MONTREAL, QUEBEC--(Marketwired - March 31, 2016) - SEMAFO (TSX:SMF)(OMX:SMF) reports the following, in accordance with the Swedish Financial Instruments Trading Act:

As a result of the exercise of employee stock options and a share issue related to the recently announced credit facility during the month of March, the number of issued and outstanding shares of SEMAFO has increased to 296,827,559 common shares with voting rights as at March 31, 2016.

The information in this release is subject to the disclosure requirements of SEMAFO under the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. This information was publicly communicated on March 31, 2016 at 7:00 a.m., Eastern Daylight Time.

About SEMAFO

SEMAFO is a Canadian-based mining company with gold production and exploration activities in West Africa. The Corporation operates the Mana Mine in Burkina Faso, which includes the high-grade satellite deposits of Siou and Fofina, and is developing the advanced gold deposit of Natougou. SEMAFO's strategic focus is to maximize shareholder value by effectively managing its existing assets as well as pursuing organic and strategic growth opportunities.

Contact Information:

SEMAFO
Robert LaValliere
Vice-President, Corporate Affairs & Investor Relations
Cell: +1 (514) 240 2780
Robert.Lavalliere@semafo.com

Ruth Hanna
Analyst, Investor Relations
Ruth.Hanna@semafo.com

Tel. local & overseas: +1 (514) 744 4408
North America Toll-Free: 1 (888) 744 4408
www.semafo.com