TSX / AIM: KGI

GOLD PRODUCTION RAMP UP

IN ONTARIO HIGH GRADE CAMP SEPTEMBER 2012

TSX / AIM: KGI

KIRKLAND LAKE GOLD INC.CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

This presentation may contain statements which constitute ‘forward-looking statements’ within the

meaning of the Private Securities Litigation Reform Act of 1995 of the United States of America,

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 Company’s periodic filings with the Securities and Exchange Commission, including the

TSX / AIM: KGI

described in the Company’s periodic filings with the Securities and Exchange Commission, including the

Company’s annual report on Form 20-F and current report on Form 6-K, which may be viewed on

EDGAR at www.sec.gov, and its 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.

2

MANAGEMENT AND EXECUTIVE BOARD MEMBERS

HARRY DOBSONCHAIRMAN

• Decades of experience in mining capital markets

• Cofounder of Kirkland Lake Gold with Brian Hinchcliffe

• Built two mining companies with partner Brian

Hinchcliffe: American Pacific Mining which was sold to

Breakwater Resources and Jordex Resources, where the

nickel asset was sold to the Anglo American Corporation

BRIAN HINCHCLIFFEPRESIDENT, CEO AND DIRECTOR

• Over thirty years experience in the development of

mining projects and companies

• 10 years working at J Aron Goldman Sachs as a

metals trader

• Cofounder of Kirkland Lake Gold, American Pacific

Mining, and Jordex Resources with Harry Dobson

TSX / AIM: KGI

MARK TESSIERCOO AND DIRECTOR

• Directed underground mine expansion and production at

Goldcorp’s Red Lake Mine, a new discovery in a historic camp

resulting in 2.8 million ounces of production over 6 years

• BSc. in Mining Engineering with Honours from Queens

University

• Also worked at the Denison Mine in Elliot Lake, the Dome

Mine in Timmins, the Golden Giant Mine at Hemlo, and for JS

Redpath Limited

JOHN THOMSONCFO AND DIRECTOR

• Eight years various senior level experience in mining

and resource companies

• Variety of senior level positions with companies such

as PepsiCo

• Chartered Accountant who has studied at INSEAD

3

KIRKLAND LAKE GOLD PROFILE

OWNERSHIPEuropean institutions 30%

North American institutions 33%

LISTINGSKGI – Toronto (TSX)

KGI – London (AIM)

SHARES OUTSTANDING70,100,112 Basic

71,782,412 Fully diluted

52 WEEK RANGE$21.31 52 week high

$9.83 52 week low

TSX / AIM: KGI

North American institutions 33%

Management and Insiders 24%

Retail 13%

ANALYST COVERAGENational Bank Financial

Dundee Securities

CIBC World Markets

Macquarie Capital Markets

Desjardins Securities

Investec Bank

Panmure Gordon

Ocean Equities

$9.83 52 week low

MARKET CAP$860 million

(July 27, 2012, $12.15)

CASH BALANCEC$47.7 million

(September 6, 2012)*84% held as Government of

Canada Treasury Bills. The

significant change in the cash

balance is primarily due to the $20.0

million payment made to Queenston

on August 30, 2012 to complete the

acquisition of the joint venture

properties

MINE GOLD OUNCES

RECOVERED

GOLD OUNCES

PER TON

Wright-Hargreaves 4,821,296 0.49

Lake Shore 8,602,791 0.50

Teck Hughes 3,709,007 0.38

Kirkland Minerals 1,172,955 0.37

Macassa 3,569,253 0.44

Total – 1917 to 2004 21,875,302 0.44 (15.1 g/t)

4

• KGI will gradually become liable to full tax rate throughout the second half of

