IAMGOLD CORPORATION

IAMGOLD reported financial and operating results for the third quarter ending September 30, 2009, with record net earnings of $64.9 million or $0.18 per share. Third quarter gold sales of 244,000 ounces at an average realized gold price of $961 per ounce, resulted in revenues of $235.2 million and record net earnings of $64.9 million ($0.18 per share), compared to $18.8 million ($0.06 per share) for the prior year period. Gold production for the third quarter of 2009 was 244,000 ounces at an average cash cost of $457 per ounce. This compares to production of 253,000 ounces (232,000 ounces excluding Sleeping Giant mine closed in late 2008) at an average cash cost of $481 per ounce in the third quarter of 2008. Lower cash cost per ounce in the third quarter of 2009 is primarily a result of productivity improvements at Rosebel combined with royalty expense savings.