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Click to edit Master title style TSX:KGI Click to edit Master Click to edit Master text styles text styles Second level Second level GROWTH & VALUE Third level Third level Fourth level Fourth level Fifth

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TSX:KGI 1 klgold.com

TSX:KGI

GROWTH & VALUE

Creating an Ontario Focused Intermediate Gold Producer

European Gold Forum | April 20, 2016 Park Hyatt Zurich Presenter: Perry Ing, CPA-CA, CPA (Ill), CFA | CFO

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TSX:KGI 2 klgold.com TSX:KGI klgold.com 2

Forward Looking Statements

Cautionary Note Regarding Forward Looking Statements.

Statements made in the Company’s handouts and as part of the corporate presentation contain statements which constitute ”forward- looking statements”, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to the future business activities and operating performance of the Company. The words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. Forward-looking statements used in handouts and as part of the corporate presentation include, but may not be limited to; statements regarding the Company’s guidance metrics for 2016 including, gold production, head grade, cash operating costs, AISC, capital expenditures, revenue, cash flow from operations and free cash flow generation; the exploration programs and associated budgets with respect to the Kirkland Lake Camp and East Timmins Assets and the results and timing thereof, the medium to long-term strategy and potential of the Company to continue to grow by way of organic growth and/or through various strategic transactions, including mergers and acquisitions.

With respect to the forward looking information of Kirkland Lake and/or St Andrew Goldfields Ltd., concerning gold resources and reserves of the Kirkland Lake properties and the East Timmins assets, and the development of the Kirkland Lake properties and the East Timmins assets are subject to various key assumptions described in each party’s respective Annual Information Forms and Technical Reports referred to herein and as filed on the SEDAR profiles of both companies at www.sedar.com. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made such as, without limitation, opinion, assumptions and estimates of management regarding the Company’s business, its ability to increase its production capacity and decrease its production cost. Such opinions, assumptions and estimates, are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors are discussed in length in the Company's annual Management's Discussion and Analysis and Annual Information Form for the year ended December 31, 2015 filed with the securities regulatory authorities in certain provinces of Canada and available 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 to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

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TSX:KGI 3 klgold.com

A New Mid-Tier Gold Producer

STRONG LEADERSHIP

ROBUST PRODUCTION AND ASSET DIVERSIFICATION FROM 4 MINES INCREASED FINANCIAL FLEXIBILITY AND SOLID BALANCE SHEET EXPLORATION POTENTIAL IN TWO HISTORIC CAMPS WITHIN THE ABITIBI SUSTAINABLE, PROFITABLE MID-TIER GOLD PRODUCER

  • Ontario focused gold producer targeting between

270-290 Koz’s in 2016

  • Healthy balance sheet with $130 million in cash in

excess of the convertible debentures that come due in 2017.

  • Combined strong future cash flow generation.
  • Consolidation of large land holdings in the heart of

two Ontario gold camps

  • Robust level of reserves and resources with 2.3

Moz’s of P&P reserves, 4.7 Moz’s of M&I resources plus an additional 3.9 Moz’s of inferred resources.*

  • Benefits with all Canadian assets leveraged to the

Canadian dollar gold price

See Appendix for more disclosure on MRMR statement which is as of December 31, 2014.

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TSX:KGI 4 klgold.com

2016 Guidance Metrics

Guidance Metrics 2016 Guidance

Gold Production 1 (ounces)

270,000 – 290,000

Head Grade (g/t)

7.7 g/t Au

Cash Operating Cash Costs (C$/Oz)

$800 - $850 (US$600-US$6503)

All-In Sustaining Costs 2 (C$/Oz of gold sold)

$1,300 - $1,350 (US$1,000 – US$1,0503)

Total Capital Expenditures (New & Sustaining Capital, Property, Plant & Equipment)

$120 Million

1 Production includes East Timmins for the first 25 days of January (7,189 ozs), as the acquisition of St Andrew Goldfields Ltd., did not close until

January 26, 2016.

2 AISC costs per ounce sold is a non-GAAP performance measures. While it is a common performance measures in the mining industry it does not

have any standardized meaning. The Company provides a reconciliation of its non-GAAP performance measures in its most recent Management Discussion & Analysis (“MD&A”), for the period ended December 31, 2015.

