Kirkland Lake Gold - European Marketing - April 2015

A PROFITABLE FUTURE
European Marketing April 13-22, 2015
A RICH HISTORY
TSX/AIM:KGI

Forward Looking Statements
Cautionary Note Regarding Forward Looking Statements.
This presentation contains statements which constitute ”forward-looking statements”, including statements regarding
the plans, intentions, beliefs and current expectations of the Company with respect to the future business activities
and operating performance of the Company. The words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”,
“anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, are intended to
identify such forward-looking statements. Forward-looking statements used in this Presentation include, but
may not be limited to; statements regarding the Company’s guidance for fiscal 2015 including ounces
produced and grade assumptions, cash operating cost per ounce and AICC, sustaining capital, revenue,
operating cash flow and free cash flow generation; the ability to bring more higher grade stopes online from
the 5400 level and access to the 5600 level and the timing thereof; the exploration programs and the results
and timing thereof; and production and grade guidance for fiscal 2016 and 2017. Investors are cautioned that
forward-looking statements are based on the opinions, assumptions and estimates of management considered
reasonable at the date the statements are made such as, without limitation, opinion, assumptions and estimates of
management regarding the Company’s business, its ability to increase its production capacity and decrease its
production cost. Such opinions, assumptions and estimates, are inherently subject to a variety of risks and
uncertainties and other known and unknown factors that could cause actual events or results to differ materially from
those projected in the forward-looking statements. These factors are discussed in length in the Company's annual
Management's Discussion and Analysis and Annual Information Form for the year ended April 30, 2014. and the
Company’s Management's Discussion and Analysis for the interim period ended January 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.
TSX/AIM:KGI www.klgold.com 2

Investment Highlights
Located in Ontario, one of the safest and lowest risk mining jurisdictions globally
Attractive NI43-101 high grade reserve and resource profile with a long mine life
Growing annual production, declining cost base and improving unit costs
Company returning to profitability and free cash flow
Significant exploration potential with organic growth
Potential upside with a higher gold price and a weaker Canadian dollar
www.klgold.com 3TSX/AIM:KGI
Experienced and Diverse Board of Directors and Management Team

Strong Leadership
Eric Sprott, Chairman of the Board (Non-executive Director)
Dawn Whittaker, LLB (Non-executive Director)
Pamela Klessig, P.Geo (Non-executive Director)
John Thomson, CA
George Ogilvie, P.Eng
Barry Cooper, B.Sc., MBA (Non-executive Director)
Jeffrey Parr, CA, BA, MBA (Non-executive Director)
Barry Olson, M.Sc. (Non-executive Director)
George Ogilvie, P.Eng. – President & CEO
John Thomson – Executive VP & CFO
Chris Stewart, P.Eng. – VP Operations
Board of Directors
Executive Management

Financial Position
CASH C$76.6 million1
DEBT C$120 million
convertible debentures
KGI.DB: 6% coupon/ $15.00 strike
C$54.5MM mature Jun/2017
KGI.DB.A: 7.5% coupon/ $13.70 strike
C$65.5MM mature Dec/2017
April 1, 2015
3
– KGI announces NCIB for
both issues of the convertible debentures.
ROYALTY 2.5% NSR
Franco Nevada Corporation
option to buyback 1% by October 31, 2016, at a cost
of $36MM less any money paid against the 1%
52 Week Performance
2
HIGH C$6.19
LOW C$2.51
1As at February 18, 2015 – Upon Close of Bought Deal Financing (see Appendix for more details on Financing), 2 As at March 11, 2015
3 See press release dated April 1, 2015, for details on the NCIB
CAPITAL STRUCTURE 2
ISSUED SHARES 80,016,617
Stock Options 4,244,800
Convertible Debentures 8,869,829
FULLY DILUTED 93,017,046
MARKET CAP ~408 Million2
Major Shareholders (~50%)
2
Resolute Funds (11%)
Eric Sprott (10%)
Columbia Wanger Asset Management LLC (8%)
Equinox Partners (7%)
Van Eck Associates Corporation (5%)
Harry Dobson (4%)
ABC Funds (4%)

