GOING FOR GOLD IN EVERYTHING WE DO...Kirkland Lake Gold does not intend, and do not assume any obligation, to update this forward-looking information except as otherwise required by

GOING FOR GOLD IN EVERYTHING WE DO

Q4 AND FULL-YEAR 2018 CONFERENCE CALL & WEBCAST

FEBRUARY 22, 2019

FORWARD-LOOKINGINFORMATION

Cautionary Note Regarding Forward-Looking Information

The information in this presentation has been prepared as at January 14, 2019. This presentation contains “forward looking statements” and "forward-looking information" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of Kirkland Lake Gold with respect to future business activities and operating performance. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and include information regarding: (i) the amount of future production over any period; (ii) assumptions relating to revenues, operating cash flow and other revenue metrics set out in the Company's disclosure materials; and (iii) future exploration plans.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect Kirkland Lake Gold's management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Kirkland Lake Gold believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the combined company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the future development and growth potential of the Canadian and Australian operations; the future exploration activities planned at the Canadian and Australian operations and anticipated effects thereof; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; and compliance with extensive government regulation. Exploration results that include geophysics, sampling, and drill results on wide spacings may not be indicative of the occurrence of a mineral deposit. Such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of mineral resource. A mineral resource that is classified as "inferred" or "indicated" has a great amount of uncertainty as to its existence and economic and legal feasibility. It cannot be assumed that any or part of an "indicated mineral resource" or "inferred mineral resource" will ever be upgraded to a higher category of resource. Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into proven and probable reserves. This forward-looking information may be affected by risks and uncertainties in the business of Kirkland Lake Gold and market conditions. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by Kirkland Lake Gold, including its annual information form, financial statements and related MD&A for the financial year ended December 31, 2018, which are 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 information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Kirkland Lake Gold 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 to be as anticipated, estimated or intended. Kirkland Lake Gold does not intend, and do not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

All dollar amounts in this presentation are expressed in U.S. dollars except as otherwise noted. For further details of Kirkland Lake Gold’s Q4 2018 production results, please see the Company’s press release dated January 8, 2019. For further information on the Company’s three-year production guidance, including the assumptions and qualifications made, please see the Company’s press release dated December 11, 2018.

Use of Non-IFRS Measures

This Presentation refers to average realized price, operating costs, operating costs per ounce sold, all-in sustaining cost (“AISC”) per ounce of gold sold, free cash flow, sustaining capital expenditures and growth capital expenditure because certain readers may use this information to assess the Company’s performance and also to determine the Company’s ability to generate cash flow and meet its expenditure requirements. This data is furnished to provide additional information and are non-IFRS measures and do not have any standardized meaning prescribed by International Financial Reporting Standards (“IFRS”). These measures should not be considered in isolation as a substitute for measures of performance prepared in accordance with IFRS and are not necessarily indicative of operating costs presented under IFRS. Refer to each Company’s most recent MD&A for a reconciliation of these measures. The most comparable IFRS Measure for operating cash costs, operating cash costs per ounce sold and AISC per ounce sold is production costs as presented in the Consolidated Statements of Operations and Comprehensive Income, while total additions and construction in progress are the most comparable measures for sustaining and growth capital expenditures. Operating cash costs, operating cash cost per ounce sold and All-in sustaining costs (“AISC”) per ounce sold in the Company’s 2018 guidance reflect an average US$ to C$ exchange rate of 1.29 and a US$ to A$ exchange rate of 1.34 (as at October 30, 2018). Operating cash costs, operating cash cost per ounce sold and AISC per ounce sold for YTD 2018 reflect an average US$ to C$ exchange rate of 1.2875 and a US$ to A$ exchange rate of 1.3194. Operating cash costs, operating cash costs per ounce and AISC per ounce sold for 2017 reflect an average USD to CAD exchange rate of 1.2965 and a USD to AUD exchange rate of 1.3041. See Kirkland Lake Gold News release dated Feb. 21, 2018.

