Agnico-Eagle Completes Purchase Of Surface Rights

TORONTO - Agnico-Eagle Mines Limited reported that it has agreed to issue 900,000 common shares at a price of US$38.00 per share to fund the previously announced purchase of surface rights and advance royalty payments in connection with the development of the Pinos Altos property in Chihuahua State, Mexico. The issuance is scheduled to close in December 2008 and is subject to certain conditions, including the execution of definitive documentation and normal regulatory approvals, including the approval of the Toronto Stock Exchange.
The issuance will be made under a prospectus supplement to the Company's existing shelf prospectus dated December 14, 2006 filed in Canada and under the multijurisdictional disclosure system in the United States. The Company has not engaged the services of any underwriter, broker or dealer in connection with the offering.
The Company has filed a base shelf prospectus with the Canadian Securities Administrators and a registration statement (including a prospectus) with the U.S. Securities and Exchange Commission (the "SEC") (SEC File No. 333-138921) for the offering to which this communication relates and will file a prospectus supplement containing additional information about the offering.