Probe Mines

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Stock Symbol: AEM (NYSE and TSX)


TORONTO, Jan. 21, 2015 /PRNewswire/ - Agnico Eagle Mines Limited (NYSE: AEM, TSX: AEM) ("Agnico Eagle" or the "Company") announced today that it has entered
into an agreement (the "Purchase Agreement") to sell to Goldcorp Inc.
("Goldcorp") (i) 7,320,200 common shares (the "Purchased Shares") of
Probe Mines Limited ("Probe") for cash consideration of C$5.00 per
Purchased Share, and (ii) 2,347,951 common share purchase warrants of
Probe (the "Purchased Warrants") for cash consideration of C$2.90 per
Purchased Warrant. Each Purchased Warrant entitles the holder to
purchase one common share of Probe (each a "Share") at a price of
C$2.10 until May 28, 2015. The Purchased Shares represent approximately
8.1% of the issued and outstanding Shares on a non-diluted basis. The
Purchased Shares and the Purchased Warrants collectively represent
approximately 10.4% of the issued and outstanding Shares assuming
exercise of the Purchased Warrants.


Upon the closing of the transaction, which is expected to occur on or
about January 28, 2015, Agnico Eagle will hold (i) no Shares, and
(ii) 3,277,049 common share purchase warrants of Probe (the "Remaining
Warrants"), each exercisable on the same terms as the Purchased
Warrants. The Remaining Warrants represent approximately 3.5% of the
issued and outstanding Shares assuming exercise of the Remaining
Warrants.


Agnico Eagle disposed of the Purchased Shares and the Purchased Warrants
in the ordinary course of business as they were a non-core asset of
Agnico Eagle.


About Agnico Eagle


Agnico Eagle is a senior Canadian gold mining company that has produced
precious metals since 1957. Its nine mines are located in Canada,
Finland and Mexico, with exploration and development activities in each
of these regions as well as in the United States. The Company and its
shareholders have full exposure to gold prices due to its long-standing
policy of no forward gold sales. Agnico Eagle has declared a cash
dividend every year since 1983. Agnico Eagle's head office is located
at 145 King Street East, Suite 400, Toronto, Ontario, M5C 2Y7.


Forward-Looking Statements


The information in this news release has been prepared as of January 21,
2015. Certain statements contained in this news release constitute
"forward-looking statements" within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and "forward looking
information" under the provisions of Canadian provincial securities
laws and are referred to herein as "forward-looking statements". When
used in this document, words such as "expected", "will" and similar
expressions are intended to identify forward-looking statements or
information.


Such statements and information include, without limitation, statements
relating to the date of closing of the sale of the Purchased Shares and
the Purchased Warrants and Agnico Eagle's ownership of Shares and
Remaining Warrants following that date. The material factors and
assumptions used in the preparation of forward-looking statements
contained herein, which may prove to be incorrect include, but are not
limited to, that the purchase and sale of the Purchased Shares and the
Purchased Warrants will occur in accordance with and on the timing
currently contemplated by Agnico Eagle.


These forward-looking statements are subject to numerous risks,
uncertainties and assumptions, certain of which are beyond the control
of Agnico Eagle. The Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise except as required by
applicable securities laws.





SOURCE Agnico Eagle Mines Limited



For further information:



For further information regarding Agnico Eagle, contact Investor Relations at info@agnicoeagle.com or call (416) 947-1212.

To obtain a copy of the early warning report filed by Agnico Eagle with the Canadian securities regulatory authorities relating to the sale of the Purchased Shares and the Purchased Warrants, contact David Wong, Manager, Investor Relations at (416) 947-1212.