Kirkland Lake Gold Ltd. ("Kirkland Lake Gold" or the "Company") (TSX:KL) (NYSE:KL) (ASX:KLA) today announced record levels of quarterly and annual gold production for the fourth quarter ("Q4 2018") and full-year ("2018") of 2018, respectively. Production in Q4 2018 totaled 230,993 ounces, 28% higher than the previous record of 180,155 ounces achieved in the third quarter of 2018 ("Q3 2018"). Q4 2018 production was significantly above target levels for the quarter and was driven by record quarterly production at both Fosterville (124,307 ounces) and Macassa (69,936 ounces). Production in 2018 totaled 723,477 ounces, a 21% increase from 596,405 ounces for full-year 2017 ("2017"). Three of the Company's mines achieved record annual production in 2018, including 356,230 ounces at Fosterville, 240,126 ounces at Macassa and 58,633 ounces at the Taylor Mine, with the Holt Mine producing 67,770 ounces for the year. The Company's cash position at December 31, 2018 totaled approximately $332 million. All dollar amounts are expressed in U.S. dollars, unless otherwise noted.

Kirkland Lake Gold Ltd. ("Kirkland Lake Gold" or the "Company") (TSX:KL) (NYSE:KL) (ASX:KLA) today announced new high-grade results from the ongoing underground drilling programs at the Fosterville Mine in Victoria, Australia. Recent underground infill drilling targeting the down-plunge extensions of Swan continues to return results that provide confirmation of the geological model and continuity of high-grade, visible-gold bearing mineralization on the Swan Fault.

Kirkland Lake Gold Ltd. ("Kirkland Lake Gold" or the "Company") (TSX:KL) (NYSE:KL) (ASX:KLA) is pleased to announce an increase in the quarterly dividend to CAD$0.04 per common share from CAD$0.03 per common share previously. The dividend increase will be effective with the fourth quarter 2018 dividend payment, to be paid on January 11, 2019 to shareholders of record as of the close of business on December 31, 2018. With the latest increase, the Company has now raised the quarterly dividend three times since the adoption of its dividend policy in March 2017. The Company's quarterly dividend qualifies as an "eligible dividend" for Canadian income tax purposes.