3 USD:CAD exchange rate of 1.3

Q1/16 Production 69,654 ozs

Guidance 270 – 290 kozs

On track to meet 2016 Production Guidance

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TSX:KGI 5 klgold.com

Diversified Assets In A Prolific, Mining Friendly Region

East Timmins Operations (“ETO”)

Q1/16 Production1 28.4 koz Au Q3 2015 AISC* US$934/oz Au Holt Mill 3,000 tpd (75% utilized) Resources & Reserves* Total P&P (including Hislop Mine) 0.8 Mozs (5.3 g/t Au) Holt Mine 591 kozs (4.8 g/t Au) Taylor Mine 156 kozs (6.3 g/t Au) Holloway Mine 40 kozs (5.4 g/t Au) Measured & Indicated (Property Wide) 2.7 Mozs (2.4 g/t Au) Inferred (Property Wide) 2.2 Mozs (4.5 g/t Au)

Macassa Mine Complex

Q1/16 Production 41.1 koz Au SY 2015 AISC2 US$977/oz Au Macassa Mill 2,000 tpd (50% utilized) Reserves & Resources* Total P&P Reserves (Macassa Mine Complex) 1.5 Mozs (19.2 g/t Au) Measured & Indicated (Property Wide) 2.0 Mozs (16.8 g/t Au) Inferred (Property Wide) 1.7 Mozs (19.2 g/t Au) *Resources are exclusive of Reserves. See Company websites for NI 43-101 disclosure (www.kllgold.com; www.sasgoldmines.com)

Assets in close proximity within an 80km radius, accessed by provincial highways.

QUÉBEC

1 Q1 Production from East Timmins Operations includes 7,189 ounces from ETO from

January 1 to January 25, 2016.

2 AISC is a non-GAAP measure, see SY2015 MDA for reconciliation of non-GAAP measures

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TSX:KGI 6 klgold.com

A Corner Stone High-Grade Asset

MACASSA MINE COMPLEX

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TSX:KGI 7 klgold.com

One of the Highest Grade Gold Mines In The World

Select Group of Producing Assets with +1Moz’s in Reserves

Mine Operator Location

Gold Grade Reserves Reserve Update g/t Au Date

Macassa Mine Complex Kirkland Lake Gold Canada (Ontario) 19.2 1.5 Moz

Dec/2014

Turquoise Ridge Barrick USA (Nevada) 16.9 4.2 Moz

Dec/2015

Dvolnye Kinross Russia 15.0 1.0 Moz

Dec/2015

Moab Khotsong AngloGold Ashanti South Africa 10.1 5,5 Moz

Dec/2014

Mponeng AngloGold Ashanti South Africa 9.6 12.1 Moz

Dec/2014

Red Lake Goldcorp Canada 9.1 2.1 Moz

Dec/2015

Kupol Kinross Russia 8.5 2.1 Moz

Dec/2015

TauTona AngloGold Ashanti South Africa 8.1 1.2 Moz

Dec/2014

19.2 15.3 15.0 10.1 9.6 9.1 8.5 8.1 0.0 5.0 10.0 15.0 20.0 25.0

Macassa Mine Complex Turquoise Ridge Dvolnye Moab Khotsong Mponeng Red Lake Kupol Tau Tona

Grade g/t Reserve Grades

Company Source – This is a select group of Companies that illustrate producing mines only with mineral reserves in excess of 1Moz’s (gold only, no equivalent Au ounces shown)

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TSX:KGI 8 klgold.com

5025 Level P+P 28,000 Tons @ 0.48 oz/ton 14,000 Oz’s M+I 74,000 Tons @ 0.42 oz/ton 32,000 Oz’s 5300 Level P+P 561,000 Tons @ 0.47 oz/ton 261,000 Oz’s M+I 245,0000 Tons @ 0.43 oz/ton 107,000 Oz’s 5400 Level P+P 370,000 Tons @ 0.61 oz/ton 226,000 Oz’s M+I 174,000 Tons @ 0.42 oz/ton 72,000 Oz’s 5600 Level P+P 239,000 Tons @ 0.77 oz/ton 183,000 Oz’s M+I 186,000 Tons @ 0.63 oz/ton 117,000 Oz’s 5700 Level P+P 202,000 Tons @ 1.03 oz/ton 208,000 Oz’s M+I 164,000 Tons @ 0.91 oz/ton 96,000 Oz’s

South Mine Complex

OPEN

*Drawing not to scale

5800 to 6600 Level P+P 50,000 Tons @ 0.83 oz/ton 41,000 Oz’s M+I 551,000 Tons @ 0.91 oz/ton 499,000 Oz’s

