An anonymous director reports

AGNICO EAGLE ANNOUNCES INVESTMENT IN RADISSON MINING RESOURCES INC.

Agnico Eagle Mines Ltd. has entered into a subscription agreement dated Aug. 24, 2026, with Radisson Mining Resources Inc., pursuant to which Agnico Eagle agreed to acquire, in a non-brokered private placement, 53.42 million units of Radisson at a price of $1.07 per unit for total consideration of $57,159,400. Each unit comprises one Class A common share of Radisson and one-half of one common share purchase warrant of Radisson. Each warrant entitles the holder to acquire one common share at a price of $1.39 for a period of 60 months following the closing date of the private placement, subject to acceleration in certain circumstances.

The private placement is subject to certain closing conditions, including approval of the TSX Venture Exchange, and is expected to close on or about Sept. 2, 2026.

Prior to entering into the subscription agreement, Agnico Eagle did not own any common shares or warrants. On closing of the private placement, Agnico Eagle is expected to own 53.42 million common shares and 26.71 million warrants, representing approximately 10.45 per cent of the issued and outstanding common shares on a non-diluted basis and approximately 14.90 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 Radisson 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 Radisson, including: (a) 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 Radisson to eight or more directors, two persons) to the board of directors of Radisson; and (b) the right to participate in certain equity offerings in order to maintain or acquire up to the greater of Agnico Eagle's then-current ownership interest and an ownership interest of 14.9 per cent (on a partially diluted basis) in Radisson, and a separate top-up right in respect of certain dilutive issuances permitting Agnico Eagle to maintain its then-current ownership interest (on a partially diluted basis) in Radisson. In addition, the investor rights agreement will provide for certain restrictions, from closing of the private placement through to Dec. 31, 2028, on specified transactions involving Radisson's mineral properties, including dispositions and certain royalty, stream, offtake and secured financing transactions, and thereafter a 60-day advance notice right in respect of such transactions for so long as Agnico Eagle maintains certain ownership thresholds in Radisson.

Agnico Eagle is acquiring the common shares and warrants 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 Radisson or dispose of some or all of the common shares, warrants or other securities of Radisson that it owns at such time.

An early warning report will be filed by Agnico Eagle in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact: investor relations, Agnico Eagle Mines, 145 King St. E, Suite 400, Toronto, Ont., M5C 2Y7 (telephone: 416-947-1212, e-mail: investor.relations@agnicoeagle.com).

Agnico Eagle's head office is located at 145 King St. E, Suite 400, Toronto, Ont., M5C 2Y7. Radisson's head office is located at 50 rue du Petit-Canada, Rouyn-Noranda, Que., J0Y 1C0.

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.

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