KLGOLD.COM TSX: KL NYSE: KL ASX: KLA

2

http://www.sedar.com/

2018GOLD MEDAL PERFORMANCE


RECORD PRODUCTION

723.7 kozs

NET EARNINGS

Cash costs: $362AISC: $685

FREE CASH FLOW1

$249.5MGROWTH

Revised 2019 guidance

920 – 1,000 kozs

RESERVES2

24% increaseto 5.8M oz

1. See Non-IFRS Measures section in forward-looking statements slide2. As at Dec. 31, 2017 (Announced Feb. 20, 2018). 3

$273.9M $1.30/share

RECORD UNIT COSTS1

596.4

723.7

2017 2018

$481

$362

2017 2018

$812

$685

2017 2018


2018 vs 2017: HIGHER PRODUCTION, IMPROVED COSTS

PRODUCTION (kozs) OPERATING CASH COSTS ($/oz) 1 AISC ($/oz) 1

1. See Non-IFRS Measures section in forward-looking statements slide. 4

21% 25% 16%

$178.0

$249.5

2017 2 0 18

$313.6

$543.1

2 0 17 2 0 18

MARGINS DRIVEPROFITABILITYAND CASH FLOW


2018 NET CASH FROM OPERATING ACTIVITIES OF CONTINUING OPERATIONS ($ millions)

2018 FREE CASH FLOW ($ millions) 1

73%

40%

1. See Non-IFRS Measures section in forward-looking statements slide. 5

A quarter-billion dollarsof free cash flow in 2018

2018GOLD MEDAL PERFORMANCE


1. See Non-IFRS Measures section in forward-looking statements slide2. Includes general and administrative costs and severance payments. Excludes non-cash share-based payment expense

6

$ million unless otherwise states Macassa Taylor Holt Fosterville 2018 Guidance 2018 Actual

Gold Production (kozs) 220 – 225 50 – 55 65 – 75 >330 >670 723.7

Op. cash costs ($/oz)1 450 – 470 750 – 775 625 – 650 $200 – 220 385 – 410 362

AISC ($/oz)1 735 – 760 685

Operating cash costs1 260 – 270 261.8

Royalty expense 22 – 27 26.4

Sustaining capital1 150 – 170 174.0

Growth capital1 100 – 115 103.8

Exploration 90 97.9

Corporate G & A2 25 26.3

Beat guidance

Q4 2018GOLD MEDAL PERFORMANCE


RECORD PRODUCTION

231.2 kozs

NET EARNINGS

Cash costs: $286AISC: $567

ADJ. NET EARNINGS1 OP. CASH FLOW

$204.1M

RECORD AVERAGE GRADE2

17.8 G/T

1. See Non-IFRS Measures section in forward-looking statements slide2. As at Dec. 31, 2017 (Announced Feb. 20, 2018).

7

$106.5M $0.51/share

RECORD UNIT COSTS1

FREE CASH FLOW1

$86.4M

$109.6M $0.52/share

232

275

299

257

332

DEC. 31/17 MAR. 31/18 JUN. 30/18 SEP. 30/18 DEC. 31/18

STRONG GROWTH CASH POSITION


Osisko Shares$48M

Share Buybacks$30M

CASH POSITION ($ millions)

Q3 2018 Uses of Cash$50.2M in Q1$60.7M in Q2$52.2M in Q3$86.4m in Q4

Generating Free Cash Flow

8

Cash grows $100.6M or 43% in 2018

Significant Growth in Investments in 2018

Sustaining capital: $174MGrowth capital: $103.81

Exploration: $97.9M1

1. Growth capital expenditures exclude $31.3 million of capitalized exploration expenditures, which are included as part of exploration spending

155.2

314.5

596.4

723.5

740 – 800

930 – 1,010995 – 1,055

2015(A) 2016(A) 2017(A) 2018(A) 2019(F) 2020(F) 2021(F)

POTENTIAL TO REACH 1M LOW-COST OZS IN 2019


(A) Actual.(F) Forecast.

