19 corp presentation-bigevent-timmins-handouts-01jun16

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TSX:KGI 1 klgold.com

TSX:KGI

GROWTH & VALUE

Creating an Ontario

Focused Intermediate

Gold Producer

Timmins Mine Expo – The Big Event | June 1-2, 2016



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TSX:KGI 2 klgold.com TSX:KGI klgold.com 2

Forward Looking Statements

Cautionary Note Regarding Forward Looking Statements.

Statements made in the Company’s handouts and as part of the corporate presentation contain statements which

constitute ”forward-looking statements”, including statements regarding the plans, intentions, beliefs and current

expectations of the Company with respect to the future business activities and operating performance of the Company. The

words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar

expressions, as they relate to the Company, are intended to identify such forward-looking statements. Forward-looking

statements used in handouts and as part of the corporate presentation include, but may not be limited to;

statements regarding the Company’s guidance metrics for 2016 and 2017 including, gold production, head grade,

cash operating costs, AISC, capital expenditures, revenue, cash flow from operations and free cash flow

generation; the exploration programs and associated budgets with respect to the Kirkland Lake Camp and East

Timmins Assets and the results and timing thereof, the medium to long-term strategy and potential of the

Company to continue to grow by way of organic growth and/or through various strategic transactions, including

mergers and acquisitions.

With respect to the forward looking information of Kirkland Lake Gold, concerning gold resources and reserves of the Kirkland Lake properties and

the East Timmins properties, and the development of such properties are subject to various key assumptions described in the Annual Information

Forms and Technical Reports of both Kirkland Lake Gold and St Andrew Goldfields Ltd. referred to herein and as filed on the SEDAR profiles of both

companies at www.sedar.com and on the Company’s website at www.klgold.com.

Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered

reasonable at the date the statements are made such as, without limitation, opinion, assumptions and estimates of management regarding the

Company’s business, its ability to increase its production capacity and decrease its production cost. Such opinions, assumptions and estimates, are

inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ

materially from those projected in the forward-looking statements. These factors are discussed in length in the Company's annual Management's

Discussion and Analysis and Annual Information Form for the year ended December 31, 2015 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 statements prove

incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or

expected. Although the Company 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. The Company does not intend,

and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

http://www.sedar.com/





http://www.klgold.com/












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A New Mid-Tier Gold Producer

STRONG LEADERSHIP

ROBUST PRODUCTION AND ASSET DIVERSIFICATION FROM 4 MINES

INCREASED FINANCIAL FLEXIBILITY AND SOLID BALANCE SHEET

EXPLORATION POTENTIAL IN TWO HISTORIC CAMPS WITHIN THE ABITIBI

SUSTAINABLE, PROFITABLE

MID-TIER GOLD PRODUCER

• Ontario focused gold producer targeting between

270-290 koz’s in 2016

• Healthy balance sheet with $130 million in cash;

balance is in excess of the convertible debentures

that come due in 2017

• Combined strong future cash flow generation

• Consolidation of large land holdings in the heart of

two Ontario gold camps

• Robust level of reserves and resources with 2.3

Moz’s of P&P reserves, 3.7 Moz’s of M&I

resources plus an additional 3.9 Moz’s of inferred

resources*

• Benefits with all Canadian assets leveraged to the

Canadian dollar gold price

*See Appendix for more disclosure on MRMR statement which is as of December 31, 2014. The M&I and Inferred resources do not include the

Aquarius Project which currently has M&I resources of 926,000 ounces (22.3M tonnes at a grade of 1.3 g/t Au and Inferred resources of 230

ounces (9,000 tonnes at a grade of 0.8 g/t Au.



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Key Transformational Milestones

Operational Improvements

Refocused operations on quality tonnes versus quantity tonnes.

Efficiency improvements and strict adherence to grade control allowed

for increased production with reduced manpower levels.

Resulted in a return to profitability and free cash flow generation.

Balance Sheet Improvements

Completed a successful C$33.5M bought deal; Announced NCIB to

repurchase Convertible Debentures.

Repurchased a total of $7.2M of Convertible Debentures at a

discount. Steady increase in cash balance since July 31, 2014.

Resulted in a strengthened balance sheet with ability to repay debt

obligations.

Strategic Transactions

Accretive acquisition of St Andrew Goldfields Ltd., at the bottom of the market to de-risk the business and

grow production and cash flow generation.

Increased production by ~100,000 ounces in 2016 and ability for further increases in 2017 and

beyond.

