SEMAFO Inc.
TSX : SMF
OMX : SMF

SEMAFO Inc.

May 13, 2016 09:30 ET

SEMAFO Announces Re-Election of Directors

MONTREAL, QUEBEC--(Marketwired - May 13, 2016) - SEMAFO (TSX:SMF)(OMX:SMF) announces that at its Annual General Meeting of Shareholders held on May 12, 2016, all directors nominated in the 2016 management proxy circular were re-elected. A total of 222,815,641 common shares or 80.05% of our issued and outstanding common shares were represented in person or by proxy at the meeting.

Detailed results are as follows:

Nominee Votes for % of
Votes for
Votes
Withheld
% of Votes
Withheld
Terence F. Bowles 222,365,810 99.80 % 449,831 0.20 %
Benoit Desormeaux 222,723,808 99.96 % 91,833 0.04 %
Flore Konan 215,850,095 96.87 % 6,965,546 3.13 %
Jean Lamarre 221,100,507 99.23 % 1,715,134 0.77 %
John LeBoutillier 193,247,323 86.73 % 29,568,318 13.27 %
Gilles Masson 221,511,811 99.41 % 1,303,830 0.59 %
Lawrence McBrearty 222,676,799 99.94 % 138,842 0.06 %
Tertius Zongo 216,219,033 97.04 % 6,596,608 2.96 %

Additionally, the proposal to appoint PricewaterhouseCoopers LLP as auditors was approved:

For: 97.58%
Withheld: 2.42%

Finally, an advisory resolution on the Corporation's approach to executive compensation was approved.

For: 97.86%
Against: 2.14%

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, 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.

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 May 13, 2016 at 9:30 a.m., Eastern Daylight Time.

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