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Press release from Marketwire

Kirkland Lake Gold Update

Wednesday, May 23, 2012

Kirkland Lake Gold Update12:31 EDT Wednesday, May 23, 2012KIRKLAND LAKE, ONTARIO--(Marketwire - May 23, 2012) -Kirkland Lake Gold Inc., ('Kirkland Lake' or the 'Company') (TSX:KGI)(AIM:KGI), an operating and exploration gold mining company located in Ontario, Canada, reports an update on an expected restart date for full production at the Kirkland Lake Mine Complex following damage to a power line feeding the mill and the three shaft complex caused by seasonal forest fires in the area. The fire caused no injuries to Company personnel or damage to the Company's assets. Kirkland Lake estimates that the earliest date that production shifts will recommence is Thursday, May 31. The Company is taking advantage of the down time to complete maintenance and other project work where an electrical shut down would be required. A priority project that will be completed during this time is a three day hoist motor maintenance job that would have shut the main hoist down for three days later in the year. The Company will also complete other maintenance work where practicable during this time. Mr. Brian Hinchcliffe, President and CEO stated, "We would like to thank all employees of Kirkland Lake Gold for their understanding and flexibility during this time, as well as the Ontario Provincial Police and MNR and Town firefighting crews for their responsiveness and excellent job keeping everyone safe. We also extend thanks and appreciation to Hydro-One for working with us to restore power in a timely fashion." About the CompanyThe Company purchased the Macassa Mine and the 1,450 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 approximately 22 million ounces of gold, extend over seven kilometres between the Macassa Mine to the west and Wright Hargreaves to the east and, for the first time, are being developed and explored under one owner. This camp is located in the Southern Abitibi 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 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.FOR FURTHER INFORMATION PLEASE CONTACT: Brian HinchcliffeKirkland Lake Gold Inc.President1 705 567 52081 705 568 6444 (FAX)bhinchcliffe@klgold.comORLindsay CarpenterKirkland Lake Gold Inc.Director of Investor Relations1 416 840 7884416 850 1617 (FAX)lcarpenter@klgold.comwww.klgold.comORLorna Spears / Philippe PolmanPelham Bell Pottinger+44 (0) 20 7861 3232pr@pelhambellpottinger.co.ukORGuy WilkesOcean Equities Ltd.+44 207 786 4370guy.wilkes@oceanequities.co.ukORKatherine Roe / Callum StewartNOMAD: Panmure Gordon (UK) Limited+44 20 7459 3600katherine.roe@panmure.comNeither 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.