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Yamana Gold Inc. (YAU)

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Wednesday 17 May, 2006

Yamana Gold Inc.

Drilling Report



FOR:  YAMANA GOLD INC.

TSX SYMBOL:  YRI
AMEX SYMBOL:  AUY
AIM SYMBOL:  YAU

May 16, 2006

Yamana Announces Positive Drill Results at Canavieiras, C1 Santa Luz and Pau-a-Pique Targets, Brazil

TORONTO, ONTARIO--(CCNMatthews - May 16, 2006) - Yamana Gold Inc. (TSX:YRI)(AMEX:AUY)(AIM:YAU) reports
that it has received additional results from diamond drilling at its Canavieiras project in the
Jacobina Complex, Bahia, the C1 Santa Luz project in the Rio Itapicuru Greenstone Belt (RIGB), Bahia
and Pau-a-Pique in the Santa Elina Gold Belt, Mato Grosso. Yamana holds mineral concessions on three
major Gold Belts in Brazil and an extensive exploration land position in Central America.

These additional results relate to only the current targets, two of which are advanced development
stage projects and another which is a new target on the Santa Elina Gold Belt.

- High grade gold mineralization intersected in southern extension of Canavieiras, including 5.7m @
13.74 g/t, 5.9m @ 10.03 g/t and 3.2m @ 14.29 g/t

- Step out hole 1.6 km south of old workings at Canavieiras confirms major extension of mineralized
stratigraphy and cuts 4.7m @ 6.67 g/t and 15.5m @ 2.52 g/t

- In-fill drilling at C1 Santa Luz confirms higher grade zone in existing resource including 32m @
4.0g/t and 26m @ 3.3g Au/t

- Resource expansion drilling at C1 Santa Luz extends zone to north and northwest; results include 8m
@ 4.6g Au/t

- First two holes at Pau-a-Pique cut 6.5m @ 4.21g/t and 9.5m @ 5.93g/t in well mineralized vertical
shear zone to a depth of 150m

Yamana has budgeted US17.4 million for exploration in 2006 on its extensive land holdings in Brazil
and Central America. These new results continue to confirm the excellent potential to significantly
expand resources and reserves as well as to outline new higher grade deposits. Currently there are 25
drills operating on 9 projects. As additional drilling results are received Yamana will be issuing
regular updates.

More detailed highlights follow:

Canavieiras

At Canavieiras 2,959 m of drilling in six holes have been completed to test the southern extension of
the mineralized conglomerate reefs including a step out hole 1.6 km south of the old workings. Table 1
below lists significant results and Figure 1 shows the location of the drill holes including the step
out hole. Highlights from these holes are as follows (all widths are true widths):

Hollandez reef (approx. 130 metres above Piritoso-Liberino reefs previously mined to the north)

- CAN-115: 3.2m @ 14.29 g Au/t (11.22 g Au/t with highs cut to 30 g/t;)

- CAN-116: 7.2m @ 4.55 g Au/t

- CAN-117: 2.1m @ 6.14 g Au/t

- CAN-119: 3.4m @ 4.72 g Au/t

Piritoso-Liberino reefs (southern extension of reefs previously mined)

- CAN-115: 2.3m @16.34 g Au/t (10.32 cut; Piritoso reef)

- CAN-116: 4.5m @ 13.27 g Au/t (8.04 cut; Piritoso reef)

- CAN-117: 1.6m @ 8.03 g Au/t (Liberino reef)

- CAN-117: 5.9m @ 10.03 g Au/t (8.46 cut; Piritoso reef)

- CAN-118: 5.7m @ 13.74 g Au/t (12.19 cut; Piritoso reef)

MU reef (approximately 50m below reefs previously mined

- CAN-119: 15.9m @ 3.24 g Au/t (3.15 cut) incl. 3.7m @ 10.24 g Au/t (9.85 cut)

Step-out Hole 1.6km south of old mine workings

- CAN-120: 4.7m @ 6.67 g Au/t (2.79 cut; Maneira reef)

- CAN-120: 15.5m @ 2.52 g Au/t incl. 6.8m @ 3.04 g Au/t (MU reef)

- CAN-120: 7.3m @ 1.89 g Au/t (Hollandez Reef)

These new drill results continue to confirm the excellent potential to outline a substantial higher
grade deposit at Canavieiras. Yamana is currently reviewing options to provide underground access to
facilitate further drilling and future development as well as expanding the exploration of the full 3
km strike length of this belt.

