AGNICO EAGLE ANNOUNCES AGREEMENT WITH GOLDSKY RESOURCES CORP. RELATING TO THE BARSELE PROJECT

Stock Symbol:                                                     AEM (NYSE and TSX)

TORONTO, Jan. 28, 2026 /CNW/ - Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) ("Agnico Eagle") announced today that Agnico Sweden AB ("Agnico Sweden"), a wholly-owned subsidiary of Agnico Eagle, and Goldsky Resources Corp. ("Goldsky") have entered into a share purchase agreement (the "Agreement"), pursuant to which Goldsky agreed to purchase the 55% of Gunnarn Mining AB that it did not already own from Agnico Sweden in exchange for cash consideration of US$20,000,000, the issuance of 75,509,577 common shares ("Common Shares") of Goldsky, and the grant of a 2% net smelter return royalty to Agnico Sweden on the Barsele project (the "Transaction"). The Common Shares to be issued by Goldsky were ascribed a value of C$2.64 per Common Share, being the volume-weighted average price of the Common Shares for the 20-day period prior to entering into the Agreement. Closing of the Transaction is expected to occur on or prior to June 30, 2026 and is subject to certain closing conditions, including approval of the TSX Venture Exchange and the shareholders of Goldsky.