Ms. Suzette Ramcharan of Kirkland Lake reports

SECOND INDEPENDENT ADVISORY FIRM GLASS LEWIS RECOMMENDS SHAREHOLDERS OF KIRKLAND LAKE GOLD AND NEWMARKET VOTE FOR THE PROPOSED PLAN OF ARRANGEMENT

Glass, Lewis & Co. LLC, the second independent proxy advisory firm that provides voting recommendations to institutional investors, has recommended that shareholders of Kirkland Lake Gold Inc. and Newmarket Gold Inc. vote in favour of the proposed plan of arrangement dated Sept. 29, 2016, to merge the two companies.

Glass Lewis has recommended that both Kirkland Lake Gold and Newmarket shareholders vote for the respective resolutions relating to the plan of arrangement for a number of reasons, including the fact that the strategic and financial benefits offered in the proposed combination, as compared with other opportunities, offer the prospect of enhanced shareholder returns rather than the stand-alone scenario.

In connection with the business combination, shareholders of Kirkland Lake Gold will receive 2.1053 Newmarket shares (on a preconsolidated basis) for each Kirkland Lake Gold share held which will be approximately one Newmarket share on a postconsolidation basis. Pursuant to the consolidation, shareholders of Newmarket will receive 0.475 of a postconsolidation share for every one preconsolidation share of Newmarket held.

Existing Kirkland Lake Gold and Newmarket shareholders will own approximately 57 per cent and 43 per cent of the combined company, respectively, on a fully diluted in-the-money basis. Management of both companies believes that the business combination will provide shareholders with significant benefits to each that would not be available if each company remained as a stand-alone entity.

Shareholders of Kirkland Lake Gold and Newmarket are encouraged to read the joint management information circular, a copy of which is available under the companies' respective profiles on SEDAR.

How to vote

Shareholders must vote their proxy before 10 a.m. ET on Nov. 23, 2016.

Kirkland Lake Gold shareholders with questions or who need help voting are encouraged to contact Kingsdale Shareholder Services at 1-877-659-1824 toll-free within North America or 1-416-867-2272 (for collect calls outside North America), or e-mail at contactus@kingsdaleshareholder.com.

Newmarket shareholders with questions or who require assistance with voting, should contact Laurel Hill Advisory Group at 1-877-452-7184 toll-free or 1-416-304-0211 (for collect calls outside North America), or by e-mail at assistance@laurelhill.com.

About Kirkland Lake Gold

Kirkland Lake Gold is currently targeting annual gold production of between 280,000 to 290,000 ounces from its cornerstone asset, the Macassa mine complex and the Holt mine complex, which includes the Holt, Holloway and Taylor mines.

About Newmarket

Newmarket Gold has three 100-per-cent-owned underground operating mines in Australia. The flagship operation, Fosterville gold mine, and the Stawell gold mine are located in the state of Victoria, and the Cosmo gold mine is located in the Northern Territory. The company is based on a strong foundation of quality gold production from its three Australian mines, producing over 220,000 ounces of gold annually.

We seek Safe Harbor.