The former Canavieiras mine is located 3km north of the Jacobina mine processing plant. Past
production, primarily from the Piritoso and Liberino conglomerate reefs was 458,247 tonnes at a grade
of 8.65 g Au/t. Measured and indicated mineral resources at Canavieiras, mainly in recently discovered
conglomerate layers 50-100 m below the old mine workings are 1,990,000 tonnes at 3.54 g Au/t
containing 227,000 ounces. Inferred mineral resources are estimated at 6,900,000 tonnes grading 3.29 g
Au/t containing 730,000 ounces (see Desert Sun Mining press release December 20, 2005). The resources
are open along strike to the south and down dip to the east.

The conglomerates in the Canavieiras mine area are in the top of the stratigraphic sequence of the
Serra do Corrego Formation close to the upper contact with the quartzites of the Rio do Ouro
Formation. Geological mapping by Yamana and previous workings indicates that the favourable
stratigraphy may extend as much as 3km south of the old mine with a target zone up to 500 m wide.
Geostatistical analysis of assay data indicates that there are two principal mineralizing events -- an
early north-south trending quartz-pyrite-gold stage that is overprinted by a later, higher grade
northwest-southeast trending hematite-quartz-gold stage. This later, higher grade stage of
mineralization is also present in the FW reef zone at the Jacobina Mine, in the Main Reef zone
previously mined at Morro do Vento and at Pindobacu, 50 km north of Jacobina.

At Canavieiras, holes CAN-116-119 were drilled from an old adit (Galleria 6) located 230m south of the
old mine workings. CAN-115 was collared at surface midway between the adit and south end of the old
mine workings. Hole CAN-120 was a surface step-out hole collared 1.8km south of the old Canavieiras
mine workings to test the favourable stratigraphy that is exposed in outcrop and has a number of
garimpeiro (free or artisanal miner) workings.

The two reefs previously mined, Piritoso and Liberino, were typically 1-2 m thick and are separated by
10-20m of quartzite. In the south extension, new drilling indicates that the thickness of the Piritoso
reef increases to an average of 5-6m while still maintaining the high grades (10-13 g Au/t uncut; 8--
12 g Au/t with highs cut to 30 g Au/t) typical of the Piritoso reef at the old mine. The MU reef which
is approximately 50m below the reefs previously mined was intersected in CAN-119 and returned 3.24 g
Au/t (3.15 g/t cut) over 15.9 m true width including 10.24 g Au/t (9.85 cut) over 3.7 m true width in
CAN-119. This reef was not intersected in holes CAN-116-118 because of faulting which has likely
offset this target reef deeper to the east.

Drilling is continuing at Canavieiras with one underground and one surface drill rig. The Yamana
mining and exploration team is preparing a comprehensive exploration and development plan for
Canavieiras to evaluate the economics of exploiting the current mineral resources and to provide
underground access to facilitate more efficient drill testing of the many target areas. Further step-
out drilling is planned to evaluate the potential of the full 3 km strike length.

C1-Santa Luz

Infill and resource expansion drilling program is currently in progress at C1 Santa Luz located 60 km
north of Yamana's Fazenda Braziliero Mine in the RIGB. Year to date 12,800 m in 41 diamond drill holes
have been completed. Results of infill drilling have confirmed the existence of higher grade zones
inside the previously defined resource (see press release December 15, 2005), as per example holes
MP111 with 26 m @ 3.3g Au/t (to 360 m depth) and MP059 with 3 2m @ 4.0g/t (up to 170m) located at
north and centre of the resource area, respectively. Step out drilling program results have confirmed
the continuity of the mineralized zone towards the northwest, outside the previously defined resource
area, as per example hole MP-075 with 8 m @ 4.6g Au/t (to 265 m depth). Table 2 lists significant
results of the drilling and Figure 2 is a plan map showing the locations of the drill holes.

