Corporate Update given at the 2014 Annual General Meeting of Shareholders, which was held at the offices of Stikeman Elliott LLP.

1. Annual General Meeting of Shareholders
TSX/AIM: KGI KIRKLAND LAKE GOLD INC.
October 22, 2014
A Rich History With A Profitable Future

2. FORWARD LOOKING STATEMENTS
Kirkland Lake Gold Inc.
www.klgold.com
2
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; and exploration programs and their results. 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 July 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

3. COMPANY VISION
George Ogilvie, P.Eng., CEO
“We are building a sustainable mining company that is recognized as a safe and responsible intermediate
gold producer.
We will provide exceptional stakeholder value by
delivering operational and exploration excellence
through empowering our people to act as owners.”
Kirkland Lake Gold Inc.
www.klgold.com
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TSX/AIM: KGI

4. A NEW KIRKLAND LAKE GOLD
Kirkland Lake Gold Inc.
www.klgold.com
4
Board of Directors Focusing on Improving Governance and Strategic Planning
New Leadership Team Delivering Positive Operating Results
Focus on Profitable Mining will Ensure Positive Cash Flow Generation
Improving Transparency and Communication of Targets
Continuing Exploration to Ensure Future Growth for KGI
Ensuring Health, Safety and Environmental Standards are Met or Exceeded
TSX/AIM: KGI

5. OUR TEAM

6. EXPERIENCED AND DIVERSE BOARD OF DIRECTORS
Kirkland Lake Gold Inc.
www.klgold.com
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New Appointments
Barry Cooper, B.Sc., MBA (Non-executive Director)
•Former head analyst with CIBC
Jeff Parr, CA, BA, MBA (Non-executive Director)
•CFO of Centerra Gold
Barry Olson, M.Sc. (Non-executive Director)
•Former Sr. VP Projects of Goldcorp
Harry Dobson, Chairman of the Board (Non-executive Director)
Dawn Whittaker, LLB (Non-executive Director)
Pamela Klessig, P.Geo (Non-executive Director)
John Thomson, CA
George Ogilvie, P.Eng
TSX/AIM: KGI

7. SYNERGISTIC EXECUTIVE 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
Kirkland Lake Gold Inc.
www.klgold.com
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TSX/AIM: KGI

8. SENIOR MANAGEMENT STRENGTH
Stew Carmichael, P.Geo Manager of Exploration
Kirkland Lake Gold Inc.
www.klgold.com
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Amanda Kasner, CPA, CA
Manager of Finance
•Over 27 years of experience, primarily within the Abitibi. Extensive work in the Kirkland Lake Area. Co-winner of the Ontario Prospectors Award for the South Mine Complex discovery.
•Over 17 years of environmental control experience in the timber and mining industries, with the last 6 years also providing sustainability and health and safety management.
•Bachelor of Commerce Honors degree from McMaster University, graduating Summa Cum Laude. Received her CA designation in 2010. Over 16 years of experience in the mining industry.
Suzette N Ramcharan, CPIR Director of Investor Relations
•Over 14 years within the mining industry with the last 8 years in Investor Relations. Experience with exploration, development and producing companies.
Bryan Neeley
Manager of Health, Safety, Environment and Community
TSX/AIM: KGI
Heather Laxton
Corporate Secretary
•Professional law clerk with over 17 years of corporate governance, corporate secretarial and securities regulation experience with a focus on the mining industry.

9. MANAGING THE OPERATIONS

10. NEW MINE PLAN
OLD TONNAGE Focused on Quantity Requirements
• High gold price environment >$1600
• More manpower
• 100’s of stopes in production cycle
• All mineralization into the ore pass Results
• Grade continued to drop
• Cost increased
• Complex planning and logistics
• Unprofitable
• High cash burn
• Multiple urgent financings
NEW
GRADE Focused on Quality
Requirements
• Not dependent on high gold price
• Less manpower
• Fewer stopes
• Strict ore/ waste management and dilution control
Results
• Grade has risen significantly
• Cost reduced
• Simplified planning and logistics
• Return to profitability
• Cash flow positive
• Finance at company’s discretion
Kirkland Lake Gold Inc.
www.klgold.com
10
TSX/AIM: KGI

