Yamana Gold Declares October 2008 Dividend

    TSX: YRI
    NYSE:   AUY
    LSE: YAU

today announced its October 2008 monthly dividend of US$0.01 per share.
Shareholders of record at the close of business on Friday, October 31, 2008
will be entitled to receive payment of this dividend on Friday, November 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., Jodi Peake, Vice President,
Public and Investor Relations, (416) 815-0220, Email: investor@yamana.com; or
Yamana Gold Inc., Letitia Wong, Director, Investor Relations, (416) 815-0220,
Email: investor@yamana.com

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