Improved valuation achieving a $1 billion market cap and enhanced access to capital markets and debt

providers.



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KGI Relative Share Price Performance

Source: FactSet.

Note: Performance as at April 29, 2016.

177%

18%

29%

(50%)

0%

50%

100%

150%

200%

Nov-13 Jan-14 Apr-14 Jul-14 Oct-14 Jan-15 Apr-15 Jul-15 Oct-15 Dec-15 Mar-16

Kirkland Lake (TSX:KGI) Gold Price (C$/oz) GDX Index (C$)



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Financial Position

52 Week Performance 2

HIGH C$9.58

LOW C$4.49

Current Share Price C$9.57

CAPITAL STRUCTURE 1

ISSUED SHARES 115.5 million

Stock Options ~4.3 million

FULLY DILUTED ~119.8 million

Market Capitalization 2 C$1,094M

Enterprise Value 2

C$1,104M

Major Shareholders (~40%) 2

Van Eck Associates Corporation (~10%)

Resolute Funds (~7%)

Eric Sprott (~6%)

Sentry Select (~5%)

Columbia Asset Management LLC (~5%)

Abramson Family (~5%)

Harry Dobson (~3%)

Sprott Asset Management (~3%)

CASH 1

C$ 100 million

US$23.7 million

DEBT C$119 million 3

convertible debentures

(principal amount owing)

KGI.DB: 6% coupon/ $15.00 strike

C$56.9MM mature Jun/2017

KGI.DB.A: 7.5% coupon/ $13.70 strike

C$62.1MM mature Dec/2017

NCIB allows KGI to purchase up to 10% of each issue within a 12

month period commencing April 6, 2016, and can be renewed

annually 3

ROYALTY 2.5% NSR Franco Nevada Corporation

Option to buyback 1% by October 31, 2016, at a cost of

US$36MM less any money paid against the 1%

1 As at March 31, 2016: 2 As at April 29, 2016

3 See press release dated April 4, 2016 for details on the NCIB



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Deleveraging the Balance Sheet

(200.0)

(150.0)

(100.0)

(50.0)

-

50.0

100.0

150.0

DE

BT

/ C

AS

H

$7M Flow Through

Raise

$33.5M Bought

Deal Financing

($110) ($104)

($97)

($56) ($56)

($48)

($40)

($10)

Note: Convertible Debentures are due in June and December of 2017.

See page 6 above for breakdown of each tranche and respective terms.



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Q1/16 Financial Results

All amounts are in C$ unless otherwise stated. Q1 2016 Q1/16 Vs

FQ4/15

CO

ST

S

Operating Cost (per tonne produced) $262

US$191

-33%

-39%

Operating Cost (per ounce sold) $846

US$616

0%

-9%

All-In Sustaining Costs (per ounce sold) $1,246

US$907

-1%

-10%

SA

LES

Gold Sales (ounces) 69,309 +77%

Average Realized Sales Price $1,584

US$1,154 +7%

Revenue (millions) $109.8M +90%

CA

SH

FLO

W

Cash Flow from Operations (millions) $43.7M +111%

Free Cash Flow (millions) $23.6M +203%

Comparative figures are to the closest corresponding period in the previous year, and prior to Q1/16 do not include results from the East

Timmins Operations. Consolidated results do not include results from the ETO from January 1st to January 25th, prior to close of the

transaction with St Andrew.



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All-in Sustaining Cost Trend Over 12 Quarters

1,011 1,073 1,165

996 811 856 786 842 846 807 815 846

$0

$500

$1,000

$1,500

$2,000

Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/SY15 Q2/SY15 Q3/SY15 Q1/16

Operating Costs Capital Development PP&E Royalties

Corporate G&A Mine-Site Exploration Average Realized Sales Price

All amounts are in C$

$1,584



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Estimated Cash Flows

2 Year Cash Flow Expectations 1 2016E (millions of C$)

2017E (millions of C$)

Opening Cash Balance (January) $130.5 2

$143.5

Royalty Buyback (one off payment in Q4/16 that will affect free cash)

(~$40.0/ US$30) -

Free Cash Flow 4 $22 $95

Debt Obligations (interest and/or debt repayment)

($9.0) (~$63.6) 3

Closing Cash Balance (December) $143.5 $174.4

Notes: 1 Cash Flow assumptions are based on a POG of C$1,500/Oz ; a USD to CAD exchange rate of 1.3; Production of 280kos’z in 2016 and

300koz’s in 2017; Capital Expenditures of C$120M in 2016 and C$100M in 2017; and Cash Operating Costs of C$850/oz. 2 Cash Balance is as of March 31, 2016. 3 Debt obligations in 2017 include the payback of the first tranche of the convertible debentures (C$56.9M), plus assumed prorated interest

for the year. 4 Free Cash Flow is a non-GAAP performance measures. While it is a common performance measures in the mining industry it does not

have any standardized meaning. The Company provides a reconciliation of its non-GAAP performance measures in its most recent

Management Discussion & Analysis (“MD&A”), for the period ended December 31, 2015.

