondary grinding stage.

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The secondary grinding stage operates with two parallel grinding lines, each line consisting of one ball mill with dimensions 6.1x9.1 m (20x30 ft) powered by a 6,500 hp motor, and operating in closed-circuit with its own hydrocyclone battery.
A fraction of each ball mill discharge stream and of the grinding mill discharge sump are diverted to a coarse gold recovery circuit. The circuit uses Knelson gravity concentrators to produce a gravity concentrate that is leached under high-temperature and high-intensity conditions in an Acacia reactor. Gold is recovered from solution by electrowinning and poured into doré bars at the in the mill refinery. Tails from the coarse gold recovery circuit are returned to the grinding circuit.
The grinding circuit hydrocyclone overflow stream is passed through four trash screens before it is discharged into a pre-leach thickener and reslurried with process water. The slurry discharged by the pre-leach thickener is pumped to a seven-stage agitated leaching tanks (94,000 gallons each) where it is contacted with cyanide solution. Slurry from the leach tanks flows to a series of CIP tanks where the dissolved gold is adsorbed onto activated carbon contained in the slurry. Periodically the carbon in each tank is transferred counter-current to the slurry flow until the carbon reaches its maximum gold loading, then it is removed to the gold elution circuit. In the elution circuit the gold is stripped from carbon using hot, caustic solution which is then circulated though electrowinning cells to precipitate the gold, and then refined to gold doré bars. After stripping, carbon is reactivated and returned to the CIP circuit. The CIP tails stream passes through a carbon safety screens before being transferred to the detoxification stage. Detoxed tailings are transferred to the tailings storage facility.
Figure 17-1: Fort Knox Mill Complex Site Plan

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Figure 17-2: Fort Knox Plant Process Flow Sheet

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17.2 | Heap Leach Facility

Fort Knox operates a valley-fill, run-of-mine heap leach, located in the upper end of the Walter Creek drainage, immediately upstream of the tailings storage facility. Material is dumped during nine months per year to avoid the coldest period, however irrigation of the heap is maintained year-round using buried piping and dripper systems.
The heap was created by covering the valley ground surface with an impermeable synthetic liner. Run-of-mine ore from the pit and existing stockpiles is hauled uphill, and with addition of lime, is dumped onto existing leach cells in 15 m lifts. Due to variable cell geometry, the tonnes of ore loaded on each cell vary significantly and consequently so do the cell leaching rates. The newly loaded cell surface is prepared with a bulldozer and then irrigation piping and drippers are used to apply the leaching solution. The current dump elevation is approximately 640 m.
In the heap leach operation, irrigation of the heap with cyanide solution extracts gold from the ore into solution. The solution is captured within the 416 ML heap reservoir, and is pumped at a fixed rate to the mill to be processed in two parallel carbon-in-column (CIC) circuits with a combined capacity of 61,000 L/m (16,000 gpm). Gold is extracted to activated carbon and periodically stripped and refined to gold bars. Following the CIC circuit, the loaded carbon is then stripped in the elution circuit. The gold in solution is then deposited on cathodes and later melted into bullion. After the gold is removed, cyanide is added to the solution and it is pumped back to the dump cells to recirculate.

17.3 | Recoveries

17.3.1 | Mill Recovery

Gold recoveries at the Fort Knox CIP mill have historically ranged between 78-90% since production began in 1996 (Figure 17-3).
The mill is expected to produce 58.9% of the 2015 metal plan (385 koz). A total of 13.7 Mt of ore will be processed in the mill with a grade of 0.655 g/t. The mill is expected to achieve an 83.5% recovery rate for 2015.

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Figure 17-3: Fort Knox CIP Plant Monthly Au Recoveries 2004 to 2014

17.3.2 | Heap Leach Recovery

In the Heap Leach operation, irrigation of the heap with cyanide solution extracts gold from the ore into solution. The solution is captured within the heap reservoir, and is pumped at a fixed rate to the mill to be processed in two parallel carbon-in-column circuits (CIC). Gold is extracted to activated carbon and periodically stripped and refined to gold bars. The recovery from leach solution onto carbon historically has been close to 85% (Figure 17-4).
Measuring the pregnant leach solution draining from each sector of the heap and differentiating whether it is from fresh ore is not possible in this type of heap. All the solution drains into a common reservoir located at the base of the heap. The only practical estimation of metallurgical recovery is the accumulated recovery over the life of the operation. At the end of December 2014 the recovery from the heap leach, since inception, was 49.9%. The cumulative recovery at the conclusion of the operation is expected to be 65%.
The Walter Creek heap leach facility will produce 41.1% of the total metal plan for 2015. About 26.0 Mt of ore with a grade of 0.295 g/t will be stacked on the pad from March to November.

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Figure 17-4: Fort Knox CIC Plant Monthly Au Recoveries 2009-2014

17.4 | Energy, Water, and Process Material Requirements

Ore processing power consumption totalled 258,064 MWh in 2014, comprising 217,667 MWh for milling and 40,396 MWh for the heap leach. Monthly power usages for ore processing in 2014 are summarized in Figure 17-5. Water consumption for 2014 is summarized in Table 17-1 and process material consumption for 2014 is summarized in Table 17-2.

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Figure 17-5: Fort Knox 2014 Processing Power Consumption

| Table 17-1: Fort Knox 2014 Water Consumption

Metric | Unit | 2014 Totals |
Total Water Withdrawn | m3 | 11,722,964 |
Total Water Discharged | m3 | 0 |
Change in Volume of Water Stored | m3 | 4,822,200 |
Water Consumption | m3 | 6,900,764 |
Ore Processed | t | 39,179,638 |
Evaporative Loss1 | m3 | 1,136,462 |
Consumption Rate | L/T | 176 |

1 Already considered in Water Consumption Totals

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| Table 17-2: Fort Knox 2014 Processing Material Consumption

Consumables | kg | lb |
SAG, 5.25"Balls | 3,821,537 | 8,425,037 |
Ball Mill, 3"Balls | 2,548,562 | 5,618,610 |
Molycop, 5.25" Balls | 5,067 | 11,171 |
Molycop, 3" Balls | 2,934,509 | 6,469,477 |
Corrosion Inhibitor | 4,638 | 10,224 |
Mill Lime | 3,340,562 | 7,364,670 |
Heap Leach Lime | 8,464,378 | 18,660,737 |
Cyanide | 623,512 | 1,374,607 |
Heap Leach Cyanide | 1,040,201 | 2,293,249 |
Heap Leach Liquid Scale Inhibitor | 41,639 | 91,799 |
Mill Antiscalant | 7,393 | 16,298 |
Heap Leach Antiscalant | 6,365 | 14,033 |
Mill Carbon | 195,975 | 432,051 |
Heap Leach Carbon | 63,019 | 138,933 |
Mill Caustic | 456,266 | 1,005,893 |
Heap Leach Caustic | 389,206 | 858,051 |
Mill HCl | 231,402 | 510,153 |
Heap Leach HCl | 198,557 | 437,743 |
Flocculant | 220,038 | 485,100 |
SBS | 51,257 | 113,002 |
Copper Sulfate | 9,979 | 22,000 |

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18 | PROJECT INFRASTRUCTURE

18.1 | Roads and Pipelines

The private Fish Creek Road provides access to the property from the state highway (Figures 5-1 and 18-1).
The major pipelines on the site are for dewatering, freshwater, heap leach, decant, and seepage reclaim. Depending on operations the pipelines have been reconfigured to serve operational requirements. Internal operations and maintenance programs ensures the integrity of all lines.

18.2 | Dumps, Stockpiles, and Heap Leach

Three waste dumps are located adjacent to the pit: Barnes Creek waste dump to the northwest; Yellow Pup to the east; and the smaller Fish Creek dump to the northeast (Figure 18-1). The Barnes Creek waste dump will be expanded to become part of the road to the Walter Creek heap leach facility during 2015. The new access will be built across lower Barnes Creek to serve as a short waste haul. Once the access is built, lower Barnes Creek continues to be a short waste haul until tailings capping begins in 2018. Waste from P7W will be routed to the Barnes Creek dump, Fish Creek dump, and lower Yellow Pup dump. Waste from P7S will be directed to the Yellow Pup dump as well as lower Barnes Creek. The Yellow Pup dump will also be utilized for P8 material prior to the breakthrough with the North Access Road. After breakthrough, waste will go to lower Barnes Creek and it will be used to cap the tailings.
There are two main stockpiles: the coarse ore (A ore) mill feed stockpile adjacent to the mill; and the Barnes Creek stockpile (C ore) north of the pit. There are also additional temporary stockpiles for all ore grades. After 2015, stockpiled C ore will be placed on the Fish Creek dump so the Barnes Creek C ore stockpile can be mined out. C ore stockpiles will be hauled to the Walter Creek heap leach facility from March to November.
The Walter Creek heap leach pad is located in the upper end of the Walter Creek drainage, immediately upstream of the tailings storage facility (Figure 18-1). Construction began in 2008 and is separated into a total of seven stages covering approximately 196 ha with a total capacity of 278 Mt.

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Figure 18-1: Fort Knox Project Infrastructure

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18.3 | Tailings Disposal

The permitted area of the tailings impoundment encompasses approximately 630 ha (1,556 ac) including areas of tailings material deposition, the tailings embankment 49 ha (121 ac), and the interceptor well system below the embankment. The final placement of tailings material is projected to cover approximately 395 ha (976 ac).
The Tailings Storage Facility (TSF) dam is approximately 1,338 m long and 107 m tall at the crest. It impounds all of the tailings generated by the mill. The TSF and the mill form a closed system for process water. Water used in the mill is pumped from the decant pond and process water which has had the cyanide level reduced to low levels is returned to the decant pond in the tailings slurry.
The original design capacity of the TSF was for approximately 190 M dmt (210 M dry st). With the identification of additional milling reserves, a 16 m (52 ft) modified centerline raise to the original TSF embankment was approved to increase the capacity of the TSF to approximately 271 M dmt (299 M dry st) which will accommodate the planned production to the end of the current mine life.
An 8.2 m (27 ft) raise was completed during 2011, and 3.4 m (25 ft) was completed in 2014. The remaining 4.3 m (14 ft) is scheduled for completion in 2015. Once completed, the dam will be constructed to its design height of 469 masl. An additional 0.9 m (3 ft) of camber on the engineered fill (seal zone) and 1.8 m (6 ft) of frost protection will bring the elevation to 472 masl.
During the 2011 through 2014 construction seasons, tailings were deposited along the dam face by spigoting to develop a beach 91 to 152 m (300 to 500 ft) in width against the upstream face of the dam. The beach improved the dam’s Factor of Safety and will enhance its long term stability.
Generally tailings are deposited along the perimeter of the impoundment. Tailings decant water accumulates in the northeast corner of the TSF and is recycled to the mill; the TSF is operated as a zero discharge facility.
The TSF includes the following infrastructure:

| ■ | Tailings Discharge Line. Three, 61 cm (24 in) diameter, HDPE, tailings discharge lines, each designed to handle 45,359 t/d (50,000 stpd) of solids, have been installed to carry tailing material from the mill to the impoundment.

| ■ | Barge and Pipeline. A floating barge located in the northeast corner of the tailings pond is used to pump water from the tailings pond to the mill. The

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|  | barge is equipped with four, 400 hp pumps pumping at approximately 33,690 L/m (8,900 gpm), as needed.

| ■ | Seepage Collection System. The seepage moves through the fractured bedrock and is captured by a large lined sump at the downstream toe of the tailings dam. An interceptor system consisting of a series of drains and wells is designed to capture any seepage that is not captured by the sump to maintain the zero discharge status of the facility. Further details are in section 20.1.2.

18.4 | Water Supply

The fresh water supply reservoir (WSR) provides make-up water to the Mill and Barge Pond and is located on Fish Creek approximately three miles below the tailings impoundment. The WSR infrastructure includes the dam, causeway, and spillway complex, and encompasses approximately 70 ha (173 ac).
The fresh water pump house houses the infrastructure that pumps make-up water from the reservoir to the Barge Pond and mill. Three are two lines one for each destination. The make-up water is used for the beneficiation process of the gold ore.

18.5 | Power Supply

The Fort Knox monthly electrical power requirement ranges between 32 and 35 Mw, and is supplied by a powerline extending from the Golden Valley Electric Association (GVEA) substation at Gold Hill to Fort Knox site, a distance of approximately 47 km.

18.6 | Buildings and Equipment Areas

Buildings on site comprise:

| ■ | Mill complex (including administration offices)

| ■ | CIP and CIC tanks

| ■ | Administration and security building

| ■ | Maintenance facility and warehouse

| ■ | Primary crusher & control office

| ■ | Core logging facility

| ■ | Truck wash

| ■ | Fresh water pump house (on reservoir)

| ■ | Powder Mag Storage area

| ■ | Cold Storage and Laydown

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19 | MARKET STUDIES AND CONTRACTS

Kinross typically establishes refining agreements with third-parties for refining of doré. Kinross’s bullion is sold on the spot market or as doré, by marketing experts retained in-house by Kinross. The terms contained within the refining contracts and sales contracts are typical and consistent with standard industry practice, and are similar to contracts for the supply of bullion and doré elsewhere in the world.

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20 | ENVIRONMENTAL STUDIES, PERMITTING, AND SOCIAL OR COMMUNITY IMPACT

20.1 | Environmental Management

FGMI established an Environmental Management System during initial permitting in 1994 that that has been superseded by an Environmental, Health, and Safety System (EHSS). The EHSS comprises 18 comprehensive environmental management plans to manage, monitor, and maintain process components site wide, including:

| ■ | Emergency Response Plan;

| ■ | Solid Waste Management Plan;

| ■ | Dam Emergency Action Plan;

| ■ | Water Balance;

| ■ | Tailings Dam Operation and Maintenance Manual;

| ■ | Water Dam Operation and Maintenance Manual;

| ■ | Heap Leach Operation and Maintenance Manual; and

| ■ | Mine Monitoring Plan.

A comprehensive environmental obligations register is maintained to track environmental permits, plans, and regulatory obligations. The register provides a tool for Fort Knox environmental management to ensure compliance with environmental obligations relating to permit conditions, agreement commitments, and regulatory and internal requirements.
SRK visited Fort Knox in 2011 as part of a State of Alaska Department of Natural Resources (ADNR) required Environmental Audit (SRK Consulting (U.S.), Inc. 2012). SRK confirmed the implementation of the environmental management plans and further integration with the health and safety provisions of the broader EHSS. The audit noted that the basis of the management plans were found to be consistently implemented and that policies were understood and supported by all levels of management. The next major independent audit is scheduled for 2018 as specified by the Plan of Operations Amendment Approval (Alaska Department of Natural Resources 2014).
In addition to ADNR required audits, Kinross internal environmental audits are conducted biennially to ensure Fort Knox is managing its environmental responsibilities in a regulatory and internally acceptable manner. The comprehensive internal audits review the mine’s environmental program with respect to permit, regulatory, and corporate requirements. The last internal audit occurred in 2013 and

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found that the environmental program was in compliance with its environmental obligations. The next internal audit is scheduled for September 2015.
Operations at the True North site ceased in 2004, and the site underwent demolition and removal of facilities, re-contouring of waste rock facilities, seeding and final reclamation. The True North annual inspection by the ADNR performed in October 2012 concluded that all major earthwork and reclamation was complete, and FGMI could continue with post-closure monitoring and maintenance (Fairbanks Gold Mining, Inc. 2013). Although operational and environmental plans addressing transportation and noise monitoring are no longer necessary and have been discontinued, FGMI still maintains environmental management plans and a list of compliance responsibilities within the EHSS. The 2012 Environmental Audit by SRK found that surface reclamation has been successful and that the monitoring of water quality should continue (SRK Consulting (U.S.), Inc. 2012).

20.1.1 | Tailings Disposal

20.1.1.1 | Overview

The Tailings Storage Facility (TSF) is designed and operated according to the Guidelines for Cooperation with the Alaska Dam Safety Program (Alaska Department of Natural Resources 2005). The Tailings Dam Operation and Maintenance Manual has been developed in accordance with these guidelines, along with the Alaska Department of Environmental Conservation’s monitoring requirements.
The Tailings Dam Operation and Maintenance Manual is subject to a rigorous review and audit process and is updated on an annual basis. The Manual includes the specification of various inspections. Outside of the Operation and Maintenance inspection requirements there are rigorous construction inspections and a QA/QC program required by the State and Kinross’ internal guidance.

20.1.1.2 | Tailings Dam Operation and Maintenance Manual

The Tailings Dam Operation and Maintenance Manual addresses three types of inspections:

| ■ | Routine Inspections;

| ■ | Extraordinary Inspections; and

| ■ | Periodic Safety Inspections

Routine inspections are related to day-to-day operations and operator familiarity with normal operations. They provide an early warning of developing issues that have the

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potential to affect dam safety. Routine inspections include water balance updates, water levels and deposition surveys, pipeline integrity checks, and seepage monitoring. Routine inspections are completed by mill operators, survey department environmental technicians, environmental engineers, and consultants as required, and are recorded, reviewed, and archived.
Extraordinary inspections are initiated when an event occurs that has the potential to cause a problem or indicates that a problem may be developing, i.e., an earthquake, higher than normal precipitation, or unusual or irregular instrumentation readings. The frequency and duration of the extraordinary inspections is dictated by the event. Depending on the severity of the situation the Emergency Action Plan may be activated.
Periodic Safety Inspections (PSI) are performed by the engineer of record and are a triennial requirement of the Alaska Dam Safety Program. The TSF dam at Fort Knox is designated as a Class II barrier according to the State of Alaska’s Dam Safety Program hazard potential classification system. However, the TSF dam is conservatively designed and built to State of Alaska Class I barrier standards (the highest hazard potential classification). The PSI is a comprehensive review of the dam and appurtenances, with the specific intent of determining potential problems that could lead to a dam failure. Current performance parameters are reviewed and updated accordingly. New performance parameters may be initiated as a result of the PSI. The historical PSI reports are used as a comparison to the current inspection and to verify that any recommendations were followed.

20.1.1.3 | QA/QC Program and Construction Inspections

Outside of the Operation and Maintenance inspection requirements there are rigorous construction inspections and a QA/QC program required by the State and Kinross’ internal guidance. These are conducted by the engineer of record and FGMI, and include the following reviews and inspections:

| ■ | Quarterly Instrumentation Reviews;

| ■ | Annual TSF Dam Inspections;

| ■ | Internal Triennial Third-Party TSF Dam Reviews;

| ■ | Construction Completion Reports;

| ■ | Failure Modes and Effects Analysis;

| ■ | Engineered Risk Assessment; and

| ■ | Dam break analysis

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Quarterly instrumentation reviews are conducted by the engineer of record to review and provide interpretation of the geotechnical and hydraulic instrumentation records for the TSF. The quarterly instrumentation review reports are provided to the Alaska Dam Safety Program. FGMI recently installed a data acquisition system that collects real-time piezometer data, which are immediately available for review by the engineer of record.
Annual TSF dam inspections are conducted by the engineer of record and includes: a visual of inspection of the dam; review and evaluation of routine inspection and maintenance records; dam management processes; and other information pertinent to the operation and performance of the TSF dam. The inspection report is provided to the Alaska Dam Safety Program, as required by the Certificate of Approval to Operate the dam.
Kinross internal triennial TSF dam reviews are conducted by an independent consultant with vast knowledge and experience in dam construction and operations. The review is all inclusive of the design, operation, and management of the TSF and dam. The most recent internal third-party review was conducted in September 2014 by LSB Consulting Services. LSB had 13 recommendations. To date, FGMI has completed seven of the recommendations and work is currently underway on the remaining six.
Construction completion reports are developed by the engineer of record from daily onsite inspections and the dam raise construction activities QA/QC program. These construction completion reports are provided to the Alaska Dam Safety Program as required by the Certificate of Approval to Modify the TSF dam.
A Failure Modes and Effects Analysis (a technical risk assessment) is required by the May 8, 2014 Revised Certificate of Approval to Modify a Dam (Alaska Department of Natural Resources 2014). It will be performed in March 2015 by third party consultants (SRK Consulting, Tetra Tech, and Robertson GeoConsultants), Alaska Department of Natural Resources, Alaska Department of Environmental Conservation, KP, and Kinross personnel. The last Failure Modes and Effects Analysis was performed during the initial permitting of Fort Knox.
An internal Engineered Risk Assessment (ERA) was conducted in 2009 and indicated that potential failure modes associated with the TSF dam were found to have low risk rankings due to their extremely low probability of occurrence. The ERA was provided to ADNR before the issuance of the January 26, 2011 Certificate of Approval to Modify

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a Dam, which authorized the 14.85 m dam raise to 469.4 masl, which is scheduled for completion in 2015.
A TSF dam break analysis will be performed by KP in 2015. The last TSF dam break analysis was performed in 2010 by SRK. The 2010 analysis concluded that all structures that are within the inundation limits for the hypothetical dam breach are also within the limits of the FEMA designated 100 year and 500 year flood plains for the affected streams and rivers. Additionally, it was concluded that the majority of solids released from the TSF would likely be deposited before the flood water would reach the confluence of Fish Creek and the Little Chena River.

20.1.2 | Seepage Interception System

The TSF dam is designed for seepage to pass beneath the dam in fractured bedrock. The seepage is captured by the pump-back system and the interceptor system. The pump-back system includes a pump-back sump together with a pumping and piping system designed to return the seepage to the TSF. The interceptor system is a series of interceptor wells developed just downstream of the dam.
Most of the seepage passing beneath the dam feeds into a large lined sump where water from the pump-back system and interceptor system is pumped back to the decant pond. Any seepage not captured directly by the pump-back system is captured by the interceptor wells. These wells form a hydraulic barrier preventing any seepage from migrating further downstream and assuring the TSF operates as a zero discharge facility.
A line of groundwater monitoring wells located immediately downstream of the interception system are monitored to insure that no process water is escaping the system and moving downstream. The water quality in the seepage interception system reflects both natural groundwater and tailings seepage quality.
Monthly and quarterly monitoring of the system’s groundwater is conducted for observing and determining the system’s performance. The groundwater monitoring wells are monitored quarterly in compliance with Waste Management Permit 2014DB0002 and the reports are provided to the agencies.

20.1.3 | Site Monitoring

The Fort Knox mine Monitoring Plan outlines comprehensive monitoring requirements for the site, including the TSF, the heap leach, the pit lake, the stream corridor/wetlands and the water supply reservoir. The monitoring plan includes:

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| ■ | Water quality sampling procedures and analytical profiles and sampling schedules;

| ■ | Characterization of acid rock drainage and processed tailings;

| ■ | Monitoring of inert solid waste landfills;

| ■ | Potable water monitoring requirements;

| ■ | Wildlife mortality reporting procedures;

| ■ | Documentation, record keeping and reporting requirements; and

| ■ | Quality assurance/quality control manual.

The Waste Management Permit 2014DB0002 stipulates that FGMI conduct geochemical monitoring to ensure that there is a low potential for the production of leachate that is acidic or contains levels of metals that would contaminate surface or groundwater. The mediums to be monitored are overburden, development rock, and ROM ore placed on the Walter Creek heap leach facility, and tailings samples from the Fort Knox mill (State of Alaska Department of Environmental Conservation 2014, 15, Section 2.3.1.5).
FGMI analyze quarterly testing of tailings solids, low grade (heap leach) ore, and topsoil (overburden) for meteoric water mobility procedure testing and acid base accounting.

20.1.4 | Water Management

20.1.4.1 | Decant Water

Water is used to slurry tailings which is discharged to the tailings impoundment by gravity flow or pumping. The water accumulates in the North Pond, South Pond and Barge Pond where it is ultimately pumped back to the mill for reuse in the processing of ore.

20.1.4.2 | Seepage Water

The seepage flow regime through the engineered filter zones and along the geosynthetic lined toe drain is collected in a geosynthetic lined sump at the toe of the dam. The seepage that combines with groundwater and migrates around the primary collection zone is captured downgradient by a series of twelve interceptor wells and the 501 drain. See section 20.1.2 for details.

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20.1.4.3 | Stormwater Runoff

A Stormwater Pollution Prevention Plan is in place and is updated as required. FGMI actively and effectively manages stormwater runoff by establishing and maintaining control structures (i.e., brush berms, rock check dams, velocity reducing structures, stilling basins) along access and service roads.

20.1.5 | Hazardous Waste Management

Kinross has been signatory to the International Cyanide Management Code for the Manufacture, Transport, and Use of Cyanide in the Production of Gold (Cyanide Code) since 2005.
The Cyanide Code’s development occurred in the early 2000s and it was implemented in 2005 for safe and responsible management of cyanide by an international multi-stakeholder committee under the auspices of the United Nations Environment Program (UNEP) and is administered by the International Cyanide Management Institute (ICMI). As a signatory company, Kinross is required to meet the Code’s Principles and Standards of Practice criteria, which is verified by strict independent third-party auditing.
Fort Knox achieved initial certification in February 2008, and received recertification in September 2011 and February 2015. Fort Knox certification summary audit reports may be found at http://www.cyanidecode.org.
FGMI is a Small Quantity Generator under the Resource Conservation and Recovery Act (RCRA), and ships limited quantities of hazardous wastes off site to a permitted treatment, storage and disposal facility. As such, FGMI maintains a Hazardous Materials Registration (Reg. No: 051712 551 083UW) with the U.S. Department of Transportation. As a Small Quantity Generator, FGMI generates between 100 and 1,000 kg of hazardous waste per month and is required to comply with the RCRA regulations in U.S. Title 40, Code of Federal Regulations.

20.1.6 | Air Quality Management

The Fort Knox mine is authorized to operate under two air quality permits (Title I Air Quality Control Minor Permit AQ0053MSS04 and Title V Air Quality Control Operating Permit AQ0053TVP02 Revision 1) for stationary sources issued by the Alaska Department of Environmental Conservation (ADEC) – Division of Air Quality, Air Permits Program.

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The Title I minor permit regulates gaseous (sulphur compounds nitrogen compounds, visible, and fugitive emissions. The air permits require a variety of parameters to be collected such as differential pressure drops across baghouses, opacity from emission units and fugitive dust, fuel deliveries and usage, sulphur content, and hours of operation. In addition, source testing is required for stationery sources (such as baghouses and the carbon regeneration kiln), to verify the source is operating correctly. FGMI also submits an estimate of particulate matter 10 m or less, oxides of nitrogen, oxides of sulphur, and carbon monoxide. Fort Knox’s minor air quality permit does not require source testing unless an opacity test fails.
The Title V operating permit regulates mercury emissions from two activated carbon bed adsorption vessels that control exhaust gases from the carbon regeneration kiln, five electrowinning cells, and refining furnace. The air permit requires a variety of parameters to be collected such as carbon adsorber inlet gas-stream temperatures, hours of operation, carbon monitoring, and concentrate weights. Annual source testing is required and results are submitted to EPA and ADEC within 60 days of the source test.
FGMI submits compliance reports for both air permits with the required information every six months to the Division of Air Quality. A Title V permit compliance certification report is submitted annually to the Division of Air Quality.

20.1.7 | Solid Waste Management

A Solid Waste Management Plan is in place as part of the EHSS. Solid wastes at the site are managed under Waste Management Permit 2014DB0002, which covers disposal of mine waste to the TSF, inert solid waste landfill facilities, the Walter Creek heap leach facility, the open pit mine, and groundwater and surface water monitoring systems at the Fort Knox mine.
A large number of solid waste materials are sent offsite for recycling, significantly reducing the quantities of waste to be managed onsite. The majority of non-hazardous incidental waste that cannot be recycled is shipped offsite for proper disposal. In addition, some quantities of non-hazardous wastes are placed in permitted facilities within the waste rock dumps or burned with ADEC authorized methods.

20.2 | Permitting

All requisite permits have been obtained for mining of the existing Fort Knox open pit mine and are in good standing in all material respects (Table 20-1). Current expansion

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projects for waste rock and heap leach were approved by the necessary agencies in 2014.
Fort Knox operates under Plan of Operations F20079852, last amended in March 2014, and effective until March 2019. The Plan of Operations authorizes activities upon state lands encompassed by Amended and Restated Millsite Lease, Uplands Mining Lease, and certain private lands. The Plan of Operations contains general, project-specific, and standard stipulations for environmental protection, monitoring, reporting, and reclamation and closure.

| Table 20-1: Key Operating Permits and Environmental Assessments

Agency1 |  | Permit # |  | Description |  | Date Issued |  | Expiration/ Renewal Date
Federal |  |  |  |  |  |  |  |
EPA |  | AKR000002352 |  | RCRA Small Quantity Generator FGMI EHS-E981 |  | 2012-01-26 |  | Annual
EPA, Region 10 |  | Facility # 12779 |  | UIC Class V Closure Plan (Facility #12779) at the Fort Knox mine |  | 2006-08-21 |  | No Expiration Date
FCC |  | WPRW650 |  | Radio Station Authorization FGMI EHS-E978 |  | 2011-06-14 |  | 2021-03-02
FCC |  | WPSH854 |  | Radio Station Authorization FGMI EHS-E979 |  | 2011-06-14 |  | 2021-05-02
Nuclear Regulatory Commission |  | 50-29098-01 |  | Radio Active Materials License FGMI EHS-E905 |  | 2011-07-12 |  | 2021-12-31
Bureau Of Alcohol, Tobacco, Firearms and Explosives |  | 9-AK-090-22-5A-12031 |  | Federal Explosives License / Permit FGMI EHS-E906 |  | 2012-01-01 |  | 1/1/2015 Renewal Processing
US Dept of Transportation & Public Safety |  | 051712 551 083UW |  | Hazardous Materials Certificate of Registration Year(s) 2012 to 2015 |  | 2012-05-17 |  | 2015-06-30
Corps of Engineers Fort Knox Mine Environmental Assessment |  | N/A |  | Fort Knox Environmental Assessment for the Initial ACOE permitting process FGMI EHS-E908 |  | August 1993 |  | Life of the Project
BLM |  | FF096399 |  | Land Use Permit Authorizing FGMI to conduct mineral Exploration on BLM Managed Land FGMI EHS-E959 |  | 2014-09-21 |  | 2017-09-21
Corps of Engineers |  | POA-1992-574-M18 |  | Prelim stages of reconstruction of TSF Dam in prep for future increase in height, storage capacity & excavation of material below shoreline of permitted storage area. FGMI EHS-E959 |  | 2010-03-01 |  | 2015-03-31
Corps of Engineers |  | POA-1992-574-M19 |  | Construction to raise the Tailing Storage Facility dam 52 ft FGMI EHS-E957 |  | 2011-03-04 |  | 2016-03-31
Corps of Engineers |  | POA-2006-2047 |  | Jurisdictional Determination for the Exploratory Drill Holes in Slippery and Johnson Creeks FGMI EHS-E958 |  | 2011-06-15 |  | 2016-06-15
Corps of Engineers |  | POA-1992-574-M20 |  | Authorization to Expand Barnes Creek Waste Rock Dump FGMI EHS-E976 |  | 2011-07-28 |  | 2016-07-31
Corps of Engineers |  | POA-1992-574-M21 |  | Update and renew Fort Knox mine Reclamation and Closure Plan February 2011 FGMI EHS-E983 |  | 2011-11-03 |  | 2016-11-30
Corps of Engineers |  | POA-1992-574-M22 |  | Fill of 0.28-acre of wetlands at Yellow Pup Waste Rock Dump |  | 2013-11-30 |  | 2016-11-30
Corps of Engineers |  | POA-1992-574-23 |  | Clearing of 0.13-acre wetlands for borrow source for heap leach |  | 2013-05-06 |  | 2016-11-30
Corps of Engineers |  | POA-1992-574-M24 |  | Fill into 2 acres of wetlands for expansion of the Yellow Pup Waste Rock Dump |  | 2014-05-02 |  | 2016-11-30
Corps of Engineers |  | POA-1992-574-M25 |  | Mechanical clearing of 10.4 acres of a borrow source and filling 0.85-acre of wetlands for construction of an |  | 2014-07-02 |  | 2016-11-30

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Agency1 |  | Permit # |  | Description |  | Date Issued |  | Expiration/ Renewal Date
|  |  |  | access road. |  |  |  |
Corps of Engineers |  | POA-1992-574 |  | Nation Wide Permit (NWP) No. 7 approval to construct an outfall structure. |  | 2015-01-27 |  | 2017-03-18
State |  |  |  |  |  |  |  |
ADEC - APDES |  | AKR05CB48 |  | MSGP Industrial Stormwater Discharge Monitoring – Fort Knox FGMI EHS-E914A |  | 2008-09-29 |  | 9/29/20132
ADEC - APDES |  | AKR05DB43 |  | MSGP Industrial Stormwater Discharge Monitoring – Gil Exploration Site FGMI EHS-E914A |  | 2008-09-29 |  | 9/29/20132
ADEC - APDES |  | AKR05CB49 |  | MSGP Industrial Stormwater Discharge Monitoring – True North FGMI EHS-E914A |  | 2008-09-29 |  | 9/29/20132
ADEC - APDES |  | AKR05DB58 |  | MSGP Industrial Stormwater Discharge Monitoring – Central Exploration Site FGMI EHS-E914A |  | 2008-09-29 |  | 9/29/20132
ADEC - APDES |  | AKR05DC03 |  | MSGP Industrial Stormwater Discharge Monitoring – Gilmore Exploration Site FGMI EHS-E914A |  | 2012-04-10 |  | 9/29/20132
ADEC |  | AQ0053MSS04 |  | Title 1 Air Quality Control Minor Permit FGMI EHS-E915 |  | 2012-12-17 |  | No Expiration Date
ADEC - APDES |  | AK0053643 |  | Wastewater Discharge Authorization Program for Fort Knox mine Facility FGMI EHS-E987 |  | 2012-10-01 |  | 2017-09-30
ADEC |  | 2014-DB0002 |  | Waste Management Permit for Fort Knox mine FGMI EHS-E916 |  | 2014-03-28 |  | 2019-03-27
ADEC |  | Ref#POA-1992-574-M19 |  | Certificate of Reasonable Assurance for construction to raise TSF dam 52 ft FGMI EHS-E967 |  | 2011-03-04 |  | 2016-03-31
ADEC Division of Env. Health Drinking Water Program |  | PWSID: 314093 Source ID: WL001 |  | New Well & Water Softener Class: Non-Transient Non-Community (NTNC), Class A; Source: Groundwater FGMI EHS-917 |  | 2009-03-04 |  | No Expiration Date
ADEC Drinking Water Program Office |  | ID #AK2314093 |  | Sanitary Survey Fort Knox Drinking Water, Follow-Up FGMI EHS-E920 |  | 2005-07-30 |  | 2015-12-31
ADEC Drinking Water Program Office |  | PWSID #314093 |  | Initial Waiver Approval for Synthetic Organic Contaminants (SOC) for 2011-2013 compliance period FGMI EHS-E966 |  | 2013-02-01 |  | 2015-09-30
ADEC Div of Water, Wastewater Discharge Authoriz. Program |  | Ref# POA-1992-574-M20 |  | Certificate of Reasonable Assurance for Expansion of Barnes Creek Waste Rock Dump FGMI EHS-E984 |  | 2011-07-21 |  | 2016-07-21
ADEC Div of Air Quality |  | AQ0053TVP02 Revision 1 |  | Final Title V Operating Permit for FGMI FGMI EHS-E900 |  | 2014-04-25 |  | 2017-09-04
ADEC Div of Water, Wastewater Discharge Program |  | File No. 104.45.002 |  | Ft. Knox Mine-ALPM Maint. Shop Septic System Final Approval to Operate |  | 2009-12-01 |  | No Expiration Date
ADEC Div of Water, Wastewater Discharge Program |  | File No. 104.45.001 |  | Ft. Knox Gold Mine-Replacement Leachfield, Two New Standard Manholes, Final Approval to Operate |  | 2007-01-19 |  | No Expiration Date
Dept of Fish & Game |  | FG93-III-0202 |  | Fish Habitat Permit Solo Creek Culvert FGMI EHS-E921 |  | 1994-02-15 |  | Upon Third Party Transfer
Dept of Fish & Game |  | FG99-III-0097, 0098, 0099, 0100, 0101 |  | Fish Habitat Permit Wetlands Channel #1, #2, #3, #4, #5 FGMI EHS-E923 |  | 5/14/1999, 5/15/1999, 6/1/99, 6/9/99 |  | Upon Closure of Mine
Dept of Fish & Game |  | FH11-III-0053 |  | Fish Habitat Permit Fish Creek, Nugget Creek, APMA 9156 FGMI EHS-E960 |  | 2011-03-01 |  | 12/31/2014 Renewal Processing
ADNR |  | ADL 414960 & ADL 414961 |  | Second Amendment to Millsite Lease ADL 414960 & 414961 FGMI EHS-E974 |  | 2011-06-01 |  | Mine Life
ADNR |  | FH11-III-00111 |  | Fish Habitat Permit for Multi-Year 2011-2015, Hardrock Exploration Application APMA F11-2157, Porcupine Creek, Bonanza Creek FGMI EHS-E970 |  | 2011-04-28 |  | 2015-12-31
ADNR |  | LAS 13988 |  | Certificate of Appropriation, Fish Creek, Mining, Milling, including Heap Leach |  | 2011-12-21 |  | No Expiration Date

