Yamana Gold announces the acquisition of the Francoeur, Arntfield and Lac Fortune mining properties near the company’s Wasamac underground mining project. Potential synergies between the properties could bring additional value to the project under development.

Historical data from these new properties and the Wasamac project will be consolidated and exploration activities are expected to start by this fall to better determine mineral resources and synergistic potential, which could extend the life of the Wasamac underground mining project or enhance production.

There may also be synergistic interests with the Wasamac underground mining project currently under development, notably through the reuse of old infrastructure from the acquired properties.

It is important to note that despite this opportunity, the Wasamac underground mining project remains a separate entity. Wasamac is not dependent on the newly acquired properties, even if potential synergies are anticipated.

A thorough review of the 2018 feasibility study allowed Yamana to identify opportunities to optimize the Wasamac project:

As previously reported, details of the final feasibility study update are expected to be available by the end of the summer.

The neighborhood meeting scheduled for this Wednesday will be an opportunity to share this news with the community and answer any questions that may arise, or at least document them if the answers are not yet available.

I am pleased to announce that Jean-Pierre Landry has joined Yamana Gold at the Wasamac Project as Director, Engineering and Construction.

Jean-Pierre brings over 30 years of experience in the construction industry and 17 years project management experience in the mining industry. Jean-Pierre joins us from J.Y. Moreau Electrique Inc. where he was Vice President, Major Projects. He was responsible for leading different projects from the construction and engineering phase and in charge of the bid department. Jean-Pierre is a Civil Engineer with a diverse experience in different mining projects in various locations especially in the Quebec and Ontario regions. Jean-Pierre will be responsible for managing the engineering and infrastructure construction of the Wasamac project. He will be responsible for ensuring that the multidisciplinary construction plan adheres to the highest standards of occupational health, safety and environmental and that the services and products meets budgets and deadline. He will be involved in all levels of the project from the pre-economic analysis, to the feasibility and study phases, as well as execution. Jean-Pierre will be based in Rouyn-Noranda in Quebec and report directly to myself.

Please join me in welcoming Jean-Pierre Landry to Yamana Gold.

Sincerely,

Yohann Bouchard

SVP & COO

Our team is excited to demonstrate the mitigation measures we have put in place for the drilling work being done, and we’ve produced a video to illustrate them.

As you watch, you’ll learn a few basics notions about acoustics, how to recognize the main noise sources, and which mitigation measure we’ve taken to accomplish our drilling work with ten times less noise.

Watch the video below, or in the Exploration Program section of our platform, where we’ve also posted additional information about the drilling work. We want to mention the collaboration of Soft dB and RJLL, whose work made these innovations possible.

We remind you that you can contact us with any concerns or feedback you might have about our drilling activities:

By telephone: 1-833-510-0330

By email: wasamac@yamana.com(External link)

On the platform: www.wasamac.consultations.com

Some thirty people took part in the self-designation meeting of neighbourhood representatives held on April 8 on the Zoom platform. The meeting confirmed the mandate and designated the members and alternates who will meet approximately once a month, with invited resource persons, to discuss the Wasamac underground mining project. Minutes of the Task Force meetings will always be available to the public in the Task Force section of this platform. The minutes of the self-designation meeting have already been posted.

The newly formed Task Force met for their first working session on April 28. The meeting was an opportunity to better get to know each other and to formally agree on operating rules that will allow all parties to participate on the Task Force.

The table below lists the individuals who joined the Task Force upon its creation. Other resource persons will also be invited in keeping with subjects tabled for discussion.

As the Quebec governement announced on May 11^th, there will be investments in facilities in the region, notably for the Centre aquatique de la Ville de Rouyn-Noranda. This funding, granted by Québec, is possible among other things because of the financial participation of Yamana Gold, which supports the project as an executive and exclusive partner, by offering a $2M financial compensation.

At WASAMAC, we hold the view that the construction of an aquatic center in Rouyn-Noranda will contribute to the vitality of the territory and the quality of life of its residents.

