REE

Rare Earth Elements

The Value of REEs

Jeffery Snow
SVP & General Counsel
Pierre Pelletier
VP, Metallurgy
Stephen Eddy
Director, Corporate Development
IAMGOLD.COM | TSX: IMG | NYSE: IAG
April, 2012
Cautionary Statement
This presentation 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”, “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,
failure to meet expected, estimated or planned gold and niobium production, cash costs, margin expansion, capital expenditures and
exploration expenditures and failure to establish estimated mineral resources, the possibility that future exploration results will not be
consistent with the Company's expectations, changes in world gold markets and other risks disclosed in IAMGOLD’s most recent Form
40-F/Annual Information Form on file with the United States Securities and Exchange Commission and Canadian provincial securities
regulatory authorities. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required
by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement.
The United States Securities and Exchange Commission (the "SEC") permits mining companies, in their filings with the SEC, to disclose
only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this presentation,
such as "mineral resources" , that the SEC guidelines strictly prohibit us from including in our filings with the SEC. U.S. investors are
urged to consider closely the disclosure in the IAMGOLD Annual Report on Form 40-F. A copy of the most recent Form 40-F is available
to shareholders, free of charge, upon written request addressed to the Investor Relations Department.
Total Resources includes all categories of resources unless indicated otherwise.
All currency numbers are in US$ unless otherwise stated.

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What are Rare Earth Elements?

 Group of 17 chemical elements in

the periodic table
 Referred to as “rare” because they
are not commonly found in
commercially viable
concentrations
 2 main subgroups:
i) Light rare earths (LREE) and
ii) Heavy rare earths (HREE) VITAL IN CLEAN ENERGY AND
 REE mineral deposits are usually HIGH TECHNOLOGY MARKETS
rich in LREE or HREE, but rarely
contain both in significant
quantities

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REE Properties and Applications
LIGHT RARE EARTHS PROPERTIES APPLICATIONS
(La) Lanthanum  Silvery-white/gray in colour
(Ce) Cerium  High luster but tarnish readily in air
(Pr) Praseodymium
 Most REE compounds are strongly
(Nd) Neodymium paramagnetic
(Sm) Samarium
 Catalytic, chemical, electrical,
metallurgical, nuclear, magnetic
HEAVY RARE EARTHS and optical properties
(Eu) Europium  High electrical conductivity
(Gd) Gadolinium  Many REE fluoresce strongly under
(Tb) Terbium UV light
(Dy) Dysprosium  High melting and boiling points
(Ho) Holmium  Reacts with dilute acid to release
(Er) Erbium H2 rapidly at room temperature
(Tm) Thulium  Reacts with H2O to liberate H2,
(Yb) Ytterbium slowly when cold/quickly upon
(Lu) Lutetium heating
(Y) Yttrium*

*Yttrium is lighter than the light rare earths, but included in the heavy rare earth group because of its chemical and physical associations with heavy rare earths
in natural deposits

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 Rare Earths are Integral to a
Wide Range of Growing Markets
REO Usage (2010)
Estimated
Magnets 25% Compound Annual
Application Growth Rate
2010-2015
Fluid Cracking Catalysts 15%
Phosphors 30%
Battery Alloy 14%
Rechargeable Batteries 18%
Polishing Powder 14%
Permanent Magnets 16%
Metallurgy, excl. Batteries 9%
Polishing Powder 15%
Auto Catalysts 7%
Auto Catalysts 8%
Glass Additives 6%
Fluid Cracking Catalysts 6%
Phosphorous 6%
Glass Additives 4%
Other 4%

