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Toronto, Ontario, Apr 24, 2020 (Newsfile Corp via COMTEX) — Toronto, Ontario–(Newsfile Corp. – April 24, 2020) – IAMGOLD Corporation (TSX: IMG) (“IAMGOLD” or the “Company”) is admiring to advertise that its accessory Rosebel Gold Mines (“RGM”) has active an Unincorporated Joint Venture (“UJV”) Agreement (“Agreement”) with Staatsolie Maatschappij Suriname NV (“Staatsolie”), apropos to the acknowledgment areas aural the UJV Area of Absorption (which includes Saramacca). The UJV excludes the absolute Gross Rosebel mining concession, which is 95% endemic by RGM and 5% endemic by the Republic of Suriname.

Staatsolie is Suriname’s state-owned oil company, and additionally holds a 25% absorption in Newmont Suriname as a bound partner.

The Republic of Suriname has called to baptize Staatsolie as the article to authority its absorbed 30% Participating Absorption in the UJV, forth with all the associated rights and obligations, which Staatsolie accepted. The UJV was ahead agreed to in the Second Amendment to the Mineral Agreement, appear in June 2013, with Staatsolie now the new UJV accomplice replacing the article NV1 that was originally appointed by the Republic of Suriname to authority their 30% interest.

Under the agreement of the Agreement amid RGM and Staatsolie, the UJV will be administered as follows:

IAMGOLD’s assembly contour for Rosebel alpha in 2020 already incorporates the 70:30 breach for Saramacca.

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“We are admiring to acceptable Staatsolie as our UJV accomplice for amplification of the gold assembly at the Rosebel operations,” commented Gordon Stothart, President & CEO of IAMGOLD. “They accompany both business adeptness and ability industry acquaintance to our partnership. The signing of the UJV Agreement is the artefact of abounding years of effort. I would like to acknowledge all parties involved, including the Surinamese Government, Staatsolie, and the IAMGOLD team, for their efforts in accomplishing this acknowledged outcome.”

Rudolf Elias, CEO of Staatsolie, said, “With this participation, Staatsolie increases its allotment in all-embracing gold mining and added accouterments its about-face strategy.”

About IAMGOLD

IAMGOLD (www.iamgold.com) is a mid-tier mining aggregation with three operating gold mines on three continents. A solid abject of cardinal assets in North and South America and West Africa is complemented by development and analysis projects and connected appraisal of accretive accretion opportunities. IAMGOLD is in a able banking position with all-encompassing administration and operational expertise.

For added advice amuse contact:

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Indi Gopinathan, VP, Investor Relations & Corporate Communications, IAMGOLD Corporation

Tel: (416) 360-4743 Mobile: (416) 388-6883

Toll-free: 1-888-464-9999 [email protected]

Please note:

This absolute account absolution may be accessed via fax, e-mail, IAMGOLD’s website at www.iamgold.com and through Newsfile’s website at www.newsfilecorp.com. All actual advice on IAMGOLD can be begin at www.sedar.com or at www.sec.gov.

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Si vous désirez obtenir la adaptation française de ce communiqué de presse, veuillez consulter le http://www.iamgold.com/French/accueil/default.aspx.

To appearance the antecedent adaptation of this columnist release, amuse appointment https://www.newsfilecorp.com/release/54869

copyright (c) newsfile corp. 2020. all rights aloof

The MarketWatch Account Department was not complex in the conception of this content.

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