IAMGOLD Files Final Base Shelf Prospectus

TORONTO, ONTARIO, Jul 30 (MARKET WIRE) --
IAMGOLD Corporation ("IAMGOLD" or "the Company")(TSX: IMG)(NYSE:
IAG)(BOTSWANA: IAMGOLD) today announced it has obtained receipt for a
final short form base shelf prospectus further to its filing of a
preliminary short form base shelf prospectus previously announced on July
13, 2009. The filing of a base shelf prospectus will allow the Company to
make offerings of shares, warrants, debt securities, subscription
receipts or any combination thereof of up to US$700 million during the
next 25 months. The Company filed the base shelf prospectus to increase
financial flexibility but has no immediate intentions to finance. The
proceeds from any such offerings may be used by the Company to fund
acquisitions, development projects on existing or acquired mineral
properties, working capital requirements, repayment of outstanding
indebtedness from time to time or for other general corporate purposes.

Forward Looking Statement

This press 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 the estimation of mineral resources, exploration results,
potential mineralization, potential mineral resources and mineral
reserves) are forward-looking statements. Forward-looking statements are
generally identifiable by use of the words "may", "will", "should",
"continue", "expect", "anticipate", "estimate", "believe", "intend",
"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 ability 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 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 US Securities and Exchange 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.

Please note:

This entire press release may be accessed via fax, e-mail, IAMGOLD's
website at www.iamgold.com and through Marketwire's website at
www.marketwire.com. All material information on IAMGOLD can be found at
www.sedar.com or at www.sec.gov.

Si vous desirez obtenir la version francaise de ce communique, veuillez
consulter le http://www.iamgold.com/fr/accueil.html.

Contacts:
IAMGOLD Corporation
Tamara Brown
Director, Investor Relations
(416) 360-4743 or Toll-free: 1 888 IMG-9999

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