CA UTI O N AR Y DI SCL O SURE S 37 C a uti ona r y N ote Reg a r d i ng F o rw a rd L oo k i ng I nf or m a ti on Th is N e w s Re l e a s e i nc l u des ce r t a i n f o r w a r d l o o k i ng sta t e m e n ts A l l sta te m e n ts o th e r t han sta t e m e n ts of h is t o r ic a l f ac t i n c l ude d in th i s re le a s e a r e f o r w a r d l ook i n g st a te m e n ts t hat i n vo l ve v ar i o us r i s k s a nd unc e r t a i nt i e s T h e s e f o r wa rd l ook i n g s t a te m e n ts i n c lu d e bu t a r e no t li m i t e d to st a te m e n ts wit h r e s p e ct to p l a nne d e x p l or a t i on p r o g r a ms c o sts an d e x p en di t ur e s c h ang es in Mi ner al Re s o u r c e s a nd c o n v e r s i on of Mi ner a l R e s ou r c e s to pr o v en an d pr o ba bl e r e s e r v e s an d ot h e r in f o r ma t i o n t ha t is b a se d on fo r e c a s ts of f ut ur e op e r a t i on a l or f i na n c i al r e su l ts e sti m a te s of a m o unt s no t ye t d e t e rm i n a b l e an d as s u m p t i o ns of m an agem en t T h e s e f o r w a r d lo o k in g sta t e m e n ts i n c l ude bu t a r e no t l im i t e d to st a te m e n ts wit h r e s p e c t to fu tu r e e x p l or a t i on p o t e n t i a l p r oj e c t e c on om i c s t i m in g and sc o p e of f u t u r e e xp lo ra t i o n a nt i c i pat e d c o sts an d e x pen di t ur e s c ha ng es i n M i ne r al Re s ou r c e s a nd co n ve r s i o n of Mi ner a l Re s ou r c e s to p r ov e n a nd pr o bab l e r e s e r v e s an d ot h e r i n f o r ma t i o n t hat is b a se d on fo r e c a s ts of f ut ur e o per a t i o na l or f in a n c i a l r e su l ts e sti m a te s of am o un t s no t ye t det er m i na bl e and as s um pt i o ns of m anage m e nt An y s ta t e m e n ts t hat e x p r e s s or i n vo l ve d is c u s s i o n s wit h r e s p e c t to p r edi c t i o ns ex pe c t at i o ns b e l i e f s pl an s p r o j e c ti o n s o b j e ct i ve s a s s um p t i o ns or f u t u r e e v e n t s or p e r f o r m a n c e o f t e n bu t no t a l wa y s us i ng w o r ds or ph r as es s uc h as e x p e c ts or d oe s no t e x p e c t is e x p e c t e d a n t i c i p a te s or d oe s no t ant i c i p a t e pl ans e s t i m a te s or i n te n d s or sta ti n g t ha t c er t ai n a c ti o n s e v e n t s or r e s u l t s ma y c o u l d w o u l d m i g h t or wi l l be t ak e n o ccu r or be ac hi ev e d a r e no t sta t e m e n ts of h is t o r ic a l fa c t an d ma y be f o r wa rd lo o k in g st a te m e n ts F o r w a r d l ook i n g s ta te m e n ts a r e su b je c t to a v a rie t y of r i s k s a nd unc e r t a i nt i e s t hat co u l d ca u s e ac t u al e v e n t s or r e su l ts to d i ffe r f r o m th o se r e f l e c t e d in th e f o r w a r d l o o k in g sta te m e n ts E x p l or a t i on r e s u l t s t ha t i n c lu d e g e op h ys i c s s a m pl i n g and d r il l re s u lt s on wi d e s pac i ng s ma y no t be in d i c a t i v e of th e oc c u r r e n c e of a m i n e ra l d e p os i t S u ch r e s u l t s do no t p r o v id e a s s ur an c e t ha t fu r th e r w o r k wil l e s t abl i s h su ff i c i e n t gr a de c on t i n u i t y m et a l l ur gi c a l c h a r a c te r i sti c s a nd e c on o m i c po t en t i al to be c la s s e d as a c a t e g or y of Mi ner al Re s ou r c e A Mi ner a l Re s ou r c e t hat is c l a s s i f ie d as I n f e r r e d or i n di c at e d h as a gr e at a m o unt of un c er t ai nt y as to it s e xis t e n c e an d e c on o m i c a nd le g a l f e a s i b il i t y I t c an no t be as s um ed t ha t an y or p ar t of an i n d i c a te d Mi ner a l Re s ou r c e or I n f e r r e d Mi ner al Re s o u r c e wi l l e v e r be up gr a de d to a hi gher ca t e g o r y of r e s o u r c e I n v e sto r s a r e c au t i o ne d no t to as s um e t ha t al l or an y p ar t of min e r a l d e p o si ts in th e se c at ego r i e s wil l e v e r be c on v e r t e d in t o p r ov e n and pr o bab l e r e s e r v e s T h e r e ca n be no a s s ur an c e t ha t f o r w a r d l ook i n g sta te m e n ts wi l l p r o v e to be a c c ur at e a nd ac t u al r e s u l ts and fu t u r e e v e n t s co u l d d i ffe r m a t e r ia ll y f r o m t h o se ant i c i p at e d in s u ch sta te m e n t s I m p o r ta n t fa c t o r s t h at c o ul d c a u se ac t ual r e su l ts to d i ffe r m a t e ria l ly fr o m th e C om p a n y s e xp e c t a t i o n s i nc l u de am o ng o th e r s r i s k s r e l a t e d to i nt e r nat i o na l o p e r a ti o n s r i sk s r e l a t e d to o bt ai ni n g t he p e r mi t s r e q u ir e