Yamana Gold Declares Quarterly Dividend

Wed Aug 8, 2012 4:15pm EDT

* Reuters is not responsible for the content in this press release.

  TORONTO, ONTARIO, Aug 08 (MARKET WIRE) --
YAMANA GOLD INC. (TSX:YRI)(NYSE:AUY)(LSE:YAU) today announced its third
quarter 2012 dividend of $0.065 per share. Shareholders of record at the
close of business on Friday, September 28, 2012 will be entitled to
receive payment of this dividend on Friday, October 12, 2012. The
dividend is an "eligible dividend" for Canadian tax purposes.

    Yamana is committed to delivering value to shareholders, across all
measures including cash value by means of dividends.

    About Yamana 

    Yamana is a Canadian-based gold producer with significant gold
production, gold development stage properties, exploration properties,
and land positions in Brazil, Argentina, Chile, Mexico and Colombia.
Yamana plans to continue to build on this base through existing operating
mine expansions, throughput increases, development of new mines, the
advancement of its exploration properties and by targeting other gold
consolidation opportunities with a primary focus in the Americas.

    (All dollar amounts are expressed in United States dollars unless
otherwise specified)

Contacts:
Yamana Gold Inc.
Lisa Doddridge
Vice President, Corporate Communications and
Investor Relations
416-945-7362 or 1-888-809-0925
lisa.doddridge@yamana.com

Copyright 2012, Market Wire, All rights reserved.

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