SEMAFO Inc.: Heads of Agreement for the Sale of Samira Hill Expires

SEMAFO Inc. (TSX:SMF)(OMX:SMF) today announced that the Corporation's heads of
agreement with Middle Island Resources Limited (ASX:MDI) for the sale of a 100%
interest in African GeoMin Mining Development Corporation Limited ("AGMDC") has
expired. AGMDC, a wholly-owned indirect subsidiary of SEMAFO Inc., holds an 80%
interest in Societe des Mines du Liptako (SML) S.A. ("SML"), owner of the Samira
Hill gold mine in Niger. The Government of Niger owns the remaining 20% interest
in SML.


Closing of the transaction was subject to the fulfillment of several conditions
prior to September 30, 2013. A number of said conditions were not fulfilled,
including those pertaining to approvals and consents from the Government of
Niger. As announced on August 26, 2013, the Samira Hill mine has been placed in
care and maintenance.


About SEMAFO 

SEMAFO is a Canadian-based mining company with gold production and exploration
activities in West Africa. The Corporation currently operates two gold mines:
the Mana Mine in Burkina Faso and the Kiniero Mine in Guinea. SEMAFO is
committed to evolve in a conscientious manner through the responsible
development of its high potential Mana property. SEMAFO's strategic focus is to
maximize shareholder value by effectively managing its existing assets as well
as pursuing organic and strategic growth opportunities.


FOR FURTHER INFORMATION PLEASE CONTACT: 
SEMAFO
Robert LaValliere
Vice-President, Investor Relations
Cell: [phone]
[e-mail]


Sofia St Laurent
Communications & Investor Relations
Tel. local & overseas: [phone]
North America Toll-Free: 1 [phone]
[e-mail]
www.semafo.com


Maria Bang
Brunswick Group Stockholm
[phone]
[e-mail]