SEMAFO Inc.
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SEMAFO Inc.

October 27, 2011 09:25 ET

SEMAFO: Infill Drilling Confirms High-Grade Mineralization at Mana's Kona Zone: Results Include 6.18 g/t Au over 18 Meters

MONTREAL, QUEBEC--(Marketwire - Oct. 27, 2011) - SEMAFO Inc. (TSX:SMF)(OMX:SMF)today announced results from the reverse circulation ("RC") infill drilling over the Kona open pit area, which confirms the distribution of the mineralization. Results also outline zones of higher grade mineralization as revealed by holes MRC11-367, which returned 6.18 g/t Au (6.61 g/t Au uncut) over 18 meters, MRC11-360 with 3.46 g/t Au over 29 meters and hole MRC11-373 returning 4.0 g/t Au (4.65 g/t Au uncut) over 14 meters.

Kona RC drill result highlights are listed in the table below and illustrated on figure 1 : http://media3.marketwire.com/docs/semafo1027.pdf

Kona Zone Highlights
DDH No.*** Zone Section (N) From To Au* / Length**
MRC11-312 Kona 18525 24.0 38.0 1.76 g/t / 14.0 m
MRC11-317 Parallel 18575 34.0 43.0 1.91 g/t / 9.0 m
MRC11-318 Parallel 18625 161.0 166.0 2.78 g/t / 5.0 m
MRC11-319 Kona 18625 106.0 121.0 4.13 g/t / 15.0 m
MRC11-360 Kona 18625 69.0 98.0 3.46 g/t / 29.0 m
MRC11-361 Kona 18625 50.0 73.0 3.85 g/t / 23.0 m
(3.87 g/t uncut)
MRC11-362 Parallel 18625 35.0 47.0 1.69 g/t / 12.0 m
MRC11-363 Kona 18675 135.0 142.0 2.28 g/t / 7.0 m
MRC11-363 Parallel 18675 104.0 105.0 15.00 g/t / 1.0 m
(36.80 g/t uncut)
MRC11-364 Kona 18675 108.0 124.0 2.30 g/t / 16.0 m
MRC11-365 Kona 18675 71.0 84.0 4.00 g/t / 13.0 m
MRC11-366 Kona 18675 44.0 56.0 7.31 g/t / 12.0 m
(9.83 g/t uncut)
MRC11-367 Kona 18675 8.0 26.0 6.18 g/t / 18.0 m
(6.61 g/t uncut)
MRC11-368 Kona 18725 130.0 144.0 7.82 g/t / 14.0 m
MRC11-369 Kona 18725 108.0 141.0 2.18 g/t / 33.0 m
MRC11-370 Kona 18725 74.0 94.0 3.67 g/t / 20.0 m
MRC11-371 Kona 18725 45.0 64.0 5.84 g/t / 19.0 m
MRC11-372 Kona 18725 21.0 31.0 1.21 g/t / 10.0 m
MRC11-373 Kona 18775 128.0 142.0 4.00 g/t / 14.0 m
(4.65 g/t uncut)
MRC11-374 Kona 18775 113.0 144.0 2.64 g/t / 31.0 m
MRC11-392 Kona 17900 23.0 36.0 1.54 g/t / 13.0 m
MRC11-393 Parallel 17900 20.0 24.0 3.12 g/t / 4.0 m
MRC11-395 Parallel 17925 42.0 45.0 3.66 g/t / 3.0 m
MRC11-396 Kona 17925 25.0 38.0 2.90 g/t / 13.0 m
MRC11-397 Kona 17925 6.0 19.0 1.64 g/t / 13.0 m
MRC11-398 Kona 17950 119.0 120.0 15.00 g/t / 1.0 m
(53.10 g/t uncut)
MRC11-440 Kona 17950 43.0 51.0 6.11 g/t / 8.0 m
(7.80 g/t uncut)
MRC11-441 Kona 17950 17.0 33.0 2.12 g/t / 16.0 m
MRC11-442 Parallel 17975 123.0 125.0 6.80 g/t / 2.0 m
MRC11-443 Parallel 17975 74.0 91.0 1.50 g/t / 17.0 m
MRC11-444 Kona 17975 72.0 80.0 1.59 g/t / 8.0 m
MRC11-445 Kona 17975 23.0 51.0 1.16 g/t / 28.0 m
MRC11-446 Kona 17975 6.0 20.0 2.98 g/t / 14.0 m
* All individual samples are cut at 15 g/t as per Wona Deposit procedures.
** All lengths are measured along the hole axis; additional information is required to determine true widths.
*** MRC11-320 to MRC11-359 and MRC11-400 to MRC11-439 were not drilled on Kona area.

Results from the RC infill drilling on the Kona open-pit area are concordant with the current magnitude of reserves and resources, with a potential slight gain in the northern area.

The exploration programs were designed and managed locally by Dofinta Bondé and David Legault, Mana Mineral's Exploration Chief Geologists, David Lalonde, Deputy Exploration Manager, and Richard Roy P Geo, Exploration Manager, and guided and supervised under the direction of Michel Crevier, P.Geo MScA, Vice-President, Exploration and Mine Geology and SEMAFO's Qualified Person who has reviewed this press release for accuracy and compliance with National Instrument 43-101.

All individual RC samples represent approximately one-meter in length of rock chips homogenized and riffle-split to an approximately 2-kilogram sub-sample, which is sent for preparation and gold assaying at the ALS Chemex laboratories in Ouagadougou, Burkina Faso. Each sample is fire-assayed for gold content on a 50-gram sub-sample at the same ALS Chemex laboratories. In addition to ALS Chemex's own QA/QC (Quality Assurance/Quality Control) program, an internal quality control and quality assurance program is in place throughout the sampling program, using blind duplicates, blanks and recognized industry standards.

About SEMAFO

SEMAFO is a Canadian-based mining company with gold production and exploration activities in West Africa. The Corporation currently operates three gold mines: the Mana Mine in Burkina Faso, the Samira Hill Mine in Niger and the Kiniero Mine in Guinea. SEMAFO is committed to evolve in a conscientious manner to become a major player in its geographical area of interest. SEMAFO's strategic focus is to maximize shareholder value by effectively managing its existing assets as well as pursuing organic and strategic growth opportunities.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results and future events could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements include words or expressions such as "committed", "evolve", "become", "focus", "pursuing", "growth" and other similar words or expressions. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include the ability to execute on our strategic focus, fluctuation in the price of currencies, gold or operating costs, mining industry risks, uncertainty as to calculation of mineral reserves and resources, delays, political and social stability in Africa (including our ability to maintain or renew licenses and permits) and other risks described in SEMAFO's documents filed with Canadian securities regulatory authorities. You can find further information with respect to these and other risks in SEMAFO's 2010 Annual MD&A and 2010 Annual Information Form, as updated in SEMAFO's 2011 First Quarter MD&A and 2011 Second Quarter MD&A, and other filings made with Canadian securities regulatory authorities and available at www.sedar.com. These documents are also available on our website at www.semafo.com. SEMAFO disclaims any obligation to update or revise these forward-looking statements, except as required by applicable law.

Figure 1

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