Marketing Update

1. A PROFITABLE FUTURE
Montreal/Toronto Marketing February 12/13, 2015
A RICH HISTORY
TSX/AIM:KGI

2. Forward Looking Statements
Cautionary Note Regarding Forward Looking Statements.
This presentation contains 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 this Presentation include, but may not be limited to, statements regarding the Company’s
production forecast including ounces produced and grade assumptions; the operating costs and all-in cash
cost for fiscal 2015; exploration programs and their results; closing of the announced financing, exercise of
the over-allotment option and the use of said proceeds. 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 April 30, 2014. and the Company’s Management's Discussion and Analysis for the interim period
ended October 31, 2014 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.
TSX/AIM:KGI www.klgold.com 2

3. January 2015 Announcements
Appointment of Eric
Sprott as Chairman of
the Board
Significant shareholder
and strong believer in
the future growth and
success of the Company
C$30MM Bought
Deal Offering*
Over-allotment option for
up to ~15% exercisable
up to 30 days after the
date of closing.
Proceeds will be used to
strengthen the balance
sheet and for general
corporate purposes.
January 26, 2015 January 27/28, 2015
* Full details of the Bought Deal Offering are available in the Apprendix.
www.klgold.com 3TSX/AIM:KGI

4. Diverse Board of Directors
Harry Dobson, Chairman of the Board (Non-executive Director)
(Will step down once Mr. Sprott’s appointment is approved)
New Appointment – Chairman of the Board (subject to regulatory approval)
Eric Sprott (Non-executive Director)
Dawn Whittaker, LLB (Non-executive Director)
Pamela Klessig, P.Geo (Non-executive Director)
John Thomson, CA
George Ogilvie, P.Eng
Barry Cooper, B.Sc., MBA (Non-executive Director)
Jeffrey Parr, CA, BA, MBA (Non-executive Director)
Barry Olson, M.Sc. (Non-executive Director)
www.klgold.com 4TSX/AIM:KGI

5. Synergistic Management Team
GEORGE OGILVIE, P. Eng.
President & CEO, Director
• 25 years management, operating, and
technical expertise in the mining industry
with over 9 years of operating experience
in deep, narrow-vein gold mines (Anglo
Gold, South Africa)
• Former CEO of Rambler Metals and
Mining
JOHN THOMSON, CA
Executive VP and CFO,
Director
• More than 25 years experience in
various senior level finance positions
with companies such as PepsiCo
• Chartered Accountant who studied at
INSEAD
CHRIS STEWART, P. Eng.
VP Operations
• More than 20 years of operating
experience in Northern Ontario in various
senior-level positions. Prior to joining
KGI, was CEO of Liberty Mines Inc.
• Mining Engineering degree from Queen’s
University
Worked together
at Dynatec for
~3.5 years
Worked together at
Rambler for ~ 7 years
www.klgold.com 5TSX/AIM:KGI

6. Investment Highlights
Located in Ontario, one of the safest and lowest risk mining jurisdictions globally
Attractive NI43-101 high grade reserve and resource profile with a long mine life
Growing annual production, declining cost base and improving unit costs
Company returning to profitability and free cash flow
Significant exploration potential with organic growth
Potential upside with a higher gold price and a weaker Canadian dollar
www.klgold.com 6TSX/AIM:KGI

7. Financial Position
CASH C$44.0 million*
DEBT C$120 million
convertible debentures
KGI.DB: 6% coupon/ $15.00 strike
C$54.5MM mature Jun/2017
KGI.DB.A: 7.5% coupon/ $13.70 strike
C$65.5MM mature Dec/2017
ROYALTY 2.5% NSR
Franco Nevada Corporation
option to buyback 1% by October 31, 2016, at a cost
of $36MM less any money paid against the 1%
52 Week Performance*
HIGH C$5.97
LOW C$2.57
www.klgold.com 7TSX/AIM:KGI
* As of January 31, 2014; Cash balance is before closing of the C$30MM Bought Deal Financing (see Appendix for more details).
CAPITAL STRUCTURE*
ISSUED SHARES 72,089,117
Stock Options 4,244,800
Convertible Debentures 8,869,829
FULLY DILUTED 85,291,046
MARKET CAP ~325 Million*
Major Shareholders (~49%)*
Resolute Funds
Eric Sprott
Columbia Wanger Asset Management LLC
Equinox Partners
Van Eck Associates Corporation
Harry Dobson
ABC Funds