OPEN OPEN

16.5 g/t 16.1 g/t 20.9 g/t 26.4 g/t 35.3 g/t 28.5 g/t

Fully developed and currently in production 80% developed with 6 stopes in production Currently in development, first stopes expected to come into production in Q4/16 Ramp development towards 5700 Level in progress, expected to start developing this level in 2017

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TSX:KGI 9 klgold.com

Macassa Mine Complex

Reserves & Resources Property Wide SMC

Mineral Reserves (P&P)

1.5 Moz’s @ 19.2 g/t

2.4M tonnes

0.9 Moz’s @ 22.3 g/t

1.3M tonnes

Mineral Resources (M&I)

2.0 Moz’s @ 16.8 g/t

3.8M tonnes

0.9 Moz’s @ 22.6 g/t

1.3M tonnes

Mineral Resources (Inferred)

1.7 Moz’s @ 19.2 g/t

1.9M tonnes

0.9 Moz’s @ 22.3 g/t

1.2M tonnes

2016E Gold Production

160 – 170 Koz’s

70% of tonnes from the SMC and 30% from the ’04/Main Break

Head Grade

15.1 g/t Au

Blended head grade based on tonnes produced from each area of the mine.

Property, Plant & Equipment

$25

Includes PP&E, and minor infrastructure improvement projects

Capital Development

$45

Includes new and sustaining capital

See Appendix for more disclosure on MRMR statement which is as of December 31, 2014.

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TSX:KGI 10 klgold.com

Sustainable Assets

EAST TIMMINS OPERATIONS

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TSX:KGI 11 klgold.com

East Timmins Assets along the PDFZ

Holt, Holloway, Taylor Producing Assets Hislop Care & Maintenance Ludgate, Aquarius Exploration Targets with existing resources Garrison Creek Exploration Target 120km strike of contiguous land straddling the Porcupine-Destor Fault Zone

Blackfox Mine & Greyfox Deposit (Primero Mining) Aquarius Hislop Ludgate Garrison Creek

120km

N

Fenn-Gibb Deposit (Lake Shore Gold)

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TSX:KGI 12 klgold.com

East Timmins Operations

Reserves & Resources Property Wide

Mineral Reserves (P&P)

0.8 Moz’s @ 5.3 g/t

5.2M tonnes

Mineral Resources (M&I)

2.7 Moz’s @ 2.4 g/t

35.3M tonnes

Mineral Resources (Inferred)

2.2 Moz’s @ 4.5 g/t

14.9M tonnes

See Appendix for more disclosure on MRMR statement which is as of December 31, 2014.

2016E Gold Production

110 - 120 Koz’s

Holt, Holloway and Taylor mines.

Head Grade

4.8 g/t Au

Blended head grade based on tonnes produced from each mine.

Property, Plant & Equipment

$20

Includes PP&E, and minor infrastructure improvement projects

Capital Development

$30

Includes new and sustaining capital

HOLT MINE ~1,250tpd HOLLOWAY MINE ~500tpd TAYLOR MINE ~600tpd

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TSX:KGI 13 klgold.com

Organic Growth Opportunities

EXPLORATION PROGRAMS

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TSX:KGI 14 klgold.com

2016 Exploration Programs

Kirkland Lake Camp (~$10MM)

Mine-site Exploration (underground)

  • SMC drilling to convert Inferred

resources into M&I, find new resources to extend mine life.

  • ’04 Break drilling to identify a new

mining horizon at a higher elevation, in closer proximity to the shaft.

Regional Exploration Program (surface)

  • Test for the extension of the SMC or a

new ore body similar to that of the SMC.

  • Test the Main Break at depth.

East Timmins Assets (~$8MM)

Mine-site Exploration (surface and underground)

  • Focused exploration program to

delineate resources and extend mine- life at the Holloway and Taylor mines.

Land Position Evaluation

  • Continue to evaluate the East

Timmins land position and assets for future exploration efforts either towards the end of 2016 or beginning

  • f 2017.
  • Asses assets for possible divestiture
  • r JV opportunities.
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TSX:KGI 15 klgold.com

Regional Exploration Across a Prolific Trend

  • Initial results from our regional program do not appear to be Main Break related (Phase 1)
  • Geophysics anomalies identified and follow-up targeting exercise completed as part of Phase 1a
  • Phase 1a program has 2 remaining holes in progress.
  • Phase 2 will target the Main Break at depth and consist of infill drilling.

