NEWS RELEASE TRANSMITTED BY CCNMATTHEWS

FOR:  YAMANA GOLD INC.

TSX SYMBOL:  YRI

December 1, 2003

Yamana AIM Listing Approved

TORONTO, ONTARIO--Yamana Gold Inc (YRI - TSX) announces approval for listing its common shares on the London
Stock Exchange's Alternative Investment Market (AIM). Trading commenced on AIM on November 28, 2003 under the
symbol "YAU".

FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking statements" within the meaning
of Section 21E of the United States Securities Exchange Act of 1934, as amended. Except for statements of
historical fact relating to the company, certain information contained herein constitutes forward-looking
statements. Forward-looking statements are frequently characterized by words such as "plan," "expect,"
"project," "intend," "believe," "anticipate", "estimate" and other similar words, or statements that certain
events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates
of management at the date the statements are made, and are subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ materially from those projected in the
forward-looking statements. These factors include the inherent risks involved in the exploration and
development of mineral properties, the uncertainties involved in interpreting drilling results and other
ecological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and
expenses, uncertainties relating to the availability and costs of financing needed in the future and other
factors. The Company undertakes no obligation to update forward-looking statements if circumstances or
management's estimates or opinions should change. The reader is cautioned not to place undue reliance on
forward-looking statements.

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FOR FURTHER INFORMATION PLEASE CONTACT:

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

INDUSTRY:  PCS
SUBJECT:   NWS

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                                                                Yamana Gold Inc