Semafo awarded 5 uranium exploration permits in Niger - Permits cover 2,375 km2 in the Arlit region



    TSX-SMF

    MONTREAL, April 10 /CNW Telbec/ - SEMAFO (TSX - SMF) today announced it
has been granted five uranium exploration permits by the Ministry of Mines of
the Republic of Niger, West Africa. The permits, identified as ASA3, ASA4,
GAC1, GAD2 and TEL1, covering 2,375 square kilometres, are strategically
located in the favourable geological setting known as the Tim Mersoi
sedimentary basin, east of the Arlit fault. <a href="http://files.newswire.ca/357/Arlit.doc">Figure 1</a> shows both the location
and geology of the permits.
    These initial permits are part of what will be a larger effort to
increase Semafo's presence in uranium exploration in Niger. Semafo has been
present since 2004 in Niger as an economic partner of the government through
the Samira Hill gold mine which is a significant employer.
    The Republic of Niger is the 4th largest uranium producer in the World
following Canada, Australia and Kazakhstan. Since 1971, an industrial
conglomerate has been operating two uranium mines, the Arlit and Akouta mines,
with an estimated yearly production of 3,200 tonnes U and is currently
developing the Imouraren mine, north of Semafo's permits area. The Chinese
government has recently been awarded a series of permits attesting to the
increased international interest in this geological setting.
    Semafo will intensively explore this favourable ground with a dedicated
team of experts. The investment represents a natural diversification of
Semafo's portfolio of mining properties in West Africa and in Niger
particularly.
    "We are pleased to have selected Semafo for these valued permits thereby
expanding our economic cooperation together" said His Excellency Hama Amadou,
Prime Minister of Niger. "Increased uranium production is central to Niger's
economic future and we look forward to Semafo assuming an important position
in Niger's uranium industry as they have done for our gold sector".

    The common shares of Semafo are traded on The Toronto Stock Exchange
    under the symbol "SMF".

    FORWARD-LOOKING STATEMENTS

    This press release contains "forward-looking statements", including, but
not limited to, the statements regarding the Company's expectations as to the
market price of gold, strategic plans, future commercial production,
production targets, timetables, mine operating costs, fixed assets expenses,
mineral reserve estimates and to the company's perspectives. Forward-looking
statements express, as at the date of this press release, our estimates,
forecasts, projections, expectations and beliefs as to future events or
results. Forward-looking statements are reasonable, but involve a number of
risks and uncertainties, and there can be no assurance that such statements
will prove to be accurate. Therefore, actual results and future events could
differ materially from those anticipated in such statements. Factors that
could cause results or events to differ materially from current expectations
expressed or implied by the forward-looking statements include, but are not
limited to, factors associated with fluctuations in the market price of
precious metals, mining industry risks, uncertainty as to calculation of
mineral reserves, risks related to the grade of reserves, risks related to
hedging strategies, risks of delays in construction and requirements of
additional financing.

    
       Semafo is a mining company whose mission is to explore, develop
       and mine major mineral deposits in West Africa. Semafo currently
     operates the Kiniero mine in Guinea, the Samira Hill mine in Niger
       and the Mana project in Burkina Faso, currently in construction.
    




For further information:

For further information: SEMAFO: Benoit La Salle, President & CEO, (514)
744-4408, Fax: (514) 744-2291, blasalle@semafo.com; Michel Cormier, Qualified
Person, (514) 744-4408, Fax: (514) 744-2291, mcormier@semafo.com; RENMARK:
Tina Cameron: tcameron@renmarkfinancial.com; Christopher Wells:
cwells@renmarkfinancial.com, (514) 939-3989, Fax: (514) 939-3717,
www.renmarkfinancial.com; More extensive information on Semafo can be found on
our home page at http://www.semafo.com

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