YAMANA INCREASES MINERAL RESERVES BY 26% AND MINERAL RESOURCES BY 12%

TORONTO, Feb. 23, 2011 /CNW/ - YAMANA GOLD INC. (TSX: YRI) (NYSE: AUY) (LSE: YAU) today announced its mineral reserves and mineral resources for the year ended December 31, 2010. The Company's total proven and probable mineral gold reserves increased by 4.5 million ounces to 22.1 million ounces, which represents a 26% increase over the previous year. Measured and indicated gold resources increased by 12% from 2009 to 14.5 million ounces. Silver and copper proven and probable mineral reserves increased by 3% and 9%, respectively.

HIGHLIGHTS:

    <<
    -   Total proven and probable gold equivalent(1) mineral reserves
        increased to 25.1 million ounces, a 23% increase from 2009 and
        includes:
        -  Total gold mineral reserves of 22.1 million ounces, an increase
           of 26%
        - Total silver mineral reserves of 167.3 million ounces, an increase
           of 3%

    -   Total measured and indicated gold equivalent mineral resources
        increased to 15.3 million ounces, an increase of 9% over 2009 and
        includes:
        -  Total gold mineral resources of 14.5 million ounces, an increase
           of 12%
        -  Total silver mineral resources of 46.0 million ounces, a decrease
           of 23%

    -   Initial reserve estimate was declared at Jeronimo of over
        1.6 million ounces (on a 100% ownership basis). A pre-feasibility
        has recently been completed on Jeronimo with a feasibility expected
        at the end of 2011

    -   Initial reserve estimate was declared at the Suruca gold area of
        Chapada, which was previously announced, a feasibility study expected
        by year end

    -   Jacobina's total mineral resources and grade increased significantly.
        The Company will continue evaluating options to increase production.

    -   Pilar's mineral reserves to 1.4 million gold ounces, supporting
        the Company's earlier decision to develop the project
        with a 30% throughput increase for higher production levels
    >>

"Growth in mineral reserves and mineral resources became a key focus of this Company in the past year. An increased resource base allows us to consider production increases and longer mine life which will build further value in the Company," said Yamana's Chairman and Chief Executive Officer, Peter Marrone. "We have clearly demonstrated our ability to grow resources through the increases in the past and the significant increases this year. Our exploration budget for 2011 of $85 million is similar to last year's budget. Part of the focus of this year's program is to continue to show substantial growth in resources. We expect to deliver on our track record of doing so and of building sustainable and predictable production and growth by continuing our aggressive exploration program throughout 2011."

On a gold equivalent basis, and excluding Agua Rica, proven and probable reserves are 16.6 million gold equivalent ounces (GEO) for the year ending December 31, 2010, an increase of over 28% from 2009 at 13.0 million GEO. This is comprised of 15.6 million ounces of proven and probable gold reserves and 65.0 million ounces of proven and probable silver reserves. Proven and probable copper reserves were 12.2 billion pounds of copper, and excluding Agua Rica, would be 2.5 billion pounds. Reserves and resources were calculated based on a gold price of $900 per ounce, a silver price of $15.00 per ounce and a copper price of $2.50 per pound (except where noted).

Changes in gold equivalent mineral reserves are detailed below:

    <<
    Proven and probable mineral reserves at (December 31, 2009)   20.4  M oz
    Ounces mined during 2010                                      (1.3) M oz
    Discovered ounces and converted resources during 2010          5.9  M oz
                                                                 ------------
    Proven and probable mineral reserves - (December 31, 2010)    25.1  M oz
    >>

Measured and indicated gold equivalent resources excluding Agua Rica were 14.1 million ounces at the end of 2010, an increase of 19% from 2009. This includes gold resources of 13.6 million ounces and silver mineral resources of 27.8 million ounces when Agua Rica is excluded. Copper mineral resources for the year end were 3.1 billion pounds, a slight decline from 2009, excluding Agua Rica these resources would be 1.4 billion pounds.

In addition, inferred gold mineral resources declined slightly to 9.0 million ounces, silver inferred resources increased slightly to 97.8 million ounces and resources of copper declined to 5.2 billion pounds.

The most notable changes are detailed below:

Jeronimo, Chile

At the Company's Jeronimo deposit, the first mineral reserve estimate was declared of 1.6 million ounces, based on the pre-feasibility study recently completed, on a fully consolidated basis. Based on the Company's current ownership interest (57%), attributable mineral reserves are 0.93 million ounces. Approximately one third of the mineral reserves declared were a direct result of conversion from resources via infill drilling.

