Agnico-Eagle Mines will offer by secondary distribution through

Stock Exchange up to 350,000 common shares of Dumagami Mines. Agnico owns 29% of the outstanding common shares of Dumagami and through its 42% ownership of Mentor Exploration and Development indirectly holds a further 7% of Dumagami. The purpose of this sale is to raise additional funds for advance by Agnico to Dumagami for the latter’s development and preproduction expenditures at the Bousquet-Cadillac property in northwestern Quebec.