Kirkland Lake Gold Completes Equity Offering

Kirkland Lake Gold Inc. (KLG), the TSX-listed mining company, was admitted to the AIM market of the London Stock Exchange on July 1, 2004 and completed a private placement of almost 4 million common shares on July 30, 2004. The gross proceeds from the financing of approximately C$16 million will be used for working capital and to fund further development of KLG’s Kirkland Lake, Ontario mining operations.

Canaccord Capital (Europe) Ltd. was appointed as KLG’s nominated adviser and broker in respect of the AIM listing, and acted as agent on the placing of new shares to European institutional investors.

KLG was advised by Anthony Brockbank and Brad Isaac of the English firm Field Fisher Waterhouse, and by Michael Provenzano of the Northwest Law Group in Vancouver.

Canaccord was advised on the Canadian and English law aspects of the deal by McCarthy Tétrault, with a team that included Richie Clark and James Channo (corporate/securities) in the UK, Roger Taplin and Salman Manki (mining) in Vancouver and Patrick McCay (tax) in Toronto.