60%
70%
80%
90%
100%
110%
120%
130%
140%
150%
Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15
Kirkland Lake (TSX:KGI) Gold Price (C$ / oz)
KGI Share Price vs Gold Price
15%
(1%)
Strategic Review
Concluded
Flow Through
Financing
Q1/15 Results
Drilling
Results
Q2/15 Production
Results
MRMR Update
Q4/14 Results
BOD
Appointment
& Financing
Q2/15 Results
3 Year Production
Guidance
Q1/15
Production
Drilling
Results
Q3/15 Production
Results
Drilling
Results
Close $35MM
Financing

Kirkland Lake Camp
The Kirkland Lake gold camp
has been producing gold for
over 100 years.
Almost 25 Moz’s has been
produced to date, from seven
mines.
Based on grade, it is one of the
richest gold camps in the
world.

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 MRMR
g/t Au Date
Macassa Mine Complex Kirkland Lake Gold Canada (Ontario) (0.56 opt) 19.2 1.5 Moz Dec/2014
Turquoise Ridge Barrick USA (Nevada) 16.9 4.5 Moz Dec/2014
Pogo Gold Sumitomo Corp. USA 12.5 4.9Moz Dec/2013
Gosowong Newcrest Indonesia 12.0 1.2Moz Dec/2014
Moab Khotsong AngloGold Ashanti South Africa 10.0 6.1Moz Dec/2013
Mponeng AngloGold Ashanti South Africa 10.0 14.6Moz Dec/2013
Red Lake Gold Goldcorp Canada 10.0 2.1Moz Dec/2014
TauTona AngloGold Ashanti South Africa 9.1 1.4Moz Dec/2013
Kupol/Dvoinoye Kinross Russia 8.5 2.1Moz Dec/2014
19.2 16.9
12.5 12.0
10.0 10.0 10.0 9.1 8.5
0.0
5.0
10.0
15.0
20.0
25.0
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)

Reserve & Resource Update
(Resources are Exclusive of Reserves)
• Reserves increased to 1.5 Moz’s
(2.6 Million tons @ 0.56 opt)
• Reserves in the SMC increased to 0.9 Moz’s
5.6% Increase
in Reserves
• Reserve grade increased to 0.56 opt or
19.2 g/t
12.0% Increase
in Reserve
Grade
• Inferred resources increased to 1.2 Moz’s
3.9% Increase
in Inferred
Resources
The above reserve and resource estimates have been audited and verified by the Company’s independent reserve and resource
engineer, Glenn R. Clark, P. Eng., of Glenn R. Clark & Associates Limited. The technical contents of this presentation have been
reviewed and approved by the Company’s internal QP, Mr. Stewart Carmichael, Manager of Exploration.
See Appendix for more disclosure on MRMR statement which is as of December 31 ,2014.

Reserves & Resources
(Resources are Exclusive of Reserves)
See Appendix for more disclosure on MRMR statement which is as of December 31 ,2014.
Based on current level of Reserves and 70% conversion of Resources
(@ 200,000 oz p.a), KGI has a 14 year Mine Life
Property Wide
Mineral Reserves
(P&P)
Includes the ‘04 & Main Break
and SMC
1.5 Moz’s
2.6M tons @ 0.56 opt
(19.2 g/t )
Mineral Resources
(M&I)
Includes the ‘04 & Main Break,
SMC, Near Surface and other
2.0 Moz’s
4.2 M tons @ 0.49 opt
(16.8 g/t )
Mineral Resources
(Inferred)
Includes the ‘04 & Main Break,
SMC, Near Surface and other
1.2 Moz’s
2.1 M tons @ 0.56 opt
(19.2 g/t)
SMC
0.9 Moz’s
1.5 M tons @ 0.65 opt
(22.3 g/t )
0.9 Moz’s
1.4 M tons @ 0.66 opt
(22.6 g/t )
0.9 Moz’s
1.4 M tons @ 0.65 opt
(22.3 g/t )
Breakout
of SMC
only

