SUURIKUUSIKKO-KITTILA

Agnico-Eagle Mines Limited reports 2011 drill results from its various company projects.

Agnico-Eagle Mines announced the results of its 2010 exploratin program on the Kittila and Pinos Altos properties. At Kittila, deep mineralization at the Suuri and Roura zones has been extended northward, increasing the strike length by approximately 30% at 900m below surface, the Deposit remains open on strike and at depth. In Hole ROU-09-002 returned 4m true width grading 5.92g/t gold from 880.0 depth including 30.0m true width with 6.00g/t gold from 913.0m. At Pinos Altos, the Cubiro vein continues to yield quality gold intercepts. Mineralization now extends to 230m below surface. The best results to date are from drill hole CB-10-082 that intersected an estimated true thickness of 10.3m grading 4.26 g/t gold, and CB-10-079, which yielded 18.2m grading 3.47 g/t gold closely followed by 7.7m grading 2.36 g/t gold.

Conclusion of the Technical report: the Kittila deposit remains open for expansion, especially at depth and along strike to the north. For 2010, an €11.6-million, 80,600-m diamond-drill exploration program is recommended on the Suurikuusikko property to convert the current inferred resource into indicated resource and to extend the mineral resource envelope both at depth and along strike. The recommendations are: test the current inferred resource envelope that exists at depth down to 1,000 m below the Roura Zone with sufficient drill holes to convert it into indicated mineral resource; test the down-plunge extension to the north of the Roura Zone down to 1,000 m depth in the area immediately below the Rimpi Zone in order to define a new inferred resource; test the depth extension of the Kittila deposit immediately below the Suuri and Roura zones between 1,000 and 1,500 m depth, especially the down-plunge extension of the Suuri Zone to the north; test the Rimpi Zone at depth and along strike to the north.