16 corp presentation-q1-16 update-torontomarketing-macquarie-04may16

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TSX:KGI 1 klgold.com
TSX:KGI
GROWTH & VALUE
Creating an Ontario
Focused Intermediate
Gold Producer
Toronto Marketing| May 4, 2016
Q1/2016 Update

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TSX:KGI 2 klgold.comTSX:KGI klgold.com2
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.

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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 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, 4.7 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.

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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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0%
50%
100%
150%
200%
250%
300%
Nov-13 Jan-14 Mar-14 May-14 Jul-14 Sep-14 Nov-14 Jan-15 Mar-15 May-15 Jul-15 Sep-15 Nov-15 Jan-16 Mar-16
Kirkland Lake (TSX:KGI) Gold Price (C$ / oz) GDX Index (C$)
KGI Relative Share Price Performance
18%
177%
29%
Source: National Bank Financial

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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$1,104M
Major Shareholders (~40%)
2
Van Eck Associates Corporation (~10%)
Resolute Funds (~7%)
Eric Sprott (~6%)
Columbia Asset Management LLC (~5%)
Abramson Family (~5%)
Harry Dobson (~3%)
Sprott Asset Management (~3%)
Sentry Select (~3%)
CASH 1
C$ 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
DEBT/CASH
$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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Estimated Cash Flows
2 Year Cash Flow Expectations 1 2016E
(millions of C$)
2017E
(millions of C$)
Opening Cash Balance (January) $130.52
$143.5
Royalty Buyback
(one off payment in Q4/16 that will affect free cash)
(~$40.0/ US$30) -
Free Cash Flow 4 $13 $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; 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 2016 Guidance
Gold Production 1 (ounces) 270,000 – 290,000
Head Grade (g/t) 7.7 g/t Au
Cash Operating Cash Costs (C$/Oz) $800 - $850 (US$600-US$6503)
All-In Sustaining Costs 2 (C$/Oz of gold sold) $1,300 - $1,350 (US$1,000 – US$1,0503)
Total Capital Expenditures
(New & Sustaining Capital, Property, Plant & Equipment)
$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 kozsOn 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
Q3 2015 AISC* US$934/oz 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
(Property Wide)
2.2 Mozs (4.5 g/t Au)
Macassa Mine Complex
Q1/16 Production 41.1 koz Au
SY 2015 AISC2
US$977/oz 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
(Property Wide)
2.0 Mozs (16.8 g/t Au)
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
0.9 Moz’s @ 22.6 g/t
1.3M tonnes
Mineral Resources
(Inferred)
1.7 Moz’s @ 19.2 g/t
1.9M tonnes
0.9 Moz’s @ 22.3 g/t
1.2M tonnes
2016E
Gold Production 160 – 170 Koz’s 70% of tonnes from the SMC and 30%
from the ’04/Main Break
Head Grade 15.1 g/t Au Blended head grade based on tonnes
produced from each area of the mine.
Property, Plant & Equipment $25 Includes PP&E, and minor infrastructure
improvement projects
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) 16.9 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 Mine
Complex
Turquoise Ridge Dvolnye Moab Khotsong Mponeng Red Lake Kupol Tau Tona
Gradeg/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
P+P 370,000 Tons @ 0.61 oz/ton 226,000 Oz’s
M+I 174,000 Tons @ 0.42 oz/ton 72,000 Oz’s
5600 Level
P+P 239,000 Tons @ 0.77 oz/ton 183,000 Oz’s
M+I 186,000 Tons @ 0.63 oz/ton 117,000 Oz’s
5700 Level
P+P 202,000 Tons @ 1.03 oz/ton 208,000 Oz’s
M+I 164,000 Tons @ 0.91 oz/ton 96,000 Oz’s
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)
2.7 Moz’s @ 2.4 g/t
35.3M 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 110 - 120 Koz’s Holt, Holloway and Taylor mines.
Head Grade 4.8 g/t Au 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
~600tpd

