SEMAFO Inc. (TSX:SMF)(OMX:SMF) today announced having entered into a 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").
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.


The purchase price includes a cash payment of US$1.25 million and a fixed net
smelter return ("NSR") royalty of 1.2% on gold sold from the Samira Hill plant
payable by Middle Island Resources to SEMAFO. The NSR is payable only if the
spot price of gold is at or greater than US$1,450 per ounce, and is capped at
US$12 million.


Closing of the transaction is subject to the following conditions:



--  Completion of satisfactory legal and financial due diligence by Middle
    Island Resources. 
--  Completion of mutually satisfactory transaction documents. 
--  Completion of an AUD$5 million equity capital raising by Middle Island
    Resources. 
--  Grant of substitute exploration permits to Middle Island Resources over
    the land presently the subject of exploration permits located in the
    vicinity of the Samira Hill plant, which Middle Island Resources is
    currently earning an interest in. 
--  Obtaining all required governmental and regulatory approvals. 
--  Transfer by SML to SEMAFO of certain rolling stock and mining equipment.



Subject to fulfillment of the above conditions, closing of the transaction is
anticipated to take place on or prior to September 30, 2013. Each party has a
right to terminate the heads of agreement prior to closing the transaction.


About SEMAFO 

SEMAFO is a Canadian-based mining company with gold production and exploration
activities in West Africa. The Corporation currently operates three gold mines:
the Mana Mine in Burkina Faso, the Samira Hill Mine in Niger and the Kiniero
Mine in 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.


CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements. Forward-looking
statements involve known and unknown risks, uncertainties and assumptions and
accordingly, actual results and future events could differ materially from those
expressed or implied in such statements. You are hence cautioned not to place
undue reliance on forward-looking statements. Forward-looking statements include
words or expressions such as "subject to", "conditions", "completion",
"obtaining", "approvals", "anticipated", "committed", "evolve", "become",
"pursuing", "growth", "opportunities" and other similar words or expressions.
Factors that could cause future results or events to differ materially from
current expectations expressed or implied by the forward-looking statements
include the ability to fulfill all closing conditions, the ability to close the
transaction on or prior to September 30, 2013, the ability to execute on our
strategic focus, fluctuation in the price of currencies, gold or operating
costs, mining industry risks, uncertainty as to calculation of mineral reserves
and resources, delays, political and social stability in Africa (including our
ability to maintain or renew licenses and permits) and other risks described in
SEMAFO's documents filed with Canadian securities regulatory authorities. You
can find further information with respect to these and other risks in SEMAFO's
2012 Annual MD&A, as updated in SEMAFO's 2013 First Quarter MD&A, and other
filings made with Canadian securities regulatory authorities and available at
www.sedar.com. These documents are also available on our website at
www.semafo.com. SEMAFO disclaims any obligation to update or revise these
forward-looking statements, except as required by applicable law.


The above information has been made public in accordance with the Swedish
Securities Market Act and/or the Financial Instruments Trading Act.


FOR FURTHER INFORMATION PLEASE CONTACT: 
SEMAFO
Robert LaValliere
Vice-President, Investor Relations
Cell: +1 (514) 240 2780
robert.lavalliere@semafo.com


Sofia St Laurent
Communications & Investor Relations
Tel. local & overseas: +1 (514) 744 4408
North America Toll-Free: 1 (888) 744 4408
sofia.stlaurent@semafo.com
www.semafo.com


Maria Bang
Brunswick Group Stockholm
+46 (8) 410 32 