At the 16^th meeting of the Wasamac Task Force, the members and resource persons agreed on an agenda that included several topics. Along with the usual updates and follow-ups, a member suggested a discussion on compensation for encroachment or destruction of wetlands. This was prompted by an article questioning the effectiveness of the government's compensation program in recreating wetlands. Martin Duclos, Yamana Gold's director of Health, Safety, Environment and Permits, explained that two types of compensation are available: financial and project-based. He said that the Yamana team is interested in compensation via project – as many local ones as possible – for mining project authorizations. Thus, the discussion was opened to consider projects that the government might deem valid. The group showed an interest in pursuing the topic further in the future and in seeking ideas for projects from the community.

The meeting moved on to project updates, exploration work and prep work relating to advanced exploration. The group also touched on home inspections and upcoming inspections of residential wells identified by the hydrogeological bulk sampling study. A review of several community relations activities and a preview of the next neighbourhood meeting concluded that portion of the discussion.

Next came the results of the satisfaction surveys completed by homeowners who had volunteered to participate in the home evaluation pilot project held as part of the PROPRIO-CHOIX Program consultations. The exercise revealed several areas for improvement and Yamana indicated that the program would be adjusted accordingly. Because the program roll-out also implied a revision of the geographical range of application based on the results of impact assessment (which has been delayed), implementation has been postponed. Yamana is nonetheless committed to acquiring, as planned, the homes of residents who want to move away and who expected to be able to do so as of January 2023. The Task Force’s discussions showed that there is general agreement on assisting neighbourhood homeowners who wish to relocate away from a mine operation and that the approach should be equitable and transparent.

Lastly, the group did a quick check for incoming reports, but as no new reports had been received since the last meeting, only ongoing follow-up was discussed.

To read the detailed report of the meeting: https://www.wasamac-consultations.com/20630/widgets/83491/documents/94511

The Wasamac Task Force held its 15^th meeting on September 28, 2022 at the Club de l’Âge d’Or d’Évain. The purpose of the meeting was to provide an update on the project, the advanced exploration phase, and the community consultation process, and to hear the progress report on the environmental impact assessment (EIA). As the group does each month, they also examined incoming reports from area residents.

The group welcomed new faces: Audrey Boucher, new resident on rang des Cavaliers, taking an alternate’s seat for that sector; and Chantal Vallières, a new community relations officer for Yamana. Jean-François Poulin, director of the environmental impact assessment being conducted by WSP, was also in attendance.

The meeting began with some follow-ups and updates, notably concerning community relations activities, consultations with stakeholders and interested parties, and residential inspections that have been carried out on some 10 properties. Additional information was then presented in a follow-up to the company’s applications for advanced exploration. Martin Duclos, director of Health, Safety, Environment and Permits and Marc-André Lavergne, general manager, regional and Wasamac of Yamana Gold, presented the preliminary intentions for the temporary surface infrastructure site and the tailings facility. Discussions and presentations were focused on water management, tailings disposal, hydrogeological impacts, wetland compensation and access and trucking routes. A schedule of next steps and work up to summer 2023 was also included in the minutes.

Also on the agenda was a progress report on the environmental impact assessment (EIA). First, Martin Duclos explained the decisions and contextual elements that led to delays in the production of the various studies, in particular: relocation of the preferred site for the tailings facility to Aldemac; evaluation of the project based on the assumption of a daily tonnage of 9,000 tonnes; optimization of the engineering; and issues around being the first mining project subject to new federal impact assessment legislation. Jean-François Poulin then reviewed the steps taken thus far, the work in progress, and future deliverables. The consultation and coordination process to determine and improve the project's different mitigation measures will proceed after the initial filing of the EIA during the question-and-answer period with the various government agencies.

To read the detailed report of the meeting:https://www.wasamac-consultations.com/20630/widgets/83491/documents/93095

The 14^th meeting of the Wasamac task force was held on September 14, 2022. The meeting had originally been convened so that members could attend the vibration modelling tests. But a blasting test done a good distance from the residential area, in preparation for the actual tests, was inconclusive from the standpoints of effectiveness and safety (more details here)

In the end, the meeting turned into a BBQ on the site of the future primary surface facilities of the Wasamac underground mining project. The change in plans was explained to the group, which was nonetheless able to watch a driller in action on the Wildcat site. Manon Garant, Exploration Superintendent, and Martin Duclos, Director of Health & Safety, Environment, and Permits, along with the RJLL drill operators, were on hand to field questions.

