Kiniero Mine Update



    TSX-SMF

    MONTREAL, Oct. 24 /CNW Telbec/ - SEMAFO (TSX-SMF) is pleased to provide
an update on operations at the Kiniero mine.
    Following a full geological review initiated and directed by Semafo's
qualified person, Michel Crevier, a series of initiatives were implemented in
order to restore the mine to satisfactory economic production during the
fourth quarter of 2007. Principal aspects of these initiatives included:

    
    - Mill shutdown / maintenance work originally scheduled for December took
      place in September in order to ensure ongoing availability and
      satisfactory throughput.

    - A shift in mining planning from the Northeast Gobele D and Gobele C
      pits to the West Balan pit.

    - Pit stripping of West Balan was completed in late September, access
      road is also completed.

    - We are awaiting imminently the mining permit.

    - Semafo's Mining Operations Manager since 2004, Patrick Moryoussef,
      mining engineer, has relocated to Guinea as an expatriate and has
      assumed the position of Mine Manager, Kiniero Mine.
    

    "Kiniero's gold production of 20,400 oz. for the first three quarters of
2007 and particularly that of the third quarter has been inadequate to say the
least," said Benoit Desormeaux, Chief Operating Officer, Semafo. "We are
confident, however, that we have taken the necessary steps to rectify the
situation and look forward to stable production for the remainder of 2007 and
into 2008."
    In light of the situation, the 2007 Kiniero production forecast has been
revised to 28,000-30,000 ounces with an outlook of 40,000 oz. for 2008.

    About SEMAFO

    Semafo is a Canadian-based mining company conducting exploration,
development and production activities in West Africa. The Company currently
operates two gold mines, the Kiniero mine in Guinea and the Samira Hill mine
in Niger. A third mine, the Mana gold project in Burkina Faso, is under
construction with plant commissioning scheduled for December 2007. 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: Tina Cameron:
tcameron@renmarkfinancial.com; Eric St-Pierre: estpierre@renmarkfinancial.com,
(514) 939-3989, Fax: (514) 939-3717, www.renmarkfinancial.com

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