Mr. Graeme Jennings reports

IAMGOLD ANNOUNCES IMPLEMENTATION OF SQUEEZE-OUT FOR THE COMMON SHARES OF EURO RESSOURCES

Iamgold Corp.'s wholly owned subsidiary Iamgold France SAS has notified the Autorite des marches financiers in France of its intention to implement a squeezeout under French law for the remaining 5,291,832 common shares of Euro Ressources SA that Iamgold France does not already own for cash consideration of 3.50 euros per Euro share net of all applicable costs in accordance with the terms of Iamgold France's buyout offer under French law to acquire all of the outstanding Euro shares that was approved by the AMF on Jan. 23, 2024, as previously announced by the company on Nov. 14, 2023, and Jan. 24, 2024.

Pursuant to the notice issued by the AMF on Feb. 12, 2024, the squeezeout will be implemented on Feb. 27, 2024, and the remaining 5,291,832 Euro shares not already owned by Iamgold France will be transferred to Iamgold France in exchange for the squeezeout consideration. The notice is available on the website of the AMF.

On Feb. 13, 2024, the Euronext Paris Stock Exchange published a timetable for implementation of the squeezeout and delisting of the Euro shares on Feb. 27, 2024, which is available on its website.

An offer document and information on the legal, financial and accounting characteristics of Iamgold France supplementing the offer document, prepared in accordance with French law and approved by the AMF on Jan. 23, 2024, disclosing, among other things, the terms of, and proposed timetable for, the offer, as well as certain legal, financial and accounting information concerning Iamgold France, are available on the websites of Iamgold and the AMF, and under Euro's profile on SEDAR+. The Iamgold website does not constitute a part of, and is not incorporated by reference into, the offer document or any of the other mentioned documents.

A reply document prepared by Euro, and approved by the AMF on Jan. 23, 2024, and information on the legal, financial and accounting characteristics of Euro are available on the AMF website and Euro's website.

Iamgold has appointed Natixis as its financial adviser and presenting and guaranteeing bank for the offer. In connection with the offer, Norton Rose Fulbright LLP is acting as French counsel to Iamgold, and Fasken Martineau DuMoulin LLP is acting as Canadian legal counsel to Iamgold.

About Iamgold Corp.

Iamgold is an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa. Iamgold is building the large-scale, long-life Cote gold project in Canada in partnership with Sumitomo Metal Mining Co. Ltd., which is expected to commence production in the first quarter of 2024. In addition, Iamgold has an established portfolio of early-stage and advanced exploration projects within high-potential mining districts in Canada. Iamgold employs approximately 3,600 people, and is committed to maintaining its culture of accountable mining through high standards of environmental, social and governance practices, including its commitment to zero harm, in every aspect of its business. Iamgold is listed on the New York Stock Exchange (IAG) and the Toronto Stock Exchange (IMG), and is one of the companies on the Jantzi Social Index, socially screened and market capitalization weighted, consisting of companies which pass a set of broadly based environmental, social and governance rating criteria.