Agnico-Eagle Discovers New Gold Zones At Pinos Altos, Kittila, Lapa And Laronde / Bousquet

Stock Symbols: AEM (NYSE and TSX) For further information:
David Smith; Director, Investor Relations
(416) 947-1212

(All dollar amounts expressed in U.S. dollars unless otherwise noted and
all units of measurement expressed in metric unless otherwise noted)

AGNICO-EAGLE DISCOVERS NEW GOLD ZONES AT PINOS ALTOS, KITTILA, LAPA AND
LARONDE / BOUSQUET

Toronto (November 21, 2006) - Agnico-Eagle Mines Limited (TSX: AEM; NYSE:
AEM) is pleased to provide an update on its 2006 exploration activities.
Encouraging results have been received from several of the development
properties in Finland, Mexico and Quebec, including results from outside of
the currently contemplated mining areas.

It is anticipated that drilling at the current projects will enable
Agnico-Eagle to reach it?s 2008 target of 14 million to 15 million ounces of
gold reserves. However, several of the recent discoveries are outside of
the currently contemplated mining areas, supporting the thesis that gold
reserves could continue to grow beyond this range in the next several years
through further exploration. The entirety of Agnico-Eagle?s gold reserves
are located in mining friendly regions of low political risk and are close
to major infrastructure.

With four new gold projects under development, and another exploration
project in the feasibility study stage, Agnico-Eagle is aiming to triple its
gold production in the next three years.

Highlights of the recent exploration include:

. Infill drill holes at the Kittila project, Finland, encounter some of the
thickest and richest drill intersections to date, including 20.4 metres
grading 6.1 grams per tonne (?gpt?) of gold.
. Discovery of two new gold bearing zones north of the Kittila project site,
including an intersection of 9.3 metres grading 8.1 gpt of gold.
. Joint venture at Oijarvi (350 kilometres south of the Kittila project)
extends gold mineralization at depth, including 7.1 metres grading 8.4 gpt
gold and 70.2 gpt silver.
. Strong infill drilling results at the main Santo Nino zone at the Pinos
Altos project, Mexico, including 39.0 metres grading 6.3 gpt gold and 105.0
gpt silver.
. Encouraging early results at the Carola zone, northwest of the Santo Nino
zone, including a 45 metre long trench sample grading 3.5 gpt gold.
. Discovery of the favourable Santo Nino gold structure two kilometres west
of the current deposit outline suggests the potential for further
discoveries in this direction.
. High grade gold extension zone discovered to the west at Lapa, including
an intersection of 9.7 metres grading 14.0 gpt.
. Discovery of gold bearing massive sulphide mineralization at depth, below
the Bousquet 2 shaft, adjacent to the LaRonde mine in northwestern Quebec.

To view full press release in PDF format, please click link below:

http://www.renmarkfinancial.com/documents/en/releases/releases_3273.pdf

For a copy of the report filed by Agnico-Eagle, please contact Gregory
Laing, General Counsel, VP and Legal and Corporate Secretary at (416)
847-3708.

Renmark Financial Communications Inc.
John Boidman: jboidman@renmarkfinancial.com
Christina Lalli: clalli@renmarkfinancial.com
Tel: (514) 939-3989
Fax: (514) 939-3717
www.renmarkfinancial.com