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IMG.TO ·

Iamgold Confirms RAMP - up of Mining Operations at Southern Pits of Rosebel GOLD Mines

Corporate Updates

NEWS RELEASE

TSX:

IMG

NYSE:

IAG

IAMGOLD CONFIRMS RAMP

-

UP OF MINING OPERATIONS AT

SOUTHERN PITS OF ROSEBEL GOLD MINES

Toronto, Ontario,

October 3

, 201

9

–

IAMGOLD Corporation

(“IAMGOLD” or the “Company”)

confirms

that it continues ramp

-

up activities at its southern pits at

its Rosebel Gold Mine (“Rosebel”) in Suriname

.

In

response to recent media reports, the Company

reports

that there was no blockade at Rosebel.

We reiterate

that

our

2019 guidance for

Rosebel

remains conservative

,

incorporating several scenarios,

including cases with no production from

the

southern pits and Saramacca

.

We continue to work closely

with

, and have the full support of,

the

local

community, the union and the

h

ighest levels of the government

. We

remain confident regarding our

original

ramp

-

up timeline for the

southern pits.

About IAMGOLD

IAMGOLD (

www.iamgold.com

) is a mid

-

tier mining company with four operating gold mines on three

continents. A solid base of strategic assets in North and South America and West Africa is complemented

by development and

exploration projects and continued assessment of accretive acquisition opportunities.

IAMGOLD is in a strong financial position with extensive management and operational expertise.

For further information please contact

:

Indi Gopinathan

,

Investor Relations Lead, IAMGOLD Corporation

Tel: (416) 360

-

4743 Mobile: (416) 388

-

6883

Martin Dumont

, Senior Analyst Investor Relations, IAMGOLD Corporation

Tel: (416) 933

-

5783 Mobile: (647) 967

-

9942

Toll

-

free: 1

-

888

-

464

-

9999

[email protected]

Please note:

This entire

news

release may be accessed via fax, e

-

mail, IAMGOLD's website at www.iamgold.com and through

Newsfile’s

website

at

www.newsfilecorp.com

. 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

www.iamgold.com/French/Home/default.aspx

.