Strategic Stake

Anglo Pacific Group PLC
08 January 2003


Anglo Pacific Group PLC ('APG'), in line with their policy of acquiring
strategic stakes in gold and PGM projects, are pleased to announce that they
have acquired a further 650,000 shares in Kirkland Lake Gold Inc. ('KLG')
through a placing at 1.80 C$ (72p) per share. This increases APG's holding to
1,341,100 shares representing 6.2% of the issued share capital of KLG after this
placing.

KLG, which is listed on the TSXV in Canada (Symbol KGI) owns the Macassa mine
and mill and the four adjacent former producing mines, Kirkland Minerals, Teck
Hughes, Lakeshore and Wright Hargreaves. These five mines, which form part of
the Kirkland Lake Gold Camp in northeast Ontario, Canada, have historically
produced 22 million ounces of gold at an average grade of circa 15 gms per ton.
KLG has recently restarted gold mining at the camp as well as a new drilling
programme-for details see the Kirkland Lake Gold website at www.KLGOLD.com


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