Core Insights - Kirkland Lake Discoveries Corp. (KLDC) is advancing its fully funded 25,000-meter diamond drilling program at the KL West Property in Ontario, confirming significant gold mineralization linked to altered syenite intrusions [2][3][6] Drilling Results - Recent drilling at the Wolverine Bend target has confirmed altered syenite intrusions as a primary control on gold mineralization, validating KLDC's exploration model [3][6] - Drilling results include: - KLD25-39: 6.3 meters at 0.62 g/t Au from 43.1 meters down hole - KLD25-40: 8.3 meters at 0.86 g/t Au from 24.9 meters down hole, including 5.5 meters at 1.21 g/t Au from 26.0 meters [6][20] - At the Winnie Lake target, a vertically zoned hydrothermal system has been identified, indicating prolonged multi-phase hydrothermal activity [4][22] Mineralization Systems - Multiple gold-bearing and polymetallic mineralizing systems have been confirmed within a 2-km segment of the 17-km-long Winnie Lake Stock (WLS) contact corridor, highlighting the district-scale exploration potential of KL West [5][6] - The presence of copper-rich breccias and gold-bearing alteration suggests a significant overlap of mineralization styles within the Blake River Group [13][22] Program Overview - As of January 17, 2026, a total of 4,409 meters have been drilled across 13 completed holes, with an average hole depth of 340 meters [19] - The drilling program is ongoing with two rigs currently operational, focusing on structurally controlled zones interpreted to host both gold and copper-rich mineralization [14][19] Future Plans - KLDC plans to drill-test a 1.5 km² intrusion-related gold soil anomaly along the northwestern margin of the WLS, characterized by elevated Au-Bi-Cu-Mo-W values [28] - The company has received all necessary drilling permits for the Kirkland Lake West region, allowing for continued exploration across multiple high-priority targets [29]

Core Viewpoint - Orecap Invest Corp. has entered into a definitive agreement to sell its 100%-owned Mirado property for a 19.9% equity stake in Kirkland Lake Discoveries Corp., reflecting a strategic shift towards holding significant equity positions in high-quality exploration companies [1][2][14]. Transaction Details - The transaction involves Orecap receiving approximately 40,050,398 shares of KLDC, valued at $11.4 million based on KLDC's closing price on December 17, 2025 [3][14]. - The shares received will be subject to a statutory four-month hold period following the closing date [7]. - The transaction is pending approval from the TSX Venture Exchange and is expected to close in January 2026 [8]. Strategic Rationale - This investment aligns with Orecap's strategy of focusing on well-capitalized companies with high-potential assets and strong management teams [4][6]. - By acquiring a stake in KLDC, Orecap increases its exposure to the Kirkland Lake region, which is known for its rich gold deposits [4][10]. Portfolio Impact - Orecap's investment in KLDC complements its existing 13.9% interest in Stardust Metal Corp., enhancing its overall exposure in the Kirkland Lake area [5]. - The transaction allows Orecap to concentrate on equity positions rather than direct ownership of land, while still retaining exposure to the Mirado Project through KLDC [6][14]. Company Background - Orecap Invest Corp. focuses on special situation investments in the natural resource sector, aiming for high returns on precious and critical metal assets [9]. - Kirkland Lake Discoveries Corp. holds a significant exploration portfolio in the Kirkland Lake region, which is recognized as one of the most prolific mining districts globally [10][11].

Core Viewpoint - Kirkland Lake Discoveries (KLDC) has entered into a definitive agreement to acquire the Mirado Gold Project, which has an inferred historical resource of approximately 442,000 ounces of gold, enhancing the company's exploration pipeline while maintaining focus on its primary targets [1][2][3]. Transaction Highlights - The Mirado acquisition is located about 15 km south of KLDC's flagship claim package, providing strategic optionality for shareholders without detracting from the company's core focus [2][3]. - The transaction involves KLDC acquiring a 100% interest in the Mirado Property, free of liens and encumbrances [20]. Financial Considerations - As part of the acquisition, KLDC will issue approximately 40,050,398 common shares to Orecap, representing 19.9% of KLDC's issued and outstanding shares, valued at $0.28 per share as of December 16, 2025 [21]. - The shares will be subject to a four-month hold period and a 12-month lock-up period [21]. Historical Resource Estimates - The Mirado Gold Project has a historical mineral resource estimate of 10.6 million tonnes at a grade of 1.29 g/t Au, containing about 442,000 ounces of gold [6][9]. - A Preliminary Economic Assessment (PEA) from 2018 reported a pit-constrained resource of 559,000 tonnes at 2.61 g/t Au, indicating potential for further resource growth through additional drilling [8][10]. Geological Setting and Mineralization - The Mirado deposit is situated within the Abitibi Greenstone Belt, characterized by a hybrid orogenic-intrusion-related system with mineralization open at depth [12][13]. - Historical high-grade surface samples and an untested IP anomaly suggest significant exploration upside in the region [9][12]. Ongoing Exploration Focus - KLDC's exploration programs and strategic priorities for its flagship claim package remain unchanged, with ongoing drilling and exploration activities expected to yield results in the near future [18][19]. - A second drill rig has been mobilized to target additional anomalies, further advancing exploration efforts [19].

