FOR:  KIRKLAND LAKE GOLD INC.

TSX, AIM SYMBOL:  KGI

August 19, 2009

Kirkland Lake Gold Inc.: Bought Deal Private Placement Over-Allotment Option Exercised in Full-Total
Proceeds of CDN$37 Million

KIRKLAND LAKE, ONTARIO--(Marketwire - Aug. 19, 2009) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES

Kirkland Lake Gold Inc. ("Kirkland Lake" or the "Company") (TSX:KGI)(AIM:KGI) is pleased to announce
that Wellington West Capital Markets Inc. (the "Underwriter") has exercised its over-allotment option
in full and that the total size of the private placement previously announced on August 18, 2009 is
now 4,555,000 units for aggregate gross proceeds of CDN$37,123,250 (the "Offering"). Each unit, priced
at $8.15, shall consist of one common share and one-third of one common share purchase warrant. Each
whole warrant will be exercisable to purchase one common share of the Company for a period of 13
months from issuance at a price of CDN$9.85.

The Company intends to use the net proceeds of the private placement for working capital and general
corporate purposes. The private placement is expected to close on or about September 10, 2009.

The common shares issued and issuable pursuant to the Offering will be subject to a four-month
restricted resale period from the closing date. Completion of the Offering is subject to receipt by
the Company of all necessary regulatory approvals.

About Kirkland Lake Gold Inc.

Kirkland Lake Gold Inc. is an operating and exploration gold mining company located in Ontario,
Canada. Kirkland Lake Gold Inc. which includes the Macassa Mine and the 1,500 ton per day mill along
with four former producing gold properties - Kirkland Lake, Teck-Hughes, Lake Shore and Wright
Hargreaves. These properties, which have historically produced some 22 million ounces of gold, extend
over seven kilometres between the Macassa Mine on the west and Wright Hargreaves on the east and, for
the first time, are being developed and explored under one owner. This camp is located in the Southern
Abitibi Greenstone Belt of Kirkland Lake, Ontario, Canada. The Company's corporate goal is to expand
its gold reserves and reduce its operating costs to become a profitable gold producer.

The Company's common shares trade on the TSX (Toronto Stock Exchange) and on the AIM (Alternative
Investment Market) of the London Stock Exchange.

The Company's senior management and Board of Directors have extensive experience in the natural
resource and mining sectors that include exploration, mining and marketing, as well as experience in
the legal and corporate finance areas.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States of America. The securities have not been and will not be registered
under the United States Securities Act of 1933 (the "U.S. Securities Act") or any state securities
laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the
U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities
laws, or an exemption from such registration is available.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Kirkland Lake Gold Inc.
Brian Hinchcliffe
President
1 705 567 5208
1 705 568 6444 (FAX)
bhinchcliffe@klgold.com

OR

Kirkland Lake Gold Inc.
Scott Koyich
Investor Relations
1 403 215 5979
info@klgold.com
www.klgold.com

OR

Pelham Public Relations
Chelsea Hayes
+44 (0) 20 7743 6675
chelsea.hayes@pelhampr.com

OR

Pelham Public Relations
Klara Kaczmarek
+44 (0) 20 7743 6675
klara.kaczmarek@pelhampr.com

OR

NOMAD: Panmure Gordon (UK) Ltd.
Katherine Roe
+44 20 7459 5744
katherine.roe@panmure.com

OR

NOMAD: Panmure Gordon (UK) Ltd.
Ashton Clanfield
+44 20 7459 5744

Neither the Toronto Stock Exchange nor the AIM Market of the London Stock Exchange has reviewed and
neither accepts responsibility for the adequacy or accuracy of this news release.

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Kirkland Lake Gold Inc.