IAMGOLD Updates Camp Caiman Project

TORONTO, ONTARIO (TSX: IMG)(NYSE: IAG)(BOTSWANA: IAMGOLD) announces that the final decision from the French authorities regarding the Camp Caiman permits was expected on November 18th, 2007, upon the completion of the national forum on the environment (Grenelle de l'Environnement). That series of workshops and committee sessions throughout France was concluded at the end of October. The Company has been advised that before the Camp Caiman permits can be delivered, a delegation, representing environmental, labour, governmental and commercial interests will conduct a final visit to French Guiana to ensure that our Camp Caiman project continues to meet or exceed the current standards for responsible mining practices. This delegation should complete its mission shortly.

In the meantime, we continue to receive full cooperation and support for our project from the relevant authorities. At this time, although the delivery of the final permits may extend somewhat beyond the end of November, we do not anticipate a delay that would have a material impact on our construction plans or the economics of the Camp Caiman project.

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

Contacts: IAMGOLD Corporation Lisa Doddridge Director, Investor Relations [phone] or Toll Free: 1-888-IMG-9999 [phone] (FAX) Email: [e-mail] Website: www.iamgold.com Renmark Financial Communications Inc. John Boidman [phone] [phone] (FAX) Email: [e-mail] Renmark Financial Communications Inc. Henri Perron [phone] [phone] (FAX) Email: [e-mail] Website: www.renmarkfinancial.com