Highlights from both infill and expansion drilling are as follows:

/T/

----------------------------------------------------------------------
Hole         Best Intersections (Bottom Depth; Core length essentially
              equal to true width)
----------------------------------------------------------------------
MP-56        9.0 m @ 9.47g/t (203 m) incl. 6.6 m @ 12.3g/t
----------------------------------------------------------------------
MP-59        32.8 m @ 4.00g/t (170.05 m) incl. 13.0 m @ 6.89g/t
----------------------------------------------------------------------
MP-60        19.4 m @ 2.10g/t (223.20 m) incl. 12.0 m @ 2.70
----------------------------------------------------------------------
MP-62        16.0 m @ 3.18g/t (154 m) incl. 7 m @ 4.83g/t
----------------------------------------------------------------------
MP-63        29.0 m @ 1.63g/t (84 m) incl. 7 m @ 3.49g/t
----------------------------------------------------------------------
MP-65        28.4 m @ 1.78g/t (165.72 m) incl. 3.25 m @ 4.9g/t
----------------------------------------------------------------------
MP-69        24.6 m @ 1.43g/t (269.21 m) incl. 10.5 m @ 2.34g/t
----------------------------------------------------------------------
MP-71        9.43 m @ 4.56g/t (501 m) incl. 4.84 m @ 6.37g/t
----------------------------------------------------------------------
MP-75        8.6 m @ 4.62g/t (295.55 m)
----------------------------------------------------------------------
MP-79        5.0 m @ 6.29g/t (133 m)
----------------------------------------------------------------------
MP-82        36.5 m @ 1.82g/t (237.43 m) incl. 12.3 m @ 2.8g/t
----------------------------------------------------------------------
MP-83        23.4 m @ 5.55g/t (74.4 m) incl. 10.9 m @ 10.60
----------------------------------------------------------------------
MP-89        20.0 m @ 1.68g/t (269 m) incl. 9.1 m @ 2.82g/t
----------------------------------------------------------------------
MP-92        7.0 m @ 10.28g/t (288 m) incl. 2.75 m @ 25.03g/t
----------------------------------------------------------------------
MP-93        16.0 m @ 2.72g/t (273.3 m) incl. 4.3 m @ 5.82g/t
----------------------------------------------------------------------
MP-94        19.25 m @ 2.5g/t (269,2 m) incl. 12.2 m @ 2.95g/t
----------------------------------------------------------------------
MP-95        4.55 m @ 3.19g/t (305 m)
----------------------------------------------------------------------
MP-111       26.0 m @ 3.33g/t (362.4 m) incl. 9.1 m @ 4.48g/t
----------------------------------------------------------------------
MP-117       7.7 m @ 0.55g/t (725.72 m)
----------------------------------------------------------------------

/T/

The results at C1 Santa Luz supports the view that the resources are more than reported in the initial
scoping study and that the potential operation at C1 Santa Luz will be larger than originally
envisaged. A feasibility study is planned for early in 2007.

Drilling at C1 Santa Luz is continuing with seven drill rigs. Exploration of satellite targets is also
underway through geological mapping, chip/soil sampling and RAB drilling. The most advanced target is
the Mansinha trend, which is a 9 km trending shear zone with several deposits partially mined by
former operators. These targets are located at a minimum distance of 2 km (southern edge) and a
maximum distance of 10 km (northern edge) from C1 Santa Luz. RAB results and geological mapping have
confirmed the continuity of the mineralization along this trend. Mineralization occurs within a quartz
vein zone averaging 10 metres in thickness associated with dioritic intrusions in a contact zone
between volcaniclastic and sedimentary sequences.