8. KGI Share Price vs Gold Price
30%
40%
50%
60%
70%
80%
90%
100%
110%
120%
Jan-13 Apr-13 Jul-13 Oct-13 Jan-14 Apr-14 Jul-14 Oct-14 Jan-15
Kirkland Lake (TSX:KGI) Gold Price (C$ / oz)
(23%)
(2%)
Strategic
Review Period
Revised
Guidance
Q1/15 Results
Management
Changes
Q3/13 Results
POG Declines
to Under
US$1,200/oz
Drilling
Results
Drilling
Results
Q4/14 ResultsMRMR Update
Q4/13 Results
POG Climbs
back Above
US$1,200/oz
BOD
Appointment
& Financing
www.klgold.com 8TSX/AIM:KGI
Q2/15 Results

9. Kirkland Lake Background
KGI owns five former producing high grade mines with historical
production of ~22 Moz’s of gold at an average head grade of
0.44 opt (15.1 grams per tonne).
The Kirkland Lake gold camp
has been producing gold for
over 100 years.
Almost 25 Moz’s has been
produced to date, from
seven mines.
Based on grade, it is one of
the richest gold camps in
the world.
www.klgold.com 9TSX/AIM:KGI

10. One of the Highest Grade Gold Mines In The World
Mine Operator Location
Gold Grade Reserves
g/t 000 oz Au
Turquoise Ridge Barrick USA (Nevada) 17.40 6,761
Kirkland Lake Mine Kirkland Lake Gold Canada (Ontario) (0.50 opt) 17.10 1,385
Pogo Gold Sumitomo Corp. USA 15.20 2,932
Gosowong Newcrest Indonesia 12.00 1,235
Moab Khotsong AngloGold Ashanti South Africa 10.00 6,126
Mponeng AngloGold Ashanti South Africa 9.98 14,569
Red Lake Gold GoldCorp Canada 9.94 2,553
TauTona AngloGold Ashanti South Africa 9.06 1,389
Kupol/Dvoinoye Kinross Russia 8.73 2,081
17.4 17.1
15.2 12.0
10.0 10.0 9.9 9.1 8.7
0.0
5.0
10.0
15.0
20.0
Gradeg/t
Reserve Grades
www.klgold.com 10TSX/AIM:KGI
Producing Mines Only - Company Source

11. New Mine Plan With Positive Results
Old Plan Focussed on QUANTITY and TONS
New Plan Focuses on QUALITY and GRADE
SIGNIFICANT
INCREASE IN
GRADE
REDUCTION
IN COSTS
CASH
FLOW
POSITIVE
• Not Dependant on a High Gold Price
• Requires Less Manpower
• Fewer Stopes
• Strict Ore/Waste Management and Dilution Control
Additional benefits of new mine plan are SIMPLIFIED PLANNING
and ability to FINANCE AT COMPANY’s DISCRETION
www.klgold.com 11TSX/AIM:KGI

12. Reserves & Resources
(Resources are Exclusive of Reserves)
See Appendix for more disclosure on MRMR statement which is as of December 31 ,2013.
Based on current level of Reserves and 70% conversion of Resources
(@ 200,000 oz p.a), KGI has a 14 year Mine Life
www.klgold.com 12TSX/AIM:KGI
Mine Wide Complex
Mineral Reserves
(P&P)
1.4 Moz’s
2.8M tons @ 17.1 g/t
(0.50 opt)
Mineral Resources
(M&I)
2.1 Moz’s
4.2 M tons @ 16.8 g/t
(0.49 opt)
Mineral Resources
(Inferred)
1.1 Moz’s
2.1 M tons @ 18.5 g/t
(0.54 opt)
SMC
0.8 Moz’s
1.5 M tons @ 18.5 g/t
(0.54 opt)
1.0 Moz’s
1.5 M tons @ 23.7 g/t
(0.69 opt)
0.8 Moz’s
1.2 M tons @ 23.0 g/t
(0.67 opt)
Breakout
of SMC
only

