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TORONTO, ONTARIO–(Marketwired – May 13, 2014) – YAMANA GOLD INC.
(TSX:YRI)(NYSE:AUY)
(“Yamana” or “the Company”) today
announced Daniel Racine has joined the Company’s senior management as Senior
Vice President, Canadian Operations and Mine Planning & Development,
effective immediately. Mr. Racine most recently held the position of President
and Chief Operating Officer forBrigus Gold Corporation (“Brigus”).
Prior to that role, Mr. Racine was Senior Vice President Mining at Agnico Eagle
Mines Limited (“Agnico”) where he oversaw Agnico’s global mining
operations. Mr. Racine joined Agnico in 1988 as a junior mining engineer and
over his tenure progressively took on more responsibility including positions
as Mine Manager at Laronde, Vice President Operations and Senior Vice President
Operations. Mr. Racine has over 25 years of experience in the Canadian mining
industry with extensive experience in Quebec.

In his new role, Mr. Racine will be responsible for all mining
operations in Canada and will champion the strategy for growth of the Canadian
project portfolio. In addition, Mr. Racine will be responsible for formulating
strategic objectives and direction, and will provide technical support to all
of Yamana’s operations.

“We are pleased to have Daniel join us as we enter a new, world
class mining jurisdiction where he has extensive operational and managerial
experience. His expertise in Canada, and more specifically Quebec, will be a
significant asset as we establish and increase our presence there,” said
Peter Marrone, Chairman and Chief Executive Officer. “Daniel will also be
providing oversight and guidance in mine planning and development at our other
operations. They will benefit from his impressive expertise and his underground
and open pit experience will be invaluable. Daniel is a very welcome addition
to our management.”

Mr. Racine holds a Bachelor’s degree in Mining Engineering from Laval
University, and is a member of L’Ordre de Ingenieurs du Quebec (OIQ) and
Professional Engineers of Ontario (PEO).

About Yamana

Yamana is a Canadian-based gold producer with significant gold
production, gold development stage properties, exploration properties, and land
positions throughout the Americas including Brazil, Argentina, Chile and
Mexico. Pending completion of a plan of arrangement relating to the purchase of
Osisko Mining Corporation, the Company will also have significant precious
metals properties in Canada. Yamana plans to continue to build on this base
through existing operating mine expansions, throughput increases, development
of new mines, the advancement of its exploration properties and by targeting
other gold consolidation opportunities with a primary focus in the Americas.


FOR FURTHER INFORMATION PLEASE CONTACT:


Yamana Gold Inc.

Lisa Doddridge, Vice President,

Corporate Communications and Investor Relations

416-815-0220 or 1-888-809-0925

[email protected]

 

 

 

 

Source: Yamana Gold Inc.

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