22 corp presentation-q2corporateupdate-29aug16

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TSX:KGI 1 klgold.com

VALUE & GROWTH FOCUSED ON GOLD

KIRKLAND LAKE GOLD INC.

(TSX:KGI)

Q2 Corporate Update

August 2016



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Forward-Looking Statements

Cautionary Note Regarding Forward-Looking Statements.

Statements made in the Company’s handouts and as part of the corporate presentation contain statements which

constitute ”forward-looking statements”, including statements regarding the plans, intentions, beliefs and current

expectations of the Company with respect to the future business activities and operating performance of the Company. The

words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar

expressions, as they relate to the Company, are intended to identify such forward-looking statements. Forward-looking

statements used in this presentation include, but may not be limited to; statements regarding the Company’s

guidance metrics for 2016 including, gold production, head grade, cash operating costs, AISC, and capital

expenditures; the exploration programs and associated budgets with respect to the Kirkland Lake Camp and East

Timmins Assets and the results and timing thereof, the medium to long-term strategy and potential of the

Company to continue to grow by way of organic growth and/or through various strategic transactions, including

mergers and acquisitions; increased throughput at the Holt and Taylor mines, and Company’s ability to further

reduce costs through various efficiency projects across the operations and the timing thereof.

With respect to the forward-looking information of Kirkland Lake Gold, concerning gold resources and reserves of the Kirkland Lake properties and

the East Timmins properties, the development of such properties are subject to various key assumptions described in the Annual Information Forms

and Technical Reports of both Kirkland Lake Gold and St Andrew Goldfields Ltd. referred to herein and as filed on the SEDAR profiles of both

companies at www.sedar.com and on the Company’s website at www.klgold.com.

Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered

reasonable at the date the statements are made such as, without limitation, opinion, assumptions and estimates of management regarding the

Company’s business, its ability to increase its production capacity and decrease its production cost. Such opinions, assumptions and estimates, are

inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ

materially from those projected in the forward-looking statements. These factors are discussed in length in the Company's annual Management's

Discussion and Analysis for the interim period ended June 30, 2016, and Annual Information Form for the year ended December 31, 2015 filed with

the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove

incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or

expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to

differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend,

and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

http://www.sedar.com/





http://www.klgold.com/












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Investment Highlights

Cash Costs <US$650

AISC <US$1,050

C$24M Exploration

Program for 2016

~C$170M in Cash

Generated C$57.3M

in Free Cash Flow

YTD

2.3M Oz’s of P&P

+

3.4M Oz’s of M&I

+

3.2M Oz’s of Inferred

*Example of forward-looking information

1 see MRMR Statements in Appendix of this presentation

Holt Mine

Taylor Mine Holt Mill

Macassa Mine Complex

Holloway Mine



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Diversified Assets In A Prolific, Mining Friendly Region

St Andrew Mine Complex

H1/16 Production1 50.6k Ozs Au

H1/16 Head Grade 5.1 g/t Au

Holt Mill 3,000 tpd (75% utilized)

Resources & Reserves* (operating assets only)

Total P&P 0.8M Ozs (5.0 g/t Au)

Holt Mine 591k Ozs (4.8 g/t Au)

Taylor Mine 156k Ozs (6.3 g/t Au)

Holloway Mine 40k Ozs (5.4 g/t Au)

Measured & Indicated 1.1M Ozs (3.2 g/t Au)

Inferred 1.8M Ozs (4.6 g/t Au)

Macassa Mine Complex

H1/16 Production 79.9k Ozs Au

H1/16 Head Grade 13.6 g/t Au

Macassa Mill 2,000 tpd (50% utilized)

Reserves & Resources* (operating assets only)

Total P&P Reserves

(Macassa Mine Complex) 1.5M Ozs (19.2 g/t Au)

Measured & Indicated

(Property Wide) 1.8M Ozs (17.4 g/t Au)

Inferred (Property Wide) 1.1M Ozs (20.1 g/t Au)

*Resources are exclusive of Reserves. See Company websites for NI 43-101 disclosure (www.kllgold.com; www.sasgoldmines.com)

QUÉBEC

1 Q1 Production from East Timmins Operations excludes 7,189 ounces from ETO from January 1 to January 25, 2016.

2 AISC is a non-GAAP measure, see Q1/16 MDA for reconciliation of non-GAAP measures



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Tracking Well Against 2016 KPI’s

