Changed Number of Shares and Votes in SEMAFO

December 31, 2019

Montreal, Quebec, December 31, 2019 – SEMAFO (TSX, OMX: SMF) reports the following, in accordance with the Swedish Financial Instruments Trading Act:

As a result of the exercise of stock options, the number of issued and outstanding shares of SEMAFO has increased from 334,455,433 to 334,468,873 common shares with voting rights as at December 31, 2019.

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 December 31, 2019 at 07:00 a.m., Eastern Standard Time.

SEMAFO is a Canadian-based intermediate gold producer with over twenty years' experience building and operating mines in West Africa. The Corporation operates two mines, the Boungou and Mana Mines in Burkina Faso. SEMAFO is committed to building value through responsible mining of its quality assets and leveraging its development pipeline.

For more information, contact

John Jentz Vice-President,
Corporate Affairs & Investor Relations

Ruth Hanna,
Analyst, Investor Relations

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