Kirkland Lake Gold Mourns Death of Board Member Paul Kostiuk
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/15/10 -- Kirkland Lake Gold Inc. (TSX: KGI)(AIM: KGI) ('Kirkland Lake Gold' or the 'Company'), an operating and exploration gold mining company located in Ontario, Canada, with great sadness notes the passing of Board member S. Paul Kostiuk.
Paul, a graduate from Queen's University in mining engineering had been a member of the Board since the Company's founding in 2001. He enjoyed an extensive mining career working in underground mines in several Canadian companies. In 1970 he joined Molycorp Inc. in New York, assuming responsibility for its mining activities as Vice President, Mining and Exploration. Mr. Kostuik then joined Vulcan Materials Company, a Fortune 500 company and the world's foremost producer of construction aggregates, as President of its Southeast Division in 1974. He was promoted to Executive Vice president in 1977 with responsibility for all construction materials Divisions, and in 1980 he was elected to Vulcan's Board of Directors. Paul was appointed President and COO of Quintette Coal Limited in 1985, serving a 7 year period on its Board of Directors, as well as on the Board its major shareholder, Denison Mines Ltd. In 1992 he joined the Board of Directors of Jordex Resources, and two years later was appointed President and CEO, during which time he was responsible for the project negotiations with Anglo American and the commercialization of the Loma de Hierro nickel project.
Regrettably, Paul passed away on September 4 after a brave battle with cancer.
Mr. Brian Hinchcliffe, President and CEO, stated, 'The entire Company is greatly saddened by the loss of Paul. We were very fortunate to have him serve on our board of directors and help direct the Company since its founding. Paul's analytical clarity, technical knowledge, commitment to the Company's success and his friendship will be sincerely missed. On behalf of Kirkland Lake Gold, we extend our deepest condolences to Paul's family.'
Neither the Toronto Stock Exchange nor the AIM Market of the London Stock Exchange has reviewed and neither accepts responsibility for the adequacy or accuracy of this news release.
Contacts:
Kirkland Lake Gold Inc.
Brian Hinchcliffe
President
705 567 5208
705 568 6444 (FAX)
bhinchcliffe@klgold.com
Kirkland Lake Gold Inc.
Lindsay Carpenter
Director of Investor Relations
416 840 7884
416 850 1617 (FAX)
lcarpenter@klgold.com
www.klgold.com
Pelham Bell Pottinger
Klara Kaczmarek
+44 207 861 3883
kkaczmarek@pelhambellpottinger.co.uk
NOMAD: Panmure Gordon (UK) Limited
Katherine Roe / Callum Stewart
+44 207 459 3600
katherine.roe@panmure.com
Ocean Equities Ltd.
Guy Wilkes
+44 207 786 4370
guy.wilkes@oceanequities.co.uk