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1 The New Mid-Tier Gold Company VALUE & GROWTH FOCUSED ON GOLD Sales Desk Presentations Oct 18-21, 2016 Q3 PRODUCTION UPDATE & OVERVIEW OF PROPOSED TRANSACTION WITH NEWMARKET GOLD TSX:KLG 1 klgold.com

2 competitive text factors. styles Cautionary 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 Inc. ( Kirkland Lake Gold ) and Newmarket Gold Inc. ( Newmarket ) 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 regarding whether the proposed arrangement to acquire Newmarket (the Transaction ) will be consummated, including whether conditions to the consummation of the Transaction will be satisfied, or the timing for completing the Transaction, (ii) expectations for the effects of the Transaction or 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 Transaction, (iv) future production, cash costs, free cash flows, and operations, and (v) expectations for other economic, business, and/or Investors are cautioned that forward-looking information is not based on historical facts but instead reflect Kirkland Lake Gold s and Newmarket s respective 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 and Newmarket believe 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 to consummate the Transaction; the ability to obtain requisite regulatory and shareholder approvals and the satisfaction of other conditions to the consummation of the Transaction on the proposed terms and schedule; the ability of Kirkland Lake Gold and Newmarket to successfully integrate their respective operations and employees and realize synergies and Fourth cost savings level at the times, and to the extent, anticipated; the potential impact on exploration Fourth activities; the potential level impact of the announcement or consummation of the Transaction on relationships, including with regulatory bodies, employees, suppliers, customers and competitors; the re-rating potential following the consummation of the Transaction; 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 Fifth diversion level of management time on the Transaction. This forward-looking information may» be Fifth affected by level risks and uncertainties in the business of Kirkland Lake Gold and Newmarket and market conditions. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by Kirkland Lake Gold and Newmarket with the Canadian securities regulators, including Kirkland Lake Gold s and Newmarket s respective annual information form, 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 June 30, 2016 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 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 and Newmarket do 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. TSX:KLG 2 klgold.com

3 Q3/16 Operating Results 2016 Q3 and YTD Production Results Tonnes Milled Grade (g/t Au) Recovery (%) Production (Ounces) MACASSA MINE COMPLEX 1 100, ,866 Holt Mine 101, ,950 Holloway Mine 53, ,829 Taylor Mine 52, ,630 HOLT MINE COMPLEX 1 214, ,600 KL GOLD CONSOLIDATED PRODUCTION 314, , Production Breakdown by Quarter Q3/16 Q2/16 Q1/16 2 YTD/16 MACASSA MINE COMPLEX 42,866 38,929 41, ,849 HOLT MINE COMPLEX 34,408 29,409 21,221 85,037 KL GOLD CONSOLIDATED PRODUCTION 77,274 68,338 62, ,886 1 The Macassa Mill and the Holt Mill took advantage of spare milling capacity and processed low grade material from the Macassa Mine surface stockpiles (18,895 tonnes) and the Taylor and Hislop mine surface stockpiles ( 2,768 tonnes and 6,896 tonnes respectively). As the Hislop Mine is on care and maintenance, no ounces were counted towards production, as well the proceeds from processing the Hislop ore were applied against the care and maintenance costs and not included in revenue. 2 Q1/16 production does not include production from the Holt Mine Complex from January 2 to January 25, 2016, as the acquisition of St Andrew Goldfields Ltd., did not close until January 26, TSX:KLG 3 klgold.com

4 2016 Preliminary Operating Costs and AISC 2016 Results Table All figures are in C$ unless others stated Q3/16 2 Q2/16 Q1/16 3 YTD 2016 Gold Sales (Ounces) 76,339 72,144 69, ,792 Average Realized Price (US$/oz) 1 US$1,321 US$1,271 US$1,154 US$1,249 Average Realized Price (C$/oz) $1,724 $1,638 $1,584 $1,650 Based on Revenues of (C$ millions) $131.6 $118.1 $109.8 $359.5 Operating Costs (US$/oz sold) 1 US$540 US$667 US$569 US$587 Operating Costs ($/oz sold) $704 $860 $782 $781 Based on Operating Costs ($ millions) $53.7 $62.0 $54.2 $170.0 AISC (US$/oz sold) 1 US$966 US$990 US$861 US$939 AISC ($/oz sold) $1,260 $1,276 $1,182 $1,241 YTD 2016 Guidance Status Production (ounces) 207, , ,000 On Track AISC (US$/oz sold) US$939 US$1,000 US$1,050 Beat 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. 2 Q3/16 costs are preliminary in nature and are subject to change once the third quarter financial results for the three and nine month period ending September 30, 2016, are released (expected to be released after market on November 2, 2016.). TSX:KLG 4 klgold.com

5 CASH 1 DEBT C$119 million convertible debentures KGI.DB: 6% KGI.DB.A: 7.5% ROYALTY BUYBACK Current Financial Position C$ 226 million Cash & bullion $15.00 conversion price C$56.9MM mature Jun/2017 $13.70 conversion price C$62.1MM mature Dec/ % NSR Franco Nevada Corporation Before October 31, 2016, the Company intends to exercise its option to buy back 1% of the NSR royalty at a cost of US$36MM less any monies paid against the 1% (estimated to be ~US$30MM) 1 Cash includes bullion sold (the amount receivable for gold sold and recognized as revenue for which the cash has not yet been received), during the quarter the Company had $211.5 million in cash and $14.7 million as sold bullion. 2 As at August 1, Non-GAAP measures, refer to slide 2 Cautionary Language CAPITAL STRUCTURE 2 ISSUED SHARES Click Stock Options to edit Master FULLY DILUTED MARKET CAPITALIZATION million ~3.5 million ~120.9 million C$1.3 billion H1/2016 Financial Highlights $227.9M Revenue $170.6M Operating Cash Flow $57.3M Free Cash Flow 3 TSX:KLG 5 klgold.com