Pau-a-Pique (Santa Elina Gold Belt)

At Pau-a-Pique, located 120km km south of Yamana's Sao Franciso Mine in the Santa Elina Gold Belt,
Hole PQ-01 intersected 13.0 m @ 4.21g/t (true thickness of 6.50 m) and hole PQ-02, 21.80 m @ 5.93g/t
(true thickness of 9.50 m) in a north-south striking, near vertical shear zone adjacent to an old
garimpos (free miners) pit. The hydrothermal alteration zone that is related to this shear zone and
hosts the mineralization is located on the boundary between local basement tonalites and
metaconglomerates of the Proterozoic Aguapei Group as shown in Figure 3. The alteration is
characterized by the presence of sericite, magnetite, quartz, pyrite and gold. In both holes the best
grades are closely related to the pyrite content. Pyrite occurs both as fresh cubic crystal from a few
millimeters to 3 centimetres in width as well in clusters within quartz. The holes tested the
structure to a depth of 150m below surface. Further drilling is in progress.

Yamana's unique circumstance is that with such a dominant land position in an area where it is mining
with existing infrastructure, it has many opportunities for new discoveries.

Assaying for all of the programs was carried out by Lakefield Geosol, an ISO 9001, 2000 laboratory
based in Belo Horizonte, Brazil, using fire assay on 50 gram pulps. Samples for the RIGB and Pau-a-
Pique projects were initially prepared in local preparation facilities following procedures setup by
Yamana's sampling consultants. An industry standard QA/QC program is active on all sites. Security is
maintained at the core logging and sampling facilities. Dr. Bill Pearson, P.Geo. is the Qualified
Person as defined under National Instrument 43-101 responsible for the scientific and technical work
on the exploration program at Canavieiras. Dr. Evandro Cintra, Vice President, Exploration is the
Qualified Person responsible for the exploration programs in RIGB and Pau-a-Pique.

Yamana is a Canadian gold producer with significant gold production, gold and copper-gold development
stage properties, exploration properties and land positions in Brazil and Central America. Yamana
expects to produce gold at intermediate company production levels by 2006 in addition to significant
copper production by 2007. Company management plans to build on this base through the advancement of
its exploration properties and by targeting other gold consolidation opportunities in Brazil and
elsewhere in Latin America.

FORWARD-LOOKING STATEMENTS: This news release contains "forward-looking statements", within the
meaning of the United States Private Securities Litigation Reform Act of 1995 and similar Canadian
legislation, concerning the business, operations and financial performance and condition of Yamana
Gold Inc. Forward-looking statements include, but are not limited to, statements with respect to
estimated production, synergies and financial impact of the proposed transaction; the benefits of the
proposed transaction and the development potential of Yamana's properties; the future price of gold
and copper; the estimation of mineral reserves and resources; the realization of mineral reserve
estimates; the timing and amount of estimated future production; costs of production; capital
expenditures; success of exploration activities; permitting time lines and permitting, mining or
processing issues; currency exchange rate fluctuations; government regulation of mining operations;
environmental risks; unanticipated reclamation expenses; title disputes or claims; and limitations on
insurance coverage. Generally, these forward-looking statements can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that certain actions, events or results
"may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking
statements are based on the opinions and estimates of management as of the date such statements are
made, and they are subject to known and unknown risks, uncertainties and other factors that may cause
the actual results, level of activity, performance or achievements of Yamana to be materially
different from those expressed or implied by such forward-looking statements,
 including but not limited to risks related to: unexpected events during construction, expansion and
start-up; variations in ore grade, tonnes mined, crushed or milled; variations in relative amounts of
refractory, non-refractory and transition ores; delay or failure to receive board or government
approvals; timing and availability of external financing on acceptable terms; the business of Yamana
not being integrated successfully or such integration proving more difficult, time consuming or costly
than expected; not realizing on the anticipated benefits from acquisition transactions or not
realizing on such anticipated benefits within the expected time frame; risks related to international
operations; actual results of current exploration activities; actual results of current reclamation
activities; conclusions of economic evaluations; changes in project parameters as plans continue to be
refined; future prices of gold and copper; possible variations in ore reserves, grade or recovery
rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes
and other risks of the mining industry; delays in the completion of development or construction
activities, as well as those factors discussed in or referred to in the current annual Management's
Discussion and Analysis and current Annual Information Form of Yamana filed with the securities
regulatory authorities in Canada and available at www.sedar.com, and Yamana's Annual Report on Form 40-
F, filed with the United States Securities and Exchange Commission. Although management of Yamana has
attempted to identify important factors that could cause actual results to differ materially from
those contained in forward-looking statements, there may be other factors that cause results not to be
as anticipated, estimated or intended. There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward-looking statements. Yamana
does not undertake to update any forward-looking statements that are incorporated by reference herein,
except in accordance with applicable securities laws.

