Page 34 Contd on pg 34 By Gregory Reynolds Kirkland Lake Gold Ltd can see pro duction reachin g 1 million ounces an nually within fve to seven years Kirkland Lake Gold is a midtier gold producer with 2018 production tar geted at over 620000 ounces of gold from mines in Canada and Australia The production profle of the compa ny is anchored by two highgrade low cost operations including the Macassa Mine located in Northeastern Ontario and the Fosterville Mine locat ed in the state of V ictoria Australia Kirkland Lake Gold s solid base of quality assets is complemented by districtscale exploration potential supported by a strong fnancial posi tion with extensive management and operational expertise T ony Makuch president and CEO commented W e had a solid start to 2018 and fnished the frst quarter with record monthly production in March of 71615 ounces In Canada all our mines performed well in Q1 2018 with Macassa achieving record quarterly production and both Holt and T aylor exceeding tar get production levels for the quar ter In Australia Fosterville fnished the quarter ahead of plan refecting positive grade reconciliations with production increasing 39 from Q1 2017 Entering the second quarter we are very much on track to achi eve our consolidated production guidance for 2018 of more than 620000 ounces Based on our strong performance in Q1 2018 we continued to build fnan cial strength with our cash position increasing 19 during the quarter to 2754 million at March 31 2018 He added amo ng other key catalysts in Q1 2018 was the release of our Dec 31 2017 Mineral Reserve and Mineral Resource estimates The fact that we more than tripled Mineral Reserves at Fosterville and grew Measured and Indicated and In ferred Mineral Resources at Macassa by 58 and 48 respectively in 2017 provides a powerful demonstra tion of the growth potential of our as sets Attractive or ganic growth is one of our key pillars of value creation W ith our current business portfolio