6 Q3/16 Operating Results Newmarket Gold Production Results Tonnes Milled Grade (g/t Au) Recovery (%) Production (Ounces) FOSTERVILLE GOLD MINE 185, ,967 COSMO GOLD MINE 138, ,677 STAWELL GOLD MINE 218, ,150 CONSOLIDATED PRODUCTION 542, , Production Q3/16 H1/16 YTD/16 FOSTERVILLE GOLD MINE 36,967 70, ,350 COSMO GOLD MINE 10,677 31,782 42,459 STAWELL GOLD MINE 8,150 17,083 25,233 CONSOLIDATED PRODUCTION 55, , ,041 Source: Public Company information (see Newmarket Gold press release dated October 13, 2016 on their website or under their profile on TSX:KLG 6 klgold.com

7 Combined Production for YTD , ,000 Click to edit Master for 2016 of 510,000 koz 400, , , ,000 0 Combined YTD Production of 382,847 ounces Mid-point of combined guidance 207, ,041 Combined Production NMI Consolidated KLG Consolidated Guidance 400,000 Click 350,000 to combined edit grade Master of 8.9 g/t Au 300,000 Mid-point of combined 250, , , ,000 50,000 0 Production Anchored by 3 High Quality Assets 258,978 ounces of production with a Macassa Taylor Fosterville Guidance guidance of 330 koz YTD 2016 combined production from Macassa 1, Taylor 1 and Fosterville mines Source: Public Company information (see Newmarket Gold press release dated October 13, 2016 available on the corporate website or under the company profile on and Kirkland Lake Gold press release dated October 12, 2016, available on the corporate website or under the company profile on 1 Production from Macassa and Taylor does not include low grade material processed during Q2/16 and Q3/16 TSX:KLG 7 klgold.com

8 TRANSACTION OVERVIEW KLG & NMI Business Combination TSX:KLG 8 klgold.com

9 Setting the Standard The New Mid-Tier Underground Miner A new low cost, mid-tier gold producer Combined 2016E 1 gold production of +500 kozs with cash costs <US$650/oz and AISC <US$1,015/oz AISC <US$800/oz Production underpinned by high-quality assets Macassa, Fosterville and Taylor mines will produce +330koz, at cash costs of <US$600/oz and Diversified portfolio of gold assets with 7 mines and 5 mills Second Located in low-risk, level Tier 1 jurisdictions in Canada and Australia A solid pipeline of high quality projects with significant exploration upside Strong financial position with increased opportunities for growth Combined company will have +C$275 million in cash Significant combined» Fifth free level cash flow generation of +C$200 million annually Commitment to exploration across prolific mining districts Well positioned for sustainable growth in district-scale property positions in established gold camps in Australia and Canada Combined synergies further enhance abilities of 2 already profitable entities Synergies only create further value creation possibilities for two autonomous business units that are profitable and free cash flowing Strong re-rating potential for combined company combined production is based on mid-point of company guidance for Kirkland Lake and Newmarket. Refer to Slide 2 Forward Looking Information. Refer to Slide 2 Use of Non-GAAP Measures. TSX:KLG 9 klgold.com

10 Creation of a High Quality Mid-Tier Gold Producer Combined Gold Production (koz) Production (koz AuEq) IAMGOLD Click Hecla to edit Master 576 Detour 535 Pro Forma OceanaGold Silver Standard Alamos New Gold Torex Kirkland Lake Newmarket Primero Alacer Guidance Guyana Klondex Kirkland Lake Newmarket Richmont Source: 2016 combined production is based on midpoint of company guidance. 2 Source: Company guidance (midpoint); adjusted to gold equivalency where relevant. Refer to Slide 2 Forward Looking Information. TSX:KLG 10 klgold.com

11 3 Cornerstone High Grade, Low Cost Assets Production & cash flow anchored by three high grade, low cost operations: MACASSA MINE COMPLEX, FOSTERVILLE MINE and the TAYLOR MINE account for 65% of pro-forma production and have the opportunity to generate significant free cash flow. Macassa Mine Complex Fosterville Mine Third Taylor level Mine Consolidated Reserve Grades (g/t Au) 19.2 g/t 7.0 g/t 6.3 g/t 13.7 g/t 165koz 135koz 40koz > 330koz 2016E Production (mid-point of guidance) Cash Costs (US$/Oz Sold) H1/16A AISC (US$/Oz Sold) H1/16A US$600 US$475 US$460 < US$600 US$900 US$775 US$640 < US$800 Source: Company Guidance. Refer to Slide 31 NI Disclosure. Refer to slide 2 Cautionary Language use of Non-GAAP measures.. TSX:KLG 11 klgold.com

