Semafo Announces Inauguration of its Mana Mine



    SEMAFO TSX-SMF

    MONTREAL, July 2 /CNW Telbec/ - SEMAFO (TSX: SMF) today announced that on
June 30th, 2008 the Company hosted the official inauguration of its Mana mine
in Burkina Faso. His Excellence Mr. Tertius Zongo, Prime Minister of Burkina
Faso presided over the ceremony along with Semafo's President and CEO, Benoit
La Salle. Government officials from Burkina Faso and Canada along with members
of the media and invited guests attended the event.
    "This was a very special day for the entire Semafo team," said
Benoit La Salle. "This inauguration is the culmination of the efforts of
hundreds of individuals over many years. It is a testimony to the outstanding
contributions of our valued employees, working together in collaboration with
contractors, suppliers and government officials for the project's overall
success. Mana will undoubtedly become a showcase for Semafo and Burkina Faso
moving forward."
    "We are pleased and proud of the smooth, successful ramp-up of the
Mana mine and remain positive that we will meet our 2008 production guidance
of 60,000 - 70,000 ounces," said Benoit Desormeaux, Executive Vice-President
and COO. "Our ongoing commitment to best practices and corporate
responsibility is fundamental to the continued success at Mana and all of our
operations."
    Mana is Semafo's newest mine located in Burkina Faso, approximately
200 km west of the capital Ouagadougou. The Mana mine's first gold pour took
place on March 31, with commercial production declared during the second
quarter 2008. Mana has a total of 924,600 ounces of gold mineral reserves,
317,800 ounces of measured and indicated resources and 1,867,100 ounces of
inferred resources. The Mana start-up marked the third time Semafo has
successfully brought a West African gold project into production.

    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 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 Financial Communications: Maurice
Dagenais, mdagenais@renmarkfinancial.com; Jason Roy,
jroy@renmarkfinancial.com, (514) 939-3989, Fax: (514) 939-3717,
www.renmarkfinancial.com

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