FOR:  KIRKLAND LAKE GOLD INC.

TSX, AIM SYMBOL:  KGI

February 5, 2010

Kirkland Lake Gold Inc. Closes C$32.0 Million Bought Deal Private Placement Financing

KIRKLAND LAKE, ONTARIO--(Marketwire - Feb. 5, 2010) -

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

Kirkland Lake Gold Inc. (TSX:KGI)(AIM:KGI) announced today the closing of its previously announced
bought deal private placement for gross proceeds of C$32,014,125. The offering was underwritten by a
syndicate of underwriters, led by Wellington West Capital Markets Inc. and including Dundee Securities
Corp., and acting as a placement agent, Ocean Equities Ltd.

The securities issued and issuable pursuant to the Offering will be subject to a restricted resale
period in Canada expiring on June 5, 2010. Application is being made to the AIM Market of the London
Stock Exchange for the shares issued and issuable pursuant to the offering, to be admitted for trading
on February 11, 2010. The new shares rank pari passu in all respects with the existing issued shares.
It is expected that trading in the shares issued on closing will commence on the Toronto Stock
Exchange following the expiry of the four month hold period applicable under Canadian securities
legislation.

The net proceeds of the Offering will be used for exploration and development of the Company's mineral
projects, working capital, and general corporate purposes.

"Kirkland Lake Gold has grown over the last year to over 425 employees. As we make the transition from
a development Company to an intermediate gold producer, we are focused on delivering the development
work required to increase daily production and extend the life of our mine in a conscientious and
timely matter, concurrent with continuing our aggressive exploration and ore-body definition program
to expand our resource at the high grade South Mine Complex. I would like to thank Wellington West,
Dundee and Ocean Equities for their hard work and continued support," commented Chairman Harry Dobson.

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.
Lindsay Carpenter
Director of Investor Relations
416-840-7884
lcarpenter@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 20 7743 6675
chelsea.hayes@pelhampr.com

OR

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

OR

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.

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Kirkland Lake Gold Inc.