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The Agnico‐Eagle Exploration Show and Tell

145 King Street East, Suite 400January 6th and 7th

Featuring core and geologists from key projects: Suuri‐Roura Deep (Kittila),

Tiriganiaq‐F Zone (Meliadine), Westwood (Ellison), D Zone (Goldex), Zone 5 (Bousquet),

Cubiro (Pinos Altos)

CORE IN THE CORNER OFFICE

Pinos Altos – Mexico

2011 Estimated production of 168,000oz Au at cash costs of $400/oz Mascota: 31,000oz Au at cash costs of $439/oz

2012-2015 Estimated average annual production of 175,000oz Au at cash

costs of $345/oz Underground to account for majority of production Mascota: 55,000oz Au at cash costs of $299/oz

Exploration Focus Potential to develop satellite deposits (Cubiro, Sinter, San Eligio) Focus on resource conversion, expansion of

Pinos Altos zones, Reyna de Plata, Creston Mascota

Gold reserves (m oz) 3.4

Average reserve grade (g/t) 2.5

Measured & Indicated resource (m oz) 0.5

Inferred resource (m oz) 0.7

Est. LOM (years) 18

Estimated average production (k oz/yr) 170

2011 exploration budget $2M

Exploration Success Adding to Growth Opportunities

Mexico

Cubiro & Colorada Areas

Cubiro Vein – Geology Map

View Looking north-northeast (+/- 1.0 g/Au t grade shell over 2m width)

Cubiro Vein – Mineralization 3D Model

Cubiro Vein LongsectionContoured Au Intercepts (Approx. >2m @ + 0.3 g Au/t)

View Looking Northeast

Looking NortheastDecember, 2010

Cubiro Vein – Mineralization 3D Model Longsection View

Drillhole CB-09-015 Assay Summary

Cross Section-16(Showing Loc. of CB-09-015)200 meter Grid View Looking northeast December, 2010

Cubiro Vein – Mineralization 3D ModelCross Section View

Kittila Mine

2011 Estimated production of 150,000oz Au at cash costs

of $548/oz Expansion study to be reviewed Q3 2011

2012-2015 Estimated average annual production of 173,000oz

Au at cash costs of $501/oz

Exploration Focus Resource conversion, expansion below Suuri and

Roura, and along strike

Optimization Phase Bearing Significant Results

Est. LOM (years) 22

Kittila Mine - Longitudinal Section

ROU-100292.68 g/t / 2.3 m

ROU-10-024B3.85 g/t Au / 10.1 m

ROU-10-0246.42 g/t Au / 4.9 m

ROU-10-0263.98 g/t Au / 17.2 m

ROU-10-026B7.25 g/t Au / 10.0 m6.46 g/t Au / 12.8 m

ROU-100291.76 g/t Au / 2.1 m

Kittila Mine

Tonnes, Mt Au, g/t Au, Moz.

Proven + Probable Proven + Probable Mineral Reserve*Mineral Reserve* 26.0 4.8 4.0

Indicated Mineral Indicated Mineral ResourceResource 20.5 2.2 1.4

Inferred Mineral Inferred Mineral ResourceResource 5.2 3.4 0.6

* Reserve and Resource calculation as of December 31, 2009

Kittila Mine – Underground Operation

Kittila – Geology Map

Kittila - Cross Section 37870 mN

North Roura Zone

Central Roura Zone

ROU-10-026B7.25 g/t Au / 10.0 m6.46 g/t Au / 12.8 m

Increasing Gold Output in 2012

LaRonde – Canada

2011 Estimated production of 157,000oz Au at cash costs of

$54/oz

2012-2015 Estimated average annual production of 290,000oz Au

at cash costs of $381/oz

Exploration Focus Additional potential at depth, to the East and to the

West Tracing and potentially defining a gold resource at

Ellison (appr. 2km west of LaRonde)

Est. LOM (years) 13

Abitibi Regional Map

Ellison-Bousquet- LaRonde – Exploration Targets 2011

Building from Strength

Aerial Photo Looking West

LaRonde Puits 2

Laronde PENNA

LaRonde Puits 1

Bousquet 2Bousquet 1

DoyonMouska

Doyon-Bousquet-LaRonde Mining Camp

Bousquet Zone 5 - Surface View

Bousquet 1 shaft

Zone 5

Zone 3 (mined)

2500meters

Zone 4Bousquet 2

Bousquet Zone 5 Longsection - 2011 Program

Mineral inventory (0- 500 metres)20.1 Mt @ 1.90 g/t =>1.2 M ounces (Zone 5 only)9.1 Mt @ 1.70 g/t =>0.5 M ounces (Other parallel zones incl. Zone 4)

Re-sampling program±1500 samples (assays pending)

Drilling Program 2011 (0-500m)20 000m – 2 000 000 $

Drilling 2010 (started Nov 30th 2010)2 082 m

S10-022.0 g/t Au over 49.7m (42 tw)Incl. Zone 4 @ 2.9 g/t over 4.5m (3.8 tw)And Zone 5 @ 2.2 g/t over 39.4m (33.5 tw)

