IAMGOLD Corporation

IAMGOLD Corporation

April 05, 2005 08:50 ET

IAMGOLD Announces Appointment of Two Directors

TSX Trading Symbol: IMG
AMEX Trading Symbol: IAG
Total Shares Outstanding: 145.8MM
Fully Diluted: 151.6MM
52-Week Trading Range: Cdn$5.75 - $10.99

TORONTO, ONTARIO--(April 5, 2005)--IAMGOLD Corporation ("IAMGOLD" or "the Company")
is pleased to announce that W. Robert Dengler and Stephen Freedhoff have
joined the Board of Directors.

Mr. Dengler is currently serving as Vice-Chairman of the Board of
Directors and an officer of Dynatec Corporation, a company he co-founded in
1980. Mr. Dengler holds a Bachelor of Science degree (1965) from Queen's
University and was awarded an Honorary Doctorate of Science from Queen's
University in 1988. Before co-founding Dynatec, Mr. Dengler was a partner and
Vice-President & General Manager of J.S. Redpath Limited. Mr. Dengler has
authored several technical publications on shaft sinking and Long Round

Mr. Freedhoff has been a self-employed consultant since 1999, and brings
more than 30 years of accounting experience as a partner with a national
accounting firm. Mr. Freedhoff is also a member of the Board of CryptoLogic
Inc. and Chairman of the Audit Committee.

IAMGOLD is a leading gold mining exploration and development company. Its
principal assets, located in West Africa, include a 38 percent stake in the
Sadiola Gold Mine, a 40 percent stake in the Yatela Gold Mine, both located in
Mali, West Africa and an 18.9 percent stake in the Tarkwa and Damang mine
complex in Ghana, West Africa. The combined annual expected gold production
from these properties for 2004 is expected to be approximately 420,000 ounces.
IAMGOLD also has a diverse royalty portfolio, which includes a one percent
royalty interest in the Diavik Diamond Project in Canada. IAMGOLD is listed on
both the Toronto Stock Exchange and the American Stock Exchange.

This press release includes certain "Forward-Looking Statements" within
the meaning of section 21E of the United States Securities Exchange Act of
1934, as amended. All statements, other than statements of historical fact,
included herein, including without limitation, statements regarding potential
mineralization and reserves, exploration results and future plans and
objectives of IAMGOLD, are forward-looking statements that involve various
risks and uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. Important factors that
could cause actual results to differ materially from IAMGOLD's expectations
are disclosed under the heading "Risk Factors" and elsewhere in IAMGOLD
documents filed from time-to-time with the Toronto Stock Exchange, the United
States Securities and Exchange Commission and other regulatory authorities.

Please note:

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

Contact Information

  • IAMGOLD Corporation:
    Joe Conway
    President and CEO
    (416) 360-4710
    (416) 360-4750
    Toll-free: 1 (888) IMG-9999