Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM)  announced today that it sold 47,944,981 ordinary shares of Royal Road Minerals Limited through the facilities of the Toronto Stock Exchange at a price of C$0.115 per Ordinary Share for total consideration of C$5,513,673.

Immediately prior to the Disposition, Agnico Eagle had beneficial ownership of, or control or direction over, 47,944,981 Ordinary Shares, representing approximately 18% of the issued and outstanding Ordinary Shares on a non-diluted basis. After giving effect to the Disposition, Agnico Eagle does not have beneficial ownership of, or control or direction over, any Ordinary Shares.

Agnico Eagle focuses on its high-quality internal growth projects and complements its pipeline of projects with a strategy of acquiring strategic positions in prospective opportunities with high geological potential. Agnico Eagle reviews its investments against its strategic priorities on a periodic basis and may, from time to time, divest certain holdings. Agnico Eagle completed the Disposition in order to monetize its investment in Royal Road and does not currently have any intention to acquire Ordinary Shares or other securities of Royal Road.

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:

Agnico Eagle Mines Limited
c/o Investor Relations
145 King Street East, Suite 400
Toronto, Ontario M5C 2Y7
Telephone: 416-947-1212
Email: investor.relations@agnicoeagle.com

Agnico Eagle is a senior gold mining company organized under the laws of the Province of Ontario and its head office is located at 145 King Street East, Suite 400, Toronto, Ontario M5C 2Y7. Royal Road’s head office is located at Ground Floor, Portman House, 32 Hue Street, St. Helier, Jersey  JE2 3RE.

About Agnico Eagle

Canadian-based and led, Agnico Eagle is Canada’s largest mining company and the second largest gold producer in the world. It produces precious metals from operations in Canada, Australia, Finland and Mexico and has a pipeline of high-quality exploration and development projects. 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.