Total production Jill Scott at Chapada in 2009 isexpected to be between

Total production studies beautifully human jill scott at Chapada jill sobule examines in 2009 isexpected to be between 140,000 to 155,000 ounces of gold and 145 to 150million pounds of copper at a cash cost of between $275-305 per ounce ofgold and between $0.90 -1.00 per pound of copper, respectively. El Penon,ChileDuring the fourth quarter of 2008, the Company received the license toincrease throughput at El Penon to 3,600 tonnes per day. The Companyexpects to be mining at an effective rate of 500,000 GEO per year in2009, targeting production of approximately 435,000 to 460,000 GEO andthe creation of a stockpile. For the month of December 2008, averagetonnage increased to approximately 110,000 tonnes and production totaledapproximately 36,000 GEOs. The decision to increase plant capacity to5,000 tonnes per day for a run rate of 600,000 GEO per year will dependon further work in the North Block area and additional development atBonanza and Al Este in particular. The Company intends to mine at a rateof 3,600 tonnes per day for the next two years before further increasingplant capacity although it will evaluate the further expansion as theproven and probable reserves increase.

Production at El Penon is expectedto ramp up quarter over quarter as ore grade and throughput increases.Cash costs at El Penon are expected to be between $280-310 per GEO in2009 bedda at home jill scott . The Company believes that significant potential exists at El Penonand has substantially increased budgeted capital expenditures based onvery strong results.Jacobina, BrazilSignificant development work was completed at Jacobina in 2008 jill scoot . In thefourth quarter of 2008, Jacobina reached production levels at the mine of5,000 to 6,000 tpd jill greenberg . Development work for the second phase of expansion toincrease plant capacity to 7,500 tonnes per day advanced during thefourth quarter of 2008 and will continue in 2009 jill scott" "crown royal . The Company expects tobe mining from 9 to 12 stopes at three mines in 2009 (Joao Belo,Canavieiras and Morro do Vento) with further development work at thefourth mine (Basal) progressing during the year. Production and costs maybe improved over current guidance based on work done at Basal.

Asignificant improvement in proven and probable reserves and measured andindicated resources is expected at Jacobina and, while inferred resourceswill decrease, the Company now has a much higher confidence level in thetonnage and grade for reserves and measured and indicated resources best of jill scott . TheCompany remains on track to increase the mining rate from developedstopes and expects to produce approximately 115,000 to 125,000 ounces ofgold in 2009 at a cash cost of between $380-$410 per ounce.Gualcamayo, ArgentinaStart-up and commissioning commenced at Gualcamayo in December 2008 withthe first gold pour at the end of 2008 jane blonde . Completion of the primary crusheris expected by the end of February as planned jill ankrom . The Company iscommissioning the ADR plant and commercial production remains on trackfor the end of the second quarter of 2009 jill niccolini . Gold inventory of minedmaterial exceeded 45,000 ounces at the end of December 2008 and continuesto increase.

The Company has committed to the construction of the AmeliaInes and Magdalena open pit satellite deposits which is expected tocontribute to overall production by second half of 2009 download jill scott . An update to theinitial feasibility study relating to the QDD Lower West deposit isexpected by the end of January 2009 jill clayborn . Total production for the year atGualcamayo is expected to be approximately 195,000 to 210,000 ounces ofgold at a cash cost of between $380-400 per ounce.Minera Florida, ChileCommissioning for the expansion at Minera Florida began during the fourthquarter, resulting in a throughput increase to 2,000 tonnes per day jill clapperton . TheCompany expects to produce approximately 105,000 to 110,000 GEO at MineraFlorida in 2009 at a cash cost of approximately $340-$350 per GEO jill weatherwax . MineraFlorida has the potential to increase annual production to 150,000 GEOwith a change in the mining method to accommodate the recently completedexpansion and mining in narrow veins. The Company will assess thepotential increase to this higher throughput rate after two years ofmining at the current rate.Sao Vicente, BrazilOperations began at Sao Vicente with the first gold pour at the end of2008, and the mine remains on track for commercial production in thesecond quarter of 2009.

Total production from Sao Vicente is expected tobe between 55,000 to 60,000 ounces of gold in 2009.DEVELOPMENT & EXPLORATION PROJECTSAt Gualcamayo, Yamana expects to release a feasibility study update atQDD Lower West by the end of January 2009 with a construction decisionexpected by the end of the year . The Company's Pilar project in Brazilwas virtually unexplored when acquired but has since advanced to be animportant development project for Yamana jill goia . In less than a year, the firstresource estimate of approximately 970,000 ounces was delivered andstrong exploration success is expected to continue jill greenburg . An initialfeasibility study is expected to be released for Mercedes in mid-February.DIVIDENDThe Board of Directors has elected to reduce Yamana's dividend paymentsfrom the current $0.01 per share on a monthly basis to $0.01 per share ona quarterly basis . Yamana's divided yield has been comparatively high andthe reduction will bring the dividend yield in line with its peer group.This reduction will save the Company approximately $58 million in 2009which will be reallocated to development and exploration programs.FINANCIAL RESULTSYamana will release its full fourth quarter financial results includingmineral reserve and mineral resource data after the close of business onMarch 24, 2009 A conference call will follow on March 25, 2009 at 11:00a.m. ET.Conference Call Information:----------------------------Toll Free (North America):1-877-874-1570International:719-325-4765Participant Audio Webcast: Call REPLAY:-----------------------Toll Free Replay Call (North America): 888-203-1112, Passcode: 9627346Replay Call: 719-457-0820, Passcode: 9627346The conference call replay will be available from 1:00 p.m EST onMarch 25, 2009 until 11:59 p.m E.T.