Agnico Eagle Mines Ltd (AEM)

[Ed Monton]

Kirkland Lake Gold Inc.: Program Targeting Parallel
Break to the South Returns 0.72 oz/ton Over 21.5 Feet

KIRKLAND LAKE, ONTARIO--(CCNMatthews - Mar 29, 2004) -

Kirkland Lake Gold Inc. (the "Company") is pleased to announce
drilling results from one of its programs, underway within the
three year $21 million exploration campaign, described in a
January 23, 2004 news release. The latest drill hole, 47-1022A
has intersected mineralization 1,478.5 feet south of the Macassa
Main Ore Horizon from the 4700 level and assayed 0.72 ounces per
ton of gold over 21.5 feet (unknown true width ("TW")). The
mineralization intersected in 47-1022A remains open above, below
and to the west. (see figure 1).

This new intersection is 120 feet below and 130 feet west of
drill hole 47-994B which discovered the South Porphyry Zone in
November 2003 and was described in a news release dated November
6, 2003. Drill hole 47-994B assayed 0.16 ounce per ton gold over
62.2 feet (unknown TW) and included 0.33 ounce per ton over 20.1
feet (unknown TW), and 1.89 ounce per ton over 3.0 feet (unknown
TW). At this time it is not clear if the mineralization
intersected in the two holes are the same zone.

The mineralization in the new intersection in hole 47-1022A looks
identical to a hole drilled by the prior owner of the property (
hole 47-885) in 1999 just before the mine's closure (10%
pyritized, silicified tuff). This hole had intersected 0.76
ounces of gold per ton over 12.8 feet (12.8 feet TW). To date
drilling from this program has outlined four hangingwall vein
systems that have been identified 600 to 1600 feet south of the
04 and Main Break structural system that produced 24 million
ounces of gold.

"We are in the early days of this exciting program, testing for
parallel structures to the South of the main ore horizon, however
this intersection represents a big step forward, " said Stewart
Carmichael, Chief Exploration Geologist. "The exciting
development is that we have added a second drill, which is now
working with the capacity of drilling up to 3,000 feet. This
drill is located 800 feet east of #2 Shaft where drilling has not
penetrated anything further than 600 feet to the South!"

 
  
 The following table summarizes the new drill results: 
 ------------------------------------------------------------------------ 
 DRILL         VEIN     FROM       TO      HOLE   AZIMUTH           ASSAY 
 HOLE                 (feet)   (feet)       DIP (degrees)        (oz. per 
 No.                                  (degrees)                 ton/feet) 
 ------------------------------------------------------------------------ 
 47-1022A  SOUTH 
           PORPHYRY  1,478.5  1,500.0       -13       130      0.72/21.5' 
                                                                   equals 
                                                               UNKNOWN TW 
 ------------------------------------------------------------------------ 
           INCLUDING 1,478.5  1,480.5       -13       130       2.00/2.0' 
                                                                   equals 
                                                               UNKNOWN TW 
 ------------------------------------------------------------------------ 
           INCLUDING 1,484.0  1,487.0       -13       130       1.05/3.0' 
                                                                   equals 
                                                               UNKNOWN TW 
 ------------------------------------------------------------------------ 
           INCLUDING 1,490.0  1,493.0       -13       130       1.03/3.0' 
                                                                   equals 
                                                               UNKNOWN TW 
 ------------------------------------------------------------------------ 
  
 TW equals True Width  VG equals Visible Gold  TELL equals Tellurides  
 CUT equals cut to 3.50 oz./ton  QV equals Quartz vein  
 QS equals Quartz stringers 
  
 

............................



About the Company

The Company purchased the Macassa Mine and the 1,500 ton per day
mill along with four former producing gold properties - Kirkland
Lake Gold, Teck-Hughes, Lake Shore and Wright Hargreaves - in
December 2001. These properties, which have historically produced
some 22 million ounces of gold, extend over seven kilometers
between the Macassa Mine on the east and Wright Hargreaves on the
west and for the first time will be developed and explored under
one owner. This camp is located in the Abitibi Southern
Greenstone Belt of Kirkland Lake, Ontario, Canada.

The results of the Company's underground diamond drilling program
have been reviewed, verified (including sampling, analytical and
test data) and compiled by the Company's geological staff (which
includes a 'qualified person', Michael Sutton P.Geo. for the
purpose of NI 43-101, Standards of Disclosure for Mineral
Projects).

The Company has implemented a quality assurance and control
(QA/QC) program to ensure sampling and analysis of all
exploration work is conducted in accordance with the best
possible practices. The drill core is sawn in half with half of
the core samples shipped to the Swastika Laboratories in
Swastika, Ontario or to the Macassa mine laboratory for analysis.
The other half of the core is retained for future assay
verification. Other QA/QC includes the insertion of blanks, and
the regular re-assaying of pulps/rejects at alternate certified
labs (Polymet, Accurassay). Gold analysis is conducted by fire
assay using atomic absorption or gravimetric finish. The
laboratory re-assays at least 10% of all samples and additional
checks may be run on anomalous values.

The Company's Kirkland Lake properties are the subject of a
report prepared by Roland H. Ridler, B.A.Sc.(hons.), M.A.Sc.,
Ph.D.(Econ.Geol.), P.D., entitled Kirkland Lake Mineral
Properties (Macassa Mine, Kirkland Lake Gold, Teck-Hughes, Lake
Shore, Wright-Hargreaves dated November 30, 2001. The Company's
Macassa Mine Property is the subject of a reserve report prepared
by David W. Rennie, P.Eng. and Richard E. Routledge, M.Sc.,
P.Geol. entitled Review of Mineral Resources and Mineral Reserves
of the Macassa Mine Property, Kirkland Lake, Ontario Prepared for
Kirkland Lake Gold Inc dated December 23, 2002 and a reserve
report prepared by Michael Sutton P.Geo., and Stewart Carmichael,
P.Geo. entitled Mineral Resources and Mineral Reserves of the
Macassa Mine Property, Kirkland Lake, Ontario (Kirkland Lake Gold
Inc.) as at April 30, 2003 dated August 30, 2003. All of these
technical reports have been filed on SEDAR (www.sedar.com
(http://www.sedar.com)).

NOTE: A map (FIGURE 1) is available on CCNMatthews' website at
http://www2.cdn-news.com/database/fax/2000/kgi0329.doc

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Kirkland Lake Gold Inc.
Brian Hinchcliffe
President
1 705 567 5208
1 705 568 6444 (FAX)
E-mail: [e-mail]
Website- www.klgold.com