Changed Number of Shares and Votes in SEMAFO

MONTREAL, QUEBEC--(Marketwired - July 29, 2016) - SEMAFO (TSX:SMF)(OMX:SMF) reports the following, in accordance with the Swedish Financial Instruments Trading Act:

As a result of the exercise of stock options, the number of issued and outstanding shares of SEMAFO has increased to 324,305,411 common shares with voting rights as at July 29, 2016.

The information in this release is subject to the disclosure requirements of SEMAFO under the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. This information was publicly communicated on July 29, 2016 at 7:00 a.m., Eastern Daylight Time.

About SEMAFO

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