Kirkland Lake Discoveries Inc. Announces Non-Brokered Private Placement

Toronto, Ontario–(Newsfile Corp. – December 17, 2024)

Kirkland Lake Discoveries Inc. (TSXV: KLDC) (OTC Pink: KLKLF) (the “Company”) is pleased to announce that it proposes to complete a non-brokered private placement (the “Offering”) pursuant to which it shall issue (i) flow-through units (“FT Units”) at a price of $0.07 per FT Unit; and (ii) units (“Units”) at a price of $0.05 per Unit, in any combination to raise aggregate gross proceeds of up to $1,600,000. Each Unit will consist of one common share of the Company (a “Common Share”) and one share purchase warrant exercisable to acquire one additional Common Share at an exercise price of $0.08 for a period of 36 months from the date of issuance thereof.

Kirkland Lake Discoveries Inc. is a mineral exploration company focused on discovering and developing high-quality precious metal projects in Canada. The proposed non-brokered private placement will provide the Company with additional funding to advance its exploration activities and potentially make new discoveries in the mining sector.

The Offering includes both flow-through units and units at attractive prices, allowing investors to participate in the Company’s growth potential. Each Unit consists of a Common Share and a warrant, providing investors with the opportunity to benefit from potential future share price appreciation.

This announcement demonstrates Kirkland Lake Discoveries Inc.’s commitment to expanding its operations and advancing its exploration projects. By raising funds through the private placement, the Company aims to strengthen its financial position and accelerate its exploration efforts in pursuit of valuable mineral deposits.

Impact on Individuals:

As an individual investor, participating in Kirkland Lake Discoveries Inc.’s private placement offering presents an opportunity to support the Company’s exploration activities and potentially benefit from any future discoveries. By acquiring FT Units or Units at the specified prices, investors can gain exposure to the mining industry and contribute to the Company’s growth trajectory.

Impact on the World:

The successful completion of Kirkland Lake Discoveries Inc.’s non-brokered private placement could have broader implications for the mining sector and the economy as a whole. By raising additional funds for exploration and development, the Company may uncover new mineral resources that could ultimately contribute to the global supply of precious metals and minerals.

Conclusion:

In conclusion, Kirkland Lake Discoveries Inc.’s announcement of a non-brokered private placement reflects its commitment to advancing exploration activities and seeking new opportunities in the mining sector. The Offering provides investors with a chance to participate in the Company’s growth and potential future success, while also highlighting the importance of continued investment in mineral exploration for global resource development.