IAMGOLD Corporation; Significant Drill Results Reported from Boto, Senegal

IAMGOLD Corporation as reported by the media that the discovery of multiple zones of significant gold mineralization at its wholly-owned Boto Property in Senegal, West Africa. The Company controls an extensive land package of 630 square kilometres in southeast Senegal covering an important segment of the Birimian Kedougou-Kenieba greenstone belt. The concessions also cover a significant strike extent of the prolific Senegalo-Malian Shear System that is spatially associated with several important gold mines including Loulo and the world class Sadiola gold deposit in adjacent Mali. Results from IAMGOLD’s drilling campaigns at Boto completed chiefly during the 2007 and 2008 exploration seasons have identified several new and important mineralized zones at Boto, including the six kilometre-long Guemedji Trend and the parallel Koulou Trend.

“The drill results at Boto underscore the importance of grassroots exploration to IAMGOLD, providing us with the potential to add low-cost ounces on wholly-owned assets,” stated Joseph Conway, President & CEO. “West Africa is a key jurisdiction for our long-term strategic direction at IAMGOLD and grassroots exploration is one of several ways we are growing our project pipeline.”

Boto 2, 4 and 6 zones – Guemedji Trend (supporting Tables and Maps at end of release)

The Guemedji Trend (Figures 1 and 2) is a six kilometre long mineralized corridor first recognized through an innovative termite mound sampling program. The three individual anomalies are separated by large, relatively untested areas where geochemical sampling has been shown to be ineffective.

The 2007 and 2008 drilling programs (6,362 metres of RC drilling and 2,664 metres of diamond drilling respectively) specifically targeted the Boto 4 and Boto 6 anomalies (Figures 3 and 4). A 100 to 150 metre wide, pervasive alteration zone was delineated in RC drilling. The zone contains numerous intersections between 10 and 15 metres in width and all exceeding 1.0 g/t Au. Diamond drilling returned a number of significant intercepts at depth to the west of the alteration corridor.

IAMGOLD is the top mid-tier gold producer, with annual production of close to 1 million ounces from eight different gold operations located in North America, South America and Africa. IAMGOLD also owns non-gold assets that provide significant cash flow and development projects that provide a strong platform for continued growth. IAMGOLD has delivered seven consecutive years of annual dividends to its shareholders and the Company’s Gold Money Policy demonstrates IAMGOLD’s commitment and confidence in the gold market.

Source: IAMGOLD Corporation