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Kirkland Lake Discoveries Confirms and Expands Syenite-Hosted Gold Mineralization at Wolverine Bend

Drill Results

Kirkland Lake Discoveries Confirms and

Expands Syenite-Hosted Gold Mineralization

at Wolverine Bend

Highlights:

Gold mineralization confirmed to be directly linked to altered syenite

intrusions at Wolverine

Bend, validating KLDC's exploration model.

KLD25-39 - 6.3 m at 0.62 g/t Au

from 43.1 m down hole

KLD25-40 - 8.3 m at 0.86 g/t Au

from 24.9 m down hole

including:

5.5 m at 1.21 g/t Au

from 26.0 m

Drilling has identified

multiple gold- and copper-bearing mineralizing systems

over a

2-km

span

within a

17-km mineralized corridor

(see Figure 1)

Results indicate a

large, long-lived Archean hydrothermal system

with potential for both

bulk-

tonnage gold

and

copper-rich zones

25,000-m fully funded drill program

underway, now operating with

two drill rigs

Toronto, Ontario--(Newsfile Corp. - January 22, 2026) -

Kirkland Lake Discoveries Corp. (TSXV:

KLDC) (OTCID: KLKLF) ("KLDC" or the "Company")

is pleased to provide an update on its

ongoing, fully funded

25,000-m diamond drilling program

at its

KL West Property

in the Kirkland

Lake region of Ontario.

Recent drilling and associated geochemical results have

confirmed altered syenite intrusions as a

primary control on gold mineralization

at the

Wolverine Bend target

(see Figures 2 and 3)

. These

results validate the Company's exploration model and significantly expand the interpreted scale and style

of

intrusion-related gold mineralization

along the

Winnie Lake Stock ("WLS") contact corridor.

Multiple Mineralizing Systems Confirmed

At the

Winnie Lake

target, drilling has intersected a

vertically zoned

(

see Figure 4

)

, structurally

controlled hydrothermal system,

characteristic of long-lived Archean mineralizing events. This

system supports a

gold-copper mineralization style

developed within and below the massive

sulphide horizon, indicating prolonged and multi-phase hydrothermal activity.

Taken together, results from Wolverine Bend and Winnie Lake demonstrate that

multiple gold-bearing

and polymetallic mineralizing systems

are present within a

two-km

segment

of the

17-km-long

WLS contact corridor

, underscoring the

district-scale exploration potential

of KL West.

Figure 1 - KL West Property overview showing syenite intrusion, soil geochemistry, and key target

areas

Plan-view map of the KL West Property highlighting the Winnie Lake Stock syenite intrusion (pink

shading) and its associated 17-km-long contact corridor (white dashed outline). Coloured contours

represent B-horizon soil geochemistry, with elevated gold-related element responses defining

multiple anomalous zones along the intrusion margin. The map illustrates the spatial relationship

between intrusion-related gold soil anomalies at Nine Mile, Wolverine Bend, and Winnie Lake,

historical mineral occurrences, interpreted fault structures, and completed drill holes. The clustering of

geochemical anomalies along the syenite contact and structural corridors supports the interpretation

of a large, intrusion-centered mineralizing system with multiple gold- and copper-bearing targets

distributed over a district scale.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/5701/281208_29bc890444a84810_001full.jpg

Drilling Highlights

Wolverine Bend

Broad, low-grade gold mineralization accompanied by elevated

bismuth and copper

, consistent

with system-scale mineralization

Confirmation of gold vectoring within

visually altered syenite,

supported by elevated

geochemical elements characteristic of

fertile intrusion-related gold systems

Results reinforce potential for both

large-volume and low-grade gold mineralization

targets

.

Winnie Lake

Intersections of a

vertically zoned hydrothermal architecture

, ranging from copper-rich

breccias to altered volcanic root zones

Strong

hematite alteration

associated with peak sulphide emplacement, interpreted as

representing zones of enhanced metal deposition

"Drilling is consistently showing that gold and copper mineralization at KL West is closely linked to

syenite intrusions and the structures they exploit within the Blake River Group. This is significant

because parts of the Blake River Group become most prospective where early volcanic-hosted

sulphide systems are later overprinted by intrusion-related hydrothermal activity. At KL West, we are

seeing that overlap expressed through copper-rich breccias, gold-bearing alteration, and strong

structural control. Although we are still early in this 25,000-m program, this emerging geological

framework gives us confidence that we are vectoring toward more concentrated zones of

mineralization as drilling continues."

- Stefan Sklepowicz, Chief Executive Officer

Program Overview and Progress

Since mobilization in late November, drilling has progressed steadily along the

WLS contact corridor

,

targeting structurally controlled zones interpreted to host

both intrusion-related gold mineralization

and

copper-rich massive sulphide systems

.