Source: CIBC World Markets, March, 2011

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REE Plays a Key Role
in the Clean Energy Sector
Hybrid and electric cars can contain 20–25 pounds1 of rare earths
(Twice the amount found in standard gasoline cars) UV Cut Glass
Cerium
Glass and Mirrors
Polishing Powder
Cerium
Diesel Fuel Additive
Cerium LCD Screen
Lanthanum Europium
Yittrium
Hybrid NIMH Cerium
Lanthanum
Cerium Component Sensors
Yttrium
Catalytic Converter
Cerium/Zirconium Hybrid Electric Motor
Lanthanum and Generator
Neodymium
25+ Electric Motors Praseodymium
throughout Vehicle Headlight Dysprosium
Nd Magnets Neodymium Terbium

1Source: “The Race for Rare Metals”, Globe and Mail, July 16, 2011

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Global Supply of Rare Earth Elements

2011 Global Rare Earth Reserves1 (E)

114 Million Tonnes
3.1 Mt 1.6 Mt
Australia India

55 Mt 19 Mt 13 Mt 22 Mt
China CIS U.S.A. Others

48% 17% 11% 3% 1% 20%

% of global reserves

1Source: “The not-so-rare issue with rare-earth investing”, Globe and Mail, Mar. 13, 2012 | Projects in China may be underestimated

China accounts for 48% reserves 7

The China Factor

China accounts for 95% of global production

Bayan Obo deposit (Mongolia) supplies >70% of China’s LREE
(ie. 46% China’s production and 42% globally)

China
In 2010, China Rare Earth
forecasts drop
in production
reduced prices surged Demand Prices
export quota to record highs dropped restored
from Bayon
by 40% in 2010
Obo deposit

Source: “The Rare Earths Race, Identifying the Formula One Cars”, Dundee Capital Markets, March 5, 2012

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 Growing Gap between
Supply and Demand

160,000

140,000  Since 2000, global demand for rare

earths has grown ~4.7% per year
Demand tpa - REO

120,000
 Over the next decade, demand is
100,000 expected to grow at 7-9% CAGR
80,000

60,000

40,000

20,000

0
'05 '06 '07 '08 '09 '10 '11F '12F '13F '14F '15F
China Export Quota China Demand ROW Demand

Source: D. Kingsworth IMCOA 2011

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 Race is on to Fill the Growing Gap
Global Rare Earths Supply and Demand 2005-2015
250,000  Number of exploration stage companies has significantly increased
since China announced quotas

200,000
Demand tpa - REO

150,000

100,000

50,000

0
'05 '06 '07 '08 '09 '10 '11F '12F '13F '14F '15F
China Supply ROW Supply China Demand Total Demand

Source: D. Kingsworth IMCOA 2011

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Critical Rare Earth Elements
Critial
 Heavy rare earth oxides (HREO) Symbol Name
Rare
Earth
Oversupply
IMG’s REE
Risk
are less commonly occurring Oxides
(CREO)
 Significantly more expensive
Ce Cerium High 47.9%
 Higher risk of future shortage La Lanthanum High 24.5%

LREO
 U.S. Department of Energy Nd Neodymium * Low 18.4%

forecasts higher growth in Pr Praseodymium Low 5.3%

Sm Samarium High 2.1%
demand for critical REEs
Gd Gadolinum Low 1.0%
 Extent of shortage dependent on Eu Europium * Low 0.4%
success of REE exploration projects Dy Dysrosium * Low 0.3%
HREO Tb Terbium * Low 0.1%
Ho Holmium n/a
Er Erbium n/a
Tm Thulium n/a
Yb Ytterbium n/a
Lu Lutetium n/a
Y Yttrium * Low

Integral to fastest growing green energy & high tech sectors 11

IAMGOLD’s REE Resource

Geological Map and Cross Section of the St. Honoré Carbonatite

Total Inferred Resource (NI 43-101) 466.8 tonnes

Pyrochlore, magnetite, blotite,
Total Rare Earth Oxide (TREO) (grade %) 1.65% apatite, and white to pink
dolomite
TREO 7.7 million tonnes
Heavy Rare Earth Oxides 2%
Light Rare Earth Oxides 98%
Pyrochlore, magnetite,
Key REE Mineralization Bastnaesite/Monazite blotite, apatite, and pink to
red dolomite
Host Rock Carbonatite

