- Kirkland Lake Gold achieved record gold production in 2016 of 314,495 ounces, surpassing guidance. Production costs were below guidance at $571 per ounce and all-in sustaining costs were below guidance at $923 per ounce. - In 2016 the company had record revenue of $406.7 million based on gold sales of 329,489 ounces at an average realized price of $1,234 per ounce. - The company had a strong financial position at the end of 2016 with $234.9 million in cash and $92.3 million in working capital. Cash balance increased further to $280 million in Q1 2017.

1. May 2017
AGM PRESENTATION
Anthony (Tony) Makuch, President & CEO
KLGOLD.COM
TSX: KL
OTCQX: KLGDF
TIER ONE GOLD PRODUCTION | DISTRICT SCALE EXPLORATION | VALUATION UPSIDE
1

2. KLGOLD.COM
TSX:KLFORWARD LOOKING STATEMENTS
Use of Non-GAAP Measures
Operating cash cost per ounce sold, all-in sustaining costs per ounce sold, average realized gold price per ounce and working capital are Non-GAAP measures. In the gold mining industry, these are
common performance measures but do not have any standardized meaning, and are considered Non-GAAP measures. The Company believes that, in addition to conventional measures prepared in
accordance with International Financial Reporting Standards ("IFRS" or "GAAP"), certain investors use such Non-GAAP measures to evaluate the Company's performance and ability to generate cash
flow. Accordingly, they are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. A
reconciliation of operating costs per ounce and AISC per ounce to total operating costs for the most recent reporting period, the three months ended March 31, 2017 and the three months ended March
31, 2016, is set out on the Company's MD&A for the period ended March 31, 2017 filed on SEDAR at www.sedar.com and available on the Company’s website at www.klgold.com.
Cautionary Note Regarding Forward-Looking Information
This presentation contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans,
intentions, beliefs and current expectations of Kirkland Lake Gold with respect to future business activities and operating performance. Forward-looking information is often
identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and include information
regarding: (i) the amount of future production over any period; (ii) assumptions relating to revenues, operating cash flow and other revenue metrics set out in the Company's
disclosure materials; and (iii) future exploration plans (iv) the temporary suspension of operations at the Cosmo Mine and the anticipated effects thereof .
Investors are cautioned that forward-looking information is not based on historical facts but instead reflect KL Gold’s management’s expectations, estimates or projections
concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although
Kirkland Lake Gold believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue
reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the
combined company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the ability
of Kirkland Lake Gold to successfully integrate the operations and employees of its Canadian and Australian operations, and realize synergies and cost savings, and to the extent,
anticipated; the potential impact on exploration activities; the potential impact on relationships, including with regulatory bodies, employees, suppliers, customers and
competitors; the re-rating potential following the consummation of the merger; changes in general economic, business and political conditions, including changes in the financial
markets; changes in applicable laws; and compliance with extensive government regulation. This forward-looking information may be affected by risks and uncertainties in the
business of Kirkland Lake Gold and market conditions. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by
Kirkland Lake Gold , including Kirkland Lake Gold’s annual information form, financial statements and related MD&A for the first quarter ended March 31, 2017 and their interim
financial reports and related MD&A for the period ended March 31, 2017 filed with the securities regulatory authorities in certain provinces of Canada and available at
www.sedar.com.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary
materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Kirkland Lake Gold has attempted to identify important risks,
uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Kirkland Lake
Gold does not intend, and do not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

3. KLGOLD.COM
TSX:KL2016 FULL YEAR HIGHLIGHTS
1.Refer to Slide 2 “Forward Looking Information. 2. See Kirkland Lake Gold News Release dated April 12, 2017 for additional details.
3 Source: Company filings, FactSet and available equity research at April 28, 2017. Production and Cash Flow are broker consensus averages exclude Kirkland Lake
1
3
5.6
8.6
KL Gold Peer Average
$2,536
$4,000
KL Gold Peer Average
Transformational Year
Strong Balance Sheet
District Scale
Exploration Potential
Strong Value Proposition3
Enterprise value
to ounce of 2017
production
2017 Price to
Cash flow
• Completed Acquisition of St Andrew Goldfields Ltd. and Business Combination with
Newmarket Gold Inc. resulting in the creation of a mid-tier gold producer
• Increased cash and Financial Flexibility: US$234 million1,2 as at December 31, 2016
providing financial flexibility to manage low debt
• Decreased Royalties: Royalty rate to Franco-Nevada on gold revenue from Macassa
down from 2.5% to 1.5%
• Significantly expanded district scale land packages in established gold camps
• +20 drill rigs in operation across Canada & Australia

4. KLGOLD.COM
TSX:KL2016 OPERATIONAL HIGHLIGHTS1
4
Record Gold Production: Consolidated operations achieved attributable gold production of 314,495 ounces, including
18,657 ounces from operations in Australia for the one month ended December 31, 2016, surpassing previously announced
2016 production guidance.
Low Operating Costs and AISC: Total production costs of $198.4 million resulted in operating cost per ounce2 and AISC per
ounce2 of $571 and $923 respectively; below the lower range of 2016 operating cost guidance of $600 - $650 per ounce
and AISC guidance of $1,000 - $1,050 per ounce.
2016 Consolidated Costs
Below guidance of $1,000 - $1,050
Below guidance of $600 - $650
$571
$923
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
$1,000
Operating Cost Per Ounce (US$) AISC per Ounce (US$)
2016 Pro-forma Production by Mine
(1) Full Year 2016 results include the results of Kirkland Lake Gold Inc. (“former Kirkland Lake”) operations for the full year; the results of the Newmarket operations for December 2016, being the period following the completion of the business combination between the former Kirkland Lake and Newmarket; and the results of the St Andrew operations for the period starting on January 26, 2016, being the period
following the completion of the acquisition of St Andrew by former Kirkland Lake.
(2) Non GAAP Measures Operating cash cost per ounce sold, all-in sustaining costs per ounce sold, average realized gold price per ounce, working capital and free cash flow are Non-GAAP measures. In the gold mining industry, these are common performance measures but do not have any standardized meaning, and are considered Non-GAAP measures. The Company believes that, in addition to conventional
measures prepared in accordance with International Financial Reporting Standards (“IFRS” or “GAAP”), certain investors use such Non-GAAP measures to evaluate the Company’s performance and ability to generate cash flow. Accordingly, they are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. A
reconciliation of operating cost per ounce and AISC per ounce to total operating costs for the most recent reporting period, the three and twelve months ended December 31, 2016 and the eight months ended December 31, 2015, is set out on the Company’s MD&A for the period ended December 31, 2016 filed on SEDAR at www.sedar.com and at www.klgold.com. Please refer to the “Forward Looking Statements”
on page 61.

5. KLGOLD.COM
TSX:KL2016 FINANCIAL HIGHLIGHTS 1
5
$42.10
$75.30
$0.00
$10.00
$20.00
$30.00
$40.00
$50.00
$60.00
$70.00
$80.00
Net Earnings
(US millions)
Adjusted Net Earnings
(US millions)
$0.35
per basic
share
$0.62
per
adjusted
basic
share
$406.70
$0.00
$50.00
$100.00
$150.00
$200.00
$250.00
$300.00
$350.00
$400.00
$450.00
Revenue (US millions)
Based on:
Gold sales of
329,489 oz &
Average realized
price of gold
$1,234/ oz
$180.90
$107.20
$0.00
$20.00
$40.00
$60.00
$80.00
$100.00
$120.00
$140.00
$160.00
$180.00
$200.00
Operating Cash Flow
(US millions)
Free Cash Flow
(US millions)
.
$1.49
per basic
share
$0.88
per basic
share
$234.90
$92.30
$0.00
$50.00
$100.00
$150.00
$200.00
$250.00
Cash Balance
(US millions)
Working Capital
(US millions)
.
Q1/17 Cash
Balance
Increased by
$45 million to
$280 million
Strong Earnings Record Revenue
Significant Cash Flow Strong Financial Position
2
2
2
, 3
(1) Full Year 2016 results include the results of Kirkland Lake Gold Inc. (“former Kirkland Lake”) operations for the full year; the results of the Newmarket operations for December 2016, being the period followingthe completionof the business combinationbetween the former Kirkland Lake and Newmarket; and the results of the St Andrew operations for the period starting
on January 26, 2016, being the period followingthe completionof the acquisitionof St Andrew by former Kirkland Lake.
(2) Non GAAP Measures Operating cash cost per ounce sold, all-insustainingcosts per ounce sold, average realized gold price per ounce, working capitaland free cash flow are Non-GAAP measures. In the gold mining industry,these are common performance measures but do not have any standardizedmeaning, and are considered Non-GAAP measures. The Company
believesthat, in additionto conventionalmeasures prepared in accordance with InternationalFinancial Reporting Standards (“IFRS” or “GAAP”), certain investors use such Non-GAAP measures to evaluate the Company’s performance and abilityto generate cash flow. Accordingly,they are intended to provide additionalinformationand should not be considered in isolation
or as a substitutefor measures of performance prepared in accordance with IFRS. A reconciliationof operating cost per ounce and AISC per ounce to total operating costs for the most recent reporting period, the three and twelve months ended December 31, 2016 and the eight months ended December 31, 2015, is set out on the Company’s MD&A for the period ended
December 31, 2016 filed on SEDAR at www.sedar.comand at www.klgold.com.Please refer to the “Forward Looking Statements” on page 61.
(3) Adjusted net earnings (and adjusted basic share) excludes the items that do not reflect the underlyingoperations of the Company, including the transactioncosts associatedwith the acquisition of Newmarket and the businesscombinationwith St Andrew, as well as one time severance costs associatedwith the transitionof Stawell to care and maintenance.

