Kirkland Lake Gold Inc.

Kirkland Lake Gold Inc.

November 05, 2009 02:00 ET

Kirkland Lake Gold Inc.: Operations Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 5, 2009) - Kirkland Lake Gold Inc. (Kirkland Lake or the Company) (TSX:KGI)(AIM:KGI) reported in its news release dated September 15th, 2009 that a new paste fill hole had been drilled and is now in operation. The Company is pleased to report that drilling of a second paste fill hole has been completed to the 3400 foot level. Drilling has also started on a third paste fill hole from surface which will go to the 4200 foot level. Paste filling operations resumed in early October with 7 stopes filled during the month and gold production resumed in these areas.

During the last few months, a lot of work was designed to improve the reliability of the mine, and completing some of this work is being given priority over returning to production in some areas. It is estimated that the mine will not return to 700 tons per day production rate for roughly three months.

"The Board of Directors wish to thank the staff for their responsiveness and their drive to safely return the mine to production today," said Chairman Harry Dobson. "As we overcome the paste fill deficit and complete various rehabilitation and development projects, the Company will return to its longer term plans of producing 1400 to 1500 tons of ore per day, and will be looking to hire an additional 25-30 miners."

About Kirkland Lake Gold Inc.

Kirkland Lake Gold Inc. is an operating and exploration gold mining company located in Ontario, Canada. It 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 some 22 million ounces of gold, extend over seven kilometres between the Macassa Mine on the west and Wright Hargreaves on 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. The Company's corporate goal is to expand its gold reserves and reduce its operating costs to become a profitable gold producer.

The Company's common shares trade on the TSX (Toronto Stock Exchange) and on the AIM (Alternative Investment Market) of the London Stock Exchange.

The Company's senior management and Board of Directors have extensive experience in the natural resource and mining sectors that include exploration, mining and marketing, as well as experience in the legal and corporate finance areas.

Cautionary Note Regarding Forward Looking Statements

This press release may contain statements which constitute 'forward-looking' statements, including statements regarding the plans, intentions, beliefs and current expectations of the Company, and its directors, or 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 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 nor assume any obligation to update these forward-looking statements.

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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