19 kgi-big eventgaladinner-26may15

A LONG & PROFITABLE FUTURE

Northern Mines Expo – The Big Event Gala Dinner May 26, 2015

Presenter: Chris Stewart P.Eng, Vice-President Operations

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. 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

Kirkland Lake Camp

www.klgold.com 3 TSX/AIM:KGI

KL GOLD 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

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 highest grade 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

0.05.0

10.015.020.025.0

Gra

de g

/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)

Key Features of KL Gold

Contributed ~6% of

Ontario’s Gold

Production in F2014

Generated $173MM

in Revenue in F2014

99% of Jobs are

Located in Northern

Ontario

Employees over

1,000 Employees


Source: PWC Report, January 2015

KL GOLD EMPLOYMENT

Our Employee Base and What We Offer as an Employer

Employer to a Number of Regions

64% 11%

9%

5%

4%

3% 3%

KIRKLAND LAKE GOLD EMPLOYEES

KIRKLAND LAKE

TIMISKAMING

ENGLEHART

SUDBURY

QUEBEC

OTHER

TIMMINS

NORTH BAY



Employee Benefits


• Competitive wages and benefits

• Located within minutes of the community

center.

• Medical practitioner hired exclusively for

employees of KL Gold and their families.

• Work schedules that accommodate

regional employees.

• One Target – One Team approach

• Commitment to the community through

sponsorship initiatives.

Fitness for Duty

KL Gold has a

Zero Tolerance Policy

We require ALL EMPLOYEES to be fit at all

times to perform their assigned duties.

While at work, we do not tolerate the use of:

• Alcohol

• Illicit Drugs

• Medication (that can cause impairment)


KL GOLD ECONOMIC IMPACT

Direct and Indirect Impacts to Kirkland Lake and neighboring communities and regions

Direct and Indirect Impact

KL Gold will have contributed ~$350MM to

Ontario’s GDP in F2015

Indirect Contribution

Direct Contribution



Dollar Spend in F2015


Kirkland Lake (and area - within 50km) $ 15.5MM

Timmins, New Liskeard, Val D'or $ 6.8MM

Sudbury/North Bay Area $ 12.3MM

~$35MM to Suppliers

and Contractors

Source: Company Source

KL GOLD AS AN INVESTMENT

A Successful Turnaround Story with a

Long and Profitable Future

KGI 12 Month Share Price Performance KGI Share Price Vs Gold Price (C$) Over a 12 month Period (May 2014 – May 2015)

• KGI share price has outperformed the POG by 84%

• Steady increase in KGI share price since January 2015


F2015 Achievements

Sold 155,709 Ounces of Gold

Achieved Mid-Range of Revised Guidance

Average Head Grade of 0.43 OPT or 14.1 g/t

Beat Grade Guidance by 13%

Ended the year with $80.3MM in Cash and Cash Equivalents

• Operating Cost/Ounce (Target of C$800-C$850/Oz)

• AICC (Target of C$1,250-C$1,350/Oz)

• Free Cash Flow Generation (Target of C$30-C$35MM)

As at Q3_F2015, on track to meet all other Guidance Metrics:


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

Exploration Potential In A Historic Camp


Current Underground and

Surface Drilling Targets

Currently mining and

exploring on one of

these five targets.

Three main areas

currently being

explored from

surface and

underground.

Regional exploration

to test eastwards will

be next phase of

drilling.

Experienced Team

Eric Sprott, Chairman of the Board (Non-executive Director)

Barry Cooper, B.Sc., MBA (Non-executive Director)

Pamela Klessig, P.Geo (Non-executive Director)

Barry Olson, M.Sc. (Non-executive Director)

Jeffrey Parr, CA, BA, MBA (Non-executive Director)

Dawn Whittaker, LLB (Non-executive Director)


George Ogilvie, P.Eng.

Director, President & CEO

Suzette N Ramcharan, CPIR

Director, Investor Relations

John Thomson, CA

Director, Executive VP & CFO

Kevin Fearn, CHRP

Director, Human Resources

Chris Stewart, P.Eng.

VP Operations

Heather Laxton

Corporate Secretary

Board of Directors

Senior Management

WWW.KLGOLD.COM

Suzette N Ramcharan, CPIR

Director of Investor Relations

+1-416-840-7884

Mobile: +1-647-284-5315

[email protected]

TSX /AIM: KGI

mailto:[email protected]

Business

19 kgi-big eventgaladinner-26may15