    <<
    -------------------------------------------------------------------------
                                                                Contained oz
    100%                           Tonnes (000's)  Grade (g/t)        (000's)
    -------------------------------------------------------------------------
    Probable Gold Reserves                12,825         3.95          1,628
    -------------------------------------------------------------------------
    Indicated Mineral Resources            1,456         3.54            165
    -------------------------------------------------------------------------
    >>

The pre-feasibility (on 100% basis) contemplates:

    <<
    -   Approximately $310 million in pre-production capital
    -   145,000 oz - approximate average annual production
    -   185,000 oz - approximate average annual production for the first
        four years
    -   10 years of initial mine life
    -   Cash costs of approximately $550/oz
    -   Approximate cash costs for the first four years are expected to be
        below $500/oz
    -   4,200 tonnes per day throughput
    -   Recovery of approximately 85% based on pressure oxidation
    >>

The Company is evaluating other processing methods for better recoveries, which are anticipated to further optimize the project economics. The Company will also be incorporating the impact of credits from the sale of manganese which was not included in the pre-feasibility, as well as the positive impact of other off-take products. The resource remains open at depth and has potential to add significantly to resources.

Results of the evaluation of these different processing options and optimizations will be part of the feasibility study which is expected to be delivered at the end of 2011. The decision to proceed, after that time, will be based on continued positive results from a full feasibility and further consolidation of the ownership of Jeronimo, both of which are expected to occur.

Pilar, Brazil

Total proven and probable mineral reserves increased to 1.4 million ounces, this includes an initial reserve that was announced on August 4, 2010. Additional exploration drilling suggests that growth in mineral reserves and resources should continue in 2011.

The total mineral resources at Pilar do not include Caiamar, a deposit located 38 kilometres from Pilar which is being evaluated under various scenarios. The Pilar project, which is currently in development and expected to be in production in 2013, is already being built at capacity levels that are 30% higher than those contemplated in the feasibility study. This extra capacity demonstrates the confidence in the Company's ability to continue to develop this high quality resource base.

Jacobina, Brazil

Mineral reserves at Jacobina increased by 8% to 1.7 million ounces. Measured and indicated mineral resources also increased to 1.66 million ounces, a 16% increase over 2009. Of even greater significance, is the increase of 16% in mineral reserve grade, to 2.48 g/t and the 10% increase in resource grade. These grade increases will facilitate higher future production levels. The Company is currently evaluating options to increase plant capacity, which could further enhance production at Jacobina.

Chapada, Brazil

Early in January 2011, the Company announced the revised Chapada production life-of-mine plan that incorporated the new resources at Suruca, a satellite deposit located six kilometers from Chapada. These resources were part of the overall increase in mineral reserves of 45% to 3.1 million ounces. Mineral resources increased by close to 240% to 2.5 million ounces.

The additional reserves and resources at Chapada have already been worked into a revised production plan announced earlier this year that will result in production in excess of 140,000 ounces per year for the life of the mine at Chapada.

These significant increases to reserves and resource are a direct result of a well planned and executed exploration plan, which will be continued into 2011.

Gualcamayo, Argentina

In August 2010, the Company delivered an updated production plan for its Gualcamayo mine which included the additional mineral reserves and mineral resources discovered at its QDD Lower West deposit. This initial resource contributed to the 4% increase in reserves to 2.4 million ounces and a 16% increase in mineral resources, to 0.9 million ounces. Further development of the QDD Lower West zone is expected as part of the 2011 exploration program. Continued success at this deposit will make additional positive contributions to reserves and resources in 2011.

Fazenda Brasileiro, Brazil

Total mineral resources at Fazenda Brasileiro more than doubled to 472,000 ounces, while mineral reserves declined modestly. This increase in resources was attributable to an entirely new area of mineralization, CLX2, within the mining complex that was only recently discovered. Given the positive impact of this new discovery, the Company will be spending $5M in exploration at Fazenda Brasileiro in 2011, to further develop and define this resource.

El Penon, Chile

Total proven and probable mineral reserves at El Penon increased by 4% to 2.0 million ounces, due to the conversion of resources. Silver reserves and gold equivalent reserves declined slightly. However, gold reserve grade increased to 7.29 g/t from 7.05 g/t in 2009. The 2011 program will renew efforts on resource growth with a significant portion of the $15 million to be spent in areas expected to increase resources.

Minera Florida

In early 2010, the Company elected to switch to sub-level open stoping mining method on the areas previously considered as cut and fill. This change in mining method allows for more certainty of mining, consistency between mine and plant grades, and a more realistic dilution estimation. It also required a mine plan redesign and a lower cut-off grade used in the estimation of mineral reserves. As a result, Minera Florida mineral reserves were marginally increased and now total 668,000 ounces in proven and probable mineral reserves. The tonnage increased by 36% and the grade decreased to 4.18 g/t. This grade is expected to improve as new areas are discovered and developed.

Yamana continues to build on its successful 2010 exploration program with plans to spend approximately $85 million in 2011. The exploration program will focus on several new areas of mineralization discovered in 2009 and 2010 as well as increasing mineral reserves and mineral resources. Yamana anticipates the continuation of growth in mineral reserves and mineral resources in 2011.

Detailed mineral reserve and mineral resource tables follow at the end of this press release and are available on our website, www.yamana.com.

