IAMGOLD Corporation
TSX : IMG
NYSE : IAG
BOTSWANA : IAMGOLD

IAMGOLD Corporation

April 18, 2008 18:03 ET

IAMGOLD Reports on Mandate Passed in Ecuador

TORONTO, ONTARIO--(Marketwire - April 18, 2008) - IAMGOLD Corporation ("IAMGOLD" or "the Company") (TSX:IMG)(NYSE:IAG)(BOTSWANA:IAMGOLD) reports that a mandate has been passed by the Constituent Assembly in Ecuador which may result in the suspension of large-scale mining exploration projects in the country for 180 days. The Company is closely monitoring the situation and will seek clarification from authorities of any potential impact on its Quimsacocha project located in Ecuador. IAMGOLD is committed to working with the government and people of Ecuador to achieve a modern, sustainable mining industry, which will play an important role in the future growth of the country. In the meantime, the Company is in a position to advance the work necessary to complete the prefeasibility study scheduled for July 2008.

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