-FROM MINE TO MINT: ROYAL CANADIAN MINT INTRODUCES ITS FIRST FULLY SEGREGATED SINGLE-MINE GOLD BULLION COIN

The new 1 oz coin. of 99.99% pure gold comes entirely from Agnico Eagle's Meliadine mine in Canada's Nunavut Territory.

OTTAWA, ON, Oct. 19, 2022 /PRNewswire/ -- In response to growing market demand for greater transparency into the provenance of precious metals, and to showcase its ever-evolving refinability, the Mint unveils its first gold bullion coin sourced entirely from a single mine. The $50, 1-Ounce Gold Bullion Coin, 99.99% pure, is comprised entirely of gold mined by Agnico Eagle at its Meliadine mine in Nunavut, Canada, and refined by the Mint, according to a rigorous segregation protocol. This special gold bullion coin will soon be available through the Mint's network of official bullion dealers.

"Precious metals investors have long trusted the Royal Canadian Mint for the purity and security of its market-leading bullion. As an LBMA-accredited refiner, they can also count on us to responsibly source the gold and silver they we refine," said Marie Lemay, president and CEO of the Royal Canadian Mint. "By launching a new gold bullion coin sourced 100% from Agnico Eagle's Meliadine mine, we are demonstrating to the market that we can offer bullion with the highest possible integrity, guaranteeing that it comes from a single Canadian mine."

"Agnico Eagle is proud to be a partner of choice as a trusted source of responsibly produced gold for the Royal Canadian Mint's first single-source gold bullion coin," said Ammar Al-Joundi, President and CEO. of Agnico Eagle Mines. "We have created a strong culture of responsible behavior and have been responsibly developing Canada's mineral resources in Nunavut for more than 13 years. We strive to be a good employer and a good neighbor and are proud of the value we bring to local communities and the society in general. We believe that mining, when done well, can contribute to building a better world."

The reverse of the Mint's first single source pure gold coin features Walter Ott's detailed engraving of a maple leaf, the hallmark of the Mint family of bullion coins. This central design is also surrounded by a set of precisely machined radial lines. Underneath is a micro-engraved maple leaf security mark containing the number "22" engraved, visible only with a magnifying glass, to indicate the coin's year of issue. Next to the security mark is the symbol of a hand holding a globe, symbolizing the origin of the coin's 99.99% pure gold. The coin is also protected by Bullion DNATM technology.

This rare gold bullion coin comes in credit card-like packaging that includes a certificate of purity and authenticity signed by the Mint's Chief Assayer.

Since its founding in 1957, Canada-based Agnico Eagle has become the largest Canadian gold miner, as well as the world's third largest gold producer overall. Its Meliadine mine, which began commercial production in 2019, is the company's second gold mine in the Kivalliq district of Nunavut.

Images of this new coin, and of the Meliadine mine are available here.

With the exception of a limited supply at its Ottawa and Winnipeg stores, the Mint does not sell bullion directly to the public. This practice is consistent with the distribution model common to the world's major bullion coin issuers. Interested buyers are advised to contact a reputable bullion dealer to order new bullion coins.

About the Royal Canadian Mint

The Royal Canadian Mint is the Crown corporation responsible for the minting and distribution of Canada's circulating coins. The Mint is recognized as one of the world's largest and most versatile mints, offering a wide range of high-quality, specialized minting products and related services on an international scale. For more information about the Mint, its products and services, visit www.mint.ca. Follow Mint on Twitter, Facebook and Instagram.

About Agnico Eagle

Agnico Eagle is a premier Canadian gold mining company, producing precious metals from operations in Canada, Australia, Finland and Mexico. It has a portfolio of high-quality exploration and development projects in these countries, as well as in the United States and Colombia. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading environmental, social and governance practices. The company was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.

Alex Reeves, Director of Public Affairs, Tel: (613) 884-6370, reeves@mint.ca; Natalie Frackleton, Director of External Communications, Agnico Eagle Mines Limited, Tel: (819) 759-3700, 4102905, natalie.frackleton@agnicoeagle.com

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