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TSX :IMG : 5.95 +0.00 +0% Volume: 2,133,600 February 17, 2017
NYSE :IAG : 4.54 -0.15 -3.2% Volume: 1,000 February 17, 2017
GOLD PRICE: 1,230.45 -7.10 -0.57% Volume: February 21, 2017

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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