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IAMGOLD Corporation

/C O R R E C T I O N -- IAMGOLD Corporation/

Toronto, Canada (ots/PRNewswire)

In the news release,
"Goldfields Board Reaffirms Commitment to IAMGOLD  Transaction"
issued on 19 Oct 2004 06:25, by IAMGOLD Corporation amex:IAG  over PR
Newswire, please note that the country codes in the fifth paragraph
headed ACTUAL CONFERENCE CALL should all be +1-(0)800.  Complete,
corrected  release follows:
Earlier today, in a statement issued to the Johannesburg Stock
Exchange the Board of Directors of Gold Fields Limited (JSE,
NYSE:GFI) ("Gold Fields") indicated its unanimous rejection of the
unsolicited offer from Harmony Gold Mining Company Limited (NYSE:
HMY; JSE: HAR) ("Harmony") made earlier today to purchase Gold
Fields. The Board of Gold Fields reaffirmed its commitment to the
transaction announced on August 11, 2004 wherein Gold Fields agreed
to combine its international assets with IAMGOLD Corporation,
(TSX:IMG; AMEX:IAG) ("IAMGOLD") to create the new two million ounce
North American listed gold producer. A quote from the statement by
Gold Fields read:
"Harmony has stated that its proposal will be subject to Gold
Fields not proceeding with the proposed merger of its international
assets with IAMGOLD Corporation Inc. The Board of Gold Fields
continues to firmly believe that the IAMGOLD transaction is in the
best interests of shareholders as it provides an international
platform for aggressive growth with full access to international debt
and capital markets. It unlocks the intrinsic value of Gold Fields'
international assets and places control of a global growth vehicle
firmly in South African hands. The see through value of Gold Fields'
International assets has increased by more than USD 0.5bn from
announcement of the IAMGOLD transaction till Friday 15th October
close."
Joe Conway, President and CEO of IAMGOLD commented on the Gold
Fields board's rejection of the Harmony offer and its support of the
transaction with IAMGOLD, stating: "It comes as no surprise that the
Gold Fields board has rejected the Harmony offer. It seems desperate
that Harmony would attempt this transaction in the face of the
overwhelming support of the IAMGOLD - Gold Fields transaction.
Furthermore, that the Harmony transaction is no better than neutral
to Harmony's own shareholders only in the unlikely event that Harmony
is successful in extracting an additional 15% operating efficiencies
from Gold Fields' assets leaves little upside for Gold Fields or
Harmony's own shareholders in terms of value. We understand Gold
Fields' board also has concerns as to some of the regulatory risks of
the Harmony offer with respect to how it has been structured and the
concentration such a pro-forma company might have among the South
African gold mining industry.
Conference Call and Webcast
Gold Fields Limited will be hosting two conference calls
responding to Harmony's previously announced takeover of Gold Fields
Ltd. One call will take place during Johannesburg's morning, and the
second will occur during Johannesburg's afternoon to allow North
Americans to participate. Both calls will be webcast, and the links
will be posted on Gold Fields and IAMGOLD's websites at:
www.goldfields.co.za and www.iamgold.com.
First Conference Call:
    10:00 a.m. Johannesburg time
    4:00 a.m. North America (Eastern time)
    PASSCODE: 35085977
    Second Conference Call:
    4:00 p.m. Johannesburg time
    10:00 a.m., For North America (Eastern time)
    PASSCODE: 91851708
Both conference calls will utilise the same toll-free dial-in
phone numbers, but they will have different passcodes, referenced
above.
    ACTUAL CONFERENCE CALL
    South Africa, toll-free: +1(0)800-996-636
    United Kingdom, toll-free: +1(0)800-2800-2002
    France, toll-free: +1(0)800-907-369
    Germany, toll-free: +1(0)800-181-3857
    Italy, toll-free: +1(0)800-784-533
    Switzerland, toll-free: +1(0)800-564-442
    North America, toll-free: +1-888-482-0024
    International Toll call to be used anywhere in the world: +1-617-801-9702
SIMULTANEOUS AUDIO WEBCAST
Available at Gold Fields website, www.goldfields.co.za with a link
from IAMGOLD's website: www.iamgold.com.
DIGITAL REPLAY AVAILABLE ONE-HOUR AFTER CALL
First Call:
    Worldwide: +1-617-801-6888, Passcode: 22691010
    Toll-free North America: +1-888-286-8010, Passcode: 22691010
    (Available for 7 days, through October 26)
IAMGOLD Corporation
IAMGOLD is a leading gold mining exploration and development
company. Its principal assets, located in West Africa, include a 38
per cent stake in the Sadiola Gold Mine, a 40 per cent stake in the
Yatela Gold Mine, both located in Mali, West Africa and an 18.9 per
cent stake in the Tarkwa and Damang mine complex in Ghana, West
Africa. The combined annual expected gold production from these
properties for 2004 is expected to be approximately 420,000 ounces.
IAMGOLD also has a diverse royalty portfolio, which includes a one
percent royalty interest in the Diavik Diamond Project in Canada.
IAMGOLD is listed on both the Toronto Stock Exchange and the American
Stock Exchange.
Cautionary Statements
Safe Harbour Statement under the United States Private Securities
Litigation Reform Act of 1995: Except for the statements of
historical fact contained herein, the information presented
constitutes "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements, including but not limited to those with
respect to the price of gold, silver and copper, the timing and
amount of estimated future production, costs of production, reserve
determination and reserve conversion rates involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievement of IAMGOLD to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such factors
include, among others, risks related to the integration of
acquisitions, risks related to international operations, risks
related to joint venture operations, the actual results of current
exploration activities, actual results of current reclamation
activities, conclusions of economic evaluations, changes in project
parameters as plans continue to be refined, future prices of gold,
silver and copper, as well as those factors discussed in the section
entitled "Risk Factors" in the Form 40-F for each company as on file
with the Securities and Exchange Commission in Washington, D.C.
Although IAMGOLD has attempted to identify important factors that
could cause actual results to differ materially, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove
to be accurate as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements.
Please note:
This entire press release may be accessed via fax, e-mail,
IAMGOLD's website at www.iamgold.com and through Canada Newswire's
website at www.newswire.ca. All material information on IAMGOLD can
be found at www.sedar.com or at www.sec.gov. If you wish to be placed
on IAMGOLD's e-mail press release list please contact us at 
info@iamgold.com.
TSX Trading Symbol: IMG
    AMEX Trading Symbol: IAG
    Total Shares Outstanding: 145.6MM
    Fully Diluted: 151.6MM
    52-Week Trading Range: Cdn$5.75 - $10.99

Contact:

Joe Conway, President and CEO, Tel: +1-(416)-360-4710, Fax:
+1-(416)-360-4750 or Tom Atkins, Vice-President, Investor Relations,
Toll-free: +1-888-IMG-9999

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