Kirkland Lake Gold Inc.P.O. Box 370 Kirkland Lake, ON, P2N 3J1 Symbol - TSX & AIM: KGI June 13, 2014NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW. Kirkland Lake Gold Enters Into Bought Deal Private Placement Flow Through Financing for Proceeds of CAD$7 Million Kirkland Lake Gold Inc.("Kirkland Lake" or the "Company"), an operating and exploration gold mining company, has announced that it has entered into an agreement for an offering of flow-through common shares, on a bought deal basis, led by National Bank Financial Inc. Kirkland Lakewill issue 1,795,000 flow-through common shares ("Flow-Through Shares") at a price of $3.90per Flow-Through Share for total proceeds of approximately CAD$7,000,000(the "Offering"). The Company has also granted to the Underwriters an option (the "Underwriter's Option"), exercisable at any time up to 48 hours prior to the time set for the closing of the Offering, to purchase up to 128,205 additional flow-through of the Company (the "Option Flow-Through Shares") at a price of $3.90per Option Share for additional gross proceeds to the Company of up to $499,999.50. The Offering is anticipated to close on or about July 3, 2014and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX. The Flow-Through Shares will be subject to a four-month hold period in Canada. Kirkland Lakeintends to use the net proceeds to advance its surface exploration program. On April 28, 2014the Company announced a first time resource calculation on near surface (surface to -1,000 feet) ounces on the ABM and Amalgamated Trend. Current resources include an indicated resource of 310,000 tons at grade of 0.34 opt (104,000 ounces) and an inferred resource of 131,000 tons at a grade of 0.36 opt (48,000 ounces). As mining and development costs are expected to be less than at the Macassa mine, a resource cut-off grade of 0.12 opt was used for the resource calculation based on a 6 foot mining width. Proceeds will be used for infill and exploration drilling. The Company is focused on advancement of this area as it may represent a new mining front accessible via its own independent decline that would be collared next to its existing mill just 1.5 kilometers away. For further information, please contact: George Ogilvie, P.Eng Lindsay DunlopCEO Director of Investor Relations Phone: +1 709 532 5716 Phone: +1 416-840-7884 Fax: +1 705 568 6444 Fax: +1 705 568 6444 E-mail: email@example.com E-mail: firstname.lastname@example.org NOMAD: Panmure Gordon ( UK) Limited Blytheweigh Callum Stewart/ Adam James Tim Blythe/ Halimah Hussain/ Camilla HorsfallPhone: +44 (0) 20 7886 2500 Phone: +44 (0) 20 7138 3204 Website- www.klgold.com Neither the Toronto Stock Exchangenor the AIM Market of the London Stock Exchangehas reviewed and neither accepts responsibility for the adequacy or accuracy of this news release. 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", "should", "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 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 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 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, 2013and the Company's Management's Discussion and Analysis for the interim period ended January 31, 2014filed with the securities regulatory authorities in certain provinces of Canadaand 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 to 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.