Record Gold Production of 195 500 ounces for 2008, 84% Higher than 2007


    MONTREAL, Jan. 8 /CNW Telbec/ - SEMAFO (TSX: SMF) today announced that
its gold production totaled 195,500 ounces in 2008, thereby establishing a
production record, and exceeding the annual budget of guidelines between
165,000 to 185,000 ounces, and the 2007 production of 106,400 ounces. The
increase over 2007, is primarily due to the successful start of the Mana Mine
in April 2008.
    "Semafo's fourth quarter production total of 57,000 ounces set yet
another record for the company, and represents a 3% increase over the last
quarter. The Mana mine continues to make a strong contribution to our overall
gold production results. We are pleased with the total production of 2008,"
said Benoit Desormeaux, Executive Vice-President and COO. "We have very strong
results and a new annual production record for the company; once again, a
testimony to the strength and determination of our operating teams."
    "We are extremely pleased with the start up of the Mana Mine, which has
allowed us to capture the benefits of a strong gold price environment. We are
focused on maximizing the financial performance of each operating mines, and
increasing shareholder value through organic growth and accretive
acquisitions," said Benoit La Salle, President and CEO.
    Production numbers are preliminary and may be subject to final

    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.


    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 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,; Sofia St Laurent, Communications, (514)

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