Maritime-Cadillac

Location:

• The Maritime-Cadillac project is located midway between the cities of Rouyn-Noranda and Val-d’Or, in Abitibi, Quebec.

Property:

• The property consists of 7 claims covering a surface area of about 173.4 hectares, located along the prolific Cadillac Break.

Highlights:

• Contiguous to the south of the Lapa gold mine property (700,000 ounces of gold in proven and probable reserves, with 2.8 million tonnes at 7.4 g/t Au), in commercial production since May 2009 (Source: Agnico-Eagle Reserves and Resources Lapa Mine; published December 31, 2010).
• Several new gold-bearing structures discovered in drill hole since 2007 in ultramafic rocks of the Piché Group, namely the Dyke East zone where recent drilling confirmed the continuity and south plunge at depth and which remains open below 750 metres:
  • Dyke East Zone: 1.7 g/t Au over 46.4 metres including 21.1 g/t Au over 1.2 metres (drill hole 141-11-31);
  • Dyke East Zone: 1.7 g/t Au over 37.85 metres including 12.6 g/t Au over 1.5 metres (drill hole 141-10-23);
  • Dyke West Zone: 8.6 g/t Au over 5.5 metres including 13.8 g/t Au over 3.3 metres (drill hole 141-10-26); 1.85 g/t Au over 12.9 metres (drill hole 141-13-35).
  • Maritime Contact East Zone: 3.3 g/t Au over 14.7 metres including 6.1 g/t Au over 5.7 metres (drill hole 141-08-14B).
• New exploration drift located at 1,000 metres depth on the adjacent Lapa property runs southeast to the edge of the Maritime-Cadillac property.

Partnership:

• The Maritime-Cadillac project is currently a Joint Venture between Agnico Eagle (51%) and Midland (49%). Agnico-Eagle is now working to increase its interest in the project by solely financing all ongoing exploration expenditures on the project, earning 1% additional interest for every $1,000,000 in exploration expenditures, to a maximum of 15% additional interest.