OREANDA-NEWS. Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) ("Agnico Eagle" or the "Company") is pleased to provide an update on exploration drilling results at its El Barqueno gold project in Jalisco State, west-central Mexico, and an update on exploration activities at the Creston Mascota deposit at Pinos Altos ("Creston Mascota") and the La India mine in northern Mexico.

The Company last reported drill results from El Barqueno in its news release dated June 9, 2015.  This news release summarizes the results of the exploration and technical studies at the project to the end of August 2015.

At Creston Mascota and the La India mine, ongoing infill drilling and the refinement of geological and metallurgical models are expected to result in an expansion of the mineral reserves and mineral resources at both open pit operations.

Summer Drill Program Expands Known Deposits at El Barqueno

Agnico Eagle has a 100% interest in the El Barqueno project.  The 32,840-hectare property is in the Guachinango gold-silver mining district, Jalisco State, Mexico, approximately 150 kilometres west of the state capital of Guadalajara. It consists of three blocks of land: the original El Barqueno package (El Barqueno I, II and III) acquired from Cayden Resources in November 2014, and two adjacent blocks acquired from Soltoro Limited in June 2015 (El Rayo and El Tecolote). Three additional non-contiguous blocks of property totaling 37,195 hectares were also acquired through the Soltoro acquisition - La Tortuga, Quila and San Pedro.  These blocks are located between 10 and 80 kilometres to the south of the El Barqueno project.

The El Barqueno project contains a number of known mineralized zones and several prospects that require further evaluation.  There are currently 10 drill rigs operating on the project.  From January 2015 to the end of August 2015, 148 holes (35,646 metres) were drilled to define the limits of the Azteca-Zapoteca, Angostura and Pe?a de Oro prospects, and to explore for additional mineralized structures and extensions. Drilling has begun to test the Zapote-Mixteca prospect, which has been shown to be gold-bearing by recent rock sample and trench results.

Approximately 32,000 metres of additional drilling is expected to be completed by the end of 2015, principally at the Azteca-Zapoteca, Angostura, Pe?a de Oro and Zapote-Mixteca prospects.  Exploration expenditures at El Barqueno in 2015 are currently expected to total approximately \\$22 million.

Gold, silver and copper grades of recent intercepts from the Azteca-Zapoteca, Angostura and Pe?a de Oro prospects are set out in the table below and the drill collars are located in the accompanying table as well as on the local project geology maps.  All intercepts reported for the El Barqueno project show uncapped grades over estimated true widths, based on a preliminary geological interpretation that will be updated as new information becomes available with further drilling.