GMP Gold Roundtable Conference

October 19, 2017
GMP Gold Roundtable Conference
KLGOLD.COM
TSX: KL
NYSE: KL
HIGH-GRADE GOLD PRODUCTION | FINANCIAL STRENGTH | GROWTH

KLGOLD.COM
TSX:KL
NYSE:KL
FORWARD LOOKING STATEMENTS
Cautionary Note Regarding Forward-Looking Information
This presentation contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans,
intentions, beliefs and current expectations of Kirkland Lake Gold with respect to future business activities and operating performance. Forward-looking information is often
identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and include information
regarding: (i) the amount of future production over any period; (ii) assumptions relating to revenues, operating cash flow and other revenue metrics set out in the Company's
disclosure materials; and (iii) future exploration plans (iv) the temporary suspension of operations at the Cosmo Mine and the anticipated effects thereof .
Investors are cautioned that forward-looking information is not based on historical facts but instead reflect KL Gold’s management’s expectations, estimates or projections
concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although
Kirkland Lake Gold believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue
reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the
combined company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the ability
of Kirkland Lake Gold to successfully integrate the operations and employees of its Canadian and Australian operations, and realize synergies and cost savings, and to the extent,
anticipated; the potential impact on exploration activities; the potential impact on relationships, including with regulatory bodies, employees, suppliers, customers and
competitors; the re-rating potential following the consummation of the merger; changes in general economic, business and political conditions, including changes in the financial
markets; changes in applicable laws; and compliance with extensive government regulation. This forward-looking information may be affected by risks and uncertainties in the
business of Kirkland Lake Gold and market conditions. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by
Kirkland Lake Gold , including Kirkland Lake Gold’s annual information form, financial statements and related MD&A for the quarter ended June 30, 2017 and their interim
financial reports and related MD&A for the period ended June 30, 2017 filed with the securities regulatory authorities in certain provinces of Canada and available at
www.sedar.com.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary
materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Kirkland Lake Gold has attempted to identify important risks,
uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Kirkland Lake
Gold does not intend, and do not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.
All dollar amounts in this presentation are expressed in U.S. Dollars unless otherwise noted.
Use of Non-GAAP Measures
This Presentation refers to average realized price, operating costs, all-in sustaining costs per ounce of gold sold, free cash flow and cash costs of production because certain
readers may use this information to assess the Company’s performance and also to determine the Company’s ability to generate cash flow. This data is furnished to provide
additional information and are non-GAAP measures and do not have any standardized meaning prescribed by International Financial Reporting Standards (“IFRS”). These
measures should not be considered in isolation as a substitute for measures of performance prepared in accordance with IFRS and are not necessarily indicative of operating costs
presented under IFRS. Refer to each Company’s most recent MD&A for a reconciliation of these measures.
2

KLGOLD.COM
TSX:KL
NYSE:KL
KIRKLAND LAKE GOLD (TSX:KL, NYSE:KL)
3
High-grade, low-
cost production
Strong free cash
flow
Focused on increasing shareholder value
Extensive organic
growth

KLGOLD.COM
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NYSE:KL
HIGH-GRADE GOLD PRODUCTION IN CANADA AND AUSTRALIA
4
2 Key Drivers of Performance – 76% of 9M 2017 Production
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
500,000
550,000
600,000
Consolidated 9M/17 Production
429,800 oz
On track to meet
2017 guidance of
570,000 – 590,000 ozs
2017 Outlook
Fosterville Macassa Consolidated
P&P Reserve Grade (g/t Au) 17.9 20.8
9M 2017 production (ounces) 184,700 142,600 429,800
H1 2017 Operating Costs ($/Oz Sold)1,2 274 513 521
1) See Non-GAAP Measures sections in forward looking statements
2) Operating Cash Costs per ounce and AISC per ounce reflect an average USD to CAD exchange rate of 1.33 and a USD to AUD exchange rate of 1.33. See Kirkland Lake Gold News release dated August 2, 2017

