Goldgroup Announces Additional Positive Drill Results

Goldgroup Mining Inc. is pleased to announce that additional drill holes at the Company’s 100%-owned Caballo Blanco gold project in Veracruz, Mexico have yielded significant gold intercepts, expanding the La Paila oxide gold zone to the southwest. All ten drill holes reported below are part of the ongoing diamond drilling program to define the La Paila Zone at Caballo Blanco. Of the ten drill holes reported below, eight of these drill holes were used to expand the southwestern flank of the La Paila Zone, as the zone currently remains open in this direction.

Aurcana Reports: Record Silver Production at La Negra.

Aurcana Corporation is pleased to report silver production for Q4 2011 of 265,230 ounces, the largest quarter for silver production in Aurcana history, compared to 251,020 in Q4 2010. Silver production for 2011 increased 20.1% to 1,007,256 ounces compared to 838,077 ounces in 2010. Silver Equivalent increased 28.3% to 1,737,203 for 2011, compared to 1,354,315 in 2010.

Yamana Provides 2011 Operating Results, Outlook for 2012-2014

TORONTO, ONTARIO–(Marketwire – Jan. 11, 2012) – YAMANA GOLD INC. (TSX:YRI)(NYSE:AUY)(LSE:YAU) (“Yamana” or “the Company”) today provided operational results for the full year 2011 and updated the Company’s outlook for 2012 – 2014.

2011 OPERATIONAL HIGHLIGHTS

Bearing Advances Parrandera Gold-Copper Project, Durango, Mexico; Adit Channel Samples Return 20 Metres Grading 2.58 g/t Gold & 0.33% Copper

Bearing Resources Ltd. is pleased to announce results from its Parrandera gold-copper (+/-zinc +/-silver) prospect in the Mapimi area of northeast Durango, Mexico. Sampling from an adit constructed by historic miners returned a 20 metre weighted average interval grading 2.58 g/t gold and 0.33% copper. Samples collected the full length of the 92.73 metre long adit returned a weighted average of 0.86 g/t gold and 0.15% copper.

Goldcorp Meets 2011 Expectations

With a record gold production of 2.51 million ounces, Goldcorp’s 2011 production costs are estimated to total approximately $220 per ounce.

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