12 Quality Assets In Two Prolific, Mining Friendly Regions Macassa Mine Complex H1/16 Production 79.9 koz Au Fosterville Gold Mine H1/16 Production 70.4 koz Au H1/16 Grade 13.6 g/t Au 2,000 tpd 1.5 Moz (19.2 g/t Au) Macassa Mill Reserves & Resources (operating assets only) Total P&P Reserves (Macassa Mine Complex) Measured & Indicated (Macassa Mine Complex) Second 1.1 Moz level (20.2 g/t Au) Inferred (Macassa Mine Complex) Holt Mine Complex H1/16 Production 50.6 koz Au H1/16 Grade 5.1 g/t Au Holt Mill 3,000 tpd Resources & Reserves (operating assets only) Total P&P 1.8 Moz (17.4 g/t Au) 0.8 Moz (5.1 g/t Au) CANADA Macassa Mine Complex Cosmo / Union Reefs Mill Total P&P Measured & Indicated text Holt Mine styles Complex H1/16 Grade 7.4 g/t Au Mill 2,400 tpd Resources & Reserves (operating assets only) Inferred 244 koz (7.0 g/t Au) 2.1 Moz (4.4 g/t Au) 665 koz (4.1 g/t Au) Cosmo Mine / Union Reefs Mill H1/16 Production 31.8 koz Au H1/16 Grade 3.1 g/t Au 5,000 tpd Resources & Reserves (operating assets only) Total P&P Measured & Indicated Inferred 101 koz (3.4 g/t Au) 480 koz (3.2 g/t Au) 60 koz (2.8 g/t Au) Holt Mine 591 koz (4.8 g/t Au) Stawell Taylor Mine Holloway Mine Measured & Indicated Inferred 156 koz (6.3 g/t Au) 40 koz (5.4 g/t Au) 1.4 Moz (4.1 g/t Au) 1.8 Moz (4.6 g/t Au) AUSTRALIA H1/16 Production 17.1 koz Au H1/16 Grade 1.5 g/t Au Mill 1,000 tpd Resources & Reserves (operating assets only) Stawell Fosterville Total P&P Measured & Indicated 28 koz (2.5 g/t Au) 80 koz (3.4 g/t Au) Inferred 116 koz (3.2 g/t Au) Newmarket Resources are inclusive of Reserves, Kirkland Lake Gold Resources are exclusive of Reserves. Refer to Slide 31 NI Disclosure. TSX:KLG 12 klgold.com

13 Strong Financial Position Net Debt (Cash) / Market Capitalization (1,2) CASH 2 C$334 million Kirkland Lake (Pro-Forma) Northern Star (12.6%) Richmont Second Klondex level Regis Alamos (13.0%) (9.2%) (2.7%) (1.9%) 2.1% Guyana 3.2% DEBT C$119 million Click convertible to edit debentures Master KLG.DB: 6% $15.00 conversion price C$56.9 million mature Jun/2017 KLG.DB.A: 7.5% $13.70 conversion price C$62.1 million mature Dec/2017 Combined Free Cash Flow 3 Profile (C$ millions; H1 2016) $92 OceanaGold 6.9% $35 Detour 7.7% Torex New Gold 20.7% 28.0% $57 $57 $35 Kirkland Lake Newmarket Combined H Source: Company filings and Capital IQ at September 28, Pro forma cash balance combines Kirkland Lake Gold and Newmarket Q3 cash balances of $226 million and $108 million, respectively 3 Refer to Slide 2 Use of Non-GAAP Measures. TSX:KLG 13 klgold.com

14 Diversified Portfolio of High Quality Assets Diversified Production from Seven Mines and Five Mills Strong Pipeline of Growth Projects Macassa: Cornerstone, high-grade operation (average reserve grade of 19.2 g/t) Fosterville: Flagship operation continuing to demonstrate record production and record grades production profile 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 Significant Exploration Potential Holt Mine Complex (Zone 7): Planned production in 2018 will provide >25kozs per year to the Holt Mine 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 Refer to Reserve and Resource Statements in Appendix of this presentation. Refer to Slide 31 NI Disclosure. 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 TSX:KLG 14 klgold.com

15 Combined Synergies High quality under ground gold mines o Combined expertise in underground mining provides potential for cost reductions due to shared operational expertise Top combined mining jurisdictions o Australia is the second largest gold producing nation in the world o Similar geopolitics and foreign exchange metrics Combined strong balance sheet and free cash flow will allow new company to withstand fluctuating gold prices o Combined FCF provides Third self-funding level mechanism for pipeline of development opportunities o Increased exploration funding to accelerate new discovery potential in district scale land positions Supported by enhanced Board of Directors and Management team o Addition of technical expertise at the board level o Two business units can run autonomously o Darren Hall will assume the role President, Australian Operations Increased scale and capital markets profile o Access to larger institutional shareholder base o Potential to increase analyst coverage o Enhanced trading liquidity TSX:KLG 15 klgold.com