Kiosks were set up to present the results of community project discussions at the neighbourhood meeting of June 14, 2022. During that meeting, a consensus was reached on two main ideas: upgrading the park on chemin du lac Hélène and protecting and enhancing lac Hélène.

A video summary of the meeting was posted on the Wasamac Facebook page:

https://www.facebook.com/100084910354710/videos/464949868903715

At our last neighbourhood meeting on November 16, a range of topics were discussed, including air, vibration, noise, water and traffic management, and land use planning. The topics were presented by 14 members of the Wasamac underground mining project team. The meeting was intended to be an opportunity for discussion, sharing and gathering comments, suggestions and questions in order to optimize the project before the impact assessment is filed. Virtual reality was used so that residents in attendance could see the project's progress. We were fortunate to be joined by about 30 people from the neighbourhood and community.

In setting up these meetings, our aim is to reiterate the importance of forging close relationships through accessible consultations with an emphasis on openness, responsiveness and discussion.

The minutes of the meeting is available here (in french only): https://www.wasamac-consultations.com/27423/widgets/111131/documents/97910

If you have any questions, please do not hesitate to contact our community relations team.

By phone: 1 833 510-0330

By SMS: 833-510-0330

By email: wasamac@yamana.com

At the Community Relations Office, 14 rue d'Évain, Rouyn-Noranda, J0Z 1Y0

The Yamana Gold team and its partners will be carrying out various works in November and December.

As usual, the crews are taking every possible measure to minimize disruptive impacts on the neighbourhood.

Access road construction

Construction of the access road to the site from chemin Aldermac is underway.

Power line

The dismantling of the 25KV power line on rang des Cavaliers should begin the week of November 2. Originally intended to serve the old Richmont project, the line was never used and will be repurposed for the Wasamac underground mining project.

Increase in truck traffic near the Francoeur site

We should be seeing a slight increase in truck traffic near the Francoeur site in December. We estimate some 10 trucks per hour, between 7:00 AM and 5:30 PM, using avenue Provencher from chemin Aldermac, in connection with construction of the access road to the planned industrial site. The company in charge of building the access road is Agrégat R-N.

The Wasamac underground mining project team will provide regular updates to residents in the vicinity of the work and will be available at all times to answer any questions.

By phone: 1 833 510-0330

By SMS: 833-510-0330

By email: wasamac@yamana.com

At the community relations office: 14 rue d'Évain, Rouyn-Noranda, J0Z 1Y0

On November 8, 2022, Yamana Gold confirmed the activation of the arrangement agreement with Agnico Eagle Mines Ltd. (Agnico) and Pan American Silver, and at the same time announced the termination of the pending transaction with Gold Fields.

Pursuant to the announcement, the shareholders’ vote scheduled to be held on November 21 has been cancelled and Yamana Gold will pay a termination fee of US$300 million to Gold Fields, in accordance with the terms of the arrangement agreement with that company.

The board of directors of Yamana Gold has unanimously determined in good faith, after consultation with its outside financial and legal advisors, and upon the unanimous recommendation of the special committee of independent directors of the Board, that the Agnico - Pan American Transaction is a “Yamana Superior Proposal” in accordance with the terms of Gold Fields Arrangement Agreement. As a result, the Canadian Malartic Partnership and the Wasamac Underground Mining Project would be fully owned by Agnico Eagle.

A copy of the press release issued on November 8, 2022 is available for viewing on the Company's website at http://www.yamana.com and under the Company's profile on SEDAR (www.sedar.com).

The acquisition process will continue in the coming weeks. The Wasamac underground mining project team will be communicating regularly on this matter and remains available at all times to answer your questions.

By phone: 1 833 510-0330

By SMS: 833-510-0330

By email: wasamac@yamana.com

At the Community Relations Office, 14 rue d'Évain, Rouyn-Noranda, J0Z 1Y0

Nearly a year has gone by since we established our Community Support Program, and we can report that our team is thrilled by the popularity and positive impact of the program on the communities concerned.

Although Yamana Gold supports causes in several fields, the program focuses primarily on three priority areas where its contributions can be a lever for positive community change:

• Indigenous communities and organizations
• The neighbourhood and immediate area
• Diversity and inclusion

Dozens of causes, events and organizations working on behalf of vulnerable groups and increasing the participation of individuals that have been traditionally underrepresented in social, economic and environmental development have received guidance and support throughout the past year.

