Kinross Gold Corporation Makes Strategic Investment in Laurentian Goldfields Ltd.

Vancouver, British Columbia – May 27, 2008 – Laurentian Goldfields Ltd. (“Laurentian” or the “Company”) (TSX VENTURE:LGF) is pleased to announce that Kinross Gold Corporation (“Kinross”), the third largest gold mining company in North America by reserves, has made a strategic investment in Laurentian.

As part of a recently concluded private placement (see Laurentian news release dated May 15, 2008), Laurentian received a strategic investment from Kinross for total proceeds of CAD$600,000. “We are very pleased that Kinross participated in the Laurentian financing,” states Andrew Brown, President and CEO of Laurentian. “We view this investment as a strong endorsement of our corporate vision and exploration and management abilities.”

About Laurentian Goldfields Ltd.

Laurentian is a well managed team of highly skilled exploration professionals focused on discovery and growth in under-explored regions of mining-friendly jurisdictions. The Company employs leading edge exploration concepts and techniques to quickly and cost effectively screen vast tracts of land for geological and geochemical signatures associated with world class gold deposits.

On behalf of the board of directors,

Andrew Brown, M.Sc., P.Geo., President and CEO

TSX Venture Exchange does not accept responsibility for the adequacy and accuracy of this Release.

For more information, please contact

Laurentian Goldfields Ltd.
Glen Phillips
Investor Relations
(604) 646-1581
(604) 642-2411 (FAX)