Guidance Metrics All figures are in C$ unless stated otherwise

Q1/16

Actual

Q2/16

Actual YTD Actual 2016 Guidance

Total Gold Production (kOzs) 62.3 68.4 130.6 270 - 290

Head Grade (g/t Au) 9.1 7.5 8.2 7.7

Cash Operating Cash Costs ($/Oz) US$646 $667 $641 US$600-US$650 3

All-In Sustaining Costs 2

($/Oz of gold sold) US$907 $990 $925 US$1,000- US$1,050 3

Total Capital Expenditures

(New & Sustaining Capital, Property, Plant

& Equipment)

$20.1M $21.0M $41.1M $120M

1 Production excludes East Timmins for the first 25 days of January (7,189 ozs), as the acquisition of St Andrew Goldfields Ltd., did not close until January 26, 2016. 2 AISC costs per ounce sold is a non-GAAP performance measures. While it is a common performance measures in the mining industry it does not have any

standardized meaning. The Company provides a reconciliation of its non-GAAP performance measures in its most recent Management Discussion & Analysis (“MD&A”),

for the period ended December 31, 2015. 3 USD:CAD exchange rate of 1.3



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Financial Position

CASH 1

C$ 170 million Cash & cash equivalents

DEBT C$119 million convertible debentures

KGI.DB: 6% $15.00 conversion price

C$56.9MM mature Jun/2017

KGI.DB.A: 7.5% $13.70 conversion price

C$62.1MM mature Dec/2017

1 Cash balance of C$157.5 million as at June 30, 2016, plus ~C$15 million from flow-through financing (see press release dated July 13, 2016).

CAPITAL STRUCTURE 1

ISSUED SHARES 117.4 million

Stock Options ~3.5 million

FULLY DILUTED ~120.9 million

MARKET

CAPITALIZATION 2 C$1.4 billion

ROYALTY

BUYBACK 2.5% NSR Franco Nevada Corporation

Option to buyback 1% by October 31, 2016, at a cost of

US$36MM less any money paid against the 1% (Approx.

C$30MM)



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Q2 2016 Financial Results

All amounts are in C$ unless otherwise stated.

Q2 2016 H1 2016

CO

ST

S

Operating Cost (per tonne milled) 1 $208 $234

Operating Cost (per ounce sold) 1 US$667 2 US$641 2

All-In Sustaining Costs (per ounce sold) 1 US$990 2 US$925 2

SA

LES

an

d

PR

OFIT

S

Gold Sales (ounces) 72,144 141,453

Average Realized Sales Price 1 US$1,271 2 US$1,211 2

Revenue (millions) $118M $228M

CA

SH

FLO

W

Free Cash Flow (millions) 1 $39.1M $57.3M

Cash and Cash Equivalents (millions) - $157.5M

1 AISC costs per ounce sold is a non-GAAP performance measures. While it is a common performance measures in the mining industry it does not have any

standardized meaning. The Company provides a reconciliation of its non-GAAP performance measures in its most recent Management Discussion & Analysis (“MD&A”),

for the period ended December 31, 2015. 2 Average USD:CAD exchange rate for each period



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2016 Exploration Programs

2016 Budget of $24M (includes $6M FT dollars)

Kirkland Lake Properties

(including Macassa Mine Complex)

PDFZ Properties

(including Holt Mine Complex)

Surface Drilling (up to 7 drills)

• SMC along strike

• Main Break at depth

• Amalgamated Break

Surface Drilling (3 drills)

• Holloway Property

• Taylor Property

• Follow-up drilling in Q4 (Ludgate, Hislop,

Tousignant West and Harker West targets)

Underground Drilling (3 drills)

• 5300’ Level - SMC expansion of the known

zone and infill drilling

• 4250’ Level - ’04 Break Mineralization

Underground Drilling (4 drills)

• Holloway Mine (Smoke Deep Zone)

• Taylor Mine (along strike and at depth)

• Holt Mine (Zone 4)



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Share Structure and Relative Share Price Performance

Major Shareholders (~40%) 2

• Van Eck Associates Corporation (~13%)

• Fidelity Investments (~7%)

• Resolute Funds (~7%)

• Eric Sprott (~6%)

• Sentry Select (~5%)

• Abramson Family (~5%)

