Day: January 11, 2012

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.

La Bandera Drilling Update

Aurion Resources Ltd. is pleased to report that it’s partner AuRico Gold Inc has advised Aurion it commenced diamond drilling at La Bandera in late November and to date has completed seven diamond drillholes comprising approximately 3300 m of a proposed 6800 m program on Aurion’s wholly owned La Bandera gold project in Durango, Mexico. Assays are pending but will be reported at the end of the drill program when all assays and results have been received and compiled.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.