IAMGOLD (IAG) Sends Offer to Acquire Euro Ressources

October 6, 2008 2:56 PM EDT

IAMGOLD Corporation (NYSE: IAG) announces that its offer to acquire all of the outstanding shares of Euro Ressources S.A. ("Euro") for cash of EUR 1.20 per share is open for acceptance today in France and Canada.

The Offer will remain open for at least 25 trading days. The closing or expiry date of the Offer as well as the final timetable of the Offer will be set at a later date by the French Autorite des marches financiers ("AMF").

As stated in the information note filed with the AMF on October 1, 2008, IAMGOLD intends to fund the offer through its existing cash reserves or its credit facilities. In April 2008, IAMGOLD announced that it had arranged a US$140 million five year credit facility led by Scotia Capital and Societe Generale. IAMGOLD will ensure that there is sufficient availability on the credit facility to fund the purchase of shares that may be tendered to the offer.

IAMGOLD Corporation engages in the exploration, development, and production of mineral resource properties worldwide.[SM]

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