IAMGOLD Corporation
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IAMGOLD Corporation

October 19, 2005 16:42 ET

IAMGOLD Reports Additional Results at Quimsacocha




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TSX Trading Symbol: IMG
AMEX Trading Symbol: IAG
Fully Diluted Shares Outstanding 151.6MM
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TORONTO, ONTARIO--(Oct. 19, 2005) - IAMGOLD Corporation ("IAMGOLD" or "the Company")
is pleased to announce the results of an additional 13 diamond drill holes on
its 100% owned Quimsacocha project in Ecuador, including an intersection of 25
metres averaging 17.9 grams per tonne (g/t) gold, 49.5g/t silver and 1.7%
copper in hole 226. Quimsacocha is located 40 kilometres southwest of the city
of Cuenca in southern Ecuador.

Joe Conway, President and CEO of IAMGOLD, commented on the continued good
results from the project, stating: "We are delighted that drilling at
Quimsacocha continues to be encouraging. It is clear that whatever the
resource estimate shows us at the end of October the deposit has the potential
to become bigger as we are already intersecting mineralization well south of
where the resource model was defined. Given the results to date, we have
increased our exploration spending at Quimsacocha from $3.9 to $5.3 million
for 2005, in support of further drilling and testing."

These results indicate the continuation of the Quimsacocha deposit to the
south east and that the deposit is still open in that direction. Of the 13
holes reported in this press release, six (Holes - 224, 225, 226, 227, 228,
230) will be used in the independent resource calculation, by Roscoe Postle
Associates Inc., due out later this month. The significant results are shown
in Table 1 and the collar locations of the inclined drill holes are shown in
Figure 1 at http://files.newswire.ca/282/Quimsacocha_Oct19.doc.

CONFERENCE CALL - THIRD QUARTER RESULTS

A conference call to review the Corporation's third quarter results will
take place on Monday, October 31, 2005 at 3:00 p.m. EST. Local call-in number:
416-640-4127 and N.A. toll-free: 1-800-814-4857. This conference call will
also be audiocast on our website (www.iamgold.com).

A replay of this conference call will be available from approximately
5:00 pm October 31 to November 7, 2005 by dialing local: 416-640-1917,
passcode: 21158764 followed by the number sign. and N.A. toll-free:
1-877-289-8525, passcode: 21158764 followed by the number sign. A replay will
also be available on IAMGOLD's website.



Table 1
Significant Intersections from 2005 Drilling
At Quimsacocha as Reported on October 17, 2005
(Intersections where gold values are greater than 5 g/t are highlighted)
-------------------------------------------------------------------------
Hole From To Length Gold Silver Copper
(m) (m) (m) (g/t) (g/t) (%)
-------------------------------------------------------------------------
224(i) 167.9 190.3 22.4 2.4 15.7 0.2
-------------------------------------------------------------------------
225(i) 80.0 158.4 78.4 2.0 10.3 0.0
-------------------------------------------------------------------------
226(i) 123.6 129.9 6.3 22.5 51.8 1.7
including 124.9 126.6 1.7 75.8 153.5 5.9
154.3 179.7 25.4 17.9 49.5 1.7
including 172.4 177.4 5.0 57.3 98.2 3.9
-------------------------------------------------------------------------
227(i) 144.0 148.0 4.0 10.1 53.9 0.5
-------------------------------------------------------------------------
228(i) 26.0 27.1 1.1 2.2 2.9 1.7
100.9 104.4 3.5 1.3 6.2 0.1
-------------------------------------------------------------------------
229 140.2 167.7 27.5 4.5 pending pending
including 147.0 152.3 5.3 15.2 pending pending
201.6 219.7 18.1 1.8 pending pending
-------------------------------------------------------------------------
230(i) 137.3 167.9 30.6 5.1 47.1 0.3
including 156.0 166.0 10.0 7.6 79.8 0.5
186.0 189.0 3.0 7.0 28.3 0.1
201.0 205.0 4.0 11.6 140.5 0.5
-------------------------------------------------------------------------
232 160.5 186.0 25.5 1.7 18.9 0.1
-------------------------------------------------------------------------
234 131.0 201.3 70.3 3.3 25.0 0.1
-------------------------------------------------------------------------
235 123.6 149.2 25.6 4.0 17.2 0.4
-------------------------------------------------------------------------
237 152.0 164.3 12.3 2.0 4.5 0.0
-------------------------------------------------------------------------
238 pending
-------------------------------------------------------------------------
239 139.0 183.0 44.0 3.5 40.0 0.1
223.2 257.9 34.7 2.3 22.60 0.1
-------------------------------------------------------------------------
Note: Holes 231 and 236 were abandoned due to difficulties with drill
rig.
Hole 233 was outside the mineralized zone and was not sampled.
(i) - denotes holes included in the resource calculation.


Qualified Person/Quality Control Notes

Analyses of gold in drill core samples were carried out by fire assay at
the laboratory of BSI in Lima, Peru and copper and silver analyses were
carried out by the same laboratory.

The "Qualified Person" reviewing the work at Quimsacocha is Dennis Jones,
P. Geo, Vice-President Exploration at IAMGOLD, who as a result of his
education, affiliation with a professional association and past relevant work
experience, fulfills the requirements to be a "Qualified Person" for the
purposes of NI43-101.

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.

Contact Information

  • IAMGOLD Corporation:
    Dennis Jones
    Vice President Exploration

    Lisa Doddridge
    Manager, Investor Relations
    Tel: (416) 360-4710
    Fax: (416) 360-4750
    Toll-free: 1 888 IMG-9999