• Oppenheimer Funds Inc. (~3%)

• Sprott Asset Management (~3%)

52 Week Performance 2

HIGH C$12.39

LOW C$4.51

Current Share Price C$12.00

1 As at August 2, 2016: 2 As at August 19, 2016

0%

50%

100%

150%

200%

250%

300%

350%

400%

Jan-15 Mar-15 May-15 Jul-15 Sep-15 Nov-15 Jan-16 Mar-16 May-16 Jul-16

Kirkland Lake (TSX:KGI) Gold Price (C$ / oz) GDX Index (C$)

29%

227%

89%



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A Profitable Mid-Tier Gold Producer

PRODUCTION

LOW COST & PROFITABLE

SUSTAINABLE

GROWTH

• 2016 Targets:

o Gold production 270-290k Ozs

o Cash costs of US$600 - $650/Oz

o AISC of US$1,000 - $1,050/Oz

• Strong balance sheet and cash flow generation

• Diversified production from 4 mines and 2 mills

• Large reserve and resource base to support long

term production

• Increased exploration spending across highly

prospective land

• Leveraged to the Canadian dollar

*Example of forward-looking information



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A High-Grade Corner

Stone Underground Mine

MACASSA MINE

COMPLEX



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Macassa Mine Complex Overview

Reserves & Resources

Property Wide SMC

Mineral Reserves

(P&P) 1.5 Moz’s @ 19.2 g/t

2.4M tonnes

0.9 Moz’s @ 22.3 g/t 1.3M tonnes

Mineral Resources

(M&I) 2.0 Moz’s @ 16.8 g/t

3.8M tonnes


Mineral Resources

(Inferred) 1.7 Moz’s @ 19.2 g/t

1.9M tonnes


2016E

Gold Production (kOz’s) 160 – 170 70% of tonnes from the SMC and 30% from the

’04/Main Break

Head Grade (g/t Au) 15.1 Blended head grade based on tonnes produced

from each area of the mine.

Capital Expenditures

Property, Plant & Equipment $25 The $25 million includes a carry-over of approx.

$8 million from 2015 due to a delay in the delivery

of equipment from the manufacturer.

Capital Development $45 Includes new and sustaining capital

See Appendix for more disclosure on MRMR statement which is as of December 31, 2014.

Macassa Mill – 2,000 tpd capacity

Production from the SMC and ’04/Main Break feed the mill at

approximately 950 tpd



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5025 Level

P+P 28,000 Tons @ 0.48 oz/ton 14,000 Oz’s

M+I 74,000 Tons @ 0.42 oz/ton 32,000 Oz’s

5300 Level

P+P 561,000 Tons @ 0.47 oz/ton 261,000 Oz’s M+I 245,0000 Tons @ 0.43 oz/ton 107,000 Oz’s

5400 Level


5600 Level


5700 Level


South Mine Complex by Level

OPEN

*Drawing not to scale

NOTE: Example of a forward-looking statement

5800 to 6600 Level

P+P 50,000 Tons @ 0.83 oz/ton 41,000 Oz’s

M+I 551,000 Tons @ 0.91 oz/ton 499,000 Oz’s

OPEN

OPEN

Fully developed and

currently in production

6 stopes in production

Currently in development, while ramp

towards 5700 Level continues



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HOLT MINE

COMPLEX

Sustainable Production



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Porcupine-Destor Fault Zone Properties

Holt, Holloway, Taylor HOLT MINE COMPLEX (Producing Assets)

Hislop Care & Maintenance

Ludgate, Aquarius Exploration Targets with existing resources

Garrison Creek Exploration Target

120km strike of contiguous land straddling the Porcupine-Destor Fault Zone

Blackfox Mine & Greyfox Deposit

(Primero Mining)

Aquarius

Hislop

Ludgate

Garrison

Creek

120km

N

Fenn-Gibb Deposit

(Tahoe Resources)



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Holt Mine Complex Overview

Reserves & Resources*

Property Wide

Mineral Reserves

(P&P) 0.8 Moz’s @ 5.3 g/t

5.2M tonnes

Mineral Resources

(M&I) 1.7 Moz’s @ 4.2 g/t

12.9M tonnes

Mineral Resources

(Inferred) 2.2 Moz’s @ 4.5 g/t

14.9M tonnes


2016E

Gold Production (kOz’s) 110 - 120 Holt, Holloway and Taylor mines.

