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TSX :IMG : 5.95 +0.00 +0% Volume: 2,133,600 February 17, 2017
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joint-ventures

Joint Ventures

As part of its exploration strategy, IAMGOLD actively evaluates many exploration projects and when opportunities arise enters into Joint Ventures on compelling projects. Current Joint Ventures include:

Monster Lake, Quebec

Partner: Option Agreement with Toma Gold Corporation.

The Project: Located 50 kilometres southwest of Chibougamau, Quebec.

Highlights: During 2015, over 11,700 metres of drilling were completed, targeting the Megane-325 zone as well as priority target areas identified from the summer field programs. Assay results, which included 1.5 metres at 18.80 g/t Au and 10.7 metres at 3.64g/t Au, are being validated and assessed and will be used to guide future exploration programs.

Eastern Borosi, Nicaragua

Partner: Option Agreement with Calibre Mining Corporation.

The Project: Located in the Golden Triangle of Northeast Nicaragua.

Highlights: During 2015, just over 5,900 metres of drilling were completed to drill test selected gold-silver vein systems. Assay results included: 5.37 metres grading 2.99 g/t Au and 31.60 g/t Ag, 19.16 metres grading 1.11 g/t Au and 223.40 g/t Ag, 9.44 metres grading 0.69 g/t Au and 488.60 g/t Ag and 4.58 metres grading 7.84 g/t Au and 6.00 g/t Ag. The results of the 2015 program will be compiled and assessed to aid in the planning of the 2016 exploration program.

Diakha - Siribaya, Mali

Partner: 50:50 JV with Merrex Gold Incorporated.

The Project: Located in Mali.

Highlights: In 2015 we completed an 18,500 metre drill program on the newly discovered Diakha prospect. The results were incorporated to support the estimation of an NI 43-101 compliant mineral resource. Total resources estimated for the Siribaya project include indicated resources of 2.1 million tonnes grading 1.90 g/t Au for 129,000 contained ounces, and inferred resources of 19.8 million tonnes grading 1.71 g/t Au for 1.09 million contained ounces. Of the inferred resources, Diakha hosts 14.8 million tonnes grading 1.81 g/t Au for 863,000 contained ounces. The deposit remains open in all directions and further exploration is planned to continue to expand and upgrade the resource.

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