6. KLGOLD.COM
TSX:KLNEW KIRKLAND LAKE GOLD INVESTMENT THESIS
1.Refer to Slide 2 “Forward Looking Information revised 2017 estimated production guidance 530,000 – 570,000 ounces . 2. See Kirkland Lake Gold News Release dated May 4, 2017 for additional details. 3. Refer to appendix for NI 43-101
Disclosure and News Release dated March 28, 2017 for additional year-end 2016 Mineral Reserve and Resource details 3. See Non-GAAP Measures sections in forward looking statements; Operating Cash Costs per ounce and AISC per ounce
reflect an average USD to CAD exchange rate of 1.35 and a USD to AUD exchange rate of 1.325, for additional detail see Kirkland Lake Gold Press release dated March 29, 2017 for additional detail.4.Cash position as at March 31, 2017 5.
Payable on July 14, 2017 to shareholders of record on June 30, 2017
1
6
Operating Platform in Tier
1 Mining Jurisdictions
Strong Balance Sheet
& Low Cost Production
District Scale
Exploration Potential
• Revised 2017 consolidated production guidance of 530,000 - 570,0001 ounces from five
gold mines in Canada & Australia
• Consolidated Q1/17 production of 130k oz (Macassa 48,723 oz & Fosterville 46,083 oz)2
• Both flagship mines, Fosterville & Macassa continue to benefit from an increasing grade
profile at depth
• Increasing Cash Position US$280 million4 as at March 31, 2017
• New quarterly dividend recently announced C$0.01 per share5
• Revised Consolidated 2017 operating cost guidance US$475/oz – US$525/oz and AISC
US$850/oz – US$900/oz 3
• Significant discovery and expansion potential in established gold camps with +20 drill
rigs in operation across Canada & Australia
• 2017 growth exploration budget of US$45 - $55 million

7. KLGOLD.COM
TSX:KLIMPROVED 2017 GUIDANCE
7
CANADIAN OPERATIONS AUSTRALIAN OPERATIONS
(U.S.)$
Macassa
Mine
Holt
Mine
Taylor
Mine
Fosterville
Mine
Cosmo
Mine
Consolidated
Outlook
Revised Gold Production (oz)
190,000 –
195,000
65,000 –
70,000
55,000 –
60,000
200,000 –
225,000
20,000
530,000 –
570,000
Revised Operating Costs per Ounce1,2 $520 –
$550
$670 –
$725
$450 –
$525
$310 –
$330
$1,500 –
$1,600
$475 - $525
Revised AISC per Ounce1,2 $850 - $900
Revised Operating Costs ($ million) $270 - $280
Sustaining Capital & Growth Capital
($ million)
$180 - $200
Exploration Expenditure ($ million) $45 - $55
Revised Royalty cost ($ million) $20 - $25
Revised G & A ($ million) $17
1) See Non-GAAP Measures sections in forward looking statements; 2) Operating Cash Costs per ounce and AISC per ounce reflect an average USD to CAD exchange rate of 1.35 and a USD to AUD exchange rate of 1.325. 3. See Kirkland
Lake Gold News release dated May 4 2017
Improved revision to 2017 consolidated outlook results in improved unit costs, reflecting positive performance at the Fosterville
Mine and the impact of a production suspension at the Cosmo Mine, effective June 30, 2017. 3

8. KLGOLD.COM
TSX:KL
OPERATING PLATFORM IN TIER 1 MINING JURISDICTIONS
8
295,838 oz
239,724 oz
100,000
150,000
200,000
250,000
300,000
350,000
Canadian Operations Australian Operations
2016 Pro Forma Gold Production
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
500,000
550,000
600,000
Consolidated Q1/17 Production
1.Pro forma information operating results from: (i) the former Newmarket Gold Inc. (“Newmarket”) assets for the entire 12-month period ended December 31, 2016 including the period from January 1, 2016 to November 29, 2016 prior to the merger with Kirkland Lake Gold Inc. (“KLG”) on November
30, 2016 (See Newmarket Press Release dated November 3, 2016); and (ii) the Holt Mine Complex for the entire 12-month period ended December 31, 2016, including the period of January 1, 2016 to January 25, 2016 prior to the acquisition of St Andrew Goldfields Ltd. (“SAS”) by KLG on January 26,
2016 (See KLG press release dated May 12, 2016). See Press Releases dated January 9, 2017 and February 27, 2017 filed on the SEDAR profile of the Company
130,425 oz
• Consolidated 20161 operating
cost per ounce2 of $571, below
the the guidance of US$600-
$650
• Consolidated AISC per ounce2
of $923 in 2016 below the
guidance of US$1,000-1,050
On track to meet
2017 guidance of
530,000 – 570,000 oz
1 1
(Guidance of 270k – 290k oz)
(Guidance of 225k – 235k oz)
2017 Outlook

9. KLGOLD.COM
TSX:KL
91 Cash position as at March 31, 2017, see News Release dated April 12, 2017 2 Non-GAAP measures, refer to slide 2 “Cautionary Language”, Canadian: US Dollar exchange $0.7229
STRONG BALANCE SHEET1, 2
Cash US$280 million
Convertible Debentures (at Dec 31/16) US$89 million
KGI.DB: 6% C$15.00 Conv. Price C$56.8M mature June 2017
KGI.DB.A: 7.5% C$13.70 Conv. Price C$62.0M mature Dec 2017
Net Cash US$191 million
CAPITAL STRUCTURE & OWNERSHIP
Issued & Outstanding (at Mar 31/17) 206 million
Market Capitalization (TSX)
(April 17, 2017)
+CAD$ 2.1 billion
Daily Avg. Volume – 30 day
(April 17, 2017)
1.2 million shares
Insider Ownership ~10%
✓ No gold hedging in place
Fosterville Gold Mine, Australia Macassa Gold Mine, Canada
STRONG FINANCIAL POSITION
✓ Change in reporting currently to US$ for December 31,
2016 year end financial results
INITIATION OF DIVIDEND POLICY
Quarterly dividend of C$0.01 per common share
Payable on July 14, 2017 to shareholders of record on June 30,
2017

10. KLGOLD.COM
TSX:KLHIGH GRADE, LOW COST CORNERSTONE ASSETS
CORNERSTONE ASSETS
LOW COST OUNCES
DISTRICT SCALE GROWTH
1. Refer to slide 41 for break down by category. 2. Kirkland Lake Gold guidance provided on January 9, 2017, refers to high end range of guidance 3. See Non-GAAP Measures sections in forward looking statements; Operating Cash
Costs per ounce and AISC per ounce reflect an average USD to CAD exchange rate of 1.35 and a USD to AUD exchange rate of 1.325, Full Year 2016 Operating Costs and All-In Sustaining Costs as reported March 29, 2017 10
CORNERSTONE ASSETS
LOW COST OUNCES
DISTRICT SCALE GROWTH
• Macassa Mine, Fosterville Mine & Taylor Mine
• ~ 84% of 2017E production
• Growth potential with avaliable milling capacity at each mill
• <US$525 Operating Costs and <US$850 AISC2 (Full Year 2016)
• Fosterville exploration lease +500 km2
• Macassa exploration lease +40 km2
• 120 km land package along prolific Porcupine Destor Fault
Macassa Mine Fosterville Mine Taylor Mine Consolidated
P&P Reserve Grade (g/t Au) 1 20.8 9.2 5.4 14.6
2016 FY Production (oz) 175,167 151,755 42,639 > 369,000
Operating Costs (US$/Oz Sold) FY 20162 US$527 US$4203 US$438 < US$525
AISC (US$/Oz Sold) FY 20162 US$907 US$6413 US$711 < US$850

