Kirkland Lake Gold Inc. TSX : KGI AIM : KGI

September 29, 2005 17:00 ET

Kirkland Lake Gold Inc.: Private Placement of $4 Million of Units Completed

KIRKLAND LAKE, ONTARIO--(CCNMatthews - Sept. 29, 2005) - Kirkland Lake Gold Inc. (the "Company") (TSX:KGI)(AIM:KGI) has completed its private placement of 1 million units at a price of $4.00 per unit with Sprott Asset Management Ltd. for gross proceeds of $4 million. Each unit consisted of one common share and one-half of a share purchase warrant. Each whole warrant is exercisable until June 28, 2006 at a price of $4.60 per share.

The proceeds from the financing will be used for development of the Company's Kirkland Lake, Ontario mining operations.


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