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1 TSX:KGI A RICH HISTORY A Long and Profitable Future George Ogilvie, P.Eng - President & CEO Annual Meeting of Shareholders October 22, 2015 TSX:KGI 1 klgold.com

2 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 production and grade guidance for Stub Year 2015, and the financial years ended 2016, 2017 and 2018; the ability to bring more higher grade stopes online from the 5400 level and access to Second the 5600 level and level below, and the timing thereof; the exploration Second programs level and the results and timing thereof; and potential M&A transactions. Investors are cautioned that forward-looking statements are based on the opinions, assumptions Third and level estimates of management considered reasonable at the Third date the level statements are made such as, without limitation, opinion, assumptions and estimates of management regarding the Company s business, its ability to increase its production Fourth capacity level and decrease its production cost. Such opinions, Fourth assumptions level 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, and the Company s Management's Discussion and Analysis for the interim period ended July 31, 2015 filed with the securities regulatory authorities in certain provinces of Canada and available at Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forwardlooking 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:KGI 2 klgold.com

3 Produced 153,957 Ounces of Gold 26% increase over F2014 Operating Cash Flow of $78M F2015 Highlights Head Grade of 0.43 opt (14.7 g/t) 16% higher than guided grades AICC of C$1,327/Oz 189% increase over F % decrease over F2014 TSX:KGI 3 klgold.com

4 Produced 41,482 Ounces of Gold Record quarter of production SY2015_Q1 Highlights Operating Cash Flow of $14.9M Head Grade of 0.45 opt (15.1 g/t) 5% above guided grades for SY2015 AICC of C$1,234/Oz On track to meet guidance for SY2015 7% decrease over F2015 average TSX:KGI 4 klgold.com

5 Millions of Dollars (C$) C$/ Oz of Gold 27% $250.0 $219.9 $200.0 $150.0 $100.0 $78.2 $50.0 $27.1 $- Significantly Improved Financial Results $173.3 Revenue OPCF * FCF * F % F2015 NIL $30.7 $2,500 $1,986 $2,000 $1,754 2% $1,500 $1,327 $1,244 $1,000 $500 $ $1,385 $1,412 AICC AISC Avg. Price Sold * Operating Cash Flow ( OPCF), Free Cash Flow (FCF). 1 Free Cash Flow ( FCF ), AICC is per ounce of gold produce and AISC per ounce of gold sold are non-gaap measures. Please see MD&A for year ended April 30, 2015 for reconciliation of these non-gaap measures). Resulted in positive earnings for shareholders -33% F % F2015 Earnings Per Share Cash Flow Per Share $0.27 ($0.16) $1.07 $0.39 F2015 F2014 F2015 F2014 TSX:KGI 5 klgold.com

6 SY15_Q1 Financial Highlights All amounts in millions of Canadian Dollars except EPS, per ounce figures and where stated otherwise. SY2015_Q1 Guidance Revenues $61.7 $145 - $155 All-In Cash Costs 1 (per ounce produced) $1,234 $1,300 - $1,400 All-In Sustaining Costs 1 (per ounce sold) $1,193 $1,200 - $1,300 Net and Comprehensive Income (loss) $4.2 - EPS ($ per share) $ Average Realized Price (per ounce sold) $1,498 - Operating Cash Flow $14.9 $43 - $53 Free Cash Flow 1,2 $4.1 $2 - $5 1 All-in cash costs per ounce produced, all-in sustaining costs per ounce sold and free cash flow are non-gaap measures. Please see MD&A for year ended April 30, 2015 for reconciliation of these non-gaap measures). 2 Free cash flow is calculated by taking cash flow from operations, and deducting Capital Expenditures on the Mineral Properties as well as Property Plant & Equipment expenditures. TSX:KGI 6 klgold.com