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Major REO Projects

Potentially largest REE deposit

outside of China

Lynas Molycorp
Australia USA
1.4 Mt 1.1 Mt

China’s
Mongolian deposit IAMGOLD
Bayan Obo 7.7 Mt TREO
40 Mt TREO

Avalon Quest Rare Element

Northwest Territories, Canada Canada USA
4.3 Mt TREO 1.3 Mt 0.9 Mt

Source: Company reports

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 IAMGOLD’s Composition
of REE Resource

REE Mineral Resources by

Light REO Heavy REO
Grade Groups
Grade
Tonnage Ce2O3 La2O3 Nd2O3* Pr2O3 Sm2O3 Gd2O3 Eu2O3* Dy2O3* Tb2O3*

Please see cautionary disclaimer on page 23

Groups
Million ppm
% TREO % TREO
HREO
ppm ppm ppm ppm ppm ppm ppm ppm ppm
Tonnes
> 2.50 13.2 2.93 550 14,020 7,173 5,384 1,538 603 284 124.0 81.3 22.2
> 2.00 to 2.50 80.0 2.16 407 10,359 5,300 3,978 1,137 445 210 91.6 60.1 16.4
> 1.75 to 2.00 123.8 1.87 352 8,961 4,585 3,441 983 385 182 79.3 52.0 14.2
> 1.50 to 1.75 98.0 1.64 308 7,845 4,014 3,013 861 337 159 69.4 45.5 12.4
> 1.00 to 1.50 99.2 1.26 236 6,020 3,080 2,312 661 259 122 53.3 34.9 9.5
0.5 to 1.00 52.6 0.81 153 3,890 1,990 1,494 427 167 79 34.4 22.6 6.2
Total/
466.8 1.65 311 7,913 4,048 3,039 868 340 161 70.0 45.9 12.5
Average Grade
Niobec TREO
1.88% 47.9% 24.5% 18.4% 5.26% 2.06% 0.97% 0.42% 0.28% 0.076%
Signature

Accounted for ~67% of global demand in 2010

Source: “Technology minerals - The rare earths race is on!”, Ernst & Young, April 2011 *Critical REEs

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Excellent Infrastructure

 1 km north of IAMGOLD’s operating

niobium mine
 Prospect of utilizing existing underground
at Niobec as well as surface facilities to
mine and process the REEs
 Among the world’s top 5 mining friendly
jurisdictions1
 Existing road and rail infrastructure
 Proximity to deep water ports and
ocean access
 Very competitive hydro rates
@~$0.045/kWh
Québec

