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IAMGOLD Corporation

IAMGOLD Declares Annual Dividend

Toronto (ots/PRNewswire)

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
IAMGOLD Corporation ("IAMGOLD" or "the Company") (TSX:IMG,
AMEX:IAG) is pleased to announce an annual dividend payment of
CAD$0.06 per share on January 5th, 2005 to shareholders of record as
of December 20th, 2004.
William Pugliese, Chairman of the Board said: "We are pleased to
continue IAMGOLD's Dividend Policy with the fourth consecutive annual
dividend to shareholders. Amidst all the corporate activity of the
past year, IAMGOLD has continued to strengthen through reserve
expansions, and significant cashflow from operations and royalties.
The annual distribution of a dividend delivers a direct financial
return and represents our philosophy to provide income as well as
capital appreciation to shareholders.
The dividend will be distributed in Canadian funds to all
shareholders except those registered in the United States. United
States registered shareholders will receive the dividend in U.S.
funds based on the U.S. to Canadian dollar exchange rate as issued by
the Bank of Canada at the close of business on the record date,
December 20, 2004.
Cautionary Statements
Safe Harbor 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 or Gold Fields 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.
Investors are advised that National Policy 43-101 of the Canadian
Securities Administrators requires that each category of mineral
reserves and mineral resources be reported separately. Investors and
securities holders should refer to the respective annual information
forms of IAMGOLD each for the year ended December 31, 2003 available
at www.sedar.com, for this detailed information, which is subject to
the qualifications and notes set forth therein. United States
investors are advised that while the terms "measured", "indicated"
and "inferred" resources are recognized and required by Canadian
regulations, the SEC does not recognize them. Inferred mineral
resources have a great amount of uncertainty as to their existence
and great uncertainty as to their economic and legal feasibility. It
cannot be assumed that all or any part of an inferred mineral
resource will ever be upgraded to a higher category. Under Canadian
rules, estimates of inferred mineral resources may not form the basis
of feasibility or other economic studies. Investors are cautioned not
to assume that all or any part of mineral deposits in these
categories will ever be converted into reserves. Investors are also
cautioned not to assume that all or any part of an inferred mineral
resource exists or is economically or legally mineable.
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.

Contact:

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

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