    <<
             CONSOLIDATED MINERAL RESERVES AND MINERAL RESOURCES
                           AS AT DECEMBER 31, 2010
    -------------------------------------------------------------------------
                                  Contained     Contained       Contained
                                     Gold         Silver          Copper
                                (000's ounce) (000's ounce) (Millions of lbs)
    -------------------------------------------------------------------------
    Total Proven and Probable
     Mineral Reserves               22,124       167,269          12,242
    -------------------------------------------------------------------------
    Total Measured and Indicated
     Mineral Resources              14,504        45,962           3,099
    -------------------------------------------------------------------------
    Total Inferred Resources         9,020        97,763           5,245
    -------------------------------------------------------------------------
    >>

Quality Assurance and Quality Control

Yamana incorporates a rigorous Quality Assurance and Quality Control program for all of its mines and exploration projects which conforms to industry Best Practices as outlined by the CSE and National Instrument 43-101. This includes the use of independent third party laboratories and the use of professionally prepared standards and blanks and analysis of sample duplicates with a second independent laboratory.

Qualified Person

Other than as set forth herein, Evandro Cintra, P.Geo., Senior Vice President, Technical Services for Yamana Gold Inc. has reviewed and confirmed the scientific and technical information contained within this press release and serves as the Qualified Person as defined in National Instrument 43-101.

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 projects and exploration programs discussed herein being met, 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 and the Argentine 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 the Company's corporate mineral resources, risk related to non-core mine dispositions, changes in project parametres 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 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 annual Management's Discussion and Analysis and Annual Information Form for the year ended December 31, 2009 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.

CAUTIONARY NOTE TO U.S. INVESTORS CONCERNING ESTIMATES OF MEASURED, INDICATED AND INFERRED MINERAL RESOURCES

This news release uses the terms "Measured", "Indicated" and "Inferred" Mineral Resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable.

    <<
    Yamana's Mineral Reserves and Resources Estimates as at December 31, 2010

    Mineral Reserves (Proven and Probable)