S10-01

S10-03

S10-04

S10-05

S10-06

S10-07 In progress

In progress

0EHistorical Pit Production (80’s) by Long Lac Mineral1.9 M tonnes @ 2.20 g/t Au => 124 000 ounces

Surface

S10-01Assays pending

Approx. Open Pit

S10-04Logging in progress

S10-02S10-022.0 g/t Au over 49.7m (42 tw)Incl. Zone 4 @ 2.9 g/t over 4.5m (3.8 tw)and Zone 5 @ 2.2 g/t over 39.4m (33.5 tw)

S10-03Assays pending

Cross Section 6900E

Surface

Bousquet Zone 5

Puits PennaPuits IPuits Bousquet IIPuits Bousquet I Puits II

1.8 / 4.1

3.0 / 14.3

3.8 / 5.4

In progress

In progress5 500m

863 500$

2 800m532 000$

4 250m484 500$

TOTAL BUDGET 201112 550m

TOTAL : 2 157 773 $2010 Results2011 Targets

LaRonde Exploration Targets – Budget 2011

Abitibi Regional Map

Ellison Project - Longitudinale Section

Ellison Project - Longitudinal Section

Ellison Project

Drill Site

Camping Resort

Goldex – Canada

$349/oz

Exploration Focus Resource definition and expansion at D zone at depth,

exploration to west, east and at depth

Average reserve grade (g/t) 2.1Measured & Indicated resource (m oz) 0.0

Est. LOM (years) 7Estimated average production (k oz/yr) 168

Strong Free Cash Flow Generator

Goldex - 2011 Exploration Budget

R-Zone9 000m / 1M$

38 level

View Looking North

D-Zone27 300m / 2.8M$(spacing 60x60m)

D-Zone13 200m / 1.3M$(spacing 90x90m)

1900 elev.

38 Level

73 Level

84 Level

105 Level

125 Level

East ofGEZ

8 500 m / 0.9M$

Total 2011

58,200m / 6M$

E-Zone

M-Zone

S-Zone

Goldex

73-4062.07 g/t Au / 105.0 m

76-0031.27 g/t Au / 60.0 m

73-4031.23 g/t Au / 151.5 mincl. 3.30 g/t Au / 31.5 m

76-0081.88 g/t Au / 181.5 mIncl. 2.04 g/t Au / 165.0 m

73-4021.34 g/t Au / 96.0 mincl. 2.28 g/t Au / 51.0 m

76-0070.92 g/t Au / 159.0 mincl. 2.13 g/t Au / 16.5 mincl. 2.21 g/t Au / 19.5 m

76-0061.69 g/t Au / 216.0 mincl.2.04 g/t Au / 70.5 mincl. 2.06 g/t Au / 90.0 m

84-0501.51 g/t Au / 121.5 mincl. 2.10 g/t Au / 30.0 mincl. 2.68 g/t Au / 12.0 mincl. 2.16 g/t Au / 27.0 m

Goldex - Cross Section 6190E

Section 6040

Meliadine Project, Rankin Inlet, Nunavut

Tonnes Grade (g/t) Contained gold ounces

Measured Resource 0.3 million 10.6 101,000 oz Au*

Indicated Resource 13 million 7.9 3,191,000 oz Au*

Inferred Resource 8 million 6.4 1,731,000 oz Au*

* As per Jan 12, 2010 technical report by Snowden Mineral Industry Consultants

$129M – Three year exploration & development program underway

Meliadine – Regional Geology Plan Map

Meliadine – Tiriganiaq Schematic Cross Section

Western Meliadine Property - Local Geology

Meliadine - 2010 Drilling

Meliadine Project Total Magnetic FieldSurface rock samples with assay results > 10g/t Au

Surface rock sample locations

Meliadine Project - Tiriganiaq Longitudinal Section

M10-94010.94 g/t Au / 7.0 m

M10-10018.62 g/t Au / 19.3 mincl.15.01 g/t Au / 8.2 m

Meliadine - 2010 Drilling

Meadowbank – Canada

$597/oz

Exploration Focus Focus on resource conversion and expansion of Vault,

Goose South and Portage

Est. LOM (years) 10

Newest Mine - Largest Gold Producer Already

Meadowbank Regional Geology Map

Program Metres 2011 Budget (‘000’s)Minesite Exploration 19,000 $7,373Regional Exploration 13,000 $4,029Total 32,000 $11,402

Portage

Goose Island

Goose South

Meadowbank Exploration Budget 2011

Vault – Resource Conversion

Goose South Extension

Far West Iron Formation

Tern Lake Porphyry

Vault Pit

Vault South

Vault East

Exploration

MinesiteProgram Metres 2011 Budget

(‘000’s)Conversion 10,500 $3,814Exploration 8,500 $3,559Total 19,000 $7,373

Vault Cross Section 4675N

Goose South Cross Section 4300N

Meadowbank – Aerial View

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