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1 TSX:KGI A RICH HISTORY A Long and Profitable Future George Ogilvie, P.Eng - President & CEO TMX / NBF Conference November 10, 2015 Canada House London, UK 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 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 the 5600 level Second and below, and level the timing thereof; the exploration programs Second and the results and timing thereof. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered Third reasonable level at the date the statements are made such as, Third without level limitation, opinion, assumptions and estimates of management regarding the Company s business, its ability to increase its production capacity and decrease its production Fourth cost. Such level opinions, assumptions and estimates, are inherently Fourth subject level 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 Potential to find new discoveries in an underexplored camp Investment Highlights Experienced and proven board of directors Management team with a wealth of experience and technical expertise High grade gold producer with a 14 year mine life Increasing production profile with declining costs Canadian operator benefiting from the Canadian dollar gold price environment Profitable with strong cash flow generation TSX:KGI 3 klgold.com

4 Board of Directors Pamela Klessig, P.Geo Experienced Team Eric Sprott 2 Non-executive Chairman Barry Cooper, B.Sc., MBA 1 Barry Olson, M.Sc. 1 Jeffrey Parr, CA, BA, MBA 1 Dawn Whittaker, LLB Senior Management George Ogilvie, P.Eng. Non-executive Director Non-executive Director Non-executive Director Non-executive Director Non-executive Director Director, President & Chief Executive Officer Perry Ing, CA, CFA 3 Chief Financial Officer Chris Stewart, P.Eng. Vice President, Operations Jennifer Wagner, LL.B. Corporate Legal Counsel Suzette N Ramcharan, CPIR Director, Investor Relations Kevin Fearn, BA, CHRP, CHRL Director, Human Resources 1 Appointed October 2014; 2 Appointed February 2015; 3 Appointed November 2015 TSX:KGI 4 klgold.com

5 Financial Position CAPITAL STRUCTURE 1 ISSUED SHARES 80,704,117 Click Stock to Options edit Master 3,867,050 FULLY DILUTED 84,571,167 MARKET CAP ~450 Million 2 52 Week Performance 2 HIGH LOW C$6.88 Fourth C$2.79 level Current Share Price C$5.50 (Nov 2) Major Shareholders (~50%) 1 Resolute Funds (~10%) Eric Sprott (~9%) Columbia Wanger Asset Management LLC (~8%) Equinox Partners (~7%) Van Eck Associates Corporation (~5%) Harry Dobson (~4%) Sprott Asset Management (~4%) ABC Funds (~2%) CASH C$81.1 million 3 DEBT Click to C$119.1 edit Master million convertible debentures (principal amount owing) KGI.DB: 6% coupon/ $15.00 strike C$57.4MM 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 3, 2015, and can be renewed annually 4 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 October 1, 2015; 2 As at October 31, As of July 31, 2015; 4 See press release dated April 1, 2015 for details on the NCIB TSX:KGI 5 klgold.com

6 2015 YTD Share Price Performance 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 6 klgold.com

7 Kirkland Lake Camp The Kirkland Lake gold camp has been in production for over 100 years One of the highest grade gold camps in the world Almost 25 Moz s has been produced to date, from seven mines KGI owns five former producing» Fifth high level grade mines with historical production of ~22 Moz s of gold Average head grade of 0.44 opt or 15.1 g/t Currently only mining and exploration on one of these past producers TSX:KGI 7 klgold.com

8 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 8 klgold.com

9 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 9 klgold.com

10 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 10 klgold.com

11 South Mine Complex 5025 Level P+P 28, oz/ton 14,000 Oz s M+I 74, oz/ton 32,000 Oz s 16.5 g/t 5300 Level Access from 5400L and 5600L allows delineation drilling of resources, especially below 5600L Remains Open at Depth and Across Strike 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 16.1 g/t 5600 Level P+P 239, oz/ton 183,000 Oz s M+I 186, oz/ton 117,000 Oz s OPEN 5700 Level P+P 202, oz/ton 208,000 Oz s M+I 164, oz/ton 96,000 Oz s 5800 to 6600 Level P+P 50, oz/ton 41,000 Oz s M+I 551, oz/ton 499,000 Oz s OPEN 20.9 g/t 26.4 g/t 35.3 g/t 28.5 g/t OPEN *Drawing not to scale TSX:KGI 11 klgold.com