    -------------------------------------------------------------------------
    Gold     Proven Reserves      Probable Reserves       Total - Proven
                                                           and Probable
    -------------------------------------------------------------------------
                        Cont-                 Cont-                    Cont-
          Tonnes Grade  ained  Tonnes  Grade  ained  Tonnes    Grade   ained
    -------------------------------------------------------------------------
                        oz.                   oz.                      oz.
         (000's) (g/t) (000's)(000's) (g/t)  (000's) (000's)   (g/t)  (000's)
    -------------------------------------------------------------------------
    Alum-
    brera
    (12.5%
     )   34,625   0.39    434     875   0.28       8    35,500   0.39     442
    -------------------------------------------------------------------------
    Chap-
    ada 167,765   0.21  1,125 261,406   0.24   2,009   429,171   0.23   3,134
    -------------------------------------------------------------------------
    C1-
    Santa
    Luz  13,452   1.63    706  10,336   1.44     479    23,788   1.55   1,184
    -------------------------------------------------------------------------
    El
    Penon 1,349   7.53    327   7,204   7.24   1,677     8,554   7.29   2,003
    -------------------------------------------------------------------------
    Erne-
    sto/
    Pau a
    Pique 2,279   3.86    283   4,827   2.75     427     7,106   3.11     710
    -------------------------------------------------------------------------
    Faze-
    nda
    Brasi-
    leiro 1,254   2.85    115     545   3.49      61     1,799   3.04     176
    -------------------------------------------------------------------------
    Gualca-
    mayo 20,614   0.97    641  48,461   1.14   1,775    69,075   1.09   2,416
    -------------------------------------------------------------------------
    Jaco-
    bina  3,754   1.93    233  17,205   2.60   1,439    20,959   2.48   1,672
    -------------------------------------------------------------------------
    Jero-
    nimo
    (57%)
    (*)     -      -      -   7,310   3.95     928     7,310   3.95     928
    -------------------------------------------------------------------------
    Mercedes  -      -      -   4,362   5.66     794     4,362   5.66     794
    -------------------------------------------------------------------------
    Minera
    Flor-
    ida   1,831   4.54    267   3,149   3.96     401     4,980   4.18     668
    -------------------------------------------------------------------------
    Pilar
    (Jord-
    ino)      -      -      -  11,098   4.03   1,439    11,098   4.03   1,439
    -------------------------------------------------------------------------
    Sub
    Total
    Gold
    Mineral
    Reser-
    ves 246,923   0.52  4,131 376,779   0.94  11,437   623,702   0.78  15,565
    -------------------------------------------------------------------------
    Agua
    Ri-
    ca  384,871   0.25  3,080 524,055   0.21   3,479   908,926   0.22   6,559
    -------------------------------------------------------------------------
    Total
    Gold
    Mineral
    Reser-
    ves 631,794   0.35  7,211 900,834   0.52  14,916 1,532,628   0.45  22,124
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    Silver  Proven Reserves      Probable Reserves       Total - Proven
                                                           and Probable
    -------------------------------------------------------------------------
                        Cont-                 Cont-                    Cont-
          Tonnes Grade  ained  Tonnes  Grade  ained  Tonnes    Grade   ained
    -------------------------------------------------------------------------
                        oz.                   oz.                      oz.
         (000's) (g/t) (000's)(000's) (g/t)  (000's) (000's)   (g/t)  (000's)
    -------------------------------------------------------------------------
    El
    Penon 1,349 280.70 12,176   7,204 171.34  39,687     8,554 188.59  51,863
    -------------------------------------------------------------------------
    Merc-
    edes      -      -      -   4,362  59.80   8,386     4,362  59.80   8,386
    -------------------------------------------------------------------------
    Minera
    Flor-
    ida   1,831  30.54  1,798   3,149  29.39   2,976     4,980  29.81   4,774
    -------------------------------------------------------------------------
    Sub
    Total
    Silver
    Mineral
    Rese-
    rves  3,180 136.67 13,974  14,715 107.90  51,049    17,896 113.01  65,023
    -------------------------------------------------------------------------
    Agua
    Ri-
    ca  384,871   3.73 46,176 524,055   3.33  56,070   908,926   3.50 102,246
    -------------------------------------------------------------------------
    Total
    Silver
    Mineral
    Reser-
    ves 388,051   4.82 60,150 538,770   6.18 107,119   926,822   5.61 167,269
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    Copper  Proven Reserves      Probable Reserves       Total - Proven
                                                           and Probable
    -------------------------------------------------------------------------
                        Cont-                 Cont-                    Cont-
          Tonnes Grade  ained  Tonnes  Grade  ained  Tonnes    Grade   ained
    -------------------------------------------------------------------------
         (000's) (%)  lbs (mm)(000's)  (%)  lbs (mm) (000's)    (%)  lbs (mm)
    -------------------------------------------------------------------------
    Alum-
    brera
    (12.5%
    )    34,625   0.39    298     875   0.32       6    35,500   0.39     304
    -------------------------------------------------------------------------
    Chap-
    ada 167,765   0.29  1,068 200,951   0.24     957   368,716   0.26   2,149
    -------------------------------------------------------------------------
    Sub
    Total
    Copper
    Mineral
    Reser-
    ves 202,390   0.31  1,366 201,826   0.24     963   404,216   0.27   2,453
    -------------------------------------------------------------------------
    Agua
    Ri-
    ca  384,871   0.56  4,779 524,055   0.43   5,011   908,926   0.49   9,789
    -------------------------------------------------------------------------
    Total
    Copper
    Mineral
    Reser-
    ves 587,261   0.47  6,144 725,881   0.38   5,974 1,313,142   0.42  12,242
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    Zinc    Proven Reserves      Probable Reserves       Total - Proven
                                                           and Probable
    -------------------------------------------------------------------------
                        Cont-                 Cont-                    Cont-
          Tonnes Grade  ained  Tonnes  Grade  ained  Tonnes    Grade   ained
    -------------------------------------------------------------------------
         (000's) (%)  lbs (mm)(000's)  (%)  lbs (mm) (000's)    (%)  lbs (mm)
    -------------------------------------------------------------------------
    Minera
    Flo-
    rida  1,831   1.19     48   3,149   1.17      81     4,980   1.18     129
    -------------------------------------------------------------------------
    Total
    Zinc
    Mineral
    Reser-
    ves   1,831   1.19     48   3,149   1.17      81     4,980   1.18     129
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    Molybd-  Proven Reserves      Probable Reserves       Total - Proven
    enum                                                   and Probable
    -------------------------------------------------------------------------
                        Cont-                 Cont-                    Cont-
          Tonnes Grade  ained  Tonnes  Grade  ained  Tonnes    Grade   ained
    -------------------------------------------------------------------------
         (000's) (%)  lbs (mm)(000's)  (%)  lbs (mm) (000's)    (%)  lbs (mm)
    -------------------------------------------------------------------------
    Alum-
    brera
    (12.5%
    )    34,625  0.013     10     875  0.015     0.3   35,500   0.013      10
    -------------------------------------------------------------------------
    Sub
    Total
    Moly
    Mineral
    Reser-
    ves  34,625  0.013     10     875  0.015     0.3   35,500   0.013      10
    -------------------------------------------------------------------------
    Agua
    Ri-
    ca  384,871  0.033    279 524,055  0.030     350  908,926   0.031     629
    -------------------------------------------------------------------------
    Total
    Moly
    Mineral
    Reser-
    ves 419,496  0.031    289 524,930  0.030     350  944,426   0.031     639
    -------------------------------------------------------------------------
    *Jeronimo mineral reserves on a consolidated basis total 1.628 million
    ounces with mineral resources of 165,000 ounces.


