Agnico Eagle and O3 Mining Announce Subsequent Acquisition Transaction and Completion of Offer

(All amounts expressed in Canadian dollars unless otherwise noted)

TORONTO, Feb. 4, 2025 /CNW/ - Agnico Eagle Mines Limited (NYSE:AEM) (TSX:AEM.TO) ("Agnico Eagle") and O3 Mining Inc. (TSXV:OIII.VN) (OTCQX:OIIIF) ("O3 Mining") are pleased to jointly announce the expiry of Agnico Eagle's board-supported take-over bid (the "Offer") for all of the outstanding common shares of O3 Mining (the "Common Shares") for $1.67 in cash per Common Share. Agnico Eagle has taken-up and acquired an aggregate of 114,785,237 Common Shares that were tendered to the Offer, representing approximately 95.6% of the issued and outstanding Common Shares on a basic basis. As a result, as of the date hereof, Agnico Eagle beneficially owns, and exercises control and direction over, an aggregate of 115,842,990 Common Shares, representing approximately 96.5% of the issued and outstanding Common Shares on a basic basis. This includes the additional 4,360,806 Common Shares (the "Deposited Shares") tendered to the Offer during the mandatory 10-day extension period that expired at 11:59 p.m. (EST) on February 3, 2025. The aggregate consideration payable for the Deposited Shares is $7,282,546. Agnico Eagle will pay for the Deposited Shares by February 6, 2025.