13. South Mine Complex
• 5400L has reserve grade @ 0.57 opt (19.5 gpt)
• 5600L has reserve grade @ 0.70 opt (23.9 gpt)
• Production from 5400L and 5600L allows delineation drilling of resources, especially below 5600L
• Remains Open at Depth and Across Strike
5025 Level
P+P 89,000 Tons @ 0.44 oz/ton 39,000 Oz’s
M+I 57,000 Tons @ 0.30 oz/ton 22,000 Oz’s
5300 Level
P+P 620,000 Tons @ 0.47 oz/ton 290,000 Oz’s
M+I 220,000 Tons @ 0.30 oz/ton 86,000 Oz’s
5400 Level
P+P 481,000 Tons @ 0.57 oz/ton 274,000 Oz’s
M+I 170,000 Tons @ 0.41 oz/ton 71,000 Oz’s
5600 Level
P+P 290,000 Tons @ 0.70 oz/ton 209,000 Oz’s
M+I 220,000 Tons @ 0.55 oz/ton 122,000 Oz’s
5700 to 6600 Level
M+I 768,000 Tons @ 0.91 oz/ton
703,000 Oz’s
Original Two
Mining Horizons
Third Level
Started
May 2014
Currently in Development
for FY 2016 OPEN
#3SHAFT
#2WINZE
www.klgold.com 13TSX/AIM:KGI
5025L
5300L
5400L
6600L
5600L
4750L
Development Legend
Completed
F2015 Development
F2016 Development
OPENOPEN

14. Q3 F2015 Production Update
Q1
F2015
38,543
93,880
0.45
Q2
F2015
38,335
92,146
0.41
Q3
F2015
39,722
91,148
0.44
YTD
F2015
116,600
277,174
0.43
Guidance
F2015
140 – 155
Koz’s
0.37
Ounces
Sold
Tons
Milled
Head Grade
(opt)
• Third stope (5412) brought into production on 5400 level during Q3
• 2 Electric Hydraulic Jumbo’s fully operational
• Main ramp towards the 5600 level progressing well and is on schedule
www.klgold.com 14TSX/AIM:KGI

15. Monthly Production Profile
• Cut-off Grades Raised from 0.18 opt to 0.22 opt.
• Stopped Mining “Incremental Tons”
• Implemented Strict Ore/ Waste Segregation UG
• Increasing UG Delineation Drilling in SMC
• Employing more UG Geologists
• Assay Lab is Manned 24/7
• Restructuring Organization
• Implementing Leadership Training
• Looking to Upgrade MIS
www.klgold.com 15TSX/AIM:KGI
F2015
F2015 YTD Average
0.43 opt
F2014

16. 0.37
0.40
0.37
0.32
0.41
0.37 0.31
0.33
0.37
0.39
0.41
0.00
0.05
0.10
0.15
0.20
0.25
0.30
0.35
0.40
0.45
-
50,000
100,000
150,000
200,000
250,000
07 08 09 10 11 12 13 14 15 16 17
GoldOunces
Oz Recovered Guidance Head Grade OPT
Fiscal Year
Annual Production Profile
Expectation Gap
• Guided Grades for F2015-F2017 are Based on Historic Achievements
• Calendar YTD Actual Head Grade is 0.41 opt; Fiscal YTD Actual Head Grade is 0.43 opt
www.klgold.com 16TSX/AIM:KGI
GradeinOuncesPerTon

17. F2014 & Q2 F2015 Financial Results
Financial
FY2015
YTD
FY2014
YTD
Y/Y
Change
Q2/15 Q1/15 Q2/14
Q2/15
vs.
Q1/15
Q2/15
vs.
Q2/14
Gold Sales
(ounces)
76,788 60,783 +26% 38,335 38,543 30,530 -1% +26%
Average Price Sold
(per ounce)
$1,398
US$1,278
$1,394
US$1,348
+0%
- 5%
$1,395
US$1,262
$1,401
US$1,295
$1,353
US$1,304
-0%
-3%
-3%
-3%
Revenue (000’s) 107,482 84,737 +27% 53,479 54,003 41,316 -1% +29%
Cash Operating
Cost per Ton
Produced
$345 $336 +3% $350 $340 $328 +3% +7%
Cash Operating
Cost per Ounce
Produced
$836
US$764
$1,109
US$1,073
-25%
-29%
$889
US$804
$788
US$728
$1,105
US$1,065
+13%
+10%
-20%
-25%
All-in Cash Cost
(“AICC”) per Ounce
Produced
$1,308
US$1,196
$2,102
US$2,033
-38%
-41%
$1,374
US$1,243
$1,250
US$1,155
$2,072
US$1,998
+10%
+8%
-34%
-38%
All amounts stated are in Canadian dollars unless otherwise stated
www.klgold.com 17TSX/AIM:KGI
- All US$ equivalents are converted at the average CAD to USD exchange rate during the reporting period.
- See Pg. 23 for fiscal 2015 guidance on certain financial metrics provided above