7 Strengthened Financial Position Opening Cash Balance $80.3 M Closing Cash Balance $81.1 M Principal Amount of Convertible Debentures SY15_Q1 $119.5 M F2015 Click $38.9 to M edit Master $76.8 M text $80.3 styles M $38.9 M $121.5 M F2014 $126.5 M October 19, 2015 October 19, 2014 October 19, 2013 KGI.DB 6% Coupon Price - $97.0 YTM - 8.6% Price - $88.0 YTM % Price - $76.0 YTM % KGI.DB.A 7.5% Coupon Price - $95.0 YTM % Price - $92.0 YTM % Price - $72.5 YTM % Successful and well timed bought deal financing added $32.1 M in cash to the balance sheet in F2015. Initiated a Normal Course Issuer Bid in April 2015, to buy-back the convertible debentures trading at a discount to par. TSX:KGI 7 klgold.com

8 PRODUCTION 91,518 ounces to 153,957 Costs Savings Realized Over Past 9 Quarters Labour Rationalization Change from F2013 to F % ounces -17% 1,214 employees to 1,003 employees Click F2014 to edit Master F2015 Fiscal Year Head Count (YE)* Savings (in millions of C$) F2013 1,214 - F2014 1,021 $19.3 M F2015 1,003 $1.8 M SY15_Q1 988 $1.5 M MANPOWER LEVELS Total Savings *Peak manpower levels were 1,244 persons in December F2013 SY15_Q1 $25.6 M 0.89 tons/ person 0.94 tons/ person 1.00 ton/ person 1.10 tons/ person TSX:KGI 8 klgold.com

9 Robust Level of Reserves & Resources Resources are Exclusive of Reserves Based on current level of reserves and a conservative 70% conversion of M&I resources (@ 200,000 oz p.a), KGI has a 14 year mine life. Mineral Reserves (P&P) Includes the 04/ Main Break and SMC Property Wide 1.5 Moz s 2.6M 0.56 opt (19.2 g/t ) SMC 0.9 Moz s 1.5M 0.65 opt (22.3 g/t) Mineral Resources (M&I) Includes the 04/ Main Break, SMC, Near Surface and other 2.0 Moz s 4.2M 0.49 opt (16.8 g/t ) Breakout of SMC only 0.9 Moz s 1.4M 0.66 opt (22.6 g/t) Mineral Resources (Inferred) Includes the 04/ Main Break, SMC, Near Surface and other 1.2 Moz s 2.1M 0.56 opt (19.2 g/t) 0.9 Moz s 1.4M 0.65 opt (22.3 g/t) See Appendix for more disclosure on MRMR statement which is as of December 31, TSX:KGI 9 klgold.com

10 Grade g/t One of the Highest Grade Gold Mines In The World Select Group of Producing Assets with +1Moz s in Reserves 25.0 Reserve Grades Click to edit Master Mine Operator Location Macassa Mine Turquoise Ridge Gosowong Red Lake Moab Khotsong Mponeng Kupol/Dvoinoye Tau Tona Complex Gold Grade Reserves Reserve Update g/t Au Date Macassa Mine Complex Kirkland Lake Gold Canada (Ontario) Moz Dec/2014 Turquoise Ridge Barrick USA (Nevada) Moz Dec/2014 Gosowong Newcrest Indonesia Moz Dec/2014 Moab Khotsong AngloGold Ashanti South Africa Moz Dec/2014 Mponeng AngloGold Ashanti South Africa Moz Dec/2014 Red Lake Goldcorp Canada Moz Dec/2014 Kupol/Dvoinoye Kinross Russia Moz Dec/2014 TauTona AngloGold Ashanti South Africa Moz Dec/2014 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) TSX:KGI 10 klgold.com

11 Reserves (Moz Au) KGI Peer Group (Grade over Ounces) St Andrew Goldfields Third Lake Shore level Wesdome Claude Richmont KGI has 1.5 Moz s in reserves with grade well in excess of the median grade of 5.7 g/t. With just over 2 Moz s in M&I resources at an average grade of 16.8 g/t, KGI still sits in the upper right hand corner. Kirkland Lake 19.2 g/t Klondex 18.2 g/t Grade (g / t) Source Company Filings, Factset, street research Note Lakeshore metrics pro forma for Temex acquisition; Klondex grade and reserve ounces are gold equivalent calculations TSX:KGI 11 klgold.com

