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1 Click to edit Master title style TSX:KGI GROWTH & VALUE Creating an Ontario Focused Intermediate Gold Producer European Gold Forum April 20, 2016 Park Hyatt Zurich Presenter: Perry Ing, CPA-CA, CPA (Ill), CFA CFO TSX:KGI 1 klgold.com

2 Click to edit Master title style 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 forwardlooking 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 handouts and as part of the corporate 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, capital expenditures, revenue, cash flow from operations and free cash flow generation; 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. With respect to the forward looking information of Kirkland Lake and/or St Andrew Goldfields Ltd., concerning gold resources and reserves of the Kirkland Lake properties and the East Timmins assets, and the development of the Kirkland Lake properties and the East Timmins assets are subject to various key assumptions Fourth described level in each party s respective Annual Information Forms and Technical Fourth Reports level referred to herein and as filed on the SEDAR profiles of both companies at Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made such as, without limitation, opinion, assumptions and estimates of management regarding the Company s business, its ability to increase its production capacity and decrease its production cost. Such opinions, assumptions and estimates, are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors are discussed in length in the Company's annual Management's Discussion and Analysis and Annual Information Form for the year ended December 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 forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law. TSX:KGI 2 klgold.com

3 Click to edit Master title style A New Mid-Tier Gold Producer Ontario focused gold producer targeting between Koz s in 2016 Healthy balance sheet with $130 million in cash in excess of the convertible debentures that come due in Combined strong future cash flow generation. Consolidation of large land holdings in the heart of two Ontario gold» camps Fifth level STRONG LEADERSHIP ROBUST PRODUCTION AND ASSET DIVERSIFICATION FROM 4 MINES INCREASED FINANCIAL FLEXIBILITY AND SOLID BALANCE SHEET Robust level of reserves and resources with 2.3 Moz s of P&P reserves, 4.7 Moz s of M&I resources plus an additional 3.9 Moz s of inferred resources.* Benefits with all Canadian assets leveraged to the Canadian dollar gold price EXPLORATION POTENTIAL IN TWO HISTORIC CAMPS WITHIN THE ABITIBI SUSTAINABLE, PROFITABLE MID-TIER GOLD PRODUCER See Appendix for more disclosure on MRMR statement which is as of December 31, TSX:KGI 3 klgold.com

4 2016 Guidance Metrics Click to edit Master title style Guidance Metrics 2016 Guidance Gold Production 1 (ounces) 270, ,000 Head Grade (g/t) 7.7 g/t Au Cash Operating Cash Costs (C$/Oz) $800 - $850 (US$600-US$650 3 ) All-In Sustaining Costs 2 (C$/Oz of gold sold) $1,300 - $1,350 (US$1,000 US$1,050 3 ) Total Capital Expenditures (New & Sustaining Capital, Property, Plant & Equipment) $120 Fourth Million level Q1/16 Production 69,654 ozs On track to meet 2016 Production Guidance Guidance kozs 1 Production includes 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, 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, USD:CAD exchange rate of 1.3 TSX:KGI 4 klgold.com

5 Diversified Assets In A Prolific, Mining Friendly Region Click to edit Master title style East Timmins Operations ( ETO ) Q1/16 Production koz Au Macassa Mine Complex Q1/16 Production 41.1 koz Au SY 2015 AISC 2 Macassa Mill Reserves & Resources* Total P&P Reserves (Macassa Mine Complex) US$977/oz Au 2,000 tpd (50% utilized) 1.5 Mozs (19.2 g/t Au) Q AISC* Holt Mill Resources & Reserves* Total P&P (including Hislop Mine) Holt Mine Taylor Mine Second Holloway level Mine QUÉBEC Third (Property level Wide) Measured & Indicated Inferred (Property Fourth Wide) level US$934/oz Au 3,000 tpd (75% utilized) 0.8 Mozs (5.3 g/t Au) 591 kozs (4.8 g/t Au) 156 kozs (6.3 g/t Au) 40 kozs (5.4 g/t Au) 2.7 Mozs (2.4 g/t Au) 2.2 Mozs (4.5 g/t Au) Assets in close proximity within an 80km radius, accessed by provincial highways. Measured & Indicated (Property Wide) Inferred (Property Wide) 2.0 Mozs (16.8 g/t Au) 1.7 Mozs (19.2 g/t Au) 1 Q1 Production from East Timmins Operations includes 7,189 ounces from ETO from January 1 to January 25, AISC is a non-gaap measure, see SY2015 MDA for reconciliation of non-gaap measures *Resources are exclusive of Reserves. See Company websites for NI disclosure ( TSX:KGI 5 klgold.com