Toronto, Ontario--(Newsfile Corp. - November 25, 2025) - Kirkland Lake Discoveries (TSXV: KLDC) (OTCID: KLKLF) ("KLDC" or the "Company") is pleased to announce the commencement of its fully funded 25,000-metre diamond drilling program designed to unlock a system of gold and polymetallic targets across the Company's extensive land package in the Kirkland Lake region of Ontario.HighlightsFully funded 25,000-metre drill program begins, with first rig turning at the high-priority Winnie Lake Stock (WLS) contac ...

Core Insights - Kirkland Lake Discoveries (KLDC) plans a 25,000-metre diamond drill program targeting high-priority zones identified through recent geological work [1][3] - The company has granted 5,500,000 stock options to its directors, officers, and management, exercisable at $0.40 per share for five years [4] - KLDC has a 400-km² exploration portfolio in the Kirkland Lake region, known for its rich mining potential [5] Exploration Plans - The upcoming drill program is described as the company's most ambitious to date, with a focus on areas with coincident magnetic and conductive anomalies [1][3] - Initial drilling will target high-potential areas, including follow-up targets at Winnie Lake and new discoveries at the Winnie Lake pluton [9] - A comprehensive exploration update will be released upon completion of data interpretation from recent surveys [9] Technical Insights - The combination of magnetic and magnetotelluric (MT) datasets is providing new insights into subsurface structures, enhancing target identification [3] - Preliminary results from the MT survey have revealed compelling structural and geophysical features associated with mineralization [9] - KLDC's exploration strategy emphasizes smart and efficient exploration to maximize results [6]

Core Insights - Kirkland Lake Discoveries (KLDC) has announced significant results from its inaugural drill program at the KL West Property, revealing high-grade copper sulphides and new gold discoveries within the Winnie Pluton [1][4][35] - The drill program confirmed a new mineralizing system with a 17-km perimeter, indicating a large-scale exploration opportunity in the Kirkland Lake camp [4][32] Drill Results - The drill program consisted of 10 holes totaling 1,722 meters, with notable intersections including: - 31.38 m of 1.22% CuEq from 14.62 m, including 5.02 m of 3.31% CuEq [7] - 36.5 m of 1.03% CuEq from 13.5 m, including 8.3 m of 2.18% CuEq [7] - 27.35 m of 1.27% CuEq from 13.9 m, including 8.2 m of 2.65% CuEq [7] - The results highlight the presence of both copper-rich massive sulphides and gold-bearing syenite, confirming the potential for high-grade and large-scale mineralization [8][28] New Discoveries - The program led to the first-ever discovery of gold-bearing syenite within the Winnie Pluton, associated with critical elements such as Cu, Ag, Te, Bi, and Mo [3][20] - Two distinct mineralizing systems were identified, reinforcing the interpretation that the Winnie Pluton is a significant mineralizing engine [20][25] Funding and Future Plans - KLDC is fully funded for a major follow-up drill program with over $12 million secured, utilizing newly completed Heli-MT geophysical data to guide exploration [5][33] - The company aims to expand its dataset with advanced geophysics and geochemistry to define the most prospective targets across the contact zone [33][39] Geological Significance - The findings at KL West represent a significant breakthrough for the Kirkland Lake camp, with the potential for additional discoveries along the 17-km perimeter of the Winnie Pluton [35][36] - The district has a history of producing over 40 million ounces of gold, with KLDC's land position being the largest consolidated package in the district's history [32][39]