d to c a r r y ou t pl anned e x p l or a t i on or d e v e l op m e n t w o r k th e ac t u al r e s u l t s of cu r r e n t e x p l or a t i on a c t iv i t i e s co n cl u s i o n s of e c o n om i c ev al u at i o ns and c h an ge s i n p r oj e c t p a r a me t e r s as pl an s c o n t i nue to be r e f i n e d as we l l as f ut ur e p r i ce s of g o l d as we l l as th o s e f a c to r s d i sc u ss e d i n th e se c ti o n e n ti tl e d R i sk F a c to r s in th e C om p a n y s A nn ua l In f o r ma t i o n For m a nd o th e r d i sc l o su r e s of R i sk F a c to r s by t he C o m pan y an d it s p r e d e c e ss o r s a v ai l abl e on S E DAR Al t h ou g h K i r k l and L ak e Go l d ha s a tte m p te d to i d e n ti fy i mp o r t a n t f a c t o r s t hat co u l d c aus e ac t ua l r e su l ts to d if f e r m a t e r ia l ly t h e r e ma y be o th e r fa c t o r s t ha t ca u s e r e su l ts no t to be as an t i c i pa t ed e sti m a te d or i nt e nde d T h e r e ca n be no a s s ur an c e t hat s u ch s ta t e m e n ts wil l p r o v e to be ac c u r at e as ac t u al r e s u l t s an d fu tu r e e v ent s c o u l d d if f e r m a t e r ia l l y fr o m t h o se a nt i c i pat ed i n s u ch s ta te m e n ts A cco r d i n g l y r e a d e r s s ho ul d no t pl ac e undue re li a n c e on f o r w a r d l o o k i ng sta te m e n ts C a uti ona r y N ote t o U S I nv es tor s Miner a l Res er v e an d Res our c e E st i m a t e s Al l r e s ou r c e an d r e s e r v e e sti m a t e s i n c l uded in t hi s n e ws r e l e a s e or do c um en t s r e f e r e n c e d in t hi s n e w s r e l e a s e hav e bee n p r e p a r e d i n ac c o r da nc e wit h C a na di an N at i o n al I n str u m e n t 43 101 S t and ar ds of D i sc l o su r e f or Mi ner a l P r oj e c t s NI 43 101 a nd t he C a na di an I n sti tu t e of Mi ni n g Me t a l l ur g y an d P e t r ol e u m t he C I M C I M De f i n i t i on S t an dar ds on Mi ner al Re s ou r c e s and Mi ner al Re s e r v e s a d op t e d by th e CIM C o u n c il as am en ded t he C I M S t a nd ar ds NI 43 101 is a ru le d e v e l op e d by th e C ana di an S e cu r i t i e s A d m i n i str a t o r s wh ic h e sta b l i sh e d s t a nd ar ds fo r a ll pu bl i c d i sc l o su r e an is s u e r m ak e s of s c i e n t if i c and t e c hn i c al i n fo r m a ti o n c o nc er ni ng min e r a l p r o je c t s T he t e r m s m i n e ra l r e s e r v e p r o v e n m i ne r al r e s e r v e an d pr o b ab l e m i ner al r e s e r v e ar e C a na di an m i n i n g t e r ms as def i ned in ac c o r d anc e wit h NI 43 101 and th e CIM S t andar d s Th e s e def i ni t i o ns d i ffe r m a t e r ia ll y f r o m th e def i ni t i o ns in SEC I n d u str y Gu i d e 7 SEC I n d u str y Gu i d e 7 under th e U n it e d S ta te s S e c u r it i e s A ct of 1933 as am ende d and th e E x c hange A ct I n ad di t i o n th e t e r m s Mi n er al Re s o u r c e me a s u r e d M i ne r al Re s ou r c e i n d i c a te d Mi ner a l Re s ou r c e and In f e r r e d Mi ner al Re s ou r c e a r e def i ne d in and r e q u i r e d to be d is c l o s e d by NI 43 101 and t he C I M S t an dar ds h ow e v e r th e se t e r ms ar e no t def i ne d t e r m s un der SE C I n d u st r y G ui de 7 and a r e n o r ma ll y no t p e r m i t t e d to be u se d in r e p or t s a nd r e g i s t r a t i o n sta t e m e n ts f il e d wi t h th e U S S e c u r i t i e s a nd E x c h ange Co m mis s i o n th e S E C I n v e sto r s a r e c aut i o n e d no t to as s um e t hat a ll or an y par t of m i ner al d e p os i t s in th e se c a t e g or i e s wi l l e v e r be c on v e r t e d in t o r e s e r v e s In f e r r e d Mi ne r al Re s o u r c e s ha v e a gr e at am o unt of unc e r t a i nt y as to t h e i r e xis t e n c e a nd gr ea t un c er t ai n t y as to t h e i r e c on om i c a nd le g a l f e a s ib il it y I t c an no t be a ssu m e d t hat a ll or an y pa r t of an I n f e r r e d Mi ne r al R e s ou r c e wi l l e v e r be up gr ade d to a hi gher c a t ego r y U nder C a na di an r u l e s e sti m a t e s of In f e r r e d Mi ner al Re s ou r c e s ma y no t f o r m th e b a si s of f e a s ib il it y or p r e f e a s i b il i t y stu d i e s e x c e p t in v e r y li m i t e d c i r cu m s t a n ce s I n v e sto r s a r e c au t i o ned no t to as s um e t hat a ll or any par t of a Mi ner a l Re s ou r c e e x i sts wil l e v e r be c on v e r t e d in t o a Mi ne r a l Re s e r v e or is or wil l e v e r be e c on om i c a l l y or le g a l ly m i n e a b l e or r e c ov e r e d