CONSOLIDATED PRODUCTION GUIDANCE (KOZS) AS AT FEBRUARY 21, 2019

9

FOSTERVILLE PRODUCTION GUIDANCE

2019: 550 – 610 kozs(Prior: 390 – 430 kozs)2020: 550 – 610 kozs(Prior: 500 – 540 kozs)2021: 570 – 610 kozs(unchanged)

MACASSA PRODUCTION GUIDANCE

2019: 230 – 240 kozs2020: 230 – 240 kozs2021: 245 – 255 kozs

HOLT COMPLEX PRODUCTION GUIDANCE

2019: 140 – 150 kozs2020:150 – 160 kozs2021: 180 – 190 kozs

920 – 1,000

850 – 910970 – 1,005December 11, 2018

three-year guidance

February 21, 2019 improved three-year guidance

2019 GUIDANCESTRONG GROWTH, IMPROVED COSTS,PEAK INVESTMENT LEVELS


1. See Non-IFRS Measures section in forward-looking statements slide

10

$ million unless otherwise states Macassa Taylor Holt Holloway Fosterville 2019 Guidance(Feb 21/19)

2019 Guidance(Dec 11/18)

Gold Production (kozs) 230 – 240 50 – 55 70 – 75 20 550 – 610 920 – 1,000 740 – 800

Op. cash costs ($/oz)1,2 440 – 460 690 – 710 620 – 640 760 – 780 $150 – 170 $300 – $320 360 – 380

AISC ($/oz)1,2 $520 – $560 630 – 680

Operating cash costs1 $290 – $300 270 – 280

Royalty expense $25 – $30 $25 – $30

Sustaining capital1 $150 – $170 $150 – $170

Growth capital1 $155 – $165 $155 – $165

Exploration $100 – $120 $100 – $120

Corporate G & A $26 – $28 $26 – $28

RESERVES STRONG GROWTH AT FOSTERVILLE & MACASSA


FOSTERVILLE MINERAL RESERVES & MINERAL RESOURCES

Mineral Reserves – FOSTERVILLE

Macassa Mineral Reserves

Denote Mineral Reserves

11

DECEMBER 2018 DECEMBER 2017

2P TONNES(000’S)

GRADE(g/t)

OUNCES (kozs)

TONNES(000’S)

GRADE(g/t)

OUNCES (kozs)

Total 2,720 31.0 2,700 2,290 23.1 1,700

Swan 1,470 49.6 2,340 588 61.2 1,160

DECEMBER 2018 DECEMBER 2017TONNES(000’S)

GRADE(g/t)

OUNCES (kozs)

TONNES(000’S)

GRADE(g/t)

OUNCES (kozs)

2P 3,190 21.9 2,250 3,010 21.0 2,030

60%Growth102%Growth

11%Growth

RESERVES 24% GROWTH AT HIGHER GRADES


CONSOLIDATED MINERAL RESERVES & MINERAL RESOURCES

Denote Mineral Reserves

12

24%Growth in Mineral ReservesNet of Depletion of 750 kozs

December 31, 2018 December 31, 2017Tonnes (000's)

Grade (g/t)

Gold Ozs (000’s)

Depleted Oz2017 (000’s)

Tonnes (000's)

Grade(g/t)

Gold Ozs(000’s)

Macassa 3,190 21.9 2,250 244 3,010 21.0 2,030Taylor 751 4.9 117 64 1,090 4.8 167Holt 3,580 4.3 491 75 3,600 4.2 486Hislop(1) 176 5.8 33 0 176 5.8 33Holloway(1) 257 4.3 36 1 54 5.8 10Total CDN Operations 7,950 11.4 2,920 384 7,930 10.7 2,730Fosterville 2,720 31.0 2,720 366 2,290 23.1 1,700Northern Territory(1) 666 5.0 107 0 2,800 2.4 215Total AUS Operations 3,390 25.9 2,820 366 5,090 11.7 1,910Total 11,340 15.8 5,750 750 13,020 11.1 4,640

$149.10.72/share

$287.2$1.36/share

2017 2 0 18

$132.4$0.64/share

$273.9$1.30/share

2 0 17 2 0 18

MARGINS DRIVEPROFITABILITY


2018 NET EARNINGS ($ millions)

2018 ADJUSTED NET EARNINGS ($ millions) 1

107%

93%

13

1. See Non-IFRS Measures section in forward-looking statements slide.

Key Drivers of Earnings Growth

Strong revenue growthImproved unit costsLower depletion & depreciationReduced finance costs & care and maintenance expenseLoss from discontinued ops of $24.9M in 2017