The above cash flow expectations are based on internal projections prepared by management and are subject change depending on variability and

input metrics used. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management

considered reasonable at the date the statements are made such as, without limitation, opinion, assumptions and estimates of management

regarding the Company’s business. Refer to Cautionary Language set about above on page 2.



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2016 Guidance Metrics

Guidance Metrics All figures are in C$ unless stated otherwise

Macassa Mine

Complex

East Timmins

Operations (ETO) 2016 Guidance

Gold Production 1 (kozs) 160-170 110-120 270– 290

Head Grade (g/t Au) 15.1 4.8 7.7

Cash Operating Cash Costs ($/Oz) $800 - $850 (US$600-US$650) 3

All-In Sustaining Costs 2 ($/Oz of gold

sold) $1,300 - $1,350 (US$1,000- US$1,050) 3

Total Capital Expenditures

(New & Sustaining Capital, Property, Plant

& Equipment)

$70 Million $50 Million $120 Million

1 Production includes East Timmins for the first 25 days of January (7,189 ozs), as the acquisition of St Andrew Goldfields Ltd., did not close until January 26,

2016. 2 AISC costs per ounce sold is a non-GAAP performance measures. While it is a common performance measures in the mining industry it does not have any

standardized meaning. The Company provides a reconciliation of its non-GAAP performance measures in its most recent Management Discussion & Analysis

(“MD&A”), for the period ended December 31, 2015. 3 USD:CAD exchange rate of 1.3

Q1/16 Production

69,464 ozs

Guidance

270 – 290 kozs On track to meet 2016 Production Guidance



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Diversified Assets In A Prolific, Mining Friendly Region

East Timmins Operations (“ETO”)

Q1/16 Production1 28.4 koz Au

Q1/16 Head Grade 5.1 g/t Au

Holt Mill 3,000 tpd (75% utilized)

Resources & Reserves*

Total P&P

(including Hislop Mine) 0.8 Mozs (5.3 g/t Au)

Holt Mine 591 kozs (4.8 g/t Au)

Taylor Mine 156 kozs (6.3 g/t Au)

Holloway Mine 40 kozs (5.4 g/t Au)

Measured & Indicated

(Property Wide) 2.7 Mozs (2.4 g/t Au)

Inferred


Macassa Mine Complex

Q1/16 Production 41.1 koz Au

Q1/16 Head Grade 15.1 g/t Au

Macassa Mill 2,000 tpd (50% utilized)

Reserves & Resources*

Total P&P Reserves

(Macassa Mine Complex) 1.5 Mozs (19.2 g/t Au)

Measured & Indicated


Inferred (Property Wide) 1.7 Mozs (19.2 g/t Au)

*Resources are exclusive of Reserves. See Company websites for NI 43-101 disclosure

(www.kllgold.com; www.sasgoldmines.com)

Assets in close proximity

within an 80km radius,

accessed by provincial

highways.

QUÉBEC

1 Q1 Production from East Timmins Operations includes 7,189 ounces from ETO from

January 1 to January 25, 2016. 2 AISC is a non-GAAP measure, see SY2015 MDA for reconciliation of non-GAAP measures



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A Corner Stone

High-Grade Asset

MACASSA MINE

COMPLEX



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Macassa Mine Complex 2016 Guidance

Reserves & Resources

Property Wide SMC

Mineral Reserves

(P&P) 1.5 Moz’s @ 19.2 g/t

2.4M tonnes

0.9 Moz’s @ 22.3 g/t 1.3M tonnes

Mineral Resources

(M&I) 2.0 Moz’s @ 16.8 g/t

3.8M tonnes


Mineral Resources

(Inferred) 1.7 Moz’s @ 19.2 g/t

1.9M tonnes


2016E

Gold Production (kozs) 160 – 170 70% of tonnes from the SMC and 30%

from the ’04/Main Break

Head Grade (g/t Au) 15.1 Blended head grade based on tonnes

produced from each area of the mine.

