Kirkland Lake Discoveries Intersects 1.22 g/t Au over 69.5 m at New "Mirado West" Zone, Doubling Gold Footprint to over 1,300 m

Kirkland Lake Discoveries Corp. (KLDC) released results for the first two drill holes from the former MZ regional target, now renamed Mirado West, at its KL South Mirado gold project.

Key reported intercepts, uncut and downhole:

• KLM26-037: 1.22 g/t Au over 69.50 m from 33.00 m, including 5.67 g/t Au over 12.00 m from 41.00 m
• KLM26-037 also: 0.23 g/t Au over 7.00 m from 127.00 m and 0.56 g/t Au over 1.00 m from 277.00 m
• KLM26-035: 0.35 g/t Au over 21.18 m from 19.50 m
• KLM26-035: 0.65 g/t Au over 15.83 m from 65.17 m
• KLM26-035: 0.34 g/t Au over 11.23 m from 95.50 m
• KLM26-035: 36.72 g/t Au over 1.01 m from 174.49 m
• KLM26-035: 0.89 g/t Au over 11.60 m from 222.40 m, including 3.70 g/t Au over 2.30 m

The company states the mineralization and alteration are consistent with the Mirado South Zone, extends the footprint more than 600 m west, and brings the lateral mineralized footprint to over 1,300 m. Nineteen holes are pending.

Kirkland Lake Discoveries Corp. (KLDC) released a discovery and step-out announcement that materially alters the target scale at the pre-resource explorer. The update extends the Mirado target 600 meters west, doubling the mineralized footprint to over 1,300 meters.

Shares moved from approximately C$0.15–0.20 in March 2026 to a high of C$0.64 in May 2026 on the first Mirado holes. By September 1, 2026, the price had fallen back to C$0.30, representing a decline of about 53% from the high. Consequently, the earlier high-grade anchor results are no longer embedded in the share price as the benchmark this release must beat. The current price does not yet reflect this new 600-meter step-out.

While the release does not constitute a world-class grade event, it presents a genuine positive for an exploration-stage micro-cap with a C$61.7 million market capitalization. The announcement includes a near-surface intercept of 69.5 meters at 1.22 g/t, including 12 meters at 5.67 g/t. This increases the perceived scale of the system and adds a new zone to the resource growth story.

A 10–20% bounce from C$0.30 is possible on this news, with confirmation dependent on the four pending Mirado West holes.

Kirkland Lake Discoveries Corp. (KLDC) is an exploration-stage company holding a 420 km² position in the Kirkland Lake region of Ontario's Abitibi greenstone belt. The firm trades on the TSX Venture Exchange under the ticker KLDC and on the OTCQB under KLKLF.

The company’s primary projects include the KL South area, which features the Mirado and Mirado West/MZ Zone gold targets; the KL West area, which contains porphyry, IRGS, and VMS-style targets such as Winnie Lake, Wolverine Bend, Hammerhead, and Nine Mile; and the KL East regional target portfolio.

A historical inferred resource for the Mirado property, which is not a current NI 43-101 report, stands at 10.6 Mt at 1.29 g/t Au for approximately 442,000 oz. Kirkland Lake Discoveries Corp. currently holds no reserves or resources.

Regarding prior-period financial context, the company reported cash of about C$4.26 million at Q2 2026, total assets of C$25.85 million, total liabilities of C$0.85 million, and 205.63 million shares outstanding. Management has flagged a going concern risk and dependence on future equity financing.