IAMGOLD Announces French Regulatory Approval for Cash Bid for EURO Ressources

IAMGOLD Corporation

, announced today the opening of its simplified public tender offer (the "Offer") to acquire all of the outstanding common shares of EURO Ressources S.A. ("EURO") that the Company does not already own for cash consideration of €2.84 per share, declared compliant by the French Market Authority (Autorité des Marchés Financiers ("AMF")) on November 12th, 2015. The Offer price represents a significant premium of 32.1% based on the three (3) month volume-weighted average price and 31.5% based on the closing price on October 23rd, 2015, the day prior to the announcement of the filing of the draft Offer for AMF review. Furthermore, the Offer price represents a premium of 60.0% to the Discounted Cash Flow valuation (central case) of EURO as estimated by the presenting bank as its primary valuation method, and approved by the AMF, and as described in the Information Note available on the AMF (www.amf-france.org) and IAMGOLD (www.iamgold.com) websites. This all cash tender Offer received unanimous support from the EURO board of directors who recommends that the EURO shareholders tender their shares to the Offer. The Offer will be open for a period of 20 trading days starting from