Kirkland lake gold investor presentation jan 2017

1. January 2017
TONY MAKUCH
President & Chief Executive Officer
KLGOLD.COM
TSX: KL
TIER ONE GOLD PRODUCTION | DISTRICT SCALE UPSIDE | VALUATION UPSIDE
1

2. KLGOLD.COM
TSX:KLCAUTIONARY LANGUAGE
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 Ltd. (“Kirkland Lake Gold”) with respect to future business activities and operating and financial 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) expectations for the ability of the combined company to successfully achieve business objectives, including integrating the
companies or the effects of unexpected costs, liabilities or delays, (iii) the potential benefits and synergies of the combined company, (iv) future production, cash costs, free cash flows,
and operations, and (v) expectations for other economic, business, and/or competitive factors.
Investors are cautioned that forward-looking information is not based on historical facts but instead reflect 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 their respective operations and employees and realize synergies and cost savings at the times, and to
the extent, anticipated; the potential impact on exploration activities; the potential impact of the announcement or consummation of the transaction on relationships, including with regulatory bodies,
employees, suppliers, customers and competitors; the re-rating potential of the combined company; changes in general economic, business and political conditions, including changes in the financial
markets; changes in applicable laws; compliance with extensive government regulation; and the diversion of management time on the integration of the two companies. This forward-looking information
may be affected by risks and uncertainties in the business of Kirkland Lake Gold market conditions. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in
filings made by Kirkland Lake Gold Inc. (“KLG”) and Newmarket Gold Inc. (“Newmarket”), with the Canadian securities regulators, including KLG’s and Newmarket’s respective annual information forms,
financial statements and related MD&A for the financial year ended December 31, 2015 and their interim financial reports and related MD&A for the period ended September 30, 2016 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 and Newmarket have 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.
Use of Non-GAAP Measures
This Presentation refers to average realized price, operating costs, all-in sustaining costs per ounce of gold sold, free cash flow and cash costs of production
because certain readers may use this information to assess the Company’s performance and also to determine the Company’s ability to generate cash flow. This
data is furnished to provide additional information and are non-GAAP measures and do not have any standardized meaning prescribed by International Financial
Reporting Standards (“IFRS”). These measures should not be considered in isolation as a substitute for measures of performance prepared in accordance with IFRS
and are not necessarily indicative of operating costs presented under IFRS. Refer to each Company’s most recent MD&A for a reconciliation of these measures.

3. KLGOLD.COM
TSX:KLWHY INVEST IN KIRKLAND LAKE GOLD
Strong Value Creation Opportunity
1.. Source: Company filings, FactSet and available equity research at Jan 3, 2017. Production and Cash Flow are broker consensus. Averages exclude Kirkland Lake. 2.Cash position as at December 31, 2016, Refer to Slide 2 “Forward Looking Information”. 3. Consolidated high end of 2017
production guidance for Macassa, Fosterville and Taylor. 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.
Valuation Upside
Currently Kirkland’s Enterprise Value (‘EV’) to /2017E production
US$1,961 vs. peer avg of US$3,9501
Price to 2017E cash flow 2.5x peer avg 7.3x1
Solid Gold Production
2017E1 gold production of 500,000-525,000 ozs from five producing
underground gold mines in Canada and Australia.
Cornerstone assets 2017E production of 390,000oz3 from
Macassa, Fosterville & Taylor mines
Strong Balance Sheet, Low
Cost production
Cash Position US$234 million (net cash US$146 million).
Operating costs <US$625-$675/oz & AISC <US$950-US1,000/oz
District Scale Exploration
Significant discovery and expansion potential within established
gold camps in Canada and Australia with >20 drill rigs in operation
US$45 - $55, 2017 growth exploration budget
1
3

4. KLGOLD.COM
TSX:KLSIGNIFICANT VALUE PROPOSTION
Price / 2017E Cash Flow1Market Capitalization (C$Bn)1
$3.4
$2.7
$2.5
$2.5
$2.2
$1.7
$1.5
$1.4
$1.3
$1.2
$0.6
Detour
New Gold
OceanaGold
Alamos
Northern Star
Torex
Kirkland Lake
Regis
Guyana
Klondex
Richmont
Peer Avg. C$1.9B
EV / 2017E Production (US$/oz)1
$4,827
$4,605
$4,598
$4,405
$4,369
$4,010
$3,883
$3,324
$3,174
$2,291
$1,961
Detour
Guyana
Alamos
New Gold
Torex
Klondex
Richmont
OceanaGold
Regis
Northern Star
Kirkland Lake
Peer Avg. US$3,950/oz
10.5x
9.5x
8.4x
8.3x
7.1x
6.8x
6.2x
6.1x
5.1x
4.9x
2.5x
Alamos
Detour
Guyana
Richmont
Torex
Regis
New Gold
Klondex
Northern Star
OceanaGold
Kirkland Lake
Peer Avg. 7.3x
1 Source: Company filings, FactSet and available equity research at Jan 3, 2017. Production and Cash Flow are broker consensus. Averages exclude Kirkland Lake
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5. KLGOLD.COM
TSX:KL
$17.52
$14.15
$10.77
$7.27
@ $5,000/oz@ $4,000/oz@ $3,000/ozCurrent Price
EV / 2017E Production
+48%
P / 2017E Cash Flow per Share
Implied Premium
to Current
+95% +141%
US$1,961/oz
2017 Production
$20.36
$17.45
$14.54
$11.63
$7.27
@ 7.0x@ 6.0x@ 5.0x@ 4.0xCurrent Price
+60%Implied Premium
to Current
+100% +140% +180%
2.5x CFPS 2017E
Current Price:
Current Price:
Production and Cash Flow are broker consensus.
5
SIGNIFICANT VALUE PROPOSTION

