Semafo Inc

Published : June 03rd, 2008

Declares Commercial Production at Mana Gold Mine

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 Semafo Declares Commercial Production at Mana Gold Mine

Montreal, Quebec, June 3rd, 2008 - SEMAFO (TSX: SMF) today reported that its Mana gold mine in Burkina Faso achieved commercial production with the 2,000 tonne-per-day ball mill.  

In May, the Mana mine produced 5,000 ounces of gold, bringing the total gold production to date to 9,400 ounces.

In May, with 88% availability and 98% of designed throughput capacity, the Mana plant processed in excess of 53,000 tonnes of ore,� said Benoit Desormeaux, Executive Vice-President and COO.  �Installation of the of the 4,000 tonne-per-day ball mill is currently underway, with commissioning scheduled for July.�

We are pleased with the smooth, successful progress at Mana,� said Benoit La Salle, President and CEO, �and remain confident that Mana will meet our 2008 production guidance of 60,000 - 70,000 ounces.

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 in Burkina Faso, Niger and Guinea.  Semafo is committed to evolve in a conscientious manner to become a major player in its geographical area of interest, while maintaining principles and strengthening relationships to increase shareholder value.

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding expectations of the Company as to the market price of gold, strategic plans, future commercial production, production targets, timetables, mining operating expenses, capital expenditures, and mineral reserve and resource estimates. Forward-looking statements involve known and unknown risks and uncertainties and accordingly, actual results and future events could differ materially from those anticipated in such statements. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include, but are not limited to, fluctuations in the market price of precious metals, mining industry risks, uncertainty as to calculation of mineral reserves and resources, risks related t o hedging strategies, risks of delays in construction, requirements of additional financing and other risks described in the Company�s documents filed from time to time with Canadian securities regulatory authorities. Although the Company is of the opinion that these forward-looking statements are based on reasonable assumptions, those assumptions may prove to be incorrect. Accordingly, readers should not place undue reliance on forward-looking statements. Readers can find further information with respect to risks in the Annual Information Form of the Company and other filings of the Company with Canadian securities regulatory authorities available at
www.sedar.com. The Company disclaims any obligation to update or revise these forward-looking statements, except as required by applicable law.

For more information contact :

SEMAFO:
Benoit La Salle,
President & CEO
Tel :  (514) 744-4408
E-Mail :  blasalle@semafo.com

Renmark Financial Communications Inc. :
Maurice Dagenais : mdagenais@renmarkfinancial.com
Jason Roy : jroy@renmarkfinancial.com
Tel :  (514) 939-3989
Fax : (514) 939-3717
www.renmarkfinancial.com

Data and Statistics for these countries : Burkina Faso | Guinea | Niger | All
Gold and Silver Prices for these countries : Burkina Faso | Guinea | Niger | All

Semafo Inc

PRODUCER
CODE : SMF.TO
ISIN : CA8169221089
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Semafo is a producing gold company based in Canada.

Semafo holds various exploration projects in Burkina Faso.

Its main assets in production are KINIERO in Guinea, SAMIRA HILL in Niger and MANA in Burkina Faso.

Semafo is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 903.1 millions as of today (US$ 679.9 millions, € 614.6 millions).

Its stock quote reached its lowest recent point on December 14, 2001 at CA$ 0.10, and its highest recent level on September 16, 2011 at CA$ 10.00.

Semafo has 324 860 000 shares outstanding.

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In the News and Medias of Semafo Inc
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Annual reports of Semafo Inc
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Financings of Semafo Inc
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Nominations of Semafo Inc
6/11/2007 Appointments to Management and Board of Directors
Financials of Semafo Inc
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5/13/2013Releases First Quarter 2013 Results
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Project news of Semafo Inc
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1/22/2013Achieves 2012 Production Guidance; Provides 2013 Production ...
8/29/2012(Mana)Discovers High Grade Siou Zone at Mana
6/19/2012(Samira Hill)Discovers New Mineralized Horizon at Samira Hill in Niger
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3/27/2012(Mana)Auger Drilling Identifies Six Important Trends at Mana
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10/3/2011(Mana)Enters Into an Agreement with Sonabel to Connect the Mana Mi...
9/8/2011(Mana)Plans to Increase Mana's Processing Capacity by 6,000 Tonnes...
8/9/2011(Mana)Initial Drill Results at Mana's Massala-Saoura Include 6.77 ...
7/22/2011(Mana)Drills 4.29 g/t Au over 25 Meters at Mana's Fofina Area
6/28/2011(Mana)Yaho Zone More Than Doubles Strike Length to Over 1.5 kilome...
5/12/2011(Mana)Further Expands Mana's Wona SW Zone Results Include 4.17 g/t...
3/31/2011(Mana)Announces Completion of Mana Underground Feasibility Study: ...
3/13/2011(Mana)Discovers New Gold Zone with 2.27 g/t Au Across 54 Meters
2/28/2011(Samira Hill)Total Reserves and M&I Resources Top 6.0 Million Ounces, Inf...
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2/1/2011(Mana) Fobiri Area Returns Mineralization Over 1.4 Kilometers at M...
6/1/2010(Mana)Phase II of Plant Expansion on Track
4/14/2010(Mana)Auger Drilling Programs Generate More Than 9.5 kilometers of...
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12/30/2008(Kiniero)Guinea - Kiniero Operations Update
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7/11/2012Mineral Reserves and Resources Increase to 7.3 Million Gold ...
7/5/2012Announces Second Quarter Gold Production of 60,500 Ounces
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1/27/2011Provides 2011 Outlook
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9/9/2008: Potential Plant Capacity Increases at Mana
7/8/2008Produces 54,500 Ounces of Gold in Q2
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6/23/2008Elects John LeBoutillier Lead Director; Jean Lamarre Becomes...
5/20/2008Receives 2008 Alpha Award - Award of Distinction for Environ...
4/29/2008Commended for Corporate Social Responsibility
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4/2/2008First Gold Pour at Mana
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2/28/2008and GoviEx Close Uranium Transaction
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1/15/2008Discovers Two New Gold Zones at Samira Hill, Niger
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10/11/2007Concludes Mana Gold Project Mining Convention
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5/4/2007Forms Technical Team To Manage Uranium Exploration Activitie...
4/10/2007Awarded 5 Uranium Exploration Permits In Niger
3/30/2006Results for December 31, 2005
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