6 Click to edit Master title style A Corner Stone High-Grade Asset MACASSA MINE COMPLEX TSX:KGI 6 klgold.com

7 Grade g/t One of the Highest Grade Gold Mines In The World Select Group of Producing Assets with +1Moz s in Reserves Click to edit Master title style 25.0 Reserve Grades Click to edit Master Mine Operator Location Macassa Mine Turquoise Ridge Dvolnye Moab Khotsong Mponeng Red Lake Kupol 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/2015 Dvolnye Kinross Russia Moz Dec/2015 Moab Khotsong AngloGold Ashanti South Africa ,5 Moz Dec/2014 Mponeng AngloGold Ashanti South Africa Moz Dec/2014 Red Lake Goldcorp Canada Moz Dec/2015 Kupol Kinross Russia Moz Dec/2015 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 7 klgold.com

8 Fully developed and currently in Click to edit Master title style production Click to edit Master 5300 Level 80% Second developed level with 6 stopes in production Third level 5025 Level P+P 28, oz/ton 14,000 Oz s M+I 74, oz/ton 32,000 Oz s Currently in development, first stopes expected to come into production in Q4/16 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 South Mine Complex 16.1 g/t 5600 Level P+P 239, oz/ton 183,000 Oz s M+I 186, oz/ton 117,000 Oz s 16.5 g/t 20.9 g/t 26.4 g/t Ramp development towards 5700 Level in progress, expected to start developing this level in Level P+P 202, oz/ton 208,000 Oz s M+I 164, oz/ton 96,000 Oz s 35.3 g/t OPEN 5800 to 6600 Level P+P 50, oz/ton 41,000 Oz s M+I 551, oz/ton 499,000 Oz s OPEN 28.5 g/t OPEN *Drawing not to scale TSX:KGI 8 klgold.com

9 Click to edit Master title style Macassa Mine Complex 2016E Gold Production Koz s 70% of tonnes from the SMC and 30% from the 04/Main Break Head Grade 15.1 g/t Au Blended head grade based on tonnes produced from each area of the mine. Property, Plant & Equipment $25 Includes PP&E, and minor infrastructure improvement projects Capital Development $45 Includes new and sustaining capital Reserves & Resources Mineral Reserves (P&P) Mineral Resources (M&I) Mineral Resources (Inferred) Property Wide 1.5 Moz 19.2 g/t 2.4M tonnes 2.0 Moz 16.8 g/t 3.8M tonnes 1.7 Moz 19.2 g/t 1.9M tonnes SMC 0.9 Moz 22.3 g/t 1.3M tonnes 0.9 Moz 22.6 g/t 1.3M tonnes 0.9 Moz 22.3 g/t 1.2M tonnes See Appendix for more disclosure on MRMR statement which is as of December 31, TSX:KGI 9 klgold.com

10 Click to edit Master title style Sustainable Assets EAST TIMMINS OPERATIONS TSX:KGI 10 klgold.com

11 East Timmins Assets along the PDFZ Click to edit Master title style N Aquarius Hislop Blackfox Mine & Greyfox Deposit (Primero Mining) Click to Garrison edit Master Creek Ludgate 120km Fenn-Gibb Deposit (Lake Shore Gold) Holt, Holloway, Taylor Hislop Ludgate, Aquarius Garrison Creek Producing Assets Care & Maintenance Exploration Targets with existing resources Exploration Target 120km strike of contiguous land straddling the Porcupine-Destor Fault Zone TSX:KGI 11 klgold.com

