Yamana Gold Second Quarter Financial Results Release Notification and Conference Call

    TSX: YRI
    NYSE:   AUY
    LSE: YAU

announces that as indicated in its press release dated July 9, 2008, second
quarter 2008 financial results will be released after market close on August
6, 2008. A conference call and audio webcast have been scheduled for August 7,
2008 at 11:00 a.m. E.T. to discuss the results.

    Conference Call Information:

    Toll Free (North America):                                  866-696-5896
    International:                                           +1 416-641-6108
    Participant Audio Webcast:                                www.yamana.com

    Conference Call REPLAY:
    Toll Free Replay Call
     (North America):                          800-408-3053 Passcode 3266333
                                                  followed by the number sign
    Replay Call:                            +1 416-695-5800 Passcode 3266333
                                                  followed by the number sign

    The conference call replay will be available from 1:00 p.m. EST on August
7, 2008 until 11:59 p.m. E.T. on August 21, 2008.
    For further information on the conference call or audio webcast, please
contact the Investor Relations Department or visit our website,

    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, Central America and the
United States. Yamana is producing gold and other precious metals at
intermediate company production levels in addition to significant copper
production. Company management 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, Chile 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, information contained herein
constitutes forward-looking statements, including any information as to our
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 possible variations in ore grade or recovery rates,
fluctuating metal prices (such as gold, copper, silver and zinc), prices for
sulfuric acid and currency exchange rates (such as Brazilian Real versus the
US Dollar), changes in the Company's hedging program, changes in accounting
policies, changes in the Company's corporate resources, changes in project
parametres, changes in project development and production time frames, the
possibility of project cost overruns or unanticipated costs and expenses,
higher prices for fuel, steel, power, labour and other consumables
contributing to higher cash costs and general risks of the mining industry,
failure of plant, equipment or processes to operate as anticipated, unexpected
changes in levels of sustainability of production, successful completion and
operation of the ore pass at Gualcamayo, final pricing for concentrate sales,
unanticipated results of future studies, seasonality and unanticipated weather
changes, 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. 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 presently for
the purpose of assisting investors in understanding the Company's expected
financial and operational performance and results as at and for the periods
referenced and may not be appropriate for other purposes.

For further information:

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

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