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Drivers for Exploration SuccessGreenfields to Early Stage Acquisition• Discovery driven• Quality of projects is critical, not quantity• Adopt a long-term view• Exploration is a business, not a science• Predictable funding4

2007 Exploration BudgetConsolidated US$62.9MBudget by LocationBudget by ProgramOpportunityFund2%Australia(restructuring)2%North America21%Restructuring& Other5%OpportunityFund2%Grassroots19%Africa30%South America45%Total ExplorationExpensedCapitalTOTAL$29.6 MNear MineExplor & Dev.42%$33.3M$62.9MAdvancedProjects32%5

Buckreef ProjectLake Victoria GoldfieldsTanzaniaUS$7M Exploration Budget 20077

Buckreef Project, TanzaniaLAKE VICTORIA GOLDFIELDSBuckreef Property8

Buckreef – Prospects and TargetsNew oxide zoneover 400 mstrike• Decision for Pre-Feasibility Study byYE 2007• $3.5M Exploration spending2H 2007– 23,000m of drilling• Resource Development in parallelwith Regional ExplorationResourcesMeasured &IndicatedInferred1 million oz16 million tonnes @ 1.9 g/t0.8 million oz10.9 million tonnes @ 2.4 g/t9

Buckreef Regional Targeting10

Geology – Guiana Shield60°W0 500kmOrenoqueCiudadBolivar10°NGeorgetownSouthAmericaParamariboVENEZUELAOmaiRosebelCayenneCOLOMBIAGUYANASURINAMEFRENCHGUIANACaimanBRAZILBRAZIL60°W0°BRAZILMesozoic and Cenozoic SedimentsMiddle Proterozoic SedimentsUndifferentiated Granite and GneissLower Proterozoic Greenstone BeltImataca Archean ComplexMajor Gold DepositsManausAmazon11

Camp Caiman, French GuianaMontsinéryORAPURN-2CayenneOcéan Atlantique10 KilométresExcellent upsidepotentialRou ra• 24,300 ha land positionGDEHIBPARAMACAACaïmanCARMINACD-6Future rout e d’accès52°Kaw4°30’• Exploration inactivesince 2003• Drill ready targetsSynforme de RéginaFGRANITEJKRé gin aORAPUPARAMACAPermits*Tortue will be asked*12

Camp Caiman, French GuianaOPPORTUNITYCacao7.5 m @ 7.7 g/t9.0 m @ 3.2 g/t9.0 m @ 3.5 g/t16.5 m @ 9.2 g/tSainteMarieMontagneGuadeloupe4.5 m @ 11.8 g/t4.5 m @ 2.1 g/t6.0 m @ 7.5 g/tChangementRN-2 toCayenneOrapuMaripa25.5 m @ 2.48 g/t36.0 m @ 4.3 g/tTrésorCamp CaimanMining ConcessionPatawaCurrent M&I Resource:1.6 M ozsExploration ProgramInitiated• Initiate multi-year effort• More than 20 knowntargetsExploration Potential10.5 m @ 12.4 g/tVéouxMaripaSud-Est0 5 10kilometres6.0 m @ 3.6 g/t34.5 m @ 1.8 g/t10.5 m @ 1.4 g/t3.0 m @ 7.0 g/tTor tueRégina13

Quimsacocha Project, Ecuador14

Quimsacocha, EcuadorA 3.7 M ozIAMGOLD discovery!15

Cross Section - Main Zone60.9m @ 10.9 g/t Au, 27 g/t Ag53.6m @ 38g/t Au, 19 g/t Ag17 m @ 3.1 g/t Au, 11 g/t Ag16

Longitudinal Sections N-SNS17

Quimsacocha – 3D Resource Solid1 g/t shell 1.6 km N-S> 3g/t> 1g/t18

Quimsacocha Regional ExplorationExploration• IP Surveying – in progress• Three I.P. anomalies – open• Drilling at Rio Falso Sur• 8,000 m drill program 2H-072 km19

Rio Falso Sur - Cross Sections20

Quimsacocha StatusPre-feasibility: Q1 2008Status: Project Development• Focus on expansion anddevelopment of knownresources• Drilling on satellite zones• $2.7M satellite targetexplorationResourcesIndicatedInferred3,400,000 oz33 million tonnes @ 3.2 g/t300,000 oz4.0 million tonnes @ 1.9 g/t21

Denver Gold Forum 2007Michael DonnellySenior Vice President, ExplorationSeptember 200722