12 Gold Ounces Guided Head Grades 0.38/ / / / / / 15.8 (OPT/ GPT) 250, ,000 text 150,000styles 100,000 50,000 Growing Production Profile 0.33/ / / Actual Head Grades Achieved (OPT/ GPT) Oz Recovered Guidance SY Linear (Oz Recovered) April 30 th Fiscal Year End 8 Month Stub Year Calendar Year End The Stub Year (SY) 8 month period runs from May 1 December 31, 2015, with guidance of between 90, ,000 ounces with throughput between 1,000 to 1,070 stpd. 2016, 2017 and 2018 guidance based on stated head grade and average throughput of 1,130, 1,140 and 1,145 stpd respectively. TSX:KGI 12 klgold.com

13 Exploration Potential In A Historic Camp Currently mining and exploring on one of the five mine targets. Current Underground and Surface Drilling Targets: Three main areas currently being explored from surface and underground. Potential Regional Program: Regional exploration to test eastwards along strike. TSX:KGI 13 klgold.com

14 The SMC Continues To Grow Area s currently being mined Recent drilling has extended and confirmed the continuity of the SMC at depth and further to the east on the HM Claim. Will continue to drill from underground to find new mineralization, and in order to move mineralization from inferred into the measured and indicated categories for future resource and reserve expansion. See press release dated June 9, 2015 and October 20, 2015 TSX:KGI 14 klgold.com

15 SMC Drilling on the HM and South Claims SELECTED HIGHLIGHTS DH (NSZ) 67.9 g/ 5.0 metres 1.98 opt/ 16.7 feet DH (NSZ) 14.7 g/ 3.5 metres 0.43 opt/ 11.0 feet DH (NSZ) 16.5 g/t 2.7 metres 0.48 opt/ 9.0 feet DH (FWZ) g/ 2.6 metres opt/ 8.5 feet See press release dated October 20, 2015 TSX:KGI 15 klgold.com

16 Regional Targeting Program Confirmation drilling currently underway KGI Property Boundary 2,000 ft 4,000 ft 6,000 ft ,000 ft 1,000 metres 4,000 feet Initial results from our regional program do not appear to be Main Break related. Geophysics anomalies identified and follow-up targeting exercise completed. Confirmation drilling underway with a planned 22,556 metres (74,000 feet) drilling program. TSX:KGI 16 klgold.com

17 An Experienced Corporate Management Team George Ogilvie, P.Eng President & CEO (Director) John Thomson, CA EVP & CFO Chris Stewart, P.Eng VP Operations Suzette N Ramcharan, CPIR Director, Investor Relations Kevin Fearn, BA, CHRP, CHRL Director, Human Resources Recent Additions Jennifer Wagner, LL.B Corporate Legal Counsel +26 years experience +20 years experience +23 years experience +14 years experience +19 years experience +10 years experience Corporate securities lawyer with over a decade of experience in the mining sector. Acted as legal counsel and corporate secretary to various TSX and TSXV listed mining companies over an 8 year period. Has extensive experience advising companies on a variety of corporate commercial transactions, governance and compliance matters. Started her career at a prominent Canadian law firm in Toronto. Ms. Wagner received a Bachelor of Arts from McGill University and an LL.B. from the University of Windsor. Perry Ing, CA, CFA Chief Financial Officer Effective November 2, years experience Chartered Professional Accountant, Certified Public Accountant (Illinois), and a Chartered Financial Analyst Held positions with Goldcorp Inc., Barrick Gold Corporation and most recently has been in the position of CFO with McEwen Mining Inc. Started his accounting career with PricewaterhouseCoopers LLP where he spent 6 years in progressively senior roles and holds a Bachelor of Commerce degree with distinction from the University of Toronto. TSX:KGI 17 klgold.com

18 M&A Strategic Positioning Consolidation Landscape With Macassa as the cornerstone asset, KGI can now assess the consolidation landscape. Assets within Canada and/or 1 or 2 states in the USA. In production or near term production. Ability to be profitable and free cash flowing. Canada USA Canadian Shield Outline TSX:KGI 18 klgold.com