6. KLGOLD.COM
TSX:KLTIER ONE CANADIAN OPERATIONS 2017E
CANADA
Macassa Gold Mine
Holt Gold Mine
Macassa Gold Mine
Macassa Mill 2,000 tpd
District Scale Opportunity +40km2 Land
2017E Production Guidance Macassa Mine (oz) 180,000 – 185,000
Holt | Taylor Gold Mines
Holt Mill 3,000 tpd
District Scale Opportunity (Porcupine Destor Fault Zone)(PDFZ) 120km Strike along PDFZ
2017E Production Guidance Holt Mine (oz) 65,000 – 70,000
2017E Production Guidance Taylor Mine (oz) 55,000 – 60,000
Consolidated Cost Guidance
Consolidated operating cash costs US$625 – US$675 per oz1
Consolidated All-in Sustaining Costs US$950-US$1,000 per oz1
Taylor Gold Mine
1. Refer to slide 2 forward looking and Non IFRS Disclosure, operating 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.
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7. KLGOLD.COM
TSX:KLTIER ONE AUSTRALIAN OPERATIONS 2017E
Cosmo Gold Mine/
Union Reefs
Fosterville Gold Mine
AUSTRALIA
Fosterville Gold Mine
Fosterville Mill 2,400 tpd
District Scale Opportunity +500km2 Land
2017E Production Fosterville Mine (oz) 140,000 – 145,000
Cosmo Gold Mine
Union Reefs Mill 5,000 tpd
2017E Production Cosmo Mine 60,000 – 65,000
Consolidated Costs
Consolidated operating cash costs US$625 – US$675 per oz1
Consolidated All-in Sustaining Costs US$950-US$1,000 per oz1
1. Refer to slide 2 forward looking and Non IFRS Disclosure, ooerating 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.
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8. KLGOLD.COM
TSX:KL
8
10,677
35,634
63,255
127,860
0
50,000
100,000
150,000
200,000
Q4 2015 Q4 2016 FY 2015 FY 2016
Holt Mine Complex Production (oz)
37,979
52,318
102,597
175,167
0
50,000
100,000
150,000
200,000
Q4 2015 Q4 2016 SY 2015 FY 2016
Macassa Gold Production (oz)
Canadian operations
exceeded high end of
production guidance
2016
GOLD PRODUCTION CANADIAN OPERATIONS1
ounces
ounces
ounces
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).
CONSOLIDATED GOLD PRODUCTION EXCEEDS GUIDANCE
2016 Production
guidance of 270,000
– 290,000
210,330
295,838
100,000
150,000
200,000
250,000
300,000
350,000
FY 2015A FY 2016A
Consolidated Gold Production (oz)

9. KLGOLD.COM
TSX:KL
9
10,677 13,307
63,255 55,765
0
50,000
100,000
150,000
200,000
Q4 2015 Q4 2016 FY 2015 FY 2016
Cosmo Gold Production (oz)
36,967 44,406
123,095
151,755
0
50,000
100,000
150,000
200,000
Q4 2015 Q4 2016 FY 2015 FY 2016
Fosterville Gold Production (oz)
8,150 6,971
36,321 32,204
0
50,000
100,000
150,000
200,000
Q4 2015 Q4 2016 FY 2015 FY 2016
Stawell Gold Production (oz)
222,671
239,724
100,000
150,000
200,000
250,000
FY 2015 FY 2016A
Consolidated Gold Production (oz)
Australian
operations exceeded
high end of
production guidance
GOLD PRODUCTION AUSTRALIAN OPERATIONS1
ounces
ounces
ounces
ounces
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).
CONSOLIDATED GOLD PRODUCTION EXCEEDS GUIDANCE
2016 Production
guidance of 225,000
– 235,000

10. KLGOLD.COM
TSX:KLHIGH GRADE LOW COST CORNERSTONE ASSETS
 Top end of 2017E production of 390,0001 ounces
approximately 74% from (Macassa, Fosterville, Taylor)
 Excellent growth potential with 15-50% excess milling capacity
at each mill
Macassa Mine
Complex
Fosterville Mine Taylor
Mine
Consolidated
Proven and Probable Reserve Grades (g/t Au) 19.2 7.0 6.3 13.7
2016 FY Production (oz) 175,167 151,755 42,639 > 369,000
Cash Costs (US$/Oz Sold) Q3 YTD/16A1 US$568 US$461 US$433 < US$600
AISC (US$/Oz Sold) Q3 YTD/16A1 US$935 US$743 US$670 < US$825
CORNERSTONE ASSETS
LOW COST OUNCES  <US$600Cash Costs and <US$825 AISC2 (YTD 2016A)
DISTRICT SCALE GROWTH
 Fosterville exploration lease +500km2
 Macassa exploration lease +40km2
 Porcupine Destor Fault (Taylor, Holloway, Holt) 120km strike extent
Source: Company Guidance, respective NI 43-101 reports (see appendix), and YTD/2016 results Refer to appendix for “NI 43-101 Disclosure”. Refer to slide 2 “Cautionary Language” use of Non-GAAP measures..
1. Kirkland Lake Gold guidance provided Jan 09, 2017, refers to high end range of guidance 2. Pro Forma 2016 YTD Operating Cash Costs and All-in Sustaining Costs as at September 30, 2016 YTD
10