Head Grade (g/t Au) 4.8 Blended head grade based on tonnes

produced from each mine.

Capital Expenditures

Property, Plant & Equipment $20

Includes PP&E, and minor infrastructure

improvement projects

Capital Development $30 Includes new and sustaining capital

HOLT MINE ~1,200tpd

(shaft access underground mine)

HOLLOWAY MINE ~500tpd

(shaft access underground mine

TAYLOR MINE ~500tpd

(ramp access underground mine)

*The property wide M&I and Inferred resources do not include Aquarius which currently has 0.9 Mozs (22.3M tonnes at 1.3 g/t Au) and inferred resources of 230 ounces (9,000 tonnes at

0.8 g/t Au).

Holt Mill – 3,000 tpd capacity

Holt-Holloway and Taylor mines feed

the mill at approximately 2,200 tpd



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Holt Mine – Long Section

All figures are rounded.


P&P Reserves M&I Resources Inferred Resources

Holt Mine (All Zones) 591 koz

3.9Mt @ 4.8 g/t Au

957 koz

7.6Mt @ 3.9 g/t Au

1.2 Moz

7.9Mt @ 4.7 g/t Au

Zone 4

(includes Zone 4 East)

201 koz

1.5Mt @ 4.3 g/t Au

544 koz

4.4Mt @ 4.0 g/t Au

23 koz

0.2Mt @ 4.0 g/t Au

Zone 4 West Extension - - 861 koz

5,552,000 @4.82g/t Au

Zone 6 147 koz

0.8Mt @ 6.0 g/t Au

48 koz

0.2Mt @ 7.6 g/t Au

28 koz

0.1Mt @ 7.9 g/t Au

Ghost Zone 152 koz

1.0Mt @ 4.5 g/t Au

159 koz

1.4Mt @ 3.4 g/t Au

92 koz

0.8Mt @ 3.7 g.t Au

500 m

Surface

Shaft Bottom (1.2km)

Ghost Zone

Zone 6

Zone 4

Zone 4 West

Extension

• Current production is derived

from Zone 4 (~1,000tpd) and

Zone 6 (~250tpd)

• Ore is crushed underground and

skipped to surface for processing

at the Holt Mill

View looking north



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Holloway Mine – Long Section

P&P Reserves M&I Resources Inferred Resources

Holloway Mine

(All Zones)

40 koz

0.2Mt @ 5.4 g/t Au

117 koz

0.8Mt @ 4.6 g/t Au

389 koz

0.2Mt @ 4.9 g/t Au

Smoke Deep Zone 24 koz

0.1Mt @ 5.3 g/t Au N/A N/A

Blacktop Zone 16 koz

89kt @ 5.5 g/t Au N/A N/A

Middle Zone - 24 koz

0.2Mt @ 4.2 g/t Au N/A

Deep Thunder/

Canamax - -

350 koz

2.2Mt @ 4.9 g/t Au



• Current production is derived predominantly from the Smoke Deep Zone, with a small contribution from the Blacktop Zone (~550tpd)

• Ore is crushed underground, skipped to surface, and trucked 1km to the Holt Mill for processing

Surface

500 m

Shaft Bottom (867m)

Smoke Deep Zone

Blacktop Zone

Canamax Zone

Deep Thunder

Zone

View looking north

Middle Zone

Lightning Zone



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150m

Taylor Mine – Long Section

Zone P&P Reserves M&I Resources Inferred Resources

WPZ 156 koz’s

0.8Mt @ 6.3 g/t Au

239 koz’s

1.6Mt @ 4.6 g/t Au

222 koz’s

1.7Mt @ 4.0 g/t Au

Shoot Zone - 116 koz’s

0.7Mt @ 5.2 g/t Au

3 koz’s

20kt @ 5.2 g/t Au

Shaft Zone - - 32 koz’s

205kt @ 5.0 g/t Au

Surface

Bourgois Claim Shoot Zone



• St Andrew declared commercial production at Taylor in November 2015

• Estimated annual production of between 30 - 40 koz’s of gold (~550tpd run rate)