11. KLGOLD.COM
TSX:KL
11
MACASSA: KEY VALUATION DRIVER
41,054
38,929
42,866
52,318
48,723
15.3
12.2
13.7
16.3 17.1
10
11
12
13
14
15
16
17
18
19
20
Q1 - 16 Q2- 16 Q3 - 16 Q4 - 16 Q1 - 17
30,000
35,000
40,000
45,000
50,000
55,000
GoldProduction(oz)
GoldGrade(g/t)
MINERAL RESOURCE & RESERVES (Dec 31, 2016) 1
Proven and Probable Mineral Reserves increased by 37% to 2.01 million
ounces of gold at an average grade of 20.8 g/t gold (3.0 Mt).
Measured and Indicated Mineral Resources are exclusive of Mineral
Reserves contain 1.32 million ounces grading 16.6 g/t gold (2.24 Mt).
Extensive surface and underground drilling underway.
$1,003
$959
$834
$782
$644
$546
$421
$514
Q2 2016 Q3 2016 Q4 2016 Q1 2017
Production Costs US$/oz2,3 AISC OCC
The Macassa Mine is a high-grade gold mine,
with grade improving at depth, located in
Kirkland Lake, Ontario
1. Refer to appendix for NI 43-101 disclosure 2. SY refers to Stub Year 2015 referencing April 30, 2015 to December 31 2015 8 months 3. See Kirkland Lake News Release dated May 4, 2017 and Q1 2017 MD&A for additional
detail reporting Q1 2017 operating and AISC results

12. KLGOLD.COM
TSX:KLPLAN VIEW OF PROJECT AREA – KIRKLAND LAKE GOLD CAMP
12
• The Kirkland Lake gold camp
has been in production for +
100 years
• One of the highest grade gold
camps in the world
• Almost 25 Moz’s has been
produced to date, from seven
mines
• Kirkland Lake Gold owns five
former producing high grade
mines with historical
production of ~22 Moz’s of
gold
• Average head grade of 15.1 g/tSouth Mine Complex Gold DepositSMC

13. KLGOLD.COM
TSX:KLREGIONAL EXPLORATION ACROSS A PROLIFIC TREND
See News Releases dated January 19, 2016 and November 7, 2016 filed on the sedar profile of Kirkland Lake Gold Ltd on www.sedar.com
• Significant expansion potential down dip, along strike
• Previously released surface exploration results to the east returned values of 29.5 g/t gold over 0.3m (AB-15-92) and 28.1 g/t gold
over 0.6m (AB-15-106)
• Recent Highlight results along the easterly strike of the SMC include:
• 651.8 g/t gold over 3.8 metres, 102.5 g/t gold over 3.2 metres and 100.5 g/t gold over 1.6 metres
13

14. KLGOLD.COM
TSX:KL
14
FOSTERVILLE GOLD MINE: LOW COST PRODUCER
33,138
37,245 36,967
44,406
46,083
7.3
7.5
6.9
8.5
11.1
4.0
5.0
6.0
7.0
8.0
9.0
10.0
11.0
12.0
13.0
Q1 - 16 Q2- 16 Q3 - 16 Q4 - 16 Q1 - 17
20,000
25,000
30,000
35,000
40,000
45,000
50,000
GoldProduction(oz)
GoldGrade(g/t)
MINERAL RESOURCE & RESERVES(Dec 31, 2016) 1
Total Proven and Probable Mineral Reserves increased 66% to 643,000
ounces of gold at an average grade of 9.2 g/t Au (2.17 Mt).
Measured & Indicated Mineral Resource3 grade increased 23% grading 5.7
g/t Au to 2,790,000 ounces of gold (15.3 Mt). Resources are inclusive of Reserves
The Lower Phoenix gold system has been traced by development and drilling
for over 2 km and remains open for further expansion.
$741 $765
$641
$571
$440 $471
$420
$354
Q2 16 Q3 16 Q4 16 Q1 17
Production Costs US$/oz2 AISC OCC
The Fosterville Gold Mine is the largest gold
producer in the state of Victoria, Australia
1. Refer to appendix for NI 43-101 disclosure. 2.See Kirkland Lake Press release dated May 4, 2017 and Q1 2017 MD&A for additional detail, costs presented for Q4 16 only represent the one month since the transaction with Newmarket Gold ending December 31,
2016 reporting Q4 2016 operating and AISC see slide 2 forward looking information regarding non gap measures. 3. Resources are inclusive of Reserves – refer to slide 41.

15. KLGOLD.COM
TSX:KL
15
Harrier Drill Drive
12.5 g/t Au over 2.4m
12.75 g/t Au over 4.5m
Lower Phoenix
Drill Targets
Harrier Decline
Harrier
4.4 g/t Au over 6.1m
6.5 g/t Au over 25m
9.3 g/t Au over 3.3m
9.2 g/t Au
over 11.8m
7.3 g/t Au
over 13.9m
6.2 g/t Au over 1.9m
22.1 g/t Au over 3.3m
First recorded visible
gold from Harrier
16.6 g/t Au
over 3.05m 11.99 g/t Au over 3.4m
14.25 g/t Au over 3.6m
11.1 g/t Au over 4.9m
12.8 g/t Au over 8.5m
112 g/t Au over 11.9m
501 g/t Au over 4.5m
386 g/t Au over 3.4m
16.4 g/t Au over 16.5m
73.2 g/t Au over 7.8m
64.80 g/t Au over 4.3m
(VG)
46.2 g/t Au
over 6.6m (VG)
283 g/t Au over 2.8m
13.4 g/t Au over 3.8m
75.7 g/t Au over 5.4m
194 g/t Au over 3.1m
550 g/t Au over 3.5m
129 g/t Au
over 6.2m (VG)
645 g/t Au
over 3.4m
1,429 g/t Au over 4.97m
FOSTERVILLE GOLD MINE: DRILLING SUCCESS
Mineral Resources, Reserves and mining
as at December 31, 2016
• Consistently intersecting high-grade gold in multiple zones: Harrier, Lower Phoenix, Lower Phoenix South and
Lower Phoenix North with grade increasing at depth on all zones
• Key intercepts Lower Phoenix South & North: 12.75 g/t gold over 4.5m, 13.4g/t gold over 3.8m, 12.5 g/t gold
over 2.4m, & 7.3 g/t gold over 13.9m
• High-Grade Visible Gold (VG) intercepts at Harrier Gold Zone; 64.8 g/t gold over 4.3m, 46.2 g/t gold over
6.6m
• Record high-grade drill intercept on the Lower Phoenix foot wall announced Jan 17, 2017 including 1,429
g/t gold over 4.97m
All intercepts presented are estimated true width

16. KLGOLD.COM
TSX:KL
16
FOSTERVILLE GOLD MINE: DISTRICT SCALE POTENTIAL
Harrier Drill Drive
= Visible gold elevation
depth, increasing with
depth
Current Mining FrontBLOCK A
BLOCK C
BLOCK D
BLOCK B
Lower Phoenix
Phoenix
 Fosterville underground Reserve of 490,000 ounces at 9.8 g/t Au (1,560,000 tonnes) with Measured and Indicated resources
from the high grade Phoenix and Lower Phoenix where Fosterville is currently being mined of of 1.08 million ounces grading
10.1 g/t Au (3,310,000 tonnes) as of Dec 20162
 With additional drilling success blocks A,B,C and D are targeted to add +5 years of additional mine life on top of current
reserves and resources (Block B drilling underway testing 1000 metres down plunge from current resources/reserves)
 Mill Capacity +850k tpa, currently at ~700k tpa. opportunity to open additional mining fronts (three total) in Block A and Block D
 Additionally there are over 20 kilometers of potential gold bearing structures on the 505km2
Fosterville property highlighting the exceptional potential of this district
1. Refer to slide 2 forward looking “Cautionary Language’ 2. Refer to the appendix “NI 43-101 Disclosure