Core Viewpoint - Kirkland Lake Discoveries Corp. has successfully closed a non-brokered private placement, raising a total of $12,721,316.65 through the issuance of various units and shares, which will be used to advance exploration activities in the Kirkland Lake region [1][2][6]. Group 1: Financing Details - The Offering included the issuance of 7,600,000 charity flow-through units at $0.37 each, 25,529,727 hard dollar units at $0.25 each, and 11,756,283 flow-through shares at $0.30 each [1]. - Each Unit consists of one common share and one-half of a common share purchase warrant, with a warrant exercise price of C$0.40 for 36 months [2]. - An insider acquired 4,000,000 FT Units for $1,480,000, qualifying the transaction as a related party transaction under MI 61-101 [3]. Group 2: Use of Proceeds - Funds from FT Units and FT Shares will be allocated to eligible Canadian exploration expenses, while proceeds from Units will be used for general corporate purposes [6]. Group 3: Marketing and Exploration Strategy - The Company has entered into a marketing contract with Revolution Small Cap Marketing for a term of 365 days, with a payment of $100,000 plus applicable taxes [8][9]. - Kirkland Lake Discoveries Corp. has a 400-km² exploration portfolio in the Kirkland Lake region, focusing on drill-ready targets supported by historical mineral showings and geophysical anomalies [10][11].

Core Viewpoint - Kirkland Lake Discoveries Corp. has announced an upsized private placement to raise gross proceeds of up to C$14 million through the issuance of various units and shares [1][2]. Group 1: Offering Details - The Offering will consist of Premium Units priced at C$0.37, Units at C$0.25, and FT Shares at C$0.30, aiming for total gross proceeds of C$14 million [2]. - Each Unit includes one common share and one-half of a share purchase warrant, with the whole warrant allowing the purchase of an additional common share at C$0.40 for 36 months [2]. - Premium Units will consist of one common share and one-half of a FT Warrant, with similar terms for the warrant as the Units [2]. Group 2: Closing and Conditions - The Offering is expected to close on or about October 16, 2025, subject to necessary approvals, including from the TSX Venture Exchange [3]. - The Company may pay finder's fees on a portion of the Offering, which will comply with applicable securities laws and TSX Venture Exchange policies [3].

Toronto, Ontario--(Newsfile Corp. - September 25, 2025) - Kirkland Lake Discoveries Inc. (TSXV: KLDC) (the "Company") is pleased to announce that further to its press release dated September 22, 2025, the Company has upsized its previously announced non-brokered private placement (the "Offering") due to strong investor demand. The Offering will now consist of the issuance of (i) flow-through shares ("FT Shares") at a price of $0.30 per FT Share; and (ii) units (each, a "Unit") at a price of $0.25 per Unit, ...

Core Viewpoint - Kirkland Lake Discoveries Inc. is proposing a non-brokered private placement to raise up to $7,000,000 through the issuance of flow-through shares and units, aimed at funding exploration activities and general working capital [1][3]. Group 1: Offering Details - The Offering will consist of flow-through shares priced at $0.30 each and units priced at $0.25 each, with the total gross proceeds expected to reach $7,000,000 [1]. - Each unit will include one common share and one half of a common share purchase warrant, with each whole warrant exercisable at $0.40 for 36 months [1]. - The proceeds from the flow-through shares will be used for Canadian exploration expenses qualifying as flow-through mining expenditures under the Income Tax Act (Canada) [3]. Group 2: Investor Participation - Initial lead orders have been secured from notable investors, including Eric Sprott, Rob McEwen, and Crescat Capital, totaling $6,000,000 [2]. - Certain insiders of the Company are expected to participate in the Offering, which is classified as a related party transaction under Multilateral Instrument 61-101 [6]. Group 3: Closing and Regulatory Aspects - The closing of the Offering is subject to customary conditions, including TSX Venture Exchange approval, and is expected to occur within 21 days of the announcement [4][7]. - All securities issued will be subject to a statutory hold period of four months and one day from the closing date [4]. Group 4: Company Overview - Kirkland Lake Discoveries Corp. has a 40,000-hectare exploration portfolio in Ontario's Abitibi Greenstone Belt, known for its prolific mining potential [8]. - The company is advancing multiple drill-ready targets across its KL East and KL West project areas, leveraging strong technical experience for efficient exploration [9].