Whitehorse Gold Appoints Gordon Neal as CEO and Director

In addition to Kirkland Lake Gold shareholder approval, Agnico Eagle shareholders approved the issuance of Agnico shares under the Arrangement at a special meeting of Agnico Eagle shareholders held Earlier in the day.

Tony Makuch, President and CEO of Kirkland Lake Gold, said: “We are pleased that our shareholders voted in favor of the merger of equals with Agnico Eagle. Through the merger, we will establish a new leader in the gold industry, with superior performance, significant financial strength, a broad portfolio of development and exploration projects to support sustainable, low-risk growth and a leadership in key areas of environment, social and governance. , and move forward as the new Agnico Eagle. We believe this company will be positioned to generate superior long-term returns for shareholders going forward. To our shareholders, thank you for your support; we know it’s important to demonstrate the value we can create with Agnico Eagle and can’t wait to get started! ”

The arrangement is expected to close in the first quarter of 2022, subject to the approval of the Ontario Superior Court of Justice, the approval of the Australian Foreign Investment Review Board (“FIRB approval”) and the satisfaction or waiver of certain other closing conditions.

For a more detailed description of the Arrangement, readers should consult the Company’s Joint Management Information Circular with Agnico dated October 29, 2021 and visit https://www.kl.gold/Agnico-Eagle– Kirkland-Lake-Gold-Merger /.

ABOUT KIRKLAND LAKE GOLD LTD.

Kirkland Lake Gold Ltd. is a leading low-cost gold producer operating in Canada and Australia targeting 1,300,000 to 1,400,000 ounces production in 2021. Kirkland Lake Gold’s production profile is based on three high-quality operations, including the Macassa Mine and Detour Lake Mine, both located in northern Ontario, and the Fosterville Mine located in Victoria, Australia. Kirkland Lake Gold’s strong, quality asset base is complemented by district-wide exploration potential, supported by a strong financial position, extensive management expertise and an overarching commitment to safe and responsible mining. .

FOR MORE INFORMATION, PLEASE CONTACT

Anthony Makuch, President, CEO and Director
Telephone: +1 416-840-7884
Email: [email protected]

Mark Utting, Senior Vice President, Investor Relations
Telephone: +1 416-840-7884
Email: [email protected]

The Toronto Stock Exchange has neither reviewed nor accepted responsibility for the adequacy or accuracy of this press release.

Caution regarding forward-looking information

This press release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding Kirkland Lake Gold’s current plans, intentions, beliefs and expectations with respect to the future. business activities and future operating performance. Forward-looking information is often identified by the words “could”, “could”, “could”, “expect” or similar expressions and include information regarding: (i) expectations regarding the completion of the proposed arrangement, including the receipt and timing of the final order of the Ontario Superior Court of Justice and FIRB approval and the conditions associated with such approvals, the ability of the Company and Agnico Eagle to meet on other conditions until the arrangement is completed; (ii) expectations regarding the benefits and potential synergies of the Arrangement, (iii) expectations regarding the performance, financial strength, portfolio of development and exploration projects and growth potential of the combined company; (iv) expectations regarding future exploration, development and growth potential of the Kirkland Lake Gold and Agnico Eagle operations; (v) expectations regarding other economic, business and / or competitive factors; and (vi) the Company’s targeted production in 2021

Investors are cautioned that forward-looking information is not based on historical facts but rather reflects the expectations, estimates or projections of the management of Kirkland Lake Gold regarding future results or events based on the opinions, assumptions and estimates of management. considered reasonable as of the date the statements are made. . Although Kirkland Lake Gold believes that the expectations reflected in this forward-looking information are reasonable, such information involves risks and uncertainties, and such information should not be relied on unduly because unknown or unforeseeable factors could have material adverse effects. on the future results, performance or achievements of the combined business. Key factors that could cause actual results to differ materially from those projected in the forward-looking information include: the ability to complete the Arrangement; the ability to obtain required legal and regulatory approvals and the satisfaction of other conditions until the Arrangement is completed on the proposed terms and schedule; the ability of Kirkland Lake Gold and Agnico Eagle to successfully integrate their respective businesses and employees and achieve synergies and cost savings when and to the extent expected; the potential impact of the Arrangement on exploration activities; the potential impact of the announcement or completion of the Arrangement on relationships, including with regulators, employees, suppliers, customers and competitors; the potential for revaluation after completion of the Arrangement; changes in economic, trade and general political conditions, including changes in financial markets; changes in applicable laws; compliance with extensive government regulations; and the diversion of management time into the arrangement. This forward-looking information may be affected by risks and uncertainties relating to Kirkland Lake Gold’s business and market conditions. This information is subject in its entirety to the caveats and risk factor information contained in the documents filed by Kirkland Lake Gold with the Canadian securities regulators, including the Kirkland Lake Gold Annual Information Form, the Statements financial statements and related MD&A for the year ended December 31, 2020, its interim financial reports and MD&A for the period ended September 30, 2021 and its joint management information circular dated October 29, 2021 filed with the securities regulators of certain provinces of Canada and available at www.sedar.com and www.sec.gov .

If one or more of these risks or uncertainties materialize, or if the assumptions underlying the forward-looking information prove to be incorrect, actual results could differ materially from those described in this document as being intended, planned, anticipated, believed, estimated or expected. Although Kirkland Lake Gold has attempted to identify risks, uncertainties and important factors that could cause actual results to differ materially, there may be others that could cause results to differ from those anticipated, estimated or planned. Kirkland Lake Gold does not intend, and assumes no obligation, to update this forward-looking information, except as otherwise required by applicable law.

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