AGNICO EAGLE ANNOUNCES ACQUISITION OF COMMON SHARES OF ONGOLD RESOURCES LTD.

Core Viewpoint - Agnico Eagle Mines Limited has completed a transaction with ONGold Resources Ltd, acquiring 8,700,000 common shares, representing approximately 15.0% of ONGold's issued and outstanding shares on a non-diluted basis [1][2][10]. Group 1: Transaction Details - The asset purchase agreement was signed on November 25, 2024, and completed on December 20, 2024, resulting in Agnico Eagle acquiring the shares as consideration for the sale of certain assets [1][4]. - Agnico Eagle did not own any common shares of ONGold prior to the transaction [2]. Group 2: Investor Rights Agreement - An investor rights agreement was established, granting Agnico Eagle rights to maintain ownership thresholds, including participation in equity financings and the right to nominate board members under certain conditions [3]. Group 3: Company Background - Agnico Eagle is a senior gold mining company, recognized as the third largest gold producer globally, with operations in Canada, Australia, Finland, and Mexico [5]. - The company has a strong track record of shareholder value creation, having declared cash dividends every year since 1983 [5].