Iamgold Continues to Intersect High Grades at Monster Lake

NEWS RELEASE

TSX: IMG NYSE: IAG

IAMGOLD CONTINUES TO INTERSECT HIGH GRADES AT MONSTER LAKE

Toronto, Ontario, June 14, 2018 – IAMGOLD Corporation (“IAMGOLD” or the “Company”) today

announced assay results from the 2018 winter drilling program completed at its Monster Lake joint venture

project (currently held by IAMGOLD Corporation: 50%, TomaGold Corporation: 45%, and Quinto

Resources Inc.: 5% on the Monster Lake claims block with IAMGOLD continuing to advance its option to

earn in up to a 75% interest). The project is located 50 kilometres southwest of Chibougamau, Quebec,

Canada. The company is reporting the final assay results from all 26 drill holes, totaling 8,282 metres,

completed as part of the initial 2018 program.

The assay results are provided in Table 1 below and include the following highlights:

(A drill hole plan map and longitudinal sections are attached to this news release.)

325 - Megane Zone and Main Shear Zone:

 Drill hole ML18-212: 3.83 metres grading 23.96 g/t gold

o Includes: 1.30 metres grading 67.22 g/t gold

 Drill hole ML18-213: 3.84 metres grading 39.24 g/t gold

o Includes: 1.09 metres grading 127.4 g/t gold

 Drill hole ML18-217: 5.32 metres grading 40.94 g/t gold

o Includes: 0.70 metres grading 251.0 g/t gold

 Drill hole ML18-225: 2.62 metres grading 72.17 g/t gold

o Includes: 1.75 metres grading 107.3 g/t gold

Lower Shear Zone:

 Drill hole ML18-224: 4.32 metres grading 32.07 g/t gold

o Includes: 0.74 metre grading 134.0 g/t gold

 Drill hole ML16-176B Ext : 0.70 metres grading 14.10 g/t gold

The Monster Lake joint venture project hosts an NI 43-101 compliant resource, effective as at February 26,

2018, comprising 1,109,700 tonnes of inferred resources averaging 12.14 grams of gold per tonne for

433,300 ounces of contained gold (see news release dated March 28, 2018). The 2018 winter drilling

program was designed to improve confidence in the continuity of the mineralization and to test for

extensions of the known mineralized zones. Key objectives of the drilling program included: infill drilling

targeting the upper part of the 325-Megane Zone largely delineated by only historical drilling; testing for

proximal extensions along strike and at depth; and evaluating newly discovered areas of mineralization

within a structure parallel to the Main Shear Zone and adjacent to the 325-Megane Zone, referred to as the

Lower Shear Zone. All of the areas targeted in this program are best accessed during the winter when the

ground is frozen.

Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, stated: “We continue to be impressed

with both the continuity and the high grades demonstrated by infill drilling of the 325-Megane Zone.

Although confirming resource extensions and expanding additional areas of mineralization has proved to

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be challenging for our exploration team, this style of mineralization remains an attractive exploration target.

As I have said before, we believe the structural setting suggests favourable potential for the occurrence of

additional mineralized shoots along the Monster Lake structural corridor and we continue to evaluate this

setting for additional zones of mineralization.”

Next Steps

These results will be incorporated into the deposit model and used to update the mineral resources

to guide the next drilling programs. Ongoing geochemical and structural studies will continue to

support exploration targeting. A further round of drilling is being planned to test specific structural

targets which are accessible in the summer season.

About the Monster Lake Project

The Monster Lake project is underlain by Archean volcanic rocks of the Obatogamau Formation and is

traversed by an important deformation corridor and associated gold-bearing mineralized structures.

Historical drilling and exploration by TomaGold Corporation (“TomaGold’) have identified a four-kilometre

long structural corridor, along which most of the known gold occurrences discovered to date on the

property are associated, including the Megane Zone.

The Monster Lake Project is held under an earn-in option to joint venture agreement with TomaGold. The

Company holds an undivided 50% interest in the property, and holds an option to earn a further 25%

undivided interest, for a total 75% undivided interest in the Project, should it spend a total of C$10.0 million

on the Project within a seven year period, beginning January 1, 2015. Should a development decision be

made by the joint venture, or should the joint venture declare commercial production, TomaGold would be

entitled to a further C$1.0 million payment. Under the terms of the option agreement, IAMGOLD continues

to conduct exploration on the project with a view to increase its ownership to 75% .

