An anonymous director reports

AGNICO EAGLE MINES LIMITED ANNOUNCES INVESTMENT IN PROBE MINES LIMITED

Agnico Eagle Mines Ltd. has entered into an agreement with Cormark Securities Inc. and Probe Mines Ltd. pursuant to which Agnico has agreed to purchase 7.5 million units of Probe from Cormark at a price of $1.50 per unit for total consideration of $11.25-million. Each unit is composed of one common share of Probe and three-quarters of one common share purchase warrant of Probe. Each warrant entitles the holder to acquire one common share at a price of $2.10 for a period of two years from the closing date. Closing of the transaction is expected to occur on or about May 28, 2013.

On closing of the transaction, Agnico will hold 7.5 million common shares and 5,625,000 warrants, representing 9.94 per cent of the issued and outstanding common shares on a non-diluted basis and 16.19 per cent of the issued and outstanding common shares assuming exercise of the warrants.

Under the agreement, Probe granted Agnico a participation right pursuant to which, during the two-year period from the closing date and provided that Agnico, at the time, continues to hold no less than 5 per cent of the then issued and outstanding common shares (taking into account convertible securities owned by Agnico), Agnico has the right to participate in certain future equity financings by Probe to maintain its pro rata investment in Probe.

Agnico is acquiring the units for investment purposes. Depending on market conditions, Agnico may, from time to time, acquire additional securities of Probe or dispose of some or all of the common shares or warrants.

An early warning report will be filed by Agnico in accordance with applicable securities laws.

We seek Safe Harbor.