Drilling metrics to January 17, 2026 include

:

Total metres drilled:

4,409 m

Number of completed holes:

13

Average hole depth:

340 m

Drill rigs active:

One rig active since early December 2025; a second rig commenced January

12, 2026

Core logging, geological interpretation, and sampling are ongoing, with samples being prepared for

submission to accredited laboratories. The Company will report analytical results once received and

validated.

Target Area Updates

Wolverine Bend

Drilling at Wolverine Bend is designed to follow up on previously identified mineralization and to test

structural and lithological controls along the WLS margin. Initial drilling has confirmed the presence of

altered syenite intrusions

, mafic volcanic units, and intrusive-volcanic contact zones affected by

silica,

hematite, carbonate, and localized potassic alteration

(see Figure 2)

.

Geochemical results demonstrate

widespread low-level gold values

accompanied by elevated

bismuth and copper

, a signature consistent with the

outer to intermediate zones of a fertile

intrusion-related gold system

. The spatial association of gold with

hematite alteration

(

see Figure

3)

further supports a

magmatic-hydrothermal contribution

to mineralization and highlights the

potential for a larger alteration-hosted system.

Figure 2 - KLD25-40 - Core Photo - Drill hole KLD25-40 intersected a broad zone of hematite- and

potassic-altered syenite from approximately 22.6 m to 31.0 m depth, characterized by pervasive red to

maroon colouration, localized brecciation, and fracture-controlled quartz-hematite veining. Gold

mineralization is spatially associated with the most intensely altered portions of the intrusive unit and

occurs with minimal sulphide content, consistent with an oxidized intrusion-related gold system. The

interval demonstrates a clear relationship between alteration intensity and elevated gold values,

supporting the potential for a larger, alteration-hosted mineralized system.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/5701/281208_29bc890444a84810_002full.jpg

Figure 3 - Wolverine Bend - West-looking cross-section - Hematite and potassium alteration intensity

with gold value histogram

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/5701/281208_29bc890444a84810_003full.jpg

Table 1 - Wolverine Bend Geochemical Results

Drill

Hole

From

(m)

To (m)

Interval

(m)

Au

(g/t)

Ag

(g/t)

Cu

(ppm)

Bi

(ppm)

W

(ppm)

Mo

(ppm)

As

(ppm)

Sb

(ppm)

Pb

(ppm)

Zn (%)

K (%)

S (%)

Zone

KLD25-

39

43.06

49.34

6.28

0.617

0.47

7

6.8

12.5

5.8

0.2

0.1

33.4

0.005

1.12

0.15

Wolverine

Bend

KLD25-

40

24.95

33.2

8.25

0.863

0.36

175.3

18.8

8.7

45.9

0.7

0.2

18.9

0.002

4.57

0.13

Wolverine

Bend

Including

26

31.5

5.5

1.213

0.41

244

24.2

9.4

49.2

0.7

0.1

19.7

0.002

4.91

0.14

Wolverine

Bend

Winnie Lake Target Area

Drilling at the Winnie target area is focused on testing the WLS contact corridor and following up on

previously identified

quartz-sulphide veining

and geophysical anomalies.

Recent drilling has intersected a

vertically zoned hydrothermal system

, with upper intervals

characterized by brecciated and silica-flooded intrusive-volcanic contact zones hosting

chalcopyrite-

dominant sulphide mineralization

and associated

hematite alteration

(

see Figures 4 and 5)

. These

zones are interpreted to represent

peak metal deposition and remobilisation

within a copper-rich

hydrothermal breccia system.

Down-hole, mineralization transitions into

brecciated chlorite-epidote altered mafic intrusive

with

quartz-carbonate veining and reduced sulphide content, interpreted as deeper brittle

structural and

alteration

system. This vertical architecture is consistent with

multi-phase Archean hydrothermal

systems

observed elsewhere in the Kirkland Lake camp.

These results complement previously reported syenite-hosted contact mineralization intersected in drill

hole KLD25-31 (

released October 27, 2025

), and surface sampling returned

0.035 g/t Au, 12.75 g/t Ag,

1,395 ppm Cu, and 1,235 ppm Bi

(

released July 9, 2025

). Collectively, drilling and geochemical results

reinforce the interpretation of a

fertile intrusive-contact-controlled mineralizing system

with

potential for copper-rich mineralization and associated gold along favourable structural corridors.

Figure 4 - KLD26-48 - 378.0 m to 378.5 m - Winnie Lake Area - An interval of a quartz-carbonate vein

hosted within altered gabbro, with visible wall-rock interaction and brecciation. The vein is composed

of massive to brecciated white quartz and carbonate, with fragments of altered gabbro and syenite host

rock incorporated into the vein margins. Surrounding the vein is a pronounced alteration halo marked

by chlorite-carbonate alteration and localized hematite staining, indicating strong hydrothermal

overprinting of the gabbro.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/5701/281208_29bc890444a84810_004full.jpg

Figure 5 - KLD26-48 - 377.8m to 378.0m - Winnie Lake Area - close-up of the upper portion of the

same vein, highlighting coarse chalcopyrite mineralization hosted within the quartz-carbonate matrix.