On August 14, 2017, IAMGOLD subscribed for 27.7 million common shares of TomaGold from treasury

representing 19.98% of the outstanding common shares of TomaGold. The common shares were

purchased at a price of C$0.09 per common share, for an aggregate purchase price of C$2.5 million. Prior

to the acquisition, IAMGOLD did not hold any common shares of TomaGold.

Technical Information and Quality Control Notes

The drilling results contained in this news release 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 an d 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 on. 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 data underlying

the information or opinions contained herein.

The sampling of, and assay data from, the drill core is monitored through the implementation of a quality

assurance - quality control (QA-QC) program designed to follow industry best practice. Drill core (NQ size)

samples are selected by the IAMGOLD geologists and sawn in half with a diamond saw at the project site.

Half of the core is retained at the site for reference purposes. Sample intervals may vary from half a metre

to one and a half metres in length depending on the geological observations.

Samples are transported in sealed bags to ALS Minerals Laboratory located in Val-d’Or,

Québec. Samples are coarse crushed to a -10 mesh and then a 1,000 gram split is pulverized to 95%

passing -150 mesh. ALS Minerals processes analytical pulps directly at their facilities located in Val -d’Or

which is ISO / IEC 17025 certified by the Standards Council of Canada. Samples are analyzed using a

standard fire assay with a 50 gram charge with an Atomic Absorption (AA) finish. For samples that return

assay values over 5.0 grams per tonne (g/t), another pulp is taken and fire assayed with a gravimetric

finish. Core samples showing visible gold or samples which have returned values greater than 10.0 g/t are

re-analyzed by pulp metallic analysis. IAMGOLD inserts blanks and certified reference standard in the

sample sequence for quality control.

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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

production, cash costs, margin expansion, capital expenditures and exploration expenditures and

statements regarding the estimation of mineral resources, exploration results, potential minera lization,

potential mineral resources and mineral reserves) are forward-looking statements. Forward-looking

statements are generally identifiable by use of the words “will”, “should”, “continue”, “expect”, “anticipate”,

“estimate”, “believe”, “intend”, “to earn”, “to have’, “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 abilit y 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

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 Exchang e

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.

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:

Ken Chernin, VP Investor Relations, IAMGOLD Corporation

Tel: (416) 360-4743 Mobile: (416) 388-6883

Laura Young, Director, Investor Relations, IAMGOLD Corporation

Tel: (416) 933-4952 Mobile: (416) 670-3815

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 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.

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Table 1

Notes:

1. Drill hole intercepts are calculated using a 0.50 g/t Au assay cut-off.

2. True widths of intersections are approximately 85 to 90% of the core interval.

3. Assays are reported uncut but high grade sub-intervals are highlighted.

Hole No. AZ DIP EOH From To Interval True Width

(2) Au (1) (3) NOTE

Easting Northing Elevation (°) (°) (m) (m) (m) (m) (m) (g/t)  

ML-18-211 5488114,44 520231,34 370,73 284 -50 657 466,00 468,00 2,00 1,75 1,11 Main Shear Zone

ML-18-212 5488256,00 519817,79 368,61 290 -50 162 26,00 31,00 5,00 3,83 23,96

Including 27,30 29,00 1,70 1,30 67,22

ML-18-213 5488285,18 519847,97 369,01 290 -45 189 38,10 38,80 0,70 0,61 1,18

48,10 52,50 4,40 3,84 39,24

Including 49,00 50,25 1,25 1,09 127,38

53,25 54,15 0,90 0,79 1,45

137,80 140,00 2,20 1,92 0,90 Low er Shear Zone

ML-18-214 5488323,46 519891,80 369,33 290 -45 183 68,87 70,65 1,78 1,55 1,46

78,20 81,45 3,25 2,84 3,81

ML-18-215 5488070,54 520115,27 370,56 290 -52 534 370,60 372,70 2,10 1,83 1,32 Main Shear Zone