16 Increased Scale and Capital Markets Profile Market Capitalization (C$Bn) 1 EV / Production (US$/oz) 1 Price / 2017E Cash Flow 1 Detour New Click Gold to edit $3.0 Master Alamos $2.9 Northern Star OceanaGold Torex Pro Forma Regis Guyana Kirkland Lake $2.9 $2.5 $2.5 $5.1 $2.4 $2.0 $1.4 $1.3 Guyana Detour New Gold Klondex Alamos Torex Richmont Regis OceanaGold $7,388 Richmont Click $7,275 to edit Master Alamos text $6,905 styles Detour Second Torex level $6,756 $5,876 $5,778 $5,677 $4,630 $4,164 Third Guyana level Regis Klondex New Gold Northern Star 9.4x 9.4x 8.8x 8.6x 8.5x 7.1x 6.9x 6.6x 11.8x Klondex $1.3 Northern Star $3,849 Kirkland Lake 6.1x Richmont $0.9 Kirkland Lake Gold (PF) $2,922 OceanaGold 4.6x 1 Source: Company filings and Capital IQ at September 28, EvVProduction and Cash Flow metrics are broker consensus as per Capital IQ. Refer to Slide 2 Forward Looking Information. TSX:KLG 16 klgold.com

17 $13.35 Current Price Implied Premium to Current $9.95 Current $2,992/oz Price 2016 Production Implied Premium to Current Value Creation Possibility $4,000/oz +21% EV / 2016E Production +66% +98% +129% $5,000/oz P / 2017E Cash Flow per Share $22.83 Click $19.67 to edit $7,000/oz +45% +69% +93% Current Price $9.95 $12.03 $14.43 $16.84 $19.24 Current 4.1x Price CFPS 8.0x Kirkland Lake Gold shown pro forma announced Newmarket combination; NAVPS and CFPS estimates as per available research of brokers disclosing estimates for the combined company. TSX:KLG 17 klgold.com

18 Click to edit Pro Master Forma Pro Forma Vs Immediate Peers 2016 H1 Production, Cost, and Free Cash Flow versus Peers Market Capitalization C$Bn $2,4 $5.1 $5.5 $3.6 $3.0 $2.4 Enterprise Value C$Bn $2.2 $5.4 $5.3 $3.8 $3.0 $2.8 Jan 1 - Jun 30 (H1) 2016 Production koz AuEq Cash Cost US$/oz $662 $664 $491 $497 $778 $571 AISC US$/oz $924 $925 $689 $801 $1,012 $754 Operating Cash Flow C$M $146 $161 $200 $157 $89 $53 Free Cash Flow C$M $92 $85 $121 ($73) ($30) $7 Annualized FCF Yield % 7.8% 3.3% 4.4% (4.0%) (2.0%) 0.5% Annualized Multiples P / 2016 OCF ratio 8.0x 15.9x 13.7x 11.5x 16.6x 22.6x EV / 2016 Production C$/oz $4,402 $10,148 $7,801 $7,195 $7,930 $11,497 As at September 28, 2016 OCF and FCF are shown prior to changes in net working capital, debt repayment and dividends TSX:KLG 18 klgold.com

19 Kirkland Lake Gold Camp Toburn years The Kirkland Lake gold camp has been in production for over 100 One of the highest grade gold camps in the world Almost 25 Moz s has been produced to date, from seven mines KLG 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 TSX:KLG 19 klgold.com

20 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 text grinding styles to 40 to 45 micron Macassa Mine Complex Overview 2,000tpd processing capacity (50% unused) Conventional CIP milling facility with 4 available mills Recoveries averaging over 95% P&P reserves of 1.5 Moz at 19.2 g/t, M&I of 1.8 Moz at 17.4 g/t and Inferred Resources of 1.1M oz at 20.2 g/t #3 Shaft #2 Shaft Gold Production (oz) Click to edit Master 155, , Second CY2015 level YTD2016 Prior to 2016 the Company s year end was May 1 to April 30 Cash Costs (US$/oz) Mid-point of F2016 Guidance F2014A F2015A H12016A $812 $625 $589 AISC (US$/oz) $1,141 $803 $923 Reserves & Resources (Dec. 31, 2014) 1 Resources are exclusive of Reserves. Refer to Reserve and Resource Statements in Appendix of this presentation. Refer to Slide 31 NI Disclosure. Refer to Slide 2 Use of Non-GAAP Measures. 1 Adjusted to reflect calendar-year production and grade. TSX:KLG 20 klgold.com

21 Fully developed and currently in production 5300 Level 6 stopes in production 5025 Level P+P 28, oz/ton 14,000 Oz s M+I 74, oz/ton 32,000 Oz s Currently in development, while ramp towards 5700 Level continues South Mine Complex by Level P+P 561, oz/ton 261,000 Oz s M+I 245, oz/ton 107,000 Oz s 5400 Level P+P 370, oz/ton 226,000 Oz s M+I 174, oz/ton 72,000 Oz s 5600 Level P+P 239, oz/ton 183,000 Oz s M+I 186, oz/ton 117,000 Oz s 5700 Level P+P 202, oz/ton 208,000 Oz s M+I 164, oz/ton 96,000 Oz s OPEN 5800 to 6600 Level P+P 50, oz/ton 41,000 Oz s M+I 551, oz/ton 499,000 Oz s OPEN OPEN *Drawing not to scale Refer to slide 2 Cautionary Language, for Non-GAAP Measures. TSX:KLG 21 klgold.com

22 Regional Exploration Across a Prolific Trend Kirkland Minerals See press release dated January 19, 2016, as filed on SEDAR TSX:KLG 22 klgold.com

