To: Goose94 who wrote (140440 ) 1/16/2023 5:21:02 PM From: Goose94 Read Replies (1) | Respond to Allegiant Gold (AUAU-V) Acquired shs by Kinross Gold (K-T) Allegiant ”) issuable upon exercise of common share purchase warrants previously acquired by Kinross. The warrants were acquired as part of the previously announced investment in Allegiant completed on March 17, 2022. Pursuant to the investment, Kinross purchased 10,036,034 units of Allegiant, representing 9.9% of the issued and outstanding shares of Allegiant. Each unit was comprised of one common share and one-half of one common share purchase warrant (each, a “ Unit ”, and collectively, the “ Units ”). The Units were acquired for a purchase price of $0.40 per Unit, representing an aggregate purchase price of $4,014,414.00. The common shares held represent approximately 9.8% of the currently issued and outstanding Allegiant common shares and the Warrants provide deemed beneficial ownership of common shares representing approximately 4.7% of the currently issued and outstanding Allegiant common shares. Accordingly, as of today Kinross is the deemed beneficial owner of common shares representing approximately 14.0% of the issued and outstanding shares of Allegiant and is therefore required by applicable Canadian securities laws to issue this press release and file a corresponding early warning report. www.sedar.com . Alternatively, you may contact Luke Crosby, Vice President, Assistant General Counsel and Corporate Secretary at 647-788-4478 to obtain a copy of the report. Kinross is organized under the laws of the Province of Ontario and its head office is located at 25 York Street, 17th Floor, Toronto, Ontario M5J 2V5. Allegiant’s head office is located at 1090 Hamilton Street, Vancouver, British Columbia V6B 2R9. About Kinross Gold Corporation Media Contact Senior Director, Corporate Communications victoria.barrington@kinross.com Investor Relations Contact Vice-President, Investor Relations chris.lichtenheldt@kinross.com
