Semafo Commissions 4,000 Tonne-per-Day Ball Mill at Mana



    SEMAFO TSX-SMF

    MONTREAL, July 29 /CNW Telbec/ - Semafo Inc. (TSX: SMF) is pleased to
announce the start-up of the new 4,000 tonne-per-day ball mill at its Mana
mine in Burkina Faso.
    "The start-up of the new ball mill marks yet another important milestone
for the Company," said Benoit Desormeaux, Semafo's Executive Vice-President
and COO, "From the efficient 14-month construction to the timely start-up and
commercial production, Mana's smooth, successful progress is a testimony to
the ongoing cooperation and contributions of our valued employees,
contractors, and suppliers."
    During the first three months of operations, April, May and June, Mana
produced 17,200 ounces of gold using the 2,000 tonne-per-day ball mill. Once
fully commissioned, the new ball mill will significantly increase the plant's
throughput and production capacity. Accordingly, management is maintaining its
previously announced production guidance for the Mana mine of between
60,000 and 70,000 ounces of gold for 2008.

    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.


    /NOTE TO PHOTO EDITORS: A photo accompanying this release is available on
    the CNW Photo Network and archived at http://photos.newswire.ca.
    Additional archived images are also available on the CNW Photo Archive
    website at http://photos.newswire.ca. Images are free to accredited
    members of the media/




For further information:

For further information: Semafo: Benoit La Salle, President & CEO, (514)
744-4408, blasalle@semafo.com; Renmark: Maurice Dagenais,
mdagenais@renmarkfinancial.com; Jason Roy, jroy@renmarkfinancial.com, (514)
939-3989, Fax: (514) 939-3717; www.renmarkfinancial.com

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SEMAFO INC.

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