23 Regional Drilling Section Looking East SELECTED HIGHLIGHTS AB AB AB g/ 0.3 metres 0.34 opt/ 1.0 feet 3,241.4 g/ 0.7 metres opt/ 2.3 feet 11.7 g/ 0.3 metres 0.34 opt/ 1.0 feet 12.3 g/ 0.5 metres 0.36 opt/ 1.7 feet AB g/ 0.9 metres opt/ 2.8 feet including 1,783.2 g/ 0.3 metres 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 TSX:KLG 23 klgold.com

24 PDFZ Properties N Blackfox Mine & Greyfox Deposit (Primero Mining) Fenn-Gibb Deposit (Tahoe Resources) Garrison text Ludgate styles Creek Aquarius Hislop 120km Holt, Holloway, Taylor Hislop Ludgate, Aquarius Garrison Creek HOLT MINE COMPLEX (Producing Assets) Care & Maintenance Exploration Targets with existing resources Exploration Target 120km strike of contiguous land straddling the Porcupine-Destor Fault Zone TSX:KLG 24 klgold.com

25 Three producing mines (Holt, Holloway and Taylor) contribute ~2,200tpd Holt contributes ~1,200tpd Holloway contributes ~450tpd Taylor contributes ~ 550tpd text 3 mill grinding styles circuit 3,000tpd processing capacity (30% unused) Conventional CIL milling facility 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 Holt Mine Complex Overview Gold Production (oz) 115,000 Click to edit 107,733 Master 90,676 57,818 Gold Production (oz) 2014A 2015A 2016H1 Mine Overview Stats Mid-Point 2016FY Guidance 2014A 2015A H , ,733 57,818 Mill Head Grade (g/t Au) Gold Grade (g/t) Cash Costs (US$/oz) $851 $698 $750 AISC (US$/oz) $1,072 $942 $ A Resources are exclusive of Reserves. Refer to Reserve and Resource Statements in Appendix of this presentation. Refer to Slide 31 NI Disclosure. Refer to Slide 2 Use of Non-GAAP Measures. TSX:KLG 25 klgold.com

26 A New Mine With Great Potential Taylor Historical Production & Grade (g/t) by quarter g/t View looking north 7, g/t 7.1 g/t 11,408 11,630 Q1/16 Q2/16 Q3/16 Series2 Series1 All production prior to January 26,2016 not attributable to KL Gold as acquisition of St Andrew did not close until this date. Zone Reserves & Resources (Dec. 31, 2014) P&P Reserves 156 koz s 239 koz s WPZ 6.3 g/t Au 4.6 g/t Au koz s Shoot Zone 5.2 g/t Au Shaft Zone M&I Resources St Andrew declared commercial production at Taylor in November 2015 Estimated annual production of between 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 Excellent potential for exploration success with planned drilling Inferred Resources 222 koz s 4.0 g/t Au 3 koz s 5.2 g/t Au koz s 5.0 g/t Au surface Shoot Zone 500m Bourgois Claim Bulk Sample # Lens Lens 100m 150m 250m Underexplored Area Lens Lens 350m 1004 Lens Resources are exclusive of Reserves. See Reserve and Resource Statements in Appendix of this presentation and refer to Slide 31 NI Disclosure. OPEN Bulk Sample #2 TSX:KLG 26 klgold.com

27 Taylor Planned Drilling Plan View TSX:KLG 27 klgold.com

28 Holt-Holloway Exploration Potential Click to edit Holloway Master West (Harker) Lightval Lightning Blacktop Smoke Deep Canamx Holloway Property Deep Thunder Zone 6 Holt Property Ghost Zone 4 Tousignant TSX:KLG 28 klgold.com

29 Holt Exploration Targets Long section view looking north Tousignant Deposit TOUSIGNANT Click TARGET to edit Master Zone 4 West Extension Zone 4 ZONE 4 TARGET Mattawasaga Pits Surface GHOST TARGET 435m Level 925m Level Zone m Level Current drift development 2 km 1 km 500 m 0 3 km 1 km 1.5 km Ghost Zone P&P Reserves M&I Resources Inferred Resources Holt Mine (All Zones) Zone 4 (includes Zone 4 East) 591 koz 4.8 g/t Au 201 koz 4.3 g/t Au 957 koz 3.9 g/t Au 544 koz 4.0 g/t Au Zone 4 West Extension - - Zone 6 Ghost Zone 147 koz 6.0 g/t Au 152 koz 4.5 g/t Au 48 koz 7.6 g/t Au 159 koz 3.4 g/t Au 1.2 Moz 4.7 g/t Au 23 koz 4.0 g/t Au 861 koz Au 28 koz 7.9 g/t Au 92 koz 3.7 g.t Au TSX:KLG 29 klgold.com

30 Long section view looking north HOLLOWAY NORTH TARGET Shaft Bottom (867m) Holloway Exploration Targets Surface SMOKE DEEP (up-dip) & BLACKTOP (west extension) TARGET SMOKE DEEP TARGET (down plunge) 500 m 1 km 3 km P&P Reserves M&I Resources Inferred Resources DEEP THUNDER TARGET (along strike) Holloway Mine (All Zones) Smoke Deep Zone Blacktop Zone 40 koz 5.4 g/t Au 24 koz 5.3 g/t Au 16 koz 5.5 g/t Au Middle Zone - Deep Thunder/ Canamax 117 koz 4.6 g/t Au N/A N/A 24 koz 4.2 g/t Au koz 4.9 g/t Au N/A N/A N/A 350 koz 4.9 g/t Au TSX:KLG 30 klgold.com

