KIRKLAND LAKE GOLD (KGLIF U.S. $4.85, rated Overweight, price target raised to US $17 from US $12.50 price target) HIGHER GRADES AND INCORPORATION OF 500 TON/DAY SHALLOW RAMP AT 0.30 OZ/TON IN FY 2017 CREATES VALUE 9/8/2014

KIRKLAND LAKE GOLD (KGLIF U.S. $4.85, rated Overweight, price target raised to
US $17 from US $12.50 price target) HIGHER GRADES AND INCORPORATION OF
500 TON/DAY SHALLOW RAMP AT 0.30 OZ/TON IN FY 2017 CREATES VALUE 9/8/2014