11. KLGOLD.COM
TSX:KLSTRONG BALANCE SHEET AND LEADERSHIP
Insider Ownership – Aligned with Shareholders
~10%
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
Maryse Belanger Independent
Jonathan Gill Independent
Arnold Klassen Independent
CAPITAL STRUCTURE 1,2
ISSUED & OUTSTANDING 203 million
CASH
(December 31, 2016)
US$234 million
DEBT C$119 million
(Convertible debentures)
KGI.DB: 6% C$15.00 conversion price C$56.9MM mature
June 2017
KGI.DB.A: 7.5% C$13.70 conversion price C$62.1MM mature
Dec 2017
NET CASH
(December 31, 2016)
US$146 million
Market Capitalization (Jan 3,
2017)
C$1.5 Billion
Average Daily Volume
(December 6-21, 2016)
2.2 million
1 Preliminary Cash position is as at December 31, 2016 2 Non-GAAP measures, refer to slide 2 “Cautionary Language” 11
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

12. KLGOLD.COM
TSX:KLLOW COST, HIGH MARGIN GOLD PRODUCTION
Financial Results1 (Nine months ended September 30,2016) Pro forma Results
Free Cash Flow (C$)2 $138 million
Revenue (C$) $645 million
Net Income (C$) $91 million
Operating Costs (US$/oz sold)2 US$646/oz
AISC (US$/oz sold)2 US$954/oz
2017 Pro forma Guidance
2017 Gold Production 500,000 – 525,000 ounces
Operating Costs per Ounce*(2) US$625 - $675
AISC per Ounce(2) US$950 - $1,000
Tracking Below
Guidance
1 2016 gold production and financial results pro forma to include results from Newmarket Gold Australia operations 2. Average realized price per ounces of gold sold, operating costs and all-in sustaining costs per ounce
of gold sold are non-GAAP measures. See slide 2, “Cautionary Language”, for an explanation of the use of these non-GAAP measures.* CAD to USD exchange rate based on average YTD rate of 1.32
* See respective MD&A and Financial Statements for Q3/16 for additional disclosure. 12

13. KLGOLD.COM
TSX:KLCORNERSTONE HIGH GRADE MACASSA MINE
27,604
41,054 38,929
42,866
52,318
Q3 SY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016
Gold Production (oz)
MINERAL RESOURCE & RESERVES
 Proven and Probable Mineral Reserves 1.46
million ounces of gold grading 19.3g/t gold. (Dec
31. 2014)1
 Measured and Indicated Mineral Resources are
exclusive of Mineral Reserves contain 2.0 million
ounces grading 16.8 g/t gold
 Extensive Surface and Underground Drilling
underway
14.4
15.3
12.2
13.7
16.3
SY 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016
Grade (g/t) Gold
2
1. refer to appendix for NI 43-101 Disclosure 2. Q3 2015 only represents 2 months ending stub year 2016 3. SY refers to Stub Year 2015 referencing April 30, 2015 to December 31 2015 8 months
3
13
$970 $1,003 $959
$612 $644
$546
SY 2015 Q2 2016 Q3 2016
Production Costs US$/oz
AISC OCC

14. KLGOLD.COM
TSX:KLKIRKLAND LAKE GOLD DISTRICT
• 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
• 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/t
• Currently only mining and
exploration on one of these past
producers
14

15. KLGOLD.COM
TSX:KLSOUTH MINE COMPLEX
Refer to 2015, 2015 MD&A detailed mined grade disclosure to actual mined grades
15
5000 – 5100 level average mined grade
(13g/t gold – 15g/t gold)
5200 – 5300 level average mined grade
(14g/t gold – 16g/t gold)
5300 – 5400 level average mined grade
(14g/t gold – 21g/t gold)
Grade trend continues
to increase with depth
Proposed development
SMC zone remain open down
plunge and along strike, drilling underway

16. KLGOLD.COM
TSX:KLREGIONAL EXPLORATION ACROSS A PROLIFIC TREND
See KLG press releases dated January 19, 2016 and November 7, 2016 filed on the sedar profile of KLG 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
• UPDATED LONG SECTION COMING
16

17. KLGOLD.COM
TSX:KLCORNERSTONE LOW COST FOSTERVILLE MINE
2015 MINERAL RESOURCE & RESERVES
 Proven and Probable underground Mineral Reserves
increased 34% to 244,000 ounces of gold. (Dec 31. 2015)1
 Mineral Reserve grade increased 25% grading 6.95 g/t
gold (Dec 31. 2015)
 Fosterville’s current mining front comprising the Phoenix and
Lower Phoenix gold systems, and associated structures, host
Measured and Indicated Mineral Resources containing
673,000 ounces grading 8.33 g/t and Inferred Mineral
Resource of 101,000 ounces grading 9.49 g/t gold
$837
$723 $741 $765
$516
$473 $440 $471
2015A Q1 2016 Q2 2016 Q3 2016
Production Costs US$/oz
AISC OCC
31,519
33,138
37,245 36,967
44,406
Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016
Gold Production (oz)
6.33
7.34
7.50
6.91
8.48
Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016
Gold Grade (g/t)
1. Refer to appendix for NI 43-101 Disclosure 17