Mineral resources which are not mineral reserves do not have demonstrated economic viability. Readers
should refer to the respective Annual Information Forms of Yamana for the year ended December 31,
2005, and other continuous disclosure documents filed by the Company available at www.sedar.com, for
further information relating to the mineral resources and mineral reserves.

Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred
Resources: This news release uses the terms "Measured", "Indicated" and "Inferred" Resources. United
States investors are advised that while such terms are recognized and required by Canadian
regulations, the United States Securities and Exchange Commission does not recognize them. "Inferred
Mineral Resources" have a great amount of uncertainty as to their existence, and as to their economic
and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will
ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources
may not form the basis of feasibility or other economic studies. United States investors are cautioned
not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted
into Mineral Reserves. United States investors are also cautioned not to assume that all or any part
of an Inferred Mineral Resource exists, or is economically or legally mineable.

/T/

Table 1: Summary of Significant Drilling Results, for Canavieiras to
 May 10, 2006

Hole (1)  From           To Length   True  Gold      Reef   Depth (2)
                                    Width  (g/t)          Below 570L
CAN-115
 (3)    116.75       124.28   7.53    3.2 14.29  Holandez         45
        highs cut to 30 g/t
        155.92       157.79   1.87    0.8  1.81  Liberino         89
        173.50       178.99   5.49    2.3 16.34  Piritoso         95
        highs cut to 30 g/t               10.32
        MU and LU reefs not intersected due to faulting and intrusive

CAN-116   0.00         1.10   1.10    1.1  1.42   Maneira  70m above
         76.03        83.45   7.42    7.2  4.55  Holandez          9
        198.70       201.00   2.30    2.2  4.58  Liberino        125
        218.37       223.00   4.63    4.5 13.27  Piritoso        145
        highs cut to 30 g/t                8.04
        MU and LU reefs not intersected due to faulting

CAN-117   0.00         2.37   2.37    2.3  1.89   Maneira  70m above
         80.75        82.94   2.19    2.1  6.14  Holandez  10m above
        211.27       213.06   1.79    1.7  1.53  Holandez        130
        248.87       250.55   1.68    1.6  8.03  Liberino        165
        271.68       277.85   6.17    5.9 10.03  Piritoso        190
        highs cut to 30 g/t                8.46
        MU and LU reefs not intersected due to faulting

CAN-118   0.00         1.50   1.50    1.4  2.51   Maneira  70m above
        138.95       139.93   0.98    0.9  3.26  Holandez         60
        187.65       188.62   0.97    0.9  2.51  Liberino        105
        198.52       204.46   5.94    5.7 13.74  Piritoso        120
        highs cut to 30 g/t               12.19
        MU and LU reefs not intersected due to faulting

CAN-119   1.20         3.30   2.10    1.2  2.50   Maneira  70m above
        147.00       153.14   6.14    3.4  4.72  Holandez         80
        254.04       254.84   0.80    0.4  4.86  Liberino        183
        290.83       293.26   2.43    1.3  1.31  Piritoso        225
        337.42       366.24  28.82   15.9  3.24  MU total        278
        highs cut to 30 g/t                3.15
  incl. 386.28       392.96   6.68    3.7 10.24        MU        290
        highs cut to 30 g/t                9.85

