Page 16 Kirkland Lake Gold s 2019 First Quarter report indicates that the record breaking 2018 production and f nancial peformance attained in 2018 continues into this quarter The success is driven by a com bined production from Fosterville and Macassa mines of 231879 oz in Q1 2019 up from 147644 oz an increase of 57 from Q1 2018 Gold poured in Q1 2019 totaling 230250 oz with total gold sold of 232929 oz Revised production guidance for 2019 The Company ended Q1 2019 well positioned to achieve its improved fullyear 2019 production guidance of 920000 1000000 oz of gold with production at Fosterville ex pected to be weighted to the sec ond half of 2019 as development advances to depth into the high grade Swan Zone Both Fosterville and Macassa achieved record production in Q1 2019 largely ref ecting strong grade performance as well as higher levels of mill throughput at Foster ville explained T ony Makuch KLG President and CEO At Foster ville we continued to advance de velopment and production from the Swan Zone with stope production advancing on multiple levels As we develop deeper into the zone we are targeting higher levels of pro duction from Swan particularly in GOING FOR EVER YTHING GOLD IN THEY DO Kirkland Lake Gold continues record breaking production the second half of the year Record Production at Fosterville and Macassa At Fosterville 128445 oz of gold was produced more than double the 63843 oz produced in Q1 2018 and a 3 increase from the previ ous quarterly record of 124307 oz Fosterville s 2019 operating costs per ounce sold guidance improved to 170 190 from 200 220 previously At Macassa production on the 5600 and 5700 levels continues to generate better than planned grades for KLG Production over the balance of the year will remain largely focused on these areas Record production at Macassa to taled 72776 oz an increase of 35 from 54038 oz in Q1 2018 and 4 higher than the previous quarterly record of 69936 oz in Q4 2018 Production for the 4th quarter 2018 was also a record totaling 231217 oz which compared to the previ ous high of 181155 oz in Q3 2018 Holt T aylor Holloway Mines Production at Holt and T aylor mines reached 17225 oz and 12377 oz respectively which compared to 16675 oz and 13055 oz respec tively in Q1 2018 and 16774 oz and 19305 oz respectively the previous quarter The Holloway mine resumed op erations after a revised royalty agreement with the Franco Ne vada Corporation A total of 1056 oz were produced at Holloway and processed at the Holt mill dur ing Q1 2019 which resulted from processing 7826 tonnes at an av erage grade of 44 gt and average recoveries of 954 Production at Holloway is expected to ramp up during 2019 and total approximate ly 20000 ounces for the full year Improved production trend continues Overall production for 2018 to taled 723701 oz That was 21 increase from 2017 and it bettered the projected 2018 guidance over 670000 oz The picture for improved produc tion over the remainder of 2019 and the next two years remains bright for KLG buoyed by increases in consolidated mineral reserves of 24 to 5750000 oz 158 grams per tonne gt total additions of 1860000 oz before depletion of 750000 oz Fosterville Mineral Reserves in creased 1020000 oz or 60 to 2720000 oz 310 gt with the Swan Zone Mineral Reserve dou bling to 2340000 oz 496 gt total additions of 1386000 oz before depletion of 366000 oz Macassa Mineral Reserves at De cember 31 2018 increased 1 1 to 2250000 oz 219 gt total ad Contd on pg 16