31 High-Quality, High-Grade Asset Base Fosterville Historical Production & Grade (g/t) by calendar year text 4.6 styles Ounces Fourth level Mid-point of F2016 Guidance , ,095 70,383 CY2014A CY2015A H1/2016A Grade (g/t) Reserves & Resources (Dec. 31, 2015) Current Mining Front at Lower Phoenix Current mining faces in the Lower Phoenix zone contain 673koz at 8.3g/t (M&I) and 101koz at 9.5g/t (Inferred) Measured & Indicated Classification Inferred Tonnes (kt) Grade (g/t) Gold (koz) Tonnes (kt) Grade (g/t) Gold (koz) Allwood Eagle East Dippers Lower Phoenix Lower Phoenix FW Phoenix Total Current Mining Front 2, Mine Overview Stats Mineral Reserves (P&P) Mineral Resources (M&I) Mineral Resources (Inferred) Fosterville Gold Mine g/t 1.1M tonnes g/t 15.0M tonnes g/t 5.1M tonnes Gold Production (oz) 2014A 2015A H , ,095 70,383 Gold Grade (g/t) Recovery (%) Cash Costs (US$/oz) $737 $516 $456 AISC (US$/oz) $1,186 $837 $732 Resources are inclusive of Reserves. See Reserve and Resource Statements in Appendix of this presentation and refer to Slide 31 NI Disclosure. TSX:KLG 31 klgold.com

32 Fosterville Discovery / Exploration Success 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 Low Phoenix South and North: g/t Au over 4.5m, 13.4 g/t Au over 3.8m, 12.5 g/t Au over 2.4m, and 7.3 g/t Au over 13.9m New High Grade Visual Gold intercepts Harrier Gold Zone; 64.8 g/t Au over 4.3m, 46.2 g/t Au over 6.6m Drill hole intercepts are Estimated True Width. Refer to Reserve and Resource Statements in Appendix of this presentation and refer to Slide 31 NI Disclosure. Refer to Slide 2 Cautionary Language. TSX:KLG 32 klgold.com

33 Cosmo Mine Overview Located in the Northern Territories which also hosts additional camps including Union Reefs, Maud Creek, and Howley employing Click primarily to Avoca edit mining Master method ~800ktpa underground operation with decline access 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 Third Resources level 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» Fifth 4.29 level 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 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 Gold Production (oz) 77,740 Click to edit 63,255 Master 60,000 31,782 Gold Production (oz) 2014A 2015A 2016H1 Mine Overview Stats 2016FY Guidance 2014A 2015A H ,740 63,255 31,782 Gold Grade (g/t) Recovery (%) Cash Costs (US$/oz) $1,000 $917 $957 AISC (US$/oz) $1,263 $1,154 $1,021 Resources are inclusive of Reserves. Refer to Reserve and Resource Statements in Appendix of this presentation. Refer to Slide 31 NI Disclosure. Refer to Slide 2 Forward Looking Information. Refer to Slide 2 Use of Non-GAAP Measures. TSX:KLG 33 klgold.com

34 Cosmo Mine Discovery Success Four diamond drill rigs operating during Q Mine Portal Cosmo Pit New Discovery Redbelly Gold Zone 5.18 Second g/t Au over 8.75m level Highlight intercepts: 4.29 g/t Au over 11.8m Fourth Sliver Gold level Zone Highlight intercepts: 8.76 g/t Au over 7.55m 3.61 g/t Au over 14.4m New Discovery Taipan Gold Zone open Highlight intercepts: 6.23 g/t Au over 21.45m including, g/t Au over 10.15m open Note: For further information on drill results see Newmarket Gold s press release dated August 22, 2016 located at TSX:KLG 34 klgold.com

35 Maud Creek Project Opportunity Base Case Highlights Utilizing Union Reefs Mill (AUD$1,550) gold price and AUD:USD 0.77 Pre-Tax NPV5% IRR (Pre-tax) 116% Based on May 2016 Amended PEA using US$1,200/oz After-Tax NPV5% US$155 million US$105 million Internal Rate of Return (After-tax) 80% Pay Back Pre-Production Capital Cost Mine Life Diluted Gold Grade 1.25 years US$32 million 9.5 years 4.2 g/t gold 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 Gold Recovery (Oxide/Transitional) 85% Gold Recovery (sulphide) 95% LOM Recovered Gold Average Annual Production LOM Cash Operating Cost 496,000 ounces 52,000 ounces US$632 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 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 Mineral resources that are not mineral reserves do not have demonstrated economic viability. For full details please see press release dated May 16, Refer to Slide 2 Forward Looking Information. TSX:KLG 35 klgold.com

36 Stawell Mine Overview Underground operation with decline access employing open stoping with either CRF or combinations of CRF and rock fill or all rock fill with pillars Click surface oxides to stockpiles edit Master Current mining fronts comprised of Magdala and 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 Gold Production (oz) 39,230 36,321 35,000 17,083 Gold Production (oz) Q Q Q Mine Overview Stats 2016FY Guidance 2014A 2015A H ,230 36,321 17,083 Gold Grade (g/t) Recovery (%) Cash Costs (US$/oz) $1,151 $917 $1,143 AISC (US$/oz) $1,193 $1,063 $1,264 Resources are inclusive of Reserves. Refer to Reserve and Resource Statements in Appendix of this presentation. Refer to Slide 31 NI Disclosure. Refer to Slide 2 Forward Looking Information. Refer to Slide 2 Use of Non-GAAP Measures. TSX:KLG 36 klgold.com

