Mana gold project approaches start-up



    TSX-SMF

    MONTREAL, Dec. 28 /CNW Telbec/ - SEMAFO (TSX - SMF) is pleased to
announce that plant start-up at the Mana gold project is still scheduled for
mid-February 2008.

    A brief overview of the projects development is as follows:

    
    - All infrastructure has been completed
    - All equipment for start-up has been delivered
    - Mining is underway
    - Construction of the rompad has been completed
    - Power generators have been installed and are operational
    - The water dam and tailings dam have been completed
    - The crushing circuit has been installed and will be commissioned in
      January
    - The 2,000 tonne/day ball mill is being installed and will be completed
      by the end of January
    - The shell of the 4,000 tonne/day ball mill will be shipped to Africa in
      early January
    - The laboratory and gold room will be completed in January
    - Our workforce and management team is in place
    

    The Mana gold project is both fully permitted and fully funded.
Construction updates will continue to be provided monthly. Site photography is
updated and can be viewed via the internet at www.semafo.com.
    Deep drilling on the previously announced extension of the Wona structure
has been completed. Results are expected at the end of January 2008.

    About SEMAFO

    Semafo is a Canadian-based mining company with gold production and
exploration activities located in West Africa. The Company currently operates
two gold mines with a third, the Mana mine in Burkina Faso, in the latter
stages of construction. 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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SEMAFO INC.

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