Summary of the Task Force Meeting of September 20, 2023

The 20th meeting of the Wasamac Task Force took place on September 20, 2023, at the Club de l'Âge d'Or d'Évain. The objectives were to provide an update on the project's development, discuss the next steps in Wasamac exploration, share activities on other mining properties in the area, and review ongoing matters.

Several changes to the team were discussed, particularly in the communications and community relations team. The appointment of Mrs. Vicky Couillard as an advisor and the promotion of Mrs. Chantal Vallières to coordinator were announced.

The Wasamac project's development is ongoing, with a technical review underway to align it with Agnico Eagle standards. A revised timeline was presented. A decision regarding on-site processing or transporting ore to a local facility will be made by year-end.

Various ongoing and upcoming activities were presented, including signage installation on Agnico Eagle properties. Despite a slowdown in activities related to the environmental impact study, WSP continues field data collection, and additional geotechnical work is planned for the fall. Information related to Agnico Eagle's land properties was also discussed, including residential acquisition, the demolition of a deteriorated property on Rideau Blvd, and upcoming drainage work on a property on Rang des Cavaliers.

A meeting with the Première Nation Abitibiwinni was held to follow up on the project's development.

Exploration activities were presented, with a drill operating in Zone 3. The agreement guide with property owners underwent a graphical redesign, with adjusted amounts and two new compensations. New agreements for exploration drilling were also reached with neighboring property owners further east. Although work will not be transported to that area in the short term, temporary derogation requests to the Commission de protection du territoire agricole (CPTAQ) require advanced planning. Authorization requests for advanced exploration will be submitted soon, with work expected to begin in late spring 2024. These bulk sampling activities are anticipated to last about 3 years.

The meeting continued with updates on two ongoing projects:

• Work on the redevelopment of Lac-Hélène Park will begin this fall and continue into spring and summer 2024.
• Sediment sampling at the bottom of Lake Hélène revealed low permeability, indicating minimal expected impacts during exploitation.

A next Task Force meeting is scheduled for this fall.

To read the detailed meeting report: https://wasamac-eng.agnicoeagle.com/20630/widgets/83491/documents/120304