Kirkland Lake Gold Announces Power Resumption

KIRKLAND LAKE, ONTARIO--(Marketwire - May 29, 2012) - Kirkland Lake Gold Inc. (TSX:KGI)(AIM:KGI), ('Kirkland Lake' or the 'Company'), an operating and exploration gold mining Company in Northern Ontario, Canada, announces that full power was restored to its milling and mining complex on Monday, May 28, 2012. The Company intends to recommence full production on Thursday May 31^st. Employees are to return to work on their normal schedule on Thursday May 31, 2012 day shift, any employee required before then will be contacted directly. The Company took advantage of this downtime to complete maintenance and other project work that would have required an electrical shut down in the future.

Mr. Brian Hinchcliffe, President and CEO stated, "We thank all parties involved in working safely together to allow power to be restored and our employees to be able to return to full operation. The Ontario Provincial Police and Ministry of Natural Resources and the Town of Kirkland Lake's fire fighting crews have done and are still doing an outstanding job. Hydro One executed its power restoration plan under very difficult circumstances and, in doing so, put 1,000 people back to work! Lastly, we extend our appreciation to the radio station CKJL for its support in our communication efforts."

About the Company

The Company purchased the Macassa Mine and the 1,450 ton per day mill along with four former producing gold properties - Kirkland Lake, Teck-Hughes, Lake Shore and Wright Hargreaves - in December 2001. These properties, which have historically produced approximately 22 million ounces of gold, extend over seven kilometers between the Macassa Mine to the west and Wright Hargreaves to the east and, for the first time, are being developed and explored under one owner. This camp is located in the Southern Abitibi Greenstone Belt of Kirkland Lake, Ontario, Canada.

Cautionary Note Regarding Forward Looking Statements

This Press Release may contain statements which constitute 'forward-looking, 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 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.