12 Click to edit Master title style East Timmins Operations 2016E Gold Production Koz s Holt, Holloway and Taylor mines. Click produced to edit from each Master mine. improvement projects Head Grade 4.8 g/t Au Blended head grade based on tonnes Property, Plant & Equipment $20 Includes PP&E, and minor infrastructure Capital Development $30 Includes new and sustaining capital HOLT MINE ~1,250tpd Reserves & Resources Property Wide HOLLOWAY MINE ~500tpd TAYLOR MINE ~600tpd Mineral Reserves (P&P) Mineral Resources (M&I) Mineral Resources (Inferred) 0.8 Moz 5.3 g/t 5.2M tonnes 2.7 Moz 2.4 g/t 35.3M tonnes 2.2 Moz 4.5 g/t 14.9M tonnes See Appendix for more disclosure on MRMR statement which is as of December 31, TSX:KGI 12 klgold.com

13 Click to edit Master title style Organic Growth Opportunities EXPLORATION PROGRAMS TSX:KGI 13 klgold.com

14 2016 Exploration Programs Click to edit Master title style Kirkland Lake Camp Click (~$10MM) to edit Master Mine-site Exploration (underground) SMC drilling to convert Inferred resources into M&I, find new resources to extend mine life. 04 Break drilling to identify a new mining horizon at a higher elevation, in closer Fourth proximity level to the shaft. Regional Exploration Program (surface) Test for the extension of the SMC or a new ore body similar to that of the SMC. Test the Main Break at depth. East Timmins Assets Click to (~$8MM) edit Master Mine-site Exploration (surface and underground) Focused exploration program to delineate resources and extend minelife at the Holloway and Taylor mines. Land Position Evaluation Continue to evaluate the East Timmins land position and assets for future exploration efforts either towards the end of 2016 or beginning of Asses assets for possible divestiture or JV opportunities. TSX:KGI 14 klgold.com

15 Regional Exploration Across a Prolific Trend Click to edit Master title style Kirkland Minerals 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. TSX:KGI 15 klgold.com

16 Click to edit Master title style Enhanced Market Profile and Deleveraged Balance Sheet FINANCIAL STRENGTH TSX:KGI 16 klgold.com

17 Financial Position Click to edit Master title style CAPITAL STRUCTURE 2 ISSUED SHARES Click Stock to Options edit ~4.3 Master million ~119.8 million FULLY DILUTED MARKET CAP 52 Week Performance 2 HIGH LOW Current Share Price Major Shareholders (~40%) million ~971 million C$9.53 Fourth C$4.49 level» Fifth C$8.41 level Van Eck Associates Corporation (~10%) Resolute Funds (~7%) Eric Sprott (~6%) Columbia Asset Management LLC (~5%) Abramson Family (~5%) Harry Dobson (~3%) Sprott Asset Management (~3%) Sentry Select (~3%) CASH C$130.5 million 1 DEBT Click to C$119 edit million Master 3 convertible debentures (principal amount owing) KGI.DB: 6% coupon/ $15.00 strike C$56.9MM mature Jun/2017 KGI.DB.A: 7.5% coupon/ $13.70 strike C$62.1MM mature Dec/2017 NCIB allows KGI to purchase up to 10% of each issue within a 12 month period commencing April 6, 2016, and can be renewed annually 3 ROYALTY 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% 1 As at March 31, 2016: 2 As at April 1, See press release dated April 4, 2016 for details on the NCIB TSX:KGI 17 klgold.com

18 KGI 2 Year Relative Share Price Performance Click to edit Master title style Kirkland Lake (TSX:KGI) Gold Price (C$ / oz) GDX Index (C$) 300% 275% 250% 225% 200% 175% 150% 125% 252% 13% 100% 75% (1%) 50% Apr-14 Jun-14 Aug-14 Oct-14 Dec-14 Feb-15 Apr-15 Jun-15 Aug-15 Oct-15 Dec-15 Feb-16 Apr-16 TSX:KGI 18 klgold.com

