Semafo to Proceed With Deep Drilling Exploration Program at Mana



    Record Gold Production in January

    SEMAFO TSX-SMF

    MONTREAL, Feb. 25 /CNW Telbec/ - SEMAFO (TSX: SMF) today announced that
the Company will invest $4 million in an in-depth drilling exploration program
at its Mana mine in Burkina Faso. Deep drilling up to 20,000 meters will be
carried out in the high-potential Wona zone following last year's previously
announced positive drill results.
    A company production record of 21,100 ounces of gold was achieved in the
month of January. To date, the Company realized an average selling price of
$920 per ounce as spot gold prices remain favorable.
    "Mana continues to surpass expectations," said Benoit Desormeaux,
Executive Vice-President and COO. "This new in-depth drilling program to
evaluate the underground mine potential along with our regular exploration
work is aimed at growing our resource and reserves and ultimately increasing
shareholder value."
    Production numbers are preliminary and may be subject to final
adjustment.

    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; Sofia St Laurent, Communications, (514)
744-4408, sstlaurent@semafo.com

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SEMAFO INC.

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