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Agency1 |  | Permit # |  | Description |  | Date Issued |  | Expiration/ Renewal Date
ADNR |  | LAS 13987 |  | Permit to Appropriate Water, Interceptor Wells FGMI EHS-E929 |  | 2003-02-06 |  | Renewal Processing
ADNR |  | LAS 13986 |  | Permit to Appropriate Water, Water Supply Reservoir FGMI EHS-E930 |  | 1994-02-15 |  | 2019-02-15
ADNR |  | LAS 21760 |  | Permit to Appropriate Water, Dewatering Wells FGMI EHS-E931 |  | 2004-04-21 |  | Renewal Processing
ADNR |  | AK00212 |  | Certificate of Approval to Modify a Dam (Approval to raise dam by 52 feet in two successive stages in 2011 & 2013) FGMI EHS-E934 |  | 2014-05-08 |  | 2015-05-08
ADNR |  | AK00211 |  | Certificate of Approval To Modify a Dam (Water Storage Reservoir) FGMI EHS-E933 |  | 2010-10-26 |  | 10/26/2014 Renewal Processing
ANDR |  | AK00310 |  | Certificate of Approval To Operate a Dam (Walter Creek heap leach Pad Dam) FGMI EHS-E932 |  | 2014-02-07 |  | 2/7/2015 Renewal Processing
ADNR |  | AK00212 |  | Certificate of Approval To Operate a Dam (Fort Knox Tailings Dam) FGMI EHS-E973 |  | 2013-06-24 |  | 2015-08-02
ADNR |  | ADL 47229 |  | Modified Lease Certificate – Fish Creek |  | 1994-02-15 |  | 2019-02-15
ADNR |  | ADL 535408 |  | Fort Knox Upland Mining Lease FGMI EHS-E935 |  | 2014-02-15 |  | 2034-02-14
ADNR |  | ADL 414960 & 414961 |  | Fort Knox Millsite Permit FGMI EHS-E936 |  | 1994-02-15 |  | Mine Life
ADNR |  | ADL 414960 & 414961 Addendum |  | Amended and Restated Millsite Lease FGMI EHS-E937 |  | 2007-07-03 |  | Mine Life
ADNR |  | F20149852 |  | Final Plan of Operations Amendment Approval FGMI EHS-E938 |  | 2014-03-28 |  | 2019-03-27
ADNR |  | Plan of Operations Amendment |  | Re-routing segment of Fish Creek Road powerline & clearing of a 43-acre area to the N & E of topsoil stockpile for a sub-base material source FGMI EHS-E965 |  | 2011-04-07 |  | Mine Life
ADNR |  | Plan of Operations Amendment |  | 2012 Construction Season Clearing Approval |  | 2012-02-03 |  | Mine Life
ADNR |  | Plan of Operations Amendment |  | Carbon-in-Column Plant #2 Construction Approval |  | 2012-05-07 |  | Mine Life
ADNR |  | Plan of Operations Amendment |  | New Fuel Island Installation Approval |  | 2012-06-25 |  | Mine Life
ADNR |  | Plan of Operations Amendment |  | Plan of Operation Modification - Carbon in Column Plan #2 Construction amendment and design details approved |  | 2012-07-03 |  | Mine Life
ADNR |  | Plan of Operations Amendment |  | Plan of Operation Modification - Proposed Growth Media Stockpile (West of YP WRD) Approval |  | 2012-09-10 |  | Mine Life
ADNR |  | ADL 528271 |  | In the name of Melba Creek Mining, Inc. lease renewed until August 31, 2019 FGMI EHS-E939 |  | 2009-08-31 |  | 2019-08-31
ADNR |  | ADL 415405 |  | Land Use Permit Fish Creek And Fairbanks Creek Road Right Of Way FGMI EHS-E940 |  | 1996-03-07 |  | Mine Life
ADNR |  | APMA 9156 |  | Gil (Multi-year 2010 – 2014 Misc Land Use Permit for Hardrock Exploration & Reclamation) FGMI EHS-E941 |  | 2010-01-01 |  | 12/31/2014 Renewal Processing
ADNR |  | APMA 9736 |  | Miscellaneous Land Use Permit for Hardrock Exploration Permit #9736 |  | 2014-04-30 |  | 2018-12-31
ADNR |  | APMA 2157 |  | Miscellaneous Land Use Permit for Hardrock Exploration Permit #2157 FGMI EHS-E982 |  | 2013-01-22 |  | 2015-12-31
ADNR |  | TWUP F2010-60 |  | To withdraw up to combined total of 14,000 gallons of water per day at a max rate of 10 gpm for Gil Project APMA F109156 FGMI EHS-E961 |  | 2010-12-21 |  | 12/31/2014 Renewal Processing

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Agency1 |  | Permit # |  | Description |  | Date Issued |  | Expiration/ Renewal Date
ADNR |  | TWUP F2010-51 |  | To withdraw up to combined total of 64,800 gallons of water per day with a combined max of 72.585 acre feet of water per year for Gil Project APMA F109156 FGMI EHS-E962 |  | 2010-12-21 |  | 12/31/2014 Renewal Processing
ADNR |  | TWUP F2010-46 |  | To create a cone of depression around the Fort Knox mine Pit by withdrawing 5,645 acre-feet of water per year at a max of 3,500 gpm for each authorized year. FGMI EHS-E963 |  | 2010-09-21 |  | 2015-09-20
ADNR |  | TWUP F2011-61 |  | To supply water in support of hardrock exploration mining activities associated with APMA F112157 FGMI EHS-E968 |  | 2011-07-13 |  | 2015-12-31
ADNR |  | TWUP F2010-53 |  | To supply water in support of hardrock exploration mining activities associated with APMA F107522 FGMI EHS-E968 |  | 2010-09-21 |  | 2015-09-20
ADNR |  | TWUP F2011-22 |  | To supply water additional water to the tailings storage facility in support of mining activities. FGMI EHS-E968 |  | 2011-05-05 |  | 2016-05-04
ADNR |  | AK00310 |  | Revised Certificate of Approval to Operate a Dam Walter Creek heap leach to increase solution recirc and ore lift thickness FGMI EHA-E985 |  | 2014-11-10 |  | 2/5/2015 Renewal Processing
ADNR |  | ADL 419213 |  | TSF Jetty Pipeline Road & Re-Alignment of Portion of Fish Creek Road |  | 2011-04-14 |  | Mine Life
ADNR – Div Of Forestry |  | 1458224 |  | Fort Knox Burn Pit Permit FGMI EHS-E949 |  | 2014-04-04 |  | 8/30/2014 2015 permit issued March 2015.
Dept. of Public Safety |  | N/A |  | Life And Fire Safety Plan Check |  | 1999-06-29 |  | Construction Approval Archived
Dept. of Public Safety |  | N/A |  | Tank Installation Plan Review |  | 2014-01-31 |  | Construction Approval Archived
Dept of Labor |  | SEE FILES |  | Certificate Of Inspection For Fired And Unfired Pressure Vessel FGMI EHS-E945 |  | See Files 9/7/2011 |  | As Required 9/2015
Dept of Labor |  | EIN 061325565 |  | Employer Identification FGMI EHS-E946 |  | September 1991 |  | Mine Life
Dept of Labor |  | BL 1011245 |  | Business License FGMI EHS-E947 |  | 2014-10-06 |  | 2016-12-31
Dept of Revenue |  | 100051 |  | FGMI Mining License FGMI EHS-E948 |  | 2013-05-07 |  | 2014-04-30
Local |  |  |  |  |  |  |  |
FNSB |  | NA |  | FNSB Floodplain Permit FGMI EHS-E950 |  | 1994-04-28 |  | NA
FNSB |  | CUO13-94 |  | Conditional Use Permit (Tailing Disposal) FGMI EHS-E951 |  | 1994-03-01 |  | NA
FNSB |  | CUO14-94 |  | Conditional Use Permit (Solid Waste Landfill) FGMI EHS-E952 |  | 1994-03-01 |  | NA
FNSB |  | 12441 |  | Zoning Permit FGMI EHS-E953 |  | 1994-04-21 |  | NA

1 Agency abbreviations:
ADEC – Alaska Department of Environmental Conservation;
ADEC-APDES – Alaska Department of Environmental Conservation, Division of Water, Alaska Pollutant Discharge Elimination System Program;
ADNR – Alaska Department of Natural Resources
BLM – Bureau of Land Management;
EPA – Environmental Protection Agency;
FCC – Federal Communications Commission; and
FNSB – Fairbanks North Star Borough.
2 State extension until renewal of MSGP 2015

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20.3 | Social and Community Requirements

Alaska’s political climate is relatively stable and the state has a long history of resource development. The large-scale metal mining industry is relatively young with only seven large-scale operating mines; the oldest of which was first operational in 1989.
Public perception polling completed in 2014 showed that mining in Alaska is considered important by 4 out of 5 Alaskans (84%). The ranking in Alaska’s interior was the highest; 97% considered mining to be an important part of Alaska’s economy. Overall, the mining industry is viewed favorably.

20.4 | Mine Closure Requirements and Costs

FGMI maintains a reclamation and closure plan which outlines comprehensive closure plans and cost estimates (Fairbanks Gold Mining, Inc. 2013).
FGMI’s long-term goals for reclamation performed during and after mining and milling operations are to contour, stabilize, and revegetate disturbed areas in order to return the land to a safe, stable and productive condition. FGMI is contouring and stabilizing disturbed areas to create ground conditions that promote vegetation development and provide conditions for colonization by native species. Native grass species available commercially are used for rapid soil stabilization.
The objectives of the reclamation and closure plan (Fairbanks Gold Mining, Inc. 2013) are:
1. Stabilization and protection of soil materials from wind and water erosion.
2. Stabilization of steep slopes through contouring to provide rounded land forms with erosion control.
3. Establishment of long-term, self-sustaining vegetation communities conducive to natural invasion and succession.

20.4.1 | Water Management

The goal of the water management plan will be to protect designated use standards in the receiving water. The strategy is based on model predictions, and as such, it will be subject to review and refinement during the closure period as actual conditions become known. The closure water management plan covers both receiving water and mine site surface water.

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20.4.2 | Tailings Storage Facility

During mining, the tailings impoundment water is not discharged; the mill recycles water from the tailings impoundment for reuse in the beneficiation process. After mining, milling and heap leaching activities cease, a spillway will be constructed. When the water meets discharge standards, the TSF spillway will convey seasonal surface water runoff to Fish Creek. The TSF will continue to be operated as a zero discharge facility until the heap leach facility is successfully closed. The tailings impoundment is an unlined facility. Process solution that passes through the bottom of the tailings impoundment is transported with groundwater flow downstream. In addition, water passing through the rock fill of the tailings dam encounters the filter zone of the engineered core which transports it down to the highly fractured bedrock beneath the dam.
The currently proposed reclamation approach by FGMI utilizes characteristics of both standard industry approaches to tailings reclamation, and includes areas of open water, wetland boundaries, and dry upland covered areas. Excess water from the south pond will be conveyed to the north ponds in order to stabilize the overall water balance of the facility. Ultimately, as allowed by the final water quality in the impoundment, excess water will be discharged via an engineered spillway into the rehabilitated Fish Creek.

20.4.3 | Seepage Interception System

The water quality in the seepage interception system reflects both natural groundwater and tailings seepage quality. Water quality modelling indicates that development of a tailings beach, will reduce the rate of seepage from the tailings and consequently improve seepage water quality in the short term. Seepage water quality is predicted to further improve in the initial period following cessation of operations. The seepage interception system will continue to operate, and the seepage water will be pumped to the Barge Pond until water quality standards have been met.
If during the initial closure period water quality trends indicate discontinuation of seepage collection could affect designated uses in the water supply reservoir, passive treatment alternatives will be evaluated.
Closure of the seepage collection system will include:

| ■ | Discontinuation of pumping from the seepage collection gallery and wells.

| ■ | Removal of pumps, piping, and surface structures for salvage or disposal.

| ■ | Plugging and decommission of the seepage collection wells.

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| ■ | Puncture the sump liner at frequencies and locations that will accommodate the maximum discharge at closure and long term seepage estimates.

20.4.4 | Pit Lake

After mining ceases, the pit will initially create a hydraulic sink (Schlumberger Water Services 2011). The pit will fill up relatively quickly at the beginning of closure due to the volume of water pumped from the Barge Pond and rinse water from the heap leach pad. Once the pit lake has reached the final elevation of 448 m (1470 ft), the level of tailings will be higher than the pit lake water elevation and the water will flow through the fractured bedrock and under the TSF.
Treatment alternatives have been evaluated for implementation during the initial years of pit filling to aid in controlling potentially elevated metals concentrations in the pit lake resulting from tailings decant/seepage water addition.

20.4.5 | Heap Leach Pad and Waste Dumps

The proposed method of closure for the Fort Knox heap leach is based on site-specific conditions, facility design, currently available test work, and the technical analyses completed as part of closure planning. The supporting data and concepts for the closure of the heap leach is provided in Fort Knox mine Closure Management Plan for Proposed Heap Leach Facility (Water Management Consultants 2006).
The reclamation of the heap and waste dumps follows standard industry practice with regrading, cover placement (as necessary), and revegetation. The key factor for consideration will be the quality of runoff and seepage from these facilities, which will contribute to the overall water quality of the TSF post closure. A consolidated growth media balance is presented in the reclamation plan.

20.4.6 | Water Supply Reservoir, Solo Creek Causeway and Gil Causeway

FGMI will leave the water supply reservoir and Solo Creek causeway in place to allow for the long-term use (and maintenance) as a recreational lake and wetland area. Following reclamation and closure of the project process components, the dam, access road and Solo Creek Causeway will be maintained according to the terms defined in the Agreement for Funding Post-Reclamation Obligations between FGMI, ADNR and ADF&G (Fairbanks Gold Mining, Inc. 2013). The Gil Causeway will be breached to allow the free movement of fish from the main lake body into upper reaches of the lake and Last Chance Creek.

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The lake will not be available for public use until final reclamation and a period of post-closure monitoring (approximately ten years) is complete and the area is transferred to the State.

20.4.7 | Waste Rock Dumps

Upon cessation of mining at Fort Knox, the waste rock dumps will contain approximately 399 Mt (440 Mst) of waste rock. The area calculated for financial assurance is based on current life-of-mine plans. The current Standardized Reclamation Cost Estimator model estimates that there will be a surface area of 361 ha (893 ac) of waste rock dumps requiring reclamation. It should be noted Fish Creek Waste Rock Dump and a portion of Barnes Creek Waste Rock Dump have been repurposed as low grade stockpiles, which are being loaded on the heap leach pad. Reclamation of waste rock dumps will be initiated once that they are no longer required for waste rock disposal. FGMI will concurrently reclaim inactive dumps that will not be subject to future disturbance. Based on the current mining schedule, concurrent reclamation of waste rock dumps is scheduled to begin in 2021.
Reclamation of the waste rock dumps will entail recontouring and growth media placement. The crests of the waste rock dumps will be rounded with material pushed outward to establish a slope of approximately 2.5H:1V or flatter (face angle calculations uses a final slope of 3H:1V). Large boulders that are uncovered during sloping may be left on the surface to provide topographic diversity, microhabitats for wildlife and vegetation, and to break the linear appearance of the final slope. Growth media will be placed at a depth that will promote successful revegetation, defined as verifying that there is 70% cover three years after the last application of seed and fertilizer.
When final sloping, contouring, and growth media placement (if required) have been completed, waste rock dumps will be ripped along the contour. Contour ripping will reduce the erosion potential by reducing smooth slope length with the series of furrows created that will also increase infiltration. Ripping on the contour will provide micro-habitats for increased moisture retention and seed germination. Brush berms and/or sedimentation berms will be constructed at the toe of dumps where feasible.
Waste rock dumps will be revegetated following completion of earthwork. Due to the rocky, irregular nature of the final slopes, broadcast-seeding methods will be utilized.

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20.4.8 | Buildings and Equipment Sites

Buildings remaining at Fort Knox when production ceases will include the mill building, portable office buildings, truck shop, warehouse, and various other buildings. As facility components of the site are decommissioned, materials, equipment, and some buildings will be removed. Currently, the buildings planned for removal include the tailings barge, tailings seepage building, primary crusher, belt conveyor/drive tower, bulk fuel, and the water reclaim freshwater pump house and heap leach structures all of which are accounted for in the face angle estimate. The majority of the buildings and structures are located within FGMI surface ownership boundaries. Equipment, and piping not needed for the reclamation and monitoring process will be utilized at another mining site, sold, salvaged, or disposed in an approved manner. Past experience indicates that most equipment will be either utilized at other facilities or sold. The remaining buildings will be left in place and put to alternate uses that have yet to be determined.

20.4.9 | Reclamation Costs

Kinross estimates the net present value of future cash outflows for site restoration costs at Fort Knox and True North under International Financial Reporting Standards (“IFRS”), International Accounting Standard 37 (“IAS 37”) and International Financial Reporting Interpretation Committee 1 (“IFRIC 1”) for the year ended December 31, 2014, at approximately US$67.6 million (Fairbanks Gold Mining, Inc. 2013). Kinross currently has posted approximately US$99.2 million of letters of credit to various regulatory agencies in connection with its closure obligations at Fort Knox and True North.
The Alaska Department of Environmental Conservation apportionable amount of financial assurance is US$64.0 million of this amount US$45.6 million includes direct costs, mobilization/demobilization and US$18.4 million as indirect costs.

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21 | CAPITAL AND OPERATING COSTS

21.1 | Capital Costs

Life of mine sustaining capital is estimated to be US$325 million, for the period 2015 to 2019 (Table 21-1).

| Table 21-1: Fort Knox Capital Cost Summary (US$ x 1,000)

Capital Cost |  | Equipment/ Infrastructure |  |  | Mine Development |  |  | Other |  |  | Total |
Underground |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Surface |  |  | 69,316 |  |  |  | 150,792 |  |  |  | - |  |  |  | 220,108 |
Processing |  |  | 103,678 |  |  |  | - |  |  |  | - |  |  |  | 103,678 |
Other |  |  | 1,000 |  |  |  | - |  |  |  | - |  |  |  | 1,000 |
Total |  |  | 173,993 |  |  |  | 150,792 |  |  |  | - |  |  |  | 324,785 |

21.2 | Operating Costs

Operating costs are tracked and well understood. Total LOM operating costs and 2015 target cost per tonne are summarized in Table 21-2.

| Table 21-2: Fort Knox Operating Cost Summary (US$ x 1,000)

Operating Costs | US$ LOM | 2015 Cost (US$) /Tonne Processed
Surface (incl. Stripping) | 882,181 | 4.817
Processing | 381,384 | 2.634
G&A | 158,043 | 1.166
Other | 56,885 | 0.000
Total | 1,478,494 | 8.618

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

22 | ECONOMIC ANALYSIS

Under NI 43-101 rules, a producing issuer may exclude the information required for Item 22 – Economic Analysis on properties currently in production, unless the Technical Report prepared by the issuer includes a material expansion of current production. Kinross is a producing issuer, the Fort Knox mine is currently in production, and a material expansion is not included in the current LOM plans. Kinross has carried out an economic analysis of Fort Knox using the estimates presented in this report and confirms that the outcome is a positive cash flow that supports the statement of Mineral Reserves.

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23 | ADJACENT PROPERTIES

No reliance was placed on any information from adjacent properties in the estimation and preparation of the resources and reserves reported in this Technical Report. Adjacent properties are therefore not deemed material to this report.

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24 | OTHER RELEVANT DATA AND INFORMATION

No additional information or explanation is necessary to make this Technical Report understandable and not misleading.

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25 | INTERPRETATION AND CONCLUSIONS

25.1 | Mineral Resource Estimation

Mineral Resource estimates have been prepared using acceptable estimation methodologies. The classification of Measured, Indicated, and Inferred Resources conform to Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards for Mineral Resources and Mineral Reserves dated November 27, 2010.
Protocols for drilling, sampling, analysis, security, and database management meet industry accepted practices. The drillhole databases were verified and are reasonable for supporting a resource model for use in Mineral Resource and Mineral Reserve estimation.
Kinross is not aware of any environmental, permitting, legal, title, taxation, socio-economic, marketing, political, or other modifying factors which could materially affect the open pit mineral resource estimates.
Fort Knox:

| ■ | The EOY 2014 Measured and Indicated Mineral Resources for Fort Knox, exclusive of Mineral Reserves, total 75.9 Mt at 0.37 g/t Au and contain 912,200 oz Au.

| ■ | The EOY 2014 Inferred Mineral Resources for Fort Knox total 9.5 Mt at 0.41 g/t Au and contain 126,300 oz Au.

| ■ | The resource estimate Au cutoff grade is 0.16 g/t.

Gil:

| ■ | The EOY 2014 Measured and Indicated Mineral Resources for Gil, exclusive of Mineral Reserves, total 29.5 Mt at 0.56 g/t Au and contain 532,700 oz Au.

| ■ | The EOY 2014 Inferred Mineral Resources for Gil total 4.0 Mt at 0.49 g/t Au and contain 62,800 oz Au.

| ■ | The resource estimate Au cutoff grade is 0.21 g/t Au.

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25.2 | Mining and Mineral Reserves

| ■ | The Mineral Reserves estimate has been prepared using acceptable estimation methodologies and the classification of Proven and Probable Reserves conform to CIM Definition Standards.

| ■ | Mineral Reserves are reported for Fort Knox only; there are no Mineral Reserves for Gil.

| ■ | The EOY 2014 open pit Proven and Probable Reserves for Fort Knox, including existing stockpiles scheduled for processing, are estimated to be 163.8 Mt at 0.46 g/t Au, containing 2.4 Moz Au.

| ■ | The reserve estimate Au cutoff grades range from 0.19 g/t for C (processed in heap leach) ore to 0.35 g/t for A ore (processed in mill).

| ■ | Recovery and cost estimates are based on actual operating data and engineering estimates.

| ■ | Economic analysis of the Fort Knox Life of Mine (LOM) plan generates a positive cash flow and meets the requirements for statement of Mineral Reserves. In addition to the Mineral Reserves in the LOM plan, there are Mineral Resources that represent opportunities for the future.

25.3 | Process

| ■ | The Fort Knox mine site operates two ore processing lines: a mill operation consisting of crushing, grinding, agitated leaching, and a carbon-in-pulp circuit (CIP); and a run-of-mine valley-fill cyanide heap leaching operation where gold is recovered using two parallel carbon-in-column (CIC) circuits.

| ■ | Gold is recovered from solution by electrowinning and poured into doré bars at the in the mill refinery.

25.4 | Environmental Considerations

| ■ | FGMI constantly seeks excellence in its occupational health and safety, environmental and social responsibility system. Kinross is signatory to the Cyanide Code, and Fort Knox is certified under The Code.

| ■ | A comprehensive Environmental, Health, and Safety System comprises 18 environmental management plans to manage, monitor, and maintain process components site wide.

| ■ | The Tailings Storage Facility is designed and operated according to the Guidelines for Cooperation with the Alaska Dam Safety Program and the

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|  | Alaska Department of Environmental Conservation’s monitoring requirements. Rigorous inspection, monitoring and review programs are in place.

| ■ | All requisite permits have been obtained for mining and continued development of the existing Fort Knox open pit mine and are in good standing in all material respects

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26 | RECOMMENDATIONS

There are no recommendations at this time as Fort Knox mine is a fully operational mine.

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

27 | REFERENCES

Alaska Department of Natural Resources. 2014. “Fort Knox Mine: Plan of Operations Amendment Approval No. F20149852POO.” Division of Mining, Land and Water, Fairbanks.
Alaska Department of Natural Resources. 2005. “Guidelines for Cooperation with the Alaska Dam Safety Program.” Division of Mining, Land and Water, Water Resources Section, Dam Safety and Construction Unit.
AMEC E&C Services Inc. 2009. “High-Level Review of Sampling, Resource Estimation, Ore Control, Mining, and Metallurgical Accounting.”
Bakke, A., Morrell, B., and Odden J. 1998. “The Fort Knox porphyry gold deposit, east-central Alaska: An overview and update. Porphyry and Hydrothermal Copper and Gold Deposits.” 89-98.
Bakke, A.A. 1995. “The Fort Knox ‘pophyry’ gold deposit - Structurally controlled stockwork and shear quartz vein, sulphide-poor mineralization hosted by a Late Cretaceous pluton, east-central Alaska.” Canadian Institute of Mining, Metallurgy, and Petroleum, Special Volume 46 795-803.
Blum, J.D. 1982. “The Petrology, Geochemistry, and Isotope Geochronology of the Gilmore Dome and San Pedro Dome Plutons, Fairbanks District, Alaska.” Unpublished M.S. Thesis, University of Alaska Fairbanks 1-107.
Bundtzen, T.K. 1981. “The Geology and Mineral Deposits of the Kantishna Hills, Mt. McKinley Quadrangle, Alaska.” Unpublished M.S. Thesis, University of Alaska Fairbanks 1-237.
Bundtzen, T.K., & Laird, C. 2010. Preliminary Geologic Map and Interpretive Cross Sections of the Gil Project, Interior Alaska. Map. [ca. 1:3,000]. Unpublished.
Bundtzen, T.K., Laird, C., & Nichols, L. 2014. Geologic Map of the Gil Project Area, Interior Alaska Fairbanks Mining District, Alaska. Map. [ca. 1:6,000]. Unpublished.
Call & Nicholas, Inc. 2013. “Fort Knox 2013 Geotechnical Study.”
Call & Nicholas, Inc. 2014. “Fort Knox 2014 P7S-V22-MOD3 Geotechnical Study.”
Call & Nicholas, Inc. 2005. “Fort Knox and Gil Mines – Site Visit and Slope Stability Review.”
Fairbanks Gold Mining Inc., and Kinross Gold USA. 2007. “Fort Knox Mine Walter Creek Heap Leach Project: Project Feasibility Evaluation.”
Fairbanks Gold Mining, Inc. 2014. “2014 Year End Mineral Resource and Reserve Report.”
Fairbanks Gold Mining, Inc. 2013. “Fort Knox Mine 2012 Annual Activity Report.”
Fairbanks Gold Mining, Inc. 2013. “Fort Knox Mine Reclamation and Closure Plan.”
Fairbanks Gold Mining, Inc. 2008. Technical Report for the Fort Knox Mine. Quandt, D., Ekstrom, C., Triebel, K., and Henderson, R.D.,, NI 43-101 Technical Report prepared by Kinross Gold Corporation.
Hall, M.H. 1985. “Structural Geology of the Fairbanks Mining District, Central Alaska.” Unpublished M.S. Thesis, University of Alaska Fairbanks 1-68.
Hart, C.J.R. 2005. “Classifying, Distinguishing and Exploring for Intrusion-Related Gold Systems.” The Gangue MDD Newsletter Issue 87, 1: 4-9.
Heiner, L.A. and Wolff, E.N. 1968. Final report - mineral resources of northern Alaska: University of Alaska Mineral Industry Research Laboratory Report No. 16. University of Alaska Mineral Industry Research Laboratory.

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McCoy, D.T., Newberry, R.J., Layer, P.W., DiMarchi, J.J., Bakke, Arne, Masterman, J.S., and Minehane, D.L. 1997. “Plutonic-related gold deposits of Interior Alaska.” Economic Geology, Monograph, 9 191-241.
Mineral Resources Development, Inc. 1991. “Fort Knox Gold Project Fairbanks, Alaska Reserve Study Volume 1.”
Mineral Resources Development, Inc. 1999. “Fort Knox Mine- A Study of Reconciliation and Sampling Issues.”
Murphy, J.M. and Bakke, A. 1993. “Low-temperature thermal history of the Gilmore Dome area, Fairbanks Mining District, Alaska.” Canadian Journal of Earth Sciences 764-768.
Newberry, R.J., Bundtzen, T.K., Clautice, K.H., Combellick, R.A., Douglas, T., Laird, G.M., Liss, S.A., Pinney, D.S., Reifenstuhl, R.R., Solie, D.N. 1996. Preliminary Geologic Map of the Fairbanks Mining District, Alaska. State of Alaska Department of Natural Resources, Division of Geological & Geophysical Surveys.
Penswick, D. and FGMI Staff. 2011. Gil-Sourdough Scoping Study. Kinross Gold USA.
Robert, F., Brommecker, R., Bourne, B.T., Dobak, P.J., McEwan, C.J., Rowe, R.R., Zhou, X. 2007. “Models and Exploration Methods for Major Gold Deposit Types, Ore Deposits and Exploration Technology, Paper 48.” Proceedings of Exploration 07, 691-71.
Robinson, M.S., Smith, T.E., and Metz, P.A. 1990. Bedrock Geology of the Fairbanks Mining District. Alaska Division of Geological and Geophysical Surveys, Professional Report 106.
Roscoe Postle Associates Inc. 2011. “Mineral Resource and Reserve Audit of the Fort Knox Mine, Fairbanks, State of Alaska, U.S.A.”
Schlumberger Water Services. 2011. “Fort Knox Mine Tailings Facility Closure Management.” Denver, Colorado.
Scott Wilson Roscoe Postle Associates Inc. 2011. “Mineral Resource and Mineral Reserve Audit of the Fort Knox Operation, Fairbanks.”
SRK Consulting (Canada) Inc. 2014. “Mineral Resource and Mineral Reserve Audit, Fort Knox Gold Project, Alaska.”
SRK Consulting (U.S.), Inc. 2012. “Environmental Compliance and Management Systems Audit: Fort Knox and True North Mines.”
STACEY Mining Geotechnical Ltd. 2013. “Review of Fort Knox Mine Pit Slope Stability.” Fairbanks.
State of Alaska Department of Environmental Conservation. 2014. “Waste Management Permit 2014DB0002, Fort Knox Mine.” Fairbanks.
Water Management Consultants. 2006. “Fort Knox Mine Closure Management Plan for Proposed Heap Leach Facility.” Denver, Colorado.
Water Management Consultants. 2005. “Fort Knox Mine Tailing Facility Closure Management.” Denver, Colorado.
Wilson, Deanna. 2013. “Gil-Sourdough Data Verification Results.”

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28 | DATE AND SIGNATURE PAGE

The effective date of this Technical Report entitled “Kinross Gold Corporation, Fort Knox mine, Fairbanks North Star Borough, Alaska, USA, NI 43-101 Technical Report” is March 31, 2015.
“Signed and sealed”
John Sims, AIPG Certified Professional Geologist
March 31, 2015

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

APPENDIX A – COMPLETE LISTING OF STATE MINING CLAIMS

Case ID | Registered Owners | Claim Name | Area (ac) | Grant Date | Expiry Date | Interest | % Held by FGMI
ADL 305117 | Melba Creek Mining Inc | YELLOW PUP 1 | 40 | 1971-06-15 | 2015-11-30 | Owned | 100
ADL 305118 | Melba Creek Mining Inc | YELLOW PUP 2 | 40 | 1976-09-26 | 2015-11-30 | Owned | 100
ADL 305119 | Melba Creek Mining Inc | YELLOW PUP 3 | 40 | 1977-07-18 | 2015-11-30 | Owned | 100
ADL 305120 | Melba Creek Mining Inc | YELLOW PUP 4 | 40 | 1977-07-18 | 2015-11-30 | Owned | 100
ADL 305121 | Melba Creek Mining Inc | YELLOW PUP 5 | 40 | 1977-07-18 | 2015-11-30 | Owned | 100
ADL 305122 | Melba Creek Mining Inc | YELLOW PUP 6 | 40 | 1977-07-18 | 2015-11-30 | Owned | 100
ADL 305123 | Melba Creek Mining Inc | YELLOW PUP 7 | 20 | 1977-07-18 | 2015-11-30 | Owned | 100
ADL 305124 | Melba Creek Mining Inc | YELLOW PUP 8 | 20 | 1977-07-18 | 2015-11-30 | Owned | 100
ADL 305125 | Melba Creek Mining Inc | YELLOW PUP 9 | 20 | 1977-07-18 | 2015-11-30 | Owned | 100
ADL 305126 | Melba Creek Mining Inc | YELLOW PUP 10 | 20 | 1977-07-18 | 2015-11-30 | Owned | 100
ADL 305127 | Melba Creek Mining Inc | YELLOW PUP 11 | 20 | 1977-07-18 | 2015-11-30 | Owned | 100
ADL 305128 | Melba Creek Mining Inc | YELLOW PUP 12 | 20 | 1977-07-18 | 2015-11-30 | Owned | 100
ADL 310722 | Raines Lindy L | CHOMCO 3A | 40 | 1965-03-28 | 2015-11-30 | Leased | 100
ADL 310723 | Raines Lindy L | CHOMCO 3G | 40 | 1965-03-27 | 2015-11-30 | Leased | 100
ADL 310724 | Raines Lindy L | CHOMCO 3H | 40 | 1965-03-29 | 2015-11-30 | Leased | 100
ADL 310725 | Raines Lindy L | CHOMCO 3I | 40 | 1965-03-23 | 2015-11-30 | Leased | 100
ADL 312132 | K & K Recycling Inc | LILLIAN B 1 | 20 | 1965-06-22 | 2015-11-30 | Leased | 100
ADL 312133 | K & K Recycling Inc | LILLIAN B 2 | 11 | 1965-06-22 | 2015-11-30 | Leased | 100
ADL 312134 | K & K Recycling Inc | LILLIAN B 3 | 33 | 1965-06-22 | 2015-11-30 | Leased | 100
ADL 312135 | K & K Recycling Inc | PACIFIC 1 | 23 | 1968-03-25 | 2015-11-30 | Leased | 100
ADL 312136 | K & K Recycling Inc | PACIFIC 2 | 21 | 1968-03-25 | 2015-11-30 | Leased | 100
ADL 312137 | K & K Recycling Inc | PACIFIC 3 | 21 | 1968-03-25 | 2015-11-30 | Leased | 100
ADL 312138 | K & K Recycling Inc | PACIFIC 4 | 21 | 1968-03-25 | 2015-11-30 | Leased | 100
ADL 312139 | K & K Recycling Inc | PACIFIC 5 | 21 | 1968-03-25 | 2015-11-30 | Leased | 100
ADL 312140 | K & K Recycling Inc | PACIFIC 6 | 21 | 1968-03-25 | 2015-11-30 | Leased | 100
ADL 312141 | K & K Recycling Inc | PACIFIC 7 | 21 | 1968-03-25 | 2015-11-30 | Leased | 100
ADL 312142 | K & K Recycling Inc | PACIFIC 8 | 21 | 1968-03-25 | 2015-11-30 | Leased | 100
ADL 312143 | K & K Recycling Inc | PACIFIC 9 | 21 | 1968-03-25 | 2015-11-30 | Leased | 100
ADL 312144 | K & K Recycling Inc | PACIFIC 10 | 21 | 1968-03-25 | 2015-11-30 | Leased | 100
ADL 312145 | K & K Recycling Inc | PACIFIC 11 | 28 | 1968-03-25 | 2015-11-30 | Leased | 100
ADL 312146 | K & K Recycling Inc | PACIFIC 12 | 21 | 1968-03-25 | 2015-11-30 | Leased | 100
ADL 312147 | K & K Recycling Inc | PACIFIC 13 | 21 | 1968-03-25 | 2015-11-30 | Leased | 100
ADL 312148 | K & K Recycling Inc | PACIFIC 14 | 21 | 1968-03-25 | 2015-11-30 | Leased | 100
ADL 312149 | K & K Recycling Inc | PACIFIC 15 | 21 | 1968-05-05 | 2015-11-30 | Leased | 100
ADL 312150 | K & K Recycling Inc | PACIFIC 16 | 21 | 1968-05-05 | 2015-11-30 | Leased | 100
ADL 312151 | K & K Recycling Inc | PACIFIC 17 | 21 | 1968-05-05 | 2015-11-30 | Leased | 100
ADL 312152 | K & K Recycling Inc | PACIFIC 18 | 21 | 1968-05-05 | 2015-11-30 | Leased | 100
ADL 312153 | K & K Recycling Inc | PACIFIC 19 | 21 | 1968-05-05 | 2015-11-30 | Leased | 100
ADL 312154 | K & K Recycling Inc | PACIFIC 20 | 21 | 1968-06-17 | 2015-11-30 | Leased | 100
ADL 312155 | K & K Recycling Inc | PACIFIC 21 | 21 | 1968-06-17 | 2015-11-30 | Leased | 100
ADL 312156 | K & K Recycling Inc | PACIFIC 22 | 21 | 1968-06-17 | 2015-11-30 | Leased | 100
ADL 312157 | K & K Recycling Inc | PACIFIC 23 | 21 | 1968-06-17 | 2015-11-30 | Leased | 100
ADL 312158 | K & K Recycling Inc | PACIFIC 24 | 21 | 1968-06-04 | 2015-11-30 | Leased | 100
ADL 312159 | K & K Recycling Inc | PACIFIC 25 | 21 | 1968-06-04 | 2015-11-30 | Leased | 100
ADL 312160 | K & K Recycling Inc | PACIFIC 26 | 21 | 1968-06-04 | 2015-11-30 | Leased | 100
ADL 312161 | K & K Recycling Inc | PACIFIC 27 | 20 | 1968-06-04 | 2015-11-30 | Leased | 100
ADL 312162 | K & K Recycling Inc | PACIFIC 28 | 21 | 1968-06-24 | 2015-11-30 | Leased | 100
ADL 312163 | K & K Recycling Inc | PACIFIC 30 | 21 | 1968-05-17 | 2015-11-30 | Leased | 100
ADL 312164 | K & K Recycling Inc | PACIFIC 31 | 21 | 1968-05-17 | 2015-11-30 | Leased | 100
ADL 312165 | K & K Recycling Inc | GRANITE CREEK | 20 | 1967-05-21 | 2015-11-30 | Leased | 100
ADL 312171 | K & K Recycling Inc | PSALM 41 1 | 20 | 1966-06-24 | 2015-11-30 | Leased | 100
ADL 312172 | K & K Recycling Inc | SALLY JANE 1 | 40 | 1965-06-19 | 2015-11-30 | Leased | 100
ADL 312173 | K & K Recycling Inc | SALLY JANE 2 | 40 | 1965-06-19 | 2015-11-30 | Leased | 100
ADL 312174 | K & K Recycling Inc | SALLY JANE 3 | 40 | 1965-06-19 | 2015-11-30 | Leased | 100
ADL 312175 | K & K Recycling Inc | SALLY JANE 4 | 40 | 1965-06-19 | 2015-11-30 | Leased | 100
ADL 312176 | K & K Recycling Inc | SILVER STARLIGHT 1 | 21 | 1966-05-06 | 2015-11-30 | Leased | 100
ADL 312177 | K & K Recycling Inc | SILVER STARLIGHT 2 | 14 | 1966-05-06 | 2015-11-30 | Leased | 100
ADL 312178 | K & K Recycling Inc | SILVER STARLIGHT 3 | 21 | 1966-05-06 | 2015-11-30 | Leased | 100
ADL 312179 | K & K Recycling Inc | SILVER STARLIGHT 4 | 21 | 1966-05-06 | 2015-11-30 | Leased | 100
ADL 312180 | K & K Recycling Inc | SILVER STARLIGHT 5 | 21 | 1966-05-06 | 2015-11-30 | Leased | 100
ADL 312181 | K & K Recycling Inc | SILVER STARLIGHT 6 | 21 | 1966-05-06 | 2015-11-30 | Leased | 100
ADL 312182 | K & K Recycling Inc | SILVER STARLIGHT 7 | 21 | 1966-05-06 | 2015-11-30 | Leased | 100
ADL 312183 | K & K Recycling Inc | SILVER STARLIGHT 8 | 21 | 1966-05-06 | 2015-11-30 | Leased | 100
ADL 312184 | K & K Recycling Inc | SILVER STARLIGHT 9 | 21 | 1966-05-06 | 2015-11-30 | Leased | 100
ADL 313170 | Hoel Ron | SPRUCE 3 | 40 | 1976-09-03 | 2015-11-30 | Leased | 100
ADL 313171 | Hoel Ron | SPRUCE 4 | 40 | 1976-09-03 | 2015-11-30 | Leased | 100