CAN-120 197.58       204.65   7.07    4.7  6.67   Maneira  33m above
        highs cut to 30 g/t                2.79
        350.55       361.40  10.85    7.3  1.89  Holandez        125
  incl. 350.55       351.44   0.89    0.6  4.78  Holandez        120
  incl. 360.43       361.40   0.97    0.6 12.56  Holandez        130
        373.23       374.99   1.76    1.2  2.06  Holandez        150
        390.78       413.84  23.06   15.5  2.52  MU Total        190
  incl. 390.78       401.00  10.22    6.8  3.04        MU        170
  incl. 405.60       413.84   8.24    5.5  3.12        MU        175
  incl. 409.86       413.84   3.98    2.7  5.76        MU        185
        419.14       420.55   1.41    0.9  1.76        LU        194
        Piritoso and Liberino reefs not intersected due to faulting
(1) all holes are NQ core size; CAN 116 to -119 were drilled from
     Galleria 6
(2) depth calculated based on midpoint of intersection
(3) hole drilled in December 2005

Table 1A: Collar Coordinates and Lengths of New Drill Holes,
 Canavieiras

Hole        Easting     Northing     Elev.     Length      Az     Dip
CAN-115      335166      8757925       647     365.30      64     -86
CAN-116      335267      8757854       641     373.00     259     -78
CAN-117      335261      8757851       641     390.90     228     -68
CAN-118      335262      8757853       641     307.50     305     -67
CAN-119      335262      8757852       642     578.40     153     -85
CAN-120      335474      8756332       801     646.40     275     -88

Table 2: Summary of Significant Drilling Results, for C1-Santa Luz to
 May 10, 2006

-----------------------------------------------------
Hole           From           To     Width       Gold
                                                (g/t)
-----------------------------------------------------
MP-059       106.44       110.87      4.43       1.03
-----------------------------------------------------
             137.30       170.05     32.75       4.00
-----------------------------------------------------
  incl.      138.40       151.37     12.97       6.89
-----------------------------------------------------
MP-083        51.00        74.40     23.40       5.55
-----------------------------------------------------
  incl.       63.52        74.40     10.88      10.60
-----------------------------------------------------
MP-056       194.00       203.05      9.05       9.47
-----------------------------------------------------
  incl.      194.00       200.60     12.30       6.60
-----------------------------------------------------
MP-111       336.35       362.40     26.05       3.33
-----------------------------------------------------
  incl.      353.32       362.40      9.08       4.48
-----------------------------------------------------
MP-094       250.00       269.25     19.25       2.50
-----------------------------------------------------
  incl.      254.54       266.75     12.21       2.95
-----------------------------------------------------
MP-062       138.00       154.00     16.00       3.18
-----------------------------------------------------
  incl.      146.95       154.00      7.05       4.83
-----------------------------------------------------
MP-063        55.00        84.00     29.00       1.63
-----------------------------------------------------
  incl.       77.00        84.00      7.00       3.49
-----------------------------------------------------
MP-082       200.90       237.43     36.53       1.82
-----------------------------------------------------
  incl.      204.00       216.34     12.34       2.80
-----------------------------------------------------
MP-060       203.85       223.20     19.35       2.10
-----------------------------------------------------
  incl.      207.00       219.00     12.00       2.70
-----------------------------------------------------
MP-089       225.83       237.28     11.45       1.13
-----------------------------------------------------
  incl.      249.00       269.00     20.00       1.68
-----------------------------------------------------
  incl.      255.93       265.00      9.07       2.82
-----------------------------------------------------
MP-093       257.27       273.30     16.03       2.72
-----------------------------------------------------
  incl.      269.00       273.30      4.30       5.82
-----------------------------------------------------
MP-069       244.57       269.21     24.64       1.43
-----------------------------------------------------
  incl.      255.05       265.55     10.50       2.34
-----------------------------------------------------
MP-071       491.41       500.84      9.43       4.56
-----------------------------------------------------
  incl.      496.00       500.84      4.84       6.37
-----------------------------------------------------
MP-079        96.00       101.00      5.00       3.25
-----------------------------------------------------
  incl.      128.00       133.00      5.00       6.29
-----------------------------------------------------
MP-095       300.45       305.00      4.55       3.19
-----------------------------------------------------
MP-075       251.00       268.00     17.00       1.42
-----------------------------------------------------
  incl.      287.00       295.55      8.55       4.62
-----------------------------------------------------
  incl.      253.00       258.00      5.00       2.14
-----------------------------------------------------