Kirkland Minerals

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TSX:KGI 16 klgold.com

Enhanced Market Profile and Deleveraged Balance Sheet

FINANCIAL STRENGTH

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TSX:KGI 17 klgold.com

Financial Position

CASH C$130.5 million 1 DEBT C$119 million 3

convertible debentures (principal amount owing)

KGI.DB: 6% coupon/ $15.00 strike C$56.9MM mature Jun/2017 KGI.DB.A: 7.5% coupon/ $13.70 strike C$62.1MM mature Dec/2017 NCIB allows KGI to purchase up to 10% of each issue within a 12 month period commencing April 6, 2016, and can be renewed annually 3

ROYALTY 2.5% NSR

Franco Nevada Corporation

Option to buyback 1% by October 31, 2016, at a cost of US$36MM less any money paid against the 1% 52 Week Performance 2 HIGH C$9.53 LOW C$4.49 Current Share Price C$8.41 Major Shareholders (~40%) 2 Van Eck Associates Corporation (~10%) Resolute Funds (~7%) Eric Sprott (~6%) Columbia Asset Management LLC (~5%) Abramson Family (~5%) Harry Dobson (~3%) Sprott Asset Management (~3%) Sentry Select (~3%)

CAPITAL STRUCTURE 2

ISSUED SHARES 115.5 million Stock Options ~4.3 million FULLY DILUTED ~119.8 million MARKET CAP ~971 million

1 As at March 31, 2016: 2 As at April 1, 2016

3 See press release dated April 4, 2016 for details on the NCIB

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TSX:KGI 18 klgold.com

KGI 2 Year Relative Share Price Performance

50% 75% 100% 125% 150% 175% 200% 225% 250% 275% 300% Apr-14 Jun-14 Aug-14 Oct-14 Dec-14 Feb-15 Apr-15 Jun-15 Aug-15 Oct-15 Dec-15 Feb-16 Apr-16

Kirkland Lake (TSX:KGI) Gold Price (C$ / oz) GDX Index (C$)

(1%) 13% 252%

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TSX:KGI 19 klgold.com

Investment Highlights

Strong leadership from an experienced board of directors and management team with proven results. Asset diversification with 4 mines and 2 mills in a safe and mining friendly jurisdiction. +270,000 ounces of production with AISC expected between US$1,000 to US$1,050 for 2016. ~$1Billion market capitalization, increased trading liquidity, and inclusion in the GDX index and possible future inclusion in the S&P/TSX Composite index. Pure Canadian producer highly leveraged to the Canadian dollar gold price.

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TSX:KGI 20 klgold.com

APPENDIX Notes, additional disclosure and other information

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TSX:KGI 21 klgold.com

Experienced Team

Eric Sprott 2

Non-executive Chairman

Barry Cooper, B.Sc., MBA 1

Non-executive Director

Michael Churchill, MBA 4

Non-executive Director

Pamela Klessig, P.Geo.

Non-executive Director

Barry Olson, M.Sc. 1

Non-executive Director

Jeffrey Parr, CPA-CA, BA, MBA 1

Non-executive Director

Dawn Whittaker, LLB

Non-executive Director

George Ogilvie, P.Eng.

Director

George Ogilvie, P.Eng. President & Chief Executive Officer Perry Ing, CPA-CA, CPA (Ill), CFA 3 Chief Financial Officer Chris Stewart, P.Eng. VP Operations Doug Cater, P.Geo. 5 VP Exploration Keyvan Salehi, P.Eng., MBA 5 VP Corporate Development Jennifer Wagner, LL.B. Legal Counsel Suzette N Ramcharan, CPIR Director, Investor Relations Kevin Fearn, BA, CHRP, CHRL Director, Human Resources

Board of Directors Senior Management

1 Appointed October 2014; 2 Appointed February 2015; 3 Appointed November 2015, 4 Appointed January 25, 2016, 5 Appointed

February 1, 2015

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Analyst Coverage

Firm Analyst

GMP Oliver Turner Dundee Securities Ron Stewart CIBC World Markets Cosmos Chiu Macquarie Capital Markets Michael Siperco BMO Capital Markets Brian Quast M Partners Andrew Mikitchook Mirabaud Securities Richard Morgan

