Mr. George Ogilvie reports

KIRKLAND LAKE GOLD APPOINTS ERIC SPROTT AS CHAIRMAN OF THE BOARD

Kirkland Lake Gold Inc. has appointed Eric Steven Sprott as chairman of the board of directors, subject to regulatory approvals. Upon receipt of regulatory approvals D. Harry W. Dobson will retire from his position as chairman.

Mr. Dobson stated: "I am extremely pleased to have Eric succeed me as chairman of Kirkland Lake Gold, especially in light of his expertise and reputation in the sector, I am very confident that shareholders are in good hands. I continue to believe in the future prosperity of the company, and remain an avid supporter of the management team and story."

Mr. Sprott, age 70, is a renowned and respected leader in the investment community and one of the world's premier gold and silver investors. After earning his designation as a chartered accountant, Mr. Sprott entered the investment industry as a research analyst at Merrill Lynch and Company Inc. In 1981, he founded Sprott Securities (now Cormark Securities Inc.), which today is one of Canada's largest independently owned institutional brokerage firms. After establishing Sprott Asset Management LP., in December, 2001, as a separate entity, Mr. Sprott divested his entire ownership of Sprott Securities to its employees.

Mr. Sprott recently resigned from his position as the lead portfolio manager at Sprott Asset Management (a Toronto-based alternative asset manager) and remains as chairman of the board of Sprott Inc. (Sprott Inc. is an asset manager that provides investors with the opportunity to participate in the future growth of the Sprott Group of Companies which includes Sprott Asset Management). As at the date of this release, Mr. Sprott holds directly and indirectly 8,143,466 common shares of the company, which represents 11.3 per cent of the issued and outstanding shares, as well $1.55-million principal amount convertible debentures.

George Ogilvie, president and chief executive officer, commented: "On behalf of the board of directors, I wish to extend our sincere gratitude to Harry as founder of the company and for his dedicated service to Kirkland Lake Gold from its inception and over the past 10 years. He has been instrumental in building the company to where it is today, and his commitment to its success is evident in the turnaround we have seen over the past year.

"Eric's appointment comes at an exciting time of change for the company, and with his wealth of experience and expertise, he will lead the board of directors as we explore strategies for organic growth from our existing portfolio of assets as well as diversification within and outside the Kirkland Lake camp."

We seek Safe Harbor.