Difference between Net Earnings & Adjusted Net Earnings Driven by:

Fair valuing warrantsReversal of purchase price allocation adjustments Loss from discontinued ops in 2017

747.5

915.9

2017 2 0 18

RECORD REVENUEIN 2018


Factor Driving Revenue Growth

Volume impact: +$163.4MRate impact: +$1.4M Currency impact: $3.6M

23%

2017 2018

Gold sales (kozs) 592.7 722.3

Gold price ($/oz) 1,261 1,263

CONSOLIDATED REVENUE ($ millions)

14

289.1

488.3

2017 2 0 18

STRONG EARNINGSFROM MINE OPERATIONS FOR 2018


2018 Production Costs

Improved due to impact of NT In 2017Currency impact

2018 Depletion and Depreciation

$185/oz produced ($249/oz YTD 2017)

Fosterville: 299.2Macassa: 150.0Holt Complex: 41.3NT & Corp: (2.2)

69%

2017 2018

Revenue 747.5 915.9

Production costs 288.3 267.4

Depletion and depreciation 148.7 133.7

Royalty expense 21.4 26.4

289.1 488.3

EARNINGS FROM MINE OPERATIONS ($ millions)

2018 Earnings from Mine Ops. ($ millions)

15

356.9

531.6

2017 2 0 18

EBITDA FOR 2018


2018 net earnings

107% increase from 2017

2018 Depletion and Depreciation

49%

2017 2018

Net earnings 132.4 273.9

Loss from discontinued ops 24.9 -

Finance costs 12.2 3.6

Depletion and depreciation 148.7 133.7

Current income taxes 44.2 40 .7

Deferred income taxes (5.5) 79.6

EBITDA 356.9 531.6

EBITDA1 ($ millions)

2018 EBITDA

10% lower in 2018

49% increase from2017

16


Deferred tax recovery in 2017

$5.5M deferred tax recovery

Fair valuing warrantsLoss from discontinued ops (Q4 2017)Net deferred tax recovery (Q4 2017)

$63.4$0.31/share $61.4

$0.29/share

$109.6$0.52/share

Q4 2 0 17 Q3 2 0 18 Q4 2 0 18

$41.0$0.20/share

$55.9$0.27/share

$106.5$0.51/share

Q4 2 0 17 Q3 2 0 18 Q4 2 0 18

Q4 2018MARGINS DRIVEPROFITABILITY


Q4 2018 NET EARNINGS ($ millions)

Q4 2018 ADJUSTED NET EARNINGS ($ millions) 1


17

Growth160% vs Q4 201791% vs Q3 2018

Growth73% vs Q4 201781% vs Q3 2018

Strong revenue growthImproved unit costsLower depletion & depreciation (Q4 2017)Loss from discontinued ops of $24.9M (Q4 2017)

Difference between Net Earnings & Adjusted Net Earnings Driven by:

Key Drivers of Earnings Growth vs Q4 2017 and Q3 2018

212.4 222.7

280.3

0

50

100

150

200

250

300

Q4 2017 Q3 2 0 18 Q4 2 0 18

RECORD REVENUEFOR Q4 2018


Q4 2017 Q3 2018 Q4 2018

Gold sales (kozs) 165.7 184.5 225.7

Gold price ($/oz) 1,278 1,237 1,204

CONSOLIDATED REVENUE ($ millions)

18

Factor Driving Revenue Growth vs Q4 2017

Volume impact: +$76.7MRate impact: -9.3M Currency impact: $0 .5M

Factor Driving Revenue Growth vs Q3 2018

Volume impact: +$49.6MRate impact: +$7.4M Currency impact: $0 .6M

Growth32% vs Q4 201726% vs Q3 2018

92.3115.3

170.8

Q4 2017 Q3 2 0 18 Q4 2 0 18

STRONG EARNINGSFROM MINE OPERATIONS FOR Q4 2018


Q4 2018 Production Costs vs Q4 2017Impact of foreign currency Exchange rates

Q4 2018 Depletion and Depreciation

$161/oz produced ($274/oz in Q4 2017, $200/oz in Q3 2018)

