IAMGOLD Corp. has announced that in the future its shareholders will have the choice of accepting dividend payments in gold or Canadian dollars.

Investors could either receive a gold bullion depository certificate from a major institution or the dividend could possibly be paid through mechanisms to effect the usage of gold as money via the Internet, similar to the programs developed by such companies as “goldmoney.com”.

This option will only be applicable to future dividends. IAMGOLD’s inaugural annual dividend payment of 5¢ per share applied to shareholders of record as of December 24, 2001.

Todd Bruce, president and COO 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.”