IAMGOLD declares semi-annual dividend of $0.125 per common share

       IAMGOLD declares semi-annual dividend of $0.125 per common share

PR Newswire

TORONTO, Dec. 10, 2012

All amounts are expressed in US dollars, unless otherwise indicated.

TSX: IMG NYSE: IAG

TORONTO, Dec. 10, 2012 /PRNewswire/ - IAMGOLD Corporation ("IAMGOLD" or the
"Company") today declared a semi-annual dividend payment in the amount of
$0.125 per common share that will be paid on January 7, 2013, to shareholders
of record as of the close of trading on December 21 2012. This represents
more than a 2% dividend yield based on the average closing value of the
Company's common shares over the last 20 days.

IAMGOLD's President and CEO, Steve Letwin said, "We currently have over $2
billion of liquidity from which to fund our dividend. Maintaining our
current level of dividend payout reflects our strong balance sheet and our
continued confidence in the long-term value of our core mining assets."

For purposes of subsection 89(14) of the Income Tax Act, the Company
designates all dividends payable on January 7, 2013 to be eligible dividends.

Forward Looking Statement
This news release contains  forward-looking statements. All statements,  other 
than of historical fact, that address activities, events or developments  that 
the Company believes, expects or anticipates  will or may occur in the  future 
(including, without limitation,  statements regarding  expected, estimated  or 
planned gold and  niobium production,  cash costs,  margin expansion,  capital 
expenditures  and  exploration  expenditures  and  statements  regarding   the 
estimation   of    mineral   resources,    exploration   results,    potential 
mineralization,  potential  mineral  resources   and  mineral  reserves)   are 
forward-looking   statements.   Forward-looking   statements   are   generally 
identifiable  by  use  of  the  words  "may",  "will",  "should",  "continue", 
"expect",  "anticipate",   "outlook",   "guidance",   "estimate",   "believe", 
"intend", "plan"  or  "project"  or  the negative  of  these  words  or  other 
variations  on  these   words  or   comparable  terminology.   Forward-looking 
statements are subject to a number  of risks and uncertainties, many of  which 
are beyond the  Company's ability to  control or predict,  that may cause  the 
actual results of the Company to differ materially from those discussed in the
forward-looking statements. Factors that could cause actual results or events
to differ materially  from current expectations  include, among other  things, 
without limitation: changes in  the global prices  for gold, niobium,  copper, 
silver  or  certain   other  commodities   (such  as   diesel,  aluminum   and 
electricity); changes  in  U.S.  dollar and  other  currency  exchange  rates, 
interest rates  or gold  lease rates;  risks arising  from holding  derivative 
instruments; the level of liquidity  and capital resources; access to  capital 
markets,  financing  and  interest  rates;  mining  tax  regimes;  ability  to 
successfully integrate  acquired assets;  legislative, political  or  economic 
developments in the jurisdictions  in which the  Company carries on  business; 
operating or technical difficulties in  connection with mining or  development 
activities; laws and regulations governing the protection of the  environment; 
employee relations; availability and  increasing costs associated with  mining 
inputs and  labour; the  speculative nature  of exploration  and  development, 
including the risks of diminishing  quantities or grades of reserves;  adverse 
changes in the  Company's credit  rating; contests over  title to  properties, 
particularly title to undeveloped  properties; and the  risks involved in  the 
exploration, development  and mining  business. With  respect to  development 
projects, IAMGOLD's ability to sustain or increase its present levels of  gold 
production is dependent  in part on  the success of  its projects. Risks  and 
unknowns inherent in all projects include the inaccuracy of estimated reserves
and resources, metallurgical recoveries, capital  and operating costs of  such 
projects, and  the  future  prices for  the  relevant  minerals.  Development 
projects have no operating history upon which to base estimates of future cash
flows. The capital  expenditures and time  required to develop  new mines  or 
other  projects  are  considerable,  and  changes  in  costs  or  construction 
schedules can affect project economics. Actual costs and economic returns may
differ materially from IAMGOLD's estimates or IAMGOLD could fail to obtain the
governmental approvals necessary  for the  operation of a  project; in  either 
case, the project may not proceed, either on its original timing or at all.

About IAMGOLD

IAMGOLD (www.iamgold.com) is a leading mid-tier gold mining company producing
approximately one million ounces annually from five gold mines (including
current joint ventures) on three continents. In the Canadian province of
Québec, the Company also operates Niobec Inc., which produces more than 4.5
million kilograms of niobium annually, and owns a rare earth element resource
close to its niobium mine. IAMGOLD is uniquely positioned with a strong
financial position and extensive management and operational expertise. To
grow from this strong base, IAMGOLD has a pipeline of development and
exploration projects and continues to assess accretive acquisition
opportunities. IAMGOLD's growth plans are strategically focused in certain
regions in Canada, select countries in South America and Africa.

Please note:
This entire news release may be accessed via fax, e-mail, IAMGOLD's website at
www.iamgold.com and through CNW Group's website at www.newswire.ca. All
material information on IAMGOLD can be found at www.sedar.com or at
www.sec.gov.

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

SOURCE IAMGOLD Corporation

Contact:

Bob Tait,VP Investor Relations, IAMGOLD Corporation
Tel: (416) 360-4743 Mobile: (647) 403-5520

Laura Young, Director, Investor Relations, IAMGOLD Corporation
Tel: (416) 933-4952 Mobile: (416) 670-3815

Toll-free: 1-888-464-9999info@iamgold.com
 
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