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Randgold Resources (RRS)

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Monday 30 July, 2007

Randgold Resources

JV with IAMGOLD in Senegal

Randgold Resources Ld
30 July 2007

Incorporated in Jersey, Channel Islands
Reg. No. 62686
LSE Trading Symbol: RRS
Nasdaq Trading Symbol: GOLD


London, 30 July 2007 - Randgold Resources (LSE:RRS) (Nasdaq:GOLD) and IAMGOLD
Corporation ('IAMGOLD') have concluded a joint venture agreement on IAMGOLD's
Bambadji gold project in eastern Senegal.  The 343 km(2) Bambadji permit is
adjacent to Randgold Resource's Loulo mining complex across the border in Mali.

In terms of the agreement, Randgold Resources will earn a 51% stake in IAMGOLD's
interest in the project by funding and completing a pre-feasibility study.
IAMGOLD can then retain a 49% interest by co-funding a full feasibility study or
dilute to 35% by letting Randgold Resources provide the full funding.  Randgold
Resources chief executive Mark Bristow said the agreement extended and
consolidated the company's groundholding in the Loulo region, which it believed
to be one of the most prospective gold exploration areas in the world at

'Past exploration on Bambadji has indicated the presence of favourable geology,
geochemical anomalies and gold mineralisation with strong similarities to the
Loulo project area.  We already have a team there completing an interpretation
of the Senegal-Mali structural corridor, which includes a 25 by 5 kilometre gold
in soil anomaly that has seen very little drilling.  The next phase will be
target generation and the design of field exploration programmes to start in the
last quarter of this year,' he said.

Chief Executive      Exploration Manager             Investor & Media Relations
Dr Mark Bristow      Paul Harbidge                   Kathy du Plessis
+44 788 071 1386     +44 1534 735 333                +44 20 7557 7738
+44 779 775 2288     +44 777 552 5583 (Mobile)
+223 675 0122


DISCLAIMER: Statements made in this document with respect to Randgold Resources'
current plans, estimates, strategies and beliefs and other statements that are
not historical facts are forward-looking statements about the future performance
of Randgold Resources.  These statements are based on management's assumptions
and beliefs in light of the information currently available to it.  Randgold
Resources cautions you that a number of important risks and uncertainties could
cause actual results to differ materially from those discussed in the
forward-looking statements, and therefore you should not place undue reliance on
them.  The potential risks and uncertainties include, among others, risks
associated with: fluctuations in the market price of gold, gold production at
Morila, the development of Loulo and estimates of resources, reserves and mine
life.  For a discussion on such risk factors refer to the annual report on Form
20-F for the year ended 31 December 2006 which was filed with the United States
Securities and Exchange Commission (the 'SEC') on 25 June 2007.  Randgold
Resources sees no obligation to update information in this release.  Cautionary
note to US investors: the 'SEC' permits companies, in their filings with the '
SEC', to disclose only proven and probable ore reserves.  We use certain terms
in this release, such as 'resources', that the 'SEC' does not recognise and
strictly prohibits us from including in our filings with the 'SEC'.  Investors
are cautioned not to assume that all or any parts of our resources will ever be
converted into reserves which qualify as 'proven and probable reserves' for the
purposes of the SEC's Industry Guide number 7.

                      This information is provided by RNS
            The company news service from the London Stock Exchange        EILFILDEIIVID