KLGOLD.COM
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NYSE:KL
1) Operating Cash Costs per ounce and AISC per ounce are examples of Non-GAAP measures. Please see the Non-GAAP Measures section in forward looking statements on Slide 2. In addition, please see Kirkland Lake Gold’s News Release dated
August 2, 2017 and Q2 2017 MD&A for additional reporting details related to Operating Cash Costs per ounce and AISC per ounce results
2) Operating Cash Costs per ounce and AISC per ounce guidance reflects an average USD to CAD exchange rate of 1.34 and a USD to AUD exchange rate of 1.31. Operating Cash Costs per ounce and AISC per ounce results in H1 2017 reflect an
average USD to CAD exchange rate of 1.33 and USD to AUD exchange rate of 1.33. See Kirkland Lake Gold News release dated August 2, 2017
3) Effective June 30, 2017, Kirkland Lake Gold suspended production at the Cosmo Mine, allowing the Company to focus its activities on an aggressive resource definition and exploration program at the mine. The Cosmo Mine will be maintained
in a state of readiness to allow operations to recommence in the event that exploration, resource definition and development planning are successful in enhancing the economic viability of the mine 5
At June 30/17, except production CANADIAN OPERATIONS AUSTRALIAN OPERATIONS
$ million unless otherwise states Macassa Holt Taylor Fosterville Cosmo3
Consolidated 2017 Guidance
Gold Production (ozs)1 (9M/17) 142,600 47,400 34,200 184,700 20,600 429,800 570,000 – 590,000
Operating cash costs ($/oz)1,2 513 724 600 274 1,583 $521 $475 – $525
AISC ($/oz)1,2 $794 $800 – $850
Operating cash costs $150.6 $270 – $280
Capital expenditures $61.7 $160 – $180
Exploration $20.9 $45 – $55
Royalty cost $10.1 $20 – $25
G & A $9.6 $17
ON TRACK TO ACHIEVE 2017 GUIDANCE
2017 Guidance Macassa Holt Taylor Fosterville Cosmo3
Consolidated
Gold Production (ozs)1
190,000 –
195,000
65,000 –
70,000
50,000 –
55,000
250,000 –
260,000
20,000
570,000 –
590,000
Operating cash costs ($/oz)1,2
520 –
550
670 –
725
450 –
525
260 –
280
1,500 –
1,600
$475 –
$525

KLGOLD.COM
TSX:KL
NYSE:KL
6
SOLID FINANCIAL POSITION
$44M used to repay 6% Convertible Debenture on June 30/17
CAPITAL STRUCTURE & OWNERSHIP
Issued & Outstanding (at October 13/17) 207.5 million
Market Cap. (NYSE) ($13.19) (Oct. 13/17)
(TSX) (C$16.42) (Oct. 13/17)
US$2.7 billion
C$3.4 billion
Daily Avg. Volume – 30 day
(October 13/17)
1.7 million shares
Insider Ownership
(Eric Sprott)
>10%
1) Refers to cash and cash equivalents
2) After impact of C$74.9 million investment to acquire 18.2% interest in Novo Resources Corp. and C$50.3 million to repurchase 3.9 million KL common shares
TSX:KL
S&P/TSX Global Gold Index
KL outperforming peers (shares up ~130% 2017 YTD)Building Cash Flow & Cash ($ millions)
STRONG BALANCE SHEET
Cash1,2
(at Sept. 30/17) $210 million
Convertible Debentures (at June 30/17) $43 million
KGI.DB.A: 7.5% C$13.70 Conv. Price C$62M mature Dec 2017
Free cash flow – H1 2017 $82 million
Cash flow from operations – H1 2017 $140 million