FY 2013 as brought forward losses are fully utilized

• Canada has progressively decreased the Federal Tax from 25% to 15%

commencing 2012. Ontario Provincial Tax is 12.5% for a combined tax of

approximately 27%

CANADA: LOW POLITICAL RISK; FISCALLY ATTRACTIVE

Canada – politically safe; one of the lowest tax rate

in first world mining jurisdictions

TSX / AIM: KGI

approximately 27%

– Recent Ontario budget announcements suggest certain fiscal advantages

currently being extended to mining companies may be gradually reduced

• Canada remained the top destination for global exploration over last few

years, attracting 16% of world spending, gold exploration expenditures in

2011 totalled 1 B

• Capital expenditures spent developing Canada’s mining properties totalled

$8.2 B in 2009

5

KL GOLD PROPERTY POSITION - $20 M PURCHASE PRICE +

LOW CAPEX EXPANSION

#3 SHAFT #2 SHAFT

TSX / AIM: KGI

3400 L

3800 L

4250 L4500 L

4750 L5025 L5300 L

5700 L

7000 L

2475 L

3000 L 3075 L

6

SOUTH MINE COMPLEX

KGI CORPORATE STRATEGY & OBJECTIVESBUILD RESERVES AND RESOURCES to 5+ MILLION OUNCES AND EXPAND PRODUCTION

CURRENT PRODUCTION GROWTH (MAY 1 – APRIL 30 FISCAL YEAR)

• FY 2012 (ended April 30, 2012) 100,275 ozs @ 0.37 opt or 12.7 gpmt

• FY 2012 Net income $41.3 M or $0.58/share

• FY2013 (Current) 180,000 – 200,000 ozs (CY May 1, 2012 – April 30, 2013)

• FY 2014-16 250,000 – 300,000 ozs (Begins CY May 1, 2013)

EXPANSION CAPEX SIGNIFICANTLY LOWERED BY USE OF EXISTING INFRASTRUCTURE

• Target strong return on total capital deployed

• 300% increase to hoisting capacity to 3,000 tpd using existing shaft, will support future

TSX / AIM: KGI

• 300% increase to hoisting capacity to 3,000 tpd using existing shaft, will support future

production levels

• Production growth from 50,000 ounces per year to 300,000 ounces per year will cost

$95 M, of which $64.9 M has been spent (as of July 31, 2012)

ACQUISITION OF QUEENSTON’S JV OFFERS PROSPECT OF NEXT HIGH GRADE OUNCES

• $60 M CAD purchase price paid in three tranches

• $10 M paid upon signed agreement, $20 M paid on August 30, 2012 closing date, $30 M on

December 3, 2012

7

200

250

300

350

200,000

250,000

300,000 CO

ST

S P

ER

TO

N (C

AD

$)

GOLD PRODUCTION FORECAST IN FISCAL YEARS COST PER TON

GO

LD R

EC

OV

ER

ED

(O

UN

CE

S)

OPERATING COSTS TO DECREASE WITH INCREASED TONNAGE

AND EFFICIENCIES

TSX / AIM: KGI

0

50

100

150

200

0

50,000

100,000

150,000

2011 2012 2013 2014 2015 2016

Gold Recovered Ounces

Cost Per Ton($)

CO

ST

S P

ER

TO

N (C

AD

$)

Fiscal Year Runs from May 1 – April 30

GO

LD R

EC

OV

ER

ED

(O

UN

CE

S)

8

SHAFT INFRASTRUCTURE

•Refurbish manway

•Install guides, tightlining

and brattice (#3 and #4

compartment)

•Install Ground SupportCage

Primary Hoist

(Upgrade)

Headframe

Reinforcement

TSX / AIM: KGI

Secondary Hoist

(New Installation)

51 Loading Pocket•Automation

•Upgrade

•Install Ground Support

•Add Fiber Optic Cables

•Relocate Drain Lines

•Relocate/Install Electrical

Cables

•Replace Guides (#1 and

#2 compartment)

•Add Air Line

•Upgrade 10 ton skips to

12.5 ton skips

Levels upgrade•Track

•Fire Doors / Station Doors

•Rehab

Skip

14 t.

Cage

Skip

14 t.

