Yamana Gold Declares July 2008 Dividend



    
    TSX: YRI
    NYSE:   AUY
    LSE: YAU
    

    TORONTO, July 16 /CNW/ - YAMANA GOLD INC. (TSX:YRI)(NYSE:  AUY)(LSE:YAU)
today announced its July 2008 monthly dividend of US$0.01 per share.
Shareholders of record at the close of business on Thursday, July 31, 2008
will be entitled to receive payment of this dividend on Thursday, August 14,
2008. The dividend is an "eligible dividend" for Canadian tax purposes.

    About Yamana

    Yamana is a Canadian gold producer with significant gold production, gold
development stage properties, exploration properties, and land positions in
Brazil, Argentina, Chile, Mexico, Central America and the United States.
Yamana is producing gold at intermediate company production levels in addition
to significant copper and silver production. The Company plans to continue to
build on this base through existing operating mine expansions and throughput
increases, the advancement of its exploration properties and by targeting
other gold consolidation opportunities in Brazil, Argentina and elsewhere in
the Americas.





For further information:

For further information: Yamana Gold Inc., Letitia Wong, Director,
Investor Relations, (416) 815-0220, Email: investor@yamana.com

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YAMANA GOLD INC.

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