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Section:

8:34p ET Thursday, January 10, 2002

Dear Friend of GATA and Gold:

Yesterday IAMGOLD Corp. announced that it will be
keeping its spare cash in gold bullion. Today IAMGOLD
announced that it will give its shareholders the option
of receiving their dividends in bullion as well.

This double blow struck for gold as money was even more
encouraging for us at GATA because IAMGOLD raised the
possibility of using our friend and consultant James
Turk's gold storage and exchange facility,
www.GoldMoney.com. There's no charge to open a holding
at www.GoldMoney.com, and it's worth checking out if
only to get an idea of the opportunity for bringing
gold back to the world as a fully competitive currency
-- indeed, as a currency immune to depreciation.

IAMGOLD's second blow for gold as money is appended
here.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

IAMGOLD FUTURE DIVIDENDS TO BE PAID OUT IN GOLD

MARKHAM, Ontario, January 10 -- IAMGOLD Corp. (TSE:IMG)
is pleased to announce that as a logical extension of
its new Gold Money Policy, announced on January 9, it
will in the future provide its shareholders with the
choice of accepting dividend payments in gold or
Canadian dollars.

The introduction of IAMGOLD's Gold Money Policy has
allowed the Company to provide its shareholders with
the further opportunity of directly exploiting the
monetary nature of gold by implementing a program that
would empower shareholders to take future dividend
payments either in Canadian dollars or in gold. The
former option would be effected by a traditional
payment of Canadian dollars. The latter option would be
effected either by the issuance of a gold bullion
depository certificate from a major institution or
possibly through the innovative mechanisms to effect
the use of gold as money via the Internet, similar to
the programs developed by such companies as
www.GoldMoney.com.

This extension of IAMGOLD's Gold Money Policy will of
course be applicable only to future dividends given
that IAMGOLD's inaugural annual dividend payment of
Cdn$0.05 per share applied to shareholders of record as
of December 24, 2001.

Todd Bruce, president and chief operating officer of
IAMGOLD, said, "We are excited by our Gold Money Policy
as it enables IAMGOLD to be the first company to
establish a policy of offering its shareholders the
opportunity to receive future dividends in gold. We
believe that this further distinguishes IAMGOLD in
terms of it being the premier gold-backed company in
the gold mining industry."

A discussion of IAMGOLD's Gold Money Policy can be
found on the company's website. A simultaneous audio
webcast and conference call regarding IAMGOLD's new
Gold Money Policy will take place on January 11, 2002,
at 11 a.m. EST. If you would like to participate in the
audio webcast, please see our website at
www.iamgold.com or Canada Newswire's website at
www.newswire.ca. If you would like to participate in
the conference call, please call 416-640-4127 or 1-888
881-4892 (North American toll-free) on January 11 at
10:50 a.m. EST.

IAMGOLD is a leading mining, exploration, and
development company. Its principal assets are a 38
percent stake in the Sadiola gold mine and a 40 percent
stake in the Yatela gold mine. Measured and indicated
resources at Sadiola are 4.6 million ounces of gold
(including reserves of 3.3 million ounces). Inferred
resources are 5.2 million ounces. Measured and
indicated resources at Yatela are 2.2 million ounces of
gold (including reserves of 1.6 million ounces).
Inferred resources are 0.4 million ounces with an
additional 0.2 million ounces of inferred resources at
Alamoutala. IAMGOLD is actively exploring highly
prospective ground in Africa and South America. IAMGOLD
is a TSE 300 company, its shares are traded on the
Toronto Stock Exchange under the symbol IMG.