9

MILL UPGRADE

TSX / AIM: KGI 10

BATTERY POWERED SCOOPS SAVE $60+ M

IN VENTILATION CAPEX

TSX / AIM: KGI 11

TRAINING INVESTMENT & EMPLOYEE AGE DEMOGRAPHICS

80

100

120

140

160

69

149

138

104 102 100

89

75

TSX / AIM: KGI

18-21 22-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65+ Total

30 69 149 138 104 102 100 89 75 40 11 907

0

20

40

60

80

18-21 22-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65+

30

69

40

11

12

LABOUR COSTS 60+%

TRAINING, SAFETY AND PRODUCTIVITY

EMPLOYEE RETENTION PROGRAMS

• Competitive wage and bonus structure

• 7 day on, 7 day off work schedule

• Company family doctor

• Mine located in the town of Kirkland Lake

• Housing initiatives

• 2012 retention rate of 94%

SAFETY AWARDS

Recipient of the Provincial 2008 and 2010

Excellence in Safety Award for lowest accident

frequency for Underground Mines

TSX / AIM: KGI

HIRING AND TRAINING

• 216 people hired in FY 2012

• Total number of employees as of April 30,

2012 is 907 – up from 250 in 2008

RESUME FLOW

13

100

200

300

400

500

600

May June July

# of Resumes

Resumes

MINER PROMOTIONS

• 212 promotions to Miner 2 or Miner 1 in FY

2012

KGI has

invested

~$250 M on

the

development

of its gold

By FY 2014, KL Gold is

expecting to produce +250,000

ounces of gold at ~$700/ounce

cash costs. Assuming a $1,500

gold price, KGI would be

generating over ~$200 M of

High return

on capital

each year of

EMPHASIS ON RETURN ON INVESTMENT AND CAPITAL

DEPLOYED

TSX / AIM: KGI

of its gold

properties

generating over ~$200 M of

margin each year.

each year of

production

14

KIRKLAND LAKE GOLD CAMP PAID $117,189,112 IN DIVIDENDS

FROM 1934 - 1941

Year Lake Shore

Mines

Teck Hughes

Gold Mines

Wright

Hargreaves

Mines

Kirkland

Minerals

Macassa

Mines

Total

1934 7,000,000 2,643,929.20 3,025,000 157,173.69 131,403.40 13,930,881.29

1935 8,000,000 1,922,857.60 3,300,000 157,173.69 396,710.20 14,584,641.49

1936 10,000,000 2,163,214.80 3,300,000 316,974.66 401,710.20 16,989,799.66

TSX / AIM: KGI

1936 10,000,000 2,163,214.80 3,300,000 316,974.66 401,710.20 16,989,799.66

1937 12,000,000 2,403,572.00 3,850,000 479,402.91 535,613.60 20,259,963.51

1938 8,000,000 2,163,214.80 3,850,000 532,669.90 669,517.00 16,299,276.70

1939 7,500,000 2,067,071.92 3,850,000 532,669.90 870,372.10 15,940,988.92

1940 4,000,000 2,163,214.80 3,850,000 639,203.88 937,323.80 12,949,592.48

1941 3,100,000 1,922,857.60 4,001,250 585,936.89 937,323.80 11,804,228.29

Total 34,220,000 20,402,215 30,401,250 3,41,207 4,879,544 117,189,112

15

SOUTH MINE COMPLEX RESERVE/RESOURCE GROWTHDISCOVERY HOLE 90 FEET OF 2.30 OUNCES OF GOLD

300000

400000

500000

600000

700000

800000

900000

P+P RESERVE

M+I RESOURCES

INF RESOURCES

Grade Reported In Oz/Ton as at Dec 31st, 2011

0.66

0.630.64

0.79

0.67

0.74

0.76

0.65

0.76

0.84

0.63

0.74

0.790.78

OU

NC

ES

TSX / AIM: KGI

See Kirkland Lake news release dated May 30th, 2012, a copy of which has been filed on SEDAR for further particulars. The contents of the

above slide have been verified and approved by the Company’s Chief Exploration Geologist, Stewart Carmichael, P.Geo, a “qualified

person” for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral projects.

