Changed Number of Shares and Votes in SEMAFO

March 29, 2019

Montreal, Quebec, March 29, 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 325,617,252 to 325,818,298 common shares with voting rights as at March 29, 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 March 29, 2019 at 7:00 a.m., Eastern Daylight Time.

About SEMAFO
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

SEMAFO
John Jentz
Vice-President, Corporate Development & Investor Relations
E-mail: John.Jentz@semafo.com

Ruth Hanna
Analyst, Investor Relations
E-mail: Ruth.Hanna@semafo.com

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