Kirkland Lake Discoveries Hits 2.13 g/t Au over 29.0 m and 2.11 g/t Au over 14.1 m Extending Near Surface Mineralization at Mirado

Kirkland Lake Discoveries Corp. (KLDC) has released assay results from four drill holes at its KL South property, targeting the Mirado gold system. The company identified these intersections as evidence of a westward extension of the South Zone and a deep extension of the North Zone to approximately 365 meters vertical depth.

The reported core-length intervals are as follows:

• KLM26-029: 2.13 g/t Au over 29.0 m from 173.0 m, including 3.37 g/t Au over 17.5 m.
• KLM26-031: 2.11 g/t Au over 14.1 m from 157.0 m, including 2.74 g/t Au over 10.1 m, incl. 12.71 g/t Au over 1.1 m.
• KLM26-027: 4.76 g/t Au over 6.65 m from 8.0 m, plus smaller North Zone intervals.
• KLM26-028: South Zone 0.21 g/t Au over 20.0 m; North Zone 3.89 g/t Au over 2.14 m from 401.3 m.

Nineteen additional holes are currently pending, comprising nine at Mirado, six in the MZ target area, and four in regional areas.

Kirkland Lake Discoveries Corp. (KLDC) released incremental drilling results that modestly support the thesis of a larger mineralized footprint but do not materially de-risk the project. The release does not convert the historical 442,000 oz inferred resource into a current NI 43-101 resource, nor does it provide a metallurgical or economic update.

Prior-period financial context not disclosed in today’s release indicates that cash was about CAD 4.3 million at June 30, 2026, operating cash flow was negative, and management disclosed material going-concern uncertainty. The company has no revenue and relies on future equity financing.

The stock price chart shows the share ran from about CAD 0.19 in early April to CAD 0.64 on May 12 after the first Mirado holes and the bonanza-grade KLM26-004 hit, then gave back most of the gain. It now trades near CAD 0.34.

Kirkland Lake Discoveries Corp. (KLDC) is an Abitibi greenstone belt gold explorer holding a 420 km² land package around Kirkland Lake, Ontario. Its primary projects include KL South, which encompasses the Mirado and MZ targets, and KL West, featuring multiple prospects such as Winnie Lake, Wolverine Bend, Hammerhead, and Nine Mile. The Mirado project holds a historical inferred resource of 10.6 Mt at 1.29 g/t Au for approximately 442,000 oz, though it currently lacks a NI 43-101 resource. Mirado was a small past producer, having recovered about 3,227 oz in the 1940s.

At June 30, 2026, the company reported cash of about CAD 4.26 million, total assets of CAD 25.9 million, and total equity of CAD 25.0 million. It carried no debt and had shares outstanding of about 205.6 million. The company is pre-revenue and has a going-concern flag.