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Surface Drilling Extends Amalgamated Break Zones 500 Feet East; Drill Hole AB-13-118 Assays 5.54 Ounces of Gold Per Ton (189.94 Grams of Gold Per Tonne) Over 0.9 Feet (0.3m) True Width

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KIRKLAND LAKE, ONTARIO--(Marketwired - Mar 10, 2014) - Kirkland Lake Gold Inc. (the Company) (KGI.TO)(KGI.L), an operating and exploration gold company, is pleased to announce recent drilling results from its ongoing surface diamond drilling exploration program. This latest program utilized one drill rig on the South Claims Property (See Figure 1), in a continuing effort to define potential near surface resources.

Mr. George Ogilvie, CEO commented, "We are further encouraged with the results of our surface program and the continued extension of the mineralized zone to the east. This will be the first year that this near surface mineralization will be brought into a compliant NI43-101 resource, when it is released (expected this spring). Beyond that, we will look to continue expanding the resource with the ultimate goal of creating a NI43-101 reserve model. To date the mineralization remains open both across strike and 1,000 feet below surface."

This phase of the surface exploration program was a continuation of the ongoing exploration program defining near surface mineralization associated with the Amalgamated Break. The exploration area described herein is immediately east of the area outlined in the Company's news release dated June 18, 2013. The program was designed to test for gold mineralization down to 1,000 feet below surface.

The following are some of the highlights of the drilling program:

  • Drill hole AB-13-118 intersected Zone 1 and returned 5.54 opt uncut over 1.0 foot of core length (0.9 feet true width). This intersection is approximately 680 feet below surface and contained visible gold.

  • Drill hole AB-13-33 intersected Zone 1 and returned 0.67 ounces per ton (opt) over 5.0 feet of core length (4.2 feet true width). This hole also intersected Zone 2 and returned 1.22 opt over 1.0 foot of core length (0.8 feet true width).

  • Drill hole AB-13-62 intersected Zone 2 and returned 5.18 opt uncut over 1.1 feet of core length (1.1 feet true width). This intersection is approximately 450 feet below surface and contained visible gold.

  • Current drilling has successfully defined high grade gold mineralization on both Zone 1 and Zone 2 (previously discovered and described in the Company's new release dated June 18, 2013) down to approximately 800 feet below surface (See Figures 2 and 3). Previous drilling had only seen high grade gold values on these two zones above the 400 foot elevation.

  • This phase of drilling has intersected high grade gold values within Zone 1 and Zone 2 approximately 500 feet east of the previously defined limit.

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