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Case ID | Registered Owners | Claim Name | Area (ac) | Grant Date | Expiry Date | Interest | % Held by FGMI
ADL 313172 | Hoel Ron | SPRUCE 5 | 40 | 1976-09-05 | 2015-11-30 | Leased | 100
ADL 313280 | Melba Creek Mining Inc | BEAUTY SPOT | 20 | 1960-06-21 | 2015-11-30 | Owned | 100
ADL 313281 | Melba Creek Mining Inc | LUCKY DOG | 20 | 1960-06-21 | 2015-11-30 | Owned | 100
ADL 313282 | Melba Creek Mining Inc | BOB 1 | 20 | 1975-09-01 | 2015-11-30 | Owned | 100
ADL 313319 | Melba Creek Mining Inc | PEARL CREEK CLAIM 1 | 20 | 1979-10-04 | 2015-11-30 | Owned | 100
ADL 314026 | Eagan Daniel Peter | DUFFY 2 | 20 | 1980-01-21 | 2015-11-30 | Leased | 100
ADL 314027 | Eagan Daniel Peter | DUFFY 3 | 20 | 1980-01-21 | 2015-11-30 | Leased | 100
ADL 314572 | Eagan Margaret B. | MARS ASSOCIATION | 38 | 1979-11-14 | 2015-11-30 | Leased | 100
ADL 319073 | Melba Creek Mining Inc | YELLOW PUP NO 13 | 40 | 1980-05-10 | 2015-11-30 | Owned | 100
ADL 319074 | Melba Creek Mining Inc | YELLOW PUP NO 14 | 40 | 1980-05-10 | 2015-11-30 | Owned | 100
ADL 319076 | Melba Creek Mining Inc | YELLOW PUP NO 17 | 20 | 1980-05-10 | 2015-11-30 | Owned | 100
ADL 319077 | Melba Creek Mining Inc | YELLOW PUP NO 18 | 20 | 1980-05-10 | 2015-11-30 | Owned | 100
ADL 321078 | Melba Creek Mining Inc | FORT KNOX 3 | 40 | 1980-05-24 | 2015-11-30 | Owned | 100
ADL 321079 | Melba Creek Mining Inc | FORT KNOX 4 | 40 | 1980-05-24 | 2015-11-30 | Owned | 100
ADL 321085 | Melba Creek Mining Inc | FORT KNOX 10 | 40 | 1980-05-29 | 2015-11-30 | Owned | 100
ADL 321158 | Melba Creek Mining Inc | M AND B MINING CO 13 | 40 | 1980-09-18 | 2015-11-30 | Owned | 100
ADL 321159 | Melba Creek Mining Inc | M AND B MINING CO 14 | 40 | 1980-09-18 | 2015-11-30 | Owned | 100
ADL 321160 | Melba Creek Mining Inc | M AND B MINING CO 15 | 40 | 1980-09-18 | 2015-11-30 | Owned | 100
ADL 321161 | Melba Creek Mining Inc | M AND B MINING CO 16 | 40 | 1980-09-18 | 2015-11-30 | Owned | 100
ADL 321162 | Melba Creek Mining Inc | M AND B MINING CO 17 | 40 | 1980-09-18 | 2015-11-30 | Owned | 100
ADL 321163 | Melba Creek Mining Inc | M AND B MINING CO 18 | 40 | 1980-09-18 | 2015-11-30 | Owned | 100
ADL 321164 | Melba Creek Mining Inc | M AND B MINING CO 19 | 40 | 1980-09-19 | 2015-11-30 | Owned | 100
ADL 321165 | Melba Creek Mining Inc | M AND B MINING CO 20 | 40 | 1980-09-19 | 2015-11-30 | Owned | 100
ADL 321166 | Melba Creek Mining Inc | M AND B MINING CO 21 | 40 | 1980-09-19 | 2015-11-30 | Owned | 100
ADL 321167 | Melba Creek Mining Inc | M AND B MINING CO 22 | 40 | 1980-09-19 | 2015-11-30 | Owned | 100
ADL 321168 | Melba Creek Mining Inc | M AND B MINING CO 25 | 40 | 1980-09-19 | 2015-11-30 | Owned | 100
ADL 321169 | Melba Creek Mining Inc | M AND B MINING CO 26 | 40 | 1980-09-19 | 2015-11-30 | Owned | 100
ADL 321170 | Melba Creek Mining Inc | M AND B MINING CO 27 | 40 | 1980-09-19 | 2015-11-30 | Owned | 100
ADL 321171 | Melba Creek Mining Inc | M AND B MINING CO 28 | 40 | 1980-09-19 | 2015-11-30 | Owned | 100
ADL 321172 | Melba Creek Mining Inc | M AND B MINING CO 29 | 40 | 1980-09-19 | 2015-11-30 | Owned | 100
ADL 321173 | Melba Creek Mining Inc | M AND B MINING CO 30 | 40 | 1980-09-19 | 2015-11-30 | Owned | 100
ADL 321174 | Melba Creek Mining Inc | M AND B MINING CO 31 | 40 | 1980-09-19 | 2015-11-30 | Owned | 100
ADL 321175 | Melba Creek Mining Inc | M AND B MINING CO 32 | 40 | 1980-09-19 | 2015-11-30 | Owned | 100
ADL 321176 | Melba Creek Mining Inc | M AND B MINING CO 35 | 40 | 1980-09-19 | 2015-11-30 | Owned | 100
ADL 321177 | Melba Creek Mining Inc | M AND B MINING CO 36 | 40 | 1980-09-19 | 2015-11-30 | Owned | 100
ADL 321178 | Melba Creek Mining Inc | M AND B MINING CO 37 | 40 | 1980-09-19 | 2015-11-30 | Owned | 100
ADL 322298 | Melba Creek Mining Inc | GIL 499 | 35 | 1980-08-15 | 2015-11-30 | Owned | 100
ADL 322299 | Melba Creek Mining Inc | GIL 500 | 40 | 1980-08-15 | 2015-11-30 | Owned | 100
ADL 322300 | Melba Creek Mining Inc | GIL 501 | 40 | 1980-08-15 | 2015-11-30 | Owned | 100
ADL 322301 | Melba Creek Mining Inc | GIL 502 | 40 | 1980-08-18 | 2015-11-30 | Owned | 100
ADL 322302 | Melba Creek Mining Inc | GIL 503 | 40 | 1980-08-18 | 2015-11-30 | Owned | 100
ADL 322303 | Melba Creek Mining Inc | GIL 504 | 40 | 1980-08-18 | 2015-11-30 | Owned | 100
ADL 322304 | Melba Creek Mining Inc | GIL 505 | 40 | 1980-08-18 | 2015-11-30 | Owned | 100
ADL 322305 | Melba Creek Mining Inc | GIL 506 | 40 | 1980-08-18 | 2015-11-30 | Owned | 100
ADL 322306 | Melba Creek Mining Inc | GIL 596 | 5 | 1980-09-21 | 2015-11-30 | Owned | 100
ADL 322307 | Melba Creek Mining Inc | GIL 597 | 25 | 1980-08-15 | 2015-11-30 | Owned | 100
ADL 322308 | Melba Creek Mining Inc | GIL 598 | 20 | 1980-08-15 | 2015-11-30 | Owned | 100
ADL 322309 | Melba Creek Mining Inc | GIL 599 | 25 | 1980-08-15 | 2015-11-30 | Owned | 100
ADL 322310 | Melba Creek Mining Inc | GIL 600 | 39 | 1980-08-15 | 2015-11-30 | Owned | 100
ADL 322311 | Melba Creek Mining Inc | GIL 601 | 40 | 1980-08-15 | 2015-11-30 | Owned | 100
ADL 322312 | Melba Creek Mining Inc | GIL 602 | 40 | 1980-08-18 | 2015-11-30 | Owned | 100
ADL 322313 | Melba Creek Mining Inc | GIL 603 | 40 | 1980-08-18 | 2015-11-30 | Owned | 100
ADL 322314 | Melba Creek Mining Inc | GIL 604 | 40 | 1980-08-18 | 2015-11-30 | Owned | 100
ADL 322315 | Melba Creek Mining Inc | GIL 605 | 40 | 1980-08-18 | 2015-11-30 | Owned | 100
ADL 322316 | Melba Creek Mining Inc | GIL 606 | 40 | 1980-08-18 | 2015-11-30 | Owned | 100
ADL 322317 | Melba Creek Mining Inc | GIL 696 | 38 | 1980-08-15 | 2015-11-30 | Owned | 100
ADL 322318 | Melba Creek Mining Inc | GIL 697 | 27 | 1980-08-15 | 2015-11-30 | Owned | 100
ADL 322319 | Melba Creek Mining Inc | GIL 698 | 27 | 1980-08-15 | 2015-11-30 | Owned | 100
ADL 322320 | Melba Creek Mining Inc | GIL 699 | 40 | 1980-08-15 | 2015-11-30 | Owned | 100
ADL 322321 | Melba Creek Mining Inc | GIL 700 | 40 | 1980-08-15 | 2015-11-30 | Owned | 100
ADL 322322 | Melba Creek Mining Inc | GIL 701 | 40 | 1980-08-15 | 2015-11-30 | Owned | 100
ADL 322323 | Melba Creek Mining Inc | GIL 702 | 40 | 1980-08-19 | 2015-11-30 | Owned | 100
ADL 322324 | Melba Creek Mining Inc | GIL 703 | 40 | 2000-08-19 | 2015-11-30 | Owned | 100
ADL 322325 | Melba Creek Mining Inc | GIL 704 | 40 | 1980-08-19 | 2015-11-30 | Owned | 100
ADL 322326 | Melba Creek Mining Inc | GIL 705 | 40 | 1980-08-19 | 2015-11-30 | Owned | 100
ADL 322327 | Melba Creek Mining Inc | GIL 796 | 30 | 1980-08-17 | 2015-11-30 | Owned | 100
ADL 322328 | Melba Creek Mining Inc | GIL 797 | 30 | 1980-08-17 | 2015-11-30 | Owned | 100
ADL 322329 | Melba Creek Mining Inc | GIL 798 | 27 | 1980-08-17 | 2015-11-30 | Owned | 100
ADL 322330 | Melba Creek Mining Inc | GIL 799 | 40 | 1980-08-17 | 2015-11-30 | Owned | 100

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Case ID | Registered Owners | Claim Name | Area (ac) | Grant Date | Expiry Date | Interest | % Held by FGMI
ADL 322331 | Melba Creek Mining Inc | GIL 800 | 40 | 1980-08-16 | 2015-11-30 | Owned | 100
ADL 322332 | Melba Creek Mining Inc | GIL 895 | 40 | 1980-08-17 | 2015-11-30 | Owned | 100
ADL 322333 | Melba Creek Mining Inc | GIL 896 | 40 | 1980-08-18 | 2015-11-30 | Owned | 100
ADL 322334 | Melba Creek Mining Inc | GIL 897 | 40 | 1980-08-18 | 2015-11-30 | Owned | 100
ADL 322335 | Melba Creek Mining Inc | GIL 898 | 40 | 1980-08-17 | 2015-11-30 | Owned | 100
ADL 322336 | Melba Creek Mining Inc | GIL 994 | 40 | 1980-08-17 | 2015-11-30 | Owned | 100
ADL 322337 | Melba Creek Mining Inc | GIL 995 | 40 | 1980-08-18 | 2015-11-30 | Owned | 100
ADL 322338 | Melba Creek Mining Inc | GIL 996 | 40 | 1980-08-18 | 2015-11-30 | Owned | 100
ADL 322339 | Melba Creek Mining Inc | GIL 997 | 40 | 1980-08-17 | 2015-11-30 | Owned | 100
ADL 322754 | Melba Creek Mining Inc | DAILY DOUBLE 1 | 40 | 1980-08-27 | 2015-11-30 | Owned | 100
ADL 322755 | Melba Creek Mining Inc | DAILY DOUBLE 2 | 40 | 1980-08-27 | 2015-11-30 | Owned | 100
ADL 322756 | Melba Creek Mining Inc | DAILY DOUBLE 3 | 35 | 1980-08-27 | 2015-11-30 | Owned | 100
ADL 322757 | Melba Creek Mining Inc | DAILY DOUBLE 4 | 40 | 1980-08-27 | 2015-11-30 | Owned | 100
ADL 323712 | Fairbanks Gold Mining, Inc. | DISCOVERY ON LAST CHANCE | 40 | 1971-08-26 | 2015-11-30 | Owned | 100
ADL 323713 | Fairbanks Gold Mining, Inc. | 1 ABOVE ON LAST CHANCE | 40 | 1971-08-26 | 2015-11-30 | Owned | 100
ADL 323714 | Fairbanks Gold Mining, Inc. | 2 ABOVE ON LAST CHANCE | 40 | 1971-08-26 | 2015-11-30 | Owned | 100
ADL 323715 | Fairbanks Gold Mining, Inc. | 3 ABOVE ON LAST CHANCE | 40 | 1971-08-26 | 2015-11-30 | Owned | 100
ADL 323716 | Fairbanks Gold Mining, Inc. | 4 ABOVE ON LAST CHANCE | 40 | 1971-08-21 | 2015-11-30 | Owned | 100
ADL 323717 | Fairbanks Gold Mining, Inc. | 5 ABOVE ON LAST CHANCE | 40 | 1971-08-26 | 2015-11-30 | Owned | 100
ADL 323718 | Fairbanks Gold Mining, Inc. | 6 ABOVE ON LAST CHANCE | 40 | 1971-08-26 | 2015-11-30 | Owned | 100
ADL 323719 | Fairbanks Gold Mining, Inc. | 7 ABOVE ON LAST CHANCE | 40 | 1971-08-26 | 2015-11-30 | Owned | 100
ADL 323720 | Fairbanks Gold Mining, Inc. | 8 ABOVE ON LAST CHANCE | 40 | 1971-08-26 | 2015-11-30 | Owned | 100
ADL 323721 | Fairbanks Gold Mining, Inc. | 9 ABOVE ON LAST CHANCE | 40 | 1971-08-26 | 2015-11-30 | Owned | 100
ADL 323722 | Fairbanks Gold Mining, Inc. | 10 ABOVE ON LAST CHANCE | 40 | 1971-08-26 | 2015-11-30 | Owned | 100
ADL 323723 | Melba Creek Mining Inc | DISCOVERY ON PEARL CREEK | 38 | 1971-08-27 | 2015-11-30 | Owned | 100
ADL 323724 | Melba Creek Mining Inc | 1 ABOVE ON PEARL CREEK | 40 | 1971-08-27 | 2015-11-30 | Owned | 100
ADL 323725 | Melba Creek Mining Inc | 2 ABOVE ON PEARL CREEK | 40 | 1971-09-28 | 2015-11-30 | Owned | 100
ADL 323726 | Melba Creek Mining Inc | 3 ABOVE ON PEARL CREEK | 40 | 1971-09-28 | 2015-11-30 | Owned | 100
ADL 323727 | Melba Creek Mining Inc | 4 ABOVE ON PEARL CREEK | 40 | 1971-09-28 | 2015-11-30 | Owned | 100
ADL 324542 | Melba Creek Mining Inc | AMY 1 | 16 | 1980-08-13 | 2015-11-30 | Owned | 100
ADL 324543 | Melba Creek Mining Inc | AMY 2 | 12 | 1980-08-13 | 2015-11-30 | Owned | 100
ADL 324544 | Melba Creek Mining Inc | AMY 3 | 15 | 1980-08-13 | 2015-11-30 | Owned | 100
ADL 324545 | Melba Creek Mining Inc | AMY 4 | 17 | 1980-08-13 | 2015-11-30 | Owned | 100
ADL 324817 | Melba Creek Mining Inc | PEARL CR CLAIM 2 | 20 | 1980-03-22 | 2015-11-30 | Owned | 100
ADL 325984 | Melba Creek Mining Inc | VTV 52 | 40 | 1980-10-03 | 2015-11-30 | Owned | 100
ADL 328762 | Eagan Margaret B. | JULY 21 | 40 | 1980-09-19 | 2015-11-30 | Leased | 100
ADL 328764 | Eagan Margaret B. | JULY 23 | 40 | 1980-09-19 | 2015-11-30 | Leased | 100
ADL 329039 | Towse Colin W. | ZODIAC MINING LEO S AND L 1 | 29 | 1981-02-22 | 2015-11-30 | Leased | 100
ADL 330980 | Eagan Margaret B. | JULY #14 | 40 | 1981-04-04 | 2015-11-30 | Leased | 100
ADL 330981 | Eagan Margaret B. | JULY #15 | 40 | 1981-04-04 | 2015-11-30 | Leased | 100
ADL 330982 | Eagan Margaret B. | JULY #16 | 40 | 1981-04-04 | 2015-11-30 | Leased | 100
ADL 330983 | Eagan Margaret B. | JULY #17 | 40 | 1981-04-04 | 2015-11-30 | Leased | 100
ADL 330984 | Eagan Margaret B. | JULY #18 | 40 | 1981-04-04 | 2015-11-30 | Leased | 100
ADL 330985 | Eagan Margaret B. | JULY #19 | 40 | 1981-04-04 | 2015-11-30 | Leased | 100
ADL 331994 | Melba Creek Mining Inc | GIL 100 | 40 | 1981-03-16 | 2015-11-30 | Owned | 100
ADL 331995 | Melba Creek Mining Inc | GIL 101 | 40 | 1981-03-16 | 2015-11-30 | Owned | 100
ADL 331996 | Melba Creek Mining Inc | GIL 102 | 40 | 1981-03-16 | 2015-11-30 | Owned | 100
ADL 331997 | Melba Creek Mining Inc | GIL 103 | 40 | 1981-03-17 | 2015-11-30 | Owned | 100
ADL 331998 | Melba Creek Mining Inc | GIL 104 | 40 | 1981-03-17 | 2015-11-30 | Owned | 100
ADL 331999 | Melba Creek Mining Inc | GIL 105 | 40 | 1981-03-17 | 2015-11-30 | Owned | 100
ADL 332000 | Melba Creek Mining Inc | GIL 106 | 40 | 1981-03-17 | 2015-11-30 | Owned | 100
ADL 332001 | Melba Creek Mining Inc | GIL 107 | 40 | 1981-03-17 | 2015-11-30 | Owned | 100
ADL 332002 | Melba Creek Mining Inc | GIL 200 | 40 | 1981-03-16 | 2015-11-30 | Owned | 100
ADL 332003 | Melba Creek Mining Inc | GIL 201 | 40 | 1981-03-16 | 2015-11-30 | Owned | 100
ADL 332004 | Melba Creek Mining Inc | GIL 202 | 40 | 1981-03-16 | 2015-11-30 | Owned | 100
ADL 332005 | Melba Creek Mining Inc | GIL 203 | 40 | 1981-03-17 | 2015-11-30 | Owned | 100
ADL 332006 | Melba Creek Mining Inc | GIL 204 | 40 | 1981-03-17 | 2015-11-30 | Owned | 100
ADL 332007 | Melba Creek Mining Inc | GIL 205 | 40 | 1981-03-17 | 2015-11-30 | Owned | 100
ADL 332008 | Melba Creek Mining Inc | GIL 206 | 40 | 1981-03-17 | 2015-11-30 | Owned | 100
ADL 332009 | Melba Creek Mining Inc | GIL 207 | 40 | 1981-03-17 | 2015-11-30 | Owned | 100
ADL 332010 | Melba Creek Mining Inc | GIL 300 | 40 | 1981-03-16 | 2015-11-30 | Owned | 100
ADL 332011 | Melba Creek Mining Inc | GIL 301 | 40 | 1981-03-16 | 2015-11-30 | Owned | 100
ADL 332012 | Melba Creek Mining Inc | GIL 302 | 40 | 1981-03-16 | 2015-11-30 | Owned | 100
ADL 332013 | Melba Creek Mining Inc | GIL 303 | 40 | 1981-03-17 | 2015-11-30 | Owned | 100
ADL 332014 | Melba Creek Mining Inc | GIL 304 | 40 | 1981-03-17 | 2015-11-30 | Owned | 100
ADL 332015 | Melba Creek Mining Inc | GIL 305 | 40 | 1981-03-17 | 2015-11-30 | Owned | 100
ADL 332016 | Melba Creek Mining Inc | GIL 306 | 40 | 1981-03-17 | 2015-11-30 | Owned | 100
ADL 332017 | Melba Creek Mining Inc | GIL 307 | 40 | 1981-03-17 | 2015-11-30 | Owned | 100
ADL 332018 | Melba Creek Mining Inc | GIL 400 | 40 | 1981-03-16 | 2015-11-30 | Owned | 100

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Case ID | Registered Owners | Claim Name | Area (ac) | Grant Date | Expiry Date | Interest | % Held by FGMI
ADL 332019 | Melba Creek Mining Inc | GIL 401 | 40 | 1981-03-16 | 2015-11-30 | Owned | 100
ADL 332020 | Melba Creek Mining Inc | GIL 402 | 40 | 1981-03-16 | 2015-11-30 | Owned | 100
ADL 332021 | Melba Creek Mining Inc | GIL 403 | 40 | 1981-03-17 | 2015-11-30 | Owned | 100
ADL 332022 | Melba Creek Mining Inc | GIL 404 | 40 | 1981-03-17 | 2015-11-30 | Owned | 100
ADL 332023 | Melba Creek Mining Inc | GIL 405 | 40 | 1981-03-17 | 2015-11-30 | Owned | 100
ADL 332024 | Melba Creek Mining Inc | GIL 406 | 40 | 1981-03-17 | 2015-11-30 | Owned | 100
ADL 332025 | Melba Creek Mining Inc | GIL 407 | 40 | 1981-03-17 | 2015-11-30 | Owned | 100
ADL 332258 | Melba Creek Mining Inc | TOM 101 | 40 | 1981-05-06 | 2015-11-30 | Owned | 100
ADL 332259 | Melba Creek Mining Inc | TOM 102 | 40 | 1981-05-06 | 2015-11-30 | Owned | 100
ADL 332260 | Melba Creek Mining Inc | TOM 103 | 40 | 1981-05-06 | 2015-11-30 | Owned | 100
ADL 332261 | Melba Creek Mining Inc | TOM 200 | 40 | 1981-05-06 | 2015-11-30 | Owned | 100
ADL 332262 | Melba Creek Mining Inc | TOM 201 | 40 | 1981-05-06 | 2015-11-30 | Owned | 100
ADL 332263 | Melba Creek Mining Inc | TOM 202 | 40 | 1981-05-06 | 2015-11-30 | Owned | 100
ADL 332264 | Melba Creek Mining Inc | TOM 203 | 40 | 1981-05-06 | 2015-11-30 | Owned | 100
ADL 332265 | Melba Creek Mining Inc | TOM 300 | 40 | 1981-05-06 | 2015-11-30 | Owned | 100
ADL 332266 | Melba Creek Mining Inc | TOM 301 | 40 | 1981-05-06 | 2015-11-30 | Owned | 100
ADL 332267 | Melba Creek Mining Inc | TOM 302 | 40 | 1981-05-06 | 2015-11-30 | Owned | 100
ADL 332268 | Melba Creek Mining Inc | TOM 400 | 40 | 1981-05-06 | 2015-11-30 | Owned | 100
ADL 332269 | Melba Creek Mining Inc | TOM 401 | 40 | 1981-05-06 | 2015-11-30 | Owned | 100
ADL 332270 | Melba Creek Mining Inc | TOM 402 | 40 | 1981-05-06 | 2015-11-30 | Owned | 100
ADL 332422 | Melba Creek Mining Inc | LAUREL 1 | 40 | 1980-10-28 | 2015-11-30 | Owned | 100
ADL 332423 | Melba Creek Mining Inc | LAUREL 2 | 40 | 1980-10-28 | 2015-11-30 | Owned | 100
ADL 332424 | Melba Creek Mining Inc | LAUREL 3 | 30 | 1980-10-28 | 2015-11-30 | Owned | 100
ADL 335147 | Eagan Margaret B. | DUFFY 3 A | 40 | 1981-07-30 | 2015-11-30 | Leased | 100
ADL 335148 | Eagan Margaret B. | DUFFY 4 | 40 | 1981-07-30 | 2015-11-30 | Leased | 100
ADL 335294 | Melba Creek Mining Inc | GIL 694 | 7 | 1981-05-21 | 2015-11-30 | Owned | 100
ADL 335295 | Melba Creek Mining Inc | GIL 695 | 20 | 1981-05-20 | 2015-11-30 | Owned | 100
ADL 335296 | Melba Creek Mining Inc | GIL 794 | 40 | 1981-06-07 | 2015-11-30 | Owned | 100
ADL 335297 | Melba Creek Mining Inc | GIL 795 | 40 | 1981-06-07 | 2015-11-30 | Owned | 100
ADL 335298 | Melba Creek Mining Inc | GIL 894 | 40 | 1981-06-07 | 2015-11-30 | Owned | 100
ADL 335299 | Melba Creek Mining Inc | GIL 7969 | 33 | 1981-06-08 | 2015-11-30 | Owned | 100
ADL 335300 | Melba Creek Mining Inc | GIL 7979 | 33 | 1981-06-08 | 2015-11-30 | Owned | 100
ADL 335301 | Melba Creek Mining Inc | GIL 7989 | 40 | 1981-06-08 | 2015-11-30 | Owned | 100
ADL 335302 | Melba Creek Mining Inc | GIL 7999 | 40 | 1981-06-08 | 2015-11-30 | Owned | 100
ADL 336027 | Melba Creek Mining Inc | GIL 108 | 40 | 1981-07-25 | 2015-11-30 | Owned | 100
ADL 336028 | Melba Creek Mining Inc | GIL 208 | 40 | 1981-07-25 | 2015-11-30 | Owned | 100
ADL 336029 | Melba Creek Mining Inc | GIL 308 | 40 | 1981-07-25 | 2015-11-30 | Owned | 100
ADL 336030 | Melba Creek Mining Inc | GIL 408 | 40 | 1981-07-25 | 2015-11-30 | Owned | 100
ADL 336031 | Melba Creek Mining Inc | GIL 507 | 40 | 1981-07-25 | 2015-11-30 | Owned | 100
ADL 336614 | Towse Colin W. | ANNASARA ENTERPRISES 1 | 40 | 1980-09-10 | 2015-11-30 | Leased | 100
ADL 336615 | Towse Colin W. | ANNASARA ENTERPRISES 2 | 13 | 1980-09-10 | 2015-11-30 | Leased | 100
ADL 336616 | Towse Colin W. | ANNASARA ENTERPRISES 3 | 20 | 1980-09-10 | 2015-11-30 | Leased | 100
ADL 336617 | Towse Colin W. | ANNASARA ENTERPRISES 4 | 40 | 1980-09-10 | 2015-11-30 | Leased | 100
ADL 336618 | Towse Colin W. | ANNASARA ENTERPRISES 5 | 40 | 1980-09-10 | 2015-11-30 | Leased | 100
ADL 337434 | Melba Creek Mining Inc | LAUREL 4 | 40 | 1980-11-02 | 2015-11-30 | Owned | 100
ADL 337435 | Melba Creek Mining Inc | LAUREL 5 | 40 | 1980-11-02 | 2015-11-30 | Owned | 100
ADL 337436 | Melba Creek Mining Inc | LAUREL 6 | 40 | 1980-11-02 | 2015-11-30 | Owned | 100
ADL 337437 | Melba Creek Mining Inc | LAUREL 7 | 40 | 1980-11-02 | 2015-11-30 | Owned | 100
ADL 337438 | Melba Creek Mining Inc | LAUREL 8 | 37 | 1980-11-02 | 2015-11-30 | Owned | 100
ADL 337439 | Melba Creek Mining Inc | LAUREL 9 | 20 | 1980-11-02 | 2015-11-30 | Owned | 100
ADL 337440 | Melba Creek Mining Inc | LAUREL 10 | 15 | 1980-11-02 | 2015-11-30 | Owned | 100
ADL 337441 | Melba Creek Mining Inc | LAUREL 11 | 11 | 1980-11-02 | 2015-11-30 | Owned | 100
ADL 337834 | Hoel Ron | SPRUCE 2A | 40 | 1981-07-06 | 2015-11-30 | Leased | 100
ADL 337838 | Hoel Ron | SPRUCE 1B | 40 | 1981-07-06 | 2015-11-30 | Leased | 100
ADL 337839 | Hoel Ron | SPRUCE 2B | 40 | 1981-07-06 | 2015-11-30 | Leased | 100
ADL 337841 | Hoel Ron | SPRUCE 1C | 18 | 1981-07-06 | 2015-11-30 | Leased | 100
ADL 338431 | Melba Creek Mining Inc | GIL 595 | 40 | 1981-09-12 | 2015-11-30 | Owned | 100
ADL 338432 | Melba Creek Mining Inc | GIL 6945 | 40 | 1981-09-12 | 2015-11-30 | Owned | 100
ADL 338433 | Melba Creek Mining Inc | GIL 7945 | 40 | 1981-09-12 | 2015-11-30 | Owned | 100
ADL 338434 | Melba Creek Mining Inc | GIL 7959 | 40 | 1981-09-12 | 2015-11-30 | Owned | 100
ADL 338435 | Melba Creek Mining Inc | GIL 8905 | 40 | 1981-09-12 | 2015-11-30 | Owned | 100
ADL 338436 | Melba Creek Mining Inc | GIL 8906 | 40 | 1981-09-12 | 2015-11-30 | Owned | 100
ADL 338437 | Melba Creek Mining Inc | GIL 8907 | 40 | 1981-09-12 | 2015-11-30 | Owned | 100
ADL 338438 | Melba Creek Mining Inc | GIL 8945 | 40 | 1981-09-12 | 2015-11-30 | Owned | 100
ADL 338439 | Melba Creek Mining Inc | GIL 8965 | 40 | 1981-09-12 | 2015-11-30 | Owned | 100
ADL 338440 | Melba Creek Mining Inc | GIL 9955 | 40 | 1981-09-12 | 2015-11-30 | Owned | 100
ADL 338441 | Melba Creek Mining Inc | GIL 9965 | 40 | 1981-09-12 | 2015-11-30 | Owned | 100
ADL 338933 | Melba Creek Mining Inc | VTV - 89 | 40 | 1980-10-10 | 2015-11-30 | Owned | 100
ADL 338934 | Melba Creek Mining Inc | VTV - 90 | 40 | 1980-10-10 | 2015-11-30 | Owned | 100

