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    GOLD FIELDS                             IAMGOLD CORPORATION                    

SIGNING OF THE DEFINITIVE AGREEMENT BETWEEN GOLD FIELDS LIMITED AND IAMGOLD
CORPORATION

30 September 2004

Toronto, Canada and Johannesburg, South Africa, September 30, 2004 -

Further to the announcement of August 11, 2004, Gold Fields Limited (JSE, NYSE:
GFI) ("Gold Fields") and IAMGOLD Corporation, (TSX:IMG; AMEX:IAG) ("IAMGOLD")
today announced that they have signed a definitive agreement setting out the
terms on which IAMGOLD will acquire the assets of Gold Fields outside of the
Southern African Development Community (the "SADC"). Under the definitive
agreement, IAMGOLD will issue, subject to adjustment, to Gold Fields
351,690,218 fully paid common shares in consideration for Gold Fields' non-SADC
mining, development and exploration assets. The transaction will result in Gold
Fields owning approximately 70 percent of the fully diluted equity of the
enlarged company. In addition, shortly before completion, IAMGOLD shareholders
(other than Gold Fields), registered as such on a record date prior to closing
of the transaction, will receive a special cash dividend of C$0.50 per IAMGOLD
share. For Canadian RRSP purposes, the enlarged company will remain a Canadian
corporation.

Subject to the approval of the Johannesburg Securities Exchange ("JSE"), an
information circular setting out full details of the transaction will be mailed
to shareholders of record of Gold Fields and IAMGOLD on or around 10 November
2004 . The transaction remains subject to approval by IAMGOLD and Gold Fields
shareholders and satisfaction of certain other conditions precedent, including
the receipt of all required regulatory approvals. The date for the shareholder
meetings, expected to occur in early to mid-December, will be provided in the
information circulars to be mailed to shareholders and a further announcement
will be made at that time. The transaction is expected to close on or around 31
December 2004.

Following closing of the transaction, the name of the newly created corporation
will be changed to Gold Fields International Limited ("Gold Fields
International").

Overview of Gold Fields International

Gold Fields International will have interests in six operating mines: four in
West Africa (Tarkwa and Damang in Ghana, Sadiola and Yatela in Mali) and two in
Australia (St. Ives and Agnew) with 2005 forecast production totaling 2.0
million ounces of gold. In addition, Gold Fields International will have two
near-term greenfield development projects, located in Finland (Arctic Platinum)
and, subject to completion of the acquisition thereof, Peru (Cerro Corona),
along with various royalty interests and an attractive portfolio of
advanced-stage exploration projects in Latin America, Canada, Australia, China
and Africa.

For further details, please see the Terms Announcement that has been issued by
Gold Fields via SENS and is available on Gold Fields web site: 
www.goldfields.co.za; or IAMGOLD's website: www.iamgold.com

Cautionary Statements

Safe Harbor Statement under the United States Private Securities Litigation
Reform Act of 1995: Certain statements in this document constitute "forward
looking statements" within the meaning of Section 27A of the US Securities Act
of 1933 and Section 21E of the US Securities Exchange Act of 1934. Such
forward-looking statements, including but not limited to those with respect to
the price of gold, the timing and amount of estimated future production, costs
of production, estimated operating results, reserve determination and reserve
conversion rates, involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievement of
IAMGOLD or Gold Fields to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statements. Such risks, uncertainties and other factors include, among others,
risks related to the integration of acquisitions, increased production costs,
risks related to international operations, risks related to joint venture
operations, the actual results of current exploration activities, actual
results of current reclamation activities, conclusions of economic evaluations,
changes in project parameters as plans continue to be refined, future prices of
gold, currency devaluations, labour disruptions; changes in government
regulations, particularly environmental regulations, changes in exchange rates,
inflation and other macro-economic factors, as well as those factors discussed
in the section entitled "Risk Factors" in the Form 40-F for IAMGOLD and the
Form 20-F for Gold Fields as on file with the U.S. Securities and Exchange
Commission in Washington, D.C. Although IAMGOLD and Gold Fields have attempted
to identify important factors that could cause actual results to differ
materially, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements. These
forward-looking statements speak only as of the date of this document.

Investors are advised that National Policy 43-101 of the Canadian Securities
Administrators requires that each category of mineral reserves and mineral
resources be reported separately. Investors and securities holders should refer
to the annual information form of IAMGOLD for the year ended December 31, 2003,
and material change reports filed by IAMGOLD since January 1, 2003 available at
www.sedar.com, for this detailed information with respect to IAMGOLD, which is
subject to the qualifications and notes set forth therein. United States
investors are advised that while the terms "measured" and "indicated" resources
are recognized and required by Canadian regulations, the SEC does not recognize
them. Investors are cautioned not to assume that all or any part of mineral
deposits in these categories will ever be converted into reserves.

Enquiries

Gold Fields:

Willie Jacobsz

+27 82 493 1377

Cheryl Martin

+1 303 796-8683

IAMGOLD:

Tom Atkins

+1 416 360 4710

toll-free +1 888 IMG 9999



END

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