Property, Plant & Equipment (Includes minor infrastructure

improvement projects)

$25

The $25 million includes a carry-over of

approx. $8 million from 2015 due to a

delay in the delivery of equipment from the

manufacturer.

Capital Development $45 Includes new and sustaining capital

See Appendix for more disclosure on MRMR statement which is as of

December 31, 2014.



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One of the Highest Grade Gold Mines In The World Select Group of Producing Assets with +1Moz’s in Reserves

Mine Operator Location Gold Grade Reserves Reserve Update

g/t Au Date

Macassa Mine Complex Kirkland Lake Gold Canada (Ontario) 19.2 1.5 Moz Dec/2014

Turquoise Ridge Barrick USA (Nevada) 15.3 4.2 Moz Dec/2015

Dvolnye Kinross Russia 15.0 1.0 Moz Dec/2015

Moab Khotsong AngloGold Ashanti South Africa 10.1 5.5 Moz Dec/2014

Mponeng AngloGold Ashanti South Africa 9.6 12.1 Moz Dec/2014

Red Lake Goldcorp Canada 9.1 2.1 Moz Dec/2015

Kupol Kinross Russia 8.5 2.1 Moz Dec/2015

TauTona AngloGold Ashanti South Africa 8.1 1.2 Moz Dec/2014

19.2

15.3 15.0

10.1 9.6 9.1 8.5 8.1

0.0

5.0

10.0

15.0

20.0

25.0

Macassa MineComplex

Turquoise Ridge Dvolnye Moab Khotsong Mponeng Red Lake Kupol Tau Tona

Gra

de g

/t

Reserve Grades

Company Source – This is a select group of Companies that illustrate producing mines only with mineral reserves in excess of 1Moz’s (gold only, no equivalent Au ounces shown)



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5025 Level

P+P 28,000 Tons @ 0.48 oz/ton 14,000 Oz’s

M+I 74,000 Tons @ 0.42 oz/ton 32,000 Oz’s

5300 Level

P+P 561,000 Tons @ 0.47 oz/ton 261,000 Oz’s M+I 245,0000 Tons @ 0.43 oz/ton 107,000 Oz’s

5400 Level


5600 Level


5700 Level


South Mine Complex

OPEN

*Drawing not to scale

5800 to 6600 Level

P+P 50,000 Tons @ 0.83 oz/ton 41,000 Oz’s

M+I 551,000 Tons @ 0.91 oz/ton 499,000 Oz’s

OPEN

OPEN

16.5 g/t

16.1 g/t

20.9 g/t

26.4 g/t

35.3 g/t

28.5 g/t

Fully developed

and currently in

production

80% developed

with 6 stopes in

production

Currently in development, first

stopes expected to come into

production in Q4/16

Ramp development towards 5700 Level

in progress, expected to start

developing this level in 2017



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Sustainable Assets

EAST TIMMINS

ASSETS



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East Timmins Operations 2016 Guidance

Reserves & Resources

Property Wide

Mineral Reserves

(P&P) 0.8 Moz’s @ 5.3 g/t

5.2M tonnes

Mineral Resources

(M&I) 1.7 Moz’s @ 4.2 g/t

12.9M tonnes

Mineral Resources

(Inferred) 2.2 Moz’s @ 4.5 g/t

14.9M tonnes

See Appendix for more disclosure on MRMR statement which is as of December 31, 2014.

2016E

Gold Production (kozs) 110 - 120 Holt, Holloway and Taylor mines.

Head Grade (g/t Au) 4.8 Blended head grade based on tonnes

produced from each mine.

Property, Plant & Equipment $20 Includes PP&E, and minor infrastructure

improvement projects

Capital Development $30 Includes new and sustaining capital

HOLT MINE

~1,250tpd

HOLLOWAY MINE

~500tpd

TAYLOR MINE

~550tpd

*The property wide M&I and Inferred resources do not include Aquarius which currently has 0.9

Mozs (22.3M tonnes at 1.3 g/t Au) and inferred resources of 230 ounces (9,000 tonnes at 0.8 g/t

Au).



