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|Toronto Stock Exchange listing
      agreement
|----------------------------------------------

| | Date         
| | -------------
| | March 5, 2003

In consideration of the listing on The
Toronto Stock Exchange (hereinafter called the Exchange) of securities of the
undersigned (hereinafter called the Applicant), the Applicant agrees with the
Exchange as follows:

| | 1. | The Applicant will comply with all Exchange requirements
      applicable to listed companies, including Exchange rules, policies,
      rulings and procedural requirements, and any additions or amendments which
      may be made thereto from time to time, which rules, policies, rulings and
      procedural requirements may be in addition to or in lieu of the provisions
      of this agreement.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    |                                                                                                                                                                                                                                                                                                                                                                                                              
| | 2. | Without limiting the generality of Paragraph 1 hereof,
      the Applicant shall:                                                                                                                                                                                                                                                                                                                            
| |    |                                                                                                                                                                                                                                                                                                                                                                                                              
| |    | a.                                                                                                                                                                                                                                                                                                                                                                                                           
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| |    | b.                                                                                                                                                                                                                                                                                                                                                                                                           
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| |    | c.                                                                                                                                                                                                                                                                                                                                                                                                           
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| |    | d.                                                                                                                                                                                                                                                                                                                                                                                                           
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| |    | e.                                                                                                                                                                                                                                                                                                                                                                                                           
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| |    | f.                                                                                                                                                                                                                                                                                                                                                                                                           
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| |    | g.                                                                                                                                                                                                                                                                                                                                                                                                           
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| |    | h.                                                                                                                                                                                                                                                                                                                                                                                                           
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| |    | i.                                                                                                                                                                                                                                                                                                                                                                                                           
| |    |                                                                                                                                                                                                                                                                                                                                                                                                              
| |    | j.                                                                                                                                                                                                                                                                                                                                                                                                           

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| | 3. | The Exchange shall have the right, at any time, to halt
      or suspend trading in any listed securities of the Applicant with or
      without notice and with or without giving any reason for such action, or
      to delist such securities, provided that the Exchange shall not delist
      securities of the Applicant without providing the Applicant with an
      opportunity to be heard.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Name of Applicant       |                 
|----------------------- | ----------------
|KIRKLAND LAKE GOLD INC. |                 
|                        |                 
|                        |                 
|Signature               | Print
      Name
|                        |                 
|                        |                 
|Position with Applicant |                 
|                        |                 
|                        |                 
|Signature               | Print Name      
|                        |                 
|                        |                 
|Position with Applicant |                 
|                        |                 

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