17. KLGOLD.COM
TSX:KLFOSTERVILLE REGIONAL POTENTIAL
17
• Mining lease (MIN5404:~17km2) contains ~10km strike length of
Mineral Resources with ~7km on Fosterville Fault Line and ~3km
on the O’Dwyer’s Fault Line.
• Surrounding exploration leases encompass ~505km2 and
contain ~20km of potential gold-bearing structures along 7
interpreted fault lines.
• 5 of the 7 lines contain known gold occurrences with historic
resources and/or historic workings.
• The processing plant is located within 30km of prospective
targets.
• Limited exploration work on surrounding exploration lease
• The 2017 exploration program includes planned drilling for the
Sugarloaf Line (SW of operation), soil sampling in northern part
of exploration lease and 2D seismic lines over northern and
southern ends of mining lease.
• District scale potential within a well known camp of multi-
million ounce gold deposits
1.08 million ounces M&I
resources at 10.1 g/t gold1,
current mining zones of
Phoenix, Lower Phoenix*
Fosterville mill
* Refer to appendix NI 43-101 technical disclosure, technical reports filed on sedar March 30, 2017 and Year-end 2016
Resource and Reserve News release filed March 28, 2017

18. KLGOLD.COM
TSX:KL
FOCUSED ON INCREASING SHAREHOLDER VALUE
18
• Increased consolidated gold production guidance range to 530,000 – 570,000 oz
• Decreased consolidated operating cash cost per ounce sold1,2 to US$475 - $525
and All-In Sustaining Cost per ounce sold to US$850 - $9001,2
• Added US$45 million cash to the balance sheet (US$37 million in free cash flow)3
• Announced a dividend policy
• Rationalized the business with a focus on high-quality gold production ensuring
sustainable gold production with meaningful profit margins
Since January 2017
1) See Non-GAAP Measures sections in forward looking statements; 2) Operating Cash Costs per ounce and AISC per ounce reflect an average USD to CAD exchange rate of 1.35 and a USD to AUD exchange rate of 1.325. Prior Foreign
exchange guidance on Operating Cash Costs per ounce and AISC per ounce reflect an average USD to CAD exchange rate of 1.28 and a USD to AUD exchange rate of 1.28 3. See Non-GAAP Measures sections in forward looking
statements

19. KLGOLD.COM
TSX:KL
FOCUSED EXECUTION & VALUE CREATION
19
Kirkland Lake Gold is focused on maintaining positive and growing free cash flow margins
while keeping a disciplined approach to capital allocation to ensure profitable sustainable
gold production
Low cost, Robust Margins Diversified Production
Strong Balance Sheet
District Scale
Exploration Potential
Cash balance of US$280 million
at March 31, 2017
Revised 2017E Guiadance of 530,000 –
570,000 oz in Tier 1 Mining Jurisdictions
High quality projects with significant
exploration upside
Strong free cash flow generation and
committed leadership team to deliver
targets
DELIVER SUPERIOR
SHAREHOLDER VALUE

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

21. KLGOLD.COM
TSX:KLVALUE PROPOSTION
21
Source: Company filings, FactSet, Bloomberg, and available equity research, market data as of April 28, 2017 1. NAV, Production, and Cash Flow based on broker consensus; Averages exclude Kirkland Lake
Price / 2017E Cash Flow1P / NAV1
EV / 2017E Production1
$4,876
$4,802
$4,628
$4,271
$3,943
$3,557
$3,506
$3,462
$3,416
$2,997
$2,536
Guyana
Alamos
Torex
Detour
Richmont
Regis
New Gold
OceanaGold
Northern Star
Klondex
Kirkland Lake
Peer Avg. US$3,946/oz
13.0x
10.4x
9.0x
8.6x
8.3x
7.7x
7.6x
6.9x
5.8x
5.6x
5.0x
Alamos
Guyana
Richmont
Detour
Klondex
Regis
Torex
Northern Star
New Gold
Kirkland Lake
OceanaGold
Peer Avg. 8.2x
1.23x
1.22x
1.04x
1.02x
1.01x
0.98x
0.97x
0.93x
0.90x
0.89x
0.83x
Regis
OceanaGold
Northern Star
Kirkland Lake
New Gold
Klondex
Guyana
Richmont
Torex
Alamos
Detour
Peer Avg. 1.00x

22. KLGOLD.COM
TSX:KLANALYST COVERAGE (Jan 2017)
22
Firm Anonymous GMP Barclays CIBC Merrill TD RBC ITG Instinet
Shares Traded 9.6 million 4.9 million 4.6 million 4.5 million 2.7 million 2.4 million 2.2 million 1.6 million 1.3 million
30 Day Avg Volume 1,200,000 (as of April 18, 2017)
Broker
Initiation
Date
Target
Price
(C$)
Target Rating
FY17E
Production Oz
(000’s)
FY17E
Cash Costs
(US$)
FY17E
AISC
(US$)
NAV
(C$M)
CIBC Dec ’16 $12.50 outperform 505 $570 $920
Scotia - $11.50 outperform 509 $625 $895 $1,323
GMP Oct ’15 $14.50 buy 509 $637 $960 -
Macquarie Dec ’16 $14.00 outperform 454 $601 877 $US836
RBC Capital Dec ’16 $13.00 outperform 561 $597 $934 $1,169
PI Financial Jan ’16 $12.50 buy 515 $585 $892
National Bank Dec ’16 $12.50 Outperform 510 $741 1,087
M Partners Dec ’16 $12.50 buy 500 $680 S1,001
BMO - $12.75 market Perform 502 $580 $926
Average $12.86
Opinions estimates or forecasts regarding Kirkland Lake Gold performance made by these analysts are theirs alone and do not represent the opinions estimates or forecasts of the
Company or its management.

23. KLGOLD.COM
TSX:KLBOARD AND SENIOR MANAGEMENT
23
Board of Directors
Eric Sprott Chairman of the Board
Anthony Makuch President & CEO
Barry Olson Independent
Pamela Klessig Independent
Jeffrey Parr Independent
Raymond Threlkeld Independent
Jonathan Gill Independent
Arnold Klassen Independent
Senior Management Team
Anthony Makuch President & Chief Executive Officer
Darren Hall Chief Operating Officer
Philip Yee Chief Financial Officer
Alasdair Federico EVP Corporate Affairs and CSR

24. KLGOLD.COM
TSX:KL
Q4/16 Canadian Operating Results Tonnes Milled Grade (g/t Au) Recovery (%) Production (oz)
MACASSA MINE COMPLEX1 102,289 16.3 97.6 52,318
HOLT MINE 113,499 4.6 94.5 15,761
HOLLOWAY MINE 65,215 5.4 87.3 9,825
TAYLOR MINE 48,254 6.7 96.1 10,048
CONSOLIDATED PRODUCTION 87,952
CANADIAN OPERATIONS – QUARTERLY OPERATING RESULTS
24
1.Pro forma information operating results from: (i) the former Newmarket Gold Inc. (“Newmarket”) assets for the entire 12-month period ended December 31, 2016 including the period from January 1, 2016 to November 29, 2016 prior to the merger with Kirkland Lake Gold Inc. (“KLG”) on November 30,
2016KLG (See Newmarket Press Release dated November 3, 2016); and (ii) the Holt Mine Complex for the entire 12-month period ended December 31, 2016, including the period of January 1, 2016 to January 25, 2016 prior to the acquisition of St Andrew Goldfields Ltd. (“SAS”) by KLG on January 26, 2016
(See News Release dated May 12, 2016). See News Release dated January 9, 2017 filed on the SEDAR profile of the Company at www.sedar.com.
2. In December 2016, Kirkland Lake Gold announced the transitioning of the Holloway Gold Mine to a temporary suspension of operations. The Holloway Mine will be maintained in a production ready state with the intent of restarting the operation in the future with meaningful and enhanced economics
and pending successful exploration programs being completed (See News Release dated December 12, 2016).
Q1/17 Canadian Operating Results Tonnes Milled Grade (g/t Au) Recovery (%) Production (oz)
MACASSA MINE 91,460 17.1 97.1 48,723
HOLT MINE 105,629 4.8 94.9 15,318
TAYLOR MINE 63,289 5.6 96.7 10,942
HOLLOWAY MINE 2 2,676 3.5 89.9 267
CONSOLIDATED PRODUCTION 75,250