37 Stawell Mine Aurora B Discovery Traditionally mined West Flank total production to date 2.3 million ounces Two diamond drill rigs active on the east flank Magdala 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 Aurora B located approximately 500m above Aurora A East Flank Target Aurora A 13.7 g/t gold over 5.4 m TSX:KLG 37 klgold.com

38 Pro Forma Company Leadership Management Team Board of Directors Click to Anthony edit (Tony) Master Makuch President & CEO Third Darren Hall level President, Australian Operations Keyvan Salehi Vice President, Corporate Development and Technical Services Eric Sprott Non-Executive Chairman Anthony (Tony) Makuch Director Pamela Klessig Non-Executive Director Barry Olson Non-Executive Director Jeffrey Parr Non-Executive Director Ray Threlkeld Non-Executive Director Maryse Belanger Non-Executive Director Jon Gill Non-Executive Director Perry Ing Chief Financial Officer Arnold Klassen Non-Executive Director Indicates new member of management team or Board of Directors TSX:KLG 38 klgold.com

39 A New Mid-Tier Gold Producer Macassa Mine Complex 2016E Production of +500 koz 1 Pro Forma 2016 AISC of <US$1,015 1 ~C$275M in Cash & Equivalents Moz of P&P Taylor Mine Fosterville Mine Generated C$92M in Free Cash Flow H Combined 2016 Exploration Program C$40M 1 Refer to Slide 2 Cautionary Language. All combined guidance metrics assume the mid-point of guidance. Combined Pro-Forma cash balance includes cash from Newmarket of US$69.9 million converted at 1.31 CAD/USD. 2 Refer to Reserve and Resource Statements in Appendix of this presentation. Refer to Slide 31 NI Disclosure. TSX:KLG 39 klgold.com

40 APPENDIX Notes, additional disclosure and other information TSX:KLG 40 klgold.com

41 Proposed Transaction Click to Newmarket edit Master Consideration and Structure Conditions Governance Transaction Summary Kirkland Lake Gold Inc. ( Kirkland Lake Gold ) will combine with Newmarket Gold Inc. ( Newmarket ) via a Plan of Arrangement Combined entity market capitalization of approximately C$2.4 billion Pro forma ownership of 57% Kirkland Lake Gold and 43% Newmarket on a fully-diluted in-the-money basis Existing shareholders of Newmarket will receive of a post consolidation share for every 1 pre-consolidation share of Implies consideration of C$5.28 per Newmarket common share based on the closing price of Kirkland Lake Gold common shares on the Toronto Stock Exchange ( TSX ) on September 28, 2016 Premium of 9.4% based on the closing share price of Newmarket on September 28, 2016 and a premium of 29.1% based on each company s 20-day volume weighted average price on the TSX on September 28, ⅔ percent shareholder approval required for Kirkland Lake Gold Also require approval of a simple majority of disinterested shareholders voting at special shareholders meeting Simple majority shareholder approval required for Newmarket to effect the proposed transaction Customary regulatory and court approvals and customary representations and warranties Board constituted with 8 nominees appointed by Kirkland and 2 appointed by Newmarket Newmarket appointed directors Ray Threlkeld and Maryse Belanger will join the board of Kirkland Lake Gold Newmarket s Darren Hall to join Kirkland Lake Gold as President, Australian Operations Other Unanimous support of the Board of Directors of Kirkland Lake Gold with Eric Sprott recusing himself and unanimous support of the Board of Directors of Newmarket Customary non-solicitation covenants, subject to normal fiduciary outs in the event of a superior proposal Termination fee of $42.5 million payable to Kirkland Lake Gold in certain circumstances and $55.0 million termination fee payable to Newmarket in certain circumstances Board, management as well as key shareholders of Kirkland Lake Gold and Newmarket totaling 6.8% and 21.1%, respectively, have entered into voting support agreements Timing Mailing of meeting materials in mid October 2016 Shareholder meetings in November 2016, with closing expected in Q4/16 TSX:KLG 41 klgold.com

42 Pro Forma Capitalization Summary Pro Forma 1 Share Price (TSX) C$ Basic text Shares styles M Outstanding Fully Diluted Shares Outstanding (ITM) Fully Diluted Market Capitalization (ITM) Cash & Short-Term Investments M Fourth C$ M level C$ M $ $1,339 $184 $4.83 $11.12 text styles $ $2,353 $92 $276 Debt C$ M $119 $4 $123 Enterprise Value C$ Bn $1.3 $0.8 $2.2 Source: Company disclosure. Note: Newmarket balance sheet metrics converted at 1.31 CAD/USD. 1 Pro Forma figures calculated based on exchange ratio of Newmarket shares per Kirkland Lake Gold share and concurrent share consolidation of post-consolidation share for each existing share, subject to the approval of the Newmarket shareholders. Cash & Short-Term Investments does not include proceeds from the exercise of in-the-money options or the impact of transaction costs. TSX:KLG 42 klgold.com

