Kirkland Lake Discoveries Advances KL West into Multi-Target Pipeline

District-wide 65-hole drill program identifies multiple VMS-style, intrusion-related gold and structurally controlled gold systems along 17-km Winnie Lake Stock corridor

Toronto, Ontario--(Newsfile Corp. - August 18, 2026) - Kirkland Lake Discoveries Corp. (TSXV: KLDC) (OTCQB: KLKLF) ("KLDC" or the "Company") announces receipt of the complete gold and multi-element analytical dataset from the KL West diamond drilling campaign completed on April 1, 2026. The program comprised 65 drill holes totalling 19,161.9 m and 9,616 original drill-core samples.

Integration of the analytical data with geological logging, alteration, mineralization, structural interpretation and regional geophysics has identified multiple fertile hydrothermal systems and established a district-scale framework for vectoring toward higher-priority discovery opportunities.

Highlights

• Completed 65-hole, 19,161.9-metre district-scale drill campaign across 10 target areas

• Identified three distinct mineralizing systems across KL West, with multiple independent discovery opportunities

• Gold mineralization confirmed across multiple target areas, including:

  • 5.57 g/t Au over 1.13 m (Winnie Lake)

  • 1.41 g/t Au over 3.40 m (Wolverine Bend)

  • 1.87 g/t Au over 0.80 m (Wolverine Bend)

• 38 holes intersected signatures associated with intrusion-related gold systems

• 27 holes intersected polymetallic signatures associated with VMS-style systems

• Multiple priority drill corridors now identified for follow-up exploration

The importance of this program extends well beyond any single drill intersection," said Stefan Sklepowicz, Chief Executive Officer of KLDC. "Our regional targets repeatedly intersected the same fertile hydrothermal signatures along kilometre-scale corridors, giving us a much clearer understanding of the mineralizing system across the property. We can now see where the system is distal, where it becomes more focused and where gold, copper and critical-metal associations coincide. This property-wide understanding provides a more predictive framework for ranking our next generation of drill targets and reinforces the potential for multiple discoveries across KL West."

Exploration Model Update

KLDC is actively incorporating the final analytical results into QGIS and Leapfrog workflows. The next phase of work will focus on:

• Refining three-dimensional targeting models and regional prospectivity maps

• Prioritizing of the highest-confidence drill targets using the integrated vectoring framework

• Drilling at Winnie Lake and expansion drilling along the Wolverine Bend alteration corridor

• Testing potential feeder and intrusive-centre targets at Cross Roads and Nine Mile

• Following the polymetallic signatures at Sharp Target and Hammerhead toward potential feeder zones

What 19,000 Metres of Drilling Achieved

The completed program has converted a collection of largely independent targets into a property-scale exploration framework. KL West can now be evaluated as a district-scale project with multiple independently testable discovery opportunities.

Table 1 - From Scattered Targets to a District-Scale Story

Mineralization Systems at KL West

Integrated interpretation indicates that KL West hosts at least three distinct mineralizing environments.

1. Polymetallic VMS-Style Systems (Winnie Lake, Sharp Target, Hammerhead)

• Footprint: 5.2 km east-west by 6.6 km north-south.

• Pathfinders: Cu-Zn-Ag-Pb-Ba-S.

• Highlight Maximum Values: 5.878% Cu and 93.6 g/t Ag (KLD25-35); 9,350 ppm Pb (KLD25-46); 8,580 ppm Ba (KLD26-54); database maxima of 10,000 ppm Zn and 10% S.

2. Intrusion-Related Gold Systems (Winnie Lake, Wolverine Bend, Nine Mile, Cross Roads)

• Footprint: 3.1 km east-west by 7.0 km north-south.

• Pathfinders: Au-Bi-Te-Mo-W.

• Highlight Maximum Values: 5.57 g/t Au (KLD26-52); 6,880 ppm Bi (KLD26-48); 26.9 ppm Te (KLD26-68); 6,600 ppm Mo and 1,800 ppm W (KLD26-61).

• Note: Ongoing geological modelling is evaluating the structural architecture, intrusive contacts and the potential relationship between identified syenite intervals and mineralization within these target areas.

3. Structurally Controlled Gold Systems (Leahy-Queenston, Cougar, Wolf, Moosehead)

• Footprint: Broad structural corridors over an east-west extent of 6.2 km.

• Pathfinders: Au-As-Sb-Bi-Te.

• Highlight Maximum Values: 0.221 g/t Au and 77.8 ppm As (KLD26-86); 3.79 ppm Sb (KLD26-80); 278 ppm Bi (KLD26-91); 3.47 ppm Te (KLD26-86).

Figure 1 - Conceptual illustration of how multi-element assemblages and alteration are used to distinguish distal, transitional and proximal portions of the KL West hydrothermal systems.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5701/310167_fa9212aef47afb38_001full.jpg

Gold Mineralization Across Multiple Target Areas

Gold mineralization is distributed across both the initial 2025 discovery holes and the broader 2026 regional campaign. The final database includes newly calculated intervals at Winnie Lake, Wolverine Bend and Hammerhead that complement previously released intersections.