18. KLGOLD.COM
TSX:KLFOSTERVILLE MINE DRILLING SUCCESS
Harrier Drill Drive
12.5 g/t Au over 2.4m
12.75 g/t Au over 4.5m
Lower Phoenix
Drill Targets
SOUTH
Mineral Resources, Reserves and mining as at December 31, 2015
Harrier Decline
Harrier
• 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
4.4 g/t Au over 6.1m
6.5 g/t Au over 25m
9.3 g/t Au over 3.3m
6,000mN
9.2 g/t Au
over 11.8m
7.3 g/t Au
over 13.9m
8050mN
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
645 g/t Au
over 3.4m
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)
All intercepts presented are estimated true width
18

19. KLGOLD.COM
TSX:KLFOSTERVILLE OPPORTUNITY
Lower Phoenix
Phoenix
Mineral Resources, Reserves and MINING as at December 31, 2015
Harrier Decline
Harrier
6,000mN
Harrier Drill Drive
1km step-out drilling
H2/2016 drill results
5,450mN
 Current Mining Front, UG Reserve 244,000 ounces at 6.95g/t Au with Measured and Indicated resources of 673,000 ounces at 8.33 g/t Au
and Inferred Resources of 101,000 ounces at 9.49 g/t Au as of Dec 20152
 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 kilometres of potential gold bearing structures on the 500km2 Fosterville
property highlighting the exceptional potential of this district
= Visible gold elevation
depth, increasing with
depth
Current Mining Front
8050mN
1. Refer to slide 2 forward looking “Cautionary Language’ 2. Refer to Slide 39-43 “NI 43-101 Disclosure
BLOCK A
BLOCK C
BLOCK D
BLOCK B
19

20. KLGOLD.COM
TSX:KLTAYLOR GOLD MINE UPSIDE POTENTIAL
7,347
11,408 11,630
10,048
Q1 2016 Q2 2016 Q3 2016 Q4 2016
Gold Production (oz)
All production prior to January 26,2016 (Q1, 2016) not attributable to KL
Gold as acquisition of St Andrew did not close until this date.
7.6
6.0
7.1
6.7
Q1 2016 Q2 2016 Q3 2016 Q4 2016
Gold Grade (g/t)
MINERAL RESERVES & RESOURCES
 Proven and Probable Mineral Reserves 156,000 ounces of
gold, grading 6.3 g/t (Dec 31. 2014)1
 Measured and Indicated Resources 302,000 ounces of gold
grading 4.5 g/t
 Kirkland Lake Gold’s newest mine, first full year
production
 Significant exploration potential along the Porcupine
Destor Fault Zone
$732
$670
$379
$433
Q3 2016 Q3 YTD
Production Costs US$/oz
AISC OCC
1. Refer to appendix for NI 43-101 Disclosure 20

21. KLGOLD.COM
TSX:KLTaylor Gold Mine Upside Potential
150m
Bourgois
Claim
Shoot
Zone
1004
Lens
1006-1
Lens
1008-1
Lens
1008-2
Lens
100m
250m
350m
1006-2
Lens
500m
View Looking North
OPEN
Underexplored
Area
surface
7.6
g/t
6.0
g/t
7.1
g/t
1.5km1.5km
 Multi-rig diamond drilling
underway
 Follow up drilling around
historical drill hole of 11g/t
gold over 7 metres
 Extensive under explored
land package along
Porcupine Destor Fault Zone
(PDFZ)
21

22. KLGOLD.COM
TSX:KLTAYLOR, HOLT, HOLLOWAY OPPORTUNITY
Holt, Holloway, Taylor HOLT MINE COMPLEX (Producing Assets) 2017 DRILLING TARGETS
Ludgate, Aquarius, Hislop Exploration Targets with existing resources Taylor, Holt, Holloway actively drilling
Garrison Creek Exploration Target
120km strike of contiguous land straddling the Porcupine-Destor Fault Zone
120km
22

23. KLGOLD.COM
TSX:KLPEER GROUP ANALYSIS
2016 YTD Production, Cost, and Free Cash Flow versus Peers (as at September 30, 2016)
Market Capitalization C$M $1,533 $3,392 $4,151 $3,417 $2,689 $1,746
Enterprise Value C$M $1,394 $3,690 $4,012 $3,860 $2,682 $2,151
Jan 1 - Sep 30, 2016 (Q1 - Q3)
Production koz AuEq 393 394 517 410 286 199
Cash Cost US$/oz $646 $705 $503 $495 $780 $545
AISC US$/oz $953 $960 $741 $765 $1,002 $727
Operating Cash Flow C$M $238 $229 $345 $281 $131 $139
Free Cash Flow C$M $138 $139 $175 ($75) ($12) ($16)
Annualized FCF Yield % 12.0% 5.5% 5.6% (2.9%) (0.9%) (1.2%)
Annualized Multiples
P / 2016 OCF ratio 4.8x 11.1x 9.0x 9.1x 10.3x 9.4x
EV / 2016 Production US$/oz $2,662 $7,020 $5,816 $7,065 $7,025 $8,107
Note: As at Jan 3, 2017, based on Companies’ Q3 Reporting OCF and FCF are shown prior to changes in net working capital, debt repayment and dividends
CLEAR VALUATION OPPORTUNITY WITH TIER ONE, LOW COST PRODUCTION
23

