IAMGOLD Announces Investment in Stronghold

IAMGOLD Corporation

announced today that it has indirectly acquired, through the acquisition by a 95% owned subsidiary, 7,500,000 common shares of Stronghold Metals Inc., on a prospectus exempt basis, as partial consideration under an earn-in agreement with Stronghold with respect to the Eagle Mountain exploration concession in Guyana. IAMGOLD now indirectly owns, through its 95% owned subsidiary, 11,500,000 common shares of Stronghold or approximately 15.6% of the outstanding common shares.