SEMAFO Inc.
TSX : SMF

SEMAFO Inc.

April 29, 2008 08:19 ET

Semafo Commended for Corporate Social Responsibility

MONTREAL, April 29 - SEMAFO (TSX: SMF), a Canadian-based
mining company with gold exploration and production activities in West Africa
today announced that it has been selected as a finalist for the 2008 Alpha
Awards.

"We are pleased to be in the running for such a prestigious award," said
Benoit La Salle, Semafo's President and CEO. "This nomination further
corroborates Semafo's efforts and determination to evolve conscientiously to
become a major player in our geographical area of interest. At Semafo we
strive not only to be good corporate citizens, but to make a difference and
ultimately improve the quality of life in the communities in which we
operate."



In 2007, Semafo's contributions to the west-African countries included:

Kiniero, Guinea Samira Hill, Niger

- Support traditional authorities, - Champion local, traditional
village wise men during religious celebrations for employees and
ceremonies/ celebrations their families
- Construction: - Support traditional tribal
- Schoolhouse with 3 classrooms ceremonies/celebrations
- Balan district office - School supplies for 6 villages
- Kiniero health centre - Road construction and repair
- Cultural centre - Construction of 4 classrooms,
- Franco-Arab School including furniture
- Structure for Balan outdoor - Provide cellular telephone access
market - Provide electricity
- Renovation of the Balan mosque - $2,000 investment for maintenance
and sanitation facilities of wells
- Donations to the villages for - Purchase and donation of :
fire prevention, pilgrimages, - 4 grain mills
religious holidays - 2 tractors
- Spraying of the village's main 2007: 8,016 including 30 medical
routes to minimize dust evacuations to Niamey, and
- Provide financial support and 24 childbirths
supplies for students and
professors
- Medical consultations:
- 2007: 8,036
- 2008: 1,537


Mana, Burkina Faso

- Champion local traditional ceremonies/celebrations
- Restoration of 36 school desks and chairs
- Repairs to the main road to Boromo
- Relocation of 2 villages
- Construction:
- 425 houses
- 4 wells
- 1 church
- 1 mosque
- 1 youth centre
- 2 women's centers
- Medical consultations:
- 2007: 3,285
- 2008: 810


"We are proud of our accomplishments in 2007 and remain dedicated to
making a difference to build a better tomorrow," said Mr. La Salle.

"This nomination is a testimony to the individual contributions of each
and every employee to the overall success of the organization," said Benoit
Desormeaux, Executive Vice-President and Chief Operating Officer, "from the
operations teams, including our expatriates, in Niger, Guinea and Burkina Faso
to the staff at our head office in Montreal, I believe that we will all share
a sentiment of accomplishment as a result of this nomination."

The Alpha Awards are presented by the Chamber of Commerce and Industry of
Saint-Laurent, Québec, Canada, to recognize organizational excellence,
performance and social responsibility. Winners will be announced at the Gala
Alpha, May 15, 2008.

About SEMAFO

Semafo is a Canadian-based mining company with gold production and
exploration activities located 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 values 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.

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