25. KLGOLD.COM
TSX:KLAUSTRALIAN OPERATIONS – QUARTERLY OPERATING RESULTS
Q4/16 Australian Operating Results Tonnes Milled Grade (g/t Au) Recovery (%) Production (ozs)
FOSTERVILLE GOLD MINE 176,242 8.48 92.4 44,406
COSMO GOLD MINE 157,770 2.78 94.5 13,307
STAWELL GOLD MINE 2 172,049 1.49 84.5 6,971
CONSOLIDATED PRODUCTION 64,684
Q1/17 Australian Operating Results Tonnes Milled Grade (g/t Au) Recovery (%) Production (ozs)
FOSTERVILLE GOLD MINE 137,788 11.1 93.7 46,083
COSMO GOLD MINE 120,047 2.5 95.2 9,092
CONSOLIDATED PRODUCTION 55,175
25
1.Pro forma information operating results from: (i) the former Newmarket Gold Inc. (“Newmarket”) assets for the entire 12-month period ended December 31, 2016 including the period from January 1, 2016 to November 29, 2016 prior to the merger with Kirkland Lake Gold Inc. (“KLG”) on
November 30, 2016 (See Newmarket Press Release dated November 3, 2016); and (ii) the Holt Mine Complex for the entire 12-month period ended December 31, 2016, including the period of January 1, 2016 to January 25, 2016 prior to the acquisition of St Andrew Goldfields Ltd. (“SAS”) by
KLG on January 26, 2016 (See News release dated May 12, 2016). 2. The Company officially transitioned the Stawell Gold Mines into care and maintenance and in a state of operational readiness to possibly recommence operations with activities focused on exploration programs within
the Aurora B discovery (See News Release dated December 12, 2016).

26. KLGOLD.COM
TSX:KLCONSOLIDATED FINANCIAL HIGHLIGHTS FOR 2016 Q4 & YEAR END1
26
CONSOLIDATED KEY PERFORMANCE MEASURES
1. Refer to slide 2 forward looking and Non IFRS Disclosure, operating Cash Costs per ounce and AISC per ounce reflect an average USD to CAD exchange rate of 1.28 and a USD to AUD exchange rate of 1.28 and the
Management Discussion & Analysis and Financial Statements as at December 31, 2016 available on the companies website www.klgold.com and on www.sedar.com under the companies profile
(In thousands of dollars, except per
share amounts)
THREE MONTHS ENDED
DECEMBER 31, 2016
TWO MONTHS ENDED
DECEMBER 31, 2015
YEAR ENDED DECEMBER
31, 2016
EIGHT MONTHS ENDED
DECEMBER 2015
Revenue $134,225 $27,860 $406,664 $115,796
Production costs $66,152 $15,399 $198,369 $64,730
Net earnings before taxes $11,194 $1,888 $73,263 $12,802
Net earnings $3,076 $609 $42,107 $5,731
Earnings per share – basic $0.02 $0.01 $0.35 $0.07
Earnings per share – diluted $0.02 $0.01 $0.34 $0.07
Cash flow from operations $65,014 $11,388 $180,928 $39,358
Cash investment on mine
development & PPE
$23,885 $5,178 $73,694 $26,258
Adjusted net earnings $27,909 $609 $75,282 $5,731
Adjusted net earnings per share $0.19 $0.01 $0.62 $0.07
THREE MONTHS ENDED
DECEMBER 31, 2016
TWO MONTHS ENDED
DECEMBER 31, 2015
YEAR ENDED DECEMBER
31, 2016
EIGHT MONTHS ENDED
DECEMBER 2015
Tonnes milled 469,968 62,158 1,304,037 225,729
Grade (g/t Au) 7.5 14.1 7.9 14.4
Recovery (%) 93.6 97.2 95.1 97.1
Gold produced (oz) 106,609 27,604 314,495 102,597
Gold sold (oz) 111,690 25,284 329,489 101,094
Average realized price ($/ oz sold) $1,202 $1,102 $1,234 $1,145
Operating cash cost per ounce
($/ oz sold)
$533 $604 $571 $638
AISC ($/ oz sold) $883 $1,006 $923 $970

27. KLGOLD.COM
TSX:KLDIVERSE ASSET PORTFOLIO
Strong Pipeline of Growth Projects
Significant Exploration Potential
• Macassa: Cornerstone, high-grade operation (reserve grade of 20.8 g/t)
• Fosterville: Flagship operation continuing to demonstrate record production and record grades
• Taylor: Exciting newly-built mine with exploration upside to drive future growth
• Holt: Sustainable and profitable production
• Cosmo: New near mine discoveries support improved operations
• Holt Mine Complex (Zone 7): Planned production in 2018 will provide >25kozs per year to the Holt Mine
production profile
• Hislop Mine: Potential development asset (shallow open pit opportunity proximal to mill)
• Maud Creek: PEA-stage project planned to produce an average of ~50koz Au/year leveraging excess capacity at
the 100% owned Union Reefs mill
• Big Hill: Low-cost, shallow oxide open pit opportunity within existing Stawell mining lease
• Kirkland Lake Camp: Drilling to test the extension of the SMC and the historic ‘04/Main break at depth
• Porcupine-Destor Fault : Focus to increase mine-life, as well as drill testing a 120km strike length of
prospective ground for new discoveries
• Victoria: New high-grade discovery at Fosterville, active drilling on Aurora B discovery at Stawell
• Northern Territory: New discoveries at Cosmo including Redbelly & Taipan Lode, with continued
exploration success at Sliver Lode
Refer to Reserve and Resource Statements in Appendix of this presentation. Refer to Slide 31 “NI 43-101 Disclosure”.
27

28. KLGOLD.COM
TSX:KLMACASSA MINE OVERVIEW
Gold Production (oz)
Prior to 2016 the Company’s year end was May 1 to April 30
F2014A F2015A 2016A
Cash Costs
(US$/oz)
$812 $625 $527
AISC (US$/oz) $1,141 $803 $902
• 1,000tpd underground operation
• 70% of ore tonnes derived from the higher grade South
Mine Complex, and 30% from the ‘04 Break mineralization
• Mining to depths of 5400 feet below surface
• 2,000tpd processing capacity (50% unused)
• Conventional CIP milling facility with 4 available mills
grinding to 40 to 45 micron
• Recoveries averaging over 95%
• Opportunities being reviewed to increase production and
reduce costs.
Resources are exclusive of Reserves. Refer to Reserve and Resource Statements Slide 31 “NI 43-101 Disclosure”. Refer to Slide 2 “Use of Non-GAAP Measures”.
1 Adjusted to reflect calendar-year production and grade.
1
Updated Mineral Reserves & Resources (Dec. 31, 2016)
#3 Shaft #2 Shaft
155,226
28
155,226
175,167
CY2015 2016
30,000
80,000
130,000
180,000
230,000
Proven and Probable Mineral Reserves increased by 37% to 2.01
million ounces of gold at an average grade of 20.8 g/t gold.
Measured and Indicated Mineral Resources are exclusive of
Mineral Reserves contain 1.32 million ounces grading 16.6 g/t
gold.

29. KLGOLD.COM
TSX:KLMACASSA CROSS SECTION LOOKING EAST
SELECTED HIGHLIGHTS
AB-15-12 11.7 gpt/ 0.3 metres
0.34 opt/ 1.0 feet
AB-15-23
3,241.4 gpt/ 0.7 metres
94.54 opt/ 2.3 feet
11.7 gpt/ 0.3 metres
0.34 opt/ 1.0 feet
AB-15-53
12.3 gpt/ 0.5 metres
0.36 opt/ 1.7 feet
AB-15-91
646.3 gpt/ 0.9 metres
18.85 opt/ 2.8 feet
including
1,783.2 gpt/ 0.3 metres
52.01 opt/ 1.0 feet
And
89.5 gpt/ 0.3 metres
2.61 opt/ 1.0 feet
See press release dated November 3, 2015, as filed on SEDAR
29

30. KLGOLD.COM
TSX:KLSOUTH MINE COMPLEX (SMC) UNDERGROUND DRILLING
Plan View showing 5300’ Level infrastructure testing the easterly strike extension of the SMC
30

31. KLGOLD.COM
TSX:KLSMC DRILLING ON THE HM CLAIM
31

32. KLGOLD.COM
TSX:KL’04 MAIN BREAK UNDERGROUND DRILLING
3000’Level
Long Section View Looking North
32

33. KLGOLD.COM
TSX:KLHolt-Holloway Exploration Targets
Holt Property
Holloway Property
Holloway West
(Harker)
Lightval
33