KLGOLD.COM
TSX:KL
NYSE:KL
7
FOCUSED ON GROWING SHAREHOLDER VALUE
▪ REPURCHASING SHARES
o NCIB1 up to 10% of issued & O/S shares (15.2M shares), ~3.9M shares repurchased to date
for C$50.3 million
▪ ELIMINATING DEBT
o Paid $44 million to repay 6% conv. debentures on June 30/17
o CAD$62 million 7.5% conv. debenture due Dec. 31/17, conversion price CAD$13.70
▪ BUILDING CASH
o Generated $82M of free cash flow in H1 2017
o $210 million of cash and cash equivalents at September 30, 2017
1) Refers to Normal Course Issuer Bid, please see Kirkland Lake Gold press release dated May 15, 2017.
▪ INTRODUCED QUARTERLY DIVIDEND
o Paid first quarterly dividend of $0.01 per share on July 14, 2017
o Second quarterly dividend of $0.01 per share to be paid October 16, 2017
▪ STRONG OPERATING PERFORMANCE
o Increased guidance twice in H1 2017 (290,733 ozs @ AISC of $794/oz in H1 2017)
o Disciplined approach to business performance (closed 3 mines)

KLGOLD.COM
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FOCUSED ON GROWING SHAREHOLDER VALUE
▪ ACHIEVING EXPLORATION SUCCESS
o Large gold systems at Fosterville and Macassa
o Growing Swan Zone at Fosterville (Swan reserve: 532 koz @ 58.8 g/t cut grade)
o Potential for repeat of Swan Zone mineralization in Lower Harrier at Fosterville
o Extending South Mine Complex at Macassa
o Discovering new areas of gold mineralization at Taylor
▪ INCREASING RESERVES AND RESOURCES
o Increased Macassa reserve 37% at Dec. 31/16 to ~2M ozs
o Fosterville reserve increased 110% at June 30/17 to >1.0M ozs
▪ STRATEGIC INVESTMENTS
o Novo Resources Corp. – Large, near-surface gold system hosted by sequence of conglomerate beds
o Bonterra/Metanor – Emerging gold camp in Western Quebec

KLGOLD.COM
TSX:KL
NYSE:KL
9
MACASSA: HIGH-GRADE, LONG-LIFE RESERVE
38,929
42,866
52,318
48,723
45,699
48,200
12.2
13.7
16.3
17.1
13.9
16.5
10
11
12
13
14
15
16
17
18
Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017
30,000
35,000
40,000
45,000
50,000
55,000
GoldProduction(ozs)
GoldGrade(g/t)
$946 $959
$834
$782 $793
$645
$546
$421
$514 $512
Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017
Production Costs US$/oz2,3 AISC OCC
1) Refer to appendix for NI 43-101 disclosure
2) See Kirkland Lake News Release dated October 11 ,2017 for Q3 and 9M 2017 production results. See News Release dated August 2, 2017 and Q2 2017 MD&A for additional detail reporting Q2 2017 operating costs and AISC results
Long-Life Reserve/Large Resource Base
(As of Dec 31, 2016)1
P&P reserves 2.01M oz @ 20.8 g/t gold (3.0 Mt)
M&I resources 1.32M oz @ 16.6 g/t Au (2.24Mt)
Extensive surface and underground drilling underway.
High-Grade Production2
Low-Cost, High-Margin Ounces2
9M 2017:
142,600 ozs
289.9 kt @ 15.7 g/t

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REGIONAL EXPLORATION ACROSS A PROLIFIC TREND
1) See Kirkland Lake Gold News Release dated June 28, 2017 for more information
▪ Significant expansion potential down dip, along strike
▪ Recent drilling extending South Mine Complex (“SMC”) 259m to east (key intercepts: 19.2 g/t over 0.9m, 160.3
g/t over 0.3m)
▪ Recent highlight results along the easterly strike of the SMC include: 651.8 g/t gold over 3.8m, 102.5 g/t gold
over 3.2m and 100.5 g/t gold over 1.6m
10

