Yamana Gold Announces Move to the London Stock Exchange Main Market



    
    TSX: YRI
    NYSE:   AUY
    AIM: YAU
    

    TORONTO, June 7 /CNW/ - YAMANA GOLD INC. (TSX:YRI)(NYSE:  AUY)(AIM:YAU) -
This announcement is an advertisement and not a prospectus and investors
should not subscribe for or purchase any shares referred to in this
announcement except on the basis of information in the prospectus published
today by Yamana Gold Inc. ("Yamana" or the "Company") in connection with the
admission of the common shares in the capital of the Company to the Official
List of the Financial Services Authority and to trading on London Stock
Exchange plc's ("London Stock Exchange") main market for listed securities.
Copies of the Prospectus are available from the offices of Canaccord Adams
Limited, Cardinal Place, 7th Floor, 80 Victoria Street, London SW1E 5JL and
Charles Russell LLP, 8-10 New Fetter Lane, London EC4A 1RS.
    The Company is not offering any new common shares or any other securities
in connection with Admission. This document does not constitute an offer to
sell, or the solicitation of an offer to subscribe for or buy Common Shares
nor any other securities in any jurisdiction. The Common Shares will not be
generally made available or marketed to the public in the United Kingdom or in
any other jurisdiction in connection with Admission.
    YAMANA GOLD INC. (TSX:YRI)(NYSE:  AUY)(AIM:YAU) today announced that
admission of its common shares on the main market of the London Stock Exchange
is expected to occur on Tuesday, June 12, 2007 and trading will commence at
8:00 a.m. that day. The Company wishes to notify that trading of its common
shares on AIM will be cancelled simultaneously with its admission to the main
market of the London Stock Exchange.
    No new shares are being issued in connection with this listing. The
Company's trading symbol will continue to be YAU on the London Stock Exchange,
YRI on the Toronto Stock Exchange and AUY on the New York Stock Exchange. The
shares that will trade on the London Stock Exchange will be interchangeable
with the shares that trade on the Toronto Stock Exchange and the New York
Stock Exchange. Yamana currently has 354.2 million common shares issued and
outstanding.
    Yamana will be the first gold mining company to graduate from the AIM to
the main market of the London Stock Exchange thereby positioning it as the
only intermediate gold producer on two of the world's pre-eminent stock
exchanges (London and New York) and the two dominant mining exchanges in the
world (Toronto and London).
    "Given Yamana's status as a leading intermediate gold producer, and the
growth still to come, our move to the main market of the London Stock Exchange
is the next logical step in raising our profile with the international
investment community," commented Peter Marrone, Yamana's chairman and chief
executive officer. "Our LSE listing will provide an additional trading venue,
build on the already considerable liquidity in the Company's shares on the
Toronto and New York stock exchanges and broaden our marketing reach."
    Canaccord acted as financial adviser and broker to the Company in
connection with admission.

    About Yamana

    Yamana is a Canadian gold producer with significant gold production, gold
development stage properties, exploration properties and land positions in
Brazil, Argentina and Central America. Yamana is producing gold at
intermediate company production levels in addition to significant copper
production. Company management plans to continue to build on this base through
the advancement of its exploration properties and by targeting other gold
consolidation opportunities in Brazil, Argentina and elsewhere in the
Americas.

    FORWARD-LOOKING STATEMENTS: This news release contains certain
'forward-looking statements' within the meaning of Section 21E of the United
States Securities Exchange Act of 1934, as amended and 'forward-looking
information' under applicable Canadian securities laws. Except for statements
of historical fact relating to the company, certain information contained
herein constitutes forward-looking statements. Forward-looking statements are
frequently characterized by words such as 'plan,' 'expect,' '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 and estimates of
management at the date the statements are made, and are subject to a variety
of risks and uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the forward-looking
statements. These factors include possible variations in ore grade or recovery
rates, fluctuating metal prices and currency exchange rates, changes in
project parameters, the possibility of project cost overruns or unanticipated
costs and expenses, labour disputes and other risks of the mining industry,
failure of plant, equipment or processes to operate as anticipated, as well as
those risk factors discussed or referred to in the Company's 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. Save as required by the Prospectus Rules, the Disclosure and
Transparency Rules and the Listing Rules, the Company undertakes no obligation
publicly to update forward-looking statements if circumstances or management's
estimates or opinions should change. The reader is cautioned not to place
undue reliance on forward-looking statements.
    The contents of this announcement have been prepared by and are the sole
responsibility of the Company. Canaccord Adams Limited, which is authorised
and regulated in the United Kingdom by the Financial Services Authority, is
acting exclusively for the Company and no one else in connection with
Admission and will not regard any other person as its client or be responsible
to anyone other than the Company for providing the protections afforded to its
clients or for giving advice in relation to Admission, the contents of this
announcement or any transaction or arrangement referred to herein.
    The distribution of this document in certain jurisdictions may be
restricted by law and therefore persons into whose possession this document
comes should inform themselves about and observe any such restrictions,
including those in the paragraphs that follow. Any failure to comply with
these restrictions may constitute a violation of the securities laws of any
such jurisdiction. No action has been taken or will be taken in any
jurisdiction that would permit possession or distribution of this document or
any other publicity material relating to the Common Shares, in any country or
jurisdiction where action for that purpose is required. Accordingly, neither
this document nor any other material in relation to the Common Shares may be
distributed or published, in any jurisdiction where to do so would breach any
securities laws or regulations of any such jurisdiction or give rise to an
obligation to obtain any consent, approval or permission, or to make any
application, filing or registration.





For further information:

For further information: Yamana Gold Inc., Peter Marrone, Chairman &
Chief Executive Officer, (416) 815-0220, Email: investor@yamana.com; or Yamana
Gold Inc., Jodi Peake, Director, Investor Relations, (416) 815-0220, Email:
investor@yamana.com, Website: www.yamana.com; or Canaccord Adams Limited,
Robin Birchall, (44) 207 050 6500

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YAMANA GOLD INC.

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