Kirkland Lake Discoveries provided an update on the exploration strategy for the summer 2024 field season. The Company has commenced an extensive soil sampling program across large areas of KL West and KL East. Mapping, prospecting, and sampling of key areas following drill results from the Hurricane Intrusive Zone will also be initiated.

Drilling intersected intense alteration and fluid pathways that indicate the presence of a strong system and tracing key interceptions and geochemical traps to surface will help to increase understanding of this prospective system. Geochemical Soil Survey: The Company will be undertaking an extensive soil sampling survey covering prospective areas on KL West and KL East that are highly prospective but have minimal outcrop. These soil sampling grids are contiguous with the programs that Val d'Or Mining and Eldorado Gold completed last year near KL West, and the soil sampling completed by Agnico Eagle Mines south of KL East.

Soil sampling provides a cost-effective method to narrow down potential targets in large areas. This will allow the Company to focus its resources on the areas with the highest potential for mineralization. Hurricane Intrusive Zone Exploration: In the winter of 2024, drilling at the Hurricane Intrusive Zone encountered wide intervals of syenite intrusive hosted quartz-veining and potassic-hematite alteration accompanied by pyrite and subordinate chalcopyrite mineralization.

This geological signature is very similar to the ore-bearing zones at the Young-Davidson mine owned and operated by Alamos Gold in Matachewan. Drilling also intersected weakly gold-bearing zones of intensely bleached and altered zones within mafic volcanics. Both of the above geological environments provide vectors for continued prospecting and mapping with the goal of tracing these systems to surface.

Barbi Lake Exploration: Barbi Lake is an intrusive body on the eastern section of the KL East property that is coincident with the Mulven Lake Fault. In 2018, samples from trenches completed by New Found Gold returned 3 g/t Au and 0.7% Cu. Findings from the Metal Earth magnetotelluric and seismic studies have indicated that the depth extent of the Mulven Lake Fault is deep-seated, similar to the Larder Lake-Cadillac deformation zone which is an integral structure to the gold deposits of the Kirkland Lake gold camp.

The exploration team will be following up on the Barbi Lake intrusive with emphasis on its proximal location to the Mulven Lake Fault. Copper King Exploration: An historical shaft is located at Copper King where a NE-trending structure is associated with quartz vein-hosted copper that has assayed up to 1.5% Cu. Recent work by Agnico Eagle has identified multiple additional NE-trending mineralized structures that are parallel to the Copper King on their property, less than 2 km to the south.

The exploration team will set out to ground truth those structures on the Company's property. Gem Lake Exploration: Multiple high gold grain counts in till have been historically identified. The exploration team will follow up this trend and explore the interaction with the Mulven and Misema Lake Faults.

Misema-Mist Lake and Mulven-Kinabik Lake Faults Exploration: Mapping and prospecting will also occur over the next few months along the Misema-Mist Lake Fault system. The deep-seated nature of the fault system identified by the Metal Earth seismic survey makes this a highly prospective corridor for gold mineralization. Previous till sampling along the eastern section of the Misema-Mist Lake Fault returned high gold grain counts along the structure.

Emphasis will be placed on following up on these results. McVittie Diorite Exploration: The McVittie Diorite is an elongated, structurally complex intrusive body with a unique orientation relative to the surrounding geology. The geophysical interpretations indicate tight folding and offset within the system.

With previous mapping and sampling returning anomalous gold, it is an area of interest to further expand on the complex nature of mineralization. The McVittie Diorite area is approximately 5km long and 1km wide. Because of the expansive area, the soil sampling grid will provide the initial coverage and allow to link any potential geochemical anomalous zone with the structural features of interest.

Dobos and Raven Showings Exploration: The Dobos and Raven showings are situated along a SE-trending shear along the contact of a gabbroic intrusive. In 1940, the Dobos Syndicate reported 9 g/t Au over 1.82m in Pit 1 (AFRI 42A08SE0014). In 1990, stripping and grab samples by Leahey yielded 6.1, 1.22 and 0.70 g/t Au and up to 0.91% Cu.

In 1989, at the Raven showing, drilling by Leahey intersected 0.549 g/t Au over 26.8m (AFRI 42A08SE0014). Both showings have had little exploration since. The objectives of mapping and sampling by the Company this summer will be to investigate the nature and significance of the gold mineralization at both showings and understand the geological relationship between the two in preparation for drilling.