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East Timmins Properties along the PDFZ

Holt, Holloway, Taylor Producing Assets

Hislop Care & Maintenance

Ludgate, Aquarius Exploration Targets with existing resources

Garrison Creek Exploration Target

120km strike of contiguous land straddling the Porcupine-Destor Fault Zone

Blackfox Mine & Greyfox Deposit

(Primero Mining)

Aquarius

Hislop

Ludgate

Garrison

Creek

120km

N

Fenn-Gibb Deposit

(Lake Shore Gold)



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Organic Growth

Opportunities

EXPLORATION

PROGRAMS



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2016 Exploration Programs

Kirkland Lake Camp

(~$10MM)

Mine-site Exploration (underground)

• SMC drilling to convert Inferred resources into M&I, find new resources to extend mine life

• ’04 Break drilling to identify a new mining horizon at a higher elevation, in closer proximity to the shaft

Regional Exploration Program (surface)

• Test for the extension of the SMC or a new ore body similar to that of the SMC

• Test the Main Break at depth

East Timmins Assets

(~$8MM)

Mine-site Exploration (surface and underground)

• Focused exploration program to delineate resources and extend mine-life at the Holloway and Taylor mines.

Land Position Evaluation

• Continue to evaluate the East Timmins land position and assets for future exploration efforts either towards the end of 2016 or beginning of 2017

• Asses assets for possible divestiture or JV opportunities



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Plan View of SMC Drilling in Relation to Infrastructure



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SMC Drilling on the South Claims



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Underground Drilling Testing a New Zone on the ‘04 Break



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The ‘04 Break Drilling East of the Tegren Fault



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Holloway Mine Exploration Targets

Long Section Looking North

Smoke Deep Zone

Smoke down plunge

2016 Exploration target

Holloway North


Smoke Up Dip


Black Top

Lightning Zone



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Taylor Mine Exploration Targets

Long Section Looking North

West Porphyry Zone (WPZ)

Indicated 248 koz

1.63M tonnes @ 4.7 g/t

Inferred 251 koz

1.86M tonnes @ 4.2 g/t



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Kirkland Lake Gold Camp

The Kirkland Lake gold

camp has been in

production for over 100

years

One of the highest grade

gold camps in the world

Almost 25 Moz’s has been

produced to date, from

seven mines

KGI owns five former

producing high grade

mines with historical

production of ~22 Moz’s of

gold

Average head grade of

15.1 g/t

Currently only mining and

exploration on one of these

past producers

Toburn



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Regional Exploration Across a Prolific Trend

• Initial results from our regional program do not appear to be Main Break related (Phase 1)

• Geophysics anomalies identified and follow-up targeting exercise completed as part of Phase 1a

• Phase 1a program has 2 remaining holes in progress.

• Phase 2 will target the Main Break at depth and consist of infill drilling.

Kirkland

Minerals

See press release dated January 19, 2016, as filed on SEDAR



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Regional Drilling – Section Looking East

SELECTED HIGHLIGHTS

AB-15-12

11.7 g/ 0.3 metres

0.34 opt/ 1.0 feet

AB-15-23 3,241.4 g/ 0.7 metres

94.54 opt/ 2.3 feet

11.7 g/ 0.3 metres

0.34 opt/ 1.0 feet

AB-15-53 12.3 g/ 0.5 metres

0.36 opt/ 1.7 feet

AB-15-91 646.3 g/ 0.9 metres

18.85 opt/ 2.8 feet

including 1,783.2 g/ 0.3 metres

52.01 opt/ 1.0 feet

And 89.5 g/ 0.3 metres

2.61 opt/ 1.0 feet

See press release dated November 3, 2015, as filed on SEDAR



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Future Upside Potential

Yet to Be Unlocked

BUILDING VALUE



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2.8x

1.6x 1.5x1.3x

1.2x 1.2x1.0x

0.8x 0.8x

Hecla KirklandLake

Klondex Richmont Alamos SilverStandard

Argonaut Wesdome Primero

KGI Offers Great Value Among Peer Group

Note: * SSO values and broker estimates include impact of CRJ; KGI cash costs assume no by-product credits.

Source: Analyst reports and FactSet.

2016 Au Eq. Production (k oz)

P/2016 Cash Flow P/NAV

2016 Au Eq. Cash Costs (US$/oz)

14.4x

11.1x 11.0x 10.8x

9.0x 8.6x7.5x

7.0x

4.5x

Alamos Wesdome Hecla Richmont Klondex KirklandLake

Argonaut SilverStandard

Primero

$842$788 $787 $784

$729$698

$660$629

$586

Hecla Alamos Wesdome Argonaut SilverStandard

Richmont KirklandLake

Klondex Primero

481

398379

282 265

148 137102

54

Hecla Alamos SilverStandard

KirklandLake

Primero Klondex Argonaut Richmont Wesdome



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Adding Value Through A Variety of Projects

Efficiency

Improvements

Short to Medium Term

Growth Possibilities

Organic Growth

Opportunities

(3-5 years)

