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Agnico Eagle Mines Acquires 19.6 Million Units of Canada Nickel for $23.1 Million Investment.

Agnico Eagle Mines Limited (NYSE: AEM) andTSX: AIM) has announced that it has acquired 19,600,000 units (Units) of Canada Nickel Company Inc. (TSXV: CNC) at a price of $1.18 per Unit for total consideration of approximately $23,128,000. The Units were acquired in connection with an offering of flow-through Units by Canada Nickel, the “Share Purchases”. Each Unit was comprised of one common share of CanadaNickel and 0.35 of an individual common share purchase warrant. The warrants cover approximately 12% of the issued and outstanding Common Shares on a non-diluted basis and 15.6% on a partially diluted basis. Prior to the Share Purchases, Agnico Eagle did not own any Common Shares.

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