Kirkland Lake Gold Inc.

Kirkland Lake Gold Inc.

December 20, 2006 17:51 ET

Kirkland Lake Gold Inc.: Private Placement of 'Flow-Through' Shares for Proceeds of Up to $1.65 Million

KIRKLAND LAKE, ONTARIO--(CCNMatthews - Dec. 20, 2006) - Kirkland Lake Gold Inc. (the "Company") (TSX:KGI)(AIM:KGI) is pleased to announce it intends to privately place 154,300 'flow-through' common shares at a price of $10.70 per share for gross proceeds of approximately $1.65 million. The Company will pay a finder's fee to qualified Canadian brokers in consideration of introducing the placees to it. The placement is subject to regulatory approval.

The proceeds from the financing will be used to fund further exploration of the Company's properties in Kirkland Lake, Ontario.

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

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