South Mine Complex
• 5400L has reserve grade @ 0.61 opt (20.9 gpt); 5600L has reserve grade @ 0.77 opt (26.4 gpt)
• 5700 L has reserve grade @0.99 opt (33.9 gpt)
• Production from 5400L and 5600L allows delineation drilling of resources, especially below 5600L
• Remains Open at Depth and Across Strike
5025 Level
P+P 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 245,000 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
Original Two
Mining Horizons
Third Level
Started
May 2014
Currently in
Development
for FY 2016
OPEN
#3SHAFT
#2WINZE
5025L
5300L
5400L
6600L
5600L
4750L
Development Legend
Completed
F2015 Development
F2016 Development OPEN
OPEN
5700 to 6600 Level
P+P 252,000 Tons @ 0.99 oz/ton 250,000 Oz’s
M+I 709,000 Tons @ 0.83 oz/ton 593,000 Oz’s

February Production Update
Tons Milled Head Grade Recovery Rate
32,682 0.52 opt or 17.8 g/t 96.8%
Recovered Ounces 16,485
• More efficient transition between mining cycle (ore production to paste fill)
• Better availability of mobile fleet
• Jumbo gaining access to ore headings
• Improvements in maintenance of battery operated equipment
• Better communication and overall improvement in teamwork

Q3 F2015 Production Update
Q1
F2015
38,543
93,880
0.45
Q2
F2015
38,335
92,146
0.41
Q3
F2015
39,722
91,148
0.44
YTD
F2015
116,600
277,174
0.43
Guidance
F2015
153 – 157
Koz’s*
0.37
Ounces
Sold
Tons
Milled
Head Grade
(opt)
• Third stope (5412) brought into production on 5400 level during Q3
• 2 Electric Hydraulic Jumbo’s fully operational
• Main ramp towards the 5600 level progressing well and is on schedule
* Production guidance revised upwards from 140,000 – 155,000 ounces to 153,000 – 157,000 ounces on March 11, 2015

Monthly Production Profile
• Cut-off Grades Raised from 0.18 opt to 0.22 opt.
• Stopped Mining “Incremental Tons”
• Implemented Strict Ore/ Waste Segregation UG
• Increasing UG Delineation Drilling in SMC
• Employing more UG Geologists
• Assay Lab is Manned 24/7
• Restructuring Organization
• Implementing Leadership Training
• Looking to Upgrade MIS
0.34
0.31
0.30
0.26
0.29
0.45
0.39
0.34
0.37
0.34
0.47
0.51
0.39
0.43
0.41
0.47
0.44
0.42
0.52
-
0.10
0.20
0.30
0.40
0.50
0
5,000
10,000
15,000
20,000
Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
Oz Recovered
Head Grade
F2015
F2015 YTD Average 0.44 opt
HeadGrade(OuncesPerTon)
GoldProduction(Ounces)

0.37
0.40
0.37
0.32
0.41
0.37
0.31
0.33
0.37
0.39
0.41
0.00
0.05
0.10
0.15
0.20
0.25
0.30
0.35
0.40
0.45
-
50,000
100,000
150,000
200,000
250,000
07 08 09 10 11 12 13 14 15 16 17
GoldOunces
Oz Recovered Guidance Head Grade Linear (Oz Recovered)
Fiscal Year
Previous Guidance
Annual Production Profile
Expectation Gap
• Guided Grades for F2015-F2017 are Based on Historic Achievements
• Fiscal YTD Actual Head Grade is 0.43 opt
• Production guidance based on 1,150 tpd, 96% mill recovery and the guided grades for each respective year
= 200 employees

Q3
Results
Q3/15 Vs
Q3/14
YTD
Results
F2015 Vs
F2014
COSTS
Cash Cost Per Ton
$328
US$281
-5%
-13%
$340
US$302
0%
-7%
Cash Operating Cost Per
Ounce
$766
US$656
-30%
-36%
$813
US$728
-26%
-32%
All In Cash Costs
$1,249
US$1,070
-35%
-40%
$1,289
US$1,153
-38%
-42%
SALES
Gold Sales 39,722 +18% 116,600 +23%
Average Sales Price $1,371 0% $1,389 0%
Revenues $54.5MM +18% $161.9MM +24%
CASH
FLOW
Cash Flow from Operations $23.7MM +85% $57.3MM +59%
Free Cash Flow $11.6MM NA $22.8MM NA
Q3 & YTD F2015 Financial Highlights
- All US$ equivalents are converted at the average CAD to USD exchange rate during the reporting period.
- See Pg. 23 for fiscal 2015 guidance on certain financial metrics provided above and Pg.24 in the appendix for further financial results.

