IMG IAMGOLD Corporation

IAMGOLD Corporation (TSX: IMG)(NYSE: IAG)(BOTSWANA: IAMGOLD) -

(a) Name and address of offeror:

    IAMGOLD Corporation ("IAMGOLD")
    401 Bay Street, Suite 3200
    PO Box 153
    Toronto, Ontario
    M5H 2Y4

(b) The designation and number or principal amount of securities and the
    offeror's securityholdings percentage in the class of securities of
    which the offeror acquired ownership or control in the transaction or
    occurrence giving rise to the obligation to file the news release,
    and whether it was ownership or control that was acquired in those
    circumstances:

    On August 29, 2008, IAMGOLD filed with the Autorite des Marches
    Financiers (the French financial services regulator) (the "France AMF")
    an offer to purchase (the "Offer") all of the issued and outstanding
    common shares of Euro Resources S.A. ("Euro Resources") at a purchase
    price of EUR1.20 per Share. The Offer was made pursuant to French
    securities laws and was exempt from take-over bid requirements of
    Canadian securities laws. The Offer initially opened on October 6,
    2008 and ended on November 21, 2008. The initial Offer results
    (before reopening of the Offer, as described below) were announced by
    the France AMF on December 2, 2008 and, on December 5, 2008, IAMGOLD
    acquired 40,397,360 common shares of Euro Resources.

    The Offer was reopened from December 4, 2008 to December 17, 2008. The
    results of the reopened Offer were announced by the France AMF on
    December 23, 2008. In connection with the reopened Offer, IAMGOLD
    acquired today an additional 9,441,182 common shares of Euro Resources.

(c) The designation and number or principal amount of securities and the
    offeror's securityholding percentage in the class of securities
    immediately after the transaction or occurrence giving rise to the
    obligation to file the news release:

    IAMGOLD holds 49,838,542 of the 62,496,461 common shares of Euro
    Resources currently outstanding (which includes the 1,905,001 common
    shares of Euro Resources issued pursuant to the exercise of options by
    certain directors and officers of Euro Resources during the course of
    the Offer and the reopened Offer) representing 79.75% of the issued and
    outstanding shares of Euro Resources.

(d) The designation and number or principal amount of securities and the
    percentage of outstanding securities of the class of securities referred
    to in paragraph (c) over which:

    (i)   the offeror, either alone or together with any joint actors, has
          ownership and control:

          IAMGOLD holds, directly or indirectly through its subsidiary
          IAMGOLD-Quebec Management Inc., 52,838,639 of the 62,496,461
          common shares of Euro Resources currently outstanding (which
          includes the 1,905,001 common shares of Euro Resources issued
          pursuant to the exercise of options by certain directors and
          officers of Euro Resources during the course of the Offer and
          the reopened Offer) representing 84.55% of the issued and
          outstanding shares of Euro Resources.

    (ii)  the offeror, either alone or together with any joint actors, has
          ownership but control is held by other persons or companies other
          than the offeror or any joint actor:

          N/A.

    (iii) the offeror, either alone or together with any joint actors, has
          exclusive or shared control but does not have ownership:

          N/A.

(e) Market where the transaction or occurrence took place:

    N/A

(f) The value, in Canadian dollars, of any consideration offered per
    security if the offeror acquired ownership of a security in the
    transaction or occurrence giving rise to the obligation to file a
    news release:

    On December 30, 2008, the aggregate value, in Canadian dollars,
    calculated on the basis of the exchange rate in effect on such date,
    of the consideration paid by IAMGOLD for the common shares of Euro
    Resources was $19,618,020.90 (EUR11,329,418.40).

(g) The purpose of the offeror and any joint actors in effecting the
    transaction or occurrence that gave rise to the news release, including
    any future intention to acquire ownership of, or control over,
    additional securities of the reporting issuer:

    EURO and the IAMGOLD group of companies have similar interests in the
    gold industry and share an economic interest in an asset, the Rosebel
    gold mine. IAMGOLD has a 95% indirect interest in Rosebel Gold Mines
    N.V., the owner of the mining rights and assets comprising the Rosebel
    gold mine; and EURO's principal business activity is its holding of the
    Rosebel Royalty. The Offer was motivated by IAMGOLD's desire to
    increase its economic interest in the Rosebel gold mine with a view to
    rationalizing the structure of the mine, and reducing cash costs at the
    mine by effectively eliminating royalty payments on a consolidated
    basis.

    IAMGOLD reserves the right (x) to continue to purchase shares of Euro
    Resources on the market, and, if it then meets all conditions set forth
    by applicable laws and regulations (including direct or indirect
    ownership of at least 95% of the share capital and voting rights of
    Euro Resources), (y) to implement all steps required in order to
    complete a compulsory acquisition (retrait obligatoire) of the shares
    of Euro Resources. IAMGOLD intends, to the fullest extent possible, to
    implement a legal integration of Euro Resources within the IAMGOLD
    group of companies, it being specified that the determination of the
    appropriate mechanism will require further analysis.

(h) The general nature and the material terms of any agreement, other than
    lending arrangements, with respect to securities of the reporting issuer
    entered into by the offeror, or any joint actor, and the issuer of the
    securities or any other entity in connection with the transaction or
    occurrence giving rise to the news release, including agreements with
    respect to the acquisition, holding, disposition or voting of any of
    the securities:

    N/A.

(i) The names of any joint actors in connection with the disclosure required
    by this report:

    IAMGOLD-Quebec Management Inc.

(j) In the case of a transaction or occurrence that did not take place on a
    stock exchange or other market that represents a published market for
    the securities, including an issuance from treasury, the nature and
    value of the consideration paid by the offeror;

    See (f) above.

(k) If applicable, a description of any change in any material fact set out
    in a previous report by the entity under the early warning requirements
    or Part 4 in respect of the reporting issuer's securities:

    N/A.

(l) If applicable, a description of the exemption from securities
    legislation being relied on by the offeror and the facts supporting
    that reliance:

    The reopened Offer was made pursuant to French securities laws and
    was exempt from take-over bid requirements of Canadian securities laws
    pursuant to a decision of Canadian securities regulatory authorities
    which is effective in all Canadian provinces. The reopened Offer was
    made concurrently in France and in Canada. The reopened Offer was being
    made on the same terms and completion of the reopened Offer was subject
    to the same conditions in both jurisdictions.

Please note:

This entire press release may be accessed via fax, e-mail, IAMGOLD's website at www.iamgold.com and through Marketwire's website at www.marketwire.com. All material information on IAMGOLD can be found at www.sedar.com or at www.sec.gov.

Si vous desirez obtenir la version francaise de ce communique, veuillez consulter le http://www.iamgold.com/fr/accueil.html.

Contacts: IAMGOLD Corporation Elaine Ellingham SVP, Investor Relations & Communications (416) 360-4743 or Toll-free: 1-888-IMG-9999 Email: info@iamgold.com Website: www.iamgold.com