AGNICO EAGLE ANNOUNCES ADDITIONAL INVESTMENT IN CARTIER RESOURCES INC.

(All amounts expressed in Canadian dollars unless otherwise noted)

TORONTO, May 18, 2022 /CNW/ - Agnico Eagle Mines Limited (NYSE:AEM) (TSX:AEM.TO) ("Agnico Eagle") announced that it has agreed to subscribe for 14,000,000 units ("Units") of Cartier Resources Inc. (TSXV:ECR.VN) ("Cartier") in a non-brokered private placement at a price of $0.13 per Unit for total consideration of approximately $1,820,000. Each Unit is comprised of one common share of Cartier (a "Common Share") and one-half of one common share purchase warrant of Cartier (each full warrant, a "Warrant"). Each Warrant entitles the holder to acquire one Common Share at a price of $0.16 for a period of 36 months following the closing date of the private placement. Closing is expected to occur on or about May 20, 2022 and is subject to certain conditions.