12 Production Update Ounces 153,957 Recovered Ounces Sold Tons Milled Head Grade (opt) F , , (14.7 g/t) SY15_Q1 41,482 41,204 94, (15.4 g/t) SY15 Guidance 90, , (14.7 g/t) Sixth stope brought into production on 5400 level during Q2SY15 Main ramp towards the 5600 level continues to progress well * Production guidance for SY15 is based on eight months of production TSX:KGI 12 klgold.com

13 Gold Production (Ounces) Head Grade (Grams per Tonne) Monthly Production Profile AVERAGE GRADE (g/t) F2014 F2015 Q1_SY (0.34 opt) 14.7 (0.43 opt) 15.4 (0.45 opt) Click 20,000 to edit Master ,000 10,000 Third 11.7 level Click 17.8 to edit Master 18.0 text styles Second 13.0 level , Oz Recovered 0 May Jul Sep Nov Jan Mar May Jul Sep Nov Jan Mar May Jul F2015 SY15 - Head Grade TSX:KGI 13 klgold.com

14 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 14 klgold.com

15 PRODUCTION Change from F2013 to F % 91,518 ounces to 153,957 ounces Costs Savings Realized Over Past 9 Quarters Labour Rationalization -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 15 klgold.com

16 CASH FLOW SALES COSTS SY15_Q1 Financial Highlights Cash Cost Per Ton Cash Operating Cost Per Ounce All-In Cash Costs Per Ounce Produced (AICC) All-In Sustaining Cost Per Ounce Sold (AISC) SY15_Q1 Results $348 US$279 $792 US$635 $1,234 US$989 $1,193 US$956 SY15_Q1 Vs Q1/F15 +2% -11% +1% -21% -1% -14% -3% -16% Gold Sales 41,204 +7% Average Sales Price $1,498 +7% Revenues $61.7 MM +14% Cash Flow from Operations $14.9 MM -11% Free Cash Flow $4.1 MM -18% - All US$ equivalents are converted at the average CAD to USD exchange rate during the reporting period. - See MDA for period ending July 31, 2015, for discussion of Non-GAAP Measures such as cash cost per ton, AICC, AISC, and free cash flow. TSX:KGI 16 klgold.com

17 Cost in C$ per Ounce Produced $2,000 $1,500 $1,000 AICC by Quarter (18 Months) FISCAL 2015 Q1_SY15 AICC C$1,327/ Oz C$1,234/Oz Average Sales Price C$1,412/ Oz C$1,498/Oz Royalties Exploration (including surface) Corporate (incl. Finance & Interest) PP&E $500 Capital Development (incl. Sustaining and New) Operating Costs $0 Fiscal Year Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/SY15 TSX:KGI 17 klgold.com

18 C$ Millions Capital Expenditures F2010 F2011 F2012 F2013 F2014 F2015 SY2015 Capital Expenditures (Mineral Properties) PP&E Project Capital was Completed in January 2014 C$9M in Capital Development of 5400L and SMC Main Decline to 5600L Spent in FY15 F2015 Sustaining Capex guidance reduced from $51MM to $50MM after Q3 TSX:KGI 18 klgold.com

19 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. Regional Program: Regional exploration to test eastwards along strike. TSX:KGI 19 klgold.com

20 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 20 klgold.com

21 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 21 klgold.com

22 04 Break Underground Drilling SELECTED HIGHLIGHTS DH g/t / 0.7 metres (2.53 opt/ 2.4 feet) DH g/t / 1.3 metres 0.80 opt/ 4.4 feet See press release dated February 23, 2015 TSX:KGI 22 klgold.com

23 Regional Exploration Long Section Looking North Initial results from our regional program do not appear to be Main Break related (Phase 1) Geophysics anomalies identified and follow-up targeting exercise in progress (Phase 1a) Phase 1a program has 7,000 metres (23,000 feet) left to drill, and will be completed before calendar year end. TSX:KGI 23 klgold.com

24 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 including And g/ 0.9 metres opt/ 2.8 feet 1,783.2 g/ 0.3 metres opt/ 1.0 feet 89.5 g/ 0.3 metres 2.61 opy/ 1.0 feet TSX:KGI 24 klgold.com