Fosterville: 111.4Macassa: 46.3Holt Complex: 14.9NT & Corp: (1.8)

Q4 2017 Q3 2018 Q4 2019

Revenue 212.4 222.7 280 .3

Production costs 68.3 64.9 64.6

Depletion and depreciation 45.6 36.0 37.3

Royalty expense 6.2 6.6 7.6

92.3 115.3 170 .8


Q4 2018 Earnings from Mine Ops. ($ millions)

19

Growth85% vs Q4 201748% vs Q3 2018

95.2119.6

187.6

0

100

200

Q4 2017 Q3 2 0 18 Q4 2 0 18

EBITDA FOR Q4 2018


Q4 2018 EBITDA vs Q4 2017

97% increase from 2017 Earnings growthLoss from discontinued ops in Q4 2017

Deferred tax recovery in Q4 2017

EBITDA1 ($ millions)

20


Q4 2017 Q3 2018 Q4 2019

Net earnings 41.0 55.9 106.5

Loss from discontinued ops 17.2 - -

Finance costs 3.5 0 .7 1.1

Depletion and depreciation 45.6 36.0 37.3

Current income taxes 12.9 8.0 17.1

Deferred income taxes (24.9) 19.1 25.7

EBITDA 95.2 119.6 187.8

Q4 2018 EBITDA vs Q3 2018

57% increase from Q3 2018 Earnings growth

Growth97% vs Q4 201757% vs Q3 2018

STRONG CASH POSITION



21

231.6

543.1

293.666.1 30.8 16.3 23.1 21.7

9.6 332.2

FOSTERVILLE MINE RECORD PRODUCTION Q4 & FY 2018


FOSTERVILLE Q4 2018 MINE PLAN (KOZS)

Record Production

356.2 kozsin 2018 (35% growth)124.3 kozsin Q4 2018 (57% growth)Strong Unit Cost Performance

2018: Op. cash costs: $200/oz; AISC: $442/oz Q4 2018: Op. cash costs: $189/oz; AISC: $416/ozKey Performance Drivers

Grade outperformance in Swan & EagleIncrease development around Swan Advancement of Swan Stopes

Q4 2018Tonnes: 98,797 Grade: 39.7 g/tOunces: 124,307

1km Below Surface

22

Q4 2018: Swan/Eagle stopes outperform on grade2 Swan stopes brought into mine plan

FOSTERVILLE


2019: 550 – 610 kozs2020: 550 – 610 kozs2021: 570 – 610 kozs

Mineral Reserves (Dec. 31/18)

Total: 2.7M ozs@ 31.0 g/t

THREE-YEAR MINE PLAN

2019 Unit Cost Guidance

Three-Year Production Guidance

23

Swan Zone

Op. cash costs: $170 – 190/oz

FOSTERVILLE IN-MINE TARGETS


FIGURE: 3D VIEW OF LOWER PHOENIX AND HARRIER GOLD SYSTEMS

24

9 KMSSTRIKE

HARRIER SOUTHHigh-potential target

Drilling commenced Q4 2018

SWANGrowing reserves

Identifying new targets

ROBBIN’S HILLHigh-potential target3 surface drills active

QUARTZ VEINS WITH VISIBLE GOLD



FOSTERVILLE SWAN ZONE


SWAN MINERAL RESERVES

Key Intercepts: December 2018 Release

598 g/t Au over 6.4 m (ETW 5.8 m)625 g/t Au over 3.6 m (ETW 3.3 m)218 g/t Au over 5.6 m (ETW 5.2 m)144 g/t Au over 16.5 m (ETW 14.4 m)

25

Swan ZoneMineral Reserve

Swan Zone Mineral Reserve

Dec 31/18: 2.3M ozs @ 49.6 g/tDec 31/17: 1.16m ozs @ 61.2 g/t

FOSTERVILLE HARRIER DOWN-DIP POTENTIAL


PARALLELS BETWEEN LOWER PHOENIX AND HARRIER

Key Points:

Harrier anticline fault offset almost identical in structural setting to PhoenixRecent drilling at Harrier confirmed Anticline offset and intersected gold mineralization Potential for same model to be applied across Fosterville land position

