Agnico-Eagle Mines Limited - Expiry of warrants

    Stock Symbol: AEM (NYSE and TSX)

    TORONTO, Aug. 16 /CNW/ - Agnico-Eagle Mines Limited ("Agnico-Eagle")
announced today that its outstanding share purchase warrants will expire at
5:00 p.m. (Toronto time) on November 14, 2007. At such time, all unexercised
warrants will become void and of no effect and holders will have no further
rights under such warrants. The share purchase warrants were issued pursuant
to a warrant indenture dated November 14, 2002 with Computershare Trust
Company of Canada. Each share purchase warrant entitles the holder thereof to
purchase one common share of Agnico-Eagle for US$19.00.

    About Agnico-Eagle

    Agnico-Eagle is a long established Canadian gold producer with operations
located in Quebec and exploration and development activities in Canada,
Finland, Mexico and the United States. Agnico-Eagle's LaRonde Mine is Canada's
largest gold deposit in terms of reserves. The Company has full exposure to
higher gold prices consistent with its policy of no forward gold sales. It has
paid a cash dividend for 25 consecutive years.

For further information:

For further information: David Smith, VP, Investor Relations, (416)

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