24. KLGOLD.COM
TSX:KLKIRKLAND LAKE GOLD VALUE OPPORTUNITY
1..Refer to Slide 2 “Forward Looking Information” Source: Company filings, FactSet and available equity research at Jan 3, 2017. Production and Cash Flow are broker consensus. Averages exclude Kirkland Lake 2. as at December 31,
2016 3. referring to fy high end of production guidance
Q1
Full Year Pro
forma Production
Results
Q1 – Q4
Extensive
Exploration
news flow
Q1
Resource and
Reserve Update
Organic Growth
Opportunities
SIGNIFICANT CATALYSTS AHEAD FOR 2017
Attractive Valuation
Opportunity
EV/2017E production US$1,961 vs. peer avg of US$3,9501
Price/2017 cash flow 2.5x peer avg 7.3x1
Solid Gold Production
2017E1 gold production of 500,000 – 525,000 ozs with significant
discovery and expansion potential within established gold camps in
Canada and Australia, >20 drill rigs in operation
Strong Balance Sheet, Low
Cost production
Cash Position US$234 (C$315 million2) Macassa, Fosterville &
Taylor mines 2017E production 390,000oz3
Cash costs of <US$600/oz and AISC <US$825/oz (YTD as at September 30,
2016)
24

25. APPENDIX
Notes, additional disclosure and other
information
KLGOLD.COM
TSX: KL
January 2017

26. KLGOLD.COM
TSX:KL
FY 2016 Production (ozs) Q4/15 Q4/16 FY/2015 FY/2016
MACASSA GOLD MINE 37,979 52,318 102,597 175,167
HOLT MINE COMPLEX 10,677 35,634 127,860
CONSOLIDATED PRODUCTION1 75,134 87,952 210,330 303,027
2016 FY GUIDANCE 270k-290k
Q3/16 Canadian Operating Results Tonnes Milled Grade (g/t Au) Recovery (%) Production (ozs)
MACASSA MINE COMPLEX1 100,357 13.7 96.9 42,866
HOLT MINE 101,283 4.8 95.1 14,950
HOLLOWAY MINE 53,780 5.1 88.4 7,829
TAYLOR MINE 52,466 7.1 97.1 11,630
CONSOLIDATED PRODUCTION 77,274
Q4/16 Canadian Operating Results Tonnes Milled Grade (g/t Au) Recovery (%) Production (ozs)
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 OPERATIONS1
- BEAT 2016 GUIDANCE
26
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).

27. KLGOLD.COM
TSX:KLAUSTRALIAN OPERATIONS1
- BEAT G2016 GUIDANCE
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 172,049 1.49 84.5 6,971
CONSOLIDATED PRODUCTION 64,684
FY 2016 Production (ozs) Q4/15 Q4/16 FY/2015 FY/2016
FOSTERVILLE GOLD MINE 36,967 44,406 123,095 151,755
COSMO GOLD MINE 10,677 13,307 63,255 55,765
STAWELL GOLD MINE 8,150 6,971 36,321 32,204
CONSOLIDATED PRODUCTION 55,794 64,684 222,671 239,724
2016 FY GUIDANCE2 225k-235k
Q3/16 Australian Operating Results Tonnes Milled Grade (g/t Au) Recovery (%) Production (ozs)
FOSTERVILLE GOLD MINE 185,071 6.9 89.1 36,967
COSMO GOLD MINE 138,801 2.5 95.3 10,677
STAWELL GOLD MINE 218,702 1.5 80.1 8,150
CONSOLIDATED PRODUCTION 55,794
27
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).

28. KLGOLD.COM
TSX:KLPRO FORMA KIRKLAND LAKE CANADIAN OPERATIONS YTD 2016
Consolidated 2016 Results Table
Q3/162 YTD 2016
Gold Sales (Ounces) 76,339 217,792
Average Realized Price (US$/oz)1
US$1,321 US$1,249
Based on Revenues of (C$ millions) $131.5 $359.5
Operating Costs (US$/oz sold)1
US$540 US$591
Based on Operating Costs (C$ millions) $53.7 $174.4
AISC (US$/oz sold)1
US$970 US$940
1 Average realized price per ounces of gold sold, operating costs and all-in sustaining costs per ounce of gold sold are non-GAAP measures. See slide 2, “Cautionary Language”, for an
explanation of the use of these non-GAAP measures. FX USD/CAD Average for Q3/2016 was 1:1.3050
YTD 2016 Financial Information
Free Cash Flow* C$87.5 M
Net Income US$51.0 M
28

29. KLGOLD.COM
TSX:KLPRO FORMA KIRKLAND LAKE AUSTRALIAN OPERATIONS YTD 2016
Consolidated 2016 Results Table
Q3/162 YTD 2016
Gold Sales (Ounces) 54,053 175,041
Average Realized Price (US$/oz)1
US$1,329 US$1,240
Based on Revenues of (US$ millions) $71.9 $216.0
Operating Costs (US$/oz sold)1
US$777 US$714
Based on Operating Costs (US$ millions) $49.8 $148.3
AISC (US$/oz sold)1
US$1,076 US$971
YTD 2016 Financial Information
Free Cash Flow* US$38.2 M
Net Income US$30.2 M
1 Average realized price per ounces of gold sold, operating costs and all-in sustaining costs per ounce of gold sold are non-GAAP measures. See slide 2, “Cautionary Language”, for an
explanation of the use of these non-GAAP measures.
29

