Agreement

This agreement is made in triplicate, between The Minister of the Environment (the Minister) and iamgold Corporation, its agents, successors and assigns (the Proponent)

Concerning

The Cote Gold Project located in Chester and Neville Townships, District of Sudbury, approximately 20 kilometres (km) southwest of Gogama, 130 km southwest of Timmins, and 200 km northwest of Sudbury. This undertaking involves the establishment, construction, operation, and closure of an open pit gold mine and ore processing facility, including associated transportation and electricity infrastructure, waste management and any ancillary activities (the Undertaking).

Whereas section 3.0.1 of the Environmental Assessment Act states:

A person, other than a person referred to in clause 3(a), who carries out, proposes to carry out or is the owner or person having charge, management or control of an enterprise or activity or a proposal, plan or program in respect of an enterprise or activity may enter into a written agreement with the Minister to have this Act apply to the enterprise, activity, proposal, plan or program.

Whereas the Proponent is a person, other than a person referred to in clause 3(a) of the Environmental Assessment Act, who carries out, proposes to carry out or is the owner or person having charge, management or control of an enterprise or activity or a proposal, plan or program in respect of an enterprise or activity which is described above as the Undertaking.

Whereas the Proponent who proposes to engage in the Undertaking and has requested that the Environmental Assessment Act apply to the Undertaking.

Now, therefore

The Minister and the Proponent agree that the Environmental Assessment Act apply to the Undertaking.

This Agreement shall take effect from the date of the last signature below and shall continue indefinitely unless terminated by the agreement of both Parties, in writing.

Executed by:

Original signed by: Ian Parrott
Acting Director, Environmental Approvals Branch
Ministry of the Environment
Date: May 3, 2013

Original signed by: Robert Carreau
Senior Vice President, Health, Safety & Sustainability
iamgold Corporation
I have the authority to bind the Corporation.
Date: May 3, 2013