19 Click to edit Master title style Asset diversification with 4 mines and 2 mills in a safe and mining friendly jurisdiction. +270,000 Second ounces level of production with Second AISC expected level between Third US$1,000 level to US$1,050 for Third level Investment Highlights Strong leadership from an experienced board of directors and management team with proven results. ~$1Billion» market Fifth level capitalization, increased» trading Fifth level liquidity, and inclusion in the GDX index and possible future inclusion in the S&P/TSX Composite index. Pure Canadian producer highly leveraged to the Canadian dollar gold price. TSX:KGI 19 klgold.com

20 Click to edit Master title style APPENDIX Notes, additional disclosure and other information TSX:KGI 20 klgold.com

21 Click to edit Master title style Board of Directors Experienced Team Eric Sprott 2 Non-executive Chairman Barry Cooper, B.Sc., MBA 1 Non-executive Director Michael Churchill, MBA 4 Non-executive Director Pamela Klessig, P.Geo. Non-executive Director Barry Olson, M.Sc. 1 Non-executive Director Jeffrey Parr, CPA-CA, BA, MBA 1 Non-executive Director Dawn Whittaker, LLB Non-executive Director George Ogilvie, P.Eng. Director Senior Management George Ogilvie, P.Eng. Perry Ing, CPA-CA, CPA (Ill), CFA 3 Chris Stewart, P.Eng. Doug Cater, P.Geo. 5 Keyvan Salehi, P.Eng., MBA 5 Jennifer Wagner, LL.B. Suzette N Ramcharan, CPIR Kevin Fearn, BA, CHRP, CHRL President & Chief Executive Officer Chief Financial Officer VP Operations VP Exploration VP Corporate Development Legal Counsel Director, Investor Relations Director, Human Resources 1 Appointed October 2014; 2 Appointed February 2015; 3 Appointed November 2015, 4 Appointed January 25, 2016, 5 Appointed February 1, 2015 TSX:KGI 21 klgold.com

22 Analyst Coverage Click to edit Master title style Firm Analyst Firm Analyst GMP Dundee Securities Ron Stewart CIBC World Markets Macquarie Capital Markets BMO Capital Markets M Partners Oliver Turner Cosmos Chiu Michael Siperco Brian Quast Andrew Mikitchook 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 Click to edit Master title style (000's) KGI 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 Click to edit Master title style 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 , 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 ( See Notes for Reserves and Resources below for key assumptions, parameters and methods used to estimate the foregoing reserves and resources. Notes for Reserves and Resources: 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, is 27% at 0.02 opt, marginally up from an average of 24.0% the previous year. Long-hole stopes are diluted by anywhere between % Third (mostly 50%). level Cut and fill stopes are diluted by anywhere between 10-50%. 5. All higher grades are cut to 3.50 opt. Based on a statistical analysis completed by Scott Wilson Roscoe Postle Associates Inc. in 2007, the Company has implemented Fourth various higher level grade cutting factors for four zones in the South Mine Complex. Fourth These four level zones are the New South Zone (7.20 opt), Lower D North (9.30 opt), Lower D North Footwall (4.80 opt), and the #7 and #7 HW Zones (6.40 opt). Cut-off grades of 0.22 opt and 0.18 opt are used for reserve» Fifth and resource level calculations respectively, depending on the location, and economics» Fifth of the level 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 East Timmins Assets Mineral Reserves & Resources Click to edit Master title style As at December 31, See website for notes and additional disclosure ( Total Reserves Measured Indicated Tonnes Grade Ounces Au Tonnes Grade ('000) (g/t Au) ('000 oz) ('000) (g/t Au) Ounces Au ('000 oz) Tonnes ('000) Measured + Indicated Grade Ounces Au Tonnes Grade Ounces Au Tonnes (g/t Au) ('000 oz) ('000) (g/t Au) ('000 oz) ('000) Inferred Grade (g/t Au) Ounces Au ('000 oz) Holt 3, , , , , ,181 Holloway , Taylor , , , Hislop Aquarius , , Clavos Ludgate , Canamax Total 5, , , ,149 35, ,668 14, ,154 TSX:KGI 25 klgold.com

26 TSX:KGI Click to edit Master title style Suzette N Ramcharan, CPIR Director of Investor Relations Click to edit Master info@klgold.com TSX:KGI 26 klgold.com