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Kirkland Lake Gold Shareholders Approve Equivalent Merger with Agnico Eagle of Canadian Business Journal

Toronto, November 26, 2021 (GLOBE NEWSWIRE) — Kirkland Lake Gold Ltd. (“”Kirkland Lake Gold” or “society(TSX: KL) (NYSE: KL) (ASX: KLA) announced today at the Special Shareholders’ Meeting held earlier today (“”meeting”), Our shareholders voted in favor of the resolution of the agreement (“Carcland Arrangement Resolution”) Approve a merger proposal in which the issued shares of the company and all of the issued shares are equivalent (“Kirkland’s Stock“) Is Agnico Eagle Mines Limited (“)Agnico Eagle“) Agnico Eagle common stock (“Agnico stock”) Merger of consideration per Kirkland share equal to 0.7935 of Agnico shares (“Placement“).

186,840,773 Kirkland shares, or approximately 70.85% of the issued and issued Kirkland shares as of the record date, were voted at the meeting. The Kirkland Arrangement Resolution was approved by approximately 80.65% of the votes cast by 150,681,106 Kirkland Shares, or Kirkland Lake Gold shareholders, either directly or at a meeting by an agent. Voting results reports will be available in SEDAR (www.sedar.com) and EDGAR (www.sec.gov) company profiles.

In addition to Kirkland Lake Gold’s shareholder approval, Agnico Eagle shareholders approved the issuance of Agnico shares related to the arrangement at a special meeting of Agnico Eagle shareholders held earlier today.

Tony Makuch, President and Chief Executive Officer of Kirkland Lake Gold, commented: The merger will provide the gold industry with an extensive pipeline of development and exploration projects to support sustainable low-risk growth and leadership in key areas of superior performance, superior financial strength, environment, society and governance. Establish a new leader in. .. We look forward to completing the merger with final regulatory approval and moving forward as the new Agnico Eagle. We are confident that we will continue to be a company that will bring excellent long-term profits to our shareholders. We would like to thank all our shareholders. We know that it is important to demonstrate the value that Agnico Eagle can create and we are anxious to get started! “

The arrangement will be completed during the first quarter of 2022, subject to approval by the Ontario Superior Court, approval by the Australian Foreign Investment Review Board (“FIRB Approval”), and the fulfillment or waiver of certain other termination conditions. It’s a schedule.

For more information on the arrangement, check the company’s joint management information with Agnico dated October 29, 2021 and visit https://www.kl.gold/Agnico-Eagle–Kirkland-Lake-Gold-Merger/ please.

About Kirkland Lake Gold Co., Ltd.

Kirkland Lake Gold Ltd. is a low-cost senior gold producer operating in Canada and Australia, targeting production of 1.3 million to 1.4 million ounces in 2021. Kirkland Lake Gold’s production profile is underpinned by three high-quality operations, including the Macassa mine. Both are a detour lake mine in northern Ontario and a Fosterville mine in Victoria, Australia. Kirkland Lake Gold’s solid foundation of quality assets has the potential for district-wide exploration, supported by strong financial conditions, extensive management expertise, and top priority for safe and responsible mining. Complemented by.

Please contact us for more information

Anthony McF, President, Chief Executive Officer and Director
Phone number: +1 416-840-7884
Email: tmakuch@kl.gold

Mark Utting, Senior Vice President, Investor Relations
Phone number: +1 416-840-7884
Email: matting@kl.gold

The Toronto Stock Exchange is not responsible for the validity or accuracy of this news release.

Precautions regarding future prospects

This press release contains statements that make up “forward-looking information” within the meaning of applicable securities law. This includes Kirkland Lake Gold’s plans, intents, beliefs, and current expectations regarding future business activities and results. Information about future prospects is often “may”, “will”, “done”, “should”, “do”, “intended”, “plan”, “expect”. , “Believe,” “estimate,” “expect,” or similar expression, and include information about: (I) Expectations for the completion of the proposed arrangement, including the receipt and timing of the final order of the Ontario Superior Court and FIRB approval, and the conditions associated with such approval. The ability of us and Agnico Eagle to meet other conditions to complete the arrangement. (Ii) Expectations for the potential benefits and synergies of the arrangement, (iii) Expectations for the integrated company’s performance, financial strength, development and exploration project pipeline, and growth potential. (Iv) Expectations for future exploration, development and growth potential of Kirkland Lake Gold and Agnico Eagle’s businesses. (V) Expectations for other economic, business and / or competitive factors. (Vi) Our target production in 2021

Investors are concerned about future outcomes or events based on management’s opinions, assumptions, and estimates that the forward-looking information is not based on historical facts and is considered reasonable at the time the statement is issued. Please note that it reflects Kirkland Lake Gold’s management expectations, estimates, or forecasts. .. Kirkland Lake Gold believes that the expectations reflected in such forward-looking information are reasonable, but such information contains risks and uncertainties and is unknown or unpredictable. Such information should not be overly relied upon, as factors can have a significant negative impact on future outcomes. Performance or performance of the company after the merger. The main factors that can cause actual results to differ materially from those predicted in forward-looking information include: Ability to obtain court and regulatory approval and other conditions required to complete arrangements on proposed terms and schedules. The ability of Kirkland Lake Gold and Agnico Eagle to successfully integrate their operations and employees to achieve synergies and cost savings in the expected time and range. The potential impact of the arrangement on exploration activities. The potential impact of an arrangement announcement or completion on a relationship, including relationships with regulators, employees, suppliers, customers and competitors. Possibility of reassessment after the arrangement is completed. Changes in general economic, business and political conditions, including changes in financial markets. Changes in applicable law; compliance with a wide range of government regulations. Diversion of arrangement management time. This forward-looking information is subject to risks and uncertainties in Kirkland Lake Gold’s business and market conditions. This information is included in Kirkland Lake Gold’s filings with Canadian securities regulators, including Kirkland Lake Gold’s annual information form, financial statements, and relevant MD & A for the fiscal year ending December 31, 2020. Fully qualified by disclosure of notices and risk factors. , Interim financial report and related MD & A for the period ending September 30, 2021, and Circulation of Joint Management Information dated October 29, 2021 have been submitted to the securities regulators of certain Canadian states. www.sedar.com When www.sec.gov..

If one or more of these risks or uncertainties become apparent, or if the assumptions underlying information about the future outlook are found to be incorrect, the actual results are intent, plan, anticipation, belief, It can be very different from what was estimated or expected. Kirkland Lake Gold has sought to identify significant risks, uncertainties, and factors that could cause significant differences in actual results, but could cause results to be unpredictable, estimated, or not as intended. I have. Kirkland Lake Gold does not intend or undertake any obligation to update this forward-looking information unless otherwise required by applicable law.


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Kirkland Lake Gold Shareholders Approve Equivalent Merger with Agnico Eagle of Canadian Business Journal

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