Agnico Eagle Mines Ltd (AEM)

[Ed Monton]

KIRKLAND LAKE GOLD INC.

TSX SYMBOL: KGI

NOVEMBER 20, 2003 - 15:30 ET

Kirkland Lake Gold Inc.: Private Placement of Units for
Proceeds of up to $ 7.8 Million

KIRKLAND LAKE, ONTARIO--THIS NEWS RELEASE IS NOT FOR
DISSEMINATION TO U.S. WIRE SERVICES.

Kirkland Lake Gold Inc. (the "Company") is pleased to announce it
intends to privately place up to 2 million units at a price of
$3.90 per unit for gross proceeds of up to $ 7.8 million. Each
unit shall consist of one common share and one-half of a share
purchase warrant. Each whole warrant is exercisable for a period
of 18 months at a price of $4.40 per share. If market conditions
warrant, the Company may increase the size of the placement by up
to 10% (200,000 units) on the same terms. The Company understands
that one or more family trusts, the beneficiaries of which are
the spouse and sisters of the Company's Chairman, D. Harry W.
Dobson, will be subscribing for over 50% of the placement.

The proceeds from the financing will be used to fund further
development of the Company's Kirkland Lake, Ontario mining
operations, in particular the recently announced programs
developing the region from Shaft No. 3 to the south of the Main
Break.

The financing is subject to receipt of all regulatory approvals.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Kirkland Lake Gold Inc.
Brian A. Hinchcliffe
[phone]
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.