18. -
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
NOV DEC JAN FEB MAR APR MAY
2014
JUN JUL AUG SEP OCT NOV DEC JAN
AICC per ounce Produced - 15 month trend
Production Capital Development PP&E Corporate Exploration Royalties Oz Produced
AICC Achieved Over Past 15 Months
All amounts stated are in Canadian dollars
• 16% Reduction in Labour Force and Cancelled Incentive Programs (e.g. home loan assistance and travel)
• Major Capital Projects (PP&E) Completed in January 2014
• Adjusted Shift Schedules
www.klgold.com 18TSX/AIM:KGI
CostinC$perOunceProduced
Ounces
F2014 F2015
To be released
March 11, 2015

19. $1,073 $1,119
$836
$1,244
$720
$614
$947 $924
$809
-
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
$-
$500
$1,000
$1,500
$2,000
$2,500
FEB MAR APR MAY JUN JUL AUG SEP OCT Q3E Q4E
Production Capital Development PP&E Corporate Exploration Royalties Oz Produced
Ounces Produced
AICC Projection for F2015
All amounts stated are in Canadian dollars
• Projection Based on Assumptions of 1,150 tpd, 0.37 opt and 96% Mill Recovery
• KGI Beginning to Generate FCF
• Fairly High Degree of Variability Remains until more High Grade Stopes come online
www.klgold.com 19TSX/AIM:KGI
F2015
TotalAICC
Projectionof~$1,200
TotalAICC
Projectionof~$1,300
CostinC$perOunceProduced
Ounces
$1,350

20. Expansion Capital
• Hoisting system capable of hoisting 3,600 tpd
• Mary-Anne Compartment installed in Shaft providing service cage
• Mill upgraded to handle 2,200 tpd
• Underground infrastructure and battery equipment in place for SMC
www.klgold.com 20TSX/AIM:KGI

21. Capital Expenditures
• Project Capital was Completed in January 2014
• C$9M in Capital Development of 5400L and SMC Main Decline to 5600L Spent in FY15
• F2015 Capex reduced by $5MM to $53MM after Q2, through cost saving initiatives
0
10
20
30
40
50
60
70
80
90
100
2010 2011 2012 2013 2014 2015E 2016E 2017E
C$Millions
Mineral Properties PP&E
ESTIMATED
9.7
22.4 30.9 45.8 46.9 55.0 47.0 51.0 51.0
28.9
24.5 44.0
29.6
6.8
7.0 7.0
www.klgold.com 21TSX/AIM:KGI

22. Exploration Success (Underground)
www.klgold.com 22TSX/AIM:KGI
UG DRILLING
• SMC continues to be expanded
• Multi-ounce intersections
• 3 drills turning underground
• Open in multiple directions
53-2493 (NSZ)
1.85 opt/ 11.6 feet
(63.43 gpt/ 3.5 metres)
53-2597 (NSZ)
0.36 opt/14.7 feet
(12.34 gpt/ 4.5 metres)
53-2595 (NFZ)
3.55 opt/ 11.4 feet
(121.72 gpt/ 3.5 metres)

23. Near Surface Exploration Target
SURFACE DRILLING
• Near surface mineralization is within 2 Km’s of mill
• Mill has excess capacity of +/- 1,000 tpd
• Mineralization from 100’ to 1,000’ below surface
• Open across strike and at depth
• M&I 310,000 tons @0.34opt (11.7gpt) 104,000 oz.
• Infer. 131,000 tons @0.36opt (12.3gpt) 48,000 oz.
• 3 drills drilling to expand resource and infill drill
www.klgold.com 23TSX/AIM:KGI

