Kirkland Lake Gold: Kirkland Lake Gold Inc.: Two New Discoveries Op... | Company Announcements

Tuesday 12 January, 2010

Kirkland Lake Gold

Kirkland Lake Gold Inc.: Two New Discoveries Op...

FOR: KIRKLAND LAKE GOLD INC.

TSX, AIM SYMBOL: KGI

January 12, 2010

Kirkland Lake Gold Inc.: Two New Discoveries Open Potential of the SMC to the East; Drill Hole 53-1520
Returns 6.14 Ounces Per Ton Over 13.7 Feet

KIRKLAND LAKE, ONTARIO--(Marketwire - Jan. 12, 2010) - Kirkland Lake Gold Inc. (TSX:KGI)(AIM:KGI) (the
Company), an operating and exploration gold company, is pleased to announce further exploration
drilling testing the South Mine Complex (SMC) has resulted in the discovery of two new high-grade
zones east of and below the SMC on the Company's 100% owned Macassa property. The SMC consists of 15
or more mineralized zones, some of which are now in production while others are being explored and
developed under the Company's aggressive exploration and ore-body definition programs.

Recent drilling from one of several exploration programs currently in progress intersected two new
high-grade zones east of and below the current extent of the South Mine Complex.

- Drill hole 53-1520 intersected 6.14 ounces of gold per ton (opt) uncut (1.87 opt cut) over a core
length of 13.7 feet (estimated 11.8 feet true width).

- Drill hole 53-1506 intersected a new zone 50 feet below and 196 feet east of the New South Zone and
returned 8.60 opt uncut (3.5 opt cut) over a core length of 5.7 feet (estimated 5.2 feet true width).

Management believes this new discovery may represent the eastward continuation of the Lower D North
Zone at the -5700 foot elevation.

"Both of these intersections open up the South Mine Complex to the east. The intersection of 13.7 feet
of 6.14 ounces of gold per ton in drill hole 53-1520 is of particular importance, because our
preliminary interpretation indicates the mineralization may be related to the Lower D North Zone. If
so, the closest intersection at the same -5700 foot elevation in 53-1520 would be 1,000 feet to the
west, confirming our belief that significant mineralization extends to depth and mineralized zones are
open in all directions," said Stewart Carmichael, Chief Exploration Geologist.

The highlights of this recent drilling include:

- The intersection in drill hole 53-1520 is hosted within basic syenite and comprises quartz veining
with fine visible gold and gold tellurides. The intersection is very similar to typical hanging wall
veins historically mined at Macassa (see photograph 1). The intersection is located 1,049 feet south
of the Macassa -5700 foot level and 1,000 feet east of the nearest drill hole at the same elevation.
The nearest drill hole intersection on the Lower D North is located 583 feet west and 420 feet up-dip
of 53-1520 (see figure 1).

- The intersection in drill hole 53-1506 is more typical of the South Mine Complex, comprising a black
molybdenite rich brecciated porphyry ("break") mineralized with up to 10% pyrite with accompanying
fine gold and tellurides. The alteration halo is extensive with anomalous values (0.10 opt) extending
20 feet beyond the high-grade intersection. This intersection is at the -5590 elevation and 50 feet
below the new South Zone (see photograph 2).

- The true widths reported in this release are estimates only and are based on core axis angles and
the nearest drill holes interpreted to be on the same zone. Additional drilling on both new zones is
required to verify the geometry.

The figure referred to in this release may be viewed at the Company's website, www.klgold.com and will
provide context to the above statements. Figure 1 is a plan view showing the latest drilling results.
Photograph 1 is a picture of the intersection in drill hole 53-1520 and photograph 2 is a picture of
the intersection in drill hole 53-1506.

To view figure 1, photograph 1 and photograph 2 please click on the following link:
http://media3.marketwire.com/docs/kgi112.pdf

/T/

The following table summarizes the latest drilling results (Imperial values)

----------------------------------------------------------------------------
HOLE
DRILL FROM TO DIP AZIMUTH ASSAY
HOLE No. ZONE (feet) (feet) (degrees) (degrees) (oz per ton/feet)
----------------------------------------------------------------------------
53-1520 Lower D 968.0 981.7 -28 335 6.14/13.7' CL approx.
North? equal to 11.8' TW,
Uncut
1.82/13.7' CL approx.
equal to 11.8' TW,
Cut(i)
Incl. 968.0 970.0 31.55/2.0' CL approx.
equal to 1.7' TW, VG,
Tell
and 970.0 972.3 4.60/2.3' CL approx.
equal to 2.0' TW, VG,
Tell
and 977.0 979.0 1.17/2.0' CL approx.
equal to 1.7'TW
and 979.0 980.0 4.02/1.0' CL approx.
equal to 0.9' TW
and 980.0 981.7 1.64/1.7' CL approx.
equal to 1.5' TW
----------------------------------------------------------------------------
53-1506 New Zone 522 527.7 -39 328 8.60/5.7' CL approx.
equal to 5.2' TW, Uncut
3.50/5.7' CL approx.
equal to 5.2' TW,
Cut(i)
Incl. 522.0 524.0 12.07/2.0' CL approx.
equal to 1.8' TW, VG,
Tell
and 524.0 525.3 5.52/1.3' CL approx.
equal to 1.2' TW, VG,
Tell
and 525.3 527.7 7.38/2.4' CL approx.
equal to 2.2' TW, VG,
Tell
----------------------------------------------------------------------------

TW = True Width, CL = Core Length, VG = Visible Gold, Tell = Tellurides,
(i)Cut = cut to 3.5 opt, ?? TW = Unknown True Width

The following table summarizes the latest drilling results (Metric values)

