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Agnico Eagle Mines Ltd.

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Summary

Project:

El Barqueno

Deposit:Pena De Oro
Location:Mexico
Commodities:Gold-Silver
Date:10/27/2016
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:27-10-2016: Agnico Eagle Mines Ltd. announces an Exploration/Drilling Update report for its Pena De Oro deposit at the El Barqueno project. Drilling results incl. 13.7m @ 5.8g/t Au, 5.1g/t Ag from 25.0m. Agnico Eagle has a 100% interest in the El Barqueno
Resources:(Resource, Inf.): 19.7Mt @ 0.96g/t Au, 5.78g/t Ag for 608Koz Au, 3.7Moz Ag contained
CP/QP:[Overall Report]: Alain Blackburn, Guy Gosselin (Internal)
ABSTRACT:Agnico Eagle has a 100% interest in the El Barqueno project. The 32,840-hectare property is in the Guachinango gold-silver mining district, Jalisco State, Mexico, approximately 150 kilometres west of the state capital of Guadalajara. As of December 31, 2015, the El Barqueno project has an inferred mineral resource of 19.7 million tonnes grading 0.96 g/t gold and 5.78 g/t silver (containing 608,000 ounces of gold and 3.7 million ounces of silver) at the Azteca-Zapoteca, Angostura and Pena de Oro zones. The Company last reported on this project in a news release dated July 27, 2016. This news release summarizes the results of exploration programs completed on the project to the end of September 2016. From July through September 2016, 64 holes (17,443 metres) were drilled using six drill rigs in order to test several mineralized structures and prospects (Olmeca, Pena Blanca, Pena de Oro, San Diego and Angostura areas). This brings the year-to-date total drilling to 278 holes (62,428 metres) on this project. Gold and silver grades of recent intercepts from the Pena de Oro Zone and the recently discovered Olmeca and Pena Blanca prospects are set out in the tables below; drill hole collar coordinates are set out in a table in the Appendix of this news release. The drill hole collars are located on the El Barqueno Project Local Geology Map. All intercepts reported for the El Barqueno project show uncapped gold and silver grades (except for capped gold grades for the Olmeca prospect) over estimated true widths, based on a preliminary geological interpretation that will be updated as new information becomes available with further drilling.

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