Toronto, Ontario--(Newsfile Corp. - November 14, 2023) - IAMGOLD Corporation (TSX: IMG) (NYSE: IAG) ("IAMGOLD" or the "Company"), announced today that it has filed, through its wholly-owned subsidiary IAMGOLD France S.A.S. ("IAMGOLD France"), a draft buy-out offer with the Autorité des marchés financiers ("AMF") in France to acquire all of the outstanding common shares ("EURO Shares") of EURO Ressources S.A. ("EURO") that IAMGOLD France does not already own for cash consideration of €3.50 per EURO Share (the "Offer Price") to be followed immediately by a squeeze-out under French law (the "Offer").

The Offer Price represents a 6.71% premium based on the closing price of the EURO Shares on the Euronext Paris stock exchange as of 13 November 2023. IAMGOLD France will finance the Offer from existing cash resources.

A draft offer document prepared in accordance with French law disclosing, among other things, the terms of, and proposed timetable for, the Offer will be available on the websites of IAMGOLD (www.iamgold.com) and the AMF (www.amf-france.org), and under EURO's profile on SEDAR+ (www.sedarplus.ca). The IAMGOLD website does not constitute a part of, and is not incorporated by reference into, the offer document or any of the other mentioned documents.

IAMGOLD has appointed Natixis as its Financial Advisor, Presenting and Guaranteeing Bank for the Offer. In connection with the Offer, Norton Rose Fulbright LLP is acting as French counsel to IAMGOLD and Fasken Martineau DuMoulin LLP is acting as Canadian legal counsel to IAMGOLD.

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