An anonymous director reports

AGNICO EAGLE UPDATES EARLY WARNING REPORT IN RESPECT OF PRISM RESOURCES INC.

Agnico Eagle Mines Ltd. has updated its early warning report in respect of Prism Resources Inc. in connection with Agnico Eagle entering into a royalty purchase agreement with Prism, pursuant to which Agnico Eagle has agreed to purchase Prism's right, title, and interest in and to a 7.5-per-cent net profit interest royalty over certain properties in the Porcupine mining district of Ontario owned by Agnico Eagle in exchange for $5-million in cash.

The transaction is subject to a number of customary closing conditions, including approval by Prism's shareholders and receipt of acceptance of the TSX Venture Exchange. Subject to satisfaction of the closing conditions, the transaction is expected to close in the third quarter of 2026.

Agnico Eagle is not acquiring any common shares or other securities in the capital of Prism in connection with the transaction. Immediately before and after the execution and delivery of the royalty purchase agreement, Agnico Eagle owned 5.75 million common shares, representing approximately 11.07 per cent of the issued and outstanding common shares on a non-diluted basis.

The transaction is expected to result in the sale or transfer of a material amount Prism's assets and may result in a material change in Prism's business. Depending on market conditions and other factors, Agnico Eagle may, from time to time, acquire additional common shares or other securities of Prism or dispose of some or all of the common shares or other securities of Prism that it owns at such time.

An early warning report will be filed by Agnico Eagle in accordance with applicable securities laws.

About Agnico Eagle Mines Ltd.

Canadian-based and led, Agnico Eagle is Canada's largest mining company and the second-largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. Agnico Eagle is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. 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.

We seek Safe Harbor.