-----------------------------------------------------
MP-095       300.45       305.00      4.55       3.19
-----------------------------------------------------
Hole           From           To     Width       Gold
                                                (g/t)
-----------------------------------------------------
MP-065       137.31       165.72     28.41       1.78
-----------------------------------------------------
  incl.      138.30       141.55      3.25       4.90
-----------------------------------------------------
  incl.      156.00       162.50      6.50       2.08
-----------------------------------------------------
MP-088       150.00       154.00      4.00       1.06
-----------------------------------------------------
  incl.      195.75       202.48      6.73       0.79
-----------------------------------------------------
  incl.      225.00       229.18      4.18       2.43
-----------------------------------------------------
MP-066       166.00       194.00     28.00       1.74
-----------------------------------------------------
  incl.      189.90       194.00      4.10       2.86
-----------------------------------------------------
MP-087       161.55       166.00      4.45       2.29
-----------------------------------------------------
  incl.      191.00       197.58      6.58       1.31
-----------------------------------------------------
  incl.      191.00       194.00      3.00       2.24
-----------------------------------------------------
MP-077       356.10       364.00      7.90       1.61
-----------------------------------------------------
  incl.      356.10       359.95      3.85       2.16
-----------------------------------------------------
MP-072       387.13       391.00      3.87       2.97
-----------------------------------------------------
             398.00       408.00     10.00       2.00
-----------------------------------------------------
  incl.      398.00       401.54      3.54       2.77
-----------------------------------------------------
MP-057       233.00       243.00     10.00       1.70
-----------------------------------------------------
  incl.      240.85       243.00      2.15       4.42
-----------------------------------------------------
MP-058        90.00       113.00     23.00       1.20
-----------------------------------------------------
  incl.       90.85        96.00      5.15       1.86
-----------------------------------------------------
MP-064       103.00       138.25     35.25       1.39
-----------------------------------------------------
  incl.      107.00       115.00      8.00       1.83
-----------------------------------------------------
  incl.      119.81       131.00     11.19       1.95
-----------------------------------------------------
MP-068       213.00       232.88     19.88       1.22
-----------------------------------------------------
  incl.      223.52       232.88      9.36       1.60
-----------------------------------------------------
MP-073       217.00       228.00     11.00       0.81
-----------------------------------------------------
             255.85       272.00     16.15       1.24
-----------------------------------------------------
  incl.      262.00       269.00      7.00       1.68
-----------------------------------------------------
MP-067       199.00       212.21     13.21       1.37
-----------------------------------------------------
  incl.      205.06       212.21      7.15       1.58
-----------------------------------------------------
MP-080       139.00       145.00      6.00       1.51
-----------------------------------------------------
MP-090       163.00       168.00      5.00       1.45
-----------------------------------------------------
MP-091       231.10       243.60     12.50       0.45
-----------------------------------------------------
  incl.      241.26       243.60      2.34       0.74
-----------------------------------------------------
MP-092       246.28       255.00      8.72       0.79
-----------------------------------------------------
             261.40       271.06      9.66       3.16
-----------------------------------------------------
             281.00       288.00      7.00      10.28
-----------------------------------------------------
  incl.      284.25       288.00      2.75      25.03
-----------------------------------------------------
MP-117       718.00       725.72      7.72       0.55
-----------------------------------------------------
             777.00       779.00      2.00       1.73
-----------------------------------------------------

