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To: Goose94 who wrote (22788)	11/9/2016 3:23:55 PM
From: Goose94	Respond to of 202704

Newmarket Gold (NMI-T) and Kirkland Lake Gold (KLG-T) Receive Leading Independent Advisory Firm Institutional Shareholder Services support for merger Nov 9, '16 - NR Kirkland Lake Gold and Newmarket Gold are pleased to announce Institutional Shareholder Services Inc., the leading independent proxy advisory firm that provides voting recommendations to institutional investors, has recommended that shareholders of each company vote in favour of the proposed plan of arrangement dated September 29th, 2016 to merge the two companies. ISS has recommended that both Kirkland Lake Gold and Newmarket shareholders vote FOR the respective resolutions relating to the plan of arrangement for a number of reasons, including the fact "the arrangement makes strategic sense" for both companies "as it will result in the creation of a larger, more diversified company with a portfolio of high-quality assets, while the Combined Company will have a stronger financial position and greater cash resources" than Kirkland Lake Gold or Newmarket alone. In connection with the Business Combination, shareholders of Kirkland Lake Gold will receive 2.1053 Newmarket shares (on a pre-consolidated basis) for each Kirkland Lake Gold share held which will be approximately one Newmarket share on a post-consolidation basis. Pursuant to the consolidation, shareholders of Newmarket will receive 0.475 of a post-consolidation share for every one pre-consolidation share of Newmarket held. Existing Kirkland Lake Gold and Newmarket shareholders will own approximately 57% and 43% of the combined company, respectively, on a fully-diluted in-the-money basis. Management of both companies believes that the Business Combination will provide shareholders with significant benefits to each that would not be available if each company remained as a standalone entity. Shareholders of Kirkland Lake Gold and Newmarket are encouraged to read the Joint Management Information Circular, a copy of which is available under their respective profiles on the SEDAR website ( www.sedar.com). How To Vote Shareholders must vote their proxy before 10:00 a.m. (Toronto time) on November 23, 2016. Kirkland Lake Gold shareholders with questions or who need help voting are encouraged to contact Kingsdale Shareholder Services at 1-877-659-1824 toll-free within North America, or 1-416-867-2272 (for collect calls outside North America), or e-mail at contactus@kingsdaleshareholder.com. Newmarket shareholders with questions or who require assistance with voting, should contact Laurel Hill Advisory Group, at 1-877-452-7184 toll-free, or 1-416-304-0211 (for collect calls outside North America) or by e-mail at assistance@laurelhill.com. About Kirkland Lake Gold Kirkland Lake Gold is an intermediate gold producer with assets in the historic Kirkland Lake gold camp, and east of the Timmins gold camp along the Porcupine-Destor Fault Zone, both in northeastern Ontario. Kirkland Lake Gold is currently targeting annual gold production of between 280,000 to 290,000 ounces from its cornerstone asset, the Macassa Mine Complex and the Holt Mine Complex which includes the Holt, Holloway and Taylor mines. Kirkland Lake Gold is committed to building a sustainable mining company that is recognized as a safe and responsible gold producer with quality assets in safe mining jurisdictions. About Newmarket Newmarket is a Canadian listed gold producer with three 100% owned underground operating mines in Australia. The flagship operation, Fosterville Gold Mine, and the Stawell Gold Mine are located in the state of Victoria, and the Cosmo Gold Mine is located in the Northern Territory. In addition, Newmarket has a pipeline of growth projects within Australia, including The Maud Creek Gold Project in the Northern Territory and the Big Hill Gold Project in the state of Victoria. Newmarket is based on a strong foundation of quality gold production from its three Australian mines, producing over 220,000 ounces of gold annually. Newmarket is dedicated to the development of its resources, targeted exploration, and prudent cost management practices, while continuing to generate free cash flow and maintaining a large resource base with reserve upside. Newmarket strives to enhance shareholder value through a disciplined approach to growth, focused on organic exploration success on near mine targets and accretive acquisition opportunities in stable mining jurisdictions. The Toronto Stock Exchange has neither reviewed nor accepts responsibility for the adequacy or accuracy of this news release. Kirkland Lake Gold Media: Ian Robertson, Kingsdale Shareholder Services Executive Vice President, Communication Strategy Direct: +1 416-867-2333; Mobile: +1 647-621-2646 irobertson@kingsdaleshareholder.com Investors: Suzette N Ramcharan, CPIR Kirkland Lake Gold Inc. Director of Investor Relations Direct: +1 647-361-0200; Mobile: +1 647-284-5315 sramcharan@klgold.com Newmarket Ryan King VP, Investor Relations +1 778-372-5611 rking@newmarketgoldinc.com