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KLDC.V ·

Kirkland Lake Discoveries Appoints Natalia Samartseva as Chief Financial Officer

Management Changes

TSXV: KLDC

Kirkland Lake Discoveries Appoints Natalia Samartseva as Chief Financial Officer

Toronto, Ontario, September 1 , 2023 – Kirkland Lake Discoveries Corp. (TSXV: KLDC) (“KLDC” or the

“Company”) is pleased to announce the appointment of Natalia Samartseva as Chief Financial Officer

(‘CFO”) and Corporate Secretary of the Company, effective September 1, 2023.

Ms. Samartseva is a Chartered Professional Accountant with significant experience in pu blic company

reporting, IFRS, internal controls and auditing. She brings over 15 years of experience across diverse

financial leadership positions having previously served as Chief Financial Officer and Director of Financial

Reporting of companies listed in Canada and the United States. She has also held a variety of public

accounting practice positions, including senior audit manager, and consulting engagements focused on

financial reporting and analysis for junior resource companies. During her ca reer, Ms. Samartseva has

overseen projects related to internal control improvements implementation, preparation of financial models,

forecasts, business valuation models, transition from exploration to commercial production stage for mining

companies and other complex accounting and tax issues.

Concurrent with this appointment, Salil Dhaumya has stepped down as CFO, after having served the

Company since 20 10. The Board of Directors and executive management team of the Company extend

their gratitude to Mr. Dhaumya for his valuable contributions during his tenure and his support ensuring a

seamless transition.

About Kirkland Lake Discoveries Corp.

Kirkland Lake Discoveries Corp. is a TSX Venture Exchange listed company that has recently consolidated

a district-scale and highly prospective land package in the Kirkland Lake Gold Camp in Ontario, Canada.

The properties are hosted in the Abitibi Greenstone Belt, one of the world’s best-endowed greenstone belts,

with 200+ million ounces of gold produced to date.1 The properties are host to regional and property-scale

mineralized structures that are considered second-order structures off the Larder Lake Cadillac

Deformation Zone (LLCDZ), the regional structure in the belt known to be spatially associated with the gold

mines hosted in the camp.

The properties assembled include the 100%-owned Lucky Strike Property, Goodfish-Kirana, the Arnold

property, and the optioned KL West (KLW) and KL Central (KLC) properties. The KLDC land position

comprises approximately 38,000 ha, over 1,338 claims and 29 patented claims and ranks the Company as

the largest landholder in the Kirkland Lake region.

For additional information, please contact:

Danièle Spethmann, P.Geo.

President & CEO

https://www.kirklandlakediscoveries.com

+1 416 363 0317

[email protected]

1 Canada’s Gold Exploration Frontier: The Abitibi Greenstone Belt – https://www.visualcapitalist.com/sp/canadas-gold-exploration-

frontier-the-abitibi-greenstone-belt/

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of

the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking information. These

statements relate to future events or future performance. The use of any of the words “could”, “intend”,

“expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters

that are not historical facts are intended to identify forward-looking information and are based on the

Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future

results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or

making the forecasts or projections set out in forward-looking information. Those assumptions and factors

are based on information currently available to the Company.

The forward-looking information contained in this release is made as of the date hereof, and the Company

is not obligated to update or revise any forward-looking information, whether as a result of new information,

future events or otherwise, except as required by applicable securities laws.

Because of the risks, uncertainties and assumptions contained herein, investors should not place undue

reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking

information contained herein.