Table 2A: Collar Coordinates and Lengths of New Drill Holes,
 C1 Santa Luz
--------------------------------------------------------------------
Hole       Easting      Northing    Elev.    Length      Az     Dip
--------------------------------------------------------------------
MP-059       467110      8784500     257     180.00      90     -60
--------------------------------------------------------------------
MP-083       467069      8784116     247      80.00     130     -60
--------------------------------------------------------------------
MP-056       467089      8784560     254     213.55      90     -85
--------------------------------------------------------------------
MP-111       466641      8784500     257     382.95      90     -70
--------------------------------------------------------------------
MP-094       466857      8784500     242     280.00     135     -60
--------------------------------------------------------------------
MP-062       467110      8784459     259     170.00      90     -60
--------------------------------------------------------------------
MP-063       467143      8784199     262      92.05     130     -62
--------------------------------------------------------------------
MP-082       466855      8784392     240     249.51     130     -60
--------------------------------------------------------------------
MP-060       466995      8784500     248     235.00      90     -60
--------------------------------------------------------------------
MP-089       466779      8784350     260     276.10     130     -65
--------------------------------------------------------------------
MP-093       466860      8784500     241     290.00      90     -60
--------------------------------------------------------------------
MP-069       466826      8784465     242     270.00     130     -58
--------------------------------------------------------------------
MP-071       466353      8784843     214     528.75     130     -60
--------------------------------------------------------------------
MP-079       467067      8784214     270     146.80     130     -60
--------------------------------------------------------------------
MP-095       466788      8784500     245     310.00      90     -65
--------------------------------------------------------------------
MP-075       466900      8784659     249     309.30      90     -60
--------------------------------------------------------------------
MP-095       466788      8784500     245     310.00      90     -65
--------------------------------------------------------------------
MP-065       467022      8784301     248     173.20     130     -55
--------------------------------------------------------------------
MP-088       466827      8784319     250     230.00     130     -62
--------------------------------------------------------------------
MP-066       466976      8784340     245     200.00     130     -60
--------------------------------------------------------------------
MP-087       466873      8784280     237     200.00     130     -60
--------------------------------------------------------------------
MP-077       466851      8784758     258     300.00      85     -60
--------------------------------------------------------------------
MP-072       466540      8784685     243     427.15     130     -60
--------------------------------------------------------------------
MP-057       466985      8784561     250     269.65      90     -85
--------------------------------------------------------------------
MP-058       467222      8784501     268     161.65      90     -60
--------------------------------------------------------------------
MP-064       467080      8784253     267     145.03     130     -60
--------------------------------------------------------------------
MP-068       466881      8784420     240     250.00     130     -60
--------------------------------------------------------------------
MP-073       466956      8784659     249     278.50      90     -60
--------------------------------------------------------------------
MP-067       466926      8784382     242     220.00     130     -60
--------------------------------------------------------------------
MP-080       467036      8784240     267     160.20     130     -65
--------------------------------------------------------------------
MP-090       466700      8784136     234     198.60     130     -60
--------------------------------------------------------------------
MP-091       466605      8784216     237     272.80     130     -60
--------------------------------------------------------------------
MP-092       466914      8784561     245     290.00      90     -80
--------------------------------------------------------------------
MP-117       466024      8785119     219     787.55     130     -60
--------------------------------------------------------------------

/T/

Figure 1: Plan map showing location of drill holes including step out hole at Canavieiras (please
click on the link below):

http://www.ccnmatthews.com/docs/yamana1.jpg

Figure 2: Plan map showing locations of new drill holes, C1 Santa Luz: (please click on the link
below):

http://www.ccnmatthews.com/docs/yamana2.jpg

Figure 3: Cross Section of Pau-a-Pique (please click on the link below):

http://www.ccnmatthews.com/docs/yamana3.jpg

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Yamana Gold Inc.
Peter Marrone
President & Chief Executive Officer
(416) 815-0220
investor@yamana.com

Yamana Gold Inc.