Kirkland Lake Gold Inc.

Kirkland Lake Gold Inc.

August 18, 2009 02:00 ET

KL Gold Reports Record Q1 Gold Sales of 21,014; New Paste Fill Hole 60% Completed



August 18, 2009

KL Gold Reports Record Q1 Gold Sales of 21,014; New Paste Fill Hole 60% Completed

KIRKLAND LAKE, ONTARIO--(Marketwire - Aug. 18, 2009) - Kirkland Lake Gold Inc. (the "Company")
(TSX:KGI)(AIM:KGI), an operating and exploration gold mining company located in Ontario, Canada, is
pleased to report its gold sales and production performance for fiscal Q1, 2010, ending July 31, 2009.

During the quarter, the Company poured and sold 21,014 ounces of gold and produced 17,135 ounces of
gold. This production was achieved despite the challenges faced by operations after the surface to
3400 Level pastefill system borehole blocked on June 23rd, as reported in the news releases dated July
7th, 2009 and July 21st, 2009. The sale of 21,014 ounces for the first quarter was a quarterly record
for the Company.

Subsequent to the July 21st release, as the Company continued its efforts to clear the remaining
blockage following the successful drilling of a three inch hole through the plug, large pieces of cave
rock were found in the hole. It was determined that the twelve inch bore hole had collapsed after
eighteen years of service, and that efforts to re-open and to continue to use the hole had a low
probability for success.

In mid July, a replacement four inch paste hole was started from surface. The new hole has progressed
on target and is 60% complete. The underground drifting required to intercept the hole and create a
functioning paste system is underway. An early to mid September resumption of paste fill activities is
now being targeted. Mining crews affected by the fill delay have been relocated to other production,
exploration, or capital heading work.

A second four inch back up pastefill hole will be drilled after completion of the first hole (see
diagram 1). The Company expects the new holes to generally improve the reliability of pastefilling
operations as a four inch hole is easier to maintain and work with than a twelve inch hole.

"We thank our operations team for delivering a strong quarter working against the circumstances as
they have," said Company Chairman Harry Dobson. "We look forward to putting production back on track
in September and delivering our targeted quarterly production of 25,000 ounces on a consistent basis."

About the Company

The Company purchased the Macassa Mine and the 1,500 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 Abitibi Southern
Greenstone Belt of Kirkland Lake, Ontario, Canada.

Cautionary Note Regarding Forward Looking Statements

This Press Release may contain statements which constitute 'forward-looking, including statements
regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or
its 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, and does not assume
any obligation, to update these forward-looking statements.

To view diagram 1 accompanying this press release please click on the following link:



Kirkland Lake Gold Inc.
Brian Hinchcliffe
1 705 567 5208
1 705 568 6444 (FAX)


Kirkland Lake Gold Inc.
Scott Koyich
Investor Relations
1 403 215 5979


Pelham Public Relations
Chelsea Hayes
+44 20 7743 6675


Pelham Public Relations
Klara Kaczmarek
+44 20 7743 6675


NOMAD: Panmure Gordon (UK) Limited
Katherine Roe
+44 20 7459 5744


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


Ocean Equities Ltd.
Guy Wilkes
+44 207 786 4370

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.


Contact Information

  • Kirkland Lake Gold Inc.