As of April 30, 2009, a total of 8.6 million Agnico-Eagle common share purchase warrants will be listed and posted for trading on the Toronto Stock Exchange. The trading symbol will be AEM.WT.U with the CUSIP number 008474 14 0. The trading currency is US dollars.

These warrants were issued as part of the $290 million private placement which closed on December 3, 2008.

Each warrant entitles the holder thereof to purchase one common share at an exercise price of US$47.25 per share at any time prior to 4:30 p.m. (Toronto time) until December 2, 2013.

Registration of interests in and transfers of Warrants shall be made through the book-based system operated by CDS Clearing and Depository Services Inc. The Warrants will be evidenced by one or more Warrants certificate(s) for an amount representing the aggregate number of such Warrants outstanding from time to time. The Warrants will be governed by the terms of a warrant indenture dated April 4, 2009 between the Company and Computershare Trust Company of Canada, as warrant agent. The warrant indenture will provide for appropriate adjustments to the Warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization.