Underworld Resources Inc. (“Underworld”) (TSX-V: UW) is pleased to announce that pursuant to the news release of Kinross Gold Corporation (“Kinross”) issued on April 26th, Kinross has taken up and paid for an additional 38,744,878 common shares of Underworld (“Underworld Shares”) under its offer to acquire all of the outstanding Underworld Shares. As a result of this acquisition, Kinross now beneficially owns a total of 42,663,059 Underworld Shares, or 81.6% of the issued and outstanding Underworld Shares on a fully diluted basis. Following completion of the exchange of the outstanding Underworld employee stock options for replacement Kinross stock options in the manner contemplated by the terms of the Kinross offer, a process that is expected to be completed shortly, this will represent approximately 87.0% of the issued and outstanding common shares on a fully-diluted basis.