Northern Superior Completes Acquisition by IAMGOLD

Northern Superior Resources Inc. has successfully finalized its acquisition by IAMGOLD Corporation. The arrangement allowed IAMGOLD to acquire all of the common shares of Northern Superior, making it a wholly-owned subsidiary. Northern Superior shareholders will receive 0.0991 IAMGOLD shares and C$0.19 in cash per share held prior to the transaction's effective time.

The deal also includes the distribution of ONGold Resources Ltd. shares, with shareholders receiving 0.19574366 shares per Northern Superior share. Consequently, Northern Superior's shares will be delisted from the TSX Venture Exchange. Northern Superior will apply to cease being a reporting issuer in several Canadian provinces.

IAMGOLD's acquisition positions the company to enhance its mining operations in Québec, with plans to develop a significant mining complex in the region. Eligible former shareholders may choose to apply tax deferral options related to the transaction.