0.26
0.29 0.45
0.39
0.34
0.37
0.34
0.47 0.51
0.39
0.43
0.41 0.47
0.44
0.42
-
0.10
0.20
0.30
0.40
0.50
0.60
$-
$500
$1,000
$1,500
$2,000
$2,500
$3,000
NOV DEC JAN FEB MAR APR MAY
2014
JUN JUL AUG SEP OCT NOV DEC JAN
AICC per ounce Produced - 15 month trend
Production Capital Development PP&E Corporate Exploration Royalties Head Grade
AICC Achieved Over Past 15 Months
All amounts stated are in Canadian dollars
• 16% Reduction in Labour Force and Cancelled Incentive Programs (e.g. home loan assistance and travel)
• Major Capital Projects (PP&E) Completed in January 2014
CostinC$perOunceProduced
F2014 F2015

$1,073 $1,119
$836
$1,244
$720
$614
$947 $924
$809
$684
$931
$728
$1,250
$-
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
$2,000
$2,200
FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN Q4E
Production Capital Development PP&E Corporate Exploration Royalties
AICC Projection for F2015
• Projection Based on Assumptions of 1,150 tpd, 0.37 opt and 96% Mill Recovery
• KGI now has three consecutive quarters of Free Cash Flow generation
• AICC excludes any mining and income tax (of which the Company only pays a nominal amount in mining taxes)
F2015
CostinC$perOunceProduced
F2015_YTD Average Sales Price C$1,389
F2015_YTD AICC C$1,289

Capital Expenditures
• Project Capital was Completed in January 2014
• C$9M in Capital Development of 5400L and SMC Main Decline to 5600L Spent in FY15
• F2015 Capex reduced by $5MM to $53MM after Q2, and down to $43MM after Q3
0
10
20
30
40
50
60
70
80
90
100
2010 2011 2012 2013 2014 2015E 2016E 2017E
C$Millions
Mineral Properties PP&E
ESTIMATED
9.7
22.4 30.9 45.8 46.9 55.0 43.0 51.0 51.0
28.9
24.5 44.0
29.6
6.8
7.0 7.0

Exploration Potential In A Historic Camp
KGI owns five former
producing high grade
mines
Historical production
of ~22 Moz’s of gold
Average head grade
of 0.44 opt or 15.1 g/t
Currently mining and
exploring on one of
these five targets.
Current Underground and
Surface Drilling Targets

SMC Underground Drilling
UG DRILLING
• SMC continues to be expanded
• Multi-ounce intersections
• 3 drills turning underground
• Open in multiple directions
53-2493 (NSZ)
1.85 opt/ 11.6 feet
(63.43 gpt/ 3.5 metres)
53-2597 (NSZ)
0.36 opt/14.7 feet
(12.34 gpt/ 4.5 metres)
53-2595 (NFZ)
3.55 opt/ 11.4 feet
(121.72 gpt/ 3.5 metres)

‘04 Break Underground Drilling
Selected Highlights
DH 34-666
2.53 opt/ 2.4 feet
(86.75 g/t over
0.7 metres)
DH 34-668
0.80 opt/ 4.4 feet
(27.43 g/t over
1.3 metres)
See press release dated February 23, 2015

Near Surface Exploration Target
• Near surface mineralization is within 2 Km’s of mill
• Mill has excess capacity of +/- 1,000 tpd
• Mineralization from 100’ to 1,000’ below surface
• Open across strike
• M&I 3300,000 tons @0.34opt (11.7gpt) 112,000 oz
• Infer. 100,000 tons @0.42opt (14.4gpt) 42,000 oz

