Yamana Announces Termination of the Gold Fields Transaction and Confirms Activation of the Agnico - Pan American Arrangement Agreement

TORONTO, Nov. 08, 2022 (GLOBE NEWSWIRE) -- YAMANA GOLD INC. (TSX: YRI, NYSE: AUY, LSE: AUY) (“Yamana” or the “Company”) is pleased to announce that the arrangement agreement with Agnico Eagle Mines Limited (“Agnico”) and Pan American Silver Corp. (“Pan American”) entered into on November 4, 2022 (the “Agnico – Pan American Arrangement Agreement”) has become effective upon the termination today by Gold Fields Limited (“Gold Fields”) of the arrangement agreement between the Company and Gold Fields entered into on May 31, 2022 (the “Gold Fields Arrangement Agreement”). The terms of the Agnico - Pan American Arrangement Agreement remain the same as previously announced by the Company earlier today, November 8, 2022. A copy of the earlier November 8, 2022 press release is available on the Company’s website at www.yamana.com and under the Company’s SEDAR profile at www.sedar.com.

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