Table 2 - Selected gold composite intervals from the KL West database

New composites use a 0.20 g/t Au cut-off, up to 3.0 m of consecutive internal dilution, length-weighted averages and no top cut. Previously released intervals are reproduced as originally reported and may reflect their original reporting parameters. Intervals are core lengths; true widths are not known for all regional targets.

Priority Growth Targets

Review of the complete dataset has identified several areas for increased technical focus.

1. Winnie Lake - Most Advanced Target Area

• Highest gold grade in the current KL West composite table: 5.57 g/t Au over 1.13 m in KLD26-52

• Coincident intrusion-related gold and polymetallic VMS-style signatures

• The campaign's largest drill database: 21 holes totalling 5,732.9 m

• Evidence for more than one mineralizing event within the same broader corridor

Winnie Lake remains the most advanced target area at KL West and continues to demonstrate the scale, geological complexity and overlapping signatures expected in an evolving hydrothermal system.

2. Wolverine Bend - Emerging Gold Corridor

• Large potassic-hematite alteration footprint

• Multiple gold-bearing composite intervals within the current database

• Recurring intrusion-related Au-Bi-Te-Mo-W signature

• Target remains interpreted as open along strike and at depth

Wolverine Bend is a significant follow-up target generated by the regional campaign and provides a clear opportunity to test the continuity and geometry of the broader gold-related alteration corridor.

3. Cross Roads and Nine Mile - Potential Intrusive Source Area

• Strong Mo-W response at Cross Roads, including database maxima of 6,600 ppm Mo and 1,800 ppm W in KLD26-61

• Au-Bi-Te-Mo-W enrichment through the broader Cross Roads-Nine Mile corridor

• Geochemistry and alteration consistent with high-temperature hydrothermal activity

Future drilling can test whether this area represents an intrusive source or fluid-focus centre related to mineralized corridors elsewhere at KL West.

Data Verification and Quality Assurance/Quality Control

The drill-hole database contains 9,616 original drill-core samples with final gold and multi-element analytical results. True widths are estimated at approximately 65% to 80% of reported core-length intervals where sufficient geological information is available. Assays are reported uncut except where otherwise indicated.

All NQ drill-core samples were submitted to ALS Laboratories in Ontario, Québec and British Columbia. Gold analyses used industry-standard 50 g fire-assay methods with an atomic-absorption finish, including Au-AA24. Selected samples were re-analyzed gravimetrically where warranted. Multi-element geochemistry used four-acid digestion followed by ICP-AES and ICP-MS determination, including ME-MS61; ore-grade overlimits used methods including Cu-OG62 and Zn-OG62.

Selected intervals were screened by portable X-ray fluorescence for rapid multi-element interpretation. These results are semi-quantitative and are not used to report compliant laboratory assays. Drill core was cut by diamond saw; half was retained for reference and half submitted for analysis.

Program design, QA/QC and interpretation were conducted by qualified persons using procedures consistent with National Instrument 43-101 and industry best practices. Certified reference materials and blanks were inserted at approximately one control sample per 20 samples. ALS also maintains an internal program of reference materials, blanks and duplicate analyses. KLDC reviews analytical certificates and control-sample performance before accepting results into the final ranked database.

Qualified Person

The technical information in this news release has been reviewed and approved by Benjamin Cleland, P.Geo., Vice-President Exploration, a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

About Kirkland Lake Discoveries Corp.

Kirkland Lake Discoveries Corp. (TSXV: KLDC) (OTCQB: KLKLF) has assembled a 420-km² exploration portfolio in the Kirkland Lake region of Ontario's Abitibi Greenstone Belt, one of the world's most prolific mining districts. The Company's properties span key fault zones, geophysical anomalies and volcanic-sedimentary contacts within the Blake River Group, a highly prospective assemblage known to host gold and polymetallic massive-sulphide deposits.

With exploration permits in place, KLDC is positioned to advance a pipeline of drill-ready targets at KL South, KL West and KL East, supported by anomalous soil trends, historical mineral showings, geological interpretation and geophysical datasets.

For Additional Information

Stefan Sklepowicz
Chief Executive Officer
Phone: +1 226-979-3515
Email: stefan@kirklandlakediscoveries.com
Website: www.kirklandlakediscoveries.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of applicable securities legislation. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding the interpretation of geochemical signatures, the potential scale and continuity of hydrothermal systems, the effectiveness of the Company's vectoring and prospectivity methods, the prioritization and testing of future drill targets, the potential for additional discoveries and future exploration plans at KL West. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially, including exploration and drilling results; the reliability and interpretation of geological, geochemical and geophysical data; assay variability; the ability to obtain permits and financing; commodity prices; and general economic, market and business conditions. Geochemical anomalies, pathfinder-element associations and interpreted mineral-system signatures are exploration vectors and are not independently evidence of economically significant mineralization. There can be no assurance that forward-looking statements will prove accurate. Readers should not place undue reliance on them. The Company does not undertake to update forward-looking statements except as required by applicable securities laws.

Appendix A - KL West Drill Collars
Coordinates are NAD83 / UTM Zone 17N.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/310167