SADIOLA MINE

IAMGold announced that it has completed the acquisition of an additional 3% share in Société d’Exploitation des Mines d’Or de Sadiola S.A., which owns the Sadiola Gold Mine in Mali, West Africa, from the International Finance Corporation.

IAMGOLD announced the Société D’Exploitation Des Mines D’Or De Sadiola, owner of the Sadiola Gold Mine in Mali, West Africa, board approval to proceed with the $9 million Sadiola Deep Sulphide Feasibility Study.

IAMGOLD Corporation provide a third quarter update on exploration activities. Exploration expenditures totalling $56 million are now planned for 2009 of which US$36 million is for greenfield exploration initiatives. At Rosebel, a 90,000 metre exploration program on schedule with 80% of drilling now complete with revised resource and mine design updates in progress. The Sadiola/Yatela 18-month, US$14.9 million exploration program is on schedule and a supplementary US$2.2 million capitalized exploration budget has been approved following encouraging results at Yatela, extensions of the mineralization at Alamoutala Pit, and exploration targets north of Yatela.