CATEGORY (CAL 2011) TONS GRADE (OPT) GRADE (G/mT) OUNCES

Proven

Probable

229,000

1,044,000

0.52

0.67

17.8

23.0

119,000

697,000

Measured

Indicated

14,000

1,228,000

0.24

0.63

8.2

21.6

3,000

777,000

Inferred 1,000,000 0.66 22.6 662,000

16

0

100000

200000

FY 2008 FY 2009 FY 2010 CAL 2010 CAL 2011

0.63

0.66

MINE WIDE RESERVE/RESOURCE GROWTH

Grade Reported In Oz/Ton as at December 31st, 2011

600,000

800,000

1,000,000

1,200,000

1,400,000

1,600,000

1,800,000

P+P RESERVE

M+I RESOURCES

INF RESOURCES

OU

NC

ES

0.51

0.47

0.510.55

0.48

0.58

0.56

0.47

0.60

0.54

0.440.59

0.54

0.41

0.61

TSX / AIM: KGI

CATEGORY (CAL 2011) TONS GRADE (OPT) GRADE (G/mT) OUNCES

Proven

Probable

1,269,000

1,615,000

0.42

0.58

14.4

19.9

539,000

934,000

Measured

Indicated

1,070,000

2,364,000

0.40

0.51

13.7

17.5

424,000

1,199,000

Inferred 1,971,000 0.51 17.5 1,004,000

See Kirkland Lake news release dated May 30th, 2012, a copy of which has been filed on SEDAR for further particulars. The contents of the

above slide have been verified and approved by the Company’s Chief Exploration Geologist, Stewart Carmichael, P.Geo, a “qualified

person” for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral projects.

17

0

200,000

400,000

FY 2008 FY 2009 FY 2010 CAL 2010 CAL2011

KL GOLD PLAN VIEW PRIOR TO QUEENSTON ACQUISITON

TSX / AIM: KGI 18

KL GOLD PLAN VIEW AFTER QUEENSTON ACQUISITON

10 KMS OF STRIKE LENGTH & 100% CONTROL OF 5 KM AMALGAMATED BREAK

TSX / AIM: KGI 19

SOUTH CLAIMS HIGH GRADE RESOURCES

TSX / AIM: KGI

See Kirkland Lake news release dated April 5th, 2011, a copy of which has been filed on SEDAR for further particulars

The contents of the above slide have been verified and approved by the Company’s Chief Exploration Geologist, Stewart Carmichael,

P.Geo, a “qualified person” for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral projects.

20

MAY 2011: 8.14 OUNCES OF GOLD OVER 47 FEET TRUE WIDTH ANNUAL EXPLORATION SPEND $18 M

TSX / AIM: KGI 21

FIRST DRILLING ON FORMER JV CLAIMS RETURN HIGH-

GRADE RESULTS

TSX / AIM: KGI 22

HIGH GRADE DEPOSIT

• Proven + Probable: 1,473,000 ozs @ 0.51 opt or 17.5 gpmt

• Measured + Indicated: 1,623,000 ozs @ 0.47 opt or 16.1 gpmt

• Inferred: 1,003,000 ozs @ 0.51 opt or 17.5 gpmt

GROWING YEARLY PRODUCTION AND CASH FLOW, DECLINING CASH COSTS

• Building yearly production to 250,000 – 300,000 ozs by start of FY 2014 (May 1, 2013)

• Cash costs to decrease once higher tonnage rate is sustained (1,600 tpd by November 2012, 2,200 tpd by

May 2013)

• Strong return on capital deployed, return on investment

POSITIONED FOR GROWTH

TSX / AIM: KGI

• Strong return on capital deployed, return on investment

• Low expansion capex due to use of existing infrastructure

• $64.9 M of expansion capital spent as of July 31, 2012

EXCELLENT EXPLORATION POTENTIAL IN PROLIFIC HISTORIC CAMP

• New high grade discovery (SMC) in historic camp; different geologic setting than quartz vein hosted Main

Break, which produced 21.8 M ounces of gold

• Exploration programs focused on SMC, West of SMC, newly acquired JV claims, surface programs and

more

• Acquisition of Queenston’s JV properties: SMC extends onto the new properties and the potential for

defining new ounces is considered excellent

POLITICALLY SAFE JURISDICTION, FULLY PERMITTED

23

CONTACTFOR FURTHER INFORMATION PLEASE CONTACT:

Brian Hinchcliffe

President , CEO and Director

705-567-5208

bhinchcliffe@klgold.com

TSX / AIM: KGI

bhinchcliffe@klgold.com

John Thomson

CFO and Director

705-567-5208

jthomson@klgold.com

Lindsay Carpenter

Director of Investor Relations

416-840-7884

lcarpenter@klgold.com