Outlook for F2015
Guidance Metric
YTD 2015
Actual
Revised
Guidance
$800 – 850/ Oz Cash Operating Cost Per Ounce
$813
US$723
No Change
$1,250 - 1,350/ Oz AICC Per Ounce Produced
$1,289
US$1,144
No Change
$53 million* Sustaining CAPEX $36 million $50 million
$200 million Revenue $162 million $218 - $222 million
$50 - 60 million Cash Flow from Operations $57 million $70 - $75 million
$15 - 20 million Free Cash Flow Generation $22 million $30 - $35 million
* Capital was revised from $58 million to $53 million on October 31, 2014, and revised to $50 million on January 31, 2015

APPENDIX
Notes, additional disclosure and other information

Analyst Coverage
Firm Analyst
Dundee Securities Joe Fazzini
CIBC World Markets Cosmos Chiu
Macquarie Capital Markets Michael Siperco
National Bank Financial Raj Ray
BMO Capital Markets Brian Quast
Clarus Securities Jamie Spratt
PI Financial Philip Ker
Firm Analyst
M Partners Derek Macpherson
Pareto Securities John McClintock
Mirabaud Securities Richard Morgan
Panmure Gordon & Co Alison Turner
Investec Bank Hunter Hillcoat
Very Independent Research John Tumazos
KIRKLAND LAKE GOLD IS FOLLOWED BY THE ANALYSTS LISTED ABOVE. THIS LIST IS PROVIDED FOR INFORMATION PURPOSES ONLY AND IS
SUBJECT TO CHANGE AS COVERAGE IS ADDED OR DROPPED BY A FIRM.
OPINIONS, ESTIMATES OR FORECASTS REGARDING KIRKLAND LAKE GOLD'S PERFORMANCE THAT ARE MADE BY THESE ANALYSTS ARE THEIRS
ALONE AND DO NOT REPRESENT THE OPINIONS, ESTIMATES OR FORECASTS OF KIRKLAND LAKE GOLD OR ITS MANAGEMENT.
KIRKLAND LAKE GOLD DOES NOT IMPLY ITS ENDORSEMENT OF, OR CONCURRENCE WITH, SUCH INFORMATION, CONCLUSIONS OR
RECOMMENDATIONS AND TAKES NO RESPONSIBILITY FOR MONITORING, SUPPLEMENTING OR CORRECTING ANY INFORMATION OR FORECASTS
PROVIDED BY THE ANALYSTS.

F2014 & Q3 F2015 Financial Results
Financial
FY2015
YTD
FY2014
YTD
Y/Y
Change
Q3/15 Q2/15 Q3/14
Q3/15
vs.
Q2/15
Q3/15
vs.
Q3/14
Gold Sales
(ounces)
116,600 94,502 +23% 39,722 38,335 33,719 +4% +18%
Average Price Sold
(per ounce)
$1,389
US$1,243
$1,385
US$1,348
0%
- 6%
$1,371
US$1,175
$1,395
US$1,262
$1,369
US$1,280
-2%
-7%
0%
-8%
Revenue (000’s) 161,953 84,737 +24% 54,471 53,479 46,165 +2% +18%
Cash Operating
Cost per Ton
Produced
$340
US$302
$340
US$324
0%
-7%
$328
US$281
$350
US$317
$347
US$324
-6%
-11%
-5%
-13%
Cash Operating
Cost per Ounce
Produced
$813
US$723
$1,109
US$1,073
-26%
-32%
$766
US$656
$889
US$804
$1,094
US$1,023
-14%
-18%
-30%
-36%
All-in Cash Cost
(“AICC”) per Ounce
Produced
$1,289
US$1,144
$2,102
US$2,033
-38%
-42%
$1,249
US$1,070
$1,374
US$1,243
$1,923
US$1,797
-9%
-14%
-35%
-40%
All amounts stated are in Canadian dollars unless otherwise stated
- All US$ equivalents are converted at the average CAD to USD exchange rate during the reporting period.
- See Pg. 23 for fiscal 2015 guidance on certain financial metrics provided above

C$35MM Bought Deal Offering
Shares Issued
Price
Gross Proceeds
C$30MM Offering 6,900,000 $4.35 $30MM
Over-allotment* 1,035,000 $4.35 $ 5MM
Total 7,935,000 $4.35 $35MM
Notes:
- Over-allotment was exercised in full upon closing
- Proceeds will be used to strengthen the balance sheet and for general
corporate purposes.