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Case ID | Registered Owners | Claim Name | Area (ac) | Grant Date | Expiry Date | Interest | % Held by FGMI
ADL 338939 | Melba Creek Mining Inc | VTV - 95 | 40 | 1980-10-10 | 2015-11-30 | Owned | 100
ADL 338940 | Melba Creek Mining Inc | VTV - 96 | 40 | 1980-10-10 | 2015-11-30 | Owned | 100
ADL 338941 | Melba Creek Mining Inc | VTV - 98 | 40 | 1980-10-16 | 2015-11-30 | Owned | 100
ADL 338942 | Melba Creek Mining Inc | VTV - 99 | 40 | 1980-10-16 | 2015-11-30 | Owned | 100
ADL 338945 | Melba Creek Mining Inc | VTV - 102 | 40 | 1980-10-16 | 2015-11-30 | Owned | 100
ADL 338946 | Melba Creek Mining Inc | VTV - 104 | 40 | 1980-10-16 | 2015-11-30 | Owned | 100
ADL 338947 | Melba Creek Mining Inc | VTV - 105 | 40 | 1980-10-16 | 2015-11-30 | Owned | 100
ADL 338948 | Melba Creek Mining Inc | VTV - 106 | 40 | 1980-10-16 | 2015-11-30 | Owned | 100
ADL 338951 | Melba Creek Mining Inc | VTV - 109 | 40 | 1980-10-16 | 2015-11-30 | Owned | 100
ADL 338952 | Melba Creek Mining Inc | VTV - 110 | 40 | 1980-10-16 | 2015-11-30 | Owned | 100
ADL 338953 | Melba Creek Mining Inc | VTV - 111 | 40 | 1980-10-16 | 2015-11-30 | Owned | 100
ADL 338954 | Melba Creek Mining Inc | VTV - 112 | 40 | 1980-10-16 | 2015-11-30 | Owned | 100
ADL 338955 | Melba Creek Mining Inc | VTV - 113 | 40 | 1980-10-16 | 2015-11-30 | Owned | 100
ADL 338956 | Melba Creek Mining Inc | VTV - 114 | 40 | 1980-10-16 | 2015-11-30 | Owned | 100
ADL 338957 | Melba Creek Mining Inc | VTV - 115 | 40 | 1980-10-16 | 2015-11-30 | Owned | 100
ADL 338958 | Melba Creek Mining Inc | VTV - 116 | 40 | 1980-10-10 | 2015-11-30 | Owned | 100
ADL 338959 | Melba Creek Mining Inc | VTV - 117 | 40 | 1980-10-16 | 2015-11-30 | Owned | 100
ADL 338960 | Melba Creek Mining Inc | VTV - 118 | 40 | 1980-10-02 | 2015-11-30 | Owned | 100
ADL 338961 | Melba Creek Mining Inc | VTV - 119 | 40 | 1980-10-02 | 2015-11-30 | Owned | 100
ADL 338962 | Melba Creek Mining Inc | VTV - 120 | 40 | 1980-10-02 | 2015-11-30 | Owned | 100
ADL 338963 | Melba Creek Mining Inc | VTV - 121 | 40 | 1980-10-02 | 2015-11-30 | Owned | 100
ADL 338964 | Melba Creek Mining Inc | VTV - 122 | 40 | 1980-10-03 | 2015-11-30 | Owned | 100
ADL 338965 | Melba Creek Mining Inc | VTV - 123 | 40 | 1980-10-03 | 2015-11-30 | Owned | 100
ADL 338966 | Melba Creek Mining Inc | VTV - 124 | 40 | 1980-10-03 | 2015-11-30 | Owned | 100
ADL 338971 | Melba Creek Mining Inc | VTV - 129 | 40 | 1980-10-05 | 2015-11-30 | Owned | 100
ADL 340351 | Eagan Peter | BEE 1 | 40 | 1981-10-18 | 2015-11-30 | Leased | 100
ADL 340352 | Eagan Peter | BEE 2 | 30 | 1981-11-20 | 2015-11-30 | Leased | 100
ADL 340461 | Melba Creek Mining Inc | TOM 100 | 40 | 1981-05-06 | 2015-11-30 | Owned | 100
ADL 351645 | Melba Creek Mining Inc | LAUREL 12 | 40 | 1982-09-02 | 2015-11-30 | Owned | 100
ADL 351646 | Melba Creek Mining Inc | LAUREL 13 | 40 | 1982-09-02 | 2015-11-30 | Owned | 100
ADL 352217 | Melba Creek Mining Inc | GIL 110 | 5 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352218 | Melba Creek Mining Inc | GIL 111 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352219 | Melba Creek Mining Inc | GIL 112 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352220 | Melba Creek Mining Inc | GIL 113 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352221 | Melba Creek Mining Inc | GIL 114 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352233 | Melba Creek Mining Inc | GIL 210 | 5 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352234 | Melba Creek Mining Inc | GIL 211 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352235 | Melba Creek Mining Inc | GIL 212 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352241 | Melba Creek Mining Inc | GIL 310 | 5 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352242 | Melba Creek Mining Inc | GIL 311 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352247 | Melba Creek Mining Inc | GIL 410 | 5 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352248 | Melba Creek Mining Inc | GIL 411 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352253 | Melba Creek Mining Inc | GIL 510 | 9 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352254 | Melba Creek Mining Inc | GIL 511 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352255 | Melba Creek Mining Inc | GIL 608 | 5 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352256 | Melba Creek Mining Inc | GIL 609 | 35 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352257 | Melba Creek Mining Inc | GIL 610 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352258 | Melba Creek Mining Inc | GIL 611 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352259 | Melba Creek Mining Inc | GIL 707 | 5 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352260 | Melba Creek Mining Inc | GIL 708 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352261 | Melba Creek Mining Inc | GIL 709 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352266 | Melba Creek Mining Inc | GIL 806 | 20 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352267 | Melba Creek Mining Inc | GIL 807 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352268 | Melba Creek Mining Inc | GIL 808 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352272 | Melba Creek Mining Inc | GIL 901 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352273 | Melba Creek Mining Inc | GIL 902 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352274 | Melba Creek Mining Inc | GIL 903 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352275 | Melba Creek Mining Inc | GIL 904 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352276 | Melba Creek Mining Inc | GIL 905 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352277 | Melba Creek Mining Inc | GIL 906 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352278 | Melba Creek Mining Inc | GIL 907 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352281 | Melba Creek Mining Inc | GIL 1011 | 20 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352282 | Melba Creek Mining Inc | GIL 1012 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352283 | Melba Creek Mining Inc | GIL 1013 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352284 | Melba Creek Mining Inc | GIL 1014 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352285 | Melba Creek Mining Inc | GIL 1015 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352286 | Melba Creek Mining Inc | GIL 1016 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352296 | Melba Creek Mining Inc | GIL 1112 | 20 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352297 | Melba Creek Mining Inc | GIL 1113 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Case ID | Registered Owners | Claim Name | Area (ac) | Grant Date | Expiry Date | Interest | % Held by FGMI
ADL 352298 | Melba Creek Mining Inc | GIL 1114 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352299 | Melba Creek Mining Inc | GIL 1115 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352300 | Melba Creek Mining Inc | GIL 1116 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352301 | Melba Creek Mining Inc | GIL 1117 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352302 | Melba Creek Mining Inc | GIL 1118 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352303 | Melba Creek Mining Inc | GIL 1119 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352304 | Melba Creek Mining Inc | GIL 1120 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352310 | Melba Creek Mining Inc | GIL 1214 | 20 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352311 | Melba Creek Mining Inc | GIL 1215 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352312 | Melba Creek Mining Inc | GIL 1216 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352313 | Melba Creek Mining Inc | GIL 1217 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352314 | Melba Creek Mining Inc | GIL 1218 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352315 | Melba Creek Mining Inc | GIL 1219 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352316 | Melba Creek Mining Inc | GIL 1220 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352322 | Melba Creek Mining Inc | GIL 1315 | 20 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352323 | Melba Creek Mining Inc | GIL 1316 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352324 | Melba Creek Mining Inc | GIL 1317 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352325 | Melba Creek Mining Inc | GIL 1318 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352326 | Melba Creek Mining Inc | GIL 1319 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352327 | Melba Creek Mining Inc | GIL 1320 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352333 | Melba Creek Mining Inc | GIL 1416 | 20 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352334 | Melba Creek Mining Inc | GIL 1417 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352335 | Melba Creek Mining Inc | GIL 1418 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352336 | Melba Creek Mining Inc | GIL 1419 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352337 | Melba Creek Mining Inc | GIL 1420 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352338 | Melba Creek Mining Inc | GIL 1421 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352339 | Melba Creek Mining Inc | GIL 1422 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352340 | Melba Creek Mining Inc | GIL 1423 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352354 | Melba Creek Mining Inc | GIL 1517 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352355 | Melba Creek Mining Inc | GIL 1518 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352356 | Melba Creek Mining Inc | GIL 1519 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352357 | Melba Creek Mining Inc | GIL 1520 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352358 | Melba Creek Mining Inc | GIL 1521 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352359 | Melba Creek Mining Inc | GIL 1522 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352360 | Melba Creek Mining Inc | GIL 1523 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352374 | Melba Creek Mining Inc | GIL 1618 | 20 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352375 | Melba Creek Mining Inc | GIL 1619 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352376 | Melba Creek Mining Inc | GIL 1620 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352377 | Melba Creek Mining Inc | GIL 1621 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352378 | Melba Creek Mining Inc | GIL 1622 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352379 | Melba Creek Mining Inc | GIL 1623 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352380 | Melba Creek Mining Inc | GIL 1624 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352381 | Melba Creek Mining Inc | GIL 1625 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352382 | Melba Creek Mining Inc | GIL 1626 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352383 | Melba Creek Mining Inc | GIL 1627 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352384 | Melba Creek Mining Inc | GIL 1628 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352385 | Melba Creek Mining Inc | GIL 1629 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352386 | Melba Creek Mining Inc | GIL 1630 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352387 | Melba Creek Mining Inc | GIL 1631 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352394 | Melba Creek Mining Inc | GIL 1719 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352395 | Melba Creek Mining Inc | GIL 1720 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352396 | Melba Creek Mining Inc | GIL 1721 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352397 | Melba Creek Mining Inc | GIL 1722 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352398 | Melba Creek Mining Inc | GIL 1723 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352399 | Melba Creek Mining Inc | GIL 1724 | 20 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352400 | Melba Creek Mining Inc | GIL 1725 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352401 | Melba Creek Mining Inc | GIL 1726 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352402 | Melba Creek Mining Inc | GIL 1727 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352403 | Melba Creek Mining Inc | GIL 1728 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352404 | Melba Creek Mining Inc | GIL 1729 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352405 | Melba Creek Mining Inc | GIL 1730 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352406 | Melba Creek Mining Inc | GIL 1731 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352413 | Melba Creek Mining Inc | GIL 1820 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352414 | Melba Creek Mining Inc | GIL 1821 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352415 | Melba Creek Mining Inc | GIL 1822 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352416 | Melba Creek Mining Inc | GIL 1823 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352417 | Melba Creek Mining Inc | GIL 1824 | 5 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352418 | Melba Creek Mining Inc | GIL 1826 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352419 | Melba Creek Mining Inc | GIL 1827 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Case ID | Registered Owners | Claim Name | Area (ac) | Grant Date | Expiry Date | Interest | % Held by FGMI
ADL 352420 | Melba Creek Mining Inc | GIL 1828 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352421 | Melba Creek Mining Inc | GIL 1829 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352422 | Melba Creek Mining Inc | GIL 1830 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352423 | Melba Creek Mining Inc | GIL 1831 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352430 | Melba Creek Mining Inc | GIL 1926 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352431 | Melba Creek Mining Inc | GIL 1927 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352432 | Melba Creek Mining Inc | GIL 1928 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352433 | Melba Creek Mining Inc | GIL 1929 | 40 | 1982-08-28 | 2015-11-30 | Owned | 100
ADL 352808 | Melba Creek Mining Inc | FORT KNOX 22 | 40 | 1982-10-12 | 2015-11-30 | Owned | 100
ADL 352809 | Melba Creek Mining Inc | FORT KNOX 23 | 40 | 1982-10-12 | 2015-11-30 | Owned | 100
ADL 352810 | Melba Creek Mining Inc | FORT KNOX 24 | 10 | 1982-10-12 | 2015-11-30 | Owned | 100
ADL 352811 | Melba Creek Mining Inc | FORT KNOX 25 | 10 | 1982-10-12 | 2015-11-30 | Owned | 100
ADL 352812 | Melba Creek Mining Inc | FORT KNOX 26 | 10 | 1982-10-13 | 2015-11-30 | Owned | 100
ADL 352813 | Melba Creek Mining Inc | FORT KNOX 27 | 40 | 1982-10-13 | 2015-11-30 | Owned | 100
ADL 352814 | Melba Creek Mining Inc | FORT KNOX 28 | 40 | 1982-10-13 | 2015-11-30 | Owned | 100
ADL 352815 | Melba Creek Mining Inc | FORT KNOX 29 | 40 | 1982-10-13 | 2015-11-30 | Owned | 100
ADL 352816 | Melba Creek Mining Inc | FORT KNOX 30 | 40 |  | 2015-11-30 | Owned | 100
ADL 352817 | Melba Creek Mining Inc | FORT KNOX 31 | 18 |  | 2015-11-30 | Owned | 100
ADL 352836 | Melba Creek Mining Inc | FORT KNOX 50 | 40 | 1982-10-19 | 2015-11-30 | Owned | 100
ADL 354337 | Melba Creek Mining Inc | LOST NUGGET | 40 | 1982-11-11 | 2015-11-30 | Owned | 100
ADL 355312 | Melba Creek Mining Inc | TANANA 102 | 40 | 1982-12-07 | 2015-11-30 | Owned | 100
ADL 355313 | Melba Creek Mining Inc | TANANA 103 | 40 | 1982-12-07 | 2015-11-30 | Owned | 100
ADL 355314 | Melba Creek Mining Inc | TANANA 202 | 40 | 1982-12-07 | 2015-11-30 | Owned | 100
ADL 355315 | Melba Creek Mining Inc | TANANA 203 | 40 | 1982-12-07 | 2015-11-30 | Owned | 100
ADL 355317 | Melba Creek Mining Inc | ROSEBUSH 100 | 25 | 1982-12-06 | 2015-11-30 | Owned | 100
ADL 355318 | Melba Creek Mining Inc | ROSEBUSH 101 | 40 | 1982-12-06 | 2015-11-30 | Owned | 100
ADL 355319 | Melba Creek Mining Inc | ROSEBUSH 200 | 40 | 1982-12-06 | 2015-11-30 | Owned | 100
ADL 355320 | Melba Creek Mining Inc | ROSEBUSH 201 | 40 | 1982-12-06 | 2015-11-30 | Owned | 100
ADL 355321 | Melba Creek Mining Inc | ROSEBUSH 201F | 10 | 1982-12-09 | 2015-11-30 | Owned | 100
ADL 355322 | Melba Creek Mining Inc | ROSEBUSH 204F | 10 | 1982-12-05 | 2015-11-30 | Owned | 100
ADL 355653 | Melba Creek Mining Inc | NUGGET LOST | 40 | 1983-01-02 | 2015-11-30 | Owned | 100
ADL 500916 | Melba Creek Mining Inc | PEGGYS 1 | 20 | 1984-04-15 | 2015-11-30 | Owned | 100
ADL 500917 | Melba Creek Mining Inc | PEGGYS 2 | 20 | 1984-04-15 | 2015-11-30 | Owned | 100
ADL 500918 | Melba Creek Mining Inc | PEGGYS 3 | 20 | 1984-04-15 | 2015-11-30 | Owned | 100
ADL 500919 | Melba Creek Mining Inc | PEGGYS 4 | 20 | 1984-04-15 | 2015-11-30 | Owned | 100
ADL 501728 | Shepard M Dennis | ARCHEMEDES 1 | 40 | 1984-06-03 | 2015-11-30 | Leased | 100
ADL 501729 | Shepard M Dennis | ARCHEMEDES 2 | 40 | 1984-06-03 | 2015-11-30 | Leased | 100
ADL 501744 | Hoel Ron | SPRUCE 2 | 40 | 1983-12-01 | 2015-11-30 | Leased | 100
ADL 502821 | Melba Creek Mining Inc | ROSEBUSH 102 | 40 | 1984-08-20 | 2015-11-30 | Owned | 100
ADL 502822 | Melba Creek Mining Inc | ROSEBUSH 103 | 40 | 1984-08-20 | 2015-11-30 | Owned | 100
ADL 502823 | Melba Creek Mining Inc | ROSEBUSH 104 | 40 | 1984-08-20 | 2015-11-30 | Owned | 100
ADL 502824 | Melba Creek Mining Inc | ROSEBUSH 105 | 40 | 1984-08-20 | 2015-11-30 | Owned | 100
ADL 502825 | Melba Creek Mining Inc | ROSEBUSH 202 | 40 | 1984-08-20 | 2015-11-30 | Owned | 100
ADL 502826 | Melba Creek Mining Inc | ROSEBUSH 203 | 40 | 1984-08-20 | 2015-11-30 | Owned | 100
ADL 502827 | Melba Creek Mining Inc | ROSEBUSH 204 | 40 | 1984-08-20 | 2015-11-30 | Owned | 100
ADL 502828 | Melba Creek Mining Inc | ROSEBUSH 205 | 40 | 1984-08-20 | 2015-11-30 | Owned | 100
ADL 505900 | Melba Creek Mining Inc | NUG 1 | 40 | 1985-08-30 | 2015-11-30 | Owned | 100
ADL 505901 | Melba Creek Mining Inc | NUG 2 | 40 | 1985-08-30 | 2015-11-30 | Owned | 100
ADL 505902 | Melba Creek Mining Inc | NUG 3 | 40 | 1985-08-30 | 2015-11-30 | Owned | 100
ADL 505903 | Melba Creek Mining Inc | NUG 4 | 18 | 1985-08-30 | 2015-11-30 | Owned | 100
ADL 505904 | Melba Creek Mining Inc | NUG 5 | 40 | 1985-08-30 | 2015-11-30 | Owned | 100
ADL 505905 | Melba Creek Mining Inc | NUG 6 | 40 | 1985-08-30 | 2015-11-30 | Owned | 100
ADL 506783 | Shepard M Dennis | MERLYN 3 | 40 | 1985-08-06 | 2015-11-30 | Leased | 100
ADL 506784 | Shepard M Dennis | MERLYN 4 | 40 | 1985-08-06 | 2015-11-30 | Leased | 100
ADL 506785 | Shepard M Dennis | MERLYN 5 | 40 | 1985-08-06 | 2015-11-30 | Leased | 100
ADL 506786 | Shepard M Dennis | MERLYN 6 | 40 | 1985-08-06 | 2015-11-30 | Leased | 100
ADL 506787 | Shepard M Dennis | MERLYN 7 | 40 | 1985-08-06 | 2015-11-30 | Leased | 100
ADL 506788 | Shepard M Dennis | MERLYN 8 | 40 | 1985-08-06 | 2015-11-30 | Leased | 100
ADL 506789 | Shepard M Dennis | MERLYN 9 | 40 | 1985-08-06 | 2015-11-30 | Leased | 100
ADL 506790 | Shepard M Dennis | MERLYN 10 | 40 | 1985-08-06 | 2015-11-30 | Leased | 100
ADL 506791 | Shepard M Dennis | MERLYN 11 | 40 | 1985-08-06 | 2015-11-30 | Leased | 100
ADL 506792 | Shepard M Dennis | MERLYN X12 | 40 | 1985-08-06 | 2015-11-30 | Leased | 100
ADL 508357 | Melba Creek Mining Inc | NUG 7 | 40 | 1985-11-08 | 2015-11-30 | Owned | 100
ADL 508358 | Melba Creek Mining Inc | NUG 8 | 40 | 1985-11-08 | 2015-11-30 | Owned | 100
ADL 508359 | Melba Creek Mining Inc | NUG 9 | 40 | 1985-11-08 | 2015-11-30 | Owned | 100
ADL 508360 | Melba Creek Mining Inc | NUG 10 | 40 | 1985-11-08 | 2015-11-30 | Owned | 100
ADL 512206 | Shepard M Dennis | MURRAY NO 1 | 40 | 1986-11-05 | 2015-11-30 | Leased | 100
ADL 512207 | Shepard M Dennis | MURRAY NO 2 | 40 | 1986-11-05 | 2015-11-30 | Leased | 100
ADL 512208 | Shepard M Dennis | MURRAY NO 3 | 40 | 1986-11-05 | 2015-11-30 | Leased | 100

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Case ID | Registered Owners | Claim Name | Area (ac) | Grant Date | Expiry Date | Interest | % Held by FGMI
ADL 512209 | Shepard M Dennis | MURRAY NO 4 | 40 | 1986-11-05 | 2015-11-30 | Leased | 100
ADL 512210 | Shepard M Dennis | MURRAY NO 5 | 40 | 1986-11-05 | 2015-11-30 | Leased | 100
ADL 515902 | Shepard M Dennis | MURRAY 6 | 40 | 1987-10-20 | 2015-11-30 | Leased | 100
ADL 515903 | Shepard M Dennis | MURRAY 7 | 40 | 1987-10-20 | 2015-11-30 | Leased | 100
ADL 515904 | Shepard M Dennis | MURRAY 8 | 40 | 1987-10-20 | 2015-11-30 | Leased | 100
ADL 515905 | Shepard M Dennis | MURRAY 9 | 40 | 1987-10-20 | 2015-11-30 | Leased | 100
ADL 515906 | Shepard M Dennis | MURRAY 10 | 40 | 1987-10-20 | 2015-11-30 | Leased | 100
ADL 515907 | Shepard M Dennis | MURRAY 11 | 40 | 1987-10-20 | 2015-11-30 | Leased | 100
ADL 517580 | Eagan Margaret B. | 11 BELOW LEFT LIMIT BENCH | 36 | 1987-11-14 | 2015-11-30 | Leased | 100
ADL 517964 | Melba Creek Mining Inc | DIT 1B | 11 | 1987-11-26 | 2015-11-30 | Owned | 100
ADL 517965 | Melba Creek Mining Inc | DIT 4 | 40 | 1987-11-25 | 2015-11-30 | Owned | 100
ADL 517966 | Melba Creek Mining Inc | DIT 5 | 40 | 1987-11-25 | 2015-11-30 | Owned | 100
ADL 517967 | Melba Creek Mining Inc | DIT 6 | 40 | 1987-11-25 | 2015-11-30 | Owned | 100
ADL 517968 | Melba Creek Mining Inc | DIT 7 | 40 | 1987-11-25 | 2015-11-30 | Owned | 100
ADL 517969 | Melba Creek Mining Inc | DIT 8 | 40 | 1987-11-25 | 2015-11-30 | Owned | 100
ADL 517970 | Melba Creek Mining Inc | DIT 9 | 40 | 1987-11-25 | 2015-11-30 | Owned | 100
ADL 517971 | Melba Creek Mining Inc | DIT 10 | 40 | 1987-11-26 | 2015-11-30 | Owned | 100
ADL 517972 | Melba Creek Mining Inc | DIT 10A | 11 | 1987-11-26 | 2015-11-30 | Owned | 100
ADL 517973 | Melba Creek Mining Inc | DIT 11 | 40 | 1987-11-25 | 2015-11-30 | Owned | 100
ADL 517974 | Melba Creek Mining Inc | DIT 12 | 40 | 1987-11-26 | 2015-11-30 | Owned | 100
ADL 517975 | Melba Creek Mining Inc | DIT 12A | 11 | 1987-11-26 | 2015-11-30 | Owned | 100
ADL 517976 | Melba Creek Mining Inc | DIT 13 | 40 | 1987-11-25 | 2015-11-30 | Owned | 100
ADL 517977 | Melba Creek Mining Inc | DIT 14 | 40 | 1987-11-25 | 2015-11-30 | Owned | 100
ADL 517978 | Melba Creek Mining Inc | DIT 15 | 40 | 1987-11-25 | 2015-11-30 | Owned | 100
ADL 517979 | Melba Creek Mining Inc | DIT 16 | 40 | 1987-11-26 | 2015-11-30 | Owned | 100
ADL 517980 | Melba Creek Mining Inc | DIT 16A | 11 | 1987-11-26 | 2015-11-30 | Owned | 100
ADL 518507 | Ehb, Llc | CLARK 53 | 13 | 1987-10-15 | 2015-11-30 | Leased | 100
ADL 518508 | Ehb, Llc | CLARK 54 | 15 | 1987-12-15 | 2015-11-30 | Leased | 100
ADL 518509 | Ehb, Llc | CLARK 55 | 40 | 1987-12-15 | 2015-11-30 | Leased | 100
ADL 518510 | Ehb, Llc | CLARK 56 | 40 | 1987-12-15 | 2015-11-30 | Leased | 100
ADL 518511 | Ehb, Llc | CLARK 62 | 3 | 1987-12-15 | 2015-11-30 | Leased | 100
ADL 518512 | Ehb, Llc | CLARK 63 | 40 | 1987-12-15 | 2015-11-30 | Leased | 100
ADL 518513 | Ehb, Llc | CLARK 64 | 15 | 1987-12-15 | 2015-11-30 | Leased | 100
ADL 518514 | Ehb, Llc | CLARK 72 | 24 | 1987-12-15 | 2015-11-30 | Leased | 100
ADL 518515 | Ehb, Llc | CLARK 73 | 40 | 1987-12-15 | 2015-11-30 | Leased | 100
ADL 518516 | Ehb, Llc | CLARK 74 | 15 | 1987-12-15 | 2015-11-30 | Leased | 100
ADL 518517 | Ehb, Llc | CLARK 81 | 16 | 1987-12-15 | 2015-11-30 | Leased | 100
ADL 518518 | Ehb, Llc | CLARK 82 | 24 | 1987-12-15 | 2015-11-30 | Leased | 100
ADL 518519 | Ehb, Llc | CLARK 83 | 40 | 1987-12-15 | 2015-11-30 | Leased | 100
ADL 518520 | Ehb, Llc | CLARK 84 | 15 | 1987-12-15 | 2015-11-30 | Leased | 100
ADL 518521 | Ehb, Llc | CLARK 91 | 23 | 1987-12-15 | 2015-11-30 | Leased | 100
ADL 518522 | Ehb, Llc | CLARK 92 | 40 | 1987-12-15 | 2015-11-30 | Leased | 100
ADL 518523 | Ehb, Llc | CLARK 93 | 30 | 1987-12-15 | 2015-11-30 | Leased | 100
ADL 518524 | Ehb, Llc | CLARK 94 | 15 | 1987-12-15 | 2015-11-30 | Leased | 100
ADL 518525 | Ehb, Llc | CLARK 100 | 18 | 1987-12-15 | 2015-11-30 | Leased | 100
ADL 518526 | Ehb, Llc | CLARK 101 | 40 | 1987-12-15 | 2015-11-30 | Leased | 100
ADL 518527 | Ehb, Llc | CLARK 102 | 40 | 1987-12-15 | 2015-11-30 | Leased | 100
ADL 518528 | Ehb, Llc | CLARK 103 | 40 | 1987-12-15 | 2015-11-30 | Leased | 100
ADL 518529 | Ehb, Llc | CLARK 111 | 6 | 1987-12-16 | 2015-11-30 | Leased | 100
ADL 518530 | Ehb, Llc | CLARK 112 | 40 | 1987-12-16 | 2015-11-30 | Leased | 100
ADL 518531 | Ehb, Llc | CLARK 113 | 40 | 1987-12-16 | 2015-11-30 | Leased | 100
ADL 525082 | Melba Creek Mining Inc | NUG 11 | 40 | 1988-09-26 | 2015-11-30 | Owned | 100
ADL 525083 | Melba Creek Mining Inc | NUG 12 | 40 | 1988-09-26 | 2015-11-30 | Owned | 100
ADL 525084 | Melba Creek Mining Inc | NUG 13 | 40 | 1988-09-26 | 2015-11-30 | Owned | 100
ADL 525085 | Melba Creek Mining Inc | NUG 14 | 40 | 1988-09-27 | 2015-11-30 | Owned | 100
ADL 525086 | Melba Creek Mining Inc | NUG 15 | 40 | 1988-09-27 | 2015-11-30 | Owned | 100
ADL 525087 | Melba Creek Mining Inc | NUG 16 | 40 | 1988-09-30 | 2015-11-30 | Owned | 100
ADL 525088 | Melba Creek Mining Inc | NUG 17 | 40 | 1988-09-30 | 2015-11-30 | Owned | 100
ADL 525089 | Melba Creek Mining Inc | NUG 18 | 20 | 1988-09-30 | 2015-11-30 | Owned | 100
ADL 525090 | Melba Creek Mining Inc | NUG 19 | 22 | 1988-09-30 | 2015-11-30 | Owned | 100
ADL 525091 | Melba Creek Mining Inc | NUG 20 | 40 | 1988-09-26 | 2015-11-30 | Owned | 100
ADL 525092 | Melba Creek Mining Inc | NUG 21 | 40 | 1988-09-26 | 2015-11-30 | Owned | 100
ADL 525093 | Melba Creek Mining Inc | NUG 22 | 40 | 1988-09-26 | 2015-11-30 | Owned | 100
ADL 525094 | Melba Creek Mining Inc | NUG 23 | 40 | 1988-09-27 | 2015-11-30 | Owned | 100
ADL 525095 | Melba Creek Mining Inc | NUG 24 | 40 | 1988-09-27 | 2015-11-30 | Owned | 100
ADL 525096 | Melba Creek Mining Inc | NUG 25 | 40 | 1988-09-30 | 2015-11-30 | Owned | 100
ADL 525097 | Melba Creek Mining Inc | NUG 26 | 40 | 1988-09-30 | 2015-11-30 | Owned | 100
ADL 525098 | Melba Creek Mining Inc | NUG 27 | 40 | 1988-09-30 | 2015-11-30 | Owned | 100
ADL 525099 | Melba Creek Mining Inc | NUG 28 | 40 | 1988-09-30 | 2015-11-30 | Owned | 100

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Case ID | Registered Owners | Claim Name | Area (ac) | Grant Date | Expiry Date | Interest | % Held by FGMI
ADL 525100 | Melba Creek Mining Inc | NUG 29 | 40 | 1988-09-26 | 2015-11-30 | Owned | 100
ADL 525101 | Melba Creek Mining Inc | NUG 30 | 40 | 1988-09-26 | 2015-11-30 | Owned | 100
ADL 525102 | Melba Creek Mining Inc | NUG 31 | 40 | 1988-09-26 | 2015-11-30 | Owned | 100
ADL 525103 | Melba Creek Mining Inc | NUG 32 | 40 | 1988-09-27 | 2015-11-30 | Owned | 100
ADL 525104 | Melba Creek Mining Inc | NUG 33 | 40 | 1988-09-27 | 2015-11-30 | Owned | 100
ADL 525105 | Melba Creek Mining Inc | NUG 34 | 40 | 1988-09-30 | 2015-11-30 | Owned | 100
ADL 525106 | Melba Creek Mining Inc | NUG 35 | 40 | 1988-09-30 | 2015-11-30 | Owned | 100
ADL 525107 | Melba Creek Mining Inc | NUG 36 | 4 | 1988-09-30 | 2015-11-30 | Owned | 100
ADL 525108 | Melba Creek Mining Inc | NUG 37 | 40 | 1988-09-26 | 2015-11-30 | Owned | 100
ADL 525109 | Melba Creek Mining Inc | NUG 39 | 40 | 1988-09-26 | 2015-11-30 | Owned | 100
ADL 525110 | Melba Creek Mining Inc | NUG 40 | 25 | 1988-09-27 | 2015-11-30 | Owned | 100
ADL 525111 | Melba Creek Mining Inc | NUG 41 | 35 | 1988-09-27 | 2015-11-30 | Owned | 100
ADL 525112 | Melba Creek Mining Inc | NUG 42 | 40 | 1988-09-27 | 2015-11-30 | Owned | 100
ADL 525113 | Melba Creek Mining Inc | NUG 43 | 30 | 1988-09-27 | 2015-11-30 | Owned | 100
ADL 525114 | Melba Creek Mining Inc | NUG 44 | 12 | 1988-09-27 | 2015-11-30 | Owned | 100
ADL 525723 | Melba Creek Mining Inc | FX 1 | 40 | 1988-08-03 | 2015-11-30 | Owned | 100
ADL 525724 | Melba Creek Mining Inc | FX 2 | 40 | 1988-08-03 | 2015-11-30 | Owned | 100
ADL 525725 | Melba Creek Mining Inc | FX 3 | 40 | 1988-08-04 | 2015-11-30 | Owned | 100
ADL 526454 | Shepard M Dennis | MURRAY 12 | 13 | 1988-11-20 | 2015-11-30 | Leased | 100
ADL 527235 | Melba Creek Mining Inc | MCM 100 | 25 | 1988-09-16 | 2015-11-30 | Owned | 100
ADL 527236 | Melba Creek Mining Inc | MCM 101 | 40 | 1988-09-16 | 2015-11-30 | Owned | 100
ADL 527237 | Melba Creek Mining Inc | MCM 102 | 25 | 1988-09-16 | 2015-11-30 | Owned | 100
ADL 527238 | Melba Creek Mining Inc | MCM 200 | 40 | 1988-09-16 | 2015-11-30 | Owned | 100
ADL 527239 | Melba Creek Mining Inc | MCM 202 | 40 | 1988-09-16 | 2015-11-30 | Owned | 100
ADL 527240 | Melba Creek Mining Inc | MCM 300 | 40 | 1988-09-16 | 2015-11-30 | Owned | 100
ADL 527241 | Melba Creek Mining Inc | MCM 302 | 40 | 1988-09-16 | 2015-11-30 | Owned | 100
ADL 527245 | Melba Creek Mining Inc | MCM 403 | 40 | 1988-09-16 | 2015-11-30 | Owned | 100
ADL 527249 | Melba Creek Mining Inc | MCM 503 | 40 | 1988-09-16 | 2015-11-30 | Owned | 100
ADL 527253 | Melba Creek Mining Inc | MCM 602 | 40 | 1988-09-15 | 2015-11-30 | Owned | 100
ADL 527258 | Melba Creek Mining Inc | NA 100 | 40 |  | 2015-11-30 | Owned | 100
ADL 527259 | Melba Creek Mining Inc | NA 101 | 40 |  | 2015-11-30 | Owned | 100
ADL 527260 | Melba Creek Mining Inc | NA 200 | 40 |  | 2015-11-30 | Owned | 100
ADL 527261 | Melba Creek Mining Inc | NA 201 | 40 |  | 2015-11-30 | Owned | 100
ADL 527262 | Melba Creek Mining Inc | NA 300 | 40 |  | 2015-11-30 | Owned | 100
ADL 527263 | Melba Creek Mining Inc | NA 301 | 40 |  | 2015-11-30 | Owned | 100
ADL 527264 | Melba Creek Mining Inc | NA 400 | 40 |  | 2015-11-30 | Owned | 100
ADL 527265 | Melba Creek Mining Inc | NA 401 | 40 |  | 2015-11-30 | Owned | 100
ADL 527266 | Melba Creek Mining Inc | NA 500 | 40 |  | 2015-11-30 | Owned | 100
ADL 527267 | Melba Creek Mining Inc | NA 501 | 40 |  | 2015-11-30 | Owned | 100
ADL 527268 | Melba Creek Mining Inc | NA 600 | 40 |  | 2015-11-30 | Owned | 100
ADL 527269 | Melba Creek Mining Inc | NA 601 | 40 |  | 2015-11-30 | Owned | 100
ADL 527270 | Melba Creek Mining Inc | NA 700 | 40 |  | 2015-11-30 | Owned | 100
ADL 527271 | Melba Creek Mining Inc | NA 701 | 40 |  | 2015-11-30 | Owned | 100
ADL 527272 | Melba Creek Mining Inc | NA 800 | 40 | 1988-09-19 | 2015-11-30 | Owned | 100
ADL 527273 | Melba Creek Mining Inc | NA 801 | 40 |  | 2015-11-30 | Owned | 100
ADL 527274 | Melba Creek Mining Inc | NA 900 | 20 | 1988-09-20 | 2015-11-30 | Owned | 100
ADL 527275 | Melba Creek Mining Inc | NA 901 | 25 | 1988-09-20 | 2015-11-30 | Owned | 100
ADL 527276 | Melba Creek Mining Inc | NA 902 | 25 |  | 2015-11-30 | Owned | 100
ADL 527277 | Melba Creek Mining Inc | NA 1000 | 40 |  | 2015-11-30 | Owned | 100
ADL 527278 | Melba Creek Mining Inc | NA 1001 | 40 |  | 2015-11-30 | Owned | 100
ADL 527286 | Melba Creek Mining Inc | FNE 100 | 10 | 1988-09-21 | 2015-11-30 | Owned | 100
ADL 527287 | Melba Creek Mining Inc | FNE 101 | 33 | 1988-09-21 | 2015-11-30 | Owned | 100
ADL 527288 | Melba Creek Mining Inc | FNE 102 | 40 | 1988-09-21 | 2015-11-30 | Owned | 100
ADL 527289 | Melba Creek Mining Inc | FNE 103 | 40 | 1988-09-21 | 2015-11-30 | Owned | 100
ADL 527290 | Melba Creek Mining Inc | FNE 104 | 40 | 1988-09-21 | 2015-11-30 | Owned | 100
ADL 527291 | Melba Creek Mining Inc | FNE 105 | 40 | 1988-09-21 | 2015-11-30 | Owned | 100
ADL 527292 | Melba Creek Mining Inc | FNE 106 | 40 | 1988-09-21 | 2015-11-30 | Owned | 100
ADL 527293 | Melba Creek Mining Inc | FNE 107 | 40 | 1988-09-28 | 2015-11-30 | Owned | 100
ADL 527294 | Melba Creek Mining Inc | FNE 108 | 20 | 1988-09-28 | 2015-11-30 | Owned | 100
ADL 527295 | Melba Creek Mining Inc | FNE 201 | 7 | 1988-09-21 | 2015-11-30 | Owned | 100
ADL 527296 | Melba Creek Mining Inc | FNE 202 | 20 | 1988-09-21 | 2015-11-30 | Owned | 100
ADL 527297 | Melba Creek Mining Inc | FNE 203 | 40 | 1988-09-21 | 2015-11-30 | Owned | 100
ADL 527298 | Melba Creek Mining Inc | FNE 204 | 40 | 1988-09-21 | 2015-11-30 | Owned | 100
ADL 527299 | Melba Creek Mining Inc | FNE 205 | 40 | 1988-09-21 | 2015-11-30 | Owned | 100
ADL 527300 | Melba Creek Mining Inc | FNE 206 | 30 | 1988-09-21 | 2015-11-30 | Owned | 100
ADL 527301 | Melba Creek Mining Inc | FNE 207 | 20 | 1988-09-21 | 2015-11-30 | Owned | 100
ADL 527302 | Melba Creek Mining Inc | FNE 208 | 20 | 1988-09-21 | 2015-11-30 | Owned | 100
ADL 527303 | Melba Creek Mining Inc | FNE 303 | 20 | 1988-09-27 | 2015-11-30 | Owned | 100
ADL 527304 | Melba Creek Mining Inc | FNE 304 | 20 | 1988-09-27 | 2015-11-30 | Owned | 100

