An anonymous director reports

AGNICO EAGLE ANNOUNCES INVESTMENT IN WALLBRIDGE MINING COMPANY LIMITED

Agnico Eagle Mines Ltd. has entered into a subscription agreement with Wallbridge Mining Company Ltd., pursuant to which Agnico Eagle agreed to purchase 243,927,966 common shares of Wallbridge at a price of 9.2 cents per common share for total consideration of $22,441,373. The private placement is subject to certain closing conditions, including approval of the Toronto Stock Exchange, and is expected to close on or about May 22, 2026.

Prior to entering into the subscription agreement, Agnico Eagle owned 115,358,013 common shares and 6,275,897 common share purchase warrants, entitling Agnico Eagle to acquire one common share per warrant, representing approximately 9.44 per cent of the issued and outstanding common shares on a non-diluted basis and 9.90 per cent of the issued and outstanding common shares on a partially diluted basis (assuming the exercise of the warrants held by Agnico Eagle at such time). On closing of the private placement, Agnico Eagle is expected to own 359,285,979 common shares and 6,275,897 warrants, representing approximately 19.62 per cent of the issued and outstanding common shares on a non-diluted basis and 19.90 per cent of the common shares on a partially diluted basis (assuming exercise of the warrants held by Agnico Eagle at such time).

On closing of the private placement, Agnico Eagle and Wallbridge will enter into an investor rights agreement, pursuant to which Agnico Eagle will be entitled to certain rights, provided it maintains certain ownership thresholds in Wallbridge, including: (a) the right to participate in equity financings or top-up its holdings in relation to dilutive issuances in order to maintain its pro rata ownership in Wallbridge at the time of such financing or dilutive issuance; and (b) the right (which Agnico Eagle has no present intention of exercising) to nominate one person (and in the case of an increase in the size of the board of directors of Wallbridge to nine or more directors, two persons) to the board of directors of Wallbridge.

Agnico Eagle is acquiring the common shares as part of its strategy of acquiring strategic positions in prospective opportunities with high geological potential. Depending on market conditions, strategic priorities and other factors, Agnico Eagle may, from time to time, acquire additional common shares, warrants or other securities of Wallbridge, or dispose of some or all of the common shares, warrants or other securities of Wallbridge that it owns at such time.

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

About Agnico Eagle Mines Ltd.

Canadian-based and led, Agnico Eagle is Canada's largest mining company and the second-largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. Agnico Eagle is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.

We seek Safe Harbor.