Semafo Inc.

Mana Reserves Increase 180% Year Over Year

MONTREAL, QUEBEC -- (Marketwire) -- 02/28/11 -- SEMAFO (TSX: SMF) today announced that as at December 31, 2010, SEMAFO's proven and probable mineral reserves increased by 90% to 36,147,800 tonnes at an average grade of 2.43 g/t Au for 2,817,300 ounces compared to 1,485,900 ounces in December 2009. SEMAFO's total measured and indicated resources, including reserves, attained 6 million ounces, compared to 5 million ounces the year prior. Inferred resources increased by 108%, to 55,286,300 tonnes at 1.94 g/t Au for 3,459,400 ounces compared to 1,663,800 last year.

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Throughput to Attain Up to 8,000 Tonnes Per Day in Blended Ore

MONTREAL, QUEBEC -- (Marketwire) -- 02/08/11 -- SEMAFO (TSX: SMF) today announced a fourth phase of plant expansion at its Mana Mine in Burkina Faso. As a result, plant capacity is expected to attain up to 7,200 tonnes per day ('tpd') in bedrock and up to 8,000 tpd in blended ore. Completion of phase four will increase throughput by 1,200 tpd, representing an additional 26,000 to 30,000 ounces of gold annually when compared to current plant capacity.

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MONTREAL, QUEBEC -- (Marketwire) -- 02/01/11 -- SEMAFO (TSX: SMF) today announced the results of preliminary systematic follow-up drilling carried out on the Fobiri zones, located 14 kilometers southwest of the Mana Mill in Burkina Faso. A series of sections using a 200-meter spacing grid were completed over the original discovery (reference

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SEMAFO to Invest $39 Million in Exploration, Including $30 Million at ManaMONTREAL, QUEBEC -- (Marketwire) -- 01/27/11 -- SEMAFO (TSX: SMF) today provided its 2011 guidance and announced the establishment of a $39-million exploration budget, including $30 million for the Mana property in Burkina Faso.

MONTREAL, QUEBEC -- (Marketwire) -- 01/20/11 -- SEMAFO (TSX: SMF) today announced that it is exploring the possibility of a dual listing of its common shares on the NASDAQ OMX Stockholm exchange in Sweden.

'We have experienced significant growth in the past years,' said Benoit La Salle, SEMAFO's President and Chief Executive Officer. 'A dual

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Airborne Magnetic and Ground IP Surveys Refine 2011 Exploration Targets Receipt of Bombouela Nord Permit

MONTREAL, QUEBEC -- (Marketwire) -- 01/18/11 -- SEMAFO (TSX: SMF) announced completion of a 985-km2 magnetic survey across most peripheral groups of permits and an extensive induced polarization ('IP') survey over the Nyafe-Fofina area at its flagship Mana Mine in Burkina Faso.

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Exceeds Guidance with Gold Production of 261,100 OuncesMONTREAL, QUEBEC -- (Marketwire) -- 01/11/11 -- SEMAFO (TSX: SMF) today provided a summary of its 2010 operating results. Effective operations at the Company's Mana Mine spearheaded a new annual production record of 261,100 ounces of gold in 2010, representing an increase of 8% over 2009.

Burkina Faso Tax Assessment UpdateMONTREAL, QUEBEC -- (Marketwire) -- 12/09/10 -- SEMAFO (TSX: SMF) today announced that Phase III of the plant expansion program at its Mana Mine in Burkina Faso has been completed ahead of schedule and under budget.

Initial Testing on V Zones Returns 21.62 g/t Au (43.11 g/t Au Uncut) Over 5 Meters and 2.72 g/t Au over 27.2 Meters (including 9.82 g/t Au over 6 meters)

MONTREAL, QUEBEC -- (Marketwire) -- 12/02/10 -- SEMAFO (TSX: SMF) today announced the results of preliminary follow-up core drilling on the new Fofina area located 12.5 kilometers south of

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- Operating Income Increases by 154% - Margins Up 61%- Net Income Increases 115% and Cash Flow Up 65%MONTREAL, QUEBEC -- (Marketwire) -- 11/10/10 -- SEMAFO (TSX: SMF) today announced its third quarter financial and operational results for the three-month period ended September 30, 2010. All amounts are in US dollars unless otherwise stated.