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Case ID | Registered Owners | Claim Name | Area (ac) | Grant Date | Expiry Date | Interest | % Held by FGMI
ADL 527305 | Melba Creek Mining Inc | FNE 800 | 38 | 1988-09-27 | 2015-11-30 | Owned | 100
ADL 527306 | Melba Creek Mining Inc | FNE 801 | 35 | 1988-09-27 | 2015-11-30 | Owned | 100
ADL 527307 | Melba Creek Mining Inc | FNE 802 | 30 | 1988-09-27 | 2015-11-30 | Owned | 100
ADL 527308 | Melba Creek Mining Inc | FNE 803 | 18 | 1988-09-27 | 2015-11-30 | Owned | 100
ADL 527309 | Melba Creek Mining Inc | GD 100 | 22 | 1988-09-29 | 2015-11-30 | Owned | 100
ADL 527310 | Melba Creek Mining Inc | GD 101 | 25 | 1988-09-29 | 2015-11-30 | Owned | 100
ADL 527311 | Melba Creek Mining Inc | GD 200 | 40 | 1988-09-29 | 2015-11-30 | Owned | 100
ADL 527312 | Melba Creek Mining Inc | GD 201 | 40 | 1988-09-29 | 2015-11-30 | Owned | 100
ADL 527313 | Melba Creek Mining Inc | GD 300 | 20 | 1988-09-29 | 2015-11-30 | Owned | 100
ADL 527314 | Melba Creek Mining Inc | GD 301 | 13 | 1988-09-29 | 2015-11-30 | Owned | 100
ADL 527315 | Melba Creek Mining Inc | GD 400 | 21 | 1988-09-29 | 2015-11-30 | Owned | 100
ADL 527316 | Melba Creek Mining Inc | GD 401 | 40 | 1988-09-29 | 2015-11-30 | Owned | 100
ADL 527317 | Melba Creek Mining Inc | GD 402 | 40 | 1988-09-29 | 2015-11-30 | Owned | 100
ADL 527319 | Melba Creek Mining Inc | GD 500 | 10 | 1988-09-29 | 2015-11-30 | Owned | 100
ADL 527320 | Melba Creek Mining Inc | GD 501 | 8 | 1988-09-29 | 2015-11-30 | Owned | 100
ADL 528093 | Melba Creek Mining Inc | AMY 5 | 10 | 1982-11-24 | 2015-11-30 | Owned | 100
ADL 528094 | Melba Creek Mining Inc | AMY 6 | 32 | 1982-12-14 | 2015-11-30 | Owned | 100
ADL 528095 | Melba Creek Mining Inc | AMY 7 | 40 | 1981-10-17 | 2015-11-30 | Owned | 100
ADL 528096 | Melba Creek Mining Inc | AMY 8 | 30 | 1981-10-17 | 2015-11-30 | Owned | 100
ADL 530193 | Melba Creek Mining Inc | MCC 100 | 40 | 1989-06-22 | 2015-11-30 | Owned | 100
ADL 530194 | Melba Creek Mining Inc | MCC 101 | 40 | 1989-06-22 | 2015-11-30 | Owned | 100
ADL 530195 | Melba Creek Mining Inc | MCC 102 | 40 | 1989-06-22 | 2015-11-30 | Owned | 100
ADL 530196 | Melba Creek Mining Inc | MCC 103 | 40 | 1989-06-22 | 2015-11-30 | Owned | 100
ADL 530197 | Melba Creek Mining Inc | MCC 104 | 40 | 1989-06-22 | 2015-11-30 | Owned | 100
ADL 530198 | Melba Creek Mining Inc | MCC 199 | 40 | 1989-06-22 | 2015-11-30 | Owned | 100
ADL 530199 | Melba Creek Mining Inc | MCC 200 | 40 | 1989-06-22 | 2015-11-30 | Owned | 100
ADL 530200 | Melba Creek Mining Inc | MCC 201 | 35 | 1989-06-22 | 2015-11-30 | Owned | 100
ADL 530201 | Melba Creek Mining Inc | MCC 202 | 25 | 1989-06-22 | 2015-11-30 | Owned | 100
ADL 530202 | Melba Creek Mining Inc | MCC 203 | 20 | 1989-06-22 | 2015-11-30 | Owned | 100
ADL 530203 | Melba Creek Mining Inc | MCC 204 | 20 | 1989-06-22 | 2015-11-30 | Owned | 100
ADL 530204 | Melba Creek Mining Inc | MCC 299 | 40 | 1989-06-22 | 2015-11-30 | Owned | 100
ADL 530205 | Melba Creek Mining Inc | MCC 300 | 30 | 1989-06-22 | 2015-11-30 | Owned | 100
ADL 530206 | Melba Creek Mining Inc | MCC 301 | 10 | 1989-06-22 | 2015-11-30 | Owned | 100
ADL 530212 | Melba Creek Mining Inc | MCA 100 | 40 | 1989-06-19 | 2015-11-30 | Owned | 100
ADL 530213 | Melba Creek Mining Inc | MCA 101 | 40 | 1989-06-19 | 2015-11-30 | Owned | 100
ADL 530214 | Melba Creek Mining Inc | MCA 102 | 40 | 1989-06-23 | 2015-11-30 | Owned | 100
ADL 530215 | Melba Creek Mining Inc | MCA 103 | 40 | 1989-06-23 | 2015-11-30 | Owned | 100
ADL 530216 | Melba Creek Mining Inc | MCA 200 | 40 | 1989-06-19 | 2015-11-30 | Owned | 100
ADL 530217 | Melba Creek Mining Inc | MCA 201 | 40 | 1989-06-19 | 2015-11-30 | Owned | 100
ADL 530218 | Melba Creek Mining Inc | MCA 202 | 40 | 1989-06-19 | 2015-11-30 | Owned | 100
ADL 530219 | Melba Creek Mining Inc | MCA 203 | 40 | 1989-06-19 | 2015-11-30 | Owned | 100
ADL 530220 | Melba Creek Mining Inc | MCA 204 | 40 | 1989-06-19 | 2015-11-30 | Owned | 100
ADL 530221 | Melba Creek Mining Inc | MCA 205 | 40 | 1989-06-19 | 2015-11-30 | Owned | 100
ADL 530222 | Melba Creek Mining Inc | MCA 206 | 40 | 1989-06-19 | 2015-11-30 | Owned | 100
ADL 530223 | Melba Creek Mining Inc | MCA 207 | 10 | 1989-07-12 | 2015-11-30 | Owned | 100
ADL 530224 | Melba Creek Mining Inc | MCA 300 | 40 | 1989-06-19 | 2015-11-30 | Owned | 100
ADL 530225 | Melba Creek Mining Inc | MCA 301 | 40 | 1989-06-19 | 2015-11-30 | Owned | 100
ADL 530226 | Melba Creek Mining Inc | MCA 302 | 40 | 1989-06-19 | 2015-11-30 | Owned | 100
ADL 530227 | Melba Creek Mining Inc | MCA 303 | 40 | 1989-06-19 | 2015-11-30 | Owned | 100
ADL 530228 | Melba Creek Mining Inc | MCA 304 | 40 | 1989-06-19 | 2015-11-30 | Owned | 100
ADL 530229 | Melba Creek Mining Inc | MCA 305 | 40 | 1989-06-19 | 2015-11-30 | Owned | 100
ADL 530230 | Melba Creek Mining Inc | MCA 306 | 40 | 1989-06-19 | 2015-11-30 | Owned | 100
ADL 530231 | Melba Creek Mining Inc | MCA 307 | 14 | 1989-07-12 | 2015-11-30 | Owned | 100
ADL 530232 | Melba Creek Mining Inc | MCA 401 | 40 | 1989-06-20 | 2015-11-30 | Owned | 100
ADL 530233 | Melba Creek Mining Inc | MCA 402 | 40 | 1989-06-20 | 2015-11-30 | Owned | 100
ADL 530234 | Melba Creek Mining Inc | MCA 403 | 14 | 1989-06-20 | 2015-11-30 | Owned | 100
ADL 530235 | Melba Creek Mining Inc | MCA 404 | 25 | 1989-06-20 | 2015-11-30 | Owned | 100
ADL 530236 | Melba Creek Mining Inc | MCA 405 | 40 | 1989-06-20 | 2015-11-30 | Owned | 100
ADL 530237 | Melba Creek Mining Inc | MCA 406 | 40 | 1989-06-20 | 2015-11-30 | Owned | 100
ADL 530238 | Melba Creek Mining Inc | MCA 407 | 35 | 1989-07-12 | 2015-11-30 | Owned | 100
ADL 530239 | Melba Creek Mining Inc | MCA 504 | 15 | 1989-06-20 | 2015-11-30 | Owned | 100
ADL 530240 | Melba Creek Mining Inc | MCA 505 | 15 | 1989-06-20 | 2015-11-30 | Owned | 100
ADL 530241 | Melba Creek Mining Inc | MCA 506 | 15 | 1989-06-20 | 2015-11-30 | Owned | 100
ADL 530242 | Melba Creek Mining Inc | MCA 507 | 8 | 1989-07-13 | 2015-11-30 | Owned | 100
ADL 530243 | Melba Creek Mining Inc | MCA 603 | 40 | 1989-07-12 | 2015-11-30 | Owned | 100
ADL 530244 | Melba Creek Mining Inc | MCA 604 | 40 | 1989-07-12 | 2015-11-30 | Owned | 100
ADL 530245 | Melba Creek Mining Inc | MCA 605 | 10 | 1989-07-12 | 2015-11-30 | Owned | 100
ADL 530246 | Melba Creek Mining Inc | MCA 606 | 15 | 1989-07-13 | 2015-11-30 | Owned | 100
ADL 530247 | Melba Creek Mining Inc | MCA 703 | 40 | 1989-07-12 | 2015-11-30 | Owned | 100

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Case ID | Registered Owners | Claim Name | Area (ac) | Grant Date | Expiry Date | Interest | % Held by FGMI
ADL 530248 | Melba Creek Mining Inc | MCA 704 | 40 | 1989-07-12 | 2015-11-30 | Owned | 100
ADL 530249 | Melba Creek Mining Inc | MCA 705 | 40 | 1989-07-13 | 2015-11-30 | Owned | 100
ADL 530250 | Melba Creek Mining Inc | MCA 706 | 40 | 1989-07-13 | 2015-11-30 | Owned | 100
ADL 530251 | Melba Creek Mining Inc | MCA 707 | 18 | 1989-07-13 | 2015-11-30 | Owned | 100
ADL 530252 | Melba Creek Mining Inc | MCA 710 | 16 | 1989-07-17 | 2015-11-30 | Owned | 100
ADL 530253 | Melba Creek Mining Inc | MCA 711 | 10 | 1989-07-16 | 2015-11-30 | Owned | 100
ADL 530254 | Melba Creek Mining Inc | MCA 807 | 30 | 1989-07-14 | 2015-11-30 | Owned | 100
ADL 530255 | Melba Creek Mining Inc | MCA 808 | 10 | 1989-07-14 | 2015-11-30 | Owned | 100
ADL 530256 | Melba Creek Mining Inc | MCA 809 | 12 | 1989-07-15 | 2015-11-30 | Owned | 100
ADL 530257 | Melba Creek Mining Inc | MCA 810 | 40 | 1989-07-15 | 2015-11-30 | Owned | 100
ADL 530258 | Melba Creek Mining Inc | MCA 811 | 40 | 1989-07-16 | 2015-11-30 | Owned | 100
ADL 530259 | Melba Creek Mining Inc | MCA 812 | 13 | 1989-07-17 | 2015-11-30 | Owned | 100
ADL 530260 | Melba Creek Mining Inc | MCA 907 | 30 | 1989-07-14 | 2015-11-30 | Owned | 100
ADL 530261 | Melba Creek Mining Inc | MCA 908 | 30 | 1989-07-14 | 2015-11-30 | Owned | 100
ADL 530262 | Melba Creek Mining Inc | MCA 909 | 38 | 1989-07-15 | 2015-11-30 | Owned | 100
ADL 530263 | Melba Creek Mining Inc | MCA 910 | 40 | 1989-07-15 | 2015-11-30 | Owned | 100
ADL 530264 | Melba Creek Mining Inc | MCA 911 | 40 | 1989-07-16 | 2015-11-30 | Owned | 100
ADL 530265 | Melba Creek Mining Inc | MCA 912 | 40 | 1989-07-17 | 2015-11-30 | Owned | 100
ADL 530266 | Melba Creek Mining Inc | MCA 913 | 25 | 1989-07-17 | 2015-11-30 | Owned | 100
ADL 530267 | Melba Creek Mining Inc | MCA 1009 | 40 | 1989-07-15 | 2015-11-30 | Owned | 100
ADL 530268 | Melba Creek Mining Inc | MCA 1010 | 40 | 1989-07-15 | 2015-11-30 | Owned | 100
ADL 530269 | Melba Creek Mining Inc | MCA 1011 | 40 | 1989-07-16 | 2015-11-30 | Owned | 100
ADL 530270 | Melba Creek Mining Inc | MCA 1012 | 40 | 1989-07-17 | 2015-11-30 | Owned | 100
ADL 530271 | Melba Creek Mining Inc | MCA 1013 | 40 | 1989-07-17 | 2015-11-30 | Owned | 100
ADL 530272 | Melba Creek Mining Inc | MCA 1014 | 20 | 1989-07-17 | 2015-11-30 | Owned | 100
ADL 530273 | Melba Creek Mining Inc | MCA 1110 | 40 | 1989-07-16 | 2015-11-30 | Owned | 100
ADL 530274 | Melba Creek Mining Inc | MCA 1111 | 40 | 1989-07-16 | 2015-11-30 | Owned | 100
ADL 530275 | Melba Creek Mining Inc | MCA 1112 | 40 | 1989-07-16 | 2015-11-30 | Owned | 100
ADL 530276 | Melba Creek Mining Inc | MCA 1113 | 40 | 1989-07-16 | 2015-11-30 | Owned | 100
ADL 530277 | Melba Creek Mining Inc | MCA 1114 | 30 | 1989-07-16 | 2015-11-30 | Owned | 100
ADL 530533 | Melba Creek Mining Inc | NA 9 | 8 |  | 2015-11-30 | Owned | 100
ADL 530534 | Melba Creek Mining Inc | NA 10 | 8 |  | 2015-11-30 | Owned | 100
ADL 530535 | Melba Creek Mining Inc | NA 11 | 8 |  | 2015-11-30 | Owned | 100
ADL 530536 | Melba Creek Mining Inc | NA 12 | 8 |  | 2015-11-30 | Owned | 100
ADL 530537 | Melba Creek Mining Inc | NA 102 | 40 |  | 2015-11-30 | Owned | 100
ADL 530538 | Melba Creek Mining Inc | NA 103 | 40 |  | 2015-11-30 | Owned | 100
ADL 530539 | Melba Creek Mining Inc | NA 104 | 40 |  | 2015-11-30 | Owned | 100
ADL 530540 | Melba Creek Mining Inc | NA 105 | 40 |  | 2015-11-30 | Owned | 100
ADL 530541 | Melba Creek Mining Inc | NA 202 | 40 |  | 2015-11-30 | Owned | 100
ADL 530542 | Melba Creek Mining Inc | NA 203 | 40 |  | 2015-11-30 | Owned | 100
ADL 530543 | Melba Creek Mining Inc | NA 204 | 40 |  | 2015-11-30 | Owned | 100
ADL 530544 | Melba Creek Mining Inc | NA 205 | 40 |  | 2015-11-30 | Owned | 100
ADL 530545 | Melba Creek Mining Inc | NA 302 | 40 |  | 2015-11-30 | Owned | 100
ADL 530546 | Melba Creek Mining Inc | NA 303 | 40 |  | 2015-11-30 | Owned | 100
ADL 530547 | Melba Creek Mining Inc | NA 304 | 40 |  | 2015-11-30 | Owned | 100
ADL 530548 | Melba Creek Mining Inc | NA 305 | 40 |  | 2015-11-30 | Owned | 100
ADL 530549 | Melba Creek Mining Inc | NA 402 | 40 |  | 2015-11-30 | Owned | 100
ADL 530550 | Melba Creek Mining Inc | NA 403 | 40 |  | 2015-11-30 | Owned | 100
ADL 530551 | Melba Creek Mining Inc | NA 404 | 40 |  | 2015-11-30 | Owned | 100
ADL 530552 | Melba Creek Mining Inc | NA 405 | 40 |  | 2015-11-30 | Owned | 100
ADL 530553 | Melba Creek Mining Inc | NA 406 | 30 |  | 2015-11-30 | Owned | 100
ADL 530554 | Melba Creek Mining Inc | NA 502 | 40 |  | 2015-11-30 | Owned | 100
ADL 530555 | Melba Creek Mining Inc | NA 503 | 40 |  | 2015-11-30 | Owned | 100
ADL 530556 | Melba Creek Mining Inc | NA 504 | 40 |  | 2015-11-30 | Owned | 100
ADL 530557 | Melba Creek Mining Inc | NA 505 | 40 |  | 2015-11-30 | Owned | 100
ADL 530558 | Melba Creek Mining Inc | NA 506 | 30 |  | 2015-11-30 | Owned | 100
ADL 530559 | Melba Creek Mining Inc | NA 602 | 40 |  | 2015-11-30 | Owned | 100
ADL 530560 | Melba Creek Mining Inc | NA 603 | 40 |  | 2015-11-30 | Owned | 100
ADL 530561 | Melba Creek Mining Inc | NA 604 | 40 |  | 2015-11-30 | Owned | 100
ADL 530562 | Melba Creek Mining Inc | NA 605 | 40 |  | 2015-11-30 | Owned | 100
ADL 530563 | Melba Creek Mining Inc | NA 606 | 30 |  | 2015-11-30 | Owned | 100
ADL 530564 | Melba Creek Mining Inc | NA 702 | 40 |  | 2015-11-30 | Owned | 100
ADL 530565 | Melba Creek Mining Inc | NA 703 | 40 |  | 2015-11-30 | Owned | 100
ADL 530566 | Melba Creek Mining Inc | NA 704 | 40 |  | 2015-11-30 | Owned | 100
ADL 530567 | Melba Creek Mining Inc | NA 705 | 40 |  | 2015-11-30 | Owned | 100
ADL 530568 | Melba Creek Mining Inc | NA 706 | 30 |  | 2015-11-30 | Owned | 100
ADL 530569 | Melba Creek Mining Inc | NA 802 | 30 |  | 2015-11-30 | Owned | 100
ADL 530570 | Melba Creek Mining Inc | NA 803 | 40 |  | 2015-11-30 | Owned | 100
ADL 530571 | Melba Creek Mining Inc | NA 804 | 40 |  | 2015-11-30 | Owned | 100

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Case ID | Registered Owners | Claim Name | Area (ac) | Grant Date | Expiry Date | Interest | % Held by FGMI
ADL 530572 | Melba Creek Mining Inc | NA 805 | 40 |  | 2015-11-30 | Owned | 100
ADL 530573 | Melba Creek Mining Inc | NA 806 | 30 |  | 2015-11-30 | Owned | 100
ADL 530574 | Melba Creek Mining Inc | NA 903 | 20 |  | 2015-11-30 | Owned | 100
ADL 530575 | Melba Creek Mining Inc | NA 904 | 30 |  | 2015-11-30 | Owned | 100
ADL 530576 | Melba Creek Mining Inc | NA 905 | 30 |  | 2015-11-30 | Owned | 100
ADL 530577 | Melba Creek Mining Inc | NA 906 | 30 |  | 2015-11-30 | Owned | 100
ADL 530578 | Melba Creek Mining Inc | NA 907 | 30 |  | 2015-11-30 | Owned | 100
ADL 530589 | Melba Creek Mining Inc | GAG 80 | 4 | 1989-10-05 | 2015-11-30 | Owned | 100
ADL 530590 | Melba Creek Mining Inc | GAG 81 | 7 | 1989-10-01 | 2015-11-30 | Owned | 100
ADL 530591 | Melba Creek Mining Inc | GAG 82 | 10 | 1989-10-01 | 2015-11-30 | Owned | 100
ADL 530592 | Melba Creek Mining Inc | GAG 90 | 15 | 1989-10-05 | 2015-11-30 | Owned | 100
ADL 530593 | Melba Creek Mining Inc | GAG 91 | 40 | 1989-09-30 | 2015-11-30 | Owned | 100
ADL 530594 | Melba Creek Mining Inc | GAG 92 | 40 | 1989-10-01 | 2015-11-30 | Owned | 100
ADL 530595 | Melba Creek Mining Inc | GAG 93 | 20 | 1989-10-05 | 2015-11-30 | Owned | 100
ADL 530596 | Melba Creek Mining Inc | GAG 94 | 20 | 1989-10-05 | 2015-11-30 | Owned | 100
ADL 530597 | Melba Creek Mining Inc | GAG 95 | 20 | 1989-10-05 | 2015-11-30 | Owned | 100
ADL 530598 | Melba Creek Mining Inc | GAG 100 | 16 | 1989-10-05 | 2015-11-30 | Owned | 100
ADL 530599 | Melba Creek Mining Inc | GAG 101 | 40 | 1989-09-30 | 2015-11-30 | Owned | 100
ADL 530600 | Melba Creek Mining Inc | GAG 102 | 40 | 1989-10-01 | 2015-11-30 | Owned | 100
ADL 530601 | Melba Creek Mining Inc | GAG 103 | 40 | 1989-10-01 | 2015-11-30 | Owned | 100
ADL 530602 | Melba Creek Mining Inc | GAG 104 | 40 | 1989-10-05 | 2015-11-30 | Owned | 100
ADL 530603 | Melba Creek Mining Inc | GAG 105 | 40 | 1989-10-05 | 2015-11-30 | Owned | 100
ADL 530604 | Melba Creek Mining Inc | GAG 200 | 25 | 1989-09-30 | 2015-11-30 | Owned | 100
ADL 530605 | Melba Creek Mining Inc | GAG 201 | 40 | 1989-09-29 | 2015-11-30 | Owned | 100
ADL 530606 | Melba Creek Mining Inc | GAG 202 | 40 | 1989-10-01 | 2015-11-30 | Owned | 100
ADL 530607 | Melba Creek Mining Inc | GAG 203 | 40 | 1989-10-01 | 2015-11-30 | Owned | 100
ADL 530608 | Melba Creek Mining Inc | GAG 204 | 40 | 1989-10-01 | 2015-11-30 | Owned | 100
ADL 530609 | Melba Creek Mining Inc | GAG 205 | 40 | 1989-10-01 | 2015-11-30 | Owned | 100
ADL 530610 | Melba Creek Mining Inc | GAG 300 | 25 | 1989-09-30 | 2015-11-30 | Owned | 100
ADL 530611 | Melba Creek Mining Inc | GAG 301 | 40 | 1989-09-29 | 2015-11-30 | Owned | 100
ADL 530612 | Melba Creek Mining Inc | GAG 302 | 40 | 1989-09-30 | 2015-11-30 | Owned | 100
ADL 530613 | Melba Creek Mining Inc | GAG 303 | 40 | 1989-09-30 | 2015-11-30 | Owned | 100
ADL 530614 | Melba Creek Mining Inc | GAG 304 | 40 | 1989-10-01 | 2015-11-30 | Owned | 100
ADL 530615 | Melba Creek Mining Inc | GAG 305 | 40 | 1989-10-01 | 2015-11-30 | Owned | 100
ADL 530616 | Melba Creek Mining Inc | GAG 400 | 25 | 1989-09-29 | 2015-11-30 | Owned | 100
ADL 530617 | Melba Creek Mining Inc | GAG 401 | 40 | 1989-09-28 | 2015-11-30 | Owned | 100
ADL 530618 | Melba Creek Mining Inc | GAG 402 | 40 | 1989-09-29 | 2015-11-30 | Owned | 100
ADL 530619 | Melba Creek Mining Inc | GAG 403 | 40 | 1989-09-30 | 2015-11-30 | Owned | 100
ADL 530620 | Melba Creek Mining Inc | GAG 404 | 40 | 1989-09-30 | 2015-11-30 | Owned | 100
ADL 530621 | Melba Creek Mining Inc | GAG 405 | 40 | 1989-09-30 | 2015-11-30 | Owned | 100
ADL 530622 | Melba Creek Mining Inc | GAG 500 | 25 | 1989-09-29 | 2015-11-30 | Owned | 100
ADL 530623 | Melba Creek Mining Inc | GAG 501 | 40 | 1989-09-28 | 2015-11-30 | Owned | 100
ADL 530624 | Melba Creek Mining Inc | GAG 502 | 40 | 1989-09-30 | 2015-11-30 | Owned | 100
ADL 530625 | Melba Creek Mining Inc | GAG 503 | 40 | 1989-09-29 | 2015-11-30 | Owned | 100
ADL 530626 | Melba Creek Mining Inc | GAG 504 | 40 | 1989-09-29 | 2015-11-30 | Owned | 100
ADL 530627 | Melba Creek Mining Inc | GAG 505 | 40 | 1989-09-29 | 2015-11-30 | Owned | 100
ADL 530628 | Melba Creek Mining Inc | GAG 600 | 24 | 1989-09-28 | 2015-11-30 | Owned | 100
ADL 530629 | Melba Creek Mining Inc | GAG 601 | 40 | 1989-09-28 | 2015-11-30 | Owned | 100
ADL 530630 | Melba Creek Mining Inc | GAG 602 | 40 | 1989-09-28 | 2015-11-30 | Owned | 100
ADL 530631 | Melba Creek Mining Inc | GAG 603 | 40 | 1989-09-28 | 2015-11-30 | Owned | 100
ADL 530632 | Melba Creek Mining Inc | GAG 604 | 40 | 1989-09-28 | 2015-11-30 | Owned | 100
ADL 530633 | Melba Creek Mining Inc | GAG 605 | 40 | 1989-09-29 | 2015-11-30 | Owned | 100
ADL 530634 | Melba Creek Mining Inc | GAG 700 | 15 | 1989-09-28 | 2015-11-30 | Owned | 100
ADL 530635 | Melba Creek Mining Inc | GAG 701 | 40 | 1989-09-28 | 2015-11-30 | Owned | 100
ADL 530636 | Melba Creek Mining Inc | GAG 702 | 40 | 1989-09-28 | 2015-11-30 | Owned | 100
ADL 530637 | Melba Creek Mining Inc | GAG 703 | 40 | 1989-09-28 | 2015-11-30 | Owned | 100
ADL 530638 | Melba Creek Mining Inc | GAG 704 | 40 | 1989-09-29 | 2015-11-30 | Owned | 100
ADL 530639 | Melba Creek Mining Inc | GAG 705 | 40 | 1989-09-29 | 2015-11-30 | Owned | 100
ADL 530676 | Melba Creek Mining Inc | DUO 604 | 40 | 1989-09-20 | 2015-11-30 | Owned | 100
ADL 530678 | Melba Creek Mining Inc | DUO 611 | 40 | 1989-09-20 | 2015-11-30 | Owned | 100
ADL 530684 | Melba Creek Mining Inc | DUO 705 | 40 | 1989-09-20 | 2015-11-30 | Owned | 100
ADL 530687 | Melba Creek Mining Inc | DUO 708 | 40 | 1989-09-21 | 2015-11-30 | Owned | 100
ADL 530688 | Melba Creek Mining Inc | DUO 711 | 40 | 1989-09-20 | 2015-11-30 | Owned | 100
ADL 530689 | Melba Creek Mining Inc | DUO 805 | 40 | 1989-09-21 | 2015-11-30 | Owned | 100
ADL 530690 | Melba Creek Mining Inc | DUO 806 | 40 | 1989-09-21 | 2015-11-30 | Owned | 100
ADL 530691 | Melba Creek Mining Inc | DUO 807 | 40 | 1989-09-21 | 2015-11-30 | Owned | 100
ADL 530692 | Melba Creek Mining Inc | DUO 808 | 40 | 1989-09-21 | 2015-11-30 | Owned | 100
ADL 530693 | Melba Creek Mining Inc | DUO 809 | 40 | 1989-09-21 | 2015-11-30 | Owned | 100
ADL 530694 | Melba Creek Mining Inc | DUO 810 | 40 | 1989-09-22 | 2015-11-30 | Owned | 100

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Case ID | Registered Owners | Claim Name | Area (ac) | Grant Date | Expiry Date | Interest | % Held by FGMI
ADL 530898 | Melba Creek Mining Inc | FORT KNOX 32 | 35 |  | 2015-11-30 | Owned | 100
ADL 530899 | Melba Creek Mining Inc | FORT KNOX 33 | 38 |  | 2015-11-30 | Owned | 100
ADL 530900 | Melba Creek Mining Inc | FORT KNOX 36 | 40 |  | 2015-11-30 | Owned | 100
ADL 530901 | Melba Creek Mining Inc | FORT KNOX 51 | 35 | 1982-10-19 | 2015-11-30 | Owned | 100
ADL 530903 | Melba Creek Mining Inc | FORT KNOX 54 | 7 | 1982-10-19 | 2015-11-30 | Owned | 100
ADL 530904 | Melba Creek Mining Inc | FORT KNOX 55 | 12 | 1982-10-19 | 2015-11-30 | Owned | 100
ADL 531607 | Melba Creek Mining Inc | NA 100A | 8 |  | 2015-11-30 | Owned | 100
ADL 531608 | Melba Creek Mining Inc | NA 100B | 6 | 1989-09-12 | 2015-11-30 | Owned | 100
ADL 531609 | Melba Creek Mining Inc | NA 200A | 5 |  | 2015-11-30 | Owned | 100
ADL 531610 | Melba Creek Mining Inc | NA 300A | 8 |  | 2015-11-30 | Owned | 100
ADL 531611 | Melba Creek Mining Inc | NA 400A | 8 |  | 2015-11-30 | Owned | 100
ADL 531612 | Melba Creek Mining Inc | NA 500A | 8 |  | 2015-11-30 | Owned | 100
ADL 531613 | Melba Creek Mining Inc | NA 600A | 8 |  | 2015-11-30 | Owned | 100
ADL 531614 | Melba Creek Mining Inc | NA 700A | 8 | 1989-09-10 | 2015-11-30 | Owned | 100
ADL 531615 | Melba Creek Mining Inc | NA 800A | 8 |  | 2015-11-30 | Owned | 100
ADL 531818 | Melba Creek Mining Inc | FH 100 | 40 | 1989-10-27 | 2015-11-30 | Owned | 100
ADL 531819 | Melba Creek Mining Inc | FH 101 | 40 | 1989-10-27 | 2015-11-30 | Owned | 100
ADL 531820 | Melba Creek Mining Inc | FH 102 | 40 | 1989-10-26 | 2015-11-30 | Owned | 100
ADL 531821 | Melba Creek Mining Inc | FH 103 | 40 | 1989-10-27 | 2015-11-30 | Owned | 100
ADL 531822 | Melba Creek Mining Inc | FH 104 | 40 | 1989-10-27 | 2015-11-30 | Owned | 100
ADL 531823 | Melba Creek Mining Inc | FH 105 | 40 | 1989-10-27 | 2015-11-30 | Owned | 100
ADL 531824 | Melba Creek Mining Inc | FH 106 | 40 | 1989-10-27 | 2015-11-30 | Owned | 100
ADL 531825 | Melba Creek Mining Inc | FH 107 | 40 | 1989-10-27 | 2015-11-30 | Owned | 100
ADL 531826 | Melba Creek Mining Inc | FH 200 | 30 | 1989-10-28 | 2015-11-30 | Owned | 100
ADL 531827 | Melba Creek Mining Inc | FH 201 | 40 | 1989-10-28 | 2015-11-30 | Owned | 100
ADL 531828 | Melba Creek Mining Inc | FH 202 | 40 | 1989-10-28 | 2015-11-30 | Owned | 100
ADL 531829 | Melba Creek Mining Inc | FH 203 | 40 | 1989-10-28 | 2015-11-30 | Owned | 100
ADL 531830 | Melba Creek Mining Inc | FH 204 | 40 | 1989-10-28 | 2015-11-30 | Owned | 100
ADL 531831 | Melba Creek Mining Inc | FH 205 | 35 | 1989-10-29 | 2015-11-30 | Owned | 100
ADL 531832 | Melba Creek Mining Inc | FH 206 | 33 | 1989-10-28 | 2015-11-30 | Owned | 100
ADL 531833 | Melba Creek Mining Inc | FH 207 | 25 | 1989-10-28 | 2015-11-30 | Owned | 100
ADL 531834 | Melba Creek Mining Inc | FH 301 | 15 | 1989-10-29 | 2015-11-30 | Owned | 100
ADL 531835 | Melba Creek Mining Inc | FH 302 | 25 | 1989-10-28 | 2015-11-30 | Owned | 100
ADL 531836 | Melba Creek Mining Inc | FH 303 | 25 | 1989-10-28 | 2015-11-30 | Owned | 100
ADL 531837 | Melba Creek Mining Inc | FH 304 | 10 | 1989-10-28 | 2015-11-30 | Owned | 100
ADL 531890 | Melba Creek Mining Inc | FORT KNOX 37 | 40 |  | 2015-11-30 | Owned | 100
ADL 532357 | Melba Creek Mining Inc | DUO 608 | 40 | 1990-03-10 | 2015-11-30 | Owned | 100
ADL 532358 | Melba Creek Mining Inc | DUO 609 | 40 | 1990-03-10 | 2015-11-30 | Owned | 100
ADL 532359 | Melba Creek Mining Inc | DUO 610 | 40 | 1990-03-10 | 2015-11-30 | Owned | 100
ADL 532360 | Melba Creek Mining Inc | DUO 709 | 40 | 1990-03-10 | 2015-11-30 | Owned | 100
ADL 532361 | Melba Creek Mining Inc | DUO 710 | 40 | 1990-10-03 | 2015-11-30 | Owned | 100
ADL 532362 | Melba Creek Mining Inc | DUO 811 | 40 | 1990-03-11 | 2015-11-30 | Owned | 100
ADL 532363 | Melba Creek Mining Inc | DUO 908 | 40 | 1990-03-12 | 2015-11-30 | Owned | 100
ADL 532364 | Melba Creek Mining Inc | DUO 909 | 40 | 1990-03-12 | 2015-11-30 | Owned | 100
ADL 532365 | Melba Creek Mining Inc | DUO 910 | 40 | 1990-03-12 | 2015-11-30 | Owned | 100
ADL 532536 | Melba Creek Mining Inc | NUG 38 | 9 | 1988-09-26 | 2015-11-30 | Owned | 100
ADL 555602 | Shepard M Dennis | MERLYN 100 | 40 | 1990-07-24 | 2015-11-30 | Leased | 100
ADL 555818 | Melba Creek Mining Inc | MCA FRACTION NO 1 | 11 | 1990-09-24 | 2015-11-30 | Owned | 100
ADL 555819 | Melba Creek Mining Inc | MCA FRACTION NO 2 | 14 | 1990-09-24 | 2015-11-30 | Owned | 100
ADL 555820 | Melba Creek Mining Inc | MCA FRACTION NO 3 | 24 | 1990-09-24 | 2015-11-30 | Owned | 100
ADL 556057 | Melba Creek Mining Inc | GIG 1 | 40 | 1991-03-07 | 2015-11-30 | Owned | 100
ADL 556058 | Melba Creek Mining Inc | GIG 2 | 40 | 1991-03-07 | 2015-11-30 | Owned | 100
ADL 556059 | Melba Creek Mining Inc | GIG 3 | 40 | 1991-03-07 | 2015-11-30 | Owned | 100
ADL 556060 | Melba Creek Mining Inc | GIG 4 | 40 | 1991-03-07 | 2015-11-30 | Owned | 100
ADL 556061 | Melba Creek Mining Inc | GIG 5 | 40 | 1991-03-07 | 2015-11-30 | Owned | 100
ADL 556062 | Melba Creek Mining Inc | GIG 6 | 40 | 1991-03-07 | 2015-11-30 | Owned | 100
ADL 556063 | Melba Creek Mining Inc | GIG 7 | 40 | 1991-03-07 | 2015-11-30 | Owned | 100
ADL 556064 | Melba Creek Mining Inc | GIG 8 | 40 | 1991-03-07 | 2015-11-30 | Owned | 100
ADL 556065 | Melba Creek Mining Inc | GIG 9 | 40 | 1991-03-07 | 2015-11-30 | Owned | 100
ADL 556066 | Melba Creek Mining Inc | GIG 10 | 40 | 1991-03-07 | 2015-11-30 | Owned | 100
ADL 556067 | Melba Creek Mining Inc | GIG 11 | 40 | 1991-03-07 | 2015-11-30 | Owned | 100
ADL 556068 | Melba Creek Mining Inc | GIG 12 | 40 | 1991-03-07 | 2015-11-30 | Owned | 100
ADL 556069 | Melba Creek Mining Inc | GIG 13 | 40 | 1991-03-07 | 2015-11-30 | Owned | 100
ADL 556070 | Melba Creek Mining Inc | GIG 14 | 40 | 1991-03-07 | 2015-11-30 | Owned | 100
ADL 556071 | Melba Creek Mining Inc | GIG 15 | 40 | 1991-03-07 | 2015-11-30 | Owned | 100
ADL 556072 | Melba Creek Mining Inc | GIG 16 | 40 | 1991-03-07 | 2015-11-30 | Owned | 100
ADL 556073 | Melba Creek Mining Inc | GIG 17 | 40 | 1991-03-07 | 2015-11-30 | Owned | 100
ADL 556074 | Melba Creek Mining Inc | GIG 18 | 40 | 1991-03-07 | 2015-11-30 | Owned | 100
ADL 556075 | Melba Creek Mining Inc | GIG 19 | 40 | 1991-03-07 | 2015-11-30 | Owned | 100

