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Agnico Eagle and Kirkland Lake Gold Shareholders Approve Merger

Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) (" Agnico Eagle ") is pleased to announce that at a special meeting of shareholders held earlier today (the " Meeting "), Agnico Eagle shareholders voted overwhelmingly in favour of the resolution approving the issuance of Agnico Eagle common shares in connection with the proposed merger with Kirkland Lake Gold Ltd. (" Kirkland Lake Gold ") by way of a plan of arrangement under the Business Corporations Act ( Ontario ) (the " Merger ").

The resolution was approved by approximately 99.86% of the votes cast by Agnico Eagle shareholders at the Meeting, with a shareholder turnout of 69.62%. Detailed voting results for the resolution are as follows:

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Agnico Eagle and Kirkland Lake Gold Remind Shareholders to Vote "FOR" Their Proposed Merger

  • Deadline for Agnico shareholders to vote is 10:00 a.m. EST on November 24, 2021
  • Deadline for Kirkland shareholders to vote is 11:00 a.m. EST on November 24, 2021
  • Holders of Kirkland CHESS Depositary Interests must submit their voting instructions before 11:00 a.m. EST on November 23, 2021.

Agnico Eagle Mines Limited (TSX:AEM, NYSE:AEM) (" Agnico Eagle " or " Agnico ") and Kirkland Lake Gold Ltd. (TSX:KL, NYSE:KL, ASX:KLA) (" Kirkland Lake Gold " or " Kirkland ") would like to thank shareholders who have already voted " FOR " their previously announced merger of equals and remind other shareholders to vote " FOR " the transaction before their respective proxy cut-off deadlines.

The Meetings

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Kirkland Lake Gold Reports Favourable Recommendation from Glass Lewis for Merger of Equals with Agnico Eagle Mines Limited

  • Glass Lewis becomes second leading independent proxy advisory firm to recommend Kirkland Lake Gold shareholders vote in favour of proposed merger of equals with Agnico Eagle Mines Limited
  • Glass Lewis notes there is "adequate cause for investors to conclude the proposed arrangement is a strategically compelling merger of equals"
  • Shareholders are encouraged to vote well in advance of the proxy voting deadline of 11:00 am (EST) on November 24, 2021. Questions? Need help voting? Contact Kingsdale Advisors at 1.877.659.1824

Kirkland Lake Gold Ltd. (" Kirkland Lake Gold ", the " Company " or " KL ") (TSX:KL) (NYSE:KL) (ASX:KLA) today announced that Glass, Lewis & Co., LLC (" Glass Lewis ") has become the second leading independent proxy advisory firm to recommend that the Company's shareholders vote FOR the merger of equals (the " Merger ") with Agnico Eagle Mines Limited (" Agnico Eagle ") (TSX: AEM) (NYSE: AEM) by way of a plan of arrangement (the " Arrangement "). Glass Lewis' endorsement follows a favourable report from Institutional Shareholder Services Inc. (" ISS "), released last week, which also recommended that shareholders vote FOR the Merger with Agnico Eagle (see the Kirkland Lake Gold press release dated November 10, 2021, entitled, "Kirkland Lake Gold Reports Favourable Recommendation from ISS for Merger of Equals with Agnico Eagle Mines Limited").

On September 28, 2021, Kirkland Lake Gold and Agnico Eagle entered into a merger agreement pursuant to which Agnico Eagle will acquire all of the issued and outstanding common shares of Kirkland Lake Gold on the basis of 0.7935 of an Agnico Eagle common share for each Kirkland Lake Gold common share held. Upon completion of the Arrangement, existing Kirkland Lake Gold and Agnico Eagle shareholders are expected to own approximately 46% and 54% of the outstanding shares of the pro forma company, respectively.

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