Barry Landen Receives Jail Sentence and Fine Related to Illegal Insider Trading

News Release
Ontario Securities Commission 20 Queen St. W. Box 55, Suite 1900 Toronto, ON M5H 3S8	Commission des valeurs mobilières de l'Ontario	FOR IMMEDIATE RELEASE January 29, 2009

TORONTO - Justice Rebecca Shamai of the Ontario Court of Justice today sentenced Barry Landen in connection with insider trading contrary to subsections 76(1) and 122(1)(c) of the Securities Act.

Justice Shamai sentenced Mr. Landen to a 45-day jail term and ordered him to pay a fine of $200,000.

On October 24, 2008, Justice Shamai pronounced Mr. Landen guilty of insider trading in securities of Agnico-Eagle Mines Ltd. Justice Shamai found that Mr. Landen, who was a senior officer of Agnico-Eagle in October 2003, traded in securities while in possession of material undisclosed information, contrary to the Securities Act.

Appendix A to the Information respecting charges against Barry Landen is available on the OSC website at www.osc.gov.on.ca

For Media Inquiries:	Wendy Dey Director, Communications & Public Affairs 416-593-8120 Laurie Gillett Manager, Public Affairs 416-595-8913 Carolyn Shaw-Rimmington Assistant Manager, Public Affairs 416-593-2361
For Investor Inquiries:	OSC Contact Centre 416-593-8314 1-877-785-1555 (Toll Free)