KLGOLD.COM
TSX:KL
NYSE:KL
11
FOSTERVILLE: KEY VALUE DRIVER1
37,245 36,967
44,406
46,083
77,069
61,500
7.5 6.9
8.5
11.1
17.2
14.1
4.0
6.0
8.0
10.0
12.0
14.0
16.0
18.0
Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017
20,000
30,000
40,000
50,000
60,000
70,000
80,000
GoldProduction(ozs)
GoldGrade(g/t)
$741 $765
$641
$571
$388
$440 $471
$420
$354
$220
Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017
Production Costs US$/oz
AISC OCC
1) See Kirkland Lake Press release dated October 11, 2017 for information on Q3 and 9M 2017 production. See News Release dated August 2, 2017 and Q2 2017 MD&A for additional detail on operating results. Costs presented for Q4
2016 represent the one month from the closing of the transaction with Newmarket Gold to December 31, 2016 (see Slide 2 for information regarding Non-GAAP measures).
High-Grade Production Low-Cost, High-Margin Ounces
Fosterville Gold Mine 2017 Guidance Improved
Production
New: 250,000 – 260,000 ozs; Prior: 200,000 – 225,000 ozs
Op. Cash Costs/Ounce Sold ($)
New: $260 – $280; Prior: $310 – $330
9M 2017:
184,700 ozs
428.6 kt @ 14.2 g/t

KLGOLD.COM
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FOSTERVILLE: UNDERGROUND MINERAL RESERVE INCREASES 110%
JUNE 2017 DECEMBER 2016
TONNES
(000’S)
GRADE
(g/t)
OUNCES
(kozs)
TONNES
(000’S)
GRADE
(g/t)
OUNCES
(kozs)
Underground 2P 1,790 17.9 1,030 1,560 9.8 490
June 2017 Mineral Resources (Exclusive of Reserves)
JUNE 2017
TONNES GRADE (g/t) OUNCES (kozs)
Underground M+I 13,700 4.4 1,940
Underground Inf 5,560 5.8 1,040
▪ Underground mineral reserves more than doubled to 1,030,000 ozs
▪ Underground reserve grade increased 83% to 17.9 g/t Au
• Swan mineral reserve: 532 koz at 58.8 g/t Au
• Swan mineral resources: Indicated 8 koz at 86.7 g/t Au, Inferred 56 koz at 56.0 g/t
June 2017 Mineral Reserves
1) CIM definitions (2014) were followed in the calculation of Mineral Reserves
2) Mineral Reserves were estimated using a long-term gold price of US$1,200/oz (A$1,500/oz)
3) Cut-off grades varied from 2.0 g/t Au to 3.1 g/t Au, depending upon width, mining method and ground conditions; Dilution varies from 5 to 40 % and mining recovery ranging between 60 – 100% were applied to stopes within the
Mineral Reserve estimate
4) Mineral Reserves estimates were prepared under the supervision of Ion Hann, FAusIMM
5) Fosterville CIL Residues are stated as Proven contained ounces. Mill recoveries of 25% are planned, based on operating performance
6) Mineral Resources were estimated using cut-off grades 0.7 g/t Au for oxide and 1.0 g/t Au for sulfide mineralization to potentially open-pitable depths of approximately 100m, below which a cut-off grade of 3.0 g/t Au was used
7) Mineral Resource estimates were prepared under the supervision of Troy Fuller, MAIG;
8) Totals may not add exactly due to rounding
12

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FOSTERVILLE – UPDATED JUNE 2017 RESERVES
Lower Phoenix
North
Lower Phoenix
Swan Zone
Harrier South

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14
SWAN ZONE – NEW EXTENSIONS TO HIGH-GRADE ZONE

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HARRIER SOUTH – PRODUCTION TARGETED FOR 2018

KLGOLD.COM
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FOSTERVILLE: IN-MINE EXPLORATION
16
▪ Focus on accelerating conversion in three production horizons – Lower Phoenix (Swan),
Lower Phoenix North and Harrier South
▪ Significant step-out drilling along plunge at Swan Zone
▪ 2017 program consists of underground development, drilling and geophysics/geochemistry
Lower Phoenix
Harrier South
Lower Phoenix
North
Planned drilling targeting Swan, Harrier and LP North
Swan Zone

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FOSTERVILLE: LARGE ORE DEPOSIT EXPLORATION (“LODE”)
17
▪ Mining lease (MIN5404:~17km2) contains
o ~10km strike length of Mineral Resources
o ~7km on Fosterville Fault Line, and
o ~3km on the O’Dwyer’s Fault Line.
▪ Surrounding exploration leases encompass
o ~505km2 and
o ~60km potential gold-structures on 7 interpreted
fault lines.
▪ 5 of the 7 lines contain known gold occurrences with
historic resources and/or historic workings.
▪ FGM processing plant within 30km of prospective targets.
FGM Mill
➢ LODE program proposed in aggressive 2-year
exploration of EL3539

