Kirkland Lake Gold Inc.

Kirkland Lake Gold Inc.

January 15, 2010 13:16 ET

Kirkland Lake Gold Inc.: Final Tranche of Shares Issued & Cash Payment Made Under South Claims Acquisition

VANCOUVER,BRITISH COLUMBIA--(Marketwire - Jan. 15, 2010) - KirklandLake Gold Inc. (the "Company") (TSX:KGI)(AIM:KGI) announces ithas completed the issuance of the final tranche of shares and made the finalcash payment to the vendor of the South Claims. The Company issued 5,236 commonshares valued at C$50,000 (C$9.55 per share) and paid C$50,000. The shares aresubject to restrictions on transfer until May 16, 2010 but otherwise rank pari passu in all respects with the existing common shares. This now completesthe Company's purchase obligations. For complete details of the acquisition, seethe Company's press release dated April 17, 2007. The Company's joint venture partner, Queenston Mining Inc. has also made its final cash payment and shareissuance. As a result, the Company and Queenston have now completed theacquisition of the South Claims.

Application has beenmade to the London Stock Exchange for the 5,236 commonshares issued on closing to be admitted to be trading on AIM. It is expected that admission will be effective on January 21, 2010.

About theCompany

TheCompany purchased the Macassa Mine and the 1,500 ton per day mill along withfour former producing gold properties – Kirkland Lake, Teck-Hughes, Lake Shore and Wright Hargreaves – in December 2001. These properties, which havehistorically produced some 22 million ounces of gold, extend over seven kilometresbetween the Macassa Mine on the east and Wright Hargreaves on the west and, forthe first time, are being developed and explored under one owner. This camp islocated in the Abitibi Southern Greenstone Belt of Kirkland Lake, Ontario,Canada.

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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