Kirkland Lake Gold Inc.

Kirkland Lake Gold Inc.

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.

Neither the Toronto Stock Exchange nor 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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