Kirkland Lake Discoveries Corp. Announces Upsized Brokered Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Sept. 22, 2026 (GLOBE NEWSWIRE) — Kirkland Lake Discoveries Corp. (TSXV: KLDC) (“Kirkland” or the “Company”) announces that, further to its news release dated September 17, 2026, it has entered into an amendment agreement with Canaccord Genuity Corp. (“Canaccord Genuity”) pursuant to which Canaccord Genuity and a syndicate of agents (collectively, the “Agents”) have agreed to upsize the previously announced “best efforts” private placement (the “Offering”) by the Company which shall now consist of (i) flow-through common shares (the “FT Shares”) of the Company at a price of $0.40 per FT Share, and special flow-through common shares (the “Special FT Shares”) of the Company at a price of $0.483 per Special FT Share, in any combination, for aggregate gross proceeds of up to approximately $12,292,662; and (ii) up to 14,285,714 common shares (the “HD Shares”) of the Company at a price of $0.35 per HD Share for gross proceeds of up to approximately $5,000,000. asserted

Each of the FT Shares and Special FT Shares will qualify as a “flow-through share” for the purposes of the Income Tax Act (Canada). asserted