Chalcopyrite occurs as irregular blebs and fracture-controlled patches, locally concentrated along

brecciated zones within the vein. The sulphide mineralization is spatially associated with iron-oxide-

rich selvages and late quartz, indicating deposition during a late hydrothermal phase. These textures

are consistent with structurally focused sulphide mineralization within a reactivated vein system.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/5701/281208_29bc890444a84810_005full.jpg

Nine Mile Area

KLDC plans to drill-test a

1.5 km² intrusion-related gold soil anomaly

along the northwestern margin

of the WLS.

This anomaly is characterized by elevated

Au-Bi-Cu-Mo-W

values and is coincident with

electromagnetic conductivity anomalies and zones of magnetic destruction,

geophysical

signatures commonly associated with hydrothermal alteration surrounding mineralized intrusive systems.

Next Steps

The Company has received all required drilling permits for the Kirkland Lake West (KLW) region,

allowing drilling to proceed across multiple high-priority geophysical and geochemical targets, including

the Amikougami Lake Shear Zone and the Leahy-Queenston target area. Concurrently, drilling will

continue at the Nine Mile and Winnie Lake target areas to further evaluate and refine the extent of

mineralization. The Company also plans to return to the Wolverine Bend area to follow up on and extend

previously identified mineralization.

Quality Control Statement

True widths are estimated at approximately 65-80% of the reported core length intervals. Assays are

uncut except where indicated. All NQ drill core samples were analyzed at ALS Laboratories in Ontario,

Québec and British Columbia.

Gold analyses were completed using industry-standard fire assay methods with atomic absorption finish,

with selected samples re-analyzed using gravimetric methods where warranted. Multi-element analyses

were conducted using industry-standard ICP-AES and ICP-MS techniques. Selected intervals were also

analyzed using portable X-ray fluorescence (pXRF) for rapid multi-element screening and geological

interpretation; pXRF results are considered semi-quantitative and are not used for reporting compliant

assay results.

Drill program design, Quality Assurance/Quality Control ("QA/QC"), and interpretation of results were

conducted by qualified persons employing a QA/QC program consistent with National Instrument 43-101

and industry best practices. Certified reference standards and blanks were inserted into the sample

stream at regular intervals, approximately one control sample per 20 samples, to monitor analytical

accuracy and precision.

Video Footage

Cannot view this video?

Visit:

https://www.youtube.com/watch?v=u9jQXuid6LQ

The latest episode of KLDC's Treasure Hunters YouTube series features

video

of the core and

discussions with senior geologist Mike Kilbourne.

Qualified Person

The technical information contained in this news release has been reviewed and approved by

Benjamin

Cleland, P.Geo., Vice-President Exploration

, who is a Qualified Person as defined by National

Instrument 43-101 -

Standards of Disclosure for Mineral Projects

.

About Kirkland Lake Discoveries Corp.

Kirkland Lake Discoveries Corp. (TSXV: KLDC) has assembled a

400-km

2

exploration portfolio in the

Kirkland Lake region of Ontario's Abitibi Greenstone Belt, one of the most prolific mining districts in the

world. The Company's properties span key fault zones, geophysical anomalies, and volcanic-

sedimentary contacts within the Blake River Group, a highly prospective assemblage known to host both

gold and polymetallic massive-sulphide deposits.

With exploration permits now in place, KLDC is positioned to advance a strong pipeline of drill-ready

targets at KL East and KL West, supported by multiple anomalous soil trends, historical mineral

showings, and structurally controlled intersections. The team combines strong technical experience with

a focus on smart, efficient exploration designed to deliver results.

For additional information, please contact:

Stefan Sklepowicz

Chief Executive Officer

www.kirklandlakediscoveries.com

+1 226 979 3515

[email protected]

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

This news release contains "forward-looking statements" within the meaning of applicable securities

legislation. All statements, other than statements of historical fact, are forward-looking statements.

Forward-looking statements in this news release relate to, among other things, future drill programs,

the results thereof, and the potential for new discoveries. There can be no assurance that such

statements will prove to be accurate, and actual results and future events could differ materially from

those anticipated in such statements. The Company does not assume any obligation to update

forward-looking statements of beliefs, opinions, projections, or other factors, should they change,

except as required by applicable securities laws. Mineralization hosted on adjacent and/or nearby

properties is not necessarily indicative of mineralization hosted on the Company's property.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed Transaction

and has neither approved nor disapproved the contents of this news release.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/281208