Yamana Reports Securityholdings of Trident Gold Resulting From a Qualifying Transaction

Fri Feb 15, 2013 8:01pm EST

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

  TORONTO, ONTARIO, Feb 15 (MARKET WIRE) --
YAMANA GOLD INC. (TSX:YRI)(NYSE:AUY)(LSE:YAU) ("Yamana" or "the Company")
reports that in connection with the completion of the qualifying
transaction ("Qualifying Transaction") of Trident Gold Corp. ("Trident"),
formerly Andor Mining Inc. ("Andor"), the Company holds ownership and
control over 3,822,814 common shares ("Shares") and 2,915,503 warrants
("Warrants") of Trident, representing approximately 11.38% of the issued
and outstanding Shares of Trident and 18.46% after giving effect to the
exercise of the Warrants. Yamana acquired the securities pursuant to the
transaction exemption in section 2.11 of National Instrument 45-106
Prospectus and Registration Exemptions. The deemed price per Share and
Warrant was $0.06.

    Pursuant to the Qualifying Transaction, Andor acquired all of the issued
and outstanding shares of Trident (the "Trident Shares"), with the former
Trident shareholders (including Yamana) receiving one (1) common share of
Andor for each 10.75 Trident Shares held. 

    Yamana has no current intention to acquire ownership or control over
additional securities of Trident. It is the intention of Yamana to
evaluate its investment in Trident on a continuing basis and such
holdings may be decreased or increased in the future. 

    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,
advancement of its exploration properties and by targeting other gold
consolidation opportunities with a primary focus in the Americas.

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This news release
contains "forward-looking statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and applicable
Canadian securities legislation. Except for statements of historical fact
relating to the Company, information contained herein constitutes
forward-looking statements, including any information as to the Company's
strategy, plans or future financial or operating performance.
Forward-looking statements are characterized by words such as "plan,"
"expect", "budget", "target", "project", "intend," "believe",
"anticipate", "estimate" and other similar words, or statements that
certain events or conditions "may" or "will" occur. Forward-looking
statements are based on the opinions, assumptions and estimates of
management considered reasonable at the date the statements are made, and
are inherently subject to a variety of risks and uncertainties and other
known and unknown factors that could cause actual events or results to
differ materially from those projected in the forward-looking statements.
These factors include the Company's expectations in connection with the
expected production and exploration, development and expansion plans at
the Company's projects discussed herein being met, the impact of proposed
optimizations at the Company's projects, the impact of the proposed new
mining law in Brazil and the impact of general business and economic
conditions, global liquidity and credit availability on the timing of
cash flows and the values of assets and liabilities based on projected
future conditions, fluctuating metal prices (such as gold, copper, silver
and zinc), currency exchange rates (such as the Brazilian Real, the
Chilean Peso, the Argentine Peso, and the Mexican Peso versus the United
States Dollar), possible variations in ore grade or recovery rates,
changes in the Company's hedging program, changes in accounting policies,
changes in mineral resources and mineral reserves, risk related to
non-core mine dispositions, risks related to acquisitions, changes in
project parameters as plans continue to be refined, changes in project
development, construction, production and commissioning time frames, risk
related to joint venture operations, the possibility of project cost
overruns or unanticipated costs and expenses, higher prices for fuel,
steel, power, labour and other consumables contributing to higher costs
and general risks of the mining industry, failure of plant, equipment or
processes to operate as anticipated, unexpected changes in mine life,
final pricing for concentrate sales, unanticipated results of future
studies, seasonality and unanticipated weather changes, costs and timing
of the development of new deposits, success of exploration activities,
permitting time lines, government regulation and the risk of government
expropriation or nationalization of mining operations, environmental
risks, unanticipated reclamation expenses, title disputes or claims,
limitations on insurance coverage and timing and possible outcome of
pending litigation and labour disputes, as well as those risk factors
discussed or referred to in the Company's current annual Management's
Discussion and Analysis and Annual Information Form filed with the
securities regulatory authorities in all provinces of Canada and
available at www.sedar.com, and the Company's Annual Report on Form 40-F
filed with the United States Securities and Exchange Commission. Although
the Company has attempted to identify important factors that could cause
actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors that
cause actions, events or results not to be anticipated, estimated or
intended.
There can be no assurance that forward-looking statements will prove to
be accurate, as actual results and future events could differ materially
from those anticipated in such statements. The Company undertakes no
obligation to update forward-looking statements if circumstances or
management's estimates, assumptions or opinions should change, except as
required by applicable law. The reader is cautioned not to place undue
reliance on forward-looking statements. The forward-looking information
contained herein is presented for the purpose of assisting investors in
understanding the Company's expected financial and operational
performance and results as at and for the periods ended on the dates
presented in the Company's plans and objectives and may not be
appropriate for other purposes.

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 2013, Market Wire, All rights reserved.

-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.