#Canada #Toronto #Agnico Eagle #O3 Mining #Cash Offer

Reminder for O3 Mining Shareholders

In a recent communication dated January 15, 2025, Agnico Eagle Mines Limited and O3 Mining Inc. provided an urgent reminder to shareholders concerning an attractive cash offer that is soon to expire. The offer equates to $1.67 per common share and represents an impressive 58% premium over O3 Mining's closing share price as of December 11, 2024. It is crucial for O3 Mining shareholders to act swiftly in tendering their shares before the offer's expiration date on January 23, 2025, at 11:59 PM EST.

Offer Details

Agnico Eagle is in pursuit of acquiring all outstanding shares of O3 Mining through a friendly takeover bid, with the total valuation reaching approximately $204 million on a fully diluted basis. The proposal showcases Agnico’s commitment to investing in high-potential mining enterprises and provides O3 shareholders an opportunity to realize substantial immediate value. Notably, 39% of O3 Mining's issued and outstanding shares are already committed to tendering through lock-up agreements signed by the company's directors, officers, and several of its largest shareholders.

Why Tender Your Shares?

1. Substantial Premium: Agnico’s offer is not only higher than previous share valuations but solidly positions O3 Mining shareholders for significant returns.
2. Support from the O3 Board: The board of directors of O3 Mining has unanimously recommended that shareholders should tender their shares to the offer, emphasizing its advantageous nature for shareholders.
3. Ease of Process: Detailed instructions are available to facilitate shareholders in the tendering process, ensuring a smooth transition.

How to Tender Your Shares

Beneficial Shareholders

Most shareholders fall under this category, meaning your shares are held in a custodial account through a broker or bank. To tender your shares, you should:

• - Contact your broker or bank immediately and direct them to tender your common shares to Agnico's offer.

Registered Shareholders

If you hold your shares directly, such as through a physical certificate or direct registration system, follow these steps:

• - Reach out to the Laurel Hill Advisory Group by calling 1-877-452-7184 or via email at [email protected] for assistance in tendering.

To clarify, if you have already tendered your shares, no additional action is necessary on your part. This reminder serves as an encouragement for shareholders who have not acted yet.

Contact for Questions

For any queries or assistance while tendering shares, shareholders can contact the Laurel Hill Advisory Group. The group stands ready to provide support to ensure that none miss out on this lucrative offer. For additional details about the cash offer, visit the Agnico Eagle webpage dedicated to this initiative.

About O3 Mining Inc.

O3 Mining focuses on gold exploration and development in Québec, Canada, strategically situated near Agnico Eagle's Canadian Malartic mine. The company boasts full ownership of its properties covering an expansive area of 128,680 hectares. Notably, its flagship project, the Marban Alliance, is on the brink of entering a new development phase, promising long-term value creation for its stakeholders.

About Agnico Eagle Mines Limited

As one of the foremost gold producers globally, Agnico Eagle has long been recognized for its operational excellence and commitment to sustainable practices. Founded in 1957, the company has a robust history of delivering shareholder value, emphasizing environmental, social, and governance (ESG) standards throughout its operations across Canada, Australia, Finland, and Mexico.