1Source: The Fraser Institute’s Survey of Mining Companies: 2011/2012

Provides Speed to Market Advantage 15

Estimated value of IAMGOLD’s
Major REOs at current prices
Forecast 20121

Oxides Grade Price Gross Value

% $/kg $/t

Cerium oxide 0.79 60 474

Lanthanum oxide 0.41 80 328

*Neodymium oxide 0.30 190 570

Please see cautionary disclaimer on page 23

Praseodymium oxide 0.09 180 162

Samarium oxide 0.03 90 27

Gadolinium oxide 0.02 120 19

*Dysprosium oxide 0.005 1,300 65

*Europium oxide 0.007 2,500 175

TOTAL 1.65 1,820

1Source: Roscoe Postle Associates Inc. *Critical REEs

Critical REOs comprise of 45% of Total Gross value 16

Rare Earth Elements
Competitive Landscape
Over 56 rare earth projects are publicly owned – of which, only one asset is in production
# Project Name Owner Country Stage Resource (‘000 Tonnes) Grade (%) TREO (‘000 Tonnes)
1 Selwyn Lake Aben Resources Ltd Canada Exploration 0 0 0
2 Nolans Bore Arafura Resources Ltd Australia Feasibility 46,000 2.5 1,150
3 Nechalacho Avalon Rare Metals Inc Canada Feasibility 311,710 1.37 4,276
4 Carbo Canadian International Minerals Inc. Canada Target Outline 0 0 0
5 Diamond Creek Colorado Rare Earths Inc. USA Reserves Development 0 0 0
6 Lemhi Pass Colorado Rare Earths Inc. USA Target Outline 0 0 0
7 Wet Mountains Colorado Rare Earths Inc. USA Reserves Development 13,960 1.01 141
8 Eldor Commerce Resources Corp Canada Reserves Development 117,340 1.74 2,042
9 Charley Creek Crossland Uranium Mines Ltd Australia Target Outline 0 0 0
10 Nyngan Gilgai EMC Metals Corp Australia Feasibility 12012 0.03 3
11 Nutaaq Forum Uranium Corp Canada Exploration 0 0 0
12 Zandkopsdrift Frontier Rare Earths Ltd South Africa Reserves Development 43,730 2.16 946
13 Montviel GeoMega Resources Inc Canada Reserves Development 250,600 1.46 3,646
14 Machinga Globe Metals and Mining Ltd Malawi Target Outline 0 0 0
15 Mount Muambe Globe Metals and Mining Ltd Mozambique Target Outline 0 0 0
16 Hunters Point Globex Mining Enterprises Inc Canada Exploration 0 0 0
17 Benjamin River Great Western Minerals Group Ltd Canada Exploration 0 0 0
18 Deep Sands Great Western Minerals Group Ltd USA Target Outline 0 0 0
19 Douglas River Great Western Minerals Group Ltd Canada Exploration 0 0 0
20 Hoidas Lake Great Western Minerals Group Ltd Canada Reserves Development 2,847 2.03 58
21 Red Wine Great Western Minerals Group Ltd Canada Exploration 0 0 0
22 Steenkampskraal Great Western Minerals Group Ltd South Africa Feasibility 250 11.8 29
23 True Blue Great Western Minerals Group Ltd Canada Exploration 0 0 0
24 Kvanefjeld Greenland Minerals and Energy Ltd Greenland Reserves Development 619,000 1.06 6,555
25 Yangibana Hastings Rare Metals Ltd Australia Target Outline 3,500 1.7 60
26 Sarfartoq Hudson Resources Inc Greenland Reserves Development 14,058 1.51 213
27 REE Project IAMGOLD Canada Reserves Development 466,800 1.65 7,702
28 Maoniuping Jiangxi Copper Co Ltd. China Production 62,300 2.89 1,800
29 Cummins Range Kimberley Rare Earths Ltd Australia Reserves Development 4,170 1.72 72
30 Kangankunde Lynas Corp Ltd. Malawi Reserves Development 2,530 4.24 107
31 Mt. Weld Lynas Corp Ltd Australia Preproduction 23,941 7.9 1,891
32 Zeus Matamec Explorations Canada Reserves Development 16,314 0.50 82
33 Songwe Hill Mkango Resources Malawi Reserves Development 1,512 1.73 26