34. KLGOLD.COM
TSX:KLHOLT MINE COMPLEX
34
90,676
107,733
127,860
2014A 2015A 2016A
Gold Production (oz)
Mine Overview Stats2
2014A 2015A 2016A
Gold Production (oz) 90,676 107,733 120,671
Gold Grade (g/t) 4.3 5.3 5.2
Cash Costs (US$/oz) $851 $698 $527
AISC (US$/oz) $1,072 $942 $902
• Two producing mines contribute ~1,900 tpd
• Holt ~1,300tpd
• Taylor ~ 550tpd
• 3,000tpd processing capacity (30% unused)
• Conventional CIL milling facility
• 3 mill grinding circuit
• 2017 exploration is focused on increasing the level of
resources and reserves to boost mine life
1. Refer to appendix for NI 43-101 Disclosure, 2. See Non-GAAP Measures sections in forward looking statements; Operating Cash Costs per ounce and AISC per ounce reflect an average USD to CAD exchange rate of 1.28 and a USD to AUD exchange rate of 1.28

35. KLGOLD.COM
TSX:KLHOLT EXPLORATION TARGETS
351. Refer to appendix for NI 43-101 Disclosure
Tousignant
Deposit
Zone 6
Zone 4
Mattawasaga Pits
Zone 7
Surface
1075m Level
925m Level
435m Level
Current drift
development
Zone 4 West Extension
500 m1 km 02 km3 km 1 km 1.5 km
Zone 7 Target
ZONE 4 TARGET
Cascade Deposit
TOUSIGNANT
TARGET
Longsection looking North at Holt Mine
2 surface drills targeting
Tousignant West
and Cascade Deposit
Surface
Shaft Bottom
(867m)
LIGHTNING DEEP TARGET
(down plunge)
BLACKTOP TARGET
(west extension)
HOLLOWAY NORTH
TARGET
500 m 1 km 3 km
DEEP THUNDER
TARGET
(along strike)
Longsection looking North at Holloway Mine

36. KLGOLD.COM
TSX:KLCOSMO GOLD MINE OVERVIEW
36
77,740
63,255
55,765
2014A 2015A 2016A
Gold Production (oz)
Mine Overview Stats
2014A(3)
2015A(3)
2016A
Gold Production
(oz)
77,740 63,255 55,765
Gold Grade (g/t) 3.14 2.99 2.9
Recovery (%) 88.9 90.7
93.6
Cash Costs
(US$/oz)(4) $1,000 $917 $1,048
AISC (US$/oz)(4) $1,263 $1,154 1,173
• To be placed on temporary care and maintenance June 30,
2017
• Located in the Northern Territory which also hosts additional
camps including Union Reefs, Maud Creek, and Howley
• ~800ktpa underground operation with decline access
employing primarily Avoca mining method
• Mill located at Union Reefs, 67km away from Cosmo, has
2.0Mtpa processing capacity (60% unused) and conventional
circuit – 3 stage crush, 2 stage ball, gravity and CIL, with
regional toll milling opportunities
• Highlights and Key Drill Intercepts from the Newly
Discovered Lantern Gold Deposit near existing underground
infrastructure:
• 119 g/t Au(1)over 4.5m (ETW 4.0m), including 521 g/t
Au(1)over 1.0m (ETW 0.9m) in hole CW93515
• 15.27 g/t Au(1) over 11.1m (ETW 7.0m), including 29.7 g/t
Au(1)over 5.2m (ETW 3.1m),and 23.87 g/t Au over 5.4m
(ETW 2.9m), including 125 g/t Au(1) (2)over 0.8m (ETW
0.4m) in hole CW101012
• 4.34 g/t Au(1)over 22.75m (ETW 11.3m) in hole
CW101002(2)
• 4.23 g/t Au over 16.6m (ETW 9.8m) in hole CW101010
• 9.64 g/t Au(1)over 6.0m (ETW 3.85m) in hole CW101006
ETW - Estimated True Width
(1) Visible gold present in drill intercept (2) Previously reported intercept - See News Release dated July 22, 2015 (3) Operating results from previous owners (4) 2016 operating costs and AISC refer to the
one month ended December 31, 2016 following the completion of the business combination with Newmarket Gold.

37. KLGOLD.COM
TSX:KLCOSMO MINE: NEW LANTERN DEPOSIT
37Note: For further information on drill results see News Release dated March 6, 2017 at www.klgold.com

38. KLGOLD.COM
TSX:KLMAUD CREEK PROJECT OVERVIEW
38
Base Case Highlights Utilizing Union Reefs Mill
Based on May 2016 Amended PEA using US$1,200/oz (AUD$1,550)
gold price and AUD:USD 0.77
Pre-Tax NPV5% US$155 million
IRR (Pre-tax) 116%
After-Tax NPV5% US$105 million
Internal Rate of Return (After-tax) 80%
Pay Back 1.25 years
Pre-Production Capital Cost US$32 million
Mine Life 9.5 years
Diluted Gold Grade 4.2 g/t gold
Gold Recovery (Oxide/Transitional) 85%
Gold Recovery (sulphide) 95%
LOM Recovered Gold 496,000 ounces
Average Annual Production 52,000 ounces
LOM Cash Operating Cost US$632
• Union Reefs Mill has 1.2Mt of excess capacity to treat
additional ore and is located 67km from Cosmo and 144km
from Maud Creek
The PEA is preliminary in nature and is based on a number of assumptions that may be changed in the future as additional information becomes available. The PEA includes inferred mineral resources that are
considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized.
The Maud Creek Gold Project PEA Technical Report is available on Sedar and www.newmarketgoldinc.com and was compiled by Peter Fairfield, Principal Consultant (Project Evaluation), BEng (Mining), FAusIMM
CP (Mining) of SRK Consulting (Australasia) Pty Ltd. By virtue of his education, membership to a recognized professional association and relevant work experience, Peter Fairfield is an independent "Qualified
Person" as such term is defined in NI 43-101. Mineral resources that are not mineral reserves do not have demonstrated economic viability. For full details please see press release dated May 16, 2016.
Refer to Slide 2 “Forward Looking Information”.

39. KLGOLD.COM
TSX:KLSTAWELL GOLD MINE
39
39,230
36,321
32,204
2014A 2015A YTD2016A
Gold Production (oz)
Mine Overview Stats
2014A 2015A YTD2016A Q4 2016 FY 2016
Gold
Production
(oz)
39,230 36,321 25,233 6,971 32,204
Gold Grade
(g/t)
1.67 1.56 1.46 1.49 1.47
Recovery
(%)
78.8 80.8 79.9 84.5 80.9
Cash Costs
(US$/oz)
$1,151 $917 $1,222 $1,973 $1,973
AISC
(US$/oz)
$1,193 $1,063 $1,345 $2,025 $2,025
• Q4 2016 Stawell Gold Mines put on Care and Maintenance
• Underground operation with decline access employing open
stoping with either CRF or combinations of CRF and rock fill
or all rock fill with pillars
• 1.0 Mtpa processing capacity; conventional crush-grind
followed by sulphide flotation and CIL
• Open Pit, Big Hill P&P Reserves of 132 koz at 1.59 g/t Au,
M&I of 166 koz at 1.52 g/t and Inferred Resources of 2 koz at
1.15 g/t
• 2016 Drill Campaign has 2 drills active on the East Flank
(mining traditionally focused on West Flank with 2.3 Moz of
past production):
• Aurora B discovery on East Flank with maiden resource of
30,400oz at 3.5 g/t
• Intercepts include 13.7 g/t over 5.4m
• Big Hill Gold Project is a low cost, shallow oxide open pit
opportunity adjacent to Stawell
• Currently awaiting permitting process
1. 2016 operating costs and AISC refer to the one month ended December 31, 2016 following the completion of the business combination with Newmarket Gold.

