Mr. Anthony Makuch reports

KIRKLAND LAKE GOLD ANNOUNCES NORMAL COURSE ISSUER BID

Kirkland Lake Gold Ltd. has received acceptance from the Toronto Stock Exchange with respect to a normal course issuer bid (NCIB) to purchase up to 15,186,571 common shares of the company representing 10 per cent of the current issued and outstanding common shares in the public float as at May 11, 2017. As at May 11, 2017, the company had 208,930,964 issued and outstanding common shares.

Purchases of the common shares pursuant to the NCIB may be made through the facilities of the TSX and/or alternative Canadian trading systems, commencing on May 17, 2017, and ending on May 16, 2018, or such earlier time as the NCIB is completed or terminated by the company. Any purchases made pursuant to the NCIB will be made in accordance with the rules of the TSX and will be made at market price at the time of purchase.

The average daily trading volume for the six-month period ended April 30, 2017, was 1,178,809. Under the NCIB, the maximum number of securities that the company may purchase on a daily basis, other than block purchase exemptions, are 294,727 common shares. The actual number of common shares purchased for cancellation and the timing of such purchase will be determined by the company. There cannot be any assurance as to how many common shares will ultimately be purchased for cancellation under the NCIB.

The board of directors of Kirkland Lake Gold believes that the underlying value of the company is not reflected in the current market price of its common shares, and may not be so reflected at certain times during the course of the NCIB. Accordingly, it has been determined that the repurchase of common shares pursuant to the proposed NCIB presently constitutes an appropriate use of financial resources and would be in the best interest of Kirkland Lake Gold shareholders.

About Kirkland Lake Gold Ltd.

Kirkland Lake Gold is a mid-tier gold producer targeting 530,000 to 570,000 ounces in Tier 1 mining jurisdictions of Canada and Australia. The production profile of the company is anchored from two high-grade, low-cost operations, including the Macassa mine located in Northeastern Ontario and the Fosterville mine located in the state of Victoria, Australia. Kirkland Lake Gold's solid base of quality assets is complemented by district-scale exploration potential, supported by a strong financial position with extensive management and operational expertise.

We seek Safe Harbor.