Source: Metals Economics Group

34 Mountain Pass Molycorp Inc. USA Preproduction 13,108 8.24 1,080
35 Lofdal Nambia Rare Earths Inc. Nambia Exploration 0 0 0
36 Browns Range Northern Minerals Ltd Australia Target Outline 0 0 0
37 Naualla Peak Resources Ltd Tanzania Target Outline 0 0 0
38 George River Quest Rare Minerals Ltd Canada Exploration 0 0 0
39 Misery Lake Quest Rare Minerals Ltd Canada Exploration 0 0 0
40 Strange Lake Quest Rare Minerals Ltd Canada Reserves Development 229,800 0.91 2,100
41 Loonie Rara Terra Capital Corp Canada Exploration 0 0 0
42 Clay-Howells Rare Earth Metals Inc. Canada Target Outline 0 0 0
43 Lavergne-Springer Rare Earth Metals Inc. Canada Exploration 0 0 0
44 Letitia Lake Rare Earth Metals Inc. Canada Target Outline 0 0 0
45 Bear Lodge Rare Element Resources Ltd USA Reserves Development 28,105 2.96 832
46 Eden Lake Rare Element Resources Ltd Canada Exploration 0 0 0
47 Port Hope Simpson Search Minerals Inc Canada Target Outline 0 0 0
48 Pope’s Hill Silver Spruce Resources Ince Canada Exploration 0 0 0
49 Kw yjibo SOQUEM Inc Canada Exploration 0 0 0
50 Kutessay ll Stans Energy Corp Kyrgyzstan Feasibility 18,011 0.26 46
51 Norra Karr Tasman Metals Ltd Sweden Reserves Development 60,500 0.54 327
52 Otanmaki Tasman Metals Ltd Finland Reserves Development 460 2.71 12
53 Mercier Threegold Resources Inc. Canada Target Outline 0 0 0
54 Bokan Mountain Ucore Rare Metals Inc. United States Reserves Development 3,669 0.75 27
55 Iron Hill US Rare Earths Inc. United States Feasibility 2,155,600 0.12 2,608
56 Rodeo de Los Molles Wealth Minerals Ltd Argentina Reserves Development 5,600 2.10 118
Benchmarking
IAMGOLD’s REE Project
# Project Name Owner Country Stage Resource (‘000 Tonnes) Grade (%) TREO (‘000 Tonnes)
1 REE Project IAMGOLD Canada Reserves Development 466,800 1.65 7,702
2 Kvanefjeld Greenland Minerals and Energy Ltd Greenland Reserves Development 619,000 1.06 6,555
3 Nechalacho Avalon Rare Metals Inc Canada Feasibility 311,710 1.37 4,276
4 Montviel GeoMega Resources Inc Canada Reserves Development 250,600 1.46 3,646
5 Iron Hill US Rare Earths Inc. United States Feasibility 2,155,600 0.12 2,608
6 Strange Lake Quest Rare Minerals Ltd Canada Reserves Development 229,800 0.91 2,100
7 Eldor Commerce Resources Corp Canada Reserves Development 117,340 1.74 2,042
8 Mt. Weld Lynas Corp Ltd Australia Preproduction 23,941 7.9 1,891
9 Maoniuping Jiangxi Copper Co Ltd. China Production 62,300 2.89 1,800
10 Nolans Bore Arafura Resources Ltd Australia Feasibility 46,000 2.5 1,150
11 Mountain Pass Molycorp Inc. USA Preproduction 13,108 8.24 1,080
12 Zandkopsdrift Frontier Rare Earths Ltd South Africa Reserves Development 43,730 2.16 946
13 Bear Lodge Rare Element Resources Ltd USA Reserves Development 28,105 2.96 832

Source: Metals Economics Group

14 Norra Karr Tasman Metals Ltd Sweden Reserves Development 60,500 0.54 327
15 Sarfartoq Hudson Resources Inc Greenland Reserves Development 14,058 1.51 213
16 Wet Mountains Colorado Rare Earths Inc. USA Reserves Development 13,960 1.01 141
17 Rodeo de Los Molles Wealth Minerals Ltd Argentina Reserves Development 5,600 2.1 118
18 Kangankunde Lynas Corp Ltd. Malawi Reserves Development 2,530 4.24 107
19 Zeus Matamec Explorations Canada Reserves Development 16,314 0.5 82
20 Cummins Range Kimberley Rare Earths Ltd Australia Reserves Development 4,170 1.72 72
21 Yangibana Hastings Rare Metals Ltd Australia Target Outline 3,500 1.7 60
22 Hoidas Lake Great Western Minerals Group Ltd Canada Reserves Development 2,847 2.03 58
23 Kutessay ll Stans Energy Corp Kyrgyzstan Feasibility 18,011 0.26 46
24 Steenkampskraal Great Western Minerals Group Ltd South Africa Feasibility 250 11.8 29
25 Bokan Mountain Ucore Rare Metals Inc. United States Reserves Development 3,669 0.75 27
26 Songwe Hill Mkango Resources Malawi Reserves Development 1,512 1.73 26
27 Otanmaki Tasman Metals Ltd. Finland Reserves Development 460 2.71 12

