Kirkland Lake Gold Kirkland Lake Gold Purchases a 0.5% NSR Royalty on the HM Claim within the Company's Land Package
08 April 2015 - 4:00PM
UK Regulatory
TIDMKGI
Kirkland Lake Gold Purchases a 0.5% NSR Royalty on the HM Claim within the Company's Land Package
FOR: KIRKLAND LAKE GOLD INC.
TSX, AIM SYMBOL: KGI
April 8, 2015
Kirkland Lake Gold Purchases a 0.5% NSR Royalty on the HM Claim within the Company's Land Package
TORONTO, ONTARIO--(Marketwired - April 8, 2015) - Kirkland Lake Gold Inc. ("Kirkland Lake Gold" or the
"Company") (TSX:KGI)(AIM:KGI), an operating and exploration gold mining company, announces the exercise of its
right to buy-out a 0.5% net smelter return ("NSR") royalty (the "Royalty"), for $250,000, on the HM claim. The
Royalty is part of a 1% NSR royalty on the HM claim, which was part of the Queenston Mining Joint Venture, and
is located approximately 2,000 feet (610 metres) southeast of the #2 shaft at the Macassa Mine Complex.
Mr. George Ogilvie, President & Chief Executive Officer commented, "We are pleased to be able to purchase this
royalty. This is another step in the right direction for the Company to protect future exploration discoveries
on our property in the Kirkland Lake camp and to secure future value for our shareholders."
About the Company
Kirkland Lake Gold Inc.'s corporate goal is to create a self-sustaining and long-lived intermediate gold mining
company based in the historic Kirkland Lake gold camp, as well as to explore opportunities for growth in other
safe mining jurisdictions. The Company plans to do this by mining to the reserve grade, generating profits and
free cash flow with a view to maximising value for the shareholders. The Company will also look to take
advantage of its increased infrastructure capacity in the appropriate gold price environment. 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.
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 gold camp while the current reserve and resource provides for potentially 14 years of mining
with significant exploration upside.
Neither the Toronto Stock Exchange nor the AIM Market of the London Stock Exchange has reviewed or 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. 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, including but not limited to; future exploration discoveries on the Company's
land position. 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 reserves and 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,
2014 and the Company's Management's Discussion and Analysis for the interim period ended January 31, 2015,
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 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Kirkland Lake Gold Inc.
George Ogilvie, P.Eng
Chief Executive Officer
+1 709 532 5716
+1 705 568 6444 (FAX)
gogilvie@klgold.com
OR
Kirkland Lake Gold Inc.
Suzette N. Ramcharan, CPIR
Director of Investor Relations
+1 647-284-5315
+1 705 568 6444 (FAX)
sramcharan@klgold.com
www.klgold.com
OR
NOMAD: Panmure Gordon (UK) Limited
Dominic Morley / Adam James
+44 (0) 20 7886 2500
OR
Blytheweigh
Tim Blythe/Halimah Hussain/Megan Ray
+44 (0) 20 7138 3204
Kirkland Lake Gold Inc.
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