Mr. Andrew Thomson reports

SOLTORO OBTAINS FINAL ORDER FOR ARRANGEMENT WITH AGNICO EAGLE MINES LIMITED

Soltoro Ltd. has obtained a final order from the Ontario Superior Court of Justice (Commercial List) approving its previously announced plan of arrangement with Agnico Eagle Mines Ltd., pursuant to which Agnico Eagle will acquire all of the issued and outstanding common shares of Soltoro, including common shares issuable on the exercise of outstanding options and warrants of Soltoro. Receipt of the final order follows Soltoro's special meeting of securityholders held on June 4, 2015, where the special resolution approving the arrangement was overwhelmingly approved by 99.95 per cent of the votes cast by Soltoro securityholders.

Under the arrangement, Soltoro shareholders will be entitled to receive, in respect of each Soltoro common share held at the effective time of the arrangement, 0.00793 of an Agnico Eagle common share, one cent in cash and one common share of a newly formed Ontario company named Palamina Corp., valued at two cents per share, to be spun off to Soltoro shareholders under the proposed arrangement. The arrangement remains subject to the satisfaction of standard closing conditions customary in a transaction of this nature. It is currently expected that, subject to receipt of all approvals, the transaction will close on or around June 9, 2015.

Full details of the arrangement and certain other matters are set out in the management information circular of Soltoro dated May 5, 2015. A copy of the information circular and other meeting materials can be found on Soltoro's website or on SEDAR.

We seek Safe Harbor.