Semafo to Release Second Quarter Financial Results on August 12, 2008 - Q2 Conference Call scheduled for August 13, 2008


    MONTREAL, July 23 /CNW Telbec/ - Semafo Inc. (TSX: SMF) will release its
second quarter results for the three-month period ended June 30, 2008 on
Tuesday, August 12, 2008, after market close. In connection with the release,
Semafo will host a conference call on August 13th to discuss the company's
financial results as well as to provide an update on operations.

    Conference call:
                        Date:                    Wednesday, August 13, 2008
                        Time:                    10:00 AM (ET)
                        Tel. local & overseas:   1-416-915-5761
                        Tel. North America:      1-800-590-1817

    Replay information:
                        The conference call will be archived for replay until
                        September 13th, 2008. To access the archived
                        conference call, please dial (877) 289-8525
                        and enter pass code 2127 9078 followed by
                        the number sign (#).

    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,; Renmark: Maurice Dagenais:; Jason Roy:, (514)
939-3989, Fax: (514) 939-3717,

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