IAMGOLD TENDER OFFER RESULTS

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IAMGOLD TENDER OFFER RESULTS

posted on Jan 06, 2009 06:12AM

January 6, 2009

EURO Ressources : IAMGOLD TENDER OFFER RESULTS AND CHANGE OF DIRECTORS

PARIS--(Marketwire - January 06, 2009) - IAMGOLD TENDER OFFER RESULTS AND CHANGE OF
DIRECTORS

PARIS, France, January 06, 2009: EURO Ressources S.A. (TSX: EUR;
Euronext of the Bourse de Paris: EUR) reports that the Autorite
des Marches Financiers has announced the final results of the
re-opened tender offer made by IAMGOLD Corporation which closed on
December 17, 2008. IAMGOLD now controls directly and indirectly
52.8 million shares, representing 84.55% of the outstanding and
fully diluted shares of EURO. IAMGOLD made payment on December 31,
2008, for the shares tendered in the re-opened offer and
settlement with intermediaries is in process.

Separately, Mr. James H. Dunnett resigned from the Board of
Directors of EURO as of December 31, 2008 and Mr. Larry Phillips,
Senior Vice President, Corporate Affairs of IAMGOLD was appointed
to fill the vacancy. Mr. Allan J. Marter, President of EURO said,
"We welcome Mr. Phillips as IAMGOLD's first representative on the
EURO board. At the same time, we thank Mr. Dunnett most sincerely
for his service as a director: he was responsible for
restructuring EURO and building EURO to become the successful pure
gold royalty company that it is today." For a limited period, Mr.
Dunnett will remain Directeur-General of EURO to assist in the
transition of management to IAMGOLD.

Prior to year-end, EURO liquidated 50% of the remaining ounces of
its gold hedge. As a result, EURO's remaining hedge is 2,850
ounces hedged for the third quarter and 5,700 ounces for the
fourth quarter of 2009. This liquidation is consistent with EURO's
stated policy of reducing its gold hedges from available
liquidity. The hedged position represents approximately 20% of the
forecast attributable Rosebel gold production payable under the
Rosebel royalty for 2009.

About EURO

EURO is a French company whose principal asset is the Rosebel
Royalty on gold production at the Rosebel mine operated by
IAMGOLD. EURO has approximately 62.5 million shares outstanding.

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