Firm Analyst

Scotiabank Craig Johnston PI Financial Philip Ker Pareto Securities John McClintock National Bank Financial Raj Ray Clarus Securities Jamie Spratt Investec Bank Hunter Hillcoat Very Independent Research John Tumazos

KIRKLAND LAKE GOLD IS FOLLOWED BY THE ANALYSTS LISTED ABOVE. THIS LIST IS PROVIDED FOR INFORMATION PURPOSES ONLY AND IS SUBJECT TO CHANGE AS COVERAGE IS ADDED OR DROPPED BY A FIRM. OPINIONS, ESTIMATES OR FORECASTS REGARDING KIRKLAND LAKE GOLD'S PERFORMANCE THAT ARE MADE BY THESE ANALYSTS ARE THEIRS ALONE AND DO NOT REPRESENT THE OPINIONS, ESTIMATES OR FORECASTS OF KIRKLAND LAKE GOLD OR ITS MANAGEMENT. KIRKLAND LAKE GOLD DOES NOT IMPLY ITS ENDORSEMENT OF, OR CONCURRENCE WITH, SUCH INFORMATION, CONCLUSIONS OR RECOMMENDATIONS AND TAKES NO RESPONSIBILITY FOR MONITORING, SUPPLEMENTING OR CORRECTING ANY INFORMATION OR FORECASTS PROVIDED BY THE ANALYSTS.

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KGI Reserve & Resource Estimates

Resources are exclusive of Reserves

Grade Grade

Au

Grade Grade

Au

Grade Grade

Au

  • pt

g/t

(000's)

  • pt

g/t

(000's)

  • pt

g/t

(000's) '04 & Main Break

545 0.43 494 14.7 236 583 0.48 529 16.5 278 1,128 0.46 1023 15.8 514

South Mine Complex

346 0.51 314 17.5 177 1,120 0.69 1016 23.7 773 1,467 0.65 1,331 22.3 949 Macassa Mine Complex 891 0.46 808 15.8 412 1,703 0.62 1,545 21.3 1,051 2,595 0.56 2,354 19.2 1,463 Proven

Tonnes (000's) Tons (000's) Tonnes (000's)

Zone Probable Proven & Probable

Tons (000's) Tonnes (000's)

Tons (000's)

MINERAL RESERVES - As at December 31, 2014

Note: Columns may not add due to rounding. Macassa Mine Complex reserves the ’04 & Main Break and the SMC.

MINERAL RESOURCES - As at December 31, 2014

Grade Grade Au

  • pt

g/t (000's) 04 & Main Break

485 0.41 440 14.1 201

SMC

1,358 0.65 1,232 22.3 876

Near Surface Target

100 0.42 91 14.4 42 Property Wide 2,114 0.56 1,918 19.2 1,777 Zone

Tons (000's) Tonnes (000's)

Inferred Note: Columns may not add due to rounding. Property Wide resources include the ’04 & Main Break, SMC, Near Surface Target, as well as peripheral resources blocks (such as the Lakeshore Ramp). Grade Grade Au Grade Grade Au Grade Grade Au

  • pt

g/t

(000's)

  • pt

g/t

(000's)

  • pt

g/t

(000's) 04 & Main Break

1063 0.4 964 13.7 430 1148 0.42 1041 14.4 483 2,211 0.41 2006 14.1 913

SMC

33 0.37 30 12.7 12 1377 0.67 1249 23.0 917 1,410 0.66 1279 22.6 929

Near Surface Target

  • 330

0.34 299 11.7 112 330 0.34 299 11.7 112 Property Wide 1106 0.4 1003 13.7 447 3,096 0.52 2,809 17.8 1,599 4,202 0.49 3,812 16.8 2,047 Measured

Tons (000's) Tonnes (000's)

Zone Indicated Measured & Indicated

Tons (000's) Tonnes (000's)

Tons (000's) Tonnes (000's)

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QP Info and Notes to Reserves & Resources