    Mineral Resources (Measured, Indicated and Inferred)

    -------------------------------------------------------------------------
    Gold                     Measured Resources        Indicated Resources
    -------------------------------------------------------------------------
                        Tonnes    Grade   Contained  Tonnes   Grade Contained
    -------------------------------------------------------------------------
                                            oz.                       oz.
                        (000's)   (g/t)    (000's)  (000's)   (g/t)  (000's)
    -------------------------------------------------------------------------
    Amancaya                  -        -        -         -       -        -
    -------------------------------------------------------------------------
    C1-Santa Luz         12,029     1.50      580    13,728    1.43      633
    -------------------------------------------------------------------------
    Caiamar                   -        -        -       703    4.76      108
    -------------------------------------------------------------------------
    Chapada              65,250     0.13      269   369,693    0.19    2,254
    -------------------------------------------------------------------------
    El Penon                822    12.71      336     1,843    7.12      422
    -------------------------------------------------------------------------
    Ernesto/Pau a
     Pique                  204     6.28       41     1,793    1.44       83
    -------------------------------------------------------------------------
    Fazenda Brasileiro    4,617     1.76      262     3,267    2.00      210
    -------------------------------------------------------------------------
    Gualcamayo            5,336     1.38      237    20,283    1.06      694
    -------------------------------------------------------------------------
    Jacobina              3,403     2.18      238    13,735    3.23    1,425
    -------------------------------------------------------------------------
    Jeronimo 57%
    *                       -        -        -       830    3.54       94
    -------------------------------------------------------------------------
    La Pepa              15,750     0.61      308   133,682    0.57    2,452
    -------------------------------------------------------------------------
    Mercedes                  -        -        -     1,509    3.88      188
    -------------------------------------------------------------------------
    Minera Florida        1,105     5.77      205       888    5.85      167
    -------------------------------------------------------------------------
    Pilar (Jordino)           -        -        -       703    5.13      116
    -------------------------------------------------------------------------
    Pilar (Tres
     Buracos)                 -        -        -         -       -        -
    -------------------------------------------------------------------------
    Suyai                     -        -        -     4,700   15.00    2,286
    -------------------------------------------------------------------------
    Sub Total Gold
     Mineral Resources  108,515     0.71    2,476   567,357    0.61   11,132
    -------------------------------------------------------------------------
    Agua Rica            27,081     0.14      120   173,917    0.14      776
    -------------------------------------------------------------------------
    Total Gold
     Mineral
     Resources          135,596     0.60    2,596   741,274    0.50   11,908
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Gold                    Total - Measured          Inferred Resources
                              and Indicated
    -------------------------------------------------------------------------
                       Tonnes    Grade  Contained Tonnes    Grade  Contained
    -------------------------------------------------------------------------
                                          oz.                         oz.
                       (000's)   (g/t)   (000's)  (000's)   (g/t)    (000's)
    -------------------------------------------------------------------------
    Amancaya                 -       -        -     1,390     7.90       351
    -------------------------------------------------------------------------
    C1-Santa Luz        25,757    1.46    1,213     4,989     1.43       230
    -------------------------------------------------------------------------
    Caiamar                703    4.76      108     1,380     3.30       150
    -------------------------------------------------------------------------
    Chapada            434,943    0.18    2,523   105,325     0.12       404
    -------------------------------------------------------------------------
    El Penon             2,665    8.85      758     4,447     8.12     1,161
    -------------------------------------------------------------------------
    Ernesto/Pau a
     Pique               1,997    1.93      124     4,459     1.79       257
    -------------------------------------------------------------------------
    Fazenda Brasileiro   7,884    1.86      472     2,021     3.11       202
    -------------------------------------------------------------------------
    Gualcamayo          25,619    1.13      931     4,381     0.82       115
    -------------------------------------------------------------------------
    Jacobina            17,138    3.02    1,663    13,555     2.97     1,293
    -------------------------------------------------------------------------
    Jeronimo 57% *       830    3.54       94     1,846     3.70       219
    -------------------------------------------------------------------------
    La Pepa            149,432    0.57    2,760    37,900     0.50       620
    -------------------------------------------------------------------------
    Mercedes             1,509    3.88      188     3,444     4.23       468
    -------------------------------------------------------------------------
    Minera Florida       1,992    5.81      372     2,980     5.58       534
    -------------------------------------------------------------------------
    Pilar (Jordino)        703    5.13      116       697     5.71       128
    -------------------------------------------------------------------------
    Pilar (Tres
     Buracos)                -       -        -     4,100     1.30       170
    -------------------------------------------------------------------------
    Suyai                4,700   15.00    2,286       900     9.90       274
    -------------------------------------------------------------------------
    Sub Total Gold
     Mineral
     Resources         675,872    0.63    13,608   193,814    1.06     6,576
    -------------------------------------------------------------------------
    Agua Rica          200,998    0.14      896   642,110     0.12     2,444
    -------------------------------------------------------------------------
    Total Gold
     Mineral
     Resources         876,870    0.51   14,504   835,924     0.34     9,020
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    Silver                   Measured Resources        Indicated Resources

