Mr. Brian Hinchcliffe reports

KIRKLAND LAKE GOLD ANNOUNCES LISTING OF $57.5 MILLION CONVERTIBLE DEBENTURES

Effective Nov. 20, 2012, the $57.5-million aggregate principal amount of 6.0-per-cent convertible unsecured subordinated debentures of Kirkland Lake Gold Inc. will be listed for trading on the Toronto Stock Exchange. The debentures were issued under an indenture dated July 19, 2012, entered into between the company and Computershare Trust Company of Canada, as trustee, and will trade under the symbol KGI.DB. The debentures, which are issuable in the minimum principal amount of $1,000 each, will be quoted based on $100 principal amounts, with all trades being made in multiples of $1,000.

The debentures mature on June 30, 2017, unless earlier redeemed (such early redemption available after June 30, 2014), and bear interest, accruing, calculated and payable semi-annually in arrears on June 30 and Dec. 31 of each year. The debentures are convertible at the holder's option into common shares of the company at any time prior to the close of business on the earlier of the business day immediately preceding the maturity date and the business day immediately preceding the date fixed for redemption of the debentures at a conversion price of $15 per common share, being a ratio of 66.6667 common shares per $1,000 principal amount of debentures. Conditional approval has been received from the Toronto Stock Exchange for listing of the common shares issuable upon conversion of the debentures. Application will be made for the common shares issuable upon conversion of the debentures to be admitted to trading on the Alternative Investment Market of the London Stock Exchange.

The debentures rank subordinate in right of payment of principal and interest to all present and future senior obligations of the company and rank pari passu to all present and future unsecured indebtedness.

We seek Safe Harbor.