Agnico Eagle sells Delta and Helm Bay projects, invests in Vizsla Copper

AGNICO EAGLE ANNOUNCES DISPOSITION OF DELTA AND HELM BAY PROJECTS AND INVESTMENT IN VIZSLA COPPER

PR Newswire

Stock Symbol: AEM (NYSE and TSX)

TORONTO , Sept. 8, 2026 /PRNewswire/ -- Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (" Agnico Eagle ") announced today that its wholly-owned subsidiary, Agnico Eagle (USA) Limited (" Agnico USA ") has entered into a securities and asset purchase agreement dated September 8, 2026 (the " Purchase Agreement ") with Vizsla Copper Corp. (TSX.V: VCU, OTCQB: VCUFF) (" Vizsla Copper ") and its wholly-owned subsidiary, Vizsla Copper US Acquisitions LLC, pursuant to which Agnico USA has agreed to sell: (a) all of the issued and outstanding membership interests of Delta Project LLC, a Delaware limited liability company that holds the mining claims comprising the Delta base and precious metal project (" Delta "); and (b) the assets comprising the Helm Bay gold project (" Helm Bay ") in return for certain aggregate consideration and contingent milestone payments as set out below (the " Transaction ").

The Transaction is subject to certain closing conditions, including approval of the TSX Venture Exchange (the " TSXV "), and is expected to close in the fourth quarter of 2026.

Pursuant to the Purchase Agreement, Agnico Eagle will receive the following aggregate consideration:

22,523,283 common shares of Vizsla Copper (each, a " Common Share ") representing approximately 19.99% of the issued and outstanding Common Shares as at the date of the Purchase Agreement, to be issued to Agnico Eagle at closing (the " Initial Consideration Shares ");

2,903,490 Common Shares (the " Deferred Consideration Shares " and, together with the Initial Consideration Shares, the " Consideration Shares "), to be issued to Agnico Eagle following receipt of disinterested shareholder approval, subject to certain conditions;

3,041,480 Common Share purchase warrants, each exercisable to acquire one Common Share at an exercise price of C$1.95 per Common Share for a period of two years from the date of issuance (each, a " Warrant "); and

a 2.0% net smelter return royalty on Delta and a 3.0% net smelter return royalty on Helm Bay (together, the " NSRs "), to be granted to Agnico Eagle at closing pursuant to separate royalty agreements. Vizsla Copper will have the right to purchase 50% of each of the NSRs at any time for C$5,000,000.

The Consideration Shares will be issued at a deemed price of C$1.26 per Common Share for an aggregate value of approximately C$32,037,734.

Vizsla Copper will also make the following contingent milestone payments to Agnico Eagle in respect of Delta (each of which may be satisfied, at Vizsla Copper's election, in cash or in Common Shares, subject to certain limitations set out in the Purchase Agreement):

C$5,000,000, upon Vizsla Copper publicly disclosing a mineral resource estimate for Delta indicating an aggregate mineral resource of at least 300,000 copper equivalent tonnes of metal;

C$5,000,000, upon completion by Vizsla Copper of a feasibility study for Delta; and