25 Regional Exploration Plan View TSX:KGI 25 klgold.com

26 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 26 klgold.com

27 F2015 Achievements SY 2015 Guidance 8 month period from Metric Click May 1 Dec 31, to 2015 edit Master All amounts stated are in Canadian dollars SY15_Q1 Click to edit Actual Master Status $800 - $850 Cash operating cost (per ounce produced) $792 Favourable $1,300 - $1,400 AICC* (per ounce produced) $1,234 On Track $1,200 - $1,300 AISC* (per ounce sold) $1,193 Favourable $41 - $48 Million Total Capital Expenditures (incl. PP&E) $11 Million Favourable $145 - $155 Million Revenue $62 Million On Track $43 - $53 Million Cash flow from operations $15 Million On Track $2 - $5 Million Free cash flow* $4 Million Favourable *All-in cash costs, all-in sustaining costs and free cash flow are non-gaap measures. See MD&A for period ending July 31, 2015 for a reconciliation of these non-gaap measures. TSX:KGI 27 klgold.com

28 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 28 klgold.com

29 APPENDIX Notes, additional disclosure and other information TSX:KGI 29 klgold.com

30 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 30 klgold.com

31 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 31 klgold.com

32 Gold Ounces Head Grade (Ounces Per Ton) 250, ,000 Click 0.37 to edit 0.37 Master , ,000 50,000 - Fiscal Year Annual Production Profile Expectation Gap SY Oz Recovered Guidance Head Grade Linear (Oz Recovered) 0.43 Previous Guidance = 200 employees The Stub Year (SY) 8 month period runs from May 1 December 31, 2015, with guidance of between 90, ,000 ounces. Former F month period had guidance of between 150, ,000 ounces, as shown in the dotted line. 2016, 2017 and 2018 have December 31 st year ends. TSX:KGI 32 klgold.com

33 Expansion Capital Upgrades Hoisting system capable of hoisting 3,600 tpd Mary-Anne Compartment installed in Shaft providing service cage Mill upgraded to handle 2,200 tpd Underground infrastructure and battery equipment in place for SMC TSX:KGI 33 klgold.com

34 Current Ventilation #3 Shaft Fresh Air Intake #2 Shaft #2 Winze Ventilation is limited due to size of raises Air migration from old workings black box. Heat and humidity Investigating reversal of ventilation TSX:KGI 34 klgold.com

35 Near Surface Exploration Target Near surface mineralization is within 2 Km s of mill Mill has excess capacity of +/- 1,000 tpd Mineralization from 100 to 1,000 below surface Open across strike M&I: 299, opt (11.7gpt) 112,000 oz Inferred: 90, opt (14.4gpt) 42,000 oz TSX:KGI 35 klgold.com

36 0.46 OPT 15.8 GPT Reserve Grade Vs Head Grade December 31, 2014 Reserve Calculation 04 & Main Break SMC 0.65 OPT 22.3 GPT Click to edit Complex Master Macassa Mine 0.56 OPT 19.2 GPT Takes into account all proven and probable material from the 04 & Main Break, plus all proven and probable material from all levels of the South Mine Complex. F2015 Mine Plan 04 & Main Break SMC Macassa Mine Complex 0.35 OPT 12.0 GPT 0.46 OPT 15.8 GPT 0.44 OPT 15.1 GPT Assumes ~30% of Ore Tons from 04 & Main Break, and ~70% of Ore Tons from the 5025, 5300 and 5400 Levels in the South Mine Complex. TSX:KGI 36 klgold.com

37 December 2014 Reserve & Resource Update Click 5.6% to Increase edit Master in Reserves 12.0% Increase in Reserve Grade 3.9% Increase in Inferred Resources Resources are exclusive of Reserves Reserves increased to 1.5 Moz s (2.6 Million 0.56 opt) Reserves in the SMC increased to 0.9 Moz s (1.5 Million 0.65 opt) Reserve grade increased to 0.56 opt or 19.2 g/t Inferred resources increased to 1.2 Moz s (2.1 Million 0.56 opt) The above reserve and resource estimates have been audited and verified by the Company s independent reserve and resource engineer, Glenn R. Clark, P. Eng., of Glenn R. Clark & Associates Limited. The technical contents of this presentation have been reviewed and approved by the Company s internal QP, Mr. Stewart Carmichael, Manager of Exploration. See Appendix slides 37 and 38 for more disclosure on MRMR statement which is as of December 31,2014. TSX:KGI 37 klgold.com

38 (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 38 klgold.com

39 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 39 klgold.com

40 TSX:KGI Suzette N Ramcharan, CPIR Director of Investor Relations Click to edit Master Mobile: sramcharan@klgold.com TSX:KGI 40 klgold.com