GOLD – Agnico Eagle Mines Ltd. Sept. 29 provided an update on its exploration activities at the newly renamed Amaruq Project (formerly the “IVR project”), located about 50 kilometers (31 miles) northwest of the Meadowbank gold mine in Nunavut. Recent highlights include the Whale Tail zone being extended to the southwest and a 60-meter, high-grade intercept at depth. The best intercepts to date on the property have been encountered since mid-August 2014. They include hole IVR14-103 with 6.1 grams per metric ton gold (capped) over 55.6 meters estimated true width at 278 meters depth including 13.5 g/t gold (capped) over 17.6 meters, and hole IVR14-116 with 5.2 g/t gold (capped) over 61.8 meters estimated true width at 81 meters depth including 16.3 g/t gold (capped) over 11.8 meters. Several new targets have been identified on the property. Drill-testing has begun on the Boulder Field target, which contains large blocks of quartz vein material (locally with visible gold) lying roughly three kilometers west of the Whale Tail zone. Drill-testing of other airborne geophysical survey anomalies has resulted in the discovery of another mineralized area (the “Mammoth” target), which is about four kilometers southwest of the Whale Tail zone. Another area of mineralized outcropping bedrock (the “Whale Fin” target) has been found one kilometer to the south of the Whale Tail zone. Exploration this summer has expanded the extent of the project well beyond the initial “I”, “V” and “R” gold-bearing mineralized zones discovered in 2013. Therefore, the company has renamed the whole project and property “Amaruq”, which includes distinct zones of mineralization such as “I”, “V”, “R”, and “Whale Tail”, with potential for additional zones to be discovered in the future along the greenstone belt. “Drilling at Amaruq continues to yield impressive results both along strike and at depth, with good potential for further expansion of the known mineralization,” said Sean Boyd, president and CEO of Agnico Eagle. “This project further enhances our northern strategy. Given the size and scope of the discovery, studies are currently underway to evaluate how Amaruq could be incorporated into the Meadowbank operational plan and possibly linked with the Meliadine project,” added Boyd. The 408-square-kilometer (157.5 square miles) Amaruq property is located within Inuit owned land, and a 100 percent interest was acquired in April 2013 subject to a mineral exploration agreement with Nunavut Tunngavik Inc. Since the drilling program began in July 2013, a total of 142 drill holes (28,962 meters) have been completed up to mid-September 2014. This includes 14 drill holes (2,332 meters) in 2013 and 128 drill holes (26,639 meters) so far in 2014. Agnico Eagle’s recent work has revealed the potential for multiple mineralized zones within a significant corridor. Based on the current information, all structures are open laterally along strike and at depth. The second-phase, 25,000-meter exploration drilling program at Amaruq commenced in July and is expected to continue into October as long as weather conditions allow. Results of all the drilling to date are expected to contribute to the estimation of an initial mineral resource for the Amaruq project by year’s end. The company estimates that it will spend about C$9 million on the Amaruq exploration program in 2014.

GOLD – Northquest Ltd. has reported results of the first batch of 2014 drilling assays from the Pistol Bay Gold Project in southeastern Nunavut. The 861 square-kilometer (332 square miles) project that covers a 90-kilometer- (56 miles) long strike of a gold-bearing trend known as the Pistol Bay Trend, which contains a west-trending series of gold occurrences and gold zones intersected in holes drilled by Northquest in 2011, 2012, and 2013. Results from holes PB-14-06 to PB-14-09 extended the Vickers Zone to a vertical depth of 300 meters on Section 8800 W and include the first drill hole on Section 8750 W. “Rather than complete infill drilling this year, every hole that was drilled was designed to explore for the limits of the Vickers Zone, and we are very pleased to report that the zone is still open down dip and along strike to the east,” said Northquest CEO Jon North. All four holes intersected gold; hole PB-14-07 encountered a 245-meter interval grading 1.40 grams per metric ton gold at 32 meters depth that included multiple intervals of which the best was a 10.05-meter length grading 6.26 g/t gold. Over the past four years, since field operations commenced in April 2011, Northquest has completed three airborne geophysical surveys and 13,660 meters of diamond drilling in 66 drill holes at Pistol Bay, of which 9,400 meters of drilling and 37 drill holes were completed at the Vickers Target. The results reported herein are from the Vickers Target. The company has completed 4,550 meters of drilling so far this year in 18 drill holes and additional drilling is planned. This year’s strategy and objectives are to complete drilling on Sections 8800 W, 8750 W, 8700 W, 8650 W, and 8600 W in order to explore the potential extension of the gold zone that has been intersected over a 200-meter strike length from 8800 W to 9000 W in holes drilled by Northquest in 2012 and 2013.