40. KLGOLD.COM
TSX:KLSTAWELL GOLD MINE AURORA B GOLD ZONE
40
Maiden Inferred Mineral Resource of
30,400 ounces grading 3.5g/t gold.
East Flank
Target
Aurora A
Traditionally mined
West Flank total
production to date
2.3 million ounces
Magdala
13.7 g/t gold over 5.4 m
Aurora B located approximately
500m above Aurora A
Two diamond drill rigs
active on the east flank

41. KLGOLD.COM
TSX:KL
41
APPENDIX: CONSOLIDATED MINERAL RESERVES BY ASSET AS OF DEC 31, 2016
PROVEN PROBABLE PROVEN & PROBABLE
Tonnes
(000’s)
Gold Grade
(g/t )
Gold
Ounces
Tonnes
(000’s)
Gold Grade
(g/t )
Gold
Ounces
Tonnes
(000’s)
Gold Grade
(g/t )
Gold
Ounces
Macassa 610 16.9 332 2,390 21.8 1,670 3,000 20.8 2,010
Taylor 0 0 0 743 5.4 129 743 5.4 129
Holt 1,450 4.2 194 2,500 4.7 376 3,950 4.5 570
Holloway 0 0 0 57 5.7 10 57 5.7 10
Hislop 0 0 0 176 5.8 33 176 5.8 33
Total Canadian Assets 2,060 8.0 526 5,870 11.8 2,220 7,930 10.8 2,750
Fosterville 896 7.9 229 1,280 10.1 414 2,170 9.2 643
Northern Territory 98 3.0 9 2,310 2.3 168 2,400 2.3 177
Stawell 0 0 0 2,700 1.5 132 2,700 1.5 132
Total Australian Assets 994 7.5 238 6,280 3.5 713 7,280 4.1 952
Total Reserves 3,050 7.8 764 12,200 7.5 2,940 15,200 7.6 3,700
Notes
CIM definitions (2014) were followed in the calculation of Mineral Reserves
Mineral Reserves were estimated using a long-term gold price of US$1,200/oz (C$1,500/oz; A$1,500/oz)
Cut-off grades for Canadian Assets were calculated for each stope, including the costs of: mining, milling, General and Administration, royalties and capital expenditures and other modifying factors (e.g. dilution, mining
extraction, mill recovery.
Cut-off grades for Australian Assets from 0.4 g/t Au to 3.1 g/t Au, depending upon width, mining method and ground conditions; Dilution and mining recovery factors varied by property
Mineral Reserves estimates for the Canadian Assets were prepared under the supervision of P. Rocque, P. Eng.
Mineral Reserves estimates for the Fosterville property were prepared under the supervision of Ion Hann, FAusIMM.
Fosterville CIL Residues are stated as Proven contained ounces. Mill recovery of 25% are planned, based on operating performance.
Mineral Reserves estimates for the Northern Territory property were prepared under the supervision of Jason Keily, FAusIMM (CP).
Mineral Reserves estimates for the Stawell property were prepared under the supervision of Ian Holland, FAusIMM.
Totals may not add exactly due to rounding

42. KLGOLD.COM
TSX:KL
42
APPENDIX: CANADIAN ASSETS MINERAL RESOURCES AS OF DEC 31, 2016
MEASURED INDICATED MEASURED & INDICATED INFERRED
Tonnes
(000’s)
Gold
Grade
(g/t)
Gold
Ounces
Tonnes
(000’s)
Gold
Grade
(g/t)
Gold
Ounces
Tonnes
(000’s)
Gold
Grade
(g/t)
Gold
Ounces
Tonnes
(000’s)
Gold
Grade
(g/t)
Gold
Ounces
Macassa 907 16.2 474 1,570 16.8 849 2,480 16.6 1,320 1,420 20.2 924
Taylor 399 6.0 77 2,360 5.5 416 2,760 5.6 493 1,810 5.4 313
Holt 3,960 4.3 549 3,020 4.1 398 6,970 4.2 947 8,690 4.7 1,320
Holloway 156 4.1 21 1,210 5.4 210 1,370 5.3 231 2,710 5.2 456
Hislop 0 0.0 0 1,150 3.6 132 1,150 3.6 132 797 3.7 95
Aquarius 0 0.0 0 22,300 1.3 926 22,300 1.3 926 9 0.8 0
Canamax 0 0.0 0 240 5.1 39 240 5.1 39 170 4.3 23
Ludgate 0 0.0 0 522 4.1 68 522 4.1 68 1,400 3.6 162
Totals 5,420 6.4 1,120 32,400 2.9 3,040 37,800 3.4 4,160 17,000 6.0 3,300
Notes
1) CIMM definitions (2014) were followed in the calculation of Mineral Resource
2) Mineral Resources are reported Exclusive of Mineral Reserves
3) Mineral Resource estimates were prepared under the supervision of D. Cater, P. Geo. Vice President Exploration Canada
4) Canadian Assets consist of Macassa, Holt, Taylor, Holloway, Canamax, Ludgate, Hislop, Aquarius
5) Mineral Resources are estimated using a long-term gold price of US$1,200/oz (C$1,500/oz)
6) Mineral Resources were estimated using a 8.57 g/t cut-off grade for Macassa, a 2.9 g/t cut-off grade for Holt, and a 2.6 g/t cut-off grade for Taylor, a 3.9 g/t cut-off grade (Holloway), a 2.5 g/t cut-off
grade for Canamax and Ludgate, a 2.2 g/t cut-off grade for Hislop and 0 g/t cut-off grade for Aquarius
7) Totals may not add up due to rounding

43. KLGOLD.COM
TSX:KL
43
APPENDIX: AUSTRALIAN ASSETS MINERAL RESOURCES AS OF DEC 31, 2016
MEASURED INDICATED MEASURED & INDICATED INFERRED
Tonnes
(000’s)
Gold
Grade
(g/t)
Gold
Ounces
Tonnes
(000’s)
Gold
Grade
(g/t)
Gold
Ounces
Tonnes
(000’s)
Gold
Grade
(g/t)
Gold
Ounces
Tonnes
(000’s)
Gold
Grade
(g/t)
Gold
Ounces
Fosterville 2,760 4.8 427 12,600 5.8 2,360 15,300 5.7 2,790 5,400 4.6 792
Northern Territory 2,520 4.2 344 28,200 2.0 1,840 30,700 2.2 2,180 15,140 2.3 1,110
Stawell 81 3.7 10 3,620 2.0 236 3,700 2.1 246 1,130 2.9 104
Totals 5,360 4.5 781 44,400 3.1 4,440 49,700 3.3 5,220 21,700 2.9 2,000
Notes
1) CIM definitions (2014) were followed in the estimation of Mineral Resource.
2) Mineral Resources are estimated using a long-term gold price of US$1,200/oz (A$1,500/oz)
3) Mineral Resources for the Australian assets are reported Inclusive of Mineral Reserves.
4) Mineral Resources at Fosterville were estimated using cut-off grades of 0.7 g/t Au for oxide and 1.0 g/t Au for sulfide mineralization to potentially open-pitable depths of approximately 100m, below which a cut-off
grade of 3.0 g/t Au was used.
5) Carbon-In-Leach Residues at Fosterville is stated as contained ounces – 25% recovery is expected based on operating performances.
6) Mineral Resources in the Northern Territory were estimated using a cut-off grade of 0.5 g/t Au for potentially open-pitable mineralization and cut-offs of 1.5 to 2.0g/t Au for underground mineralization.
7) Mineral Resources at the Stawell property were estimated using a 0.35g/t Au cut-off grade for potentially open-pitable mineralization and a range of cut-offs (2.0 to 2.3 g/t Au) for underground mineralization.
8) Mineral Resource estimates for the Fosterville property were prepared under the supervision of Troy Fuller, MAIG.
9) Mineral Resource estimates for the Northern Territory properties, excluding the Maud Creek Deposit, were prepared under the supervision of Mark Edwards, FAusIMM (CP).
10) Mineral Resource estimates for the Maud Creek property in the Northern Territory, was prepared by Danny Kentwell, FAusIMM.
11) Mineral Resource estimates for the Stawell property were prepared under the supervision of John Winterbottom, MAIG.
12) Totals may not add up due to rounding.

