Stock Symbols: AEM (NYSE and TSX)

TORONTO, Sept. 26 /PRNewswire-FirstCall/ - Agnico-Eagle Mines Limited announces today that it has purchased an additional 2,340,500 units of Continuum Resources Ltd. ("CNU: TSX-V") ("Continuum") for $585,125. Each unit consists of one common share and one-half of one share purchase warrant. With this purchase, Agnico now holds 6,605,500 common shares and 4,810,250 warrants of Continuum. Each newly purchased share purchase warrant entitles the holder to purchase one additional common share of Continuum at a price of C$0.25 per warrant if exercised within the next year.

Agnico now owns 15.28% of the outstanding common shares of Continuum, on a partially diluted basis. These shares were purchased for investment purposes.

About Agnico-Eagle

Agnico-Eagle is a long established Canadian gold producer with operations located in Quebec and exploration and development activities in Canada, Finland, Mexico and the United States. Agnico-Eagle's LaRonde Mine is Canada's largest gold deposit in terms of reserves. The Company has full exposure to higher gold prices consistent with its policy of no forward gold sales. It has paid a cash dividend for 26 consecutive years.

SOURCE  Agnico-Eagle Mines Limited
    -0-              09/26/2006
    /CONTACT: David Smith, Director, Investor Relations, (416) 947-1212/
    (AEM. AEM)

CO:  Agnico-Eagle Mines Limited
ST:  Ontario
IN:  MNG
SU:  TNM

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8218 09/26/2006 12:06 EDT http://www.prnewswire.com