AGNICO EAGLE ANNOUNCES DISPOSITION OF DELTA AND HELM BAY PROJECTS AND INVESTMENT IN VIZSLA COPPER

Agnico Eagle Mines Limited announced that its wholly-owned subsidiary, Agnico Eagle (USA) Limited, has entered into a securities and asset purchase agreement with Vizsla Copper Corp. and its wholly-owned subsidiary, Vizsla Copper US Acquisitions LLC. Pursuant to the agreement, Agnico USA has agreed to sell all of the issued and outstanding membership interests of Delta Project LLC, which holds the Delta base and precious metal project, and the assets comprising the Helm Bay gold project. This transaction is in return for certain aggregate consideration and contingent milestone payments. The transaction is subject to certain closing conditions, including approval of the TSX Venture Exchange, and is expected to close in the fourth quarter of 2026.

Pursuant to the Purchase Agreement, Agnico Eagle will receive 22,523,283 common shares of Vizsla Copper, representing approximately 19.99% of the issued and outstanding common shares as at the date of the Purchase Agreement, to be issued to Agnico Eagle at closing. Additionally, 2,903,490 common shares will be issued to Agnico Eagle following receipt of disinterested shareholder approval, subject to certain conditions. Agnico Eagle will also receive 3,041,480 common share purchase warrants, each exercisable to acquire one common share at an exercise price of C$1.95 per common share for a period of two years from the date of issuance. Furthermore, Agnico Eagle will receive a 2.0% net smelter return royalty on Delta and a 3.0% net smelter return royalty on Helm Bay, to be granted to Agnico Eagle at closing pursuant to separate royalty agreements.

Vizsla Copper will have the right to purchase 50% of each of the NSRs at any time for C$5,000,000. The consideration shares will be issued at a deemed price of C$1.26 per common share for an aggregate value of approximately C$32,037,734. Vizsla Copper will also make the following contingent milestone payments to Agnico Eagle in respect of Delta: C$5,000,000, upon Vizsla Copper publicly disclosing a mineral resource estimate for Delta indicating an aggregate mineral resource of at least 300,000 copper equivalent tonnes of metal; C$5,000,000, upon completion by Vizsla Copper of a feasibility study for Delta; and C$10,000,000, upon Delta achieving commercial production.

Where a milestone payment is satisfied in common shares, the number of common shares issuable will be determined by reference to the 20-day volume-weighted average trading price of the common shares at the relevant time, subject to a floor price of C$1.26 per common share, being the maximum discount permitted under the policies of the TSXV. Any milestone payment that would result in Agnico Eagle having beneficial ownership of, or exercising control or direction over, 20% or more of the issued and outstanding common shares, or that cannot be satisfied in common shares because the required TSXV acceptance has not been obtained, will be satisfied in cash. On closing of the transaction, Agnico Eagle is expected to hold approximately 19.99% of the issued and outstanding common shares. Following closing, Vizsla Copper will seek disinterested shareholder approval to approve the issuance of the deferred consideration shares, which would result in Agnico Eagle holding approximately 22.0% of the issued and outstanding common shares.