Semafo - Mana mill starts up



    SEMAFO TSX-SMF

    MONTREAL, Feb. 19 /CNW Telbec/ - SEMAFO (TSX - SMF) today announced that
mill start-up has taken place at its Mana Gold Mine in Burkina Faso. This
process progressively integrates the different plant circuits leading to
continuous production and culminating in a first gold pour scheduled in the
second half of March 2008. Start-up was initiated on February 15th and is
currently proceeding as per plan.
    Production is commencing with the first of two ball mills planned for the
plant. The first ball mill will provide a daily throughput of 2,000 tonnes,
for an estimated monthly gold production of 4,000 ounces. The second ball
mill, once operational, will increase daily throughput to 4,000 tonnes and
consequently increase monthly gold production to 10,000 ounces.
    The second ball mill is scheduled to be in service in the third quarter
of 2008. Accordingly, Mana gold production for the year is anticipated to be
between 60,000 and 70,000 ounces.
    In guidance issued February 7, 2008, overall company cash operating costs
for 2008 were estimated to be in the $400-$450 per ounce range. These figures
reflect a partial year of operation at Mana. Based on current operating
parameters and a full year of production at Mana, it is estimated that overall
cash operating costs will drop to the $370-$410 per ounce range.

    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, entering
production. 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, www.renmarkfinancial.com

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SEMAFO INC.

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