    -------------------------------------------------------------------------
                        Tonnes    Grade   Contained  Tonnes   Grade Contained
    -------------------------------------------------------------------------
                                            oz.                       oz.
                        (000's)   (g/t)    (000's)  (000's)   (g/t)  (000's)
    -------------------------------------------------------------------------
    Amancaya                  -        -        -         -       -        -
    -------------------------------------------------------------------------
    El Penon                822   332.59    8,789     1,843  193.64   11,477
    -------------------------------------------------------------------------
    Mercedes                  -        -        -     1,509   48.70    2,363
    -------------------------------------------------------------------------
    Minera Florida        1,105    20.53      729       888   30.87      881
    -------------------------------------------------------------------------
    Suyai                     -        -        -     4,700   23.00    3,523
    -------------------------------------------------------------------------
    Sub Total Silver
     Mineral Resources    1,927   153.67    9,518     8,940   63.48   18,244
    -------------------------------------------------------------------------
    Agua Rica            27,081     2.35    2,042   173,917    2.89   16,158
    -------------------------------------------------------------------------
    Total Silver
     Mineral Resources   29,007    12.40   11,560   182,857    5.85   34,402
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    Silver                 Total - Measured           Inferred Resources
                             and Indicated
    -------------------------------------------------------------------------
                       Tonnes    Grade  Contained Tonnes    Grade  Contained
    -------------------------------------------------------------------------
                                          oz.                         oz.
                       (000's)   (g/t)   (000's)  (000's)   (g/t)    (000's)
    -------------------------------------------------------------------------
    Amancaya                 -       -        -     1,390    73.00     3,270
    -------------------------------------------------------------------------
    El Penon             2,665  236.53   20,266     4,447   258.17    36,911
    -------------------------------------------------------------------------
    Mercedes             1,509   48.70    2,363     3,444    32.10     3,554
    -------------------------------------------------------------------------
    Minera Florida       1,992   25.14    1,610     2,980    55.63     5,329
    -------------------------------------------------------------------------
    Suyai                4,700   23.00    3,523       900    21.00       575
    -------------------------------------------------------------------------
    Sub Total Silver
     Mineral Resources  10,866   79.47   27,762    13,161   117.31    49,639
    -------------------------------------------------------------------------
    Agua Rica          200,998    2.82   18,200   642,110     2.33    48,124
    -------------------------------------------------------------------------
    Total Silver
     Mineral Resources 211,864    6.75   45,962   655,271     4.64    97,763
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    Copper                   Measured Resources        Indicated Resources
    -------------------------------------------------------------------------
                        Tonnes    Grade   Contained  Tonnes   Grade Contained
    -------------------------------------------------------------------------
                        (000's)    (%)    lbs (mm)  (000's)   (%)    lbs (mm)
    -------------------------------------------------------------------------
    Chapada              65,250     0.18      239   278,787    0.19    1,146
    -------------------------------------------------------------------------
    Sub Total Copper
     Mineral Resources   65,250     0.18      239   278,787    0.19    1,146
    -------------------------------------------------------------------------
    Agua Rica            27,081     0.45      266   173,917    0.38    1,447
    -------------------------------------------------------------------------
    Total Copper
     Mineral Resources   92,331     0.26      505   452,704    0.26    2,593
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    Copper                 Total - Measured          Inferred Resources
    -------------------------------------------------------------------------
                       Tonnes    Grade  Contained Tonnes    Grade  Contained
    -------------------------------------------------------------------------
                       (000's)   (%)    lbs (mm)   (000's)   (%)    lbs (mm)
    -------------------------------------------------------------------------
    Chapada            344,037    0.19    1,385    96,147     0.19       392
    -------------------------------------------------------------------------
    Sub Total Copper
     Mineral Resources 344,037    0.19    1,385    96,147     0.19       392
    -------------------------------------------------------------------------
    Agua Rica          200,998    0.39    1,714   642,110     0.34     4,853
    -------------------------------------------------------------------------
    Total Copper
     Mineral Resources 545,035    0.26    3,099   738,257     0.32     5,245
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    Zinc                      Measured Resources        Indicated Resources
    -------------------------------------------------------------------------
                        Tonnes    Grade   Contained  Tonnes   Grade Contained
    -------------------------------------------------------------------------
                        (000's)    (%)    lbs (mm)  (000's)   (%)    lbs (mm)
    -------------------------------------------------------------------------
    Minera Florida        1,105     2.26       55       888    1.52       30
    -------------------------------------------------------------------------
    Total Zinc
     Mineral Resources    1,105     2.26       55       888    1.52       30
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    Zinc                    Total - Measured          Inferred Resources
                             and Indicated
    -------------------------------------------------------------------------
                       Tonnes    Grade  Contained Tonnes    Grade  Contained
    -------------------------------------------------------------------------
                       (000's)   (%)    lbs (mm)   (000's)   (%)    lbs (mm)
    -------------------------------------------------------------------------
    Minera Florida       1,992    1.94       85     2,980     1.43        94
    -------------------------------------------------------------------------
    Total Zinc
     Mineral Resources   1,992    1.94       85     2,980     1.43        94
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    Molybdenum                Measured Resources        Indicated Resources
    -------------------------------------------------------------------------
                        Tonnes    Grade   Contained  Tonnes   Grade Contained
    -------------------------------------------------------------------------
                        (000's)    (%)    lbs (mm)  (000's)   (%)    lbs (mm)
    -------------------------------------------------------------------------
    Agua Rica            27,081    0.049       29   173,917   0.037      142
    -------------------------------------------------------------------------

