AGNICO EAGLE ANNOUNCES ADDITIONAL INVESTMENT IN CARTIER RESOURCES INC.

Core Viewpoint - Agnico Eagle Mines Limited has agreed to subscribe for 20,770,000 units of Cartier Resources Inc. in a non-brokered private placement, totaling C$2,700,100, with each unit consisting of one common share and one purchase warrant [1] Group 1: Private Placement Details - The private placement price is set at C$0.13 per unit, with each warrant allowing the purchase of a common share at C$0.18 for five years [1] - Closing of the private placement is expected around April 10, 2025, subject to certain conditions [1] Group 2: Ownership Structure - Post-private placement, Agnico Eagle will own approximately 27.7% of Cartier's common shares on an undiluted basis and 32.2% on a partially-diluted basis, assuming the exercise of existing and new warrants [2] - Currently, Agnico Eagle holds 97,022,944 common shares and 7,000,000 existing warrants, representing about 26.6% undiluted and 28.0% partially-diluted ownership [2] Group 3: Investor Rights Agreements - Agnico Eagle's rights include participation in equity financings to maintain ownership interest and the right to nominate board members, which have been amended to allow for increased ownership thresholds and board nominations [3][4] - The existing investor rights agreements were updated to enhance Agnico Eagle's participation rights and board nomination capabilities [4] Group 4: Company Profile - Agnico Eagle is a senior gold mining company, recognized as the third largest gold producer globally, with operations in Canada, Australia, Finland, and Mexico [8] - The company has a history of consistent shareholder value creation, having declared cash dividends annually since 1983 [8]