After all, the lack of adapted pools to the needs of rouynorandians is obvious. This project represents a solution to this challenge and it will make a difference in the lives of over 43,000 people (youths, families, seniors, athletes, etc.).

We are happy and proud to associate to this structuring project, which falls in our desire to be a leverage for positive change for the collectivity in a perspective of sustainability.

The WASAMAC project gives particular importance to humility, equity, audacity and family in its management philosophy. Our participation to the construction of the Centre aquatique de Rouyn-Noranda is consistent with the values and involvements that we embrace.

A new team member joins Yamana Gold

We are pleased to announce the appointment of Manon Garant to the position of senior project geologist with Yamana Gold.

Manon is originally from Abitibi and has lived in Rouyn-Noranda for years. She earned a diploma in mining technology from Cégep de l’Abitibi-Témiscamingue in Rouyn-Noranda and a Bachelor of Geology from Université du Québec à Chicoutimi. She has worked in the mining industry for 13 years, first as a mining technician and assistant geologist, followed by eight years as a project geologist with Entreprises minières Globex.

Manon has worked in Abitibi, but also in Côte-Nord, Nord-du-Québec, Gaspésie and Charlevoix on gold mining projects and others involving base metals (copper, zinc), lithium and titanium. She has been active at the Canadian Institute of Mining (CIM), Rouyn-Noranda branch, since 2016 and has served as its vice president since December 2019.

In connection with the Wasamac underground mining project, she will be responsible for regional exploration and drilling on the Wasamac property.

Let us all welcome Manon!

We remind you that if you have any questions or comments about the Wasamac underground mining project, you can contact us as follows:

By phone: 1-833-510-0330

By email: wasamac@yamana.com(External link)

Through our online platform: www.consultationswasamac.com

Yamana Gold is proud to support Quebec Mining Week, which runs from April 26 to 30, 2021. The company has published a full-page ad in the special edition of Le Citoyen newspaper, outlining the company’s efforts around the Wasamac underground mining project – an innovative, inclusive project that is well integrated into its physical and human environment.

The special insert can be found here:

https://www.lecitoyenvaldoramos.com/archives-et-cahiers-speciaux/28-04-2021-semaine-miniere-2021(External link)

Please feel free to get in touch with us if you have any questions about the Wasamac project.

By phone: 1-833-510-0330

By email: wasamac@yamana.com

Through our online platform: www.consultationswasamac.com

A series of environmental surveys in the area of the Wasamac underground mining project will begin in connection with the Environmental Impact Assessment (EIA).

The surveys will be carried out by WSP employees or other consultants involved in the EIA. You may now consult the dates and subjects of the various surveys; the information will be posted in the right-hand menu of the Environmental Impact Assessment section of this platform. This section will be updated as campaigns are planned.

Most of the surveys will take place on Yamana property or on public land. With regard to surveys on private property, the owners will be contacted and asked for permission.

Workers who are required to use the area for the studies have been advised to avoid using rang des Cavaliers for their travels and to park on Yamana-owned property whenever possible.

Marcel Saint-Pierre, project superintendent for Yamana, will oversee the field activities.

Please feel free to get in touch with us if you have any questions about the environmental surveys.

By phone: 1-833-510-0330

By email: wasamac@yamana.com(External link)

Through our online platform: www.consultationswasamac.com

Drilling Equipments

We started the exploration program at the end of March. So far, we have drilled two holes on a property located in the Wasamac rural road area. We have already begun to restore the property, as you can see in the attached photo. Our team is currently working in the Wasamac property area a little further south.

Drilling platform prio to the restauration work	Drilling platform after the restauration work
Access road prior the restauration work	Access road after the restauration work

For more details on the first phase of the exploration program, or to give feedback about it, go to the section of the online platform that addresses this topic.

We remind you that if you have any questions or comments about the Wasamac underground mining project, you may contact us as follows:

By phone: 819-763-1085

By email: wasamac@yamana.com(External link)

Through our online platform: www.consultationswasamac.com