(1)  Measured and Indicated Resources are inclusive of Proven and Probable Reserves.

       (2)  In underground operations, Mineral Resources contain similar dilution and mining recovery

             than  Mineral Reserves.

       (3)  In mining operations, Measured and Indicated Resources that are not Mineral Reserves are

             considered uneconomic at the price used for reserve estimations but are deemed to have a

             reasonable prospect of economic extraction.

       (4)  Effective Nov. 8, 2006, the Company indirectly owned a 95% interest in Rosebel Gold Mine.

       (5)  Effective Nov. 8, 2006, the Company indirectly owned 100% of the Doyon Division which

             includes Mineral Reserves and Resources from the Doyon and Mouska Gold Mines.

       (6)  Effective Nov. 8, 2006, the Company indirectly owned 100% interest in Camp Caiman

             Project.

       (7)  Effective Nov. 8, 2006, the Company indirectly owned 100% of La Arena Peru S.A.

             (formerly known as IAMGOLD Peru S.A.) which holds the La Arena Project.  La Arena

             resources are confined within a pit shell based on US $550/oz Au and $1.50/lb Cu and have

             been estimated in accordance with NI 43-101.

       (8)  Mineral Reserves have been estimated as at Dec. 31, 2008 using a US $700/oz Au and

             Mineral Resources have been estimated as at Dec. 31, 2008 using a US $700/oz Au and

             have been estimated in accordance with NI 43-101.

    (9) Mineral Reserves and Mineral Resources have been estimated as at Aug. 2005 using a US

             $425/oz Au and have been estimated in accordance with NI 43-101.

    (10) Mineral Reserves have been estimated as at Dec. 31, 2008 using a US $870/oz Au and

             Mineral Resources have been estimated as at Dec. 31, 2008 using a US $1,000/oz Au and

             have been estimated in accordance with JORC code.

    (11) Based on a 4 g/t cutoff.

    (12) Mineral Resources have been estimated as at July 2008 at a 1.0 Au g/t cutoff and have

             been estimated in accordance with JORC code and the NI 43-101.

     (13) Mineral Resources have been estimated as at July 2008 using a US $700/oz Au and

             have been estimated in accordance with NI 43-101.

     (14) Mineral Resources have been estimated at US $700/oz Au and have been estimated in

             accordance with NI 43-101.

      (15) Mineral Resources have been estimated as at August 2008 using a US $750/oz Au and have

             been estimated in accordance with NI 43-101.

     (16) Mineral Resources have been estimated in accordance with JORC code.

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