    Total Moly
     Mineral Resources   27,081    0.049       29   173,917   0.037      142
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    Molybdenum              Total - Measured          Inferred Resources
                             and Indicated
    -------------------------------------------------------------------------
                       Tonnes    Grade  Contained Tonnes    Grade  Contained
    -------------------------------------------------------------------------
                       (000's)   (%)    lbs (mm)   (000's)   (%)    lbs (mm)
    -------------------------------------------------------------------------
    Agua Rica          200,998   0.039      172   642,110    0.034       480
    -------------------------------------------------------------------------
    Total Moly
     Mineral Resources 200,998   0.039      172   642,110    0.034       480
    -------------------------------------------------------------------------
    NOTE: Mineral Resources are exclusives of Mineral Reserves


    Yamana Gold Inc. Mineral Reserves and Mineral Resource Reporting Notes:


    1. Metal Prices and Cut-off Grades

    -------------------------------------------------------------------------
    Mine            Mineral Reserves             Mineral Resources
    -------------------------------------------------------------------------
    Alumbrera       $1,040 Au, $2.80 Cu, $16.00  N/A
    (12.5%)         and 0.22% CuEq
    -------------------------------------------------------------------------
    Amancaya        N/A                          1.0 g/t Aueq OP ,
                                                 3.4 g/t Aueq UG
    -------------------------------------------------------------------------
    Caiamar         N/A                          1.5 g/t Au cut-off
    -------------------------------------------------------------------------
    Chapada         $900 Au, $2.50 Cu, $3.53     $3.53 NSR cut-off out of pit
                    NSR cut-off
    -------------------------------------------------------------------------
    C1-Santa Luz    $750 Au, 0.50 g/t Au         0.5 g/t Au cut-off
                    cut-off
    -------------------------------------------------------------------------
    El Penon        $900 Au, $15.00 Ag, 3.6 g/t  1.2 g/t Aueq cut-off
                    Aueq cut-off
    -------------------------------------------------------------------------
    Ernesto/Pau     $825 Au, 1.0 g/t UG,         0.3 g/t OP 1.0 g/t UG
    a Pique         0.3 g/t Au OP cut-off
    -------------------------------------------------------------------------
    Fazenda         $1,000 Au, 1.34 g/t Au UG    0.5 g/t cut-off UG and
    Brasileiro      and 0.94g/t Au OP cut-off    0.25g/t Au OP cut-off
    -------------------------------------------------------------------------
    Gualcamayo      $900 Au, 1.00 g/t Au UG and  1.00 g/t Au UG and 0.15 g/t
                    0.15 g/t Au Open Pit         Au OP cut-off
                    cut-off
    -------------------------------------------------------------------------
    Jacobina        $900 Au; 1.18 g/t Au         0.5 g/t Au cut-off for
                    cut-off                      Jacobina Mines and 1.5 g/t
                                                 Au cut-off for Pindobaçu
                                                 Project
    -------------------------------------------------------------------------
    Jeronimo        $900 Au, 2.0 g/t Au cut-off  2.0 g/t Au cut-off
    -------------------------------------------------------------------------
    La Pepa         N/A                          $780 Au, 0.30 g/t Au cut-off
    -------------------------------------------------------------------------
    Mercedes        $900 Au, $15.00 Ag,          2.0 g/t Aueq cut-off
                    3.0 g/t Aueq
    -------------------------------------------------------------------------
    Minera Florida  $900 Au, $15.00 Ag,          1.2 g/t Aueq cut-off
                    $1 lb Zn, 2.51 g/t
                    Aueq cut-off
    -------------------------------------------------------------------------
    Pilar           $900 Au; 2.0 g/t Au cut-off  2.0 g/t Au cut-off
    -------------------------------------------------------------------------
    Suyai           N/A                          5.0 g/t Au cut-off
    -------------------------------------------------------------------------
    Agua Rica       $1,000 g/t Au, $2.50 lb Cu,  0.2% Cu cut-off
                    $17.00 g/t Ag, $12.00 lb Mo
    -------------------------------------------------------------------------
    2.  All mineral reserves and mineral resources have been calculated in
        accordance with the standards of the Canadian Institute of Mining,
        Metallurgy and Petroleum and NI 43-101, other than the estimates for
        the Alumbrera mine which have been calculated in accordance with the
        JORC Code which is accepted under NI 43-101.
    3.  All mineral resources are reported exclusive of mineral reserves.
    4.  Mineral resources which are not mineral reserves do not have
        demonstrated economic viability.
    5.  Mineral reserves and mineral resources are reported as of
        December 31, 2010.
    6.  For the qualified persons responsible for the mineral reserve and
        mineral resource estimates, see the qualified persons chart in "Item
        15 Interests of Experts" in this annual information form.


    The following are qualified persons responsible for mineral reserve and
mineral resource estimates as at December 31, 2010.