ML-18-216 5488302,00 519918,23 369,60 310 -45 147 101,60 102,77 1,17 1,02 0,97

111,45 113,30 1,85 1,61 34,78

ML-18-217 5488301,62 519918,57 369,55 315 -57 279 118,80 119,80 1,00 0,87 8,35

120,80 121,80 1,00 0,87 2,01

123,90 130,00 6,10 5,32 40,94

Including 125,40 126,20 0,80 0,70 251,00

133,10 134,60 1,50 1,31 0,80

ML-18-218 5488241,38 520172,85 370,73 289 -60 549 75,90 77,10 1,20 1,05 1,69 E-W (az N70°) Shear Zone

537,50 539,20 1,70 1,48 2,40 Low er Shear Zone

ML-18-219 5488301,33 519918,87 369,56 315 -67 192 138,00 143,30 5,30 4,63 1,09 Main Shear Zone

ML-18-220 5488363,06 519895,62 369,24 290 -45 177 60,60 63,90 3,30 2,88 2,31

69,80 70,80 1,00 0,87 1,08

ML-18-221 5488378,04 519918,88 369,44 295 -45 99 76,10 77,83 1,73 1,51 1,47

88,80 90,00 1,20 1,05 1,92

ML-18-222 5488377,73 519919,52 369,37 295 -63 147 88,70 98,70 10,00 8,73 1,31

Including 88,70 91,70 3,00 2,62 2,83

ML-18-223 5488377,54 519919,92 369,35 300 -75 153 113,55 115,72 2,17 1,89 3,09

125,05 129,90 4,85 4,23 3,75

ML-18-224 5488225,13 520136,93 370,54 290 -59 549 98,80 100,00 1,20 1,05 1,21 E-W Shear Zone

513,80 518,75 4,95 4,32 32,07

Including 515,80 516,65 0,85 0,74 134,00

ML-18-225 5488335,41 519981,46 370,01 294 -59 228 175,50 178,50 3,00 2,62 72,17

Including 175,50 177,50 2,00 1,75 107,30

182,50 183,50 1,00 0,87 4,33

ML-18-226 5488220,05 520004,76 369,73 290 -52 369 220,30 220,97 0,67 0,58 2,86 Main Shear Zone

ML-18-227 5488408,63 520071,67 370,52 315 -70 465 287,40 288,75 1,35 1,18 5,55

292,30 293,40 1,10 0,96 1,15

ML-18-228 5488219,90 520005,26 369,74 290 -62 417 245,60 248,60 3,00 2,62 0,52 Main Shear Zone

356,00 356,50 0,50 0,44 1,43 Low er Shear Zone

ML-18-229 5488476,86 520177,74 370,98 292 -64 519 336,00 340,35 4,35 3,80 4,52

Including 348,54 349,27 0,73 0,64 3,79

ML-18-230 5488170,98 519966,54 369,37 290 -48 345 14,05 15,60 1,55 1,35 6,52 E-W (az N70°) Shear Zone

193,35 194,35 1,00 0,87 0,74 Main Shear Zone

259,50 260,10 0,60 0,52 1,05

284,00 288,20 4,20 3,67 0,46

ML-18-231 5488593,39 520195,11 370,93 290 -70 501 No significant results

ML-18-232 5488717,30 520216,88 372,12 293 -45 390 217,60 219,55 1,95 1,70 0,77

222,90 223,90 1,00 0,87 0,93

ML-18-233 5488700,24 520144,84 371,24 290 -60 324 116,65 117,55 0,90 0,79 1,43 E-W Shear Zone

182,00 186,10 4,10 3,58 1,47 Main Shear Zone

ML-18-234 5488716,64 520218,46 372,00 300 -60 417 373,30 375,80 2,50 2,18 2,97 Low er Shear Zone

ML-16-176B Ext 5488282,89 520128,70 370,72 283 -60 (+101m)

EOH 551 469,55 470,35 0,80 0,70 14,10 Low er Shear Zone

M-13-102 Ext 5488281,57 520129,45 370,59 290 -63 (+123m)

EOH 507 No significant results Low er Shear Zone

Main Shear Zone

Monster Lake Project Drilling Final Results - 2018 Winter Drilling Program

Main Shear Zone

Main Shear Zone

Low er Shear Zone

Main Shear Zone

UTM NAD83 Zone18

Main Shear Zone

Main Shear Zone

Main Shear Zone

Main Shear Zone

Main Shear Zone

Main Shear Zone

Main Shear Zone

Main Shear Zone

Low er Shear Zone

Main Shear Zone

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