19 Checking All the Right Boxes Three new independent board members with diverse and credible experience Operational improvements resulted in achieving production guidance New leadership to steer the Company in the right direction Rationalized business to return to profitability Generated free cash flow over the past 5 quarters Successful bought deal financing to strengthen the balance sheet Click to edit reputation Master Delisted from the AIM market Change in financial reporting period and addition of AISC reporting metric Relocated CFO position to Toronto head office Enhanced governance levels Improved credibility and Eric Sprott appointed Chairman of the Board Positive earnings over past 5 quarters Reduced costs resulted in increased cash position Raised $32.1 MM in February 2015 Additional cost and efficiency savings Better visibility, inline with industry Centralized management team Commenced regional exploration program to foster future organic growth Assessing M&A to de-risk business and increase production in the near term Rebuilding a gold camp Consolidation within stable jurisdiction TSX:KGI 19 klgold.com

20 Strong Share Price Performance 2015 year to date KGI compared to the Gold Price (C$) and the GDXJ Index (C$) Kirkland Lake (TSX:KGI) Gold Price (C$ / oz) GDXJ Index (C$) 200% 190% 180% 170% 160% 150% 140% 130% 73% 120% 110% 100% 11% 4% 90% 80% Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 TSX:KGI 20 klgold.com

21 APPENDIX Notes, additional disclosure and other information TSX:KGI 21 klgold.com

22 Analyst Coverage Firm Analyst Firm Analyst GMP Dundee Securities CIBC World Markets Macquarie Capital Markets BMO Capital Markets M Partners Oliver Turner Mathew O Keefe Cosmos Chiu Ron Stewart Brian Quast Derek Macpherson Mirabaud Securities Richard Morgan Scotiabank Philip Ker PI Financial Pareto Securities National Bank Financial Clarus Securities Investec Bank Craig Johnston John McClintock Raj Ray Jamie Spratt 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. TSX:KGI 22 klgold.com

23 (000's) Reserve & Resource Estimates Resources are exclusive of Reserves Proven Probable Proven & Probable Zone Tons Grade Tonnes Grade Au Tons Grade Tonnes Grade Au Tons Grade Tonnes Grade Au (000's) opt g/t (000's) (000's) opt g/t (000's) opt g/t (000's) '04 & Main Break , South Mine Complex , , , MINERAL RESERVES - As at December 31, 2014 (000's) (000's) (000's) Macassa Mine Complex , , ,051 2, , ,463 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 Measured Indicated Measured & Indicated Zone Tons Grade Tonnes Grade Au Tons Grade Tonnes Grade Au Grade Grade Fourth Tons level Tonnes Au (000's) opt (000's) g/t (000's) (000's) opt (000's) g/t (000's) (000's) opt (000's) g/t (000's) 04 & Main Break , SMC , Near Surface Target Property Wide , , ,599 4, , ,047 Inferred Zone Grade Grade Au Tons (000's) Tonnes (000's) opt g/t (000's) 04 & Main Break SMC 1, , Near Surface Target 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). Property Wide 2, , ,777 TSX:KGI 23 klgold.com

24 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 , 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 ( 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 Click for Reserves and to Resources: edit Master 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, Third is 27% level at 0.02 opt, marginally up from an average of 24.0% the previous year. Third Long-hole level stopes are diluted by anywhere between % (mostly 50%). Cut and fill stopes are diluted by anywhere between 10-50%. 5. All higher grades are cut Fourth to 3.50 opt. Based level on a statistical analysis completed by Scott Wilson Roscoe Fourth Postle Associates level 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 Fifth opt), level Lower D North Footwall (4.80 opt), and the #7 and #7 HW Zones»(6.40 Fifth opt). Cut-off level 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 cutoff 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 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 feet). 7. A 94.2% tonnage recovery is used. Continuity of the veins appears very good. 8. The assumptions used include CAD$1, (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. TSX:KGI 24 klgold.com

25 TSX:KGI Suzette N Ramcharan, CPIR Director of Investor Relations Click to edit Master Mobile: sramcharan@klgold.com TSX:KGI 25 klgold.com