Mr. Eric Sprott reports

KIRKLAND LAKE GOLD APPOINTS NEW CHIEF EXECUTIVE OFFICER

George Ogilvie has resigned from Kirkland Lake Gold Inc. and the board of directors has appointed Anthony (Tony) P. Makuch as chief executive officer. Mr. Makuch will join Kirkland Lake Gold in the coming weeks after finishing in his current role, and Barry Olson, director, will assume the role of interim chief executive officer until that time.

"After careful consideration, the board of directors has determined that Tony is ideally positioned to lead Kirkland Lake Gold into the next stage of its development," said Eric Sprott, chairman of the board of directors. "Tony's track record of leadership in the gold mining industry and his demonstrated ability to grow and optimize production will be excellent assets for Kirkland Lake Gold."

Mr. Makuch brings over 25 years of management, operations and technical experience in the mining industry, most notably as president and chief executive officer of Lake Shore Gold. Under his leadership, Lake Shore Gold increased production and reserves, lowered costs, and increased margins, leading to substantial value creation. Most recently, he was president of Canadian operations, Tahoe Resources Inc.

"We want to thank George Ogilvie for his efforts in leading the company to this point, and we wish him success in his future endeavours," Mr. Sprott added.

"I'm proud of what the team and I have accomplished at Kirkland Lake Gold, and I wish the company well as it executes on its strategy of building a profitable and long-lived intermediate gold miner," Mr. Ogilvie said.

In light of the fact that Mr. Ogilvie is no longer with the company, he will not be standing for election as a director at the company's annual general meeting, to be held at 11 a.m. ET on Monday, June 13, 2016, at the offices of Stikeman Elliott LLP, Commerce Court West, 199 Bay St., Toronto, Ont. The board anticipates that Mr. Makuch will be added to the board of directors in due course.

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