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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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East Timmins Operations
Holt Mine
• ~1,200 tpd operation
• Reserves of 591 koz’s at 4.75 g/t
• ~ 7 year mine life based on current level of reserves
• Exploration potential further to the west and down-dip of main zone
Taylor Mine
• ~550 tpd operation
• Declared commercial production in November 2015
• ~ 4-5 year mine life based on current level of reserves
• Exploration potential at depth and along strike
Holloway Mine
• ~500 tpd operation
• ~ 2 year mine life based on current level of reserves
• Exploration potential further to the east and down-plunge of main
zone

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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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The SMC Continues To Grow
See press releases dated June 9, 2015 and October 20, 2015, as filed on SEDAR
Area’s currently
being mined
Recent drilling has extended and confirmed the continuity of the SMC at depth and further to the east
on the HM Claim.
Will continue to drill from underground to find new mineralization, and in order to move mineralization
from inferred into the measured and indicated categories for future resource and reserve expansion.

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SMC Drilling on the HM and South Claims
SELECTED
HIGHLIGHTS
DH 53-2881 (NSZ)
67.9 g/ 5.0 metres
1.98 opt/ 16.7 feet
DH 53-2882 (NSZ)
14.7 g/ 3.5 metres
0.43 opt/ 11.0 feet
DH 53-2883 (NSZ)
16.5 g/t 2.7 metres
0.48 opt/ 9.0 feet
DH 53-2886 (FWZ)
383.3 g/ 2.6 metres
11.18 opt/ 8.5 feet
See press release dated October 20, 2015, as filed on SEDAR

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‘04 Break Underground Drilling
See press release dated February 23, 2015
SELECTED
HIGHLIGHTS
DH 34-666
86.8 g/t / 0.7 metres
(2.53 opt/ 2.4 feet)
DH 34-668
27.4 g/t / 1.3 metres
0.80 opt/ 4.4 feet

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East Timmins Operations – Mine-site Exploration
Holloway Mine Exploration Targets for 2016 (Long Section Looking North)
Smoke Deep Zone
Smoke down plunge
2016 Exploration target
Holloway North
2016 Exploration target Smoke Up Dip
2016 Exploration target
Black Top
Lightning Zone
Taylor Mine Exploration Targets for 2016
(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 opy/ 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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KGI Offers Great Value Among Peer Group
$800 $766 $750 $741 $730 $717
$625 $608 $567
Wesdome
Argonaut
Gold
Richmont
Mines
Silver
Standard
Alamos
Gold
Hecla
Mining
Kirkland
Lake
Klondex
Mines
Primero
Mining
3.0x
1.5x
1.3x 1.2x 1.2x 1.1x
0.9x 0.7x 0.6x
HeclaMining
KlondexMines
SilverStandard
RichmontMines
KirklandLake
AlamosGold
ArgonautGold
Wesdome
PrimeroMining
440
391
357
283
252
147 134
95
53
AlamosGold
HeclaMining
Silver
Standard
KirklandLake
Primero
Mining
Klondex
Mines
Argonaut
Gold
Richmont
Mines
Wesdome
Cash Costs (US$)
P/NAV
Production (Koz’s)
Note: * SSO values and broker estimates include impact of CRJ; KGI cash costs assume no by-product credits
Source: Macquarie Capital Markets

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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.
See Appendix for more disclosure on MRMR statement which is as of December 31, 2014.
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 ClaimShoot 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
#21004 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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KGI Reserve & Resource Estimates
Resources are exclusive of Reserves
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)
Zone
Probable Proven & Probable
Tons
(000's)
Tonnes
(000's)
Tons
(000's)
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
Zone
Tons (000's) Tonnes (000's)
Inferred
Note: 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).
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)
Zone
Indicated Measured & Indicated
Tons
(000's)
Tonnes
(000's)
Tons
(000's)
Tonnes
(000's)
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..

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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
info@klgold.com
TSX:KGI

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