43 Settle Analysis Case Studies Silver Standard Claude (March 2016) Kirkland Lake St Andrew Goldfields (November 2015) Click to Silver edit StandardMaster GDXJ 140% 120% 100% 80% 60% 40% 20% 0% (20%) (40%) Announcement Date: March 7 th, 2016 Days to recover from settle: 53 Transaction Close Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Kirkland Lake GDXJ 120% 100% 80% 60% 40% 20% 0% (20%) Announcement Date: November 16 th, 2015 Days to recover from settle: 40 Transaction Close Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 1-Day Settle: (12%) 1-Day Settle: (11%) Considerable share price settle on announcement, however acquiror's share price eventually recovers once market fully appreciates the strategic merits of the transaction Source: Company filings and FactSet. TSX:KLG 43 klgold.com

44 Firm Analyst Coverage KIRKLAND LAKE GOLD NEWMARKET GOLD Analyst Firm Analyst GMP Dundee Securities Ron Stewart CIBC World Markets Cosmos Chiu Macquarie Capital Markets BMO Capital Markets M Partners Mirabaud Securities Scotiabank PI Financial Oliver Turner Michael Siperco Brian Quast Stuart McDougall Richard Morgan Craig Johnston Philip Ker National Bank Financial Raj Ray Clarus Securities Jamie Spratt Investec Bank Hunter Hillcoat Beacon Securities Limited BMO Click to edit Brian Master Quast Cormark Securities Kyle McPhee Michael Curran Laurentian Bank Securities Pierre Vaillancourt Raymond James RBC Capital Markets Rodman & Renshaw GMP Securities PI Financial M Partners National Bank Financial Chris Thompson Stephen D. Walker Fourth Heiko level Ihle» Fifth George level Albino Phil Ker Andrew Mikitchook Adam Melnyk Pareto Securities John McClintock KIRKLAND LAKE GOLD and NEWMARKET GOKD ARE 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. TSX:KLG 44 klgold.com

45 Kirkland Lake Mineral Reserve Estimates Resources are exclusive of Reserves As at December 31, 2014 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 , South Mine Complex (SMC) , , MACASSA MINE COMPLEX , ,051 2, ,463 Property Wide Targets Kirkland Lake Properties , ,051 2, ,463 Holt Mine 1, , , Holloway Mine Taylor Mine HOLT MINE COMPLEX 1, , , Hislop Mine PDFZ Properties 1, , , TOTAL RESOURCES (Company Wide) 2, , ,685 7, ,296 Refer to Slide 31 NI Disclosure. TSX:KLG 45 klgold.com

46 Kirkland Lake Mineral Resource Estimates 310 Resources are exclusive of Reserves As at December 31, 2014 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 , , South Mine Complex (SMC) , , , MACASSA MINE COMPLEX , ,400 3, ,842 1, ,077 Property Wide Targets Kirkland Lake Properties 1, , ,599 3, ,047 1, ,177 Holt 3, , , , ,181 Holloway , Taylor , , , HOLT MINE COMPLEX 4, , , ,430 12, ,827 Hislop Aquarius , , N/A Ludgate , Canamax Clavos (40%) PDFZ Properties 4, , ,149 35, ,668 14, ,152 TOTAL RESERVES (Company Wide) 5, , ,748 39, ,715 16, ,329 Refer to Slide 31 NI Disclosure. TSX:KLG 46 klgold.com

47 Newmarket Gold Mineral Reserve Estimates Resources are inclusive of Reserves As at December 31, 2015 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 , Fosterville Tailings Stawell UG Stawell OP , , Cosmo Burnside Union Reefs (OP+UG) Pine Creek , , Maud Creek TOTAL RESERVES (Company Wide) 1, , , Refer to Slide 31 NI Disclosure. TSX:KLG 47 klgold.com

48 Newmarket Gold Mineral Resource Estimates Resources are inclusive of Reserves As at December 31, 2015 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, , ,904 15, ,122 5, Fosterville Tailings Stawell UG , Stawell OP , , Cosmo 1, , , Burnside , , , Union Reefs (OP+UG) , , , Pine Creek , , , Maud Creek 1, , , , TOTAL RESOURCES (Company Wide) 5, , ,939 50, ,691 21, ,751 Refer to Slide 31 NI Disclosure. TSX:KLG 48 klgold.com

49 Kirkland Lake Gold Qualified Person and QA/QC NI Disclosure 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 Standards of Disclosure for Mineral Projects ( NI ) and were prepared, reviewed, verified and compiled by Kirkland Lake Gold s mining staff under the supervision of Keyvan Salehi, P. Eng., Kirkland Lake Gold s Vice President of Corporate Development & Technical Services. 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 The QP s for the mineral reserves and resources outlined under the PDFZ Properties are Doug Cater, P. Geo, and Keyvan Salehi, P. Eng., the Vice President of Exploration and the Vice President of Corporate Development & Technical Services, respectively, and not considered independent under NI 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 ( FOR COMPLETE Fourth NI level 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 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 Simon Hitchman, FAusIMM (CP), MAIG, Exploration Manager, Newmarket Gold, is a "qualified person" as such term is defined in National Instrument 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 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 ( FOR COMPLETE NI NOTES AND DISCLOSURE PERTAINING TO THE RESOURCE AND RESERVE STATEMENTS QUOTED HEREIN. TSX:KLG 49 klgold.com