Anita Soni

Carey MacRury

Tanya Jakusconek

Joshua Wolfson

Lawson Winder

Michael Parkin

Ralph Profiti

Fahad Tariq

- **Kinross Gold Corporation** has elected to convert its secured convertible debenture, issued on **August 12, 2025**, into common shares of Asante Gold Corporation.  **[701818_64012ea82e6b4be49364e6826a5852ec_0]** 
- The conversion amount, including accrued and unpaid interest, totaled approximately **US$80 million**.  **[701818_64012ea82e6b4be49364e6826a5852ec_0]** 
- As a result, Kinross will receive **61,735,867 Shares** of Asante Gold at a price of **C$1.81 per Share**.  **[701818_64012ea82e6b4be49364e6826a5852ec_0]** 
- Upon conversion, all obligations related to the Convertible Debenture have been extinguished, and it is no longer outstanding.  **[701818_64012ea82e6b4be49364e6826a5852ec_0]**

Kinross Gold converts Asante Gold debenture

- **Kinross Gold Corporation** sold **36,927,650 Shares** of **Asante Gold Corporation** on **September 22, 2025**, which represented approximately **5.2%** of Asante's outstanding shares and all of the shares held by Kinross.  **[701818_0001104659-25-093824_tm2527064d1_ex99-1.htm:0]** 
- The shares were sold at a price of **C$1.98 per Share**, resulting in an aggregate sale price of **C$73,116,747**.  **[701818_0001104659-25-093824_tm2527064d1_ex99-1.htm:2]** 
- Following the sale, Kinross Gold Corporation holds **no outstanding Shares** of Asante Gold, but retains **5,000,000 warrants** and a **convertible debenture**, which together represent approximately **8.4%** of Asante's outstanding shares on a partially diluted basis.  **[701818_0001104659-25-093824_tm2527064d1_ex99-1.htm:0]** 
- The purpose of this transaction was to realize value from the share consideration Kinross received under a purchase agreement dated April 24, 2022.  **[701818_0001104659-25-093824_tm2527064d1_ex99-1.htm:2]**

Kinross Gold Sells Entire Shareholding in Asante Gold Corporation

- Kinross Gold Corporation announced the **sale of 36,927,650 common shares** of Asante Gold Corporation.  **[701818_0001104659-25-092747_tm2526826d1_ex99-1.htm:0]** 
- This transaction represents approximately **5.2% of Asante's outstanding shares** and **100% of the common shares previously held by Kinross**.  **[701818_0001104659-25-092747_tm2526826d1_ex99-1.htm:0]** 
- The shares were sold at **C$1.98 per share**, generating an aggregate sale price of **C$73,116,747**.  **[701818_0001104659-25-092747_tm2526826d1_ex99-1.htm:0]** 
- Following the sale, Kinross remains an investor in Asante through convertible instruments, which represent approximately **8.4% of Asante's outstanding shares** on a partially diluted basis.  **[701818_0001104659-25-092747_tm2526826d1_ex99-1.htm:0]**

KINROSS GOLD (KGC)