30. KLGOLD.COM
TSX:KLDIVERSE ASSET PORTFOLIO
Strong Pipeline of Growth Projects
Significant Exploration Potential
• Macassa: Cornerstone, high-grade operation (average reserve grade of 19.2 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-Holloway: Sustainable and profitable production
• Cosmo: New near mine discoveries support improved operations
• Stawell: 30 years of continuous production with near mine exploration discovery
• 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 Zone: 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”.
30

31. KLGOLD.COM
TSX:KLMACASSA MINE COMPLEX OVERVIEW
0
50000
100000
150000
200000
CY2015 YTD2016
Gold Production (oz)
Prior to 2016 the Company’s year end was May 1 to April 30
F2014A F2015A YTD2016A
Cash Costs
(US$/oz)
$812 $625 $568
AISC (US$/oz) $1,141 $803 $935
• 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. 2. as at September 30, 2016
1
Reserves & Resources (Dec. 31, 2014)
Mid-point of
F2016 Guidance
#3 Shaft #2 Shaft
155,226 122,849
2
Macassa Mine Complex
Mineral Reserves (P&P) 1.463 Moz @ 19.2g/t Au (2.4 M tonnes)
Mineral Resources
(M&I)
2.047 Moz @ 16.8g/t Au (3.8 M tonnes)
Mineral Resources
(Inferred)
1.177 Moz @ 19.2g/t Au (1.9 M tonnes)
31

32. 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
32

33. KLGOLD.COM
TSX:KLSOUTH MINE COMPLEX (SMC) UNDERGROUND DRILLING
Plan View showing 5300’ Level infrastructure testing the easterly strike extension of the
SMC
33

34. KLGOLD.COM
TSX:KLSMC DRILLING ON THE HM CLAIM
34

35. KLGOLD.COM
TSX:KL’04 MAIN BREAK UNDERGROUND DRILLING
3000’Level
Long Section View Looking North
35

36. KLGOLD.COM
TSX:KLHolt-Holloway Exploration Targets
Holt Property
Holloway Property
Holloway West
(Harker)
Lightval
36

37. KLGOLD.COM
TSX:KLHOLT MINE COMPLEX
37
90,676
107,733
127,860
2014A 2015A 2016A
Gold Production (oz)
Mine Overview Stats
2014A 2015A 2016A
Gold Production
(oz)
90,676 107,733 127,860
Gold Grade (g/t) 4.3 5.3 -
Cash Costs
(US$/oz)
$851 $698
AISC (US$/oz) $1,072 $942
• Three producing mines (Holt, Holloway and Taylor)
contribute ~2,200tpd
• Holt contributes ~1,200tpd
• Holloway contributes ~450tpd
• Taylor contributes ~ 550tpd
• 3,000tpd processing capacity (30% unused)
• Conventional CIL milling facility
• 3 mill grinding circuit
• P&P reserves of 0.8 Moz at 5.1 g/t, M&I of 1.4 Moz
at 4.1 g/t and Inferred Resources of 1.8 Moz at 4.6
g/t
• 2016 exploration is focused on increasing the level
of resources and reserves to boost mine life
• In Q4 will commence drill testing targets with
potential to add to the production profile in years to
come
1. Refer to appendix for NI 43-101 Disclosure

38. KLGOLD.COM
TSX:KLHolt Exploration Targets
Tousignant Deposit
Zone 6
Zone 4
Mattawasaga Pits
Zone 7
Surface
1075m Level
925m Level
435m Level
Current drift
development
Long section view looking north
Zone 4 West Extension
500 m1 km 02 km3 km 1 km 1.5 km
TOUSIGNANT TARGET
ZONE 7 TARGET
ZONE 4 TARGET
P&P Reserves1 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
Zone 7
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
381. Refer to appendix for NI 43-101 Disclosure

39. KLGOLD.COM
TSX:KLHolloway Exploration
Surface
Shaft Bottom
(867m)
Long section view looking north
LIGHTNING DEEP TARGET
(down plunge)
LIGHTNING DEEP (up-dip)
DEEP THUNDER
LIGHTVAL
TARGET
CANAMAXBLACKTOP EAST
HOLLOWAY NORTH
TARGET
Targeting a number of targets along strike on the Holloway property
• Lightval (surface target)
• Holloway North (~500m below surface)
• Lightning Deep (down plunge to the east, and up dip to the north)
• Blacktop (east and west along strike…and to depth towards Smoke)
P&P Reserves1 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
Lightning 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
391. Refer to appendix for NI 43-101 Disclosure

40. KLGOLD.COM
TSX:KLCOSMO GOLD MINE OVERVIEW
40
77,740
63,255
55,765
2014A 2015A 2016A
Gold Production (oz)
Mine Overview Stats
2014A 2015A Q4 2016 2016A
Gold
Production
(oz)
77,740 63,255 13,307 55,765
Gold Grade
(g/t)
3.14 2.99 2.78 93.6
Recovery (%) 88.9 90.7 94.5 2.87
Cash Costs
(US$/oz)
$1,000 $917
AISC (US$/oz) $1,263 $1,154
• Located in the Northern Territories 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
• P&P reserves of 101koz at 3.38g/t Au, M&I of 480koz
at 3.22 g/t and Inferred Resources of 60koz at 2.76
g/t
• 2016 drill campaign has 4 drills active on Cosmo
Deeps resulting in 2 new discoveries:
• Redbelly intercepts include 4.29 g/t over 11.8m (ETW
10.0m) and 5.18 g/t Au over 8.75m (ETW 8.75m)
• Taipan Lode intercepts include 6.23 g/t over 21.45m
(ETW 9.0m) and 11.34 g/t over 10.15m (ETW 4.3m)
• Continued drilling success at Sliver with intercepts of
8.76 g/t Au over 8.76 m (ETW 6.8 m) and 3.61 g/t Au
over 14.4 m (ETW 12.4 m)
• Completed Western Drill Drive in Apr 2016 to provide
platforms for continued exploration