Expansion Capital
• Hoisting system capable of hoisting 3,600 tpd
• Mary-Anne Compartment installed in Shaft providing service cage
• Mill upgraded to handle 2,200 tpd
• Underground infrastructure and battery equipment in place for SMC

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)

QP Info and Notes to Reserves & Resources
The reserve and resource estimates have been audited and verified, and the technical disclosure in thie 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 will be filed on SEDAR (www.sedar.com) within 45 days of this press release.
See ‘Notes for Reserves and Resources’ below for key assumptions, parameters and methods used to estimate the foregoing reserves and
resources.
Notes for Reserves and Resources:
The reserves and resources have been classified according to the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards on
Mineral Resources and Reserves: Definition and Guidelines (December 2005).
1. The reserves and resources are estimated using the polygonal method.
2. Resources do not include reserves.
3. All intersections are calculated to a 6.0 foot minimum horizontal mining width for structures dipping at greater than 45 degrees. The minimum
mining height for structures dipping less than 45 degrees is 9.0 feet.
4. Dilution is added to reserves at varying rates depending on the mining method, and the width of the ore. The average dilution of the reserves at
December 31, 2014, is 27% at 0.02 opt, marginally up from an average of 24.0% the previous year. Long-hole stopes are diluted by anywhere
between 50-100% (mostly 50%). Cut and fill stopes are diluted by anywhere between 10-50%.
5. All higher grades are cut to 3.50 opt. Based on a statistical analysis completed by Scott Wilson Roscoe Postle Associates Inc. in 2007, the
Company has implemented various higher grade cutting factors for four zones in the South Mine Complex. These four zones are the New South
Zone (7.20 opt), Lower D North (9.30 opt), Lower D North Footwall (4.80 opt), and the #7 and #7 HW Zones (6.40 opt). Cut-off grades of 0.22 opt
and 0.18 opt are used for reserve and resource calculations respectively, depending on the location, and economics of the block. Generally, a cut-
off of 0.22 opt is required on a whole-block basis to achieve profitability and reserve classification. It is possible to have sub-blocks within an ore
reserve block that assay less than any cut-off which have been incorporated for mining or geotechnical reasons. Ore blocks that grade between
0.18 opt and the cut-off of 0.22 opt have been classified as resource. The cut-off grade for near-surface resources (surface to -1,000 foot
elevation) is 0.12 opt. An internal report completed by Roscoe Postle and Associates in October 2014, suggest that the cutting factor for
mineralization on the Amalgamated Trend be set at 2.50 opt. This grade capping was implemented by the Company and incorporated in the
estimates for 2014.
6. The area of influence of the proven and measured categories are 30 feet from development chip samples, probable and indicated categories are
50 feet of radius from a known sample point (drill holes) and inferred is another 50 feet of influence (between 50 – 100 feet).
7. A 94.2% tonnage recovery is used. Continuity of the veins appears very good.
8. The assumptions used include CAD$1,350.00 (US$1,200) per ounce of gold.
9. The Company is not aware of any environmental, permitting, legal, title, taxation, socio-political, marketing or other issue that may materially affect
its estimate of mineral resources.
10. Mineral resources which are not mineral reserves do not have demonstrated economic viability.

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

Kirkland Lake Gold - European Marketing - April 2015

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Viewers also liked

Viewers also liked (20)

Similar to Kirkland Lake Gold - European Marketing - April 2015

Similar to Kirkland Lake Gold - European Marketing - April 2015 (20)

More from kirklandlakegoldinc

More from kirklandlakegoldinc (20)

Kirkland Lake Gold - European Marketing - April 2015