MONTREAL, QUEBEC -- (Marketwired) -- 08/29/14

SEMAFO (TSX: SMF)(OMX: SMF)

As a result of the exercise of options, the total number of shares and votes in the Corporation has changed during August 2014 as follows.

The number of shares has increased by 696,250 common shares, and the total number of shares in the Corporation as of August 29, 2014 amounts to 277,449,185 common shares. The total number of votes in the Corporation has increased by 696,250 and amounts to 277,449,185. The Corporation's share capital as of August 29, 2014 amounts to approximately SEK 8,646,214,235.

The above information has been made public in accordance with the Swedish Financial Instruments Trading Act.

About SEMAFO

SEMAFO is a Canadian-based mining company with gold production and exploration activities in West Africa. The Corporation currently owns and operates the Mana Mine in Burkina Faso, which includes the high-grade satellite Siou and Fofina deposits. SEMAFO is committed to evolve in a conscientious manner through the responsible development of its Mana property. SEMAFO's strategic focus is to maximize shareholder value by effectively managing its existing assets as well as pursuing organic and strategic growth opportunities.

Contacts:
Robert LaValliere
Vice-President, Corporate Affairs & Investor Relations
Cell: +1 (514) 240 2780
Robert.Lavalliere@semafo.com

Ruth Hanna
Communications & Investor Relations
Ruth.Hanna@semafo.com
Tel. local & overseas: +1 (514) 744 4408
North America Toll-Free: 1 (888) 744 4408
Website: www.semafo.com