Yamana Gold Declares Quarterly Dividend

    TSX: YRI
    NYSE:   AUY
    LSE: YAU

today announced its third quarter dividend of US$0.01 per share. Shareholders
of record at the close of business on Friday, September 28, 2007 will be
entitled to receive payment of this dividend on Friday, October 12, 2007. 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 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

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, Vice President, Investor Relations, (416) 815-0220,
Email: investor@yamana.com, Website: www.yamana.com

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