24. Outlook for F2015
Guidance Metric H1/15 Actual Status
$800 – 850/ Oz Cash Operating Cost Per Ounce
$836
US$764
On Track
$1,250 - 1,350/ Oz AICC Per Ounce Produced
$1,308
US$1,196
On Track
$53.0 million* Sustaining CAPEX $22.5 million Favourable
$200.0 million Revenue $107.5 million Favourable
$50.0 - 60.0 million Cash Flow from Operations $33.3 million Favourable
$15.0 - 20.0 million Free Cash Flow Generation $10.9 million On Track
All amounts stated are in Canadian dollars
www.klgold.com 24TSX/AIM:KGI
* Capital revised as of October 31, 2014

25. APPENDIX
Notes, additional disclosure and other information
www.klgold.com 25TSX/AIM:KGI

26. C$30MM Bought Deal Offering
Deal Size Price
# of Common Shares
to be issued
C$30MM* C$4.35 6,900,000
*Originally a C$25MM deal announced on January 27, 2015, which was upsized to
C$30MM on January 28, 2015, to meet demand in the issuance.
Over-Allotment Option*
If the over-allotment option
is exercised total gross
proceeds will be C$35MM
C$4.35 1,035,000
*Exercisable in whole or in part, at the offering price, for a period of 30 days from the
closing of the Offering
www.klgold.com 26TSX/AIM:KGI

27. Analyst Coverage
Firm Analyst
Dundee Securities Joe Fazzini
CIBC World Markets Cosmos Chiu
Macquarie Capital Markets Michael Siperco
National Bank Financial Raj Ray
BMO Capital Markets Brian Quast
Clarus Securities Jamie Spratt
PI Financial Philip Ker
Firm Analyst
M Partners Derek Macpherson
Pareto Securities John McClintock
Mirabaud Securities Richard Morgan
Panmure Gordon & Co Alison Turner
Investec Bank Hunter Hillcoat
Very Independent Research John Tumazos
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.
www.klgold.com 27TSX/AIM:KGI

28. Reserves & Resources
(Resources are Exclusive of Reserves)
RESERVES AND RESOURCES
MINE WIDE COMPLEX
CATEGORY
(31st DEC 2013)
TONS
GRADE
(opt)
GRADE
(gpt)
OUNCES
Proven 941,000 0.43 14.7 401,000
Probable 1,843,000 0.53 18.2 984,000
Total P+P 2,784,000 0.50 17.1 1,385,000
Measured 1,133,000 0.39 13.4 436,000
Indicated 3,019,000 0.54 18.5 1,619,000
Total M+I 4,152,000 0.49 16.8 2,055,000
Inferred 2,092,000 0.54 18.5 1,133,000
As at December 31, 2013
See Kirkland Lake news release dated April 28 2014, a copy of which has been filed on SEDAR for further particulars and full NI 43-101 disclosure including QP statement.
Based on current level of Reserves and 70% conversion of Resources (@ 200,000 oz p.a)
Macassa has a 14 year Mine Life
RESERVES AND RESOURCES
SOUTH MINE COMPLEX (“SMC”)
CATEGORY
(31st DEC 2013)
TONS
GRADE
(opt)
GRADE
(gpt)
OUNCES
Proven 328,000 0.45 15.4 147,000
Probable 1,163,000 0.57 19.5 665,000
Total P+P 1,492,000 0.54 18.5 812,000
Measured 24,000 0.30 10.3 7,000
Indicated 1,440,000 0.70 24.0 1,005,000
Total M+I 1,464,000 0.69 23.7 1,012,000
Inferred 1,205,000 0.67 23.0 808,000
www.klgold.com 28TSX/AIM:KGI

29. NOTES
www.klgold.com 29TSX/AIM:KGI

30. WWW.KLGOLD.COM
Suzette N Ramcharan, CPIR
Director of Investor Relations
+1-416-840-7884
Mobile: +1-647-284-5315
sramcharan@klgold.com
Tim Blythe / Halimah Hussain
(Blytheweigh)
Investor Relations / PR
+44-207-138-3204
Tim.blythe@blytheweigh.com/
halimah.hussain@blytheweigh.com
TSX /AIM: KGI