Agnico-Eagle Mines Limited announces investment in ATAC Resources Ltd.

    Agnico-Eagle Mines Limited announces investment in ATAC Resources Ltd.

PR Newswire

TORONTO, March 19, 2013

(All amounts expressed in Canadian dollars unless otherwise noted)

Stock Symbol: AEM (NYSE, TSX) 

TORONTO, March 19, 2013 /PRNewswire/ - Agnico-Eagle Mines Limited ("Agnico")
(NYSE: AEM) (TSX: AEM) today announced that it had entered into an agreement
(the "Subscription Agreement") to subscribe for 9,600,000 units ("Units") of
ATAC Resources Ltd. ("ATC") in a private placement at a price of $1.35 per
Unit for a total consideration of $12,960,000. Each Unit is comprised of one
common share of ATC (a "Common Share") and one half of a common share purchase
warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant
entitles the holder to acquire one Common Share at a price of $2.10 for a
period of 18 months from the closing date, provided that, if the closing price
of the Common Shares on the TSX Venture Exchange exceeds $3.00 for a period of
ten consecutive trading days subsequent to the expiry of the applicable four
month hold period, ATC may give notice of an earlier expiry of the Warrants,
in which case the Warrants will expire 30 days from the date of such notice.
Closing of the private placement is expected to occur on or about March 22,
2013.

On closing of the private placement, Agnico will hold 9,600,000 Common  Shares 
and 4,800,000  Warrants,  representing 8.48%  of  the issued  and  outstanding 
Common Shares on  a non-diluted basis  and 12.21%  of the Common  Shares on  a 
partially diluted basis. The Subscription Agreement also provides Agnico  with 
a participation right pursuant to which, during the two-year period  following 
the closing of the acquisition of the Common Shares, and provided that  Agnico 
at the time owns  more than five  percent of the  then issued and  outstanding 
Common Shares (taking  into account convertible  securities owned by  Agnico), 
Agnico has the right to participate in certain subsequent equity offerings  by 
ATC on the same terms as the other participants in such offerings in order  to 
maintain its pro rata investment in the Issuer.

Agnico is acquiring  the Units  for investment purposes.  Depending on  market 
conditions, Agnico may, from time to time, acquire additional Common Shares or
other securities of  ATC or dispose  of some or  all of the  Common Shares  or 
Warrants.

An early warning report will be filed by Agnico in accordance with  applicable 
securities laws.  To  obtain a  copy  of  the early  warning  report,  please 
contact:

Investor Relations
Agnico-Eagle Mines Limited
145 King Street East, Suite 400
Toronto, Ontario, M5C 2Y7
Telephone:416-947-1212
Fax:416-367-4681

About Agnico-Eagle

Agnico-Eagle is a long established, Canadian headquartered, gold producer with
operations  located  in  Canada,  Finland  and  Mexico,  and  exploration  and 
development activities in Canada, Finland, Mexico and the United States.  The 
Company has full exposure to higher gold prices consistent with its policy  of 
no forward gold  sales. It has  declared a cash  dividend for 31  consecutive 
years. www.agnico-eagle.com

SOURCE Agnico-Eagle Mines Limited

Contact:

Investor Relations (416) 947-1212