Strategic

Transactions

Ventilation Changeover

at Macassa Mine

Complex (2016)

Hislop Mine (Potential to

restart open-pit mining in

2016/2017)

KL Regional Drilling

Program

(Additional Production

from the KL Camp)

J/V or Partnerships

Use of Tele-remote

Scooptrams

(testing in 2016)

04’ Break above 3400 Level

(2017)

Holloway Exploration

Program

(Potential to Increase

Throughput)

Acquisition or

Divestiture of

Non-Core Assets

Process Taylor ore at the

Macassa Mill

(Metallurgical work being

conducted)

Additional Production from

the Ghost Zone at Holt

(2018)

Holt Mine

(Conversion of 1Moz of

Inferred Resources)

Accretive Mergers

& Acquisitions

Taylor Exploration

Program

(Potential to Increase

Throughput)

Note Regarding Forward-Looking Information: The above assumptions are based on internal projections prepared by management and are subject change depending on variability and

input metrics used, as well as results and timing of exploration success, if any. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and

estimates of management considered reasonable at the date the statements are made such as, without limitation, opinion, assumptions and estimates of management regarding the

Company’s business. Refer to Cautionary Language set about above on page 2.



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Investment Highlights

Strong leadership from an experienced management

team with proven results

Asset diversification with 4 mines and 2 mills in a safe

and mining friendly jurisdiction

+270,000 ounces of production with AISC expected

between US$1,000 to US$1,050 for 2016

~$1Billion market capitalization, increased trading

liquidity, and inclusion in the GDX index and possible

future inclusion in the S&P/TSX Composite index

Pure Canadian producer highly leveraged to the

Canadian dollar gold price



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APPENDIX

Notes, additional disclosure

and other information



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Experienced Team

Eric Sprott 2 Non-executive Chairman Barry Cooper, B.Sc., MBA 1 Non-executive Director

Michael Churchill, MBA 4 Non-executive Director Pamela Klessig, P.Geo. Non-executive Director

Barry Olson, M.Sc. 1 Non-executive Director Jeffrey Parr, CPA-CA, BA, MBA 1 Non-executive Director

Dawn Whittaker, LLB Non-executive Director George Ogilvie, P.Eng. Director

George Ogilvie, P.Eng. President & Chief Executive Officer

Perry Ing, CPA-CA, CPA (Ill), CFA 3 Chief Financial Officer

Chris Stewart, P.Eng. VP Operations

Doug Cater, P.Geo. 5 VP Exploration

Keyvan Salehi, P.Eng., MBA 5 VP Corporate Development

Jennifer Wagner, LL.B. Legal Counsel

Suzette N Ramcharan, CPIR Director, Investor Relations

Kevin Fearn, BA, CHRP, CHRL Director, Human Resources

Board of Directors

Senior Management

1 Appointed October 2014; 2 Appointed February 2015; 3 Appointed November 2015, 4 Appointed January 25, 2016, 5 Appointed

February 1, 2015



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Analyst Coverage

Firm Analyst

GMP Oliver Turner

Dundee Securities Ron Stewart

CIBC World Markets Cosmos Chiu

Macquarie Capital Markets Michael Siperco

BMO Capital Markets Brian Quast

M Partners Andrew Mikitchook

Mirabaud Securities Richard Morgan

Firm Analyst

Scotiabank Craig Johnston

PI Financial Philip Ker

National Bank Financial Raj Ray

Clarus Securities Jamie Spratt

Investec Bank Hunter Hillcoat

Pareto Securities John McClintock

KIRKLAND LAKE GOLD IS FOLLOWED BY THE ANALYSTS LISTED ABOVE. THIS LIST IS PROVIDED FOR INFORMATION PURPOSES ONLY AND IS SUBJECT TO CHANGE

AS COVERAGE IS ADDED OR DROPPED BY A FIRM.

OPINIONS, ESTIMATES OR FORECASTS REGARDING KIRKLAND LAKE GOLD'S PERFORMANCE THAT ARE MADE BY THESE ANALYSTS ARE THEIRS ALONE AND DO

NOT REPRESENT THE OPINIONS, ESTIMATES OR FORECASTS OF KIRKLAND LAKE GOLD OR ITS MANAGEMENT.

KIRKLAND LAKE GOLD DOES NOT IMPLY ITS ENDORSEMENT OF, OR CONCURRENCE WITH, SUCH INFORMATION, CONCLUSIONS OR RECOMMENDATIONS AND

TAKES NO RESPONSIBILITY FOR MONITORING, SUPPLEMENTING OR CORRECTING ANY INFORMATION OR FORECASTS PROVIDED BY THE ANALYSTS.