26

NORTHERN TERRITORY (“NT”) POTENTIAL FOR VALUE UPSIDE


NT: POTENTIAL TO RESUME OPERATIONS AT HIGHER PRODUCTION, LOWER COSTS

56 mineral titles and 5 MLA’s titles held covering 1,600km2

Cosmo Mine Site: • 60km northwest of Pine Creek • ~225km Southeast of Darwin• Location of Cosmo and Lantern

deposits• Underground & drilling programs

underwayUnion Reefs (“UR”) Mine Site:

• 20km north of Pine Creek • ~285km Southeast of Darwin• Location of processing facility and Prospect

and Lady Alice deposits

Pine Creek: exploration planned 2019

Maud Creek: advanced exploration project

27

MACASSARECORD PERFORMANCE Q4 & FY 2018


MACASSA Q4 2018 MINE PLAN (KOZS)

Record Production

241.3 kozs in 2018 (24% growth)124.3 kozs in Q4 2018 (34% growth)Strong Unit Cost Performance

2018: Op. cash costs: $426/oz; AISC: $713/oz Q4 2018: $370/oz; AISC: $650/ozKey Performance Drivers

Higher-grade stopes in deeper part of mineGrade outperformance around 5700 Level of SMC

Q4 2018Tonnes: 85,523Grade: 25.9 g/tOunces: 71,087

28

Q4 2018: Grade outperformance on 5700 Level of SMC

57055704

5703

Grade outperformance from stopes on 5700 Level

MACASSA


2019: 230 – 240 kozs2020: 230 – 240 kozs2021: 245 – 255 kozs

Mineral Reserves (Dec. 31/18)

Total: 2.3M ozs @ 21.9 g/t

THREE-YEAR MINE PLAN

2019 Unit Cost Guidance

Three-Year Production Guidance

29

#4 SHAFT

Op. cash costs: $440 – 460/oz

Longer-Term Outlook

Production begins ramp up to 400 kozsIn 2022 with completion of Phase 1 of#4 Shaft

MACASSASMC DRILLING TARGETS


Mineral Resources (Dec. 31/18)

M&I: 982,000 ozs @ 17.1 g/tInferred: 328,000 ozs @ 16.7 g/t

SMC DRILLINGTARGETS

Key Targets for Resource Growth

30

SMC west, east & to depth120m of EastDevelopment

in Q4

141m of WestDevelopment in

Q4

#4 Shaft

Lower SMC Drilling

SMC East Drilling

HistoricAK09-02W6

59.7 / 1.5Inc. 141.6 /

0.5

Legend2017 Measured Resource2017 Indicated Resource2017 Inferred ResourceQ4 Assay InterceptQ4 Drill HoleUnderground DevelopmentOre DevelopmentQ4 Development

g/t / core length (m)

Q4 Drilling of the SMCIsometric view looking north

Inclusive of Reserves

Pending Assays

KL NORTHKEY TARGETS


KL NORTH: KEY TARGETS

31

HISLOPMATHESON

Quebec Border 15Km

Hwy 101

Taylor

Holloway-Holt

Golden Highway

Nighthawk

Timmins30Km

GOING FOR GOLDIN EVERYTHING WE DO


ON TRACK FOR ONE MILLION OUNCES OF

LOW-COST GOLD PRODUCTION

INDUSTRY-LEADINGEARNINGS

GENERATING STRONG FREE CASH FLOW

AND BUILDING FINANCIAL STRENGTH

ACHIEVING STRONG GROWTH IN RESERVES

INVESTING IN EXPLORATION WITH AN EXTENSIVE LIST OF HIGH-POTENTIAL TARGETS

SUPERIOR SHAREHOLDER

RETURNS

32

REACHING THE PODIUM IN PRICE PERFORMANCE


Strong Share Price PerformanceVersus Peers

(One-Year Return)

Global Gold Index

TSX:KL

33

Generating Superior Shareholder Returns

Growing low-cost productionGenerating profitability & cash flowBuilding financial strengthIncreasing quarterly dividend Repurchased 1.6M shares in 2018

Documents

GOING FOR GOLD IN EVERYTHING WE DO...Kirkland Lake Gold does not intend, and do not assume any obligation, to update this forward-looking information except as otherwise required by