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Case ID | Registered Owners | Claim Name | Area (ac) | Grant Date | Expiry Date | Interest | % Held by FGMI
ADL 556076 | Melba Creek Mining Inc | GIG 20 | 40 | 1991-03-07 | 2015-11-30 | Owned | 100
ADL 556077 | Melba Creek Mining Inc | GIG 21 | 40 | 1991-03-07 | 2015-11-30 | Owned | 100
ADL 556078 | Melba Creek Mining Inc | GIG 22 | 40 | 1991-03-07 | 2015-11-30 | Owned | 100
ADL 556079 | Melba Creek Mining Inc | GIG 23 | 40 | 1991-03-07 | 2015-11-30 | Owned | 100
ADL 556080 | Melba Creek Mining Inc | GV FRACTION 1 | 10 | 1991-05-16 | 2015-11-30 | Owned | 100
ADL 556081 | Melba Creek Mining Inc | GV FRACTION 2 | 10 | 1991-05-16 | 2015-11-30 | Owned | 100
ADL 556082 | Melba Creek Mining Inc | GV FRACTION 3 | 40 | 1991-05-16 | 2015-11-30 | Owned | 100
ADL 556083 | Melba Creek Mining Inc | GV FRACTION 4 | 40 | 1991-05-16 | 2015-11-30 | Owned | 100
ADL 556084 | Melba Creek Mining Inc | GV FRACTION 5 | 40 | 1991-05-16 | 2015-11-30 | Owned | 100
ADL 556085 | Melba Creek Mining Inc | GV FRACTION 6 | 40 | 1991-05-16 | 2015-11-30 | Owned | 100
ADL 556086 | Melba Creek Mining Inc | GV FRACTION 7 | 40 | 1991-05-16 | 2015-11-30 | Owned | 100
ADL 556087 | Melba Creek Mining Inc | GV FRACTION 8 | 40 | 1991-05-16 | 2015-11-30 | Owned | 100
ADL 556088 | Melba Creek Mining Inc | GV FRACTION 9 | 40 | 1991-05-16 | 2015-11-30 | Owned | 100
ADL 556089 | Melba Creek Mining Inc | GV FRACTION 10 | 40 | 1991-05-16 | 2015-11-30 | Owned | 100
ADL 556090 | Melba Creek Mining Inc | GV FRACTION 11 | 10 | 1991-05-16 | 2015-11-30 | Owned | 100
ADL 556091 | Melba Creek Mining Inc | GE 1 | 40 | 1991-05-16 | 2015-11-30 | Owned | 100
ADL 556092 | Melba Creek Mining Inc | GE 2 | 40 | 1991-05-16 | 2015-11-30 | Owned | 100
ADL 556093 | Melba Creek Mining Inc | GE 3 | 40 | 1991-05-16 | 2015-11-30 | Owned | 100
ADL 556094 | Melba Creek Mining Inc | GE 4 | 40 | 1991-05-16 | 2015-11-30 | Owned | 100
ADL 556719 | Fairbanks Gold Mining, Inc. | FY 29 | 40 | 1991-12-03 | 2015-11-30 | Owned | 100
ADL 556811 | Melba Creek Mining Inc | DUO 905 FRACTION | 6 | 1991-12-12 | 2015-11-30 | Owned | 100
ADL 556812 | Melba Creek Mining Inc | DUO 906 FRACTION | 17 | 1991-12-12 | 2015-11-30 | Owned | 100
ADL 556813 | Melba Creek Mining Inc | DUO 907 FRACTION | 21 | 1991-12-12 | 2015-11-30 | Owned | 100
ADL 556911 | Fairbanks Gold Mining, Inc. | UB 1 FRACTION | 12 | 1992-04-28 | 2015-11-30 | Owned | 100
ADL 556912 | Fairbanks Gold Mining, Inc. | UB 2 FRACTION | 12 | 1992-04-28 | 2015-11-30 | Owned | 100
ADL 556913 | Fairbanks Gold Mining, Inc. | GD 403 | 40 | 1988-09-29 | 2015-11-30 | Owned | 100
ADL 556914 | Fairbanks Gold Mining, Inc. | GD 503 | 40 | 1988-09-29 | 2015-11-30 | Owned | 100
ADL 556915 | Fairbanks Gold Mining, Inc. | GIL 115 | 40 | 1992-04-15 | 2015-11-30 | Owned | 100
ADL 556916 | Fairbanks Gold Mining, Inc. | GIL 116 | 40 | 1992-04-15 | 2015-11-30 | Owned | 100
ADL 556917 | Fairbanks Gold Mining, Inc. | GIL 117 | 40 | 1992-04-15 | 2015-11-30 | Owned | 100
ADL 556918 | Fairbanks Gold Mining, Inc. | GIL 118 | 40 | 1992-04-15 | 2015-11-30 | Owned | 100
ADL 556919 | Fairbanks Gold Mining, Inc. | GIL 119 | 40 | 1992-04-01 | 2015-11-30 | Owned | 100
ADL 556920 | Fairbanks Gold Mining, Inc. | GIL 120 | 40 | 1992-04-01 | 2015-11-30 | Owned | 100
ADL 556921 | Fairbanks Gold Mining, Inc. | GIL 213 | 40 | 1992-04-14 | 2015-11-30 | Owned | 100
ADL 556922 | Fairbanks Gold Mining, Inc. | GIL 214 | 40 | 1992-04-14 | 2015-11-30 | Owned | 100
ADL 556923 | Fairbanks Gold Mining, Inc. | GIL 215 | 40 | 1992-04-14 | 2015-11-30 | Owned | 100
ADL 556924 | Fairbanks Gold Mining, Inc. | GIL 216 | 40 | 1992-04-16 | 2015-11-30 | Owned | 100
ADL 556925 | Fairbanks Gold Mining, Inc. | GIL 217 | 40 | 1992-04-13 | 2015-11-30 | Owned | 100
ADL 556926 | Fairbanks Gold Mining, Inc. | GIL 312 | 20 | 1992-04-03 | 2015-11-30 | Owned | 100
ADL 556927 | Fairbanks Gold Mining, Inc. | GIL 313 | 40 | 1992-04-03 | 2015-11-30 | Owned | 100
ADL 556928 | Fairbanks Gold Mining, Inc. | GIL 314 | 40 | 1992-04-14 | 2015-11-30 | Owned | 100
ADL 556929 | Fairbanks Gold Mining, Inc. | GIL 315 | 40 | 1992-04-14 | 2015-11-30 | Owned | 100
ADL 556930 | Fairbanks Gold Mining, Inc. | GIL 316 | 40 | 1992-04-13 | 2015-11-30 | Owned | 100
ADL 556931 | Fairbanks Gold Mining, Inc. | GIL 412 | 40 | 1992-04-03 | 2015-11-30 | Owned | 100
ADL 556932 | Fairbanks Gold Mining, Inc. | GIL 413 | 40 | 1992-04-03 | 2015-11-30 | Owned | 100
ADL 556933 | Fairbanks Gold Mining, Inc. | GIL 414 | 40 | 1992-04-13 | 2015-11-30 | Owned | 100
ADL 556934 | Fairbanks Gold Mining, Inc. | GIL 415 | 40 | 1992-04-13 | 2015-11-30 | Owned | 100
ADL 556935 | Fairbanks Gold Mining, Inc. | GIL 416 | 40 | 1992-04-13 | 2015-11-30 | Owned | 100
ADL 556936 | Fairbanks Gold Mining, Inc. | GIL 512 | 40 | 1992-04-03 | 2015-11-30 | Owned | 100
ADL 556937 | Fairbanks Gold Mining, Inc. | GIL 1017 | 40 | 1992-04-15 | 2015-11-30 | Owned | 100
ADL 556938 | Fairbanks Gold Mining, Inc. | GIL 1018 | 40 | 1992-04-15 | 2015-11-30 | Owned | 100
ADL 556939 | Fairbanks Gold Mining, Inc. | GIL 1019 | 40 | 1992-04-15 | 2015-11-30 | Owned | 100
ADL 556940 | Fairbanks Gold Mining, Inc. | GIL 1020 | 40 | 1992-04-01 | 2015-11-30 | Owned | 100
ADL 556941 | Fairbanks Gold Mining, Inc. | GIL 1021 | 40 | 1992-04-01 | 2015-11-30 | Owned | 100
ADL 556942 | Fairbanks Gold Mining, Inc. | GIL 1121 | 40 | 1992-04-01 | 2015-11-30 | Owned | 100
ADL 556943 | Fairbanks Gold Mining, Inc. | GIL 1221 | 40 | 1992-04-02 | 2015-11-30 | Owned | 100
ADL 556944 | Fairbanks Gold Mining, Inc. | GIL 1222 | 40 | 1992-04-01 | 2015-11-30 | Owned | 100
ADL 556945 | Fairbanks Gold Mining, Inc. | GIL 1223 | 40 | 1992-04-01 | 2015-11-30 | Owned | 100
ADL 556946 | Fairbanks Gold Mining, Inc. | GIL 1321 | 40 | 1992-04-02 | 2015-11-30 | Owned | 100
ADL 556947 | Fairbanks Gold Mining, Inc. | GIL 1322 | 40 | 1992-04-02 | 2015-11-30 | Owned | 100
ADL 556948 | Fairbanks Gold Mining, Inc. | GIL 1323 | 40 | 1992-04-02 | 2015-11-30 | Owned | 100
ADL 556949 | Fairbanks Gold Mining, Inc. | GIL 1324 | 40 | 1992-04-04 | 2015-11-30 | Owned | 100
ADL 556950 | Fairbanks Gold Mining, Inc. | GIL 1424 | 40 | 1992-04-04 | 2015-11-30 | Owned | 100
ADL 556951 | Fairbanks Gold Mining, Inc. | GIL 1425 | 40 | 1992-04-04 | 2015-11-30 | Owned | 100
ADL 556952 | Fairbanks Gold Mining, Inc. | GIL 1524 | 40 | 1992-04-04 | 2015-11-30 | Owned | 100
ADL 556953 | Fairbanks Gold Mining, Inc. | GIL 1525 | 40 | 1992-04-04 | 2015-11-30 | Owned | 100
ADL 556954 | Fairbanks Gold Mining, Inc. | GIL 1526 | 40 | 1992-04-06 | 2015-11-30 | Owned | 100
ADL 556955 | Fairbanks Gold Mining, Inc. | GIL 1527 | 40 | 1992-04-06 | 2015-11-30 | Owned | 100
ADL 556956 | Fairbanks Gold Mining, Inc. | GIL 1528 | 40 | 1992-04-06 | 2015-11-30 | Owned | 100

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Case ID | Registered Owners | Claim Name | Area (ac) | Grant Date | Expiry Date | Interest | % Held by FGMI
ADL 556957 | Fairbanks Gold Mining, Inc. | GIL 1529 | 40 | 1992-04-06 | 2015-11-30 | Owned | 100
ADL 556958 | Fairbanks Gold Mining, Inc. | GIL 1530 | 40 | 1992-04-07 | 2015-11-30 | Owned | 100
ADL 556959 | Fairbanks Gold Mining, Inc. | GIL 1531 | 40 | 1992-04-07 | 2015-11-30 | Owned | 100
ADL 556960 | Fairbanks Gold Mining, Inc. | GIL 1532 | 40 | 1992-04-07 | 2015-11-30 | Owned | 100
ADL 556961 | Fairbanks Gold Mining, Inc. | GIL 1533 | 40 | 1992-04-13 | 2015-11-30 | Owned | 100
ADL 556962 | Fairbanks Gold Mining, Inc. | GIL 1632 | 40 | 1992-04-09 | 2015-11-30 | Owned | 100
ADL 556963 | Fairbanks Gold Mining, Inc. | GIL 1633 | 40 | 1992-04-13 | 2015-11-30 | Owned | 100
ADL 556964 | Fairbanks Gold Mining, Inc. | GIL 1732 | 40 | 1992-04-09 | 2015-11-30 | Owned | 100
ADL 556965 | Fairbanks Gold Mining, Inc. | GIL 1733 | 40 | 1992-04-14 | 2015-11-30 | Owned | 100
ADL 556966 | Fairbanks Gold Mining, Inc. | GIL 1734 | 40 | 1992-04-14 | 2015-11-30 | Owned | 100
ADL 556967 | Fairbanks Gold Mining, Inc. | GIL 1832 | 40 | 1992-04-09 | 2015-11-30 | Owned | 100
ADL 556968 | Fairbanks Gold Mining, Inc. | GIL 1833 | 40 | 1992-04-14 | 2015-11-30 | Owned | 100
ADL 556969 | Fairbanks Gold Mining, Inc. | GIL 1834 | 40 | 1992-04-14 | 2015-11-30 | Owned | 100
ADL 556970 | Fairbanks Gold Mining, Inc. | LC 1 | 21 | 1992-05-27 | 2015-11-30 | Owned | 100
ADL 556971 | Fairbanks Gold Mining, Inc. | LC 2 | 40 | 1992-05-26 | 2015-11-30 | Owned | 100
ADL 556972 | Fairbanks Gold Mining, Inc. | LC 3 | 40 | 1992-05-20 | 2015-11-30 | Owned | 100
ADL 556973 | Fairbanks Gold Mining, Inc. | LC 4 | 23 | 1992-05-20 | 2015-11-30 | Owned | 100
ADL 556974 | Fairbanks Gold Mining, Inc. | LC 5 | 30 | 1992-05-20 | 2015-11-30 | Owned | 100
ADL 556975 | Fairbanks Gold Mining, Inc. | LC 6 | 4 | 1992-05-20 | 2015-11-30 | Owned | 100
ADL 556976 | Fairbanks Gold Mining, Inc. | LC 7 | 40 | 1992-05-19 | 2015-11-30 | Owned | 100
ADL 556977 | Fairbanks Gold Mining, Inc. | LC 8 | 40 | 1992-06-02 | 2015-11-30 | Owned | 100
ADL 556978 | Fairbanks Gold Mining, Inc. | LC 9 | 40 | 1992-06-02 | 2015-11-30 | Owned | 100
ADL 556979 | Fairbanks Gold Mining, Inc. | LC 10 | 11 | 1992-06-02 | 2015-11-30 | Owned | 100
ADL 556980 | Fairbanks Gold Mining, Inc. | LC 11 | 40 | 1992-05-20 | 2015-11-30 | Owned | 100
ADL 556981 | Fairbanks Gold Mining, Inc. | LC 12 | 40 | 1992-06-02 | 2015-11-30 | Owned | 100
ADL 556982 | Fairbanks Gold Mining, Inc. | LC 13 | 40 | 1992-06-01 | 2015-11-30 | Owned | 100
ADL 556983 | Fairbanks Gold Mining, Inc. | LC 14 | 40 | 1992-06-02 | 2015-11-30 | Owned | 100
ADL 556984 | Fairbanks Gold Mining, Inc. | LC 15 | 40 | 1992-06-02 | 2015-11-30 | Owned | 100
ADL 556985 | Fairbanks Gold Mining, Inc. | LC 16 | 40 | 1992-05-29 | 2015-11-30 | Owned | 100
ADL 556986 | Fairbanks Gold Mining, Inc. | LC 17 | 40 | 1992-05-29 | 2015-11-30 | Owned | 100
ADL 556987 | Fairbanks Gold Mining, Inc. | LC 18 | 40 | 1992-05-28 | 2015-11-30 | Owned | 100
ADL 556988 | Fairbanks Gold Mining, Inc. | LC 19 | 40 | 1992-05-29 | 2015-11-30 | Owned | 100
ADL 556989 | Fairbanks Gold Mining, Inc. | LC 20 | 40 | 1992-05-28 | 2015-11-30 | Owned | 100
ADL 556990 | Fairbanks Gold Mining, Inc. | LC 21 | 40 | 1992-06-02 | 2015-11-30 | Owned | 100
ADL 556991 | Fairbanks Gold Mining, Inc. | LC 22 | 40 | 1992-05-28 | 2015-11-30 | Owned | 100
ADL 556992 | Fairbanks Gold Mining, Inc. | LC 23 | 40 | 1992-06-03 | 2015-11-30 | Owned | 100
ADL 556993 | Fairbanks Gold Mining, Inc. | LC 24 | 27 | 1992-06-03 | 2015-11-30 | Owned | 100
ADL 556994 | Fairbanks Gold Mining, Inc. | LC 25 | 40 | 1992-06-03 | 2015-11-30 | Owned | 100
ADL 556995 | Fairbanks Gold Mining, Inc. | LC 26 | 40 | 1992-06-03 | 2015-11-30 | Owned | 100
ADL 556996 | Fairbanks Gold Mining, Inc. | LC 27 | 40 | 1992-06-04 | 2015-11-30 | Owned | 100
ADL 556997 | Fairbanks Gold Mining, Inc. | LC 28 | 27 | 1992-06-03 | 2015-11-30 | Owned | 100
ADL 556998 | Fairbanks Gold Mining, Inc. | LC 29 | 40 | 1992-06-03 | 2015-11-30 | Owned | 100
ADL 556999 | Fairbanks Gold Mining, Inc. | LC 30 | 40 | 1992-06-04 | 2015-11-30 | Owned | 100
ADL 557000 | Fairbanks Gold Mining, Inc. | LC 31 | 40 | 1992-06-09 | 2015-11-30 | Owned | 100
ADL 557001 | Fairbanks Gold Mining, Inc. | LC 32 | 40 | 1992-06-04 | 2015-11-30 | Owned | 100
ADL 557002 | Fairbanks Gold Mining, Inc. | LC 33 | 40 | 1992-06-04 | 2015-11-30 | Owned | 100
ADL 557003 | Fairbanks Gold Mining, Inc. | LC 34 | 40 | 1992-06-04 | 2015-11-30 | Owned | 100
ADL 557004 | Fairbanks Gold Mining, Inc. | LC 35 | 40 | 1992-06-09 | 2015-11-30 | Owned | 100
ADL 557005 | Fairbanks Gold Mining, Inc. | LC 36 | 40 | 1992-06-04 | 2015-11-30 | Owned | 100
ADL 557006 | Fairbanks Gold Mining, Inc. | LC 37 | 40 | 1992-06-04 | 2015-11-30 | Owned | 100
ADL 557593 | Fairbanks Gold Mining, Inc. | TAT 71 | 40 | 1992-10-11 | 2015-11-30 | Owned | 100
ADL 557594 | Fairbanks Gold Mining, Inc. | TAT 72 | 23 | 1992-10-11 | 2015-11-30 | Owned | 100
ADL 557851 | Fairbanks Gold Mining, Inc. | GIL 927 | 40 | 1992-10-30 | 2015-11-30 | Owned | 100
ADL 557852 | Fairbanks Gold Mining, Inc. | GIL 928 | 40 | 1992-10-30 | 2015-11-30 | Owned | 100
ADL 557853 | Fairbanks Gold Mining, Inc. | GIL 1022 | 40 | 1992-10-28 | 2015-11-30 | Owned | 100
ADL 557854 | Fairbanks Gold Mining, Inc. | GIL 1023 | 40 | 1992-10-28 | 2015-11-30 | Owned | 100
ADL 557855 | Fairbanks Gold Mining, Inc. | GIL 1024 | 40 | 1992-10-28 | 2015-11-30 | Owned | 100
ADL 557856 | Fairbanks Gold Mining, Inc. | GIL 1025 | 40 | 1992-10-28 | 2015-11-30 | Owned | 100
ADL 557857 | Fairbanks Gold Mining, Inc. | GIL 1026 | 40 | 1992-11-11 | 2015-11-30 | Owned | 100
ADL 557858 | Fairbanks Gold Mining, Inc. | GIL 1027 | 40 | 1992-11-12 | 2015-11-30 | Owned | 100
ADL 557859 | Fairbanks Gold Mining, Inc. | GIL 1028 | 40 | 1992-11-12 | 2015-11-30 | Owned | 100
ADL 557860 | Fairbanks Gold Mining, Inc. | GIL 1122 | 40 | 1992-11-04 | 2015-11-30 | Owned | 100
ADL 557861 | Fairbanks Gold Mining, Inc. | GIL 1123 | 40 | 1992-11-04 | 2015-11-30 | Owned | 100
ADL 557862 | Fairbanks Gold Mining, Inc. | GIL 1124 | 40 | 1992-11-04 | 2015-11-30 | Owned | 100

ADL 557863 | Fairbanks Gold Mining, Inc. | GIL 1125 | 40 | 1992-11-04 | 2015-11-30 | Owned | 100
ADL 557864 | Fairbanks Gold Mining, Inc. | GIL 1126 | 40 | 1992-11-04 | 2015-11-30 | Owned | 100
ADL 557865 | Fairbanks Gold Mining, Inc. | GIL 1127 | 40 | 1992-11-04 | 2015-11-30 | Owned | 100
ADL 557866 | Fairbanks Gold Mining, Inc. | GIL 1128 | 40 | 1992-11-04 | 2015-11-30 | Owned | 100
ADL 557867 | Fairbanks Gold Mining, Inc. | GIL 1224 | 40 | 1992-11-10 | 2015-11-30 | Owned | 100

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Case ID | Registered Owners | Claim Name | Area (ac) | Grant Date | Expiry Date | Interest | % Held by FGMI
ADL 557868 | Fairbanks Gold Mining, Inc. | GIL 1225 | 40 | 1992-11-10 | 2015-11-30 | Owned | 100
ADL 557869 | Fairbanks Gold Mining, Inc. | GIL 1226 | 40 | 1992-11-10 | 2015-11-30 | Owned | 100
ADL 557870 | Fairbanks Gold Mining, Inc. | GIL 1227 | 40 | 1992-11-10 | 2015-11-30 | Owned | 100
ADL 557871 | Fairbanks Gold Mining, Inc. | GIL 1228 | 40 | 1992-11-10 | 2015-11-30 | Owned | 100
ADL 557872 | Fairbanks Gold Mining, Inc. | GIL 1325 | 40 | 1992-11-09 | 2015-11-30 | Owned | 100
ADL 557873 | Fairbanks Gold Mining, Inc. | GIL 1326 | 40 | 1992-11-09 | 2015-11-30 | Owned | 100
ADL 557874 | Fairbanks Gold Mining, Inc. | GIL 1327 | 40 | 1992-11-09 | 2015-11-30 | Owned | 100
ADL 557875 | Fairbanks Gold Mining, Inc. | GIL 1328 | 40 | 1992-11-09 | 2015-11-30 | Owned | 100
ADL 557876 | Fairbanks Gold Mining, Inc. | GIL 1426 | 40 | 1992-11-09 | 2015-11-30 | Owned | 100
ADL 557877 | Fairbanks Gold Mining, Inc. | GIL 1427 | 40 | 1992-11-09 | 2015-11-30 | Owned | 100
ADL 557878 | Fairbanks Gold Mining, Inc. | GIL 1428 | 40 | 1992-11-09 | 2015-11-30 | Owned | 100
ADL 557879 | Fairbanks Gold Mining, Inc. | GIL 1825 | 34 | 1992-12-15 | 2015-11-30 | Owned | 100
ADL 557880 | Fairbanks Gold Mining, Inc. | GIL 1920 | 34 | 1992-12-14 | 2015-11-30 | Owned | 100
ADL 557881 | Fairbanks Gold Mining, Inc. | GIL 1921 | 34 | 1992-12-14 | 2015-11-30 | Owned | 100
ADL 557882 | Fairbanks Gold Mining, Inc. | GIL 1922 | 34 | 1992-12-14 | 2015-11-30 | Owned | 100
ADL 557883 | Fairbanks Gold Mining, Inc. | GIL 1923 | 34 | 1992-12-14 | 2015-11-30 | Owned | 100
ADL 557884 | Fairbanks Gold Mining, Inc. | GIL 1924 | 34 | 1992-12-14 | 2015-11-30 | Owned | 100
ADL 557885 | Fairbanks Gold Mining, Inc. | GIL 1925 | 34 | 1992-12-11 | 2015-11-30 | Owned | 100
ADL 557886 | Fairbanks Gold Mining, Inc. | GIL 1930 | 34 | 1992-12-15 | 2015-11-30 | Owned | 100
ADL 557887 | Fairbanks Gold Mining, Inc. | GIL 2024 | 34 | 1992-12-14 | 2015-11-30 | Owned | 100
ADL 557888 | Fairbanks Gold Mining, Inc. | GIL 2025 | 34 | 1992-12-11 | 2015-11-30 | Owned | 100
ADL 557889 | Fairbanks Gold Mining, Inc. | GIL 2026 | 34 | 1992-12-15 | 2015-11-30 | Owned | 100
ADL 557890 | Fairbanks Gold Mining, Inc. | GIL 2027 | 34 | 1992-12-15 | 2015-11-30 | Owned | 100
ADL 557891 | Fairbanks Gold Mining, Inc. | GIL 2028 | 34 | 1992-12-15 | 2015-11-30 | Owned | 100
ADL 557892 | Fairbanks Gold Mining, Inc. | GIL 2029 | 34 | 1992-12-15 | 2015-11-30 | Owned | 100
ADL 557893 | Fairbanks Gold Mining, Inc. | GIL 2030 | 34 | 1992-12-15 | 2015-11-30 | Owned | 100
ADL 557894 | Fairbanks Gold Mining, Inc. | GOODSIGHT FRACTILE | 40 | 1992-11-13 | 2015-11-30 | Owned | 100
ADL 557895 | Fairbanks Gold Mining, Inc. | HIND SIGHT FRACTILE 1A | 40 | 1992-11-13 | 2015-11-30 | Owned | 100
ADL 557896 | Fairbanks Gold Mining, Inc. | HIND SIGHT FRACTILE 2A | 40 | 1992-11-13 | 2015-11-30 | Owned | 100
ADL 557897 | Fairbanks Gold Mining, Inc. | HIND SIGHT FRACTILE 3A | 40 | 1992-11-13 | 2015-11-30 | Owned | 100
ADL 557898 | Fairbanks Gold Mining, Inc. | HIND SIGHT FRACTILE 4A | 40 | 1992-11-13 | 2015-11-30 | Owned | 100
ADL 557964 | Fairbanks Gold Mining, Inc. | DUO 911 FRACTION | 7 | 1993-02-11 | 2015-11-30 | Owned | 100
ADL 557967 | Fairbanks Gold Mining, Inc. | DUO 612 | 7 | 1993-02-17 | 2015-11-30 | Owned | 100
ADL 557968 | Fairbanks Gold Mining, Inc. | DUO 613 | 20 | 1993-02-17 | 2015-11-30 | Owned | 100
ADL 557969 | Fairbanks Gold Mining, Inc. | SLIVER 1 | 40 | 1993-03-02 | 2015-11-30 | Owned | 100
ADL 557970 | Fairbanks Gold Mining, Inc. | SLIVER 2 | 40 | 1993-03-02 | 2015-11-30 | Owned | 100
ADL 557971 | Fairbanks Gold Mining, Inc. | SLIVER 3 | 40 | 1993-03-01 | 2015-11-30 | Owned | 100
ADL 557972 | Fairbanks Gold Mining, Inc. | SLIVER 4 | 40 | 1993-03-02 | 2015-11-30 | Owned | 100
ADL 557973 | Fairbanks Gold Mining, Inc. | SLIVER 5 | 40 | 1993-02-22 | 2015-11-30 | Owned | 100
ADL 557974 | Fairbanks Gold Mining, Inc. | SLIVER 6 | 40 | 1993-03-01 | 2015-11-30 | Owned | 100
ADL 557987 | Fairbanks Gold Mining, Inc. | GIL 1933 | 38 | 1993-04-03 | 2015-11-30 | Owned | 100
ADL 557988 | Fairbanks Gold Mining, Inc. | GIL 1934 | 38 | 1993-04-03 | 2015-11-30 | Owned | 100
ADL 557989 | Fairbanks Gold Mining, Inc. | GIL 1935 | 38 | 1993-04-03 | 2015-11-30 | Owned | 100
ADL 557990 | Fairbanks Gold Mining, Inc. | GIL 1936 | 38 | 1993-04-03 | 2015-11-30 | Owned | 100
ADL 557991 | Fairbanks Gold Mining, Inc. | GIL 2033 | 38 | 1993-04-03 | 2015-11-30 | Owned | 100
ADL 557992 | Fairbanks Gold Mining, Inc. | GIL 2034 | 38 | 1993-04-03 | 2015-11-30 | Owned | 100
ADL 557993 | Fairbanks Gold Mining, Inc. | GIL 2035 | 38 | 1993-04-03 | 2015-11-30 | Owned | 100
ADL 557994 | Fairbanks Gold Mining, Inc. | GIL 2036 | 38 | 1993-04-03 | 2015-11-30 | Owned | 100
ADL 557995 | Fairbanks Gold Mining, Inc. | GIL 2037 | 38 | 1993-04-03 | 2015-11-30 | Owned | 100
ADL 557996 | Fairbanks Gold Mining, Inc. | GIL 2133 | 38 | 1993-04-03 | 2015-11-30 | Owned | 100
ADL 557997 | Fairbanks Gold Mining, Inc. | GIL 2134 | 38 | 1993-04-07 | 2015-11-30 | Owned | 100
ADL 557998 | Fairbanks Gold Mining, Inc. | GIL 2135 | 38 | 1993-04-07 | 2015-11-30 | Owned | 100
ADL 557999 | Fairbanks Gold Mining, Inc. | GIL 2136 | 38 | 1993-04-07 | 2015-11-30 | Owned | 100
ADL 558000 | Fairbanks Gold Mining, Inc. | GIL 2137 | 38 | 1993-04-04 | 2015-11-30 | Owned | 100
ADL 558001 | Fairbanks Gold Mining, Inc. | GIL 2234 | 38 | 1993-04-09 | 2015-11-30 | Owned | 100
ADL 558002 | Fairbanks Gold Mining, Inc. | GIL 2235 | 38 | 1993-04-09 | 2015-11-30 | Owned | 100
ADL 558003 | Fairbanks Gold Mining, Inc. | GIL 2236 | 38 | 1993-04-08 | 2015-11-30 | Owned | 100
ADL 558004 | Fairbanks Gold Mining, Inc. | GIL 2237 | 33 | 1993-04-04 | 2015-11-30 | Owned | 100
ADL 558005 | Fairbanks Gold Mining, Inc. | GIL 2238 | 38 | 1993-04-04 | 2015-11-30 | Owned | 100
ADL 558006 | Fairbanks Gold Mining, Inc. | GIL 2334 | 38 | 1993-04-10 | 2015-11-30 | Owned | 100
ADL 558007 | Fairbanks Gold Mining, Inc. | GIL 2335 | 38 | 1993-04-10 | 2015-11-30 | Owned | 100
ADL 558008 | Fairbanks Gold Mining, Inc. | GIL 2336 | 38 | 1993-04-10 | 2015-11-30 | Owned | 100
ADL 558009 | Fairbanks Gold Mining, Inc. | GIL 2337 | 38 | 1993-04-04 | 2015-11-30 | Owned | 100
ADL 558010 | Fairbanks Gold Mining, Inc. | GIL 2338 | 38 | 1993-04-04 | 2015-11-30 | Owned | 100
ADL 558011 | Fairbanks Gold Mining, Inc. | GIL 2435 | 38 | 1993-04-11 | 2015-11-30 | Owned | 100
ADL 558012 | Fairbanks Gold Mining, Inc. | GIL 2436 | 38 | 1993-04-11 | 2015-11-30 | Owned | 100
ADL 558335 | Fairbanks Gold Mining, Inc. | PHIL 1 | 40 | 1993-08-12 | 2015-11-30 | Owned | 100
ADL 558336 | Fairbanks Gold Mining, Inc. | PHIL 2 | 40 | 1993-08-17 | 2015-11-30 | Owned | 100
ADL 558337 | Fairbanks Gold Mining, Inc. | PHIL 3 | 40 | 1993-08-22 | 2015-11-30 | Owned | 100

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Case ID | Registered Owners | Claim Name | Area (ac) | Grant Date | Expiry Date | Interest | % Held by FGMI
ADL 558338 | Fairbanks Gold Mining, Inc. | PHIL 4 | 40 | 1993-08-22 | 2015-11-30 | Owned | 100
ADL 558339 | Fairbanks Gold Mining, Inc. | PHIL 5 | 40 | 1993-08-22 | 2015-11-30 | Owned | 100
ADL 558340 | Fairbanks Gold Mining, Inc. | PHIL 6 | 40 | 1993-08-12 | 2015-11-30 | Owned | 100
ADL 558341 | Fairbanks Gold Mining, Inc. | PHIL 7 | 40 | 1993-08-17 | 2015-11-30 | Owned | 100
ADL 558342 | Fairbanks Gold Mining, Inc. | PHIL 8 | 40 | 1993-08-23 | 2015-11-30 | Owned | 100
ADL 558343 | Fairbanks Gold Mining, Inc. | PHIL 9 | 40 | 1993-08-26 | 2015-11-30 | Owned | 100
ADL 558344 | Fairbanks Gold Mining, Inc. | PHIL 10 | 40 | 1993-08-26 | 2015-11-30 | Owned | 100
ADL 558345 | Fairbanks Gold Mining, Inc. | PHIL 11 | 40 | 1993-08-12 | 2015-11-30 | Owned | 100
ADL 558346 | Fairbanks Gold Mining, Inc. | PHIL 12 | 40 | 1993-08-17 | 2015-11-30 | Owned | 100
ADL 558347 | Fairbanks Gold Mining, Inc. | PHIL 13 | 40 | 1993-08-23 | 2015-11-30 | Owned | 100
ADL 558348 | Fairbanks Gold Mining, Inc. | PHIL 14 | 40 | 1993-08-26 | 2015-11-30 | Owned | 100
ADL 558349 | Fairbanks Gold Mining, Inc. | PHIL 15 | 40 | 1993-08-30 | 2015-11-30 | Owned | 100
ADL 558350 | Fairbanks Gold Mining, Inc. | PHIL 16 | 30 | 1993-08-12 | 2015-11-30 | Owned | 100
ADL 558351 | Fairbanks Gold Mining, Inc. | PHIL 17 | 40 | 1993-08-17 | 2015-11-30 | Owned | 100
ADL 558352 | Fairbanks Gold Mining, Inc. | PHIL 18 | 40 | 1993-08-25 | 2015-11-30 | Owned | 100
ADL 558353 | Fairbanks Gold Mining, Inc. | PHIL 19 | 40 | 1993-08-30 | 2015-11-30 | Owned | 100
ADL 558354 | Fairbanks Gold Mining, Inc. | PHIL 20 | 40 | 1993-08-30 | 2015-11-30 | Owned | 100
ADL 558355 | Fairbanks Gold Mining, Inc. | PHIL 21 | 40 | 1993-08-12 | 2015-11-30 | Owned | 100
ADL 558356 | Fairbanks Gold Mining, Inc. | PHIL 22 | 40 | 1993-08-17 | 2015-11-30 | Owned | 100
ADL 558357 | Fairbanks Gold Mining, Inc. | PHIL 23 | 40 | 1993-08-25 | 2015-11-30 | Owned | 100
ADL 558358 | Fairbanks Gold Mining, Inc. | PHIL 24 | 40 | 1993-08-30 | 2015-11-30 | Owned | 100
ADL 558359 | Fairbanks Gold Mining, Inc. | PHIL 25 | 40 | 1993-08-30 | 2015-11-30 | Owned | 100
ADL 558360 | Fairbanks Gold Mining, Inc. | PHIL 26 | 40 | 1993-08-12 | 2015-11-30 | Owned | 100
ADL 558361 | Fairbanks Gold Mining, Inc. | PHIL 27 | 40 | 1993-08-17 | 2015-11-30 | Owned | 100
ADL 558362 | Fairbanks Gold Mining, Inc. | PHIL 28 | 40 | 1993-08-25 | 2015-11-30 | Owned | 100
ADL 558363 | Fairbanks Gold Mining, Inc. | PHIL 29 | 40 | 1993-08-30 | 2015-11-30 | Owned | 100
ADL 558364 | Fairbanks Gold Mining, Inc. | PHIL 30 | 40 | 1993-08-30 | 2015-11-30 | Owned | 100
ADL 558528 | Cope Roger C | TN-25 | 40 | 1994-01-06 | 2015-11-30 | Leased | 100
ADL 558529 | Cope Roger C | TN-26 | 40 | 1994-01-06 | 2015-11-30 | Leased | 100
ADL 558530 | Cope Roger C | TN-27 | 40 | 1994-01-04 | 2015-11-30 | Leased | 100
ADL 558531 | Cope Roger C | TN-28 | 40 | 1994-01-04 | 2015-11-30 | Leased | 100
ADL 558532 | Cope Roger C | TN-29 | 40 | 1994-01-05 | 2015-11-30 | Leased | 100
ADL 558533 | Cope Roger C | TN-30 | 40 | 1994-01-05 | 2015-11-30 | Leased | 100
ADL 558534 | Cope Roger C | TN-31 | 40 | 1994-01-04 | 2015-11-30 | Leased | 100
ADL 558535 | Cope Roger C | TN-32 | 40 | 1994-01-05 | 2015-11-30 | Leased | 100
ADL 558536 | Cope Roger C | TN-33 | 40 | 1994-01-04 | 2015-11-30 | Leased | 100
ADL 558537 | Cope Roger C | TN-34 | 40 | 1994-01-07 | 2015-11-30 | Leased | 100
ADL 558538 | Cope Roger C | TN-35 | 40 | 1994-01-04 | 2015-11-30 | Leased | 100
ADL 558539 | Cope Roger C | TN-36 | 40 | 1994-01-04 | 2015-11-30 | Leased | 100
ADL 558540 | Cope Roger C | TN-37 | 40 | 1994-01-04 | 2015-11-30 | Leased | 100
ADL 558541 | Cope Roger C | TN-38 | 40 | 1994-01-04 | 2015-11-30 | Leased | 100
ADL 558542 | Cope Roger C | TN-39 | 40 | 1994-01-05 | 2015-11-30 | Leased | 100
ADL 558543 | Cope Roger C | TN-40 | 40 | 1994-01-05 | 2015-11-30 | Leased | 100
ADL 558544 | Cope Roger C | TN-41 | 40 | 1994-01-05 | 2015-11-30 | Leased | 100
ADL 558545 | Cope Roger C | TN-42 | 40 | 1994-01-04 | 2015-11-30 | Leased | 100
ADL 558546 | Cope Roger C | TN-43 | 40 | 1994-01-04 | 2015-11-30 | Leased | 100
ADL 558547 | Cope Roger C | TN-44 | 15 | 1994-01-06 | 2015-11-30 | Leased | 100
ADL 558548 | Cope Roger C | TN-45 | 15 | 1994-01-06 | 2015-11-30 | Leased | 100
ADL 558549 | Cope Roger C | TN-46 | 15 | 1994-01-06 | 2015-11-30 | Leased | 100
ADL 559011 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 14 | 37 | 1994-06-27 | 2015-11-30 | Owned | 100
ADL 559378 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 17 | 40 | 1994-10-07 | 2015-11-30 | Owned | 100
ADL 559379 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 18 | 40 | 1994-10-07 | 2015-11-30 | Owned | 100
ADL 559380 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 19 | 40 | 1994-10-07 | 2015-11-30 | Owned | 100
ADL 559381 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 20 | 40 | 1994-09-15 | 2015-11-30 | Owned | 100
ADL 559382 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 21 | 40 | 1994-10-01 | 2015-11-30 | Owned | 100
ADL 559383 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 22 | 40 | 1994-10-06 | 2015-11-30 | Owned | 100
ADL 559384 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 23 | 40 | 1994-10-06 | 2015-11-30 | Owned | 100
ADL 559385 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 24 | 27 | 1994-10-06 | 2015-11-30 | Owned | 100
ADL 559386 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 25 | 40 | 1994-10-06 | 2015-11-30 | Owned | 100
ADL 559387 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 26 | 40 | 1994-09-15 | 2015-11-30 | Owned | 100
ADL 559388 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 27 | 40 | 1994-10-01 | 2015-11-30 | Owned | 100
ADL 559389 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 28 | 40 | 1994-10-05 | 2015-11-30 | Owned | 100
ADL 559390 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 29 | 40 | 1994-10-05 | 2015-11-30 | Owned | 100
ADL 559391 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 30 | 40 | 1994-10-05 | 2015-11-30 | Owned | 100
ADL 559392 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 31 | 40 | 1994-10-05 | 2015-11-30 | Owned | 100
ADL 559393 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 32 | 40 | 1994-09-15 | 2015-11-30 | Owned | 100
ADL 559394 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 33 | 40 | 1994-10-01 | 2015-11-30 | Owned | 100
ADL 559395 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 34 | 40 | 1994-09-30 | 2015-11-30 | Owned | 100
ADL 559396 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 35 | 30 | 1994-09-30 | 2015-11-30 | Owned | 100

