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SEMAFO/One Million Ounces of Initial In-pit Inferred Resources at Siou: 6.7 Million Tonnes at 4.62 g/t Au

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Conference Call

SEMAFO will host a conference call today, Thursday February 21, 2013 at 11:00 EST to discuss this press release. Investors are invited to call the following telephone numbers to participate in the conference:

Tel. local & overseas:   +1 (416) 981-9000Tel. North America:      1 (800) 772-3714


To access the graphic content of the conference call, please click on the following link: Siou Images

The conference call will be archived for replay until March 10, 2013. To access the archived conference call, please dial 1 (800) 558-5253 and enter pass code 21650201 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 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 "will", "preliminary", "could", "should", "objective", "goal", "underway", "committed", "evolve", "become", "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 Siou's ability to enhance the head-grade at the Mana processing plant for years to come, provide great synergy with current mining operations and reduce total cash cost per ounce at Mana, the ability to advance the Siou Deposit to production, the ability to convert as much of the in-pit inferred resources to the proven and probable reserves category in the third quarter 2013, the ability to begin mining the zone in late 2014 or early 2015, the ability of our exploration drilling to test the potential extension and to better establish the continuity of the deeper mineralization, the ability to execute on our strategic focus, fluctuation in the price of currencies, gold or operating costs, mining industry risks, exploration uncertainties, permitting 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 2011 Annual MD&A and 2011 Annual Information Form as updated in our 2012 First Quarter MD&A, 2012 Second Quarter MD&A and 2012 Third 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.

The above information has been made public in accordance with the Swedish Securities Market Act and/or the Financial Instruments Trading Act.

Figures 1, 2 and 3 are available at the following address: http://media3.marketwire.com/docs/semafo0221.pdf



Contacts:
SEMAFO
Robert LaValliere
Vice-President, Investor Relations
Cell: +1 (514) 240 2780
robert.lavalliere@semafo.com

Sofia St Laurent
Communications & Investor Relations
Tel. local & overseas: +1 (514) 744 4408
North America Toll-Free: 1 (888) 744 4408
sofia.stlaurent@semafo.com
www.semafo.com

Maria Bang
Brunswick Group Stockholm
+46 (8) 410 32 189
mbang@brunswickgroup.com





Source: Marketwire


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