Completion of Plan of Arrangement

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

FOR IMMEDIATE RELEASE

31 March 2023

PLAN OF ARRANGEMENT

among

YAMANA GOLD INC. ("Yamana")

and

PAN AMERICAN SILVER CORP. ("Pan American")

and

AGNICO EAGLE MINES LIMITED ("Agnico")

COMPLETION OF PLAN OF ARRANGEMENT

Yamana is pleased to announced that the Plan of Arrangement received Mexican Federal Economic Competition Commission approved last week and, with having received all required regulatory, shareholder and court approvals, including the final court order, the Arrangement has been completed.

Capitalised terms used but not otherwise defined in this announcement have the meanings given to them in the management information circular dated 20 December 2022, and published in Canada on 28 December 2022 in connection with the Arrangement.

FOR FURTHER INFORMATION PLEASE CONTACT:Investor Relations+1 416-815-02201-888-809-0925Email: [email protected]

FTI Consulting Inc. (UK Public Relations)Sara Powell / Ben Brewerton+44 203 727 1000Email: [email protected]