Yamana Gold announces the first results of public offerings on some of its outstanding public notes NYSE: AUY

TORONTO, July 19, 2019 (GLOBE NEWSWIRE) – YAMANA GOLD INC. (TSX: YRI; NYSE: AUY) ("Yamana" or "the Company") announced today the first results of its previously announced public tender offer% of senior notes due 2024 and 4.625% Senior Notes due 2027 (collectively, the "Public Notes"). According to information received from DF King & Co., Inc., information agent for the takeover bid, at 6:00 pm, New York time, July 18, 2019, the notes following public have been added to the public tender offer:

The take-over bid is made pursuant to Yamana's offer to purchase dated July 5, 2019 (the "Offer to Purchase"), in which Yamana also offered to purchase multiple series of its other senior notes, which are mentioned in the Buy offer as private notes. As indicated in the offer to purchase, if an aggregate principal amount of $ 415,000,000 or more is deposited as part of the tender offer, Yamana will not accept any offer of public notes. In addition, the principal amount of each series of public notes purchased as part of the public tender offer will be determined in accordance with the acceptance priority level (in numerical order of priority) specified herein. -above.

Public notes valued at $ 462,420,000 deposited under this offer substantially exceed the $ 415,000,000 available to public noteholders. This positions the company well in achieving its goal of significantly reducing outstanding debt and therefore significantly improving its financial position in order to pursue organic growth and create value creating opportunities.

For all the details regarding the public offer of purchase on public tickets and private tickets, investors are advised to refer to the purchase offer. Requests for documents and questions regarding the provision of public notes may be addressed to DF King & Co., Inc. either by e-mail at [email protected] or by telephone at 212-269- 5550 (for banks and brokers only) or (866) 521-4487 (for all others without fees). Questions regarding the submission of private tickets can be directed to AST Trust Company (Canada) by phone at (416) 682-3860 or by phone at 1-800-387-0825 (toll-free). Yamana expressly reserves the right, in its sole discretion, subject to applicable law, to terminate or amend the public offer for Public Notes.

This press release does not constitute an offer to sell or purchase, solicitation of an offer to sell or purchase, or solicitation of offers in respect of the Notes. No offer, solicitation, purchase or sale will be made in a jurisdiction where such an offer, solicitation or sale would be illegal. The tender offers are issued only under the terms of the offer to purchase and the related mailing letter made available to the holders of the Notes. Neither Yamana nor any other person or entity referred to herein or in the Offer to Purchase made any recommendation as to whether or not the Holders should refrain from depositing all or part of their public tickets or their private tickets. Holders are urged to carefully review all the information contained in the offer to purchase and the corresponding mailing letter, consult with their own investment advisers and tax advisors and take their advice. own decisions as to the advisability of delivering public tickets or private notes and, where appropriate, their capital. .

About Yamana

Yamana is a gold producer based in Canada, with significant gold production, gold development properties, exploration properties and land positions throughout the Americas, including Canada, Brazil , Chile and Argentina. Yamana expects to continue to build on this base through operational mine expansions, throughput increases and optimizations, development of new mines, development of its exploration properties, and sometimes by targeting other gold consolidation opportunities targeting primarily the Americas.

FOR MORE INFORMATION, PLEASE CONTACT:

Investor Relations and Corporate Communications
416-815-0220
1-888-809-0925
E-mail: [email protected]

(All amounts are in United States dollars unless otherwise indicated.)
DISCLAIMER OF FORWARD-LOOKING STATEMENTS: This press release contains or incorporates by reference "forward-looking statements" and "forward-looking information" under applicable Canadian securities legislation within the meaning of the US Securities Act, 1995 (Private Securities Litigation Reform Act). The information sought includes, but is not limited to, information relating to the completion of take-over bids, the reduction of the Company's stock, the strategy, the projects or the future financial or operating results of the company. Forward-looking statements are characterized by words such as "plan", "expect", "budget", "target", "project", "intent", "believe", "anticipate", "estimate" and "expect". other similar terms, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on management's beliefs, badumptions and estimates that are believed to be reasonable as of the date they are made, and are inherently subject to various known and unknown risks and uncertainties and other factors that could cause events to occur. or actual results. differ significantly from those projected in the forward-looking statements. These factors include the Company's expectations regarding plans to continue to operate the Company's existing base through operational mine expansions, increased throughput, development of new mines advancement of its exploration properties and, sometimes, by targeting other opportunities for gold consolidation. with a main objective in the Americas; the expectations of the company with regard to takeover bids and the corresponding reduction in its outstanding amount; as well as the risk factors referred to or referred to herein and in the Company's Annual Information Form filed with the securities regulatory authorities in all provinces of Canada and available at www.sedar.com, as well as in the Annual Report on Form 40 – F filed with the US Securities and Exchange Commission. Although the Company has attempted to identify important factors that may result in actions, events or results that are different from those described in the forward-looking statements, including market conditions, stock prices and the timing of the transaction. The best use of available cash and other factors may also be the cause of unanticipated, estimated or anticipated actions, events or results. There can be no badurance that forward-looking statements will prove to be accurate because actual results and future events could differ materially from those anticipated in such statements. The Company badumes no obligation to update forward-looking statements if circumstances or management's estimates, badumptions or beliefs change, except as required by applicable law. The reader is cautioned not to place undue reliance on forward-looking statements. The forward-looking information contained in this document is presented for the purpose of badisting investors in understanding the Company's plans and objectives with respect to public offerings and may not be appropriate for other purposes.