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Case ID | Registered Owners | Claim Name | Area (ac) | Grant Date | Expiry Date | Interest | % Held by FGMI
ADL 559397 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 36 | 40 | 1994-09-30 | 2015-11-30 | Owned | 100
ADL 559398 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 37 | 40 | 1994-09-30 | 2015-11-30 | Owned | 100
ADL 559399 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 38 | 40 | 1994-09-15 | 2015-11-30 | Owned | 100
ADL 559400 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 39 | 40 | 1994-09-27 | 2015-11-30 | Owned | 100
ADL 559401 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 40 | 40 | 1994-09-27 | 2015-11-30 | Owned | 100
ADL 559402 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 41 | 40 | 1994-10-02 | 2015-11-30 | Owned | 100
ADL 559403 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 42 | 12 | 1994-10-02 | 2015-11-30 | Owned | 100
ADL 559404 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 43 | 40 | 1994-11-03 | 2015-11-30 | Owned | 100
ADL 559405 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 44 | 40 | 1994-11-04 | 2015-11-30 | Owned | 100
ADL 559406 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 50 | 10 | 1994-10-28 | 2015-11-30 | Owned | 100
ADL 559407 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 51 | 40 | 1994-11-03 | 2015-11-30 | Owned | 100
ADL 559408 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 52 | 40 | 1994-11-04 | 2015-11-30 | Owned | 100
ADL 559409 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 55 | 5 | 1994-10-28 | 2015-11-30 | Owned | 100
ADL 559410 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 56 | 40 | 1994-11-02 | 2015-11-30 | Owned | 100
ADL 559411 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 57 | 40 | 1994-11-04 | 2015-11-30 | Owned | 100
ADL 559412 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 61 | 11 | 1994-10-28 | 2015-11-30 | Owned | 100
ADL 559413 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 62 | 40 | 1994-11-02 | 2015-11-30 | Owned | 100
ADL 559414 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 63 | 40 | 1994-11-04 | 2015-11-30 | Owned | 100
ADL 559415 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 64 | 40 | 1994-11-14 | 2015-11-30 | Owned | 100
ADL 559416 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 65 | 40 | 1994-11-25 | 2015-11-30 | Owned | 100
ADL 559417 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 66 | 40 | 1994-11-26 | 2015-11-30 | Owned | 100
ADL 559418 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 68 | 11 | 1994-11-02 | 2015-11-30 | Owned | 100
ADL 559419 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 69 | 40 | 1994-11-03 | 2015-11-30 | Owned | 100
ADL 559420 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 70 | 40 | 1994-11-12 | 2015-11-30 | Owned | 100
ADL 559421 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 71 | 40 | 1994-11-15 | 2015-11-30 | Owned | 100
ADL 559422 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 80 | 40 | 1994-11-02 | 2015-11-30 | Owned | 100
ADL 559423 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 81 | 40 | 1994-11-03 | 2015-11-30 | Owned | 100
ADL 559424 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 82 | 40 | 1994-11-14 | 2015-11-30 | Owned | 100
ADL 559425 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 83 | 40 | 1994-11-23 | 2015-11-30 | Owned | 100
ADL 559426 | Fairbanks Gold Mining, Inc. | South Slope 92 | 12 |  | 2015-11-30 | Owned | 100
ADL 559427 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 93 | 40 | 1994-10-13 | 2015-11-30 | Owned | 100
ADL 559428 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 94 | 40 | 1994-10-13 | 2015-11-30 | Owned | 100
ADL 559429 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 95 | 40 | 1994-10-13 | 2015-11-30 | Owned | 100
ADL 559430 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 96 | 40 | 1994-10-11 | 2015-11-30 | Owned | 100
ADL 559431 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 97 | 40 | 1994-10-12 | 2015-11-30 | Owned | 100
ADL 559432 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 98 | 40 | 1994-10-07 | 2015-11-30 | Owned | 100
ADL 559433 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 99 | 40 | 1994-10-07 | 2015-11-30 | Owned | 100
ADL 559434 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 100 | 40 | 1994-10-07 | 2015-11-30 | Owned | 100
ADL 559435 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 101 | 40 | 1994-10-07 | 2015-11-30 | Owned | 100
ADL 559445 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 131A | 12 | 1994-10-12 | 2015-11-30 | Owned | 100
ADL 559446 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 131 | 40 | 1994-10-03 | 2015-11-30 | Owned | 100
ADL 559447 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 132 | 40 | 1994-10-03 | 2015-11-30 | Owned | 100
ADL 559448 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 133 | 40 | 1994-10-03 | 2015-11-30 | Owned | 100
ADL 559449 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 134 | 40 | 1994-10-03 | 2015-11-30 | Owned | 100
ADL 559454 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 139 | 40 | 1994-09-30 | 2015-11-30 | Owned | 100
ADL 559459 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 144 | 40 | 1994-09-30 | 2015-11-30 | Owned | 100
ADL 559460 | Fairbanks Gold Mining, Inc. | JJP 31 | 22 |  | 2015-11-30 | Owned | 100
ADL 559461 | Fairbanks Gold Mining, Inc. | JJP 32 | 39 |  | 2015-11-30 | Owned | 100
ADL 559462 | Fairbanks Gold Mining, Inc. | JJP 33 | 36 |  | 2015-11-30 | Owned | 100
ADL 559463 | Fairbanks Gold Mining, Inc. | JJP 500A | 1 |  | 2015-11-30 | Owned | 100
ADL 559738 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 45 | 40 | 1994-12-13 | 2015-11-30 | Owned | 100
ADL 559739 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 46 | 40 | 1995-01-10 | 2015-11-30 | Owned | 100
ADL 559740 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 47 | 20 | 1994-12-12 | 2015-11-30 | Owned | 100
ADL 559741 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 48 | 15 | 1994-12-09 | 2015-11-30 | Owned | 100
ADL 559742 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 49 | 8 | 1994-12-09 | 2015-11-30 | Owned | 100
ADL 559743 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 53 | 40 | 1994-12-13 | 2015-11-30 | Owned | 100
ADL 559744 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 54 | 40 | 1994-12-22 | 2015-11-30 | Owned | 100
ADL 559745 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 58 | 40 | 1994-12-13 | 2015-11-30 | Owned | 100
ADL 559746 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 59 | 40 | 1994-12-22 | 2015-11-30 | Owned | 100
ADL 559747 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 60 | 40 | 1995-01-20 | 2015-11-30 | Owned | 100
ADL 559748 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 67 | 40 | 1995-01-17 | 2015-11-30 | Owned | 100
ADL 559749 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 72 | 40 | 1994-12-21 | 2015-11-30 | Owned | 100
ADL 559750 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 73 | 40 | 1995-01-17 | 2015-11-30 | Owned | 100
ADL 559751 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 74 | 40 | 1995-01-17 | 2015-11-30 | Owned | 100
ADL 559752 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 75 | 40 | 1995-01-18 | 2015-11-30 | Owned | 100
ADL 559753 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 76 | 12 | 1995-01-18 | 2015-11-30 | Owned | 100
ADL 559754 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 77 | 40 | 1995-01-21 | 2015-11-30 | Owned | 100
ADL 559755 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 78 | 40 | 1995-01-30 | 2015-11-30 | Owned | 100
ADL 559756 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 79 | 40 | 1995-01-30 | 2015-11-30 | Owned | 100

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Case ID | Registered Owners | Claim Name | Area (ac) | Grant Date | Expiry Date | Interest | % Held by FGMI
ADL 559757 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 84 | 40 | 1994-12-20 | 2015-11-30 | Owned | 100
ADL 559758 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 85 | 40 | 1995-01-17 | 2015-11-30 | Owned | 100
ADL 559759 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 86 | 40 | 1995-01-18 | 2015-11-30 | Owned | 100
ADL 559760 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 87 | 40 | 1995-01-19 | 2015-11-30 | Owned | 100
ADL 559761 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 88 | 40 | 1995-01-19 | 2015-11-30 | Owned | 100
ADL 559762 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 89 | 40 | 1995-01-26 | 2015-11-30 | Owned | 100
ADL 559763 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 90 | 40 | 1995-02-01 | 2015-11-30 | Owned | 100
ADL 559764 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 91 | 40 | 1995-02-01 | 2015-11-30 | Owned | 100
ADL 559765 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 102 | 40 | 1995-02-11 | 2015-11-30 | Owned | 100
ADL 559766 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 103 | 40 | 1995-02-11 | 2015-11-30 | Owned | 100
ADL 559767 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 104 | 40 | 1995-02-09 | 2015-11-30 | Owned | 100
ADL 559768 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 109 | 40 | 1995-02-11 | 2015-11-30 | Owned | 100
ADL 559769 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 110 | 40 | 1995-02-15 | 2015-11-30 | Owned | 100
ADL 559770 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 111 | 40 | 1995-02-15 | 2015-11-30 | Owned | 100
ADL 559771 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 112 | 40 | 1995-02-15 | 2015-11-30 | Owned | 100
ADL 559772 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 113 | 40 | 1995-02-16 | 2015-11-30 | Owned | 100
ADL 559773 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 117 | 40 | 1995-03-03 | 2015-11-30 | Owned | 100
ADL 559774 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 118 | 40 | 1995-03-03 | 2015-11-30 | Owned | 100
ADL 559775 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 119 | 40 | 1995-03-03 | 2015-11-30 | Owned | 100
ADL 559776 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 120 | 40 | 1995-03-01 | 2015-11-30 | Owned | 100
ADL 559777 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 121 | 40 | 1995-03-01 | 2015-11-30 | Owned | 100
ADL 559778 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 122 | 40 | 1995-02-16 | 2015-11-30 | Owned | 100
ADL 559779 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 125 | 40 | 1995-02-03 | 2015-11-30 | Owned | 100
ADL 559780 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 126 | 40 | 1995-02-03 | 2015-11-30 | Owned | 100
ADL 559781 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 127 | 40 | 1995-02-01 | 2015-11-30 | Owned | 100
ADL 559782 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 128 | 40 | 1995-02-02 | 2015-11-30 | Owned | 100
ADL 559783 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 129 | 40 | 1995-02-02 | 2015-11-30 | Owned | 100
ADL 559784 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 130 | 40 | 1995-02-02 | 2015-11-30 | Owned | 100
ADL 559785 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 135 | 40 | 1995-02-04 | 2015-11-30 | Owned | 100
ADL 559786 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 140 | 40 | 1995-02-04 | 2015-11-30 | Owned | 100
ADL 559787 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 145 | 40 | 1995-02-04 | 2015-11-30 | Owned | 100
ADL 570190 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 146 | 40 | 1995-05-27 | 2015-11-30 | Owned | 100
ADL 570191 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 147 | 40 | 1995-05-27 | 2015-11-30 | Owned | 100
ADL 570192 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 148 | 40 | 1995-05-27 | 2015-11-30 | Owned | 100
ADL 570193 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 149 | 40 | 1995-05-27 | 2015-11-30 | Owned | 100
ADL 570194 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 150 | 40 | 1995-05-27 | 2015-11-30 | Owned | 100
ADL 570195 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 151 | 40 | 1995-05-30 | 2015-11-30 | Owned | 100
ADL 570196 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 152 | 40 | 1995-05-30 | 2015-11-30 | Owned | 100
ADL 570197 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 153 | 40 | 1995-05-23 | 2015-11-30 | Owned | 100
ADL 570198 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 154 | 40 | 1995-05-23 | 2015-11-30 | Owned | 100
ADL 570199 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 155 | 40 | 1995-05-23 | 2015-11-30 | Owned | 100
ADL 570200 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 156 | 40 | 1995-05-23 | 2015-11-30 | Owned | 100
ADL 570202 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 158 | 40 | 1995-05-25 | 2015-11-30 | Owned | 100
ADL 570203 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 159 | 40 | 1995-05-25 | 2015-11-30 | Owned | 100
ADL 570204 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 160 | 40 | 1995-05-19 | 2015-11-30 | Owned | 100
ADL 570205 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 161 | 40 | 1995-05-19 | 2015-11-30 | Owned | 100
ADL 570206 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 162 | 40 | 1995-05-19 | 2015-11-30 | Owned | 100
ADL 570207 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 163 | 40 | 1995-05-19 | 2015-11-30 | Owned | 100
ADL 570208 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 164 | 40 | 1995-05-19 | 2015-11-30 | Owned | 100
ADL 570209 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 165 | 40 | 1995-05-19 | 2015-11-30 | Owned | 100
ADL 570210 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 166 | 40 | 1995-05-19 | 2015-11-30 | Owned | 100
ADL 570211 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 167 | 40 | 1995-04-01 | 2015-11-30 | Owned | 100
ADL 570212 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 168 | 40 | 1995-04-01 | 2015-11-30 | Owned | 100
ADL 570213 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 169 | 40 | 1995-04-02 | 2015-11-30 | Owned | 100
ADL 570216 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 172 | 40 | 1995-05-20 | 2015-11-30 | Owned | 100
ADL 570217 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 173 | 40 | 1995-05-20 | 2015-11-30 | Owned | 100
ADL 570218 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 174 | 40 | 1995-03-07 | 2015-11-30 | Owned | 100
ADL 570219 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 175 | 40 | 1995-03-07 | 2015-11-30 | Owned | 100
ADL 570220 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 176 | 40 | 1995-03-29 | 2015-11-30 | Owned | 100
ADL 570221 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 177 | 40 | 1995-03-29 | 2015-11-30 | Owned | 100
ADL 570222 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 178 | 40 | 1995-03-25 | 2015-11-30 | Owned | 100
ADL 570223 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 179 | 40 | 1995-03-25 | 2015-11-30 | Owned | 100
ADL 570224 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 180 | 40 | 1995-03-25 | 2015-11-30 | Owned | 100
ADL 570225 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 181 | 40 | 1995-03-25 | 2015-11-30 | Owned | 100
ADL 570226 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 182 | 40 | 1995-03-25 | 2015-11-30 | Owned | 100
ADL 570227 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 183 | 40 | 1995-03-24 | 2015-11-30 | Owned | 100
ADL 570228 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 184 | 40 | 1995-03-24 | 2015-11-30 | Owned | 100
ADL 570229 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 185 | 40 | 1995-03-24 | 2015-11-30 | Owned | 100
ADL 570230 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 195 | 40 | 1995-03-18 | 2015-11-30 | Owned | 100

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Case ID | Registered Owners | Claim Name | Area (ac) | Grant Date | Expiry Date | Interest | % Held by FGMI
ADL 570231 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 196 | 40 | 1995-03-18 | 2015-11-30 | Owned | 100
ADL 570232 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 197 | 40 | 1995-03-18 | 2015-11-30 | Owned | 100
ADL 570233 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 198 | 40 | 1995-03-18 | 2015-11-30 | Owned | 100
ADL 570234 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 199 | 40 | 1995-03-18 | 2015-11-30 | Owned | 100
ADL 570235 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 200 | 40 | 1995-03-23 | 2015-11-30 | Owned | 100
ADL 570236 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 201 | 40 | 1995-03-23 | 2015-11-30 | Owned | 100
ADL 570237 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 202 | 40 | 1995-03-23 | 2015-11-30 | Owned | 100
ADL 570238 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 203 | 40 | 1995-03-23 | 2015-11-30 | Owned | 100
ADL 570239 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 204 | 40 | 1995-03-23 | 2015-11-30 | Owned | 100
ADL 570240 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 205 | 40 | 1995-03-24 | 2015-11-30 | Owned | 100
ADL 570241 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 206 | 40 | 1995-03-24 | 2015-11-30 | Owned | 100
ADL 570242 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 216 | 40 | 1995-03-10 | 2015-11-30 | Owned | 100
ADL 570243 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 217 | 40 | 1995-03-10 | 2015-11-30 | Owned | 100
ADL 570244 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 218 | 40 | 1995-03-10 | 2015-11-30 | Owned | 100
ADL 570245 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 219 | 40 | 1995-03-16 | 2015-11-30 | Owned | 100
ADL 570246 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 220 | 40 | 1995-03-16 | 2015-11-30 | Owned | 100
ADL 570247 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 221 | 40 | 1995-03-16 | 2015-11-30 | Owned | 100
ADL 570248 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 222 | 40 | 1995-03-17 | 2015-11-30 | Owned | 100
ADL 570249 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 223 | 40 | 1995-03-17 | 2015-11-30 | Owned | 100
ADL 570250 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 224 | 40 | 1995-03-17 | 2015-11-30 | Owned | 100
ADL 570251 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 225 | 40 | 1995-03-17 | 2015-11-30 | Owned | 100
ADL 570252 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 226 | 40 | 1995-03-17 | 2015-11-30 | Owned | 100
ADL 570253 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 236 | 40 | 1995-03-08 | 2015-11-30 | Owned | 100
ADL 570254 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 237 | 40 | 1995-03-08 | 2015-11-30 | Owned | 100
ADL 570255 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 238 | 40 | 1995-03-08 | 2015-11-30 | Owned | 100
ADL 570256 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 239 | 40 | 1995-03-08 | 2015-11-30 | Owned | 100
ADL 570257 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 240 | 40 | 1995-03-08 | 2015-11-30 | Owned | 100
ADL 570258 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 241 | 40 | 1995-03-08 | 2015-11-30 | Owned | 100
ADL 571784 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 207 | 40 | 1996-04-26 | 2015-11-30 | Owned | 100
ADL 571785 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 208 | 40 | 1996-04-26 | 2015-11-30 | Owned | 100
ADL 571786 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 209 | 40 | 1996-04-21 | 2015-11-30 | Owned | 100
ADL 571787 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 210 | 40 | 1996-04-21 | 2015-11-30 | Owned | 100
ADL 571788 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 211 | 40 | 1996-04-21 | 2015-11-30 | Owned | 100
ADL 571789 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 212 | 40 | 1996-03-19 | 2015-11-30 | Owned | 100
ADL 571790 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 213 | 40 | 1996-03-19 | 2015-11-30 | Owned | 100
ADL 571791 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 227 | 30 | 1996-04-26 | 2015-11-30 | Owned | 100
ADL 571792 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 228 | 40 | 1996-04-19 | 2015-11-30 | Owned | 100
ADL 571793 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 229 | 40 | 1996-04-19 | 2015-11-30 | Owned | 100
ADL 571794 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 230 | 40 | 1996-04-19 | 2015-11-30 | Owned | 100
ADL 571795 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 231 | 40 | 1996-04-14 | 2015-11-30 | Owned | 100
ADL 571796 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 232 | 40 | 1996-04-17 | 2015-11-30 | Owned | 100
ADL 571797 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 233 | 40 | 1996-04-17 | 2015-11-30 | Owned | 100
ADL 571798 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 234 | 40 | 1996-03-21 | 2015-11-30 | Owned | 100
ADL 571799 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 235 | 40 | 1996-03-21 | 2015-11-30 | Owned | 100
ADL 571800 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 242 | 40 | 1996-04-14 | 2015-11-30 | Owned | 100
ADL 571801 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 243 | 40 | 1996-04-14 | 2015-11-30 | Owned | 100
ADL 571802 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 244 | 40 | 1996-03-21 | 2015-11-30 | Owned | 100
ADL 571803 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 245 | 40 | 1996-03-21 | 2015-11-30 | Owned | 100
ADL 571804 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 246 | 40 | 1996-04-13 | 2015-11-30 | Owned | 100
ADL 571805 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 247 | 40 | 1996-04-13 | 2015-11-30 | Owned | 100
ADL 571806 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 248 | 40 | 1996-04-17 | 2015-11-30 | Owned | 100
ADL 571807 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 249 | 40 | 1996-03-20 | 2015-11-30 | Owned | 100
ADL 571808 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 250 | 40 | 1996-04-12 | 2015-11-30 | Owned | 100
ADL 571809 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 251 | 40 | 1996-04-12 | 2015-11-30 | Owned | 100
ADL 571810 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 252 | 40 | 1996-03-20 | 2015-11-30 | Owned | 100
ADL 571811 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 253 | 40 | 1996-03-20 | 2015-11-30 | Owned | 100
ADL 571812 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 254 | 40 | 1996-04-11 | 2015-11-30 | Owned | 100
ADL 571813 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 255 | 40 | 1996-04-11 | 2015-11-30 | Owned | 100
ADL 571814 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 256 | 40 | 1996-04-11 | 2015-11-30 | Owned | 100
ADL 571815 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 257 | 40 | 1996-04-11 | 2015-11-30 | Owned | 100
ADL 571821 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 258 | 40 | 1996-03-22 | 2015-11-30 | Owned | 100
ADL 571822 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 259 | 40 | 1996-04-02 | 2015-11-30 | Owned | 100
ADL 571823 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 260 | 40 | 1996-04-02 | 2015-11-30 | Owned | 100
ADL 571824 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 261 | 40 | 1996-04-02 | 2015-11-30 | Owned | 100
ADL 571825 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 262 | 40 | 1996-04-02 | 2015-11-30 | Owned | 100
ADL 571826 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 263 | 40 | 1996-03-22 | 2015-11-30 | Owned | 100
ADL 571827 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 264 | 40 | 1996-04-01 | 2015-11-30 | Owned | 100
ADL 571828 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 265 | 40 | 1996-04-01 | 2015-11-30 | Owned | 100
ADL 571829 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 266 | 40 | 1996-04-01 | 2015-11-30 | Owned | 100

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Case ID | Registered Owners | Claim Name | Area (ac) | Grant Date | Expiry Date | Interest | % Held by FGMI
ADL 571830 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 267 | 40 | 1996-04-10 | 2015-11-30 | Owned | 100
ADL 571831 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 268 | 40 | 1996-04-10 | 2015-11-30 | Owned | 100
ADL 571832 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 269 | 40 | 1996-03-22 | 2015-11-30 | Owned | 100
ADL 571833 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 270 | 40 | 1996-04-08 | 2015-11-30 | Owned | 100
ADL 571834 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 271 | 40 | 1996-04-08 | 2015-11-30 | Owned | 100
ADL 571835 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 272 | 40 | 1996-04-08 | 2015-11-30 | Owned | 100
ADL 571836 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 273 | 40 | 1996-04-08 | 2015-11-30 | Owned | 100
ADL 571837 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 274 | 40 | 1996-04-08 | 2015-11-30 | Owned | 100
ADL 571838 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 275 | 40 | 1996-03-25 | 2015-11-30 | Owned | 100
ADL 571839 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 276 | 40 | 1996-04-06 | 2015-11-30 | Owned | 100
ADL 571840 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 277 | 40 | 1996-04-06 | 2015-11-30 | Owned | 100
ADL 571841 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 278 | 40 | 1996-04-06 | 2015-11-30 | Owned | 100
ADL 571842 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 279 | 42 | 1996-04-06 | 2015-11-30 | Owned | 100
ADL 571843 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 280 | 40 | 1996-04-06 | 2015-11-30 | Owned | 100
ADL 571844 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 281 | 40 | 1996-04-06 | 2015-11-30 | Owned | 100
ADL 571845 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 282 | 40 | 1996-03-29 | 2015-11-30 | Owned | 100
ADL 571846 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 283 | 40 | 1996-03-29 | 2015-11-30 | Owned | 100
ADL 571847 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 284 | 40 | 1996-03-29 | 2015-11-30 | Owned | 100
ADL 571848 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 285 | 40 | 1996-04-05 | 2015-11-30 | Owned | 100
ADL 571849 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 286 | 40 | 1996-04-07 | 2015-11-30 | Owned | 100
ADL 571850 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 287 | 40 | 1996-03-25 | 2015-11-30 | Owned | 100
ADL 571851 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 288 | 40 | 1996-04-03 | 2015-11-30 | Owned | 100
ADL 571852 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 289 | 40 | 1996-04-03 | 2015-11-30 | Owned | 100
ADL 571853 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 290 | 40 | 1996-04-03 | 2015-11-30 | Owned | 100
ADL 571854 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 291 | 40 | 1996-04-03 | 2015-11-30 | Owned | 100
ADL 571855 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 292 | 40 | 1996-04-03 | 2015-11-30 | Owned | 100
ADL 571856 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 293 | 40 | 1996-03-25 | 2015-11-30 | Owned | 100
ADL 571857 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 294 | 40 | 1996-04-10 | 2015-11-30 | Owned | 100
ADL 571858 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 295 | 40 | 1996-04-10 | 2015-11-30 | Owned | 100
ADL 571859 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 296 | 40 | 1996-04-10 | 2015-11-30 | Owned | 100
ADL 571860 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 297 | 40 | 1996-03-26 | 2015-11-30 | Owned | 100
ADL 571861 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 298 | 40 | 1996-03-16 | 2015-11-30 | Owned | 100
ADL 571862 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 299 | 40 | 1996-03-16 | 2015-11-30 | Owned | 100
ADL 571863 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 300 | 40 | 1996-03-26 | 2015-11-30 | Owned | 100
ADL 571864 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 306 | 40 | 1996-03-30 | 2015-11-30 | Owned | 100
ADL 571865 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 307 | 40 | 1996-03-27 | 2015-11-30 | Owned | 100
ADL 571866 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 308 | 40 | 1996-03-30 | 2015-11-30 | Owned | 100
ADL 571867 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 309 | 40 | 1996-03-30 | 2015-11-30 | Owned | 100
ADL 571868 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 310 | 40 | 1996-03-27 | 2015-11-30 | Owned | 100
ADL 571869 | Fairbanks Gold Mining, Inc. | EAST SLOPE 2 | 40 | 1996-03-19 | 2015-11-30 | Owned | 100
ADL 571870 | Fairbanks Gold Mining, Inc. | EAST SLOPE 3 | 40 | 1996-03-19 | 2015-11-30 | Owned | 100
ADL 571871 | Fairbanks Gold Mining, Inc. | EAST SLOPE 4 | 40 | 1996-03-19 | 2015-11-30 | Owned | 100
ADL 571872 | Fairbanks Gold Mining, Inc. | EAST SLOPE 5 | 40 | 1996-03-19 | 2015-11-30 | Owned | 100
ADL 571873 | Fairbanks Gold Mining, Inc. | EAST SLOPE 6 | 40 | 1996-03-20 | 2015-11-30 | Owned | 100
ADL 571874 | Fairbanks Gold Mining, Inc. | EAST SLOPE 7 | 40 | 1996-03-22 | 2015-11-30 | Owned | 100
ADL 571875 | Fairbanks Gold Mining, Inc. | EAST SLOPE 8 | 40 | 1996-03-22 | 2015-11-30 | Owned | 100
ADL 571876 | Fairbanks Gold Mining, Inc. | EAST SLOPE 9 | 40 | 1996-03-25 | 2015-11-30 | Owned | 100
ADL 571877 | Fairbanks Gold Mining, Inc. | EAST SLOPE 10 | 40 | 1996-03-25 | 2015-11-30 | Owned | 100
ADL 571878 | Fairbanks Gold Mining, Inc. | EAST SLOPE 11 | 40 | 1996-03-25 | 2015-11-30 | Owned | 100
ADL 571879 | Fairbanks Gold Mining, Inc. | EAST SLOPE 12 | 40 | 1996-03-25 | 2015-11-30 | Owned | 100
ADL 571880 | Fairbanks Gold Mining, Inc. | EAST SLOPE 13 | 40 | 1996-03-26 | 2015-11-30 | Owned | 100
ADL 571881 | Fairbanks Gold Mining, Inc. | EAST SLOPE 14 | 40 | 1996-03-26 | 2015-11-30 | Owned | 100
ADL 571882 | Fairbanks Gold Mining, Inc. | EAST SLOPE 15 | 40 | 1996-03-26 | 2015-11-30 | Owned | 100
ADL 571883 | Fairbanks Gold Mining, Inc. | EAST SLOPE 16 | 40 | 1996-03-27 | 2015-11-30 | Owned | 100
ADL 571884 | Fairbanks Gold Mining, Inc. | EAST SLOPE 17 | 40 | 1996-03-27 | 2015-11-30 | Owned | 100
ADL 572615 | Fairbanks Gold Mining, Inc. | PHILBERT 1 | 40 | 1996-08-06 | 2015-11-30 | Owned | 100
ADL 572616 | Fairbanks Gold Mining, Inc. | PHILBERT 2 | 40 | 1996-08-06 | 2015-11-30 | Owned | 100
ADL 572617 | Fairbanks Gold Mining, Inc. | PHILBERT 3 | 40 | 1996-08-05 | 2015-11-30 | Owned | 100
ADL 572618 | Fairbanks Gold Mining, Inc. | PHILBERT 4 | 25 | 1996-07-31 | 2015-11-30 | Owned | 100
ADL 572619 | Fairbanks Gold Mining, Inc. | PHILBERT 5 | 40 | 1996-08-08 | 2015-11-30 | Owned | 100
ADL 572620 | Fairbanks Gold Mining, Inc. | PHILBERT 6 | 40 | 1996-08-08 | 2015-11-30 | Owned | 100
ADL 572621 | Fairbanks Gold Mining, Inc. | PHILBERT 7 | 40 | 1996-08-08 | 2015-11-30 | Owned | 100
ADL 572622 | Fairbanks Gold Mining, Inc. | PHILBERT 8 | 25 | 1996-07-31 | 2015-11-30 | Owned | 100
ADL 572623 | Fairbanks Gold Mining, Inc. | PHILBERT 9 | 40 | 1996-08-14 | 2015-11-30 | Owned | 100
ADL 572624 | Fairbanks Gold Mining, Inc. | PHILBERT 10 | 40 | 1996-08-14 | 2015-11-30 | Owned | 100
ADL 572625 | Fairbanks Gold Mining, Inc. | PHILBERT 11 | 40 | 1996-08-14 | 2015-11-30 | Owned | 100
ADL 572626 | Fairbanks Gold Mining, Inc. | PHILBERT 12 | 20 | 1996-07-31 | 2015-11-30 | Owned | 100
ADL 572627 | Fairbanks Gold Mining, Inc. | PHILBERT 13 | 40 | 1996-08-13 | 2015-11-30 | Owned | 100
ADL 572628 | Fairbanks Gold Mining, Inc. | PHILBERT 14 | 40 | 1996-08-13 | 2015-11-30 | Owned | 100

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Case ID | Registered Owners | Claim Name | Area (ac) | Grant Date | Expiry Date | Interest | % Held by FGMI
ADL 572629 | Fairbanks Gold Mining, Inc. | PHILBERT 15 | 40 | 1996-08-13 | 2015-11-30 | Owned | 100
ADL 572630 | Fairbanks Gold Mining, Inc. | PHILBERT 16 | 40 | 1996-07-28 | 2015-11-30 | Owned | 100
ADL 572631 | Fairbanks Gold Mining, Inc. | PHILBERT 17 | 40 | 1996-07-26 | 2015-11-30 | Owned | 100
ADL 572632 | Fairbanks Gold Mining, Inc. | PHILBERT 18 | 40 | 1996-07-26 | 2015-11-30 | Owned | 100
ADL 572633 | Fairbanks Gold Mining, Inc. | PHILBERT 19 | 40 | 1996-07-26 | 2015-11-30 | Owned | 100
ADL 572634 | Fairbanks Gold Mining, Inc. | PHILBERT 20 | 40 | 1996-07-28 | 2015-11-30 | Owned | 100
ADL 572635 | Fairbanks Gold Mining, Inc. | PHILBERT 21 | 40 | 1996-07-24 | 2015-11-30 | Owned | 100
ADL 572636 | Fairbanks Gold Mining, Inc. | PHILBERT 22 | 40 | 1996-07-20 | 2015-11-30 | Owned | 100
ADL 572637 | Fairbanks Gold Mining, Inc. | PHILBERT 23 | 40 | 1996-07-23 | 2015-11-30 | Owned | 100
ADL 572638 | Fairbanks Gold Mining, Inc. | PHILBERT 24 | 40 | 1996-07-17 | 2015-11-30 | Owned | 100
ADL 572639 | Fairbanks Gold Mining, Inc. | PHILBERT 25 | 40 | 1996-07-22 | 2015-11-30 | Owned | 100
ADL 572640 | Fairbanks Gold Mining, Inc. | PHILBERT 26 | 40 | 1996-07-17 | 2015-11-30 | Owned | 100
ADL 572641 | Fairbanks Gold Mining, Inc. | PHILBERT 27 | 40 | 1996-07-18 | 2015-11-30 | Owned | 100
ADL 572642 | Fairbanks Gold Mining, Inc. | PHILBERT 28 | 40 | 1996-07-16 | 2015-11-30 | Owned | 100
ADL 572643 | Fairbanks Gold Mining, Inc. | PHILBERT 29 | 40 | 1996-07-11 | 2015-11-30 | Owned | 100
ADL 572644 | Fairbanks Gold Mining, Inc. | PHILBERT 30 | 40 | 1996-07-11 | 2015-11-30 | Owned | 100
ADL 572645 | Fairbanks Gold Mining, Inc. | PHILBERT 31 | 40 | 1996-07-12 | 2015-11-30 | Owned | 100
ADL 572646 | Fairbanks Gold Mining, Inc. | PHILBERT 32 | 40 | 1996-07-13 | 2015-11-30 | Owned | 100
ADL 573099 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 157 | 40 | 1996-10-21 | 2015-11-30 | Owned | 100
ADL 573100 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 170 | 40 | 1996-10-21 | 2015-11-30 | Owned | 100
ADL 573101 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 171 | 40 | 1996-10-21 | 2015-11-30 | Owned | 100
ADL 573102 | Fairbanks Gold Mining, Inc. | EAST SLOPE 1 | 40 | 1996-10-21 | 2015-11-30 | Owned | 100
ADL 573103 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 186 | 40 | 1996-09-25 | 2015-11-30 | Owned | 100
ADL 573104 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 187 | 40 | 1996-09-25 | 2015-11-30 | Owned | 100
ADL 573105 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 188 | 40 | 1996-09-25 | 2015-11-30 | Owned | 100
ADL 573106 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 189 | 40 | 1996-09-25 | 2015-11-30 | Owned | 100
ADL 573107 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 190 | 40 | 1996-09-25 | 2015-11-30 | Owned | 100
ADL 573108 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 191 | 40 | 1996-09-25 | 2015-11-30 | Owned | 100
ADL 573109 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 192 | 40 | 1996-09-25 | 2015-11-30 | Owned | 100
ADL 573110 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 193 | 40 | 1996-09-25 | 2015-11-30 | Owned | 100
ADL 573111 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 194 | 40 | 1996-09-25 | 2015-11-30 | Owned | 100
ADL 573112 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 214 | 40 | 1996-09-25 | 2015-11-30 | Owned | 100
ADL 573113 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 215 | 40 | 1996-09-25 | 2015-11-30 | Owned | 100
ADL 573114 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 301 | 40 | 1996-09-25 | 2015-11-30 | Owned | 100
ADL 573115 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 302 | 40 | 1996-09-25 | 2015-11-30 | Owned | 100
ADL 573116 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 303 | 40 | 1996-09-25 | 2015-11-30 | Owned | 100
ADL 573117 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 304 | 40 | 1996-09-25 | 2015-11-30 | Owned | 100
ADL 573118 | Fairbanks Gold Mining, Inc. | SOUTH SLOPE 305 | 40 | 1996-09-25 | 2015-11-30 | Owned | 100
ADL 573119 | Fairbanks Gold Mining, Inc. | LAST FLING 1 | 40 | 1996-09-17 | 2015-11-30 | Owned | 100
ADL 573120 | Fairbanks Gold Mining, Inc. | LAST FLING 2 | 40 | 1996-09-17 | 2015-11-30 | Owned | 100
ADL 573121 | Fairbanks Gold Mining, Inc. | LAST FLING 3 | 40 | 1996-09-17 | 2015-11-30 | Owned | 100
ADL 573122 | Fairbanks Gold Mining, Inc. | LAST FLING 4 | 40 | 1996-09-17 | 2015-11-30 | Owned | 100
ADL 573123 | Fairbanks Gold Mining, Inc. | LAST FLING 5 | 40 | 1996-09-17 | 2015-11-30 | Owned | 100
ADL 573124 | Fairbanks Gold Mining, Inc. | LAST FLING 6 | 40 | 1996-09-17 | 2015-11-30 | Owned | 100
ADL 573125 | Fairbanks Gold Mining, Inc. | LAST FLING 7 | 40 | 1996-09-05 | 2015-11-30 | Owned | 100
ADL 573126 | Fairbanks Gold Mining, Inc. | LAST FLING 8 | 40 | 1996-09-05 | 2015-11-30 | Owned | 100
ADL 573127 | Fairbanks Gold Mining, Inc. | LAST FLING 9 | 40 | 1996-09-06 | 2015-11-30 | Owned | 100
ADL 573128 | Fairbanks Gold Mining, Inc. | LAST FLING 10 | 40 | 1996-09-06 | 2015-11-30 | Owned | 100
ADL 573129 | Fairbanks Gold Mining, Inc. | LAST FLING 11 | 40 | 1996-09-06 | 2015-11-30 | Owned | 100
ADL 573130 | Fairbanks Gold Mining, Inc. | LAST FLING 12 | 40 | 1996-09-06 | 2015-11-30 | Owned | 100
ADL 573131 | Fairbanks Gold Mining, Inc. | LAST FLING 13 | 40 | 1996-09-09 | 2015-11-30 | Owned | 100
ADL 573132 | Fairbanks Gold Mining, Inc. | LAST FLING 14 | 40 | 1996-09-09 | 2015-11-30 | Owned | 100
ADL 573133 | Fairbanks Gold Mining, Inc. | LAST FLING 15 | 40 | 1996-09-09 | 2015-11-30 | Owned | 100
ADL 573134 | Fairbanks Gold Mining, Inc. | LAST FLING 16 | 40 | 1996-09-09 | 2015-11-30 | Owned | 100
ADL 573135 | Fairbanks Gold Mining, Inc. | LAST FLING 17 | 40 | 1996-09-10 | 2015-11-30 | Owned | 100
ADL 573136 | Fairbanks Gold Mining, Inc. | LAST FLING 18 | 40 | 1996-09-10 | 2015-11-30 | Owned | 100
ADL 573137 | Fairbanks Gold Mining, Inc. | LAST FLING 19 | 40 | 1996-09-10 | 2015-11-30 | Owned | 100
ADL 573138 | Fairbanks Gold Mining, Inc. | LAST FLING 20 | 40 | 1996-09-10 | 2015-11-30 | Owned | 100
ADL 603311 | Fairbanks Gold Mining, Inc. | NMW 1 | 39 | 2000-04-24 | 2015-11-30 | Owned | 100
ADL 603312 | Fairbanks Gold Mining, Inc. | NMW 2 | 39 | 2000-04-24 | 2015-11-30 | Owned | 100
ADL 603313 | Fairbanks Gold Mining, Inc. | NMW 3 | 39 | 2000-04-24 | 2015-11-30 | Owned | 100
ADL 603314 | Fairbanks Gold Mining, Inc. | NMW 4 | 18 | 2000-06-28 | 2015-11-30 | Owned | 100
ADL 603315 | Ehb, Llc | NMW 5 | 39 | 2000-04-26 | 2015-11-30 | Leased | 100
ADL 603316 | Ehb, Llc | NMW 6 | 27 | 2000-05-02 | 2015-11-30 | Leased | 100
ADL 603317 | Ehb, Llc | NMW 7 | 36 | 2000-04-25 | 2015-11-30 | Leased | 100
ADL 603318 | Fairbanks Gold Mining, Inc. | NMW 8 | 39 | 2000-04-25 | 2015-11-30 | Owned | 100
ADL 603319 | Fairbanks Gold Mining, Inc. | NMW 9 | 39 | 2000-04-23 | 2015-11-30 | Owned | 100
ADL 603320 | Fairbanks Gold Mining, Inc. | NMW 10 | 39 | 2000-04-23 | 2015-11-30 | Owned | 100
ADL 603321 | Fairbanks Gold Mining, Inc. | NMW 11 | 39 | 2000-04-23 | 2015-11-30 | Owned | 100