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Holt Mine – Long Section

All figures are rounded.


P&P Reserves M&I Resources Inferred Resources

Holt Mine (All Zones) 591 koz

3.9Mt @ 4.8 g/t Au

957 koz

7.6Mt @ 3.9 g/t Au

1.2 Moz

7.9Mt @ 4.7 g/t Au

Zone 4

(includes Zone 4 East)

201 koz

1.5Mt @ 4.3 g/t Au

544 koz

4.4Mt @ 4.0 g/t Au

23 koz

0.2Mt @ 4.0 g/t Au

Zone 4 West Extension - - 861 koz

5,552,000 @4.82g/t Au

Zone 6 147 koz

0.8Mt @ 6.0 g/t Au

48 koz

0.2Mt @ 7.6 g/t Au

28 koz

0.1Mt @ 7.9 g/t Au

Ghost Zone 152 koz

1.0Mt @ 4.5 g/t Au

159 koz

1.4Mt @ 3.4 g/t Au

92 koz

0.8Mt @ 3.7 g.t Au

500 m

Surface

Shaft Bottom (1.2km)

Ghost Zone

Zone 6

Zone 4

Zone 4 West

Extension

• Current production is derived

from Zone 4 (~1,000tpd) and

Zone 6 (~250tpd)

• Ore is crushed underground and

skipped to surface for processing

at the Holt Mill

View looking north



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Holloway Mine – Long Section

P&P Reserves M&I Resources Inferred Resources

Holloway Mine

(All Zones)

40 koz

0.2Mt @ 5.4 g/t Au

117 koz

0.8Mt @ 4.6 g/t Au

389 koz

0.2Mt @ 4.9 g/t Au

Smoke Deep Zone 24 koz

0.1Mt @ 5.3 g/t Au N/A N/A

Blacktop Zone 16 koz

89kt @ 5.5 g/t Au N/A N/A

Middle Zone - 24 koz

0.2Mt @ 4.2 g/t Au N/A

Deep Thunder/

Canamax - -

350 koz

2.2Mt @ 4.9 g/t Au



• Current production is derived predominantly from the Smoke Deep Zone, with a small contribution from the Blacktop Zone (~550tpd)

• Ore is crushed underground, skipped to surface, and trucked 1km to the Holt Mill for processing

Surface

500 m

Shaft Bottom (867m)

Smoke Deep Zone

Blacktop Zone

Canamax Zone

Deep Thunder

Zone

View looking north

Middle Zone

Lightning Zone



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150m

Taylor Mine – Long Section

Zone P&P Reserves M&I Resources Inferred Resources

WPZ 156 koz’s

0.8Mt @ 6.3 g/t Au

239 koz’s

1.6Mt @ 4.6 g/t Au

222 koz’s

1.7Mt @ 4.0 g/t Au

Shoot Zone - 116 koz’s

0.7Mt @ 5.2 g/t Au

3 koz’s

20kt @ 5.2 g/t Au

Shaft Zone - - 32 koz’s

205kt @ 5.0 g/t Au

Surface

Bourgois Claim Shoot Zone



• St Andrew declared commercial production at Taylor in November 2015

• Estimated annual production of between 30 - 40 koz’s of gold (~550tpd run rate)

• Ore is trucked approximately 70km to the Holt Mill for crushing and processing

• Mineralization remains open at depth and along strike

Bulk Sample

#1

Bulk Sample

#2 1004 Lens

1006-1 Lens

1008-1 Lens

1008-2 Lens

100m

250m

350m 1006-2 Lens

500m

View looking north

OPEN

Underexplored Area



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East Timmins – Hislop North Project



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KGI Reserve & Resource Estimates Resources are exclusive of Reserves

MINERAL RESERVES - As at December 31, 2014

Note: Columns may not add due to rounding. Macassa Mine Complex reserves the ’04 & Main Break and the SMC.

MINERAL RESOURCES - As at December 31, 2014

Grade Grade Au

opt g/t (000's)

04 & Main Break 485 0.41 440 14.1 201

SMC 1,358 0.65 1,232 22.3 876

Near Surface Target 100 0.42 91 14.4 42

Property Wide 2,114 0.56 1,918 19.2 1,777

ZoneTons (000's) Tonnes (000's)

InferredNote: Columns may not add due to rounding. Property Wide resources include the ’04 &

Main Break, SMC, Near Surface Target, as well as peripheral resources blocks (such as

the Lakeshore Ramp).