• Ore is trucked approximately 70km to the Holt Mill for crushing and processing

• Mineralization remains open at depth and along strike

Bulk Sample

#1

Bulk Sample

#2 1004 Lens

1006-1 Lens

1008-1 Lens

1008-2 Lens

100m

250m

350m 1006-2 Lens

500m

View looking north

OPEN

Underexplored Area



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Organic Growth

Opportunities

EXPLORATION



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Kirkland Lake Gold Camp

The Kirkland Lake gold

camp has been in

production for over 100

years

One of the highest grade

gold camps in the world

Almost 25 Moz’s has been

produced to date, from

seven mines

KGI owns five former

producing high grade

mines with historical

production of ~22 Moz’s of

gold

Average head grade of

15.1 g/t

Currently only mining and

exploration on one of these

past producers

Toburn



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SMC Drilling on the South Claims



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Underground Drilling Testing a New Zone on the ‘04 Break



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Regional Exploration Across a Prolific Trend

• Initial results from our regional program do not appear to be Main Break related (Phase 1)

• Geophysics anomalies identified and follow-up targeting exercise completed as part of Phase 1a

• Phase 1a program has 2 remaining holes in progress.

• Phase 2 will target the Main Break at depth and consist of infill drilling.

Kirkland

Minerals

See press release dated January 19, 2016, as filed on SEDAR



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Regional Drilling – Section Looking East

SELECTED HIGHLIGHTS

AB-15-12

11.7 g/ 0.3 metres

0.34 opt/ 1.0 feet

AB-15-23 3,241.4 g/ 0.7 metres

94.54 opt/ 2.3 feet

11.7 g/ 0.3 metres

0.34 opt/ 1.0 feet

AB-15-53 12.3 g/ 0.5 metres

0.36 opt/ 1.7 feet

AB-15-91 646.3 g/ 0.9 metres

18.85 opt/ 2.8 feet

including 1,783.2 g/ 0.3 metres

52.01 opt/ 1.0 feet

And 89.5 g/ 0.3 metres

2.61 opt/ 1.0 feet

See press release dated November 3, 2015, as filed on SEDAR



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Holt-Holloway Exploration Potential

Lightning

Smoke Deep Blacktop

Canamx

Deep Thunder

Ghost

Zone 4

Zone 6

Tousignant



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Holloway Mine Exploration Targets

Long Section Looking North

Smoke Deep Zone

Smoke Deep

Exploration Target

(down plunge)

Holloway North Exploration

Target

Smoke Deep

Exploration Target

(up dip)

Black Top

Lightning Zone

surface



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Taylor Mine Exploration Targets

Long Section Looking North

West Porphyry Zone (WPZ)

Indicated 248 koz

1.63M tonnes @ 4.7 g/t

Inferred 251 koz

1.86M tonnes @ 4.2 g/t

surface



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Experienced Team

Eric Sprott 2 Non-executive Chairman Barry Cooper, B.Sc., MBA 1 Non-executive Director

Barry Olson, M.Sc. 1 Non-executive Director Pamela Klessig, P.Geo. Non-executive Director

Dawn Whittaker, LLB Non-executive Director Jeffrey Parr, CPA-CA, BA, MBA 1 Non-executive Director

Anthony Makuch Director

Anthony (Tony) Makuch President & Chief Executive Officer

Perry Ing, CPA-CA, CPA (Ill), CFA 3 Chief Financial Officer

Chris Stewart, P.Eng. VP Operations

Doug Cater, P.Geo. 5 VP Exploration

Keyvan Salehi, P.Eng., MBA 5 VP Corporate Development

Jennifer Wagner, LL.B. Legal Counsel

Suzette N Ramcharan, CPIR Director, Investor Relations

Kevin Fearn, BA, CHRP, CHRL Director, Human Resources

Board of Directors

Senior Management

1 Appointed October 2014; 2 Appointed February 2015; 3 Appointed November 2015, 4 Appointed January 25, 2016, 5 Appointed

February 1, 2015



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Analyst Coverage

Firm Analyst

GMP Oliver Turner

Dundee Securities Ron Stewart

CIBC World Markets Cosmos Chiu

Macquarie Capital Markets Michael Siperco

BMO Capital Markets Brian Quast

M Partners Stuart McDougall

Mirabaud Securities Richard Morgan

Firm Analyst

Scotiabank Craig Johnston

PI Financial Philip Ker

National Bank Financial Raj Ray

Clarus Securities Jamie Spratt

Investec Bank Hunter Hillcoat

Pareto Securities John McClintock

KIRKLAND LAKE GOLD IS FOLLOWED BY THE ANALYSTS LISTED ABOVE. THIS LIST IS PROVIDED FOR INFORMATION PURPOSES ONLY AND IS SUBJECT TO CHANGE

AS COVERAGE IS ADDED OR DROPPED BY A FIRM.