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Case ID | Registered Owners | Claim Name | Area (ac) | Grant Date | Expiry Date | Interest | % Held by FGMI
ADL 603322 | Fairbanks Gold Mining, Inc. | NMW 12 | 39 | 2000-04-21 | 2015-11-30 | Owned | 100
ADL 603323 | Fairbanks Gold Mining, Inc. | NMW 13 | 27 | 2000-04-21 | 2015-11-30 | Owned | 100
ADL 603324 | Fairbanks Gold Mining, Inc. | NMW 14 | 27 | 2000-04-28 | 2015-11-30 | Owned | 100
ADL 603325 | Fairbanks Gold Mining, Inc. | NMW 15 | 19 | 2000-04-28 | 2015-11-30 | Owned | 100
ADL 603326 | Fairbanks Gold Mining, Inc. | NMW 16 | 15 | 2000-04-28 | 2015-11-30 | Owned | 100
ADL 603327 | Fairbanks Gold Mining, Inc. | NMW 17 | 17 | 2000-04-26 | 2015-11-30 | Owned | 100
ADL 603328 | Fairbanks Gold Mining, Inc. | NMW 18 | 6 | 2000-04-28 | 2015-11-30 | Owned | 100
ADL 603329 | Fairbanks Gold Mining, Inc. | NMW 19 | 18 | 2000-06-28 | 2015-11-30 | Owned | 100
ADL 604256 | Fairbanks Gold Mining, Inc. | FGDC1 | 160 | 2000-12-21 | 2015-11-30 | Owned | 100
ADL 604257 | Fairbanks Gold Mining, Inc. | FGDC2 | 160 | 2000-12-18 | 2015-11-30 | Owned | 100
ADL 604258 | Fairbanks Gold Mining, Inc. | FGDC3 | 160 | 2000-12-18 | 2015-11-30 | Owned | 100
ADL 604259 | Fairbanks Gold Mining, Inc. | FGDC4 | 37 | 2000-12-28 | 2015-11-30 | Owned | 100
ADL 604260 | Fairbanks Gold Mining, Inc. | FGDC5 | 17 | 2000-12-28 | 2015-11-30 | Owned | 100
ADL 604261 | Fairbanks Gold Mining, Inc. | FGDC6 | 20 | 2001-01-04 | 2015-11-30 | Owned | 100
ADL 604262 | Fairbanks Gold Mining, Inc. | FGDC7 | 33 | 2000-12-07 | 2015-11-30 | Owned | 100
ADL 604263 | Fairbanks Gold Mining, Inc. | FGDC8 | 40 | 2000-12-09 | 2015-11-30 | Owned | 100
ADL 604264 | Fairbanks Gold Mining, Inc. | FGDC9 | 23 | 2000-12-15 | 2015-11-30 | Owned | 100
ADL 604265 | Fairbanks Gold Mining, Inc. | FGDC10 | 21 | 2000-12-07 | 2015-11-30 | Owned | 100
ADL 604266 | Fairbanks Gold Mining, Inc. | FGDC11 | 40 | 2000-12-09 | 2015-11-30 | Owned | 100
ADL 604267 | Fairbanks Gold Mining, Inc. | FGDC12 | 33 | 2000-12-15 | 2015-11-30 | Owned | 100
ADL 604268 | Fairbanks Gold Mining, Inc. | FGDC13 | 8 | 2000-11-30 | 2015-11-30 | Owned | 100
ADL 604269 | Fairbanks Gold Mining, Inc. | FGDC14 | 27 | 2000-12-09 | 2015-11-30 | Owned | 100
ADL 604270 | Fairbanks Gold Mining, Inc. | FGDC15 | 33 | 2000-12-12 | 2015-11-30 | Owned | 100
ADL 604271 | Fairbanks Gold Mining, Inc. | FGDC16 | 8 | 2000-12-15 | 2015-11-30 | Owned | 100
ADL 604272 | Fairbanks Gold Mining, Inc. | FGDC 21 | 2 | 2000-12-05 | 2015-11-30 | Owned | 100
ADL 604273 | Fairbanks Gold Mining, Inc. | FGDC 22 | 7 | 2000-12-05 | 2015-11-30 | Owned | 100
ADL 604274 | Fairbanks Gold Mining, Inc. | FGDC 23 | 2 | 2000-12-04 | 2015-11-30 | Owned | 100
ADL 604287 | Fairbanks Gold Mining, Inc. | MONOPOLY 1 | 40 | 2001-01-19 | 2015-11-30 | Owned | 100
ADL 604288 | Fairbanks Gold Mining, Inc. | MONOPOLY 2 | 40 | 2001-01-19 | 2015-11-30 | Owned | 100
ADL 604289 | Fairbanks Gold Mining, Inc. | MONOPOLY 3 | 11 | 2001-01-20 | 2015-11-30 | Owned | 100
ADL 604290 | Fairbanks Gold Mining, Inc. | MONOPOLY 4 | 40 | 2001-01-19 | 2015-11-30 | Owned | 100
ADL 604291 | Fairbanks Gold Mining, Inc. | MONOPOLY 5 | 40 | 2001-01-19 | 2015-11-30 | Owned | 100
ADL 604292 | Fairbanks Gold Mining, Inc. | MONOPOLY 6 | 33 | 2001-01-19 | 2015-11-30 | Owned | 100
ADL 604293 | Fairbanks Gold Mining, Inc. | MONOPOLY 7 | 3 | 2001-01-19 | 2015-11-30 | Owned | 100
ADL 604294 | Fairbanks Gold Mining, Inc. | FGDC 17 | 27 | 2001-01-12 | 2015-11-30 | Owned | 100
ADL 604295 | Fairbanks Gold Mining, Inc. | FGDC 18 | 21 | 2001-01-10 | 2015-11-30 | Owned | 100
ADL 604296 | Fairbanks Gold Mining, Inc. | FGDC 19 | 40 | 2001-01-10 | 2015-11-30 | Owned | 100
ADL 604297 | Fairbanks Gold Mining, Inc. | FGDC 20 | 40 | 2001-01-11 | 2015-11-30 | Owned | 100
ADL 604298 | Fairbanks Gold Mining, Inc. | FREE PARKING | 40 | 1998-05-30 | 2015-11-30 | Owned | 100
ADL 604299 | Fairbanks Gold Mining, Inc. | BOARDWALK | 25 | 1998-05-30 | 2015-11-30 | Owned | 100
ADL 604300 | Fairbanks Gold Mining, Inc. | WATERWORKS | 40 | 1998-05-30 | 2015-11-30 | Owned | 100
ADL 604316 | Fairbanks Gold Mining, Inc. | TREASURE CHEST | 13 | 2001-02-21 | 2015-11-30 | Owned | 100
ADL 604317 | Fairbanks Gold Mining, Inc. | PARK PLACE | 25 | 2001-02-21 | 2015-11-30 | Owned | 100
ADL 606173 | Fairbanks Gold Mining, Inc. | GARNET | 40 | 2004-04-10 | 2015-11-30 | Owned | 100
ADL 606359 | Fairbanks Gold Mining, Inc. | BSO-1 | 40 | 2004-10-05 | 2015-11-30 | Owned | 100
ADL 606360 | Fairbanks Gold Mining, Inc. | BSO-2 | 40 | 2004-10-05 | 2015-11-30 | Owned | 100
ADL 606361 | Fairbanks Gold Mining, Inc. | BSO-3 | 40 | 2004-10-05 | 2015-11-30 | Owned | 100
ADL 606391 | Fairbanks Gold Mining, Inc. | SNOW #1 | 20 | 2004-10-28 | 2015-11-30 | Owned | 100
ADL 606392 | Fairbanks Gold Mining, Inc. | SNOW #2 | 40 | 2004-10-28 | 2015-11-30 | Owned | 100
ADL 606393 | Fairbanks Gold Mining, Inc. | SNOW #3 | 38 | 2004-10-27 | 2015-11-30 | Owned | 100
ADL 606394 | Fairbanks Gold Mining, Inc. | SNOW #4 | 34 | 2004-10-27 | 2015-11-30 | Owned | 100
ADL 606395 | Fairbanks Gold Mining, Inc. | SNOW #5 | 3 | 2004-10-27 | 2015-11-30 | Owned | 100
ADL 606396 | Fairbanks Gold Mining, Inc. | SOCO #1 | 160 | 2004-11-05 | 2015-11-30 | Owned | 100
ADL 606397 | Fairbanks Gold Mining, Inc. | SOCO #2 | 160 | 2004-11-05 | 2015-11-30 | Owned | 100
ADL 606398 | Fairbanks Gold Mining, Inc. | SOCO #3 | 160 | 2004-11-05 | 2015-11-30 | Owned | 100
ADL 606399 | Fairbanks Gold Mining, Inc. | SOCO #4 | 160 | 2004-11-05 | 2015-11-30 | Owned | 100
ADL 606400 | Fairbanks Gold Mining, Inc. | SOCO #5 | 40 | 2004-11-09 | 2015-11-30 | Owned | 100
ADL 606401 | Fairbanks Gold Mining, Inc. | SOCO #6 | 40 | 2004-11-09 | 2015-11-30 | Owned | 100
ADL 606402 | Fairbanks Gold Mining, Inc. | SOCO #7 | 40 | 2004-11-09 | 2015-11-30 | Owned | 100
ADL 606403 | Fairbanks Gold Mining, Inc. | SOCO #8 | 40 | 2004-11-09 | 2015-11-30 | Owned | 100
ADL 606405 | Fairbanks Gold Mining, Inc. | SOCO #10 | 40 | 2004-11-19 | 2015-11-30 | Owned | 100
ADL 606406 | Fairbanks Gold Mining, Inc. | SOCO #11 | 40 | 2004-11-19 | 2015-11-30 | Owned | 100
ADL 606407 | Fairbanks Gold Mining, Inc. | SOCO #12 | 40 | 2004-11-18 | 2015-11-30 | Owned | 100
ADL 606408 | Fairbanks Gold Mining, Inc. | SOCO #13 | 40 | 2004-11-18 | 2015-11-30 | Owned | 100
ADL 606409 | Fairbanks Gold Mining, Inc. | SOCO #15 | 37 | 2004-11-18 | 2015-11-30 | Owned | 100
ADL 606410 | Fairbanks Gold Mining, Inc. | SOCO #16 | 40 | 2004-11-18 | 2015-11-30 | Owned | 100
ADL 606411 | Fairbanks Gold Mining, Inc. | SOCO #17 | 40 | 2004-11-18 | 2015-11-30 | Owned | 100
ADL 606412 | Fairbanks Gold Mining, Inc. | SOCO #18 | 14 | 2004-11-17 | 2015-11-30 | Owned | 100
ADL 610146 | Fairbanks Gold Mining, Inc. | GRAYLING #1 | 160 | 2006-06-23 | 2015-11-30 | Owned | 100

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Case ID | Registered Owners | Claim Name | Area (ac) | Grant Date | Expiry Date | Interest | % Held by FGMI
ADL 610147 | Fairbanks Gold Mining, Inc. | GRAYLING #2 | 160 | 2006-06-29 | 2015-11-30 | Owned | 100
ADL 610148 | Fairbanks Gold Mining, Inc. | GRAYLING #3 | 160 | 2006-06-29 | 2015-11-30 | Owned | 100
ADL 610149 | Fairbanks Gold Mining, Inc. | GRAYLING #4 | 160 | 2006-07-12 | 2015-11-30 | Owned | 100
ADL 610150 | Fairbanks Gold Mining, Inc. | GRAYLING #5 | 160 | 2006-07-17 | 2015-11-30 | Owned | 100
ADL 610151 | Fairbanks Gold Mining, Inc. | GRAYLING #6 | 160 | 2006-07-17 | 2015-11-30 | Owned | 100
ADL 610152 | Fairbanks Gold Mining, Inc. | GRAYLING #7 | 160 | 2006-06-23 | 2015-11-30 | Owned | 100
ADL 610153 | Fairbanks Gold Mining, Inc. | GRAYLING #8 | 160 | 2006-06-23 | 2015-11-30 | Owned | 100
ADL 610154 | Fairbanks Gold Mining, Inc. | GRAYLING #9 | 160 | 2006-06-29 | 2015-11-30 | Owned | 100
ADL 610155 | Fairbanks Gold Mining, Inc. | GRAYLING #10 | 160 | 2006-07-14 | 2015-11-30 | Owned | 100
ADL 610156 | Fairbanks Gold Mining, Inc. | GRAYLING #11 | 160 | 2006-07-14 | 2015-11-30 | Owned | 100
ADL 610157 | Fairbanks Gold Mining, Inc. | GRAYLING #12 | 40 | 2006-07-17 | 2015-11-30 | Owned | 100
ADL 610158 | Fairbanks Gold Mining, Inc. | GRAYLING #13 | 160 | 2006-06-27 | 2015-11-30 | Owned | 100
ADL 610159 | Fairbanks Gold Mining, Inc. | GRAYLING #14 | 160 | 2006-06-30 | 2015-11-30 | Owned | 100
ADL 610160 | Fairbanks Gold Mining, Inc. | GRAYLING #15 | 160 | 2006-07-05 | 2015-11-30 | Owned | 100
ADL 610161 | Fairbanks Gold Mining, Inc. | GRAYLING #16 | 160 | 2006-07-05 | 2015-11-30 | Owned | 100
ADL 610162 | Fairbanks Gold Mining, Inc. | GRAYLING #17 | 160 | 2006-07-07 | 2015-11-30 | Owned | 100
ADL 610163 | Fairbanks Gold Mining, Inc. | GRAYLING #18 | 160 | 2006-07-10 | 2015-11-30 | Owned | 100
ADL 610164 | Fairbanks Gold Mining, Inc. | GRAYLING #19 | 40 | 2006-07-10 | 2015-11-30 | Owned | 100
ADL 612007 | Fairbanks Gold Mining, Inc. | AGN #1 | 160 | 2008-03-31 | 2015-11-30 | Owned | 100
ADL 612008 | Fairbanks Gold Mining, Inc. | AGN #3 | 160 | 2008-04-01 | 2015-11-30 | Owned | 100
ADL 612918 | Fairbanks Gold Mining, Inc. | SNOW #6 | 2 | 2008-05-23 | 2015-11-30 | Owned | 100
ADL 612919 | Fairbanks Gold Mining, Inc. | SNOW #7 | 2 | 2008-05-23 | 2015-11-30 | Owned | 100
ADL 612920 | Fairbanks Gold Mining, Inc. | AGN #4 | 16 | 2008-05-26 | 2015-11-30 | Owned | 100
ADL 615416 | Ehb, Llc | FY 30 | 10 | 2010-07-30 | 2015-11-30 | Leased | 100
ADL 615417 | Ehb, Llc | FY 31 | 1 | 2010-07-30 | 2015-11-30 | Leased | 100
ADL 615992 | Fairbanks Gold Mining, Inc. | LR-1 | 10 | 2011-05-13 | 2015-11-30 | Owned | 100
ADL 615993 | Fairbanks Gold Mining, Inc. | LR-2 | 10 | 2011-05-13 | 2015-11-30 | Owned | 100
ADL 615994 | Fairbanks Gold Mining, Inc. | LR-3 | 40 | 2011-05-13 | 2015-11-30 | Owned | 100
ADL 615995 | Fairbanks Gold Mining, Inc. | LR-4 | 40 | 2011-05-13 | 2015-11-30 | Owned | 100
ADL 616797 | Ehb, Llc | FCF 1 | 25 | 2012-02-28 | 2015-11-30 | Leased | 100
ADL 616798 | Ehb, Llc | FCF 2 | 19 | 2012-02-28 | 2015-11-30 | Leased | 100
ADL 616799 | Ehb, Llc | FCF 3 | 7 | 2012-02-28 | 2015-11-30 | Leased | 100
ADL 616800 | Fairbanks Gold Mining, Inc. | JIC 1 | 25 | 2012-02-28 | 2015-11-30 | Owned | 100
ADL 616801 | Fairbanks Gold Mining, Inc. | DNA-2 | 8 |  | 2015-11-30 | Owned | 100
ADL 616802 | Fairbanks Gold Mining, Inc. | DNA-3 | 20 |  | 2015-11-30 | Owned | 100
ADL 616888 | Fairbanks Gold Mining, Inc. | JIC 2 | 7 | 2012-03-27 | 2015-11-30 | Owned | 100
ADL 616889 | Fairbanks Gold Mining, Inc. | JIC 3 | 10 | 2012-03-27 | 2015-11-30 | Owned | 100
ADL 616890 | Fairbanks Gold Mining, Inc. | JIC 4 | 10 | 2012-03-27 | 2015-11-30 | Owned | 100
ADL 616891 | Fairbanks Gold Mining, Inc. | JIC 5 | 10 | 2012-03-22 | 2015-11-30 | Owned | 100
ADL 616892 | Fairbanks Gold Mining, Inc. | JIC 6 | 4 | 2012-03-22 | 2015-11-30 | Owned | 100
ADL 616893 | Fairbanks Gold Mining, Inc. | JIC 7 | 10 | 2012-03-27 | 2015-11-30 | Owned | 100
ADL 616894 | Fairbanks Gold Mining, Inc. | JIC 8 | 10 | 2012-03-27 | 2015-11-30 | Owned | 100
ADL 616895 | Fairbanks Gold Mining, Inc. | JIC 9 | 10 | 2012-03-27 | 2015-11-30 | Owned | 100
ADL 616896 | Fairbanks Gold Mining, Inc. | JIC 10 | 10 | 2012-03-27 | 2015-11-30 | Owned | 100
ADL 616897 | Fairbanks Gold Mining, Inc. | JIC 11 | 10 | 2012-03-27 | 2015-11-30 | Owned | 100
ADL 616898 | Fairbanks Gold Mining, Inc. | JIC 12 | 10 | 2012-03-27 | 2015-11-30 | Owned | 100
ADL 616899 | Fairbanks Gold Mining, Inc. | JIC 13 | 6 | 2012-03-27 | 2015-11-30 | Owned | 100
ADL 616912 | Fairbanks Gold Mining, Inc. | UW-1 | 16 | 2012-03-30 | 2015-11-30 | Owned | 100
ADL 618642 | Fairbanks Gold Mining, Inc. | EI 1 | 160 |  | 2015-11-30 | Owned | 100
ADL 618643 | Fairbanks Gold Mining, Inc. | EI 2 | 160 |  | 2015-11-30 | Owned | 100
ADL 618644 | Fairbanks Gold Mining, Inc. | EI 3 | 160 |  | 2015-11-30 | Owned | 100
ADL 618645 | Fairbanks Gold Mining, Inc. | EI 4 | 160 |  | 2015-11-30 | Owned | 100
ADL 618646 | Fairbanks Gold Mining, Inc. | EI 5 | 160 |  | 2015-11-30 | Owned | 100
ADL 618647 | Fairbanks Gold Mining, Inc. | EI 6 | 160 |  | 2015-11-30 | Owned | 100
ADL 618648 | Fairbanks Gold Mining, Inc. | EI 7 | 160 |  | 2015-11-30 | Owned | 100
ADL 618649 | Fairbanks Gold Mining, Inc. | EI 8 | 160 |  | 2015-11-30 | Owned | 100
ADL 618650 | Fairbanks Gold Mining, Inc. | EI 9 | 160 |  | 2015-11-30 | Owned | 100
ADL 618651 | Fairbanks Gold Mining, Inc. | EI 10 | 160 |  | 2015-11-30 | Owned | 100
ADL 618652 | Fairbanks Gold Mining, Inc. | EI 11 | 160 |  | 2015-11-30 | Owned | 100
ADL 618653 | Fairbanks Gold Mining, Inc. | EI 12 | 160 |  | 2015-11-30 | Owned | 100
ADL 618654 | Fairbanks Gold Mining, Inc. | EI 13 | 160 |  | 2015-11-30 | Owned | 100
ADL 618655 | Fairbanks Gold Mining, Inc. | EI 14 | 160 |  | 2015-11-30 | Owned | 100
ADL 618656 | Fairbanks Gold Mining, Inc. | EI 15 | 160 |  | 2015-11-30 | Owned | 100
ADL 618657 | Fairbanks Gold Mining, Inc. | EI 16 | 160 |  | 2015-11-30 | Owned | 100
ADL 618658 | Fairbanks Gold Mining, Inc. | EI 17 | 160 |  | 2015-11-30 | Owned | 100
ADL 618659 | Fairbanks Gold Mining, Inc. | EI 18 | 160 |  | 2015-11-30 | Owned | 100
ADL 618660 | Fairbanks Gold Mining, Inc. | EI 19 | 160 |  | 2015-11-30 | Owned | 100
ADL 618661 | Fairbanks Gold Mining, Inc. | EI 20 | 160 |  | 2015-11-30 | Owned | 100
ADL 618662 | Fairbanks Gold Mining, Inc. | EI 21 | 160 |  | 2015-11-30 | Owned | 100

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Case ID | Registered Owners | Claim Name | Area (ac) | Grant Date | Expiry Date | Interest | % Held by FGMI
ADL 618663 | Fairbanks Gold Mining, Inc. | EI 22 | 160 |  | 2015-11-30 | Owned | 100
ADL 618664 | Fairbanks Gold Mining, Inc. | EI 23 | 160 |  | 2015-11-30 | Owned | 100
ADL 618665 | Fairbanks Gold Mining, Inc. | EI 24 | 160 |  | 2015-11-30 | Owned | 100
ADL 618666 | Fairbanks Gold Mining, Inc. | EI 25 | 160 |  | 2015-11-30 | Owned | 100
ADL 618667 | Fairbanks Gold Mining, Inc. | EI 26 | 160 |  | 2015-11-30 | Owned | 100
ADL 618668 | Fairbanks Gold Mining, Inc. | EI 27 | 160 |  | 2015-11-30 | Owned | 100
ADL 618669 | Fairbanks Gold Mining, Inc. | EI 28 | 160 |  | 2015-11-30 | Owned | 100
ADL 618670 | Fairbanks Gold Mining, Inc. | EI 29 | 160 |  | 2015-11-30 | Owned | 100
ADL 618671 | Fairbanks Gold Mining, Inc. | EI 30 | 160 |  | 2015-11-30 | Owned | 100
ADL 618672 | Fairbanks Gold Mining, Inc. | EI 31 | 160 |  | 2015-11-30 | Owned | 100
ADL 618673 | Fairbanks Gold Mining, Inc. | EI 32 | 160 |  | 2015-11-30 | Owned | 100
ADL 618674 | Fairbanks Gold Mining, Inc. | EI 33 | 160 |  | 2015-11-30 | Owned | 100
ADL 618675 | Fairbanks Gold Mining, Inc. | EI 34 | 160 |  | 2015-11-30 | Owned | 100
ADL 618676 | Fairbanks Gold Mining, Inc. | EI 35 | 160 |  | 2015-11-30 | Owned | 100
ADL 618677 | Fairbanks Gold Mining, Inc. | EI 36 | 160 |  | 2015-11-30 | Owned | 100
ADL 618678 | Fairbanks Gold Mining, Inc. | EI 37 | 160 |  | 2015-11-30 | Owned | 100
ADL 618679 | Fairbanks Gold Mining, Inc. | EI 38 | 160 |  | 2015-11-30 | Owned | 100
ADL 618680 | Fairbanks Gold Mining, Inc. | EI 39 | 160 |  | 2015-11-30 | Owned | 100
ADL 618681 | Fairbanks Gold Mining, Inc. | EI 40 | 160 |  | 2015-11-30 | Owned | 100
ADL 618682 | Fairbanks Gold Mining, Inc. | EI 41 | 160 |  | 2015-11-30 | Owned | 100
ADL 618683 | Fairbanks Gold Mining, Inc. | EI 42 | 160 |  | 2015-11-30 | Owned | 100
ADL 618684 | Fairbanks Gold Mining, Inc. | EI 43 | 160 |  | 2015-11-30 | Owned | 100
ADL 618685 | Fairbanks Gold Mining, Inc. | EI 44 | 160 |  | 2015-11-30 | Owned | 100
ADL 618686 | Fairbanks Gold Mining, Inc. | EI 45 | 160 |  | 2015-11-30 | Owned | 100
ADL 618687 | Fairbanks Gold Mining, Inc. | EI 46 | 160 |  | 2015-11-30 | Owned | 100
ADL 618688 | Fairbanks Gold Mining, Inc. | EI 47 | 160 |  | 2015-11-30 | Owned | 100
ADL 618689 | Fairbanks Gold Mining, Inc. | EI 48 | 160 |  | 2015-11-30 | Owned | 100
ADL 618690 | Fairbanks Gold Mining, Inc. | EI 49 | 160 |  | 2015-11-30 | Owned | 100
ADL 618691 | Fairbanks Gold Mining, Inc. | EI 50 | 160 |  | 2015-11-30 | Owned | 100
ADL 618692 | Fairbanks Gold Mining, Inc. | EI 51 | 160 |  | 2015-11-30 | Owned | 100
ADL 618693 | Fairbanks Gold Mining, Inc. | EI 52 | 160 |  | 2015-11-30 | Owned | 100
ADL 618694 | Fairbanks Gold Mining, Inc. | EI 53 | 160 |  | 2015-11-30 | Owned | 100
ADL 618695 | Fairbanks Gold Mining, Inc. | EI 54 | 160 |  | 2015-11-30 | Owned | 100
ADL 618696 | Fairbanks Gold Mining, Inc. | EI 55 | 160 |  | 2015-11-30 | Owned | 100
ADL 618697 | Fairbanks Gold Mining, Inc. | EI 56 | 160 |  | 2015-11-30 | Owned | 100
ADL 618698 | Fairbanks Gold Mining, Inc. | EI 57 | 160 |  | 2015-11-30 | Owned | 100
ADL 618699 | Fairbanks Gold Mining, Inc. | EI 58 | 160 |  | 2015-11-30 | Owned | 100
ADL 618700 | Fairbanks Gold Mining, Inc. | EI 59 | 160 |  | 2015-11-30 | Owned | 100
ADL 618701 | Fairbanks Gold Mining, Inc. | EI 60 | 160 |  | 2015-11-30 | Owned | 100
ADL 618702 | Fairbanks Gold Mining, Inc. | EI 61 | 160 |  | 2015-11-30 | Owned | 100
ADL 618703 | Fairbanks Gold Mining, Inc. | EI 62 | 160 |  | 2015-11-30 | Owned | 100
ADL 618704 | Fairbanks Gold Mining, Inc. | EI 63 | 160 |  | 2015-11-30 | Owned | 100
ADL 618705 | Fairbanks Gold Mining, Inc. | EI 64 | 160 |  | 2015-11-30 | Owned | 100
ADL 618706 | Fairbanks Gold Mining, Inc. | EI 65 | 160 |  | 2015-11-30 | Owned | 100
ADL 618707 | Fairbanks Gold Mining, Inc. | EI 66 | 160 |  | 2015-11-30 | Owned | 100
ADL 618708 | Fairbanks Gold Mining, Inc. | EI 67 | 160 |  | 2015-11-30 | Owned | 100
ADL 618709 | Fairbanks Gold Mining, Inc. | EI 68 | 160 |  | 2015-11-30 | Owned | 100
ADL 618710 | Fairbanks Gold Mining, Inc. | EI 69 | 160 |  | 2015-11-30 | Owned | 100
ADL 618711 | Fairbanks Gold Mining, Inc. | EI 70 | 160 |  | 2015-11-30 | Owned | 100
ADL 618712 | Fairbanks Gold Mining, Inc. | EI 71 | 160 |  | 2015-11-30 | Owned | 100
ADL 618713 | Fairbanks Gold Mining, Inc. | EI 72 | 160 |  | 2015-11-30 | Owned | 100
ADL 618714 | Fairbanks Gold Mining, Inc. | EI 73 | 160 |  | 2015-11-30 | Owned | 100
ADL 618715 | Fairbanks Gold Mining, Inc. | EI 74 | 160 |  | 2015-11-30 | Owned | 100
ADL 618716 | Fairbanks Gold Mining, Inc. | EI 75 | 160 |  | 2015-11-30 | Owned | 100
ADL 618717 | Fairbanks Gold Mining, Inc. | EI 76 | 160 |  | 2015-11-30 | Owned | 100
ADL 618718 | Fairbanks Gold Mining, Inc. | EI 77 | 160 |  | 2015-11-30 | Owned | 100
ADL 618719 | Fairbanks Gold Mining, Inc. | EI 78 | 160 |  | 2015-11-30 | Owned | 100
ADL 618720 | Fairbanks Gold Mining, Inc. | EI 79 | 160 |  | 2015-11-30 | Owned | 100
ADL 618721 | Fairbanks Gold Mining, Inc. | EI 80 | 160 |  | 2015-11-30 | Owned | 100
ADL 618722 | Fairbanks Gold Mining, Inc. | EI 81 | 160 |  | 2015-11-30 | Owned | 100
ADL 618723 | Fairbanks Gold Mining, Inc. | EI 82 | 160 |  | 2015-11-30 | Owned | 100
ADL 618724 | Fairbanks Gold Mining, Inc. | EI 83 | 160 |  | 2015-11-30 | Owned | 100
ADL 618725 | Fairbanks Gold Mining, Inc. | EI 84 | 160 |  | 2015-11-30 | Owned | 100
ADL 618726 | Fairbanks Gold Mining, Inc. | EI 85 | 160 |  | 2015-11-30 | Owned | 100
ADL 618727 | Fairbanks Gold Mining, Inc. | EI 86 | 160 |  | 2015-11-30 | Owned | 100
ADL 618728 | Fairbanks Gold Mining, Inc. | EI 87 | 160 |  | 2015-11-30 | Owned | 100
ADL 618729 | Fairbanks Gold Mining, Inc. | EI 88 | 160 |  | 2015-11-30 | Owned | 100
ADL 618730 | Fairbanks Gold Mining, Inc. | EI 89 | 160 |  | 2015-11-30 | Owned | 100
ADL 618731 | Fairbanks Gold Mining, Inc. | EI 90 | 4 |  | 2015-11-30 | Owned | 100

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Case ID | Registered Owners | Claim Name | Area (ac) | Grant Date | Expiry Date | Interest | % Held by FGMI
ADL 618732 | Fairbanks Gold Mining, Inc. | EI 91 | 2 |  | 2015-11-30 | Owned | 100
ADL 618733 | Fairbanks Gold Mining, Inc. | EI 92 | 3 |  | 2015-11-30 | Owned | 100
ADL 618734 | Fairbanks Gold Mining, Inc. | EI 93 | 3 |  | 2015-11-30 | Owned | 100
ADL 618735 | Fairbanks Gold Mining, Inc. | EI 94 | 3 |  | 2015-11-30 | Owned | 100
ADL 618736 | Fairbanks Gold Mining, Inc. | EI 95 | 25 |  | 2015-11-30 | Owned | 100
ADL 618737 | Fairbanks Gold Mining, Inc. | EI 96 | 160 |  | 2015-11-30 | Owned | 100
ADL 618738 | Fairbanks Gold Mining, Inc. | EI 97 | 160 |  | 2015-11-30 | Owned | 100
ADL 618739 | Fairbanks Gold Mining, Inc. | EI 98 | 160 |  | 2015-11-30 | Owned | 100
ADL 618740 | Fairbanks Gold Mining, Inc. | EI 99 | 160 |  | 2015-11-30 | Owned | 100
ADL 655763 | Fairbanks Gold Mining, Inc. | HARD LODE #1 | 40 | 2006-10-11 | 2015-11-30 | Owned | 100
ADL 655764 | Fairbanks Gold Mining, Inc. | HARD LODE #2 | 40 | 2006-10-11 | 2015-11-30 | Owned | 100
ADL 655765 | Fairbanks Gold Mining, Inc. | HARD LODE #3 | 40 | 2006-10-10 | 2015-11-30 | Owned | 100
ADL 655766 | Fairbanks Gold Mining, Inc. | HARD LODE #4 | 40 | 2006-10-10 | 2015-11-30 | Owned | 100
ADL 655767 | Fairbanks Gold Mining, Inc. | HARD LODE #5 | 40 | 2006-10-10 | 2015-11-30 | Owned | 100
ADL 76385 | Melba Creek Mining Inc | KILLER BEAR 1 | 40 | 1979-07-03 | 2015-11-30 | Owned | 100
ADL 76386 | Melba Creek Mining Inc | GOOD SIGHT | 40 | 1976-07-04 | 2015-11-30 | Owned | 100

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

APPENDIX B – COMPLETE LISTING OF FEDERAL MINING CLAIMS

Case ID | Name |  | Registered Owners | Area (ac) | Expiry Date | Interest | % Held by FGMI
AKFF 057219 | Bench Claim No.1 Above Discovery |  | FAIRBANKS GOLD MINING INC | 20 | 2015-08-31 | Owned | 100
AKFF 057220 | Bench Claim No. 2 Above Discovery |  | FAIRBANKS GOLD MINING INC | 20 | 2015-08-31 | Owned | 100
AKFF 057221 | Bench Claim No. 3 Above Discovery |  | FAIRBANKS GOLD MINING INC | 20 | 2015-08-31 | Owned | 100
AKFF 057222 | Bench Claim No. 4 Above Discovery |  | FAIRBANKS GOLD MINING INC | 20 | 2015-08-31 | Owned | 100
AKFF 057223 | Bench Claim No. 5 Above Discovery |  | FAIRBANKS GOLD MINING INC | 20 | 2015-08-31 | Owned | 100
AKFF 057226 | Bench Claim No. 2 Below Discovery |  | FAIRBANKS GOLD MINING INC | 20 | 2015-08-31 | Owned | 100
AKFF 057227 | Creek Claim No. 3 Above Discovery, Gilmore Cr |  | FAIRBANKS GOLD MINING INC | 20 | 2015-08-31 | Owned | 100
AKFF 057228 | Creek Claim No. 4 Above Discovery, Gilmore Cr |  | FAIRBANKS GOLD MINING INC | 20 | 2015-08-31 | Owned | 100
AKFF 057235 | The Leber Association |  | FAIRBANKS GOLD MINING INC | 160 | 2015-08-31 | Owned | 100
AKFF 059840 | #2 ABOVE DISCOVERY |  | STILL ARVIL | 20 | 2015-08-31 | Leased | 100
AKFF 059841 | #3 ABOVE DISCOVERY |  | STILL ARVIL | 20 | 2015-08-31 | Leased | 100
AKFF 059842 | #4 ABOVE DISCOVERY |  | STILL ARVIL | 20 | 2015-08-31 | Leased | 100
AKFF 059843 | #5 ABOVE DISCOVERY |  | STILL ARVIL | 20 | 2015-08-31 | Leased | 100
AKFF 059844 | ZARICK |  | K & K RECYCLING INC | 31 | 2015-08-31 | Leased | 100
AKFF 059845 | ZARICH NO. 2 |  | K & K RECYCLING INC | 32 | 2015-08-31 | Leased | 100
AKFF 059846 | ZARICH NO. 3 |  | K & K RECYCLING INC | 29 | 2015-08-31 | Leased | 100
AKFF 059847 | ARCTIC #1 |  | K & K RECYCLING INC | 33 | 2015-08-31 | Leased | 100
AKFF 059848 | ARCTIC #2 |  | K & K RECYCLING INC | 33 | 2015-08-31 | Leased | 100
AKFF 059849 | ARCTIC #3 |  | K & K RECYCLING INC | 33 | 2015-08-31 | Leased | 100
AKFF 059850 | ARCTIC #4 |  | K & K RECYCLING INC | 32 | 2015-08-31 | Leased | 100
AKFF 059851 | ARCTIC #5 |  | K & K RECYCLING INC | 33 | 2015-08-31 | Leased | 100
AKFF 059852 | ARCTIC #6 |  | K & K RECYCLING INC | 30 | 2015-08-31 | Leased | 100
AKFF 059853 | SILVERSMITH #1 |  | K & K RECYCLING INC | 34 | 2015-08-31 | Leased | 100
AKFF 059854 | SILVERSMITH #2 |  | K & K RECYCLING INC | 35 | 2015-08-31 | Leased | 100
AKFF 059855 | SILVERSMITH #3 |  | K & K RECYCLING INC | 31 | 2015-08-31 | Leased | 100
AKFF 059856 | LILLIAN B. #1 |  | K & K RECYCLING INC | 34 | 2015-08-31 | Leased | 100
AKFF 059857 | LILLIAN B. #2 |  | K & K RECYCLING INC | 36 | 2015-08-31 | Leased | 100
AKFF 059858 | LILLIAN B. #3 |  | K & K RECYCLING INC | 37 | 2015-08-31 | Leased | 100
AKFF 059859 | SHUMEFF & ROWLEY #1 |  | K & K RECYCLING INC | 33 | 2015-08-31 | Leased | 100
AKFF 059860 | SHUMEFF & ROWLEY #2 |  | K & K RECYCLING INC | 32 | 2015-08-31 | Leased | 100

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

APPENDIX C – GIL CUMULATIVE PROBABILITY PLOTS BY DOMAIN
Raw drill hole data, uncapped Gold, Domain QMSc

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Raw drill hole data, uncapped Gold, Domain Qte
Raw drill hole data, uncapped Gold, Domain AQMSc

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Raw drill hole data, uncapped Gold, Domain IFSc
Raw drill hole data, uncapped Gold, Domain BCQMSc-Amph

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Raw drill hole data, uncapped Gold, Domain MRBL
Raw drill hole data, uncapped Gold, Domain Dio

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| Kinross Gold Corporation Fort Knox mine Fairbanks North Star Borough, Alaska, USA NI 43-101 Technical Report

Raw drill hole data, uncapped Gold, Domain OB

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