Conference Call Notification - 2007 Financial Results



    SEMAFO TSX-SMF

    MONTREAL, March 20 /CNW Telbec/ - Semafo Inc. (TSX: SMF) will host a
conference call for the investor community to discuss the company's financial
results for the fourth quarter and year ended December 31, 2007 as well as to
provide updates on operations:

    
                Date:                   Wednesday, March 26, 2008
                Time:                   10:00 AM (ET)
                Tel. local & overseas:  1-416-644-3420
                Tel. North America:     1-800-731-5319
    

    The conference call will feature Benoit La Salle, President and Chief
Executive Officer, Benoit Desormeaux, Executive Vice-President and Chief
Operation Officer, Martin Milette, Chief Financial Officer and Michel Crevier,
Geology Manager and Qualified Person.
    The conference call will be archived for replay until April 2, 2008. To
access the archived conference call, please dial (877) 289-8525 and enter pass
code 2126 6751 followed by the number sign.
    We look forward to your participation and thank you for your interest in
Semafo.

    The common shares of Semafo are traded on The Toronto Stock Exchange
under the symbol "SMF".

    About SEMAFO

    Semafo is a Canadian-based mining company with gold production and
exploration activities located in West Africa. The Company currently operates
three gold mines, in Burkina Faso, Niger and Guinea. Semafo is committed to
evolve in a conscientious manner to become a major player in its geographical
area of interest, while maintaining values and strengthening relationships to
increase shareholder value.

    FORWARD-LOOKING STATEMENTS

    This press release may contain forward-looking statements. These
forward-looking statements include, but are not limited to, statements
regarding expectations of the Company as to the market price of gold,
strategic plans, future commercial production, production targets, timetables,
mining operating expenses, capital expenditures, and mineral reserve and
resource estimates. Forward-looking statements involve known and unknown risks
and uncertainties and accordingly, actual results and future events could
differ materially from those anticipated in such statements. Factors that
could cause future results or events to differ materially from current
expectations expressed or implied by the forward-looking statements include,
but are not limited to, fluctuations in the market price of precious metals,
mining industry risks, uncertainty as to calculation of mineral reserves and
resources, risks related to hedging strategies, risks of delays in
construction, requirements of additional financing and other risks described
in the Company's documents filed from time to time with Canadian securities
regulatory authorities. Although the Company is of the opinion that these
forward-looking statements are based on reasonable assumptions, those
assumptions may prove to be incorrect. Accordingly, readers should not place
undue reliance on forward-looking statements. Readers can find further
information with respect to risks in the Annual Information Form of the
Company and other filings of the Company with Canadian securities regulatory
authorities available at www.sedar.com. The Company disclaims any obligation
to update or revise these forward-looking statements, except as required by
applicable law.




For further information:

For further information: SEMAFO: Benoit La Salle, President & CEO, (514)
744-4408, blasalle@semafo.com; Renmark: Maurice Dagenais,
mdagenais@renmarkfinancial.com; Eric St-Pierre,
estpierre@renmarkfinancial.com, (514) 939-3989, Fax: (514) 939-3717,
www.renmarkfinancial.com

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SEMAFO INC.

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