IAMGOLD Corporation

IAMGOLD Corporation

April 26, 2006 20:55 ET

IAMGOLD Appoints New Vice President and Announces Close of Gold Royalties Sale

TSX Trading Symbol: IMG
NYSE Trading Symbol: IAG
ASX Trading Symbol: IGD
Fully Diluted Shares Outstanding: 178.9MM

TORONTO, ONTARIO--(April 26, 2006) - IAMGOLD Corporation ("IAMGOLD" or "the
Company"), is pleased to announce the appointment of Ross D. Gallinger, P.Ag.
to the position of Vice President, Environment, Health, Safety and Community.
Mr. Gallinger brings with him close to 20 years of experience, most recently
as the Vice President, Sustainability with Placer Dome Canada. His past
accomplishments include the investigation, assessment and development of
sustainability strategies on various projects at corporate and government
levels, environmental compliance and corporate environmental management system
development, as well as the development of onsite safety programs. Ross will
report directly to the President and CEO, beginning on May 1, 2006.

"Ross is a welcomed addition to the IAMGOLD team. His knowledge of
developing and implementing compliance and best practices for community,
health, safety and the environment will add depth to our management team. Ross
will be a valuable contributor to our existing operations, our development
stage projects and future endeavors of IAMGOLD," stated Joe Conway, "This
appointment continues our corporate growth strategy and reinforces the
strength and focus of IAMGOLD."

In addition to this appointment, IAMGOLD is also pleased to announce the
close of our gold royalty sale to Battle Mountain Gold Exploration (OTC-
BB:BMGX) ("Battle Mountain"). The deal that was first announced on
November 28, 2005 consists of a portfolio of eleven royalties and includes net
smelter return royalties on production from the Williams Mine, the Don Mario
Mine and El Limon Mine. IAMGOLD retains the 1% diamond royalty on the Diavik
diamond mine. The purchase price for the portfolio is USD $21,850,000
consisting of $13,850,000 in cash, $2,000,000 convertible debentures and
12,000,000 BMGX shares.

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.

Contact Information

  • IAMGOLD Corporation
    Lisa Doddridge
    Manager, Investor Relations
    Tel: (416) 360-4710
    Fax: (416) 360-4764
    Toll-free: 1-888-IMG-9999