An anonymous director reports

IAMGOLD ANNOUNCES COMMENCEMENT OF CASH TENDER OFFER FOR UP TO $150 MILLION OF ITS 6.75% SENIOR NOTES DUE 2020

Iamgold Corp. has commenced a tender offer to purchase for cash from each registered holder up to $150-million aggregate principal amount of the company's outstanding 6.75-per-cent senior notes due 2020. All monetary amounts are expressed in U.S. dollars, unless otherwise indicated.

The offer is being made by the company pursuant to the offer to purchase dated Aug. 8, 2016, and the related letter of transmittal.

The attached table summarizes certain payment terms of the offer.

Description of notes             Cusip/ISIN         Outstanding    Maximum tender         Tender  Early tender   Total
                                               principal amount            amount  consideration       payment

6.75% senior notes         Cusip: 450913AC2;       $635,000,000      $150,000,000           $940           $30    $970
due 2020                          C4535AAA8   
                         ISIN: US450913AC25;
                               USC4535AAA81
                                    
(1) Per $1,000 principal amount of notes tendered and accepted for purchase
(2) Includes the early tender payment 

The offer will expire at midnight (New York time) on Sept. 2, 2016 (one minute after 11:59 p.m. (New York time) on Sept. 2, 2016), unless extended or earlier terminated.

The early tender deadline for the offer will be 5 p.m. (New York time) on Aug. 19, 2016.

Holders of the notes must validly tender their notes at or before the early tender time in order to be eligible to receive the early tender payment (as defined below) in addition to the tender consideration (as defined below). The notes tendered may be withdrawn prior to 5 p.m. (New York time) on Aug. 19, 2016, but not thereafter, except as required by applicable law.

The total consideration for each $1,000 principal amount of the notes is $970, which includes an early tender payment of $30 per $1,000 principal amount of the notes and a tender payment of $940 per $1,000 principal amount of the notes.

The early tender payment is payable only to holders who tender and validly deliver their notes prior to or at the early tender time. Holders validly tendering and not withdrawing notes prior to or at the early tender time will be eligible to receive the total consideration (including the early tender payment) on the early settlement date (as defined below) in respect of notes accepted for purchase. Holders validly tendering their notes after the early tender time and prior to or at the expiration date will be entitled to receive the tender consideration, namely an amount equal to the total consideration less the early tender payment, on the final settlement date (as defined below) in respect of notes accepted for purchase. In addition, holders whose notes are purchased in the offer will receive accrued and unpaid interest in respect of their purchased notes from the last interest payment date to, but not including, the applicable settlement date (as defined below).

Payment for notes that are validly tendered at or prior to the early tender time and not validly withdrawn at or prior to the withdrawal deadline, and accepted for purchase in the offer, will be after the early tender time but prior to the expiration date, and is expected to be on or about Aug. 22, 2016. Payment for notes that are validly tendered after the early tender time, but at or prior to the expiration date, and accepted for purchase in the offer, will be promptly after the expiration date, and is expected to be on or about Sept. 6, 2016.

If the aggregate principal amount of notes validly tendered in the offer exceeds the maximum tender amount, then, subject to the terms and conditions of the offer, the company will accept notes on a pro rata basis as described in the offer to purchase. If an aggregate principal amount of notes that equals or exceeds the maximum tender amount is validly tendered at or prior to the early tender time and accepted for purchase, holders who validly tender notes after the early tender time will not have any of their notes accepted for purchase.

The company's obligation to accept for purchase, and to pay for, the notes validly tendered pursuant to the offer is subject to, and conditioned upon satisfaction or waiver of, certain conditions, including the completion of the company's previously announced equity offering, as set forth in the offer documents, in the sole discretion of the company. The offer is not conditioned on any minimum participation by the holders.

The company may increase the maximum tender amount in its sole discretion but is under no obligation to do so. There can be no assurance that the company will exercise its right to increase the maximum tender amount.

Notes may be tendered and will be accepted for payment only in denominations of $2,000 and any integral multiple $1,000 in excess thereof. Any tender of notes the proration of which would otherwise result in a return of notes to a tendering holder in a principal amount below the minimum denomination of $2,000 principal amount may be rejected in full or accepted in full in the sole discretion of the company.

The dealer manager for the offer is Citigroup Global Markets Inc., 390 Greenwich St., 1st floor, New York, N.Y., 10013, United States, attention: liability management group, U.S. toll free: 1-800-558-3745, collect: 1-212-723-6106.

The information and tender agent for the offer is Global Bondholder Services Corp. To contact the information and tender agent, banks and brokers may call 1-212-430-3774, and others may call U.S. toll-free: 1-866-470-4500. Additional contact information is set forth below:

By mail, hand or overnight courier:  65 Broadway, Suite 404, New York, N.Y., 10006, United States, attention: corporate actions

E-mail:  info@gbsc-usa.com (for eligible institutions only)

By facsimile transmission:  1-212-430-3775/3779, attention: corporate actions

Confirmation by telephone:  1-212-430-3774

Holders of the notes are urged to read the offer documents carefully. Any questions or requests for assistance in relation to the offer documents may be directed to the dealer manager at its telephone number set forth above, or to the holder's broker, dealer, commercial bank, trust company or other nominee for assistance concerning the offer. Requests for additional copies of the offer documents may be directed to the information and tender agent at the addresses and telephone numbers set forth above. Documents relating to the offer, including the offer to purchase and the letter of transmittal, are also available on Global Bondholder's website.

The offer is being made solely pursuant to the offer documents. The offer is not being made in, nor will the company accept tenders of notes from, any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. None of the company, Computershare Trust Company NA, Computershare Trust Company of Canada, the dealer manager, or the information and tender agent is making any recommendations to the holders as to whether or not to tender all or any portion of notes. Holders must decide whether to tender notes and, if tendering, the amount of notes to tender.

We seek Safe Harbor.