Kirkland Lake Gold Inc.
LSE : KGI

Kirkland Lake Gold Inc.

February 18, 2009 02:00 ET

Kirkland Lake Gold Inc.: Second Tranche of Private Placement Completed With 620,000 Units Issued for Proceeds of CDN$3.007 Million

FOR:  KIRKLAND LAKE GOLD INC.

TSX, AIM SYMBOL:  KGI

February 18, 2009

Kirkland Lake Gold Inc.: Second Tranche of Private Placement Completed With 620,000 Units Issued for
Proceeds of CDN$3.007 Million

KIRKLAND LAKE, ONTARIO--(Marketwire - Feb. 18, 2009) - Kirkland Lake Gold Inc. (the "Company")
(TSX:KGI)(AIM:KGI) is pleased to announce it has completed the second tranche of a non-brokered
private placement by the issuance of 620,000 units at a price of CDN$4.85 per unit for gross proceeds
of CDN$3.007 million. Each unit consisted of one common share and one quarter of a share purchase
warrant. Each whole warrant is exercisable to purchase one common share for a period of 12 months at a
price of CDN$5.50.

The proceeds from the financing will be used for working capital and to fund further development of
the Company's mining operations in Kirkland Lake, Ontario.

The common shares issued and issuable pursuant to the private placement will be subject to
restrictions on their transfer for a period of four months from the date of their issue. Application
has been made to the AIM Market of the London Stock Exchange for the shares issued on closing to be
admitted for trading on February 18, 2009. Trading in such shares will commence following the expiry
of the four month hold period.


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FOR FURTHER INFORMATION PLEASE CONTACT:

Kirkland Lake Gold Inc.
Brian Hinchcliffe
President
(705) 567-5208
(705) 568-6444 (FAX)
Email: bhinchcliffe@klgold.com

OR

Kirkland Lake Gold Inc.
Scott Koyich
Investor Relations
(403) 215-5979
Email: info@klgold.com
Website: www.klgold.com

OR

Pelham Public Relations
Chelsea Hayes
+44 20 7743 6675
Email: chelsea.hayes@pelhampr.com

OR

NOMAD: Panmure Gordon (UK) Limited
Katherine Roe
+44 20 7459 5744
Email: katherine.roe@panmure.com

OR

NOMAD: Panmure Gordon (UK) Limited
Ashton Clanfield
+44 20 7459 5744

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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  • Kirkland Lake Gold Inc.