KLGOLD.COM
TSX:KL
NYSE:KL
KIRKLAND LAKE GOLD (TSX:KL, NYSE:KL)
18
High-grade, low-
cost production
Strong free cash
flow
Focused on increasing shareholder value
Extensive organic
growth

APPENDIX
Notes, additional disclosure and other information
KLGOLD.COM
TSX:KL
NYSE:KL

KLGOLD.COM
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BOARD OF DIRECTORS
20
Board of Directors
Eric Sprott Chairman of the Board
Anthony Makuch President & CEO
Barry Olson Independent
Pamela Klessig Independent
Jeffrey Parr Independent
Raymond Threlkeld Independent
Jonathan Gill Independent
Arnold Klassen Independent

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Q3 & 9M 2017 PRODUCTION
21
Q3 2017 Q3 2016 Q2 2017 9M 2017 9M 2016
Fosterville
Ore Milled (tonnes) 143,300 185,100 147,500 428,600 516,800
Grade (g/t Au) 14.1 6.9 17.2 14.2 7.2
Recovery (%) 94.7 89.7 94.7 94.4 89.1
Gold Production (oz) 61,500 37,000 77,100 184,700 107,400
Macassa
Run-of-Mine 92,400 81,500 90,000 267,900 256,600
Low-Grade 1,000 18,900 15,100 22,000 32,500
Grade (g/t Au) 16.5 13.7 13.9 15.7 13.6
Run-of-Mine 16.6 16.5 16.0 16.9 15.2
Low-Grade 2.0 1.5 1.4 1.6 1.6
Recovery (%) 97.4 96.9 97.0 97.2 97.0
Holt
Grade (g/t Au) 4.5 4.8 4.7 4.6 4.5
Recovery (%) 94.5 95.1 94.8 94.7 94.5
Taylor
Grade (g/t Au) 5.0 7.1 5.8 5.5 7.1
Recovery (%) 95.5 97.1 96.2 96.2 96.9
Operations on Care & Maintenance(1)
Cosmo
Holloway
Gold Production (oz) n/a 7,800 n/a 300 16,900
Stawell
Gold Production (oz) n/a 8,200 n/a n/a 25,200
Gold Production (excluding operations on care
and maintenance) 137,800 106,500 150,100 408,900 298,400
Total Consolidated Production (oz) 139,100 133,200 160,300 429,800 383,000

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MACASSA – Q2 & H1 2017 OPERATING RESULTS
22
Three months ended June 30, Six months ended June 30,
Operating results 2017 2016 2017 2016
Total ore milled (t) 105,084 103,052 196,544 195,916
Run of mine (t) 90,001 89,436 175,547 175,146
Low grade (t) 15,083 13,616 20,997 20,770
Average grade (g/t) 13.9 12.2 15.4 12.8
Run of mine tonnes 16.0 13.8 17.0 14.1
Low grade tonnes 1.4 1.7 1.6 1.9
Recovery (%) 97.0 97.3 94.1 97.3
Ounces produced 45,699 38,929 94,422 79,983
Development metres - operating 687 1,311 1,504 2,930
Development metres - capital 1,608 1,203 3,084 2,620
Operating cash costs per ounce sold $512 $645 $513 $581
All-in sustaining costs ($/oz sold) $793 $946 $787 $863
Total capital expenditures (in thousands) $11,598 $10,238 $24,269 $20,453

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HOLT – Q2 & H1 2017 OPERATING RESULTS
23
Average grade (g/t) 4.7 4.4 4.7 4.3
Recovery (%) 94.8 93.8 94.8 94.1
Ounces produced 15,101 12,862 30,419 22,524
Development metres - operating 1,215 832 2,220 1,338
Development metres - capital 746 1,370 1,872 2,005
All-in sustaining costs ($/oz sold) $993 $1,146 $1,011 $1,034

