AGNICO EAGLE ANNOUNCES INVESTMENT IN WALLBRIDGE MINING COMPANY LIMITED

Agnico Eagle Mines Limited has announced a significant minority investment in Wallbridge Mining Company Limited, entering into a subscription agreement to purchase 243,927,966 common shares at a price of C$0.092 per share. The total consideration for this private placement amounts to C$22,441,373. This transaction is subject to approval from the Toronto Stock Exchange and is expected to close on or around May 22, 2026. Upon completion, Agnico Eagle will hold approximately 19.62% of Wallbridge's common shares, significantly increasing its stake in the company.

Agnico Eagle Mines, a leading Canadian-based mining company and the second largest gold producer globally, has a history of strategic investments aimed at enhancing its portfolio of high-quality mining assets. Prior to this transaction, Agnico Eagle owned 115,358,013 common shares of Wallbridge, representing about 9.44% of the company on a non-diluted basis. The new investment will bolster Agnico Eagle's position in Wallbridge and reflects its commitment to acquiring interests in companies with promising geological potential.

Wallbridge Mining, headquartered in Lively, Ontario, is focused on the exploration and development of mineral properties in North America. The company has been recognized for its exploration efforts, particularly in the Sudbury region, which is known for its rich mineral deposits. The strategic rationale behind Agnico Eagle's investment lies in Wallbridge's potential to deliver high geological returns, aligning with Agnico's broader strategy of securing valuable assets in the mining sector.

The transaction also includes an investor rights agreement, which will grant Agnico Eagle certain rights contingent on maintaining specific ownership thresholds. These rights include the ability to participate in future equity financings, ensuring that Agnico Eagle can protect its investment from dilution. Additionally, the agreement provides Agnico Eagle with the option to nominate a representative to Wallbridge's board of directors, further solidifying its influence in the company's strategic direction.

This investment comes at a time when the mining sector is experiencing increased interest due to rising commodity prices and a growing demand for sustainable mining practices. As Agnico Eagle continues to expand its portfolio, this transaction may signal a trend of larger mining companies seeking to invest in smaller, high-potential exploration firms. The implications of this deal could foster further consolidation within the sector, as companies look to enhance their competitive positions through strategic partnerships and investments.