SEMAFO to Release 2010 Fourth Quarter and Year-End Financial Results on March 16, 2011

MONTREAL, QUEBEC--(Marketwire - March 7, 2011) - SEMAFO (TSX:SMF) today announced that the Company's fourth quarter and year-end financial and operational results for the period ended December 31, 2010 will be released on Wednesday, March 16, 2011. The financial statements will be available on the Company's website at www.semafo.com or at www.sedar.com.

SEMAFO will host a conference call to discuss the results, as well as to provide an update on operations.

The conference call will feature Benoit La Salle, President and Chief Executive Officer, Benoit Desormeaux, Executive Vice-President and Chief Operating Officer, Martin Milette, Chief Financial Officer, Michel Crevier, SEMAFO's Geology Manager and Qualified Person, and Patrick Moryoussef, Mining Operations Manager.

The conference call will be archived for replay until April 7, 2011. To access the archived conference call, please dial 1 800 558-5253 and enter pass code 21512810 followed by the number sign (#).

A live audio webcast of the conference can be accessed through SEMAFO's website at www.semafo.com. The webcast will be available for replay for a period of 90 days.

About SEMAFO

SEMAFO is a Canadian-based mining company with gold production and exploration activities in West Africa. The Company 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.