OPINIONS, ESTIMATES OR FORECASTS REGARDING KIRKLAND LAKE GOLD'S PERFORMANCE THAT ARE MADE BY THESE ANALYSTS ARE THEIRS ALONE AND DO

NOT REPRESENT THE OPINIONS, ESTIMATES OR FORECASTS OF KIRKLAND LAKE GOLD OR ITS MANAGEMENT.

KIRKLAND LAKE GOLD DOES NOT IMPLY ITS ENDORSEMENT OF, OR CONCURRENCE WITH, SUCH INFORMATION, CONCLUSIONS OR RECOMMENDATIONS AND

TAKES NO RESPONSIBILITY FOR MONITORING, SUPPLEMENTING OR CORRECTING ANY INFORMATION OR FORECASTS PROVIDED BY THE ANALYSTS.



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APPENDIX

Notes, additional disclosure

and other information



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KGI Reserve & Resource Estimates Resources are exclusive of Reserves

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

ZoneTons (000's) Tonnes (000's)

InferredNote: 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).

The reserve and resource estimates have been audited and verified, and the technical disclosure in the press release dated April 13, 2015, has been approved, by the Company’s independent reserve and resource

engineer, Glenn R. Clark, P. Eng., of Glenn R. Clark & Associates Limited. Mr. Clark is a ‘qualified person’ under National Instrument 43-101, Standards of Disclosure for Mineral Projects, of the Canadian Securities

Administrators. The report detailing the December 31, 2014, reserve and resource estimates is available on SEDAR (www.sedar.com). See ‘Notes for Reserves and Resources’ below for key assumptions, parameters

and methods used to estimate the foregoing reserves and resources, available on the Company website at www.klgold.com..

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)

ZoneIndicated Measured & Indicated

Tons

(000's)

Tonnes

(000's)

Tons

(000's)

Tonnes

(000's)

1,106 1,003

1,063 1,148

1,337

1,041

1,249

2,006

1,279

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)

ZoneProbable Proven & Probable

Tons

(000's)

Tonnes

(000's)

Tons

(000's)

1,023













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East Timmins Assets – Mineral Reserves & Resources

Total Reserves Measured Indicated Measured +

Indicated Inferred

Tonnes

('000)

Grade

(g/t Au)

Ounces Au

('000 oz)

Tonnes

('000)

Grade

(g/t Au)

Ounces Au

('000 oz)

Tonnes

('000)

Grade

(g/t Au)

Ounces Au

('000 oz)

Tonnes

('000)

Grade

(g/t Au)

Ounces Au

('000 oz)

Tonnes

('000)

Grade

(g/t Au)

Ounces Au

('000 oz)

Holt 3,866 4.75 591 3,702 3.97 473 3,861 3.90 485 7,563 3.94 957 7,866 4.67 1,181

Holloway 233 5.35 40 310 4.71 47 482 4.54 70 792 4.61 117 2,479 4.88 389

Taylor 774 6.27 156 0 0.00 0 2,323 4.76 356 2,323 4.76 356 1,951 4.10 257

Hislop 280 5.16 46 0 0 0 983 4.01 127 983 4.01 127 690 4.16 92

Aquarius - 0 0.00 0 22,300 1.29 926 22,300 1.29 926 9 0.79 0

Clavos - 0 0.00 0 503 4.81 78 503 4.81 78 318 4.73 48

Ludgate - 0 0.00 0 522 4.06 68 522 4.06 68 1,396 3.60 162

Canamax - 0 0.00 0 240 5.09 39 240 5.09 39 170 4.26 23

Total 5,153 5.03 833 4,012 4.03 520 31,214 2.14 2,149 35,227 2.36 2,668 14,879 4.50 2,154

As at December 31, 2014 - See website for notes and additional 43-101 disclosure (www.sasgoldmines.com)

Resources are exclusive of Reserves



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www.klgold.com

Suzette N Ramcharan, CPIR

Director of Investor Relations

+1-647-361-0200

[email protected]

TSX:KGI

mailto:[email protected]

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