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SEMAFO GRANTED WEST BALAN MINING LICENSE

Montreal, Quebec, January 10, 2008 – SEMAFO (TSX-SMF) today announced that a license has been granted to carry out mining in the West Balan area at its Kiniero gold mine in Guinea. The license covers an area of 47 km2. With the license granted, the Company is now proceeding with the removal and processing of mineralized material from West Balan.

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. SEMAFO’s strategic focus is to maximize shareholder value by effectively managing its existing assets as well as pursuing organic and strategic growth opportunities in West Africa.

For more information contact:

SEMAFO:
Benoit La Salle,
President and CEO
Tel: 514 744-4408
Toll-Free: 1-888-744-4408
E-mail: blasalle@semafo.com

Sofia St Laurent
Communications
Tel.: 514 744-4408
Toll-Free: 1-888-744-4408
E-Mail: sstlaurent@semafo.com

More extensive information on SEMAFO can be found on our home page at http://www.semafo.com

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