    -------------------------------------------------------------------------
                   Qualified Persons             Qualified Persons
    Property        for Mineral Reserves          for Mineral Resources
    -------------------------------------------------------------------------
    Fazenda        Rogerio Moreno, MAusIMM,      Rogerio Moreno, MAusIMM,
     Brasileiro     Principal Geologist, MCB      Principal Geologist, MCB
                    Servicos e Mineracao Ltda.    Servicos e Mineracao Ltda.
    -------------------------------------------------------------------------
    C-1 Santa      Enrique Munoz Gonzalez,       Marco Antonio Alfaro
     Luz            MAusIMM, Metalica             Sironvalle, MAusIMM,
                    Consultores S.A.              Corporate Manager,
                                                  Reserves, Yamana Gold Inc.
    -------------------------------------------------------------------------
    Jacobina       Emerson Ricardo Re, MSc,      Rogerio Moreno,
                    MAusIMM, Corporate  Manager   MAusIMM, Principal
                    R&R, Yamana Gold Inc.         Geologist, MCB Servicos e
                                                  Mineracao Ltda.
    -------------------------------------------------------------------------
    Ernesto/       Renato Petter, P. Eng.,       Rogerio Moreno, MAusIMM,
     Pau a Pique    Technical Services Director,  Principal Geologist, MCB
                    Yamana Gold Inc.              Servicos e Mineracao Ltda.
    -------------------------------------------------------------------------
    Chapada        Raul Contreras, Metalica      Emerson Ricardo Re, MSc,
                    Consultores S.A.              MAusIMM, Corporate  Manager
                                                  R&R, Yamana Gold Inc.

                                                 For Chapada

                                                 -and-

                                                 Greg Walker, P.Geo., Senior
                                                  Manager, Resources
                                                  Estimation, Yamana
                                                  Gold Inc.

                                                 For Chapada - Suruca
    -------------------------------------------------------------------------
    Gualcamayo     Emerson Ricardo Re, MSc,      Marcos Valencia A. P.Geo.,
                    MAusIMM, Corporate  Manager   Regional Resource
                    R&R, Yamana Gold Inc.         Estimation Manager, Andes
                                                  Exploration, Yamana
                                                  Gold Inc.
    -------------------------------------------------------------------------
    Pilar          Guillermo Bagioli, MAusIMM,   Marco Antonio Alfaro
                    Metalica Consultores S.A.     Sironvalle, MAusIMM,
                                                  Corporate Manager,
                   For Jordino                    Reserves, Yamana Gold Inc.

                   -and-                         For Jordino

                   Emerson Ricardo Re, MSc,      -and-
                    MAusIMM, Corporate  Manager
                    R&R, Yamana Gold Inc.        Pamela L. De Mark, P.Geo.,
                                                  Senior Consultant, Snowden
                   For Jordino Extension          Mining Industry Consultants
                                                  Inc.

                                                 For 3 Buracos
    -------------------------------------------------------------------------
    El Penon       Marco Antonio Alfaro          Marcos Valencia A. P.Geo.,
                    Sironvalle, MAusIMM,          Regional Resource
                    Corporate Manager,            Estimation Manager, Andes
                    Reserves, Yamana Gold Inc.    Exploration, Yamana
                                                  Gold Inc.
    -------------------------------------------------------------------------
    Minera         Marco Antonio Alfaro          Marcos Valencia A. P.Geo.,
     Florida        Sironvalle, MAusIMM,          Regional Resource
                    Corporate Manager,            Estimation Manager, Andes
                    Reserves, Yamana Gold Inc.    Exploration, Yamana
                                                  Gold Inc.
    -------------------------------------------------------------------------
    Amancaya       Not applicable                Chester M. Moore, P.Eng.,
                                                  Scott Wilson Roscoe Postle
                                                  Associates Inc.
    -------------------------------------------------------------------------
    Agua Rica      Enrique Munoz Gonzalez,       Evandro Cintra, Ph.D.,
                    MAusIMM, Metalica             P. Geo., Senior Vice
                    Consultores S.A.              President, Technical
                                                  Services, Yamana Gold Inc.
    -------------------------------------------------------------------------
    Alumbrera      Julio Bruna Novillo, AusIMM,  Julio Bruna Novillo, AusIMM,
                    Xstrata Plc                   Xstrata Plc
    -------------------------------------------------------------------------
    Jeronimo       Guillermo Bagioli Arce,       Dominique Bongarçon,
                    M. AusIMM , Metalica          Ph.D, P.Eng., Agoratek
                    Consultores S.A.              International
    -------------------------------------------------------------------------
    Suyai          Not applicable                Robin J. Young, P. Geo.,
                                                  Western Services
                                                  Engineering, Inc.
    -------------------------------------------------------------------------
    Mercedes       Greg Walker, P.Geo.,          Greg Walker, P.Geo., Senior
                    Senior Manager, Resources     Manager, Resources
                    Estimation, Yamana Gold Inc.  Estimation, Yamana
                                                  Gold Inc.
    -------------------------------------------------------------------------
    La Pepa        Not applicable                Chester M. Moore, P.Eng.,
                                                  Scott Wilson Roscoe Postle
                                                  Associates Inc.
    -------------------------------------------------------------------------
    >>

For further information: Lisa Doddridge, Vice President, Corporate Communications and Investor Relations, (416) 815-0220, Email: investor@yamana.com or Linda Armstrong, Director, Investor Relations, (416) 815-0220, Email: investor@yamana.com, www.yamana.com

Organization Profile

Yamana Gold Inc.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890