----------------------------------------------------------------------------
HOLE
DRILL FROM TO DIP AZIMUTH ASSAY
HOLE No. ZONE (m) (m) (degrees) (degrees) (grams per tonne/m)
----------------------------------------------------------------------------
53-1520 Lower D 295.1 299.3 -28 335 210.52/4.2m CL approx.
North? equal to 3.6m TW, Uncut
62.4/4.2m CL approx.
equal to 3.6m TW,
Cut(i)
Incl. 295.1 295.7 1081.72/0.6m CL approx.
equal to 0.5m TW, VG,
Tell
and 295.7 296.4 157.72/0.7m CL approx.
equal to 0.6m TW, VG,
Tell
and 297.9 298.5 40.11/0.6m CL approx.
equal to 0.5m TW
and 298.5 298.8 137.83/0.3m CL approx.
equal to 0.3m TW
and 298.8 299.3 56.23/0.5m CL approx.
equal to 0.5m TW
----------------------------------------------------------------------------
53-1506 New Zone 159.1 160.9 -39 328 294.86/1.8m CL approx.
equal to 1.6m TW, Uncut
120.00/1.8m CL approx.
equal to 1.6m TW,
Cut(i)
Incl. 159.1 159.8 413.83/0.7m CL approx.
equal to 0.5m TW, VG,
Tell
and 159.8 160.2 189.26/0.4m CL approx.
equal to 0.4m TW, VG,
Tell
and 160.2 160.9 253.03/0.7m CL approx.
equal to 0.7m TW, VG,
Tell
----------------------------------------------------------------------------

TW = True Width, CL = Core Length, VG = Visible Gold, Tell = Tellurides,
(i)CUT = cut to 120.0 grams/tonne, ?? TW = Unknown True Width

/T/

About the Company

The Company purchased the Macassa Mine and the 1,450 ton per day mill along with four former producing
gold properties - Kirkland Lake, Teck-Hughes, Lake Shore and Wright Hargreaves - in December 2001.
These properties, which have historically produced some 22 million ounces of gold, extend over seven
kilometres between the Macassa Mine to the west and Wright Hargreaves to 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 results of the Company's underground diamond drilling program have been reviewed, verified
(including sampling, analytical and test data) and compiled by the Company's geological staff (which
includes a 'qualified person', Stewart Carmichael P.Geo., the Company's Chief Exploration Geologist,
for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects, of the
Canadian Securities Administrators). Mr. Carmichael also supervised the preparation of the information
that forms the basis of the technical disclosure in this release.

The Company has implemented a quality assurance and control (QA/QC) program to ensure sampling and
analysis of all exploration work is conducted in accordance with the best possible practices. The
drill core is sawn in half with one half of the core samples shipped to Swastika Laboratories in
Swastika, Ontario, or to Polymet Resources Inc. in Cobalt, Ontario. The other half of the core is
retained for future assay verification. Other QA/QC includes the insertion of blanks, and the regular
re-assaying of pulps and rejects at alternate certified labs. Gold analysis is conducted by fire assay
using atomic absorption or gravimetric finish. The laboratory re-assays at least 10% of all samples
and additional checks may be run on anomalous values.

The Company's Macassa Mine Property is the subject of reserve reports prepared by Glenn R. Clark,
P.Eng. entitled:

- Review of Resources and Reserves of Macassa Mine, Kirkland Lake, Ontario dated July 15, 2008

- Review of Resources and Reserves of Macassa Mine, Kirkland Lake, Ontario dated July 16, 2009

Both of these technical reports have been filed on SEDAR (www.sedar.com).

Cautionary Note Regarding Forward Looking Statements

This Press Release may contain statements which constitute "forward-looking statements", including
statements regarding the plans, intentions, beliefs and current expectations of the Company, its
directors, or its officers with respect to the future business activities and operating performance of
the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe",
"estimate", "expect" and similar expressions, as they relate to the Company, or its management, are
intended to identify such forward-looking statements. Investors are cautioned that any such forward-
looking statements are not guarantees of future business activities or performance and involve risks
and uncertainties, and that the Company's future business activities may differ materially from those
in the forward-looking statements as a result of various factors. Such risks, uncertainties and
factors are described in the periodic filings with the Canadian securities regulatory authorities,
including the Company's Annual Information Form and quarterly and annual Management's Discussion &
Analysis, which may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or
uncertainties materialize, or should assumptions underlying the forward-looking statements prove
incorrect, actual results may vary materially from those described herein as intended, planned,
anticipated, believed, estimated or expected. Although the Company has attempted to identify important
risks, uncertainties and factors which could cause actual results to differ materially, there may be
others that cause results not be as anticipated, estimated or intended. The Company does not intend,
and does not assume any obligation, to update these forward-looking statements.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

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

Kirkland Lake Gold Inc.
Lindsay Carpenter
Director of Investor Relations
416-840-7884
lcarpenter@klgold.com

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

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

Ocean Equities Ltd.
Guy Wilkes
+44 207 786 4370
guy.wilkes@oceanequities.co.uk

NOMAD: Panmure Gordon (UK) Limited
Dominic Morley
+44 20 7459 3600
dominic.morley@panmure.com

NOMAD: Panmure Gordon (UK) Limited
Ashton Clanfield
+44 20 7459 3600

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.

-0-

Kirkland Lake Gold Inc.

Investegate takes no responsibility for the accuracy of the information within the site.

The announcements are supplied by the denoted source. Queries about the content of an announcement should be directed to the source. Investegate reserves the right to publish a filtered set of announcements. NAV, EMM/EPT, Rule 8 and FRN Variable Rate Fix announcements are filitered from this site.