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TAYLOR – Q2 & H1 2017 OPERATING RESULTS
24
Run of mine (t) 67,520 51,994 130,809 83,481
Low grade (t) - 4,566 - 4,566
Average grade (g/t) 5.8 6.7 5.7 6.8
Run of mine tonnes 5.8 7.1 5.7 7.1
Low grade tonnes - 2.3 - 2.3
Recovery (%) 96.2 96.8 96.5 96.4
Ounces produced 12,218 11,721 23,160 19,068
Development metres - operating 823 712 1,947 1,005
Development metres - capital 645 888 1,122 1,556

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FOSTERVILLE – Q2 & H1 2017 OPERATING RESULTS
25
Total ore milled (t) 147,486 - 285,273 -
Average grade (g/t) 17.2 - 14.2 -
Recovery (%) 94.7 - 94.3 -
Ounces produced 77,069 - 123,153 -
Development metres - operating 621 - 1,175 -
Development metres - capital 1,077 - 1,965 -
Operating cash costs per ounce sold $220 - $274 -
All-in sustaining costs ($/oz sold) $388 - $461 -
Total capital expenditures (in thousands) $12,268 - $22,404 -

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COSMO1
– Q2 & H1 2017 OPERATING RESULTS
26
Total ore milled (t) 124,440 - 244,486 -
Average grade (g/t) 2.7 - 2.6 -
Recovery (%) 95.6 - 95.0 -
Ounces produced 10,213 - 19,305 -
Development metres - operating 372 - 789 -
Development metres - capital 398 - 860 -
Operating cash costs per ounce sold $1,648 - $1,583 -
All-in sustaining costs ($/oz sold) $1,867 - $1,907 -
Total capital expenditures (in thousands) $2,081 - $6,422 -
(1) Cosmo mine was placed on care and maintenance effective June 30, 2017

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SUMMARY OF RESULTS FOR Q2 and H1 20171
271) See Kirkland Lake Gold News Release dated August 2, 2017 and Q2 2017 MD&A for additional information on the Company’s Q2 and H1 2017 operating and financial results
Consolidated Operational Results
(in thousands of dollars, except per share amounts) 2017 2016 2017 2016
Revenue $189,894 $91,689 $358,422 $171,615
Production costs 72,926 48,174 153,535 90,889
Net earnings before taxes 52,294 17,016 77,270 31,516
Net earnings 34,552 10,642 47,704 19,758
Earnings per share - basic 0.17 0.09 0.23 0.18
Earnings per share - diluted 0.16 0.09 0.23 0.18
Cash flow from operations 71,027 40,267 139,632 72,095
Cash flow from operations per share - basic 0.34 0.35 0.67 0.65
Cash flow from operations per share - diluted 0.34 0.34 0.67 0.64
Cash investment on mine development and PPE $26,270 $16,320 $57,710 $29,669
2017 2016 2017 2016
Tonnes milled 550,057 297,645 1,070,944 528,113
Grade (g/t Au) 9.5 8.0 8.8 8.2
Recovery (%) 95.5 96.1 95.5 96.1
Gold produced (oz) 160,305 68,338 290,733 130,613
Gold sold (oz) 151,208 72,144 289,109 141,453
Average realized price ($/oz sold)(1)
$1,256 $1,271 $1,240 $1,213
Operating cash costs per ounce sold ($/oz sold) $482 $666 $521 $618
Adjusted net earnings(1)
$35,630 $11,814 $51,809 $22,442

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BALANCE SHEET – JUNE 30, 2017
1
28
1) See Kirkland Lake Gold Q2 2017 Financial Report dated August 1, 2017 for additional details related to the Company’s most recent balance sheet

