Kinross Recommends Shareholders Reject TRC Capital Investment’s Mini-Tender Offer

Kinross Gold Corporation has alerted its shareholders about an unsolicited "mini-tender" offer from TRC Capital Investment Corporation to purchase up to 2.5 million common shares at C$41.75 per share. Kinross strongly advises shareholders to reject this offer, noting that the price is approximately 4.4% below the market closing price on April 6, 2026. The company is not affiliated with TRC and highlights that mini-tender offers are often designed to acquire a small percentage of shares, thus avoiding regulatory scrutiny. Both the SEC and CSA have previously warned investors about such offers, particularly when they are made at below-market prices. Kinross has requested that this news release be distributed with any materials related to TRC's offer.