The reserve and resource estimates have been audited and verified, and the technical disclosure in the press release dated April 13, 2015, has been approved, by the Company’s independent reserve and resource

engineer, Glenn R. Clark, P. Eng., of Glenn R. Clark & Associates Limited. Mr. Clark is a ‘qualified person’ under National Instrument 43-101, Standards of Disclosure for Mineral Projects, of the Canadian Securities

Administrators. The report detailing the December 31, 2014, reserve and resource estimates is available on SEDAR (www.sedar.com). See ‘Notes for Reserves and Resources’ below for key assumptions, parameters

and methods used to estimate the foregoing reserves and resources, available on the Company website at www.klgold.com..

Grade Grade Au Grade Grade Au Grade Grade Au

opt g/t (000's) opt g/t (000's) opt g/t (000's)

04 & Main Break 1063 0.4 964 13.7 430 1148 0.42 1041 14.4 483 2,211 0.41 2006 14.1 913

SMC 33 0.37 30 12.7 12 1377 0.67 1249 23.0 917 1,410 0.66 1279 22.6 929

Near Surface Target - - - - - 330 0.34 299 11.7 112 330 0.34 299 11.7 112

Property Wide 1106 0.4 1003 13.7 447 3,096 0.52 2,809 17.8 1,599 4,202 0.49 3,812 16.8 2,047

Measured

Tons

(000's)

Tonnes

(000's)

ZoneIndicated Measured & Indicated

Tons

(000's)

Tonnes

(000's)

Tons

(000's)

Tonnes

(000's)

1,106 1,003

1,063 1,148

1,337

1,041

1,249

2,006

1,279

Grade Grade Au Grade Grade Au Grade Grade Au

opt g/t (000's) opt g/t (000's) opt g/t (000's)

'04 & Main Break 545 0.43 494 14.7 236 583 0.48 529 16.5 278 1,128 0.46 1023 15.8 514

South Mine Complex 346 0.51 314 17.5 177 1,120 0.69 1016 23.7 773 1,467 0.65 1,331 22.3 949

Macassa Mine Complex 891 0.46 808 15.8 412 1,703 0.62 1,545 21.3 1,051 2,595 0.56 2,354 19.2 1,463

Proven

Tonnes

(000's)

Tons

(000's)

Tonnes

(000's)

ZoneProbable Proven & Probable

Tons

(000's)

Tonnes

(000's)

Tons

(000's)

1,023













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East Timmins Assets – Mineral Reserves & Resources

Total Reserves Measured Indicated Measured +

Indicated Inferred

Tonnes

('000)

Grade

(g/t Au)

Ounces Au

('000 oz)

Tonnes

('000)

Grade

(g/t Au)

Ounces Au

('000 oz)

Tonnes

('000)

Grade

(g/t Au)

Ounces Au

('000 oz)

Tonnes

('000)

Grade

(g/t Au)

Ounces Au

('000 oz)

Tonnes

('000)

Grade

(g/t Au)

Ounces Au

('000 oz)

Holt 3,866 4.75 591 3,702 3.97 473 3,861 3.90 485 7,563 3.94 957 7,866 4.67 1,181

Holloway 233 5.35 40 310 4.71 47 482 4.54 70 792 4.61 117 2,479 4.88 389

Taylor 774 6.27 156 0 0.00 0 2,323 4.76 356 2,323 4.76 356 1,951 4.10 257

Hislop 280 5.16 46 0 0 0 983 4.01 127 983 4.01 127 690 4.16 92

Aquarius - 0 0.00 0 22,300 1.29 926 22,300 1.29 926 9 0.79 0

Clavos - 0 0.00 0 503 4.81 78 503 4.81 78 318 4.73 48

Ludgate - 0 0.00 0 522 4.06 68 522 4.06 68 1,396 3.60 162

Canamax - 0 0.00 0 240 5.09 39 240 5.09 39 170 4.26 23

Total 5,153 5.03 833 4,012 4.03 520 31,214 2.14 2,149 35,227 2.36 2,668 14,879 4.50 2,154

As at December 31, 2014 - See website for notes and additional 43-101 disclosure (www.sasgoldmines.com)

Resources are exclusive of Reserves



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www.klgold.com

Suzette N Ramcharan, CPIR

Director of Investor Relations

+1-647-361-0200

[email protected]

TSX:KGI

mailto:[email protected]