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NI 43-101 DISCLOSURE
Kirkland Lake Gold Qualified Person and QA/QC
All production information and other scientific and technical information in this presentation with respect to Kirkland Lake Gold and its assets were prepared in accordance with the standards
of the Canadian Institute of Mining, Metallurgy and Petroleum and National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and were prepared, reviewed,
verified and compiled by Kirkland Lake Gold’s mining staff under the supervision of, Pierre Rocque P. Eng., Kirkland Lake Gold’s Vice President, Canadian Operations or Ian Holland, Vice
President, Australian Operations.
The exploration programs across Kirkland Lake Gold’s land holdings in Kirkland Lake were prepared, reviewed, verified and compiled by Kirkland Lake Gold’s geological staff under the
supervision of Doug Cater, P.Geo., the Company’s Vice President of Exploration, Canadian Operations or John Landmark, Vice President, Exploration, Australian. All reserve and resource
estimates for the Kirkland Lake Properties as at December 31, 2014 have been audited and verified, and the technical disclosure has been approved, by Kirkland Lake Gold’s independent
reserve and resource engineer, Glenn R. Clark, P. Eng., of Glenn R. Clark & Associates Limited. Mr. Clark is a ‘qualified person’ under NI 43-101. The QP’s for the mineral reserves and resources
outlined under the PDFZ Properties are Doug Cater, P. Geo, and, Pierre Rocque P. Eng., the Vice President of Technical Services respectively.
Sample preparation, analytical techniques, laboratories used and quality assurance-quality control protocols used during the exploration drilling programs are done consistent with industry
standards and independent certified assay labs.
REFER TO KIRKLAND LAKE GOLD ANNUAL INFORMATION FORM DATED MARCH 30, 2017, AVAILABLE ON SEDAR (www.sedar.com) FOR COMPLETE NI 43-101 NOTES AND DISCLOSURE PERTAINING TO THE
RESOURCE AND RESERVE STATEMENTS QUOTED HEREIN. All updated NI 43-101 TECHNICAL REPORTS IN SUPPORT OF THE COMPANY’S NEWS RELEASES ISSUED ON MARCH 30, 2017, ENTITLED “KIRKLAND LAKE
GOLD INCREASES MINERAL RESERVES AT FLAGSHIP MACASSA MINE BY 37% AND FOSTERVILLE MINE BY 66%” WILL BE FILED ON MARCH 30, 2017 ON SEDAR AT WWW.SEDAR.COM
Qualified Persons
Pierre Rocque, P.Eng., Vice President, Canadian Operations is a "qualified person" as defined in National Instrument 43-101 and has reviewed and approved disclosure of the Mineral
Reserves technical information and data for all Kirkland Lake Gold assets in this News Release.
Simon Hitchman, FAusIMM (CP), MAIG, Principal Geologist, Troy Fuller, MAIG, Geology Manger and Ion Hann, FAusIM, Mining Manager, are “qualified person” as such term is defined in
National Instrument 43-101 and has reviewed and approved the technical information and data from the Australian Assets included in this News Release.
Doug Cater, P. Geo Vice President, Exploration, Canada is a "qualified person" as defined in National Instrument 43-101 and has reviewed and approved disclosure of the Mineral Resources
technical information and data for the Canadian Assets included in this News Release.
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Cautionary Note to U.S. Investors - Mineral Reserve and Resource Estimates
All resource and reserve estimates included in this news release or documents referenced in this news release have been prepared in accordance with Canadian National Instrument 43-101 - Standards of Disclosure
for Mineral Projects ("NI 43-101") and the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") - CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as
amended (the "CIM Standards"). NI 43-101 is a rule developed by the Canadian Securities Administrators, which established standards for all public disclosure an issuer makes of scientific and technical information
concerning mineral projects. The terms "mineral reserve", "proven mineral reserve" and "probable mineral reserve" are Canadian mining terms as defined in accordance with NI 43-101 and the CIM Standards.
These definitions differ materially from the definitions in SEC Industry Guide 7 ("SEC Industry Guide 7") under the United States Securities Act of 1933, as amended, and the Exchange Act.
In addition, the terms "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" are defined in and required to be disclosed by NI 43-101 and the CIM
Standards; however, these terms are not defined terms under SEC Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the U.S. Securities and Exchange
Commission (the "SEC"). Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into reserves. "Inferred mineral resources" have a great amount of
uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category.
Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in very limited circumstances. Investors are cautioned not to assume that all or
any part of a mineral resource exists, will ever be converted into a mineral reserve or is or will ever be economically or legally mineable or recovered.

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Mark Utting, VP of Investor Relations
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