January 20, 2014

KIRKLAND LAKE GOLD PROVIDES UPDATE REGARDING SHAREHOLDER RIGHTS PLAN

Toronto, Ontario, Kirkland Lake Gold Inc. (“Kirkland” or the “Company”) today announced that

the Toronto Stock Exchange (the "TSX") has deferred its consideration for acceptance of the

Company's recently announced Shareholder Rights Plan (the "Rights Plan") until it is determined

that the Ontario Securities Commission will not intervene in the event of a take-over bid for the

Company. The Company also understands that, per TSX rules, acceptance of the Rights Plan by

the TSX will also be conditional upon receipt of requisite shareholder approval.

The deferral by the TSX does not affect the adoption or operation of the Rights Plan, which will

remain operative and effective for a minimum of six months from the date of adoption on January

14, 2014, unless earlier terminated.

A copy of the Rights Plan is available under the Company’s profile on SEDAR at www.sedar.com.

About the Company

Kirkland Lake Gold’s corporate goal is to create a self-sustaining and long lived intermediate gold

mining company based in the historic Kirkland Lake Gold Camp. The Company plans to do this by

increasing production capacity to 2,200 tons of ore per day in several stages, and by decreasing

production costs by realizing the economies of scale associated with that higher production

capacity. At the same time, the Company is committed to maintaining a significant exploration

program aimed at developing and maintaining a property wide reserve and resource base sufficient

to sustain a mine life of more than ten years for as long as practicable.

Over the last several years the Company has invested significant capital to improve the

infrastructure of the business including upgrading the production hoist, skips, mill, underground

mobile equipment and capital development.

From initial discovery to present day there have been over 24 million ounces of gold mined from

the Kirkland Lake camp while the current reserve and resource provides for potentially 10 years of

mining with significant exploration upside.

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For further information, please contact:

Kirkland Lake Gold:

George Ogilvie, P.Eng

CEO

Phone: +1 705 567 5208 ext. 3225

Fax: +1 705 568 6444

E-Mail: [email protected]

NBF:

Bill Washington (416) 869-8038

Craig McDougall (416) 869-6557

Lindsay Dunlop

Director of Investor Relations

Phone: +1 416-840-7884

Fax: +1 705 568 6444

E-mail: [email protected]

NOMAD: Panmure Gordon (UK) Limited

Callum Stewart / Adam James

Phone: +44 (0) 20 7886 2500

Website- www.klgold.com

Cautionary Note Regarding Forward Looking Statements

This Press Release contains statements which constitute ”forward-looking statements”, including statements regarding

the plans, intentions, beliefs and current expectations of the Company 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, are intended to identify such

forward-looking statements. Forward-looking statements used in this Press Release include, but may not be limited to,

statements regarding the acceptance of the Rights Plan by the TSX and the timing thereof, the approval of the Rights

Plan by shareholders of the Company, the Company’s production capacity and its exploration program. Investors are

cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management

considered reasonable at the date the statements are made such as, without limitation, opinion, assumptions and

estimates of management regarding the Company’s business, its ability to complete the strategic and mine plan review

and its ability to increase its production capacity and decrease its production cost. Such opinions, assumptions and

estimates, are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could

cause actual events or results to differ materially from those projected in the forward-looking statements. These factors

include the outcome of the strategic review process the Board has implemented, the Company's expectations in

connection with the projects and exploration programs being met, the impact of general business and economic

conditions, global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities

based on projected future conditions, fluctuating gold prices, currency exchange rates (such as the Canadian dollar

versus the United States Dollar), possible variations in ore grade or recovery rates, changes in accounting policies,

changes in the Company's corporate mineral resources, changes in project parameters as plans continue to be refined,

changes in project development, construction, production and commissioning time frames, risks related to joint venture

operations, the possibility of project cost overruns or unanticipated costs and expenses, higher prices for fuel, power,

labour and other consumables contributing to higher costs and general risks of the mining industry, failure of plant,

equipment or processes to operate as anticipated, unexpected changes in mine life, seasonality and unanticipated

weather changes, costs and timing of the development of new deposits, success of exploration activities, permitting time

lines, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title

disputes or claims, and limitations on insurance, as well as those risk factors discussed or referred to in the Company's

annual Management's Discussion and Analysis and Annual Information Form for the year ended April 30, 2013 and

the Company’s Management's Discussion and Analysis for the interim period ended October 31, 2013 filed with the

securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. 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 except as otherwise required by applicable law.