41. KLGOLD.COM
TSX:KLCOSMO GOLD MINE LONG SECTION
41
Note: For further information on drill results see Newmarket Gold’s press release dated August 22, 2016 located at www.newmarketgoldinc.com
New Discovery Redbelly Gold Zone
New Discovery Taipan Gold Zone
Sliver Gold Zone
Highlight intercepts:
8.76 g/t Au over 7.55m
3.61 g/t Au over 14.4m
Highlight intercepts: 4.29 g/t Au over 11.8m
5.18 g/t Au over 8.75m
Highlight intercepts:
6.23 g/t Au over 21.45m including,
11.34 g/t Au over 10.15m
Four diamond drill
rigs operating during Q3 2016

42. KLGOLD.COM
TSX:KLMAUD CREEK PROJECT OVERVIEW
42
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
• Cosmo Gold Mine currently processes ~800,000 tpa though
the Union Reefs Mill (2016 guidance ~60koz)
• 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”.

43. KLGOLD.COM
TSX:KLSTAWELL GOLD MINE
43
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 $1,222
AISC
(US$/oz)
$1,193 $1,063 $1,345
• 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
• Current mining fronts comprised of Magdala and surface
oxides stockpiles
• 1.0 Mtpa processing capacity (20% unused); conventional
crush-grind followed by sulphide flotation and CIL
• Open Pit, Big Hill P&P Reserves of 138 koz at 1.36 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

44. KLGOLD.COM
TSX:KLSTAWELL GOLD MINE AURORA B GOLD ZONE
44
Maiden Inferred Mineral Resource of
30,400 ounces grading 3.5g/t gold.
The grade of the Aurora B Inferred
Mineral Resource is 42% greater than
the underground Mineral Reserve
grade
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

45. KLGOLD.COM
TSX:KLCANADIAN OPERATIONS MINERAL RESERVES
PROVEN PROBABLE PROVEN & PROBABLE
RESERVE AREA (Project/Mine) Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces
000's g/t 000's 000's g/t 000's 000's g/t 000's
04 & Main Break 494 14.7 236 529 16.5 278 1,023 15.8 514
South Mine Complex (SMC) 314 17.5 177 1,016 23.7 773 1,330 22.3 949
MACASSA MINE COMPLEX 808 15.8 412 1,545 21.3 1,051 2,354 19.2 1,463
Property Wide Targets - - - - - - - - -
Kirkland Lake Properties 808 15.8 412 1,545 21.3 1,051 2,354 19.2 1,463
Holt Mine 1,452 4.3 199 2,414 5.1 392 3,866 4.8 591
Holloway Mine - - - 233 5.4 40 233 5.4 40
Taylor Mine - - - 774 6.3 156 774 6.3 156
HOLT MINE COMPLEX 1,452 4.3 199 3,421 5.4 588 4,873 5.0 787
Hislop Mine - - - 280 5.2 46 280 5.2 46
PDFZ Properties 1,452 4.3 199 3,701 5.4 634 5,153 5.0 833
TOTAL RESERVES (Company Wide) 2,260 8.4 611 5,246 10.0 1,685 7,507 9.6 2,296
“NI 43-101 Disclosure”.
Resources are exclusive of Reserves
As at December 31, 2014
45

46. KLGOLD.COM
TSX:KLCANADIAN OPERATIONS MINERAL RESOURCES
MEASURED INDICATED MEASURED & INDICATED INFERRED
RESOURCE AREA (Project) Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces
000's g/t 000's 000's g/t 000's 000's g/t 000's 000's g/t 000's
04 & Main Break 964 13.7 430 1,042 14.4 483 2,006 14.1 913 440 14.1 201
South Mine Complex (SMC) 30 12.7 12 1,249 23.0 917 1,279 22.6 929 1,232 22.3 876
MACASSA MINE COMPLEX 994 13.7 442 2,290 18.9 1,400 3,800 16.8 1,842 1,671 20.2 1,077
Property Wide Targets 9 17.1 5 518 12.0 200 527 12.0 203 246 12.7 100
Kirkland Lake Properties 1,003 13.7 447 2,809 17.8 1,599 3,812 16.8 2,047 1,917 19.2 1,177
Holt 3,702 4.0 473 3,861 3.9 485 7,563 3.9 957 7,866 4.7 1,181
Holloway 310 4.7 47 482 4.5 70 792 4.6 117 2,479 4.9 389
Taylor - - - 2,000 4.54 302 2,000 4.54 302 1,951 4.1 257
HOLT MINE COMPLEX 4,012 4.1 520 6,666 4.3 911 10,678 4.1 1,430 12,296 4.6 1,827
Hislop - - - 983 4.0 127 983 4.0 127 690 4.2 92
Aquarius - - - 22,300 1.3 926 22,300 1.3 926 9 0.8 N/A
Ludgate - - - 522 4.1 68 522 4.1 68 1,396 3.6 162
Canamax - - - 240 5.1 39 240 5.1 39 170 4.3 23
PDFZ Properties 4,012 4.1 520 30,711 2.1 2,071 34,723 2.3 2,590 14,561 4.5 2,104
TOTAL RESOURCES (Company Wide) 5,015 6.0 967 33,520 3.4 3,670 38,535 3.7 4,637 16,478 6.2 3,281
Resources are exclusive of Reserves
As at December 31, 2014
“NI 43-101 Disclosure”. 46
The total of the Estimated Measured and Indicated Resources of Macassa Mine at January 1, 2015 is 4.2 million tons at a grade of 0.49 oz Au/ton (3.8 million tonnes @ 16.8 g
Au/t). In addition, there is an estimated 2.1 million tons at a grade of 0.56 oz Au/ton (1.9 million tonnes @ 19.2 g Au/t) that is classified as an Inferred Resource.
Total Resource ounces are 2Moz for M+I and another 1.18Moz in Inferred.