The reserve and resource estimates have been audited and verified, and the technical disclosure in the press release dated April 13, 2015, has been approved, by the Company’s independent reserve and resource engineer, Glenn R. Clark, P. Eng., of Glenn R. Clark & Associates Limited. Mr. Clark is a ‘qualified person’ under National Instrument 43-101, Standards of Disclosure for Mineral Projects, of the Canadian Securities Administrators. The report detailing the December 31, 2014, reserve and resource estimates is available on SEDAR (www.sedar.com). See ‘Notes for Reserves and Resources’ below for key assumptions, parameters and methods used to estimate the foregoing reserves and resources. Notes for Reserves and Resources: The reserves and resources have been classified according to the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards on Mineral Resources and Reserves: Definition and Guidelines (December 2005). 1. The reserves and resources are estimated using the polygonal method. 2. Resources do not include reserves. 3. All intersections are calculated to a 6.0 foot minimum horizontal mining width for structures dipping at greater than 45 degrees. The minimum mining height for structures dipping less than 45 degrees is 9.0 feet. 4. Dilution is added to reserves at varying rates depending on the mining method, and the width of the ore. The average dilution of the reserves at December 31, 2014, is 27% at 0.02 opt, marginally up from an average of 24.0% the previous year. Long-hole stopes are diluted by anywhere between 50-100% (mostly 50%). Cut and fill stopes are diluted by anywhere between 10-50%. 5. All higher grades are cut to 3.50 opt. Based on a statistical analysis completed by Scott Wilson Roscoe Postle Associates Inc. in 2007, the Company has implemented various higher grade cutting factors for four zones in the South Mine Complex. These four zones are the New South Zone (7.20 opt), Lower D North (9.30 opt), Lower D North Footwall (4.80 opt), and the #7 and #7 HW Zones (6.40 opt). Cut-off grades of 0.22 opt and 0.18 opt are used for reserve and resource calculations respectively, depending on the location, and economics of the block. Generally, a cut-

  • ff of 0.22 opt is required on a whole-block basis to achieve profitability and reserve classification. It is possible to have sub-blocks within an ore

reserve block that assay less than any cut-off which have been incorporated for mining or geotechnical reasons. Ore blocks that grade between 0.18 opt and the cut-off of 0.22 opt have been classified as resource. The cut-off grade for near-surface resources (surface to -1,000 foot elevation) is 0.12 opt. An internal report completed by Roscoe Postle and Associates in October 2014, suggest that the cutting factor for mineralization on the Amalgamated Trend be set at 2.50 opt. This grade capping was implemented by the Company and incorporated in the estimates for 2014. 6. The area of influence of the proven and measured categories are 30 feet from development chip samples, probable and indicated categories are 50 feet of radius from a known sample point (drill holes) and inferred is another 50 feet of influence (between 50 – 100 feet). 7. A 94.2% tonnage recovery is used. Continuity of the veins appears very good. 8. The assumptions used include CAD$1,350.00 (US$1,200) per ounce of gold. 9. The Company is not aware of any environmental, permitting, legal, title, taxation, socio-political, marketing or other issue that may materially affect its estimate of mineral resources.

  • 10. Mineral resources which are not mineral reserves do not have demonstrated economic viability.
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East Timmins Assets – Mineral Reserves & Resources

Total Reserves Measured Indicated Measured + Indicated Inferred

Tonnes ('000) Grade (g/t Au) Ounces Au ('000 oz) Tonnes ('000) Grade (g/t Au) Ounces Au ('000 oz) Tonnes ('000) Grade (g/t Au) Ounces Au ('000 oz) Tonnes ('000) Grade (g/t Au) Ounces Au ('000 oz) Tonnes ('000) Grade (g/t Au) Ounces Au ('000 oz)

Holt

3,866 4.75 591 3,702 3.97 473 3,861 3.90 485 7,563 3.94 957 7,866 4.67 1,181

Holloway

233 5.35 40 310 4.71 47 482 4.54 70 792 4.61 117 2,479 4.88 389

Taylor

774 6.27 156 0.00 2,323 4.76 356 2,323 4.76 356 1,951 4.10 257

Hislop

280 5.16 46 983 4.01 127 983 4.01 127 690 4.16 92

Aquarius

  • 0.00

22,300 1.29 926 22,300 1.29 926 9 0.79

Clavos

  • 0.00

503 4.81 78 503 4.81 78 318 4.73 48

Ludgate

  • 0.00

522 4.06 68 522 4.06 68 1,396 3.60 162

Canamax

  • 0.00

240 5.09 39 240 5.09 39 170 4.26 23

Total 5,153

5.03 833 4,012 4.03 520 31,214 2.14 2,149 35,227 2.36 2,668 14,879 4.50 2,154

As at December 31, 2014 - See website for notes and additional 43-101 disclosure (www.sasgoldmines.com)

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www.klgold.com

Suzette N Ramcharan, CPIR Director of Investor Relations +1-647-361-0200 info@klgold.com

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