44. KLGOLD.COM
TSX:KL
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APPENDIX: NON-IFRS AND ADDITIONAL INFORMATION
Non GAAP Measures
Operating cash cost per ounce sold, all-in sustaining costs per ounce sold, average realized gold price per ounce and working capital are Non-GAAP measures. In the gold mining industry, these are common performance
measures but do not have any standardized meaning, and are considered Non-GAAP measures. The Company believes that, in addition to conventional measures prepared in accordance with International Financial Reporting
Standards ("IFRS" or "GAAP"), certain investors use such Non-GAAP measures to evaluate the Company's performance and ability to generate cash flow. Accordingly, they are intended to provide additional information and
should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. A reconciliation of operating cost per ounce and AISC per ounce to total operating costs for the most
recent reporting period, the three and twelve months ended December 31, 2016 and the eight months ended December 31, 2015, is set out on the Company's MD&A for the period ended December 31, 2016 filed on SEDAR at
www.sedar.com and at www.klgold.com.
Operating Cash Cost per Ounce Sold (“OCC”)
Operating cash costs include mine site operating costs such as mining, processing and administration, but exclude royalty expenses, depreciation and depletion, share based payment expenses and reclamation costs. Operating
cost per ounce is based on ounces sold and is calculated by dividing operating cash costs by gold ounces sold.
All-In Sustaining Costs per Ounce Sold (“AISC”)
While there is no standardized meaning across the industry for this measure, the Company's definition conforms to the definition of all-in sustaining costs as set out by the World Gold Council in its guidance note dated June 27,
2013. The Company defines AISC as the sum of operating cash costs, royalty expenses, sustaining capital, corporate expenses, sustaining exploration expenses, and reclamation cost accretion related to current operations.
Corporate expenses include general and administrative expenses, net of transaction related costs, severance expenses for management changes and interest income and certain other income. AISC excludes growth capital,
reclamation cost accretion not related to current operations, interest expense, debt repayment and taxes. The costs included in the calculation of all-in sustaining costs are divided by gold ounces sold.
Average Realized Price per Ounce Sold
Average realized price per ounce sold is a Non-GAAP measure. In the gold mining industry, average realized price per ounce sold is a common performance measures but does not have any standardized meaning.
The most directly comparable measure prepared in accordance with GAAP is revenue from gold sales. Average realized price per ounce sold should not be considered in isolation or as a substitute for measures prepared in
accordance with GAAP. The measure is intended to assist readers in evaluating the total revenues realized in a period from current operations.
Free Cash Flow and Free Cash Flow per share
In the gold mining industry, free cash flow and free cash per share are common performance measures with no standardized meaning. Free cash flow is calculated by deducting capital cash spending (capital expenditures for
the period, net of expenditures paid through finance leases) from cash flows from operations; free cash flow per share is calculated by dividing free cash flow for the period by the weighted average number of outstanding
shares for that period.
The Company discloses free cash flow and free cash flow per share as it believes the measures provide valuable assistance to investors and analysts in evaluating the Company’s ability to generate cash flow. The most directly
comparable measure prepared in accordance with GAAP is cash flows generated from operations.
Adjusted Net Earnings (Loss) and Adjusted Net Earnings (Loss) per Share
Adjusted net earnings (loss) and adjusted net earnings (loss) per share are used by management and investors to measure the underlying operating performance of the Company. Presenting these measures from period to
period helps management and investors evaluate earnings trends more readily in comparison with results from prior periods.
Adjusted net earnings (loss) is defined as net earnings (loss) adjusted to exclude specific items that are significant, but not reflective of the underlying operations of the Company, including transaction costs, executive
severance payments, and severance costs associated with transitioning the Stawell Gold Mine and Holloway Mine to care and maintenance. Adjusted basic net earnings (loss) per share is calculated using the weighted
average number of shares outstanding under the basic method of loss per share as determined under IFRS.
Working Capital
In the gold mining industry, working capital is a common performance measures but does not have any standardized meaning. The most directly comparable measure prepared in accordance with GAAP is current assets and
current liabilities. Working capital is calculated by deducting current liabilities from current assets. Working capital should not be considered in isolation or as a substitute for measures prepared in accordance with GAAP. The
measure is intended to assist readers in evaluating Company’s liquidity.
EBITDA
As a performance measure, EBITDA is an indicator of the Company’s ability to generate liquidity by producing operating cash flow to fund working capital needs, service debt obligations and fund capital expenditures. EBITDA
is calculated as Earnings Before Tax plus interest expense plus depreciation and amortization expense. EBITDA gauges a Company’s operating profitability, meaning earnings it generates in the normal course of doing business,
without capital expenditures and financing costs.
Qualified Persons
Pierre Rocque, P.Eng., Vice President, Technical Services is a “qualified person” as defined in National Instrument 43-101 and has reviewed and approved the scientific and technical information in this Presentation.

45. KLGOLD.COM
TSX:KLNI 43-101 DISCLOSURE
Kirkland Lake Gold Qualified Person and QA/QC
All production information and other scientific and technical information in this presentation with respect to Kirkland Lake Gold and its assets were prepared in accordance with the standards
of the Canadian Institute of Mining, Metallurgy and Petroleum and National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and were prepared, reviewed,
verified and compiled by Kirkland Lake Gold’s mining staff under the supervision of, Pierre Rocque P. Eng., Kirkland Lake Gold’s Vice President, Technical Services.
The exploration programs across Kirkland Lake Gold’s land holdings in Kirkland Lake were prepared, reviewed, verified and compiled by Kirkland Lake Gold’s geological staff under the
supervision of Doug Cater, P.Geo., the Company’s Vice President of Exploration, Canadian Operations. All reserve and resource estimates for the Kirkland Lake Properties as at December 31,
2014 have been audited and verified, and the technical disclosure has been approved, by Kirkland Lake Gold’s independent reserve and resource engineer, Glenn R. Clark, P. Eng., of Glenn R.
Clark & Associates Limited. Mr. Clark is a ‘qualified person’ under NI 43-101. The QP’s for the mineral reserves and resources outlined under the PDFZ Properties are Doug Cater, P. Geo,
and,Pierre Rocque P. Eng., the Vice President of Technical Services respectively.
Sample preparation, analytical techniques, laboratories used and quality assurance-quality control protocols used during the exploration drilling programs are done consistent with industry
standards and independent certified assay labs.
REFER TO KIRKLAND LAKE GOLD ANNUAL INFORMATION FORM DATED MARCH 30, 2017, AVAILABLE ON SEDAR (www.sedar.com) FOR COMPLETE NI 43-101 NOTES AND DISCLOSURE PERTAINING TO THE
RESOURCE AND RESERVE STATEMENTS QUOTED HEREIN. All updated NI 43-101 TECHNICAL REPORTS IN SUPPORT OF THE COMPANY’S NEWS RELEASES ISSUED ON MARCH 30, 2017, ENTITLED “KIRKLAND LAKE
GOLD INCREASES MINERAL RESERVES AT FLAGSHIP MACASSA MINE BY 37% AND FOSTERVILLE MINE BY 66%” WILL BE FILED ON MARCH 30, 2017 ON SEDAR AT WWW.SEDAR.COM
Qualified Persons
Pierre Rocque, P.Eng., Vice President, Technical Services is a "qualified person" as defined in National Instrument 43-101 and has reviewed and approved disclosure of the Mineral Reserves
technical information and data for all Kirkland Lake Gold assets in this News Release.
Simon Hitchman, FAusIMM (CP), MAIG, Principal Geologist, is a “qualified person” as such term is defined in National Instrument 43-101 and has reviewed and approved the Mineral
Resources technical information and data from the Australian Assets included in this News Release.
Doug Cater, P. Geo Vice President, Exploration, Canada is a "qualified person" as defined in National Instrument 43-101 and has reviewed and approved disclosure of the Mineral Resources
technical information and data for the Canadian Assets included in this News Release.
45
Cautionary Note to U.S. Investors - Mineral Reserve and Resource Estimates
All resource and reserve estimates included in this news release or documents referenced in this news release have been prepared in accordance with Canadian National Instrument 43-101 - Standards of Disclosure
for Mineral Projects ("NI 43-101") and the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") - CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as
amended (the "CIM Standards"). NI 43-101 is a rule developed by the Canadian Securities Administrators, which established standards for all public disclosure an issuer makes of scientific and technical information
concerning mineral projects. The terms "mineral reserve", "proven mineral reserve" and "probable mineral reserve" are Canadian mining terms as defined in accordance with NI 43-101 and the CIM Standards.
These definitions differ materially from the definitions in SEC Industry Guide 7 ("SEC Industry Guide 7") under the United States Securities Act of 1933, as amended, and the Exchange Act.
In addition, the terms "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" are defined in and required to be disclosed by NI 43-101 and the CIM
Standards; however, these terms are not defined terms under SEC Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the U.S. Securities and Exchange
Commission (the "SEC"). Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into reserves. "Inferred mineral resources" have a great amount of
uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category.
Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in very limited circumstances. Investors are cautioned not to assume that all or
any part of a mineral resource exists, will ever be converted into a mineral reserve or is or will ever be economically or legally mineable or recovered.

46. KLGOLD.COM
TSX: KL
TONY MAKUCH
President & Chief Executive OfficerApril 2017
200 Bay Street, Suite 3120
RBC Plaza - South Tower
Toronto ON M5J 2J1
Main Telephone: 416-840-7884
Ryan King, Vice President Investor Relations
E:rking@klgold.com
D:778 372 5611
46