Mana start-up scheduled for February



    SEMAFO TSX-SMF

    MONTREAL, Jan. 29 /CNW Telbec/ - SEMAFO (TSX - SMF) today announced that
plant start-up at the Mana Gold project is scheduled for mid-February 2008.

    A brief overview of the projects development to date is as follows:

    
    - Infrastructure has been completed
    - Equipment for start-up has been delivered
    - Mining is underway in the two pits
    - Run of mine ore is being stockpiled
    - Crushing plant is operational
    - Power generators have been installed and are operational
    - Installation of the 2,000 tonne/day ball mill is 80% completed and will
      be operational in early February
    - The shell and heads for the 4,000 tonne/day ball mill are ready at
      their point of manufacture in China for shipment to port. These and the
      balance of its components are scheduled to be on site  at the end of
      April
    - Various parts of the plant are being commissioned
    - Our workforce and management team is in place
    

    Site photography has been updated and can be viewed via the internet at
www.semafo.com .

    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

Organization Profile

SEMAFO INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890