11. 0.33
0.37
0.45
0.37
-
0.05
0.10
0.15
0.20
0.25
0.30
0.35
0.40
0.45
0.50
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
Q3 14
Q4 14
Q1 15
Q2 15
Estimate
Average Head Grade
Gold Ounces
Oz Recovered MB
Average Head Grade
OPERATIONAL SUCCESS
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
Oz Recovered MB
Oz Recovered SMC
Changes to the mine plan have now started to take effect
Kirkland Lake Gold Inc.
www.klgold.com
11
0.33
0.37
0.45
0.37
Average Head Grade
TSX/AIM: KGI

12. REVISED MINE PLAN DRIVING DOWN COSTS
$1,094
$1,000
$788
$800
$-
$150
$300
$450
$600
$750
$900
$1,050
$1,200
$1,350
$1,500
$1,650
$1,800
$1,950
Q3/14
Q4/14
Q1/15
Balance of Year Estimate
Royalties
Exploration
Corporate
PP&E
Capital Development
Production
Kirkland Lake Gold Inc.
www.klgold.com
12
All-In Cash Costs (AICC)
$1,369
$1,376
$1,401
F2015E
(Balance of Year)
Average Realized Gold Sales Price
All figures in Canadian Dollars
TSX/AIM: KGI

13. 0
0.1
0.2
0.3
0.4
-
50,000
100,000
150,000
200,000
250,000
F2014A
F2015E
F20156E
F2017E
Grade (Ounces per Ton)
Oz Recovered
Guidance Range
Head Grade
0.33
0.37
0.39
0.41
ACHIEVABLE GOALS
Ounces Recovered
122,309
Previous Guidance Gap
140,000 – 155,000
150,000 – 170,000
160,000 – 180,000
Head Grades are Expected to Increase
Kirkland Lake Gold Inc.
www.klgold.com
13
TSX/AIM: KGI

14. EXPLORATION SUCCESS
•Near surface mineralization is within 2 km’s of mill
•Currently have 3 drills in operation to expand resource and perform infill drilling
•Remains open along strike and at depth
•Update Reserve and Resource in early calendar 2015 will feed into a Preliminary Economic Assessment
Kirkland Lake Gold Inc.
www.klgold.com
14
TSX/AIM: KGI

15. ENVIRONMENT AND SAFETY FOCUS
Environmental Record
F2015
YTD
MOE Orders Issued (Re: environmental incident)
0
Spills (non threatening)*
2
Discharge Exceedance
0
Safety Record
F2015 YTD
Target
Total Recordable Injury Frequency Rates (TRIFR)
6.0
<3.5
* Spills were result of ruptures in the tailings pipe
“Home safe and healthy, after every shift.”
Kirkland Lake Gold Inc.
www.klgold.com
15
TSX/AIM: KGI

16. GOALS AND OBJECTIVES FOR F2015
Guidance
Metric
Q1/15 Actual
Status
$800 – 850/ Oz
Cash Operating Cost Per Ounce
$788
Favourable
$1,250 - 1,350/ Oz
AICC Per Ounce Produced
$1,250
On Track
$58.0 million
Sustaining CAPEX
$12.0 million
On Track
$200.0 million
Revenue
$54.0 million
On Track
$50.0 - 60.0 million
Cash Flow from Operations
$17.0 million
Favourable
$15.0 - 20.0 million
Free Cash Flow Generation
$5.0 million
On Track
Kirkland Lake Gold Inc.
www.klgold.com
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All figures in Canadian Dollars
TSX/AIM: KGI

17. SHARE PRICE PERFORMANCE RELATIVE TO THE GOLD PRICE (C$)
Kirkland Lake Gold Inc.
www.klgold.com
17
30%
40%
50%
60%
70%
80%
90%
100%
110%
120%
Jan-13
Apr-13
Jul-13
Oct-13
Jan-14
Apr-14
Jul-14
Oct-14
Kirkland Lake (TSX:KGI)
Gold Price (C$ / oz)
(-13%)
(-16%)
TSX/AIM: KGI

18. WHY KIRKLAND LAKE GOLD?
Kirkland Lake Gold Inc.
www.klgold.com
18
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.
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
TSX/AIM: KGI

19. For more information:
Suzette N Ramcharan
Director of Investor Relations
Email: sramcharan@klgold.com
Head Office:
155 University Ave
Toronto ON M5H 3B7
Tel: 416-840-7884
Email: info@klgold.com
WWW.KLGOLD.COM