For applicants young and old, social or environmental initiatives, neighbourhood or local projects, the benefits have been many!

Regardless of the type of support or the size of the contributions, Yamana recognizes its commitment to inclusion and the importance of diversity when it comes to cultural and geographic origins, age, skills, experience and gender. By celebrating cultures, traditions, wellbeing and sustainable development in a variety of possible areas, the program's primary aim is to help create resilient communities that will thrive beyond the mine.

The selection committee that receives and studies applications is eager to build on the experiences of recent months to further develop its community support program in 2023. Each application received is carefully examined against the award criteria set out in the program.

For further discussion, feel free to drop by our community relations office at 14 rue d’Évain in Évain.

The 5th neighbourhood meeting for the Wasamac underground mining project carried out by Yamana Gold will be on Wednesday, November 16, 2022 at the Évain Club de l’Âge d’Or, located at 100 rue Leblanc (same side as the library).

We suggest a meeting in the form of four workshops, giving everyone the chance to talk to several key Yamana Gold personnel. The small groups will be discussing these topics:

• Water
• Spatial planning
• Traffic flow
• Air quality, vibrations, and sound environment

We will present the work done in recent months to optimize the project. We will also answer your questions, and we look forward to feedback for further project improvement.

Two time slots are available to attend the meeting:

• 2:00 – 4:00 PM
• 7:00 – 9:00 PM

Please RSVP and reserve your time slot by email at wasamac@yamana.com

Or by phone at 1 833 510-0330 (toll free).

Be sure to mention your name, phone number and preferred time slot.

Public meeting open to all.

We look forward to seeing you there!

Since the start of the project, we have had numerous and diverse consultations with stakeholders in the water industry. Last September, during a virtual meeting, we spoke with several specialized regional organizations, namely the Conseil Régional de l'Abitibi-Témiscamingue (CREAT), Organisme de Bassin Versant de l'Abitibi-Jamésie (OBVAJ), and Organisme de Bassin Versant du Témiscamingue (OBVT), in order to update them on the project and discuss known best practices in the mining sector. We were asked to host a field visit, which we did on October 12 on the site where the future tailings facility might be constructed. A representative of the Société de l'Eau Souterraine de l'Abitibi-Témiscamingue (SESAT) and a person with the municipal environmental department of Rouyn-Noranda were also present for this tour.

These transparent and frank discussions enable us to present our findings and have them validated by experts in our community as the project moves forward.

The feedback from stakeholders is essential to building a project with an eye to sustainability and continuous improvement and meeting the community's various expectations.

The 13^th meeting of the Wasamac Task Force was a project status report through a review of the latest news and the neighbourhood meeting, followed by continuing discussion of the coexistence guide with regard to monitoring and maintaining the integrity of residential properties. The group also discussed the vibration modelling tests for the environmental impact assessment to be rescheduled in the coming months. Finally, as with each of the meetings, the reports received by Yamana over the past month, and action taken in response to them, were presented and discussed.

Monitoring and maintenance of property integrity will be an important chapter in the coexistence guide, which is currently in development. The meeting was a chance for Yamana to present its commitments and proposals for monitoring and maintaining property integrity; others will be added after the EIA. The work currently underway is intended to establish practices firmly grounded in science, transparency, cooperation and a good-neighbour approach.

The objectives presented by Yamana for monitoring and maintenance of property integrity are:

"Documenting conditions at the starting point and monitoring impacts over time, then communicating the results transparently and collaborating with all stakeholders in a spirit of continuous improvement and good neighbourliness. We intend to base our approach on the recognition that there is no such thing as zero risk and a genuine desire for peaceful co-existence."

Some of the commitments discussed at the meeting:

• To establish best practices for monitoring and informing the public so that the latter can track vibration levels in the area.
• Commission an independent expert to produce a baseline of properties in the area and monitor it over time
• Based on the results of the environmental impact assessment, find solutions to reduce, mitigate or compensate for the potential impacts on homeowners in the area, in advance and through consultation with stakeholders
• Conduct periodic testing of residential wells in the area and communicate the results of monitoring done on observation wells throughout the mining project

If you have any questions concerning maintenance of the integrity of properties or about the environmental monitoring that will be set up to track project impacts, do not hesitate to contact the Yamana community relations office or to share your questions with members of the Wasamac Task Force, who will be able to follow up on them at future meetings.