Core Viewpoint - Agnico Eagle Mines Limited (AEM) has agreed to subscribe for 20,770,000 units of Cartier Resources Inc. in a private placement, indicating a strategic investment to increase its stake in Cartier [1] Group 1: Investment Details - AEM will invest C$2,700,100 at a price of C$0.13 per unit, with each unit comprising one common share and one purchase warrant [1] - The purchase warrants allow AEM to acquire additional common shares at C$0.18 for five years post-closing, with potential acceleration clauses [1] - The transaction is expected to close around April 10, 2025, pending certain conditions [1] Group 2: Ownership Structure - Currently, AEM holds 97,022,944 common shares and 7,000,000 purchase warrants, representing approximately 26.6% of outstanding shares on an undiluted basis [2] - Post-transaction, AEM's holdings will increase to 117,792,944 common shares and 20,770,000 offering warrants, leading to ownership of about 27.7% on an undiluted basis and 32.2% on a partially-diluted basis [2] Group 3: Market Performance - AEM's shares have appreciated by 86.3% over the past year, outperforming the industry average increase of 47.9% [3] Group 4: Future Production and Costs - For 2025, AEM anticipates gold production between 3.3 to 3.5 million ounces, with total cash costs per ounce projected between $915 and $965 [4] - The all-in sustaining costs (AISC) per ounce are expected to range from $1,250 to $1,300, with capital expenditures projected between $1.75 billion and $1.95 billion [4]

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]

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES/ VAL-D'OR, Québec, March 20, 2025 (GLOBE NEWSWIRE) -- Cartier Resources Inc. (TSX-V: ECR) ("Cartier" or the "Corporation") is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. (the "Agent") in connection with a "best efforts" private placement offering (the "Offering") of securities of Cartier for aggregate gross proceeds of up to $7,300,160, through a combination of: ...