Kirkland Lake Gold Kirkland Lake Gold Purchases Second 0.5% NSR Royalty on the HM Claim

TIDMKGI

Kirkland Lake Gold Purchases Second 0.5% NSR Royalty on the HM Claim
FOR: KIRKLAND LAKE GOLD INC.

TSX, AIM SYMBOL: KGI

May 26, 2015

Kirkland Lake Gold Purchases Second 0.5% NSR Royalty on the HM Claim

TORONTO, ONTARIO--(Marketwired - May 26, 2015) - Kirkland Lake Gold Inc. (TSX:KGI)(AIM:KGI) ("Kirkland Lake
Gold" or the "Company"), an operating and exploration gold mining company, announces the exercise of its right
to buy-out a 0.5% net smelter return ("NSR") royalty (the "Royalty"), for $250,000, on the HM claim.

The Royalty is part of a larger 1% NSR royalty which was held by two private parties (of which 0.5% was
purchased in April for $250,000, see press release dated April 8, 2015). The HM claim was part of the Queenston
Mining Joint Venture, located approximately 2,000 feet (610 metres) southeast of the #2 shaft at the Macassa
Mine Complex.

Mr. George Ogilvie, President & Chief Executive Officer commented, "We are pleased to be able to purchase this
second 0.5% NSR royalty on the HM Claim. It is our belief that these royalty purchases are prudent at this time
and that going forward, significant additional value has been created for our shareholders."

About the Company

Kirkland Lake Gold Inc.'s corporate goal is to create a self-sustaining and long-lived intermediate gold mining
company based in the historic Kirkland Lake gold camp, as well as to explore opportunities for growth in other
safe mining jurisdictions. The Company plans to do this by mining to the reserve grade, generating profits and
free cash flow with a view to maximising value for the shareholders. The Company will also look to take
advantage of its increased infrastructure capacity in the appropriate gold price environment. At the same time,
the Company is committed to maintaining a significant exploration program aimed at developing and maintaining a
property wide reserve and resource base sufficient to sustain a mine life of more than ten years.

Over the last several years the Company has invested significant capital to improve the infrastructure of the
business including upgrading the production hoist, skips, mill, underground mobile equipment and capital
development. From initial discovery to present day there have been over 24 million ounces of gold mined from
the Kirkland Lake gold camp while the current reserve and resource provides for potentially 14 years of mining
with significant exploration upside.

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

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FOR FURTHER INFORMATION PLEASE CONTACT:

Kirkland Lake Gold Inc.
George Ogilvie, P.Eng
Chief Executive Officer
+1 709 532 5716
+1 705 568 6444 (FAX)
gogilvie@klgold.com

Kirkland Lake Gold Inc.
Suzette N. Ramcharan, CPIR
Director of Investor Relations
+1 647-284-5315
+1 705 568 6444 (FAX)
sramcharan@klgold.com
www.klgold.com

NOMAD: Panmure Gordon (UK) Limited
Dominic Morley / Adam James
+44 (0) 20 7886 2500

Blytheweigh
Tim Blythe/Halimah Hussain/Megan Ray
+44 (0) 20 7138 3204

Kirkland Lake Gold Inc.

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