47. KLGOLD.COM
TSX:KLAUSTRALIA OPERATIONS MINERAL RESERVES
PROVEN PROBABLE PROVEN & PROBABLE
RESERVE AREA (Project/Mine) Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces
000's g/t 000's 000's g/t 000's 000's g/t 000's
Fosterville UG 232 5.39 40 859 7.36 203 1,091 6.95 244
Fosterville Tailings 571 7.83 144 - - - 571 7.83 144
Stawell UG 51 2.49 4 305 2.47 24 356 2.47 28
Stawell OP - - - 3,123 1.36 138 3,123 1.36 138
Cosmo 487 3.47 54 445 3.28 47 932 3.38 101
Burnside - - - - - - - - -
Union Reefs (OP+UG) - - - 520 3.1 52 520 3.1 52
Pine Creek - - - 1,245 1.55 62 1,245 1.55 62
Maud Creek - - - - - - - - -
TOTAL RESERVES
(Company Wide)
1,341 5.61 242 6,497 2.52 526 7,838 3.05 769
Resources are inclusive of Reserves
As at December 31, 2015
“NI 43-101 Disclosure”.
47

48. KLGOLD.COM
TSX:KLAUSTRALIA OPERATIONS MINERAL RESOURCES
MEASURED INDICATED MEASURED & INDICATED INFERRED
RESOURCE AREA (Project) Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces
000's g/t 000's 000's g/t 000's 000's g/t 000's 000's g/t 000's
Fosterville UG 2,086 3.25 218 12,950 4.57 1,904 15,036 4.39 2,122 5,073 4.08 665
Fosterville Tailings 571 7.83 144 - - - 571 7.83 144 - - -
Stawell UG 56 2.56 5 669 3.49 75 725 3.43 80 1,118 3.24 116
Stawell OP - - - 3,394 1.52 166 3,394 1.52 166 46 1.15 2
Cosmo 1,650 3.63 193 2,987 2.99 288 4,637 3.23 480 678 2.76 60
Burnside - - - 7,358 1.36 322 7,358 1.36 322 6,820 1.46 321
Union Reefs (OP+UG) - - - 3,579 2.38 273 3,579 2.38 273 3,342 2.3 247
Pine Creek - - - 8,393 1.41 379 8,393 1.41 379 2,540 2.34 191
Maud Creek 1,067 5.59 192 5,426 3.04 532 6,493 3.47 724 1,980 2.32 149
TOTAL RESOURCES
(Company Wide)
5,430 4.29 752 44,756 2.74 3,939 50,186 2.91 4,691 21,597 2.52 1,751
Resources are inclusive of Reserves
As at December 31, 2015
“NI 43-101 Disclosure”.
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49. 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 of Mining
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. All reserve and resource estimates for the Kirkland Lake Properties 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 Exploration and the Vice President of mining respectively, and not considered independent under NI 43-101.
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 10, 2016, AND ST ANDREW GOLDFIELDS LTD. ANNUAL INFORMATION FORM DATED
MARCH 27, 2015, AVAILABLE ON SEDAR (www.sedar.com) FOR COMPLETE NI 43-101 NOTES AND DISCLOSURE PERTAINING TO THE RESOURCE AND RESERVE
STATEMENTS QUOTED HEREIN.
Newmarket Qualified Person and QA/QC
All production information and other scientific and technical information in this presentation with respect to Newmarket and its assets were prepared in accordance with the standards of
the Canadian Institute of Mining, Metallurgy and Petroleum and NI 43-101 and were prepared, reviewed, verified and compiled by Newmarket’s mining staff under the supervision of Mark
Edwards, MAusIMM (CP), MAIG and Newmarket’s General Manager, Exploration, who is the qualified person for the purpose of NI 43-101.
Simon Hitchman, FAusIMM (CP), MAIG, Exploration Manager, Newmarket Gold, is a "qualified person" as such term is defined in National Instrument 43-101 and has reviewed and
approved the technical information and data included in this Investor Presentation.
Troy Fuller, MAIG, Geology Manager, Fosterville Gold Mine, Newmarket Gold, is a "qualified person" as such term is defined in National Instrument 43-101 and has reviewed and approved
the technical information and data included in this presentation.
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 NEWMARKET’S ANNUAL INFORMATION FORM DATED MARCH 21, 2016, AVAILABLE ON SEDAR (www.sedar.com) FOR COMPLETE NI 43-101 NOTES AND
DISCLOSURE PERTAINING TO THE RESOURCE AND RESERVE STATEMENTS QUOTED HEREIN.
49

50. KLGOLD.COM
TSX: KL
TONY MAKUCH
President & Chief Executive OfficerJanuary 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
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