SEMAFO and Burkina Faso Partner to Develop Solar Power Station



    SEMAFO TSX-SMF

    MONTREAL, May 20 /CNW Telbec/ - SEMAFO (TSX: SMF) announced today the
signature of a partnership with the government of Burkina Faso to undertake a
pre-feasibility study to construct a 20 MW solar power station to generate
electricity.
    The first phase of this endeavor will be carried out as part of SEMAFO's
ongoing corporate responsibility program in close collaboration with the
government of Burkina Faso. This important partnership is aimed at stimulating
and sustaining the country's socio-economic development, by increasing the
national electrical production capacity, thereby availing the population to a
more adequate, low cost electricity supply.
    "On behalf of the president and government of the country, Burkina Faso's
Minister for the Mines and Energy, Mr. Abdoulaye Abdoulkader CISSE, and Mr.
Lucien Marie Noel BEMBAMBA, Minister of Economic and Financial Affairs
expressed great confidence in our company," said Elie Justin OUEDRAOGO,
SEMAFO's National director, Burkina Faso. "The Company has always striven to
be a good corporate citizen and remains committed to making a significant
contribution and improving the quality of life in the communities in which we
operate," added Mr. OUEDRAOGO.
    Under this agreement, the government of Burkina Faso in collaboration
with SEMAFO will undertake the necessary studies to move forward toward the
realization of this important project.

    About SEMAFO

    SEMAFO is a Canadian-based mining company with gold production and
exploration activities 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 principles 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 the Company's expectations 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 Company's Annual Information Form and
other filings 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, Toll-Free: 1-888-744-4408, Fax: (514) 744-2291, blasalle@semafo.com;
Sofia St Laurent, Communications, (514) 744-4408, Toll-Free: 1-888-744-4408,
Fax: (514) 744-2291, sstlaurent@semafo.com

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