Montreal, Quebec, February 28, 2017 - 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 to 324,861,200 common shares with voting rights as at February 28, 2017.

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 February 28, 2017 at 7:00 a.m., Eastern Standard 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 advancing construction of the Natougou Project. SEMAFO's strategic focus is to maximize shareholder value by effectively managing its existing assets as well as pursuing organic and strategic growth opportunities.

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Semafo Inc. published this content on 28 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 March 2017 16:15:19 UTC.

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