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Gold/Mining/Energy : Yamana Resources INC. T- YRI -- Ignore unavailable to you. Want to Upgrade?

To: Neil Irwin who wrote (1808)	12/4/1998 2:09:00 PM
From: Alex Harrington	Read Replies (1) \| Respond to of 2346

News - financing complete: FOR FURTHER INFORMATION PLEASE CONTACT: Yamana Resources Inc. Amy Martin Investor Relations Coordinator (509) 838-6615 (509) 838-0714 (FAX) amartin@yamana.com yamana.com NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: YAMANA RESOURCES INC. TSE SYMBOL: YRI DECEMBER 4, 1998 Yamana Completes Special Warrant Financing SPOKANE, WASHINGTON--Yamana Resources Inc. announces that it has completed a special warrant financing for gross proceeds of C$4.7 million at a price of C$1.00 per Special Warrant. Each Special Warrant entitles the holder to acquire, for no additional consideration, one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the purchaser to acquire one additional common share at a price of C$1.30 before May 27, 2000. Yamana intends to use the proceeds of this issue to support continued exploration of its properties in the emerging precious-metals district in the western portion of its Santa Cruz, Argentina, project. Yamana Resources Inc. is a Canadian mineral exploration company with projects in Argentina, Chile, Paraguay, Indonesia, Papua New Guinea, and Washington state. None of the securities have been or will be registered under the United States Securities Act of 1933 and these securities may not be offered or sold in the United States or to U.S. persons unless an exemption from registration is available. -30-