Kirkland Lake Gold Kirkland Lake Gold Finalizes Appointment of Eric Sprott as Chairman of the Board

 
TIDMKGI 
 
Kirkland Lake Gold Finalizes Appointment of Eric Sprott as Chairman of the Board 
 
 
                                                                                                    TSX & AIM: KGI 
 
 
 
                 Kirkland Lake Gold Finalizes Appointment of Eric Sprott as Chairman of the Board 
 
Toronto,  Ontario (February 20, 2015) - Kirkland Lake Gold Inc. ("Kirkland Lake Gold" or the "Company"),  announces 
that  the  appointment of Mr. Eric Steven Sprott as Chairman of the board of directors has now been  approved,  and 
that  Mr.  D. Harry W. Dobson will retire from his position as Chairman and as a director of the Company, effective 
immediately. 
 
Mr.  Sprott  stated  "I'm delighted to be joining the Kirkland Lake Board at this exciting time  as  the  Company's 
turnaround  continues to gather pace. The Kirkland Lake Gold camp is one of the most prolific  gold  camps  in  the 
world,  blessed with world-class grades and situated in a stable jurisdiction. Our Company controls  and  has  100% 
ownership of five former producing mines in the camp, that have in totality produced in excess of 22 million ounces 
of  gold. I believe there is significant opportunity for further organic growth from our large land package  within 
the Kirkland Lake camp that will help us build the next great Canadian gold mining company" 
 
Mr.  George  Ogilvie, CEO, commented "On behalf of the board of directors I once again wish to express our  sincere 
gratitude to Harry as founder of the Company for his years of support and dedicated service to the Company." 
 
Mr.  Sprott, age 70, is a renowned and respected leader in the investment community and one of the world's premiere 
gold  and  silver  investors.  After  earning his designation as a chartered accountant,  Mr.  Sprott  entered  the 
investment  industry as a research analyst at Merrill Lynch and Company Inc. In 1981, he founded Sprott  Securities 
(now  Cormark Securities Inc.), which today is one of Canada's largest independently owned institutional  brokerage 
firms.  After establishing Sprott Asset Management LP., in December 2001 as a separate entity, Mr. Sprott  divested 
his  entire  ownership of Sprott Securities to its employees. Mr. Sprott is currently the Chair  of  the  board  of 
Sprott Inc. 
 
The  Company  announced a C$30 million Bought Deal Financing, (the "Financing") on January 27, 2015,  where  Sprott 
Private  Wealth  LP agreed to underwrite 12.5% of the Financing. As at the close of the Financing on  February  18, 
2015,  Eric  Sprott held, directly or indirectly 7,641,700 common shares in the capital of the Company representing 
approximately 9.7% of the issued common shares. 
 
In  March  1994,  the  Ontario  Securities Commission issued proceedings against  Sprott  Securities  Limited  (the 
"Dealer",  to which Mr. Sprott was President and Chief Executive Officer), Mr. Sprott and another director  of  the 
Dealer  in relation to certain fundraising and trading activities of a client of the Dealer between 1988  and  1992 
which  might have impacted the regulatory capital of the Dealer. Furthermore, required regulatory reports were  not 
filed  by  Mr.  Sprott in relation to his appointment to the board of the client in 1990. The Commission  issued  a 
reprimand of Mr. Sprott and the other director and issued a fine to Sprott Securities. 
 
There are no other disclosures required in relation to Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for 
Companies. 
 
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 10 years of  mining  with 
exploration upside. 
 
For further information, please contact: 
George Ogilvie, P.Eng                                    Suzette N. Ramcharan, CPIR 
Chief Executive Officer                                  Director of Investor Relations 
Phone: [phone]                                   Phone: [phone] 
Fax: [phone]                                     Fax: [phone] 
E-mail: [e-mail]                              E-mail: [e-mail] 
 
NOMAD: Panmure Gordon (UK) Limited                       Blytheweigh 
Dominic Morley / Adam James                              Tim Blythe/Halimah Hussain/Camilla Horsfall 
Phone: [phone]                              Phone: [phone] 
 
 
                            Website - www.klgold.com 
 
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. 
 
 
Kirkland Lake Gold Inc.