TOOLLEEN FOSTERVILLE GOLD PROJECT

The Toolleen-Fosterville Gold Project

The project includes the 26 sq km Exploration Licence EL6001, with reported production of 7,000 tonnes @ 10 g/t Au from the top 60 metres and an 88 gm nugget on surface. The drill-readyproperty is the closest one(12km)to Kirkland Lake Gold’s (NYSE: KL) Fosterville Mine – the lowest-cost producer worldwide at $315/oz and 34.3 g/t with a past and present reserves of9 Moz* gold. The Kirkland Lake Gold reported third-quarter gold production of 339,584 oz., a 3% increase over the 329,770 oz. generated in the prior quarter. The Detour Lake and Fosterville mines led this output, producing 140,067 oz. and 161,489 oz. in the period, respectively. With 331,811 oz. of gold sales, at an average realized price of US$1,907 per oz., the producer closed out the quarter with US$848 million in cash, a 58% increase during the reporting period.