 Of the 27 projects with a  Compared to other rare earth  IAMGOLD’s REE Project’s resource is
defined resource, most are in projects, IAMGOLD’s REE Project has +7.7Mt compared to average of
the reserves development stage significantly more TREO resources 1.4Mt. This represents 5.5x the
average rare earth deposit
IAMGOLD’s REE Project is significantly larger
18
than other rare earth projects
Benchmarking
IAMGOLD’s REE Project (cont’d)
Canada USA Rest of the world

Overview
Market Cap (US$M) $5,015 $316 $217 $12 $3,100 $281 $1,810 $205 $104
Project REE Project Nechalacho Hoidas Lake Montviel Mountain Pass Bear Lodge CL Kvanefjel Zandkopsdrift
Northern Cape, South

Source: Metals Economics Group, Company Filings, Analyst Reports

Location Quebec, Canada Yukon, Canada Saskatchewan, Canada Quebec, Canada California, USA Wyoming , USA Laverton, Australia Kujalleq, Greenland
Africa

Total Resource (tonnes) 466,800,000 311,710,000 2,847,431 250,600,000 13,108,000 28,105,000 14,949,000 619,000,000 43,730,000
Stage Inferred M&I M&I M&I P&P M&I M&I M&I M&I
TREO% (grade) 1.65 1.37 2.03 1.46 8.24 2.96 9.77 1.06 2.16
TREO (tonnes) 7,702,200 4,276,000 57,803 3,645,887 1,080,320 832,000 1,460,000 6,555,000 945,863
HREO/TREO (%) 1.88 15.48 3.7 1.71 0.46 3.23 2.84 11.80 7.87
CREO/TREO (%) 24.02 34.63 28.71 22.86 16.15 24.78 24.92 26.20 25.94

Last published study NI 43-101 Resource PFS NI 43-101 Resource NI 43-101 Resource DFS PEA DFS Interim PFS PEA

Production
Next study PEA DFS PEA PEA
(non-stockpile)
PFS Production Final PFS PFS
Expected Date 2012 2H/2012 n/a Q4/2012 Q1/2012 Q1/2012 Q2/2012 Q2/2012 Q4/2012

Mine Plan n/a Underground Underground Open Pit Open Pit Open Pit Open-Pit Open Pit Open Pit
Syenite/
Host Rock Carbonatite Granite
Granite Carbonatite Carbonatite Carbonatite Carbonatite Peralkaline Carbonatite

Bastnaesite/ Apatite/Allanite/ Huanghoite/

Key REE Mineralization Fergusonite Bastnaesite Bastnaesite Monazite Steenstrupine Monazite
Monazite Bastnaesite Cebaite
Metallurgy Stage Bench DPP 1:100 Bench Bench Production Bench Near Production DPP 1:9000 Bench
Potential By-Products Sc, Y, Ga, Sr Ta, Nb, Zr, Hf P Nb n/a n/a Ta, Nb, Fe, Ph U (main prod.), Zn n/a

Tonnes Milled (tonnes/yr) n/a 730,00 260,000 1,500,000 657,000 326,587 250,000 7,200,000 1,000,000
TREO (tonnes/yr) n/a 10,000 5,000 3,000-5,000 of Nd 40,000 10,400 22,000 7,000 (REE only) 20,000
Targeted Start Date n/a 2015 2016 2015 2012 2015 2012 2016 2015

Accessibility Very Good Satisfactory Satisfactory Very Good Excellent Good Very Good Satisfactory Good
Existing Infrastructure Excellent Satisfactory Satisfactory Good Good Good Good Satisfactory Good
Power/Local Resources Very Good Good Good Very Good Very Good Good Good Satisfactory Good

Peer selection based on:  Most projects have a  IAMGOLD’s infrastructure provides
Relative stage of development, Resource size, PEA/PFS completed speed to market advantage
Grade and HREO & CREO distribution

19
 Global REE Projects

# of
REE Projects 208

145

56 6 2 1
19

Project REE as Primary Owner is

} 15

Exploration
13

Target Outline Reserves Feasibility Pre-Production Production

Containing REE Commodity Publicly Traded Stage Development

191 114 43 12 12 19 7 2 1
Number of companies

Source: Metals Economics Group

Early days: 50% of REE projects have not yet 20
declared a reserve
Ground to Market Process

Products
 Permanent magnets
 LED’s
 Consumer Electronics

REFINING
5 to meet specific downstream technological applications
SEPARATION
4 separating and purifying the individual REE oxides

HYDRO-METALLURGY
3 cracking the REE minerals to produce mixed REE oxides concentrates

MILLING
2 grinding and beneficiation of REE minerals

MINING
1 From the ground to the crushed ore

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IAMGOLD REE Milestones
 Further exploration and infill drilling expected to extend resource model
Drilling below current depth
 8,750 m drill campaign initiated in Jan’12 to define lateral extent of resource

Scoping  2012 Scoping Study will define significance of REE resource

Study

Pilot  Extend Niobec drift at 1,300 m level to access REEs by Q3’12

Plant  25 tonne metallurgical sample to be obtained to perform pilot plant testwork
Testing  Potential testing at Niobec’s processing plant facility

Exploring  JV partners and strategic alliances

options

22
 REE Technical Information
Qualified Person/Control Notes
REE Technical Information and Qualified Person/Quality Control Notes

Mineral resource estimates have been prepared in accordance with National Instrument 43-101 Standards of Disclosure
for Mineral Projects (“NI 43-101”). The “Qualified Person” responsible for the supervision of the preparation and review
of this information is Marie-France Bugnon, P. Geo.,General Manager, Exploration. Marie-France is considered a “Qualified
Person” for the purposes of National Instrument 43-101 with respect to the technical information being reported. The
“Qualified Person” responsible for the estimation of the Mineral Resources is Pierre Jean Lafleur, Eng., principal
consultant of P.J. Lafleur Géo-Conseil Inc ("PJLGC") of Ste-Thérèse, Québec. Pierre Jean is an independent person
considered a “Qualified Person” for the purposes of National Instrument 43-101 with respect to the technical information
being reported. The technical information has been included herein with the consent and prior review of the above noted
Qualified Person. The Qualified person has verified the data disclosed and the data underlying the information or
opinions contained herein. Core assays are performed on core sawed or split in half. The samples were assayed by using
sodium peroxide fusion and Inductively Coupled Plasma Mass Spectrometry (ICP-MS) for lanthanides over upper limit,
and re-assayed by sodium peroxide fusion and a combination of Inductively Coupled Plasma Optical Emission
Spectrometry (ICP-OES) and ICP-MS for 55 elements. Assays were carried out at SGS Canada Inc. of Lakefield, Ontario and
Actlabs Ltd of Ancaster, Ontario. Certified reference material, duplicate and blanks were inserted in the sample sequence
for quality control.

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Thank You
Contact us
IAMGOLD Corporation
401 Bay Street, Suite 3200P.O. Box 153, Toronto, Ontario M5H 2Y4 Canada
T: 416 360 4710 | TF: 1 888 464 9999 | F: 416 360 4750

Jeffery Snow
SVP & General Counsel
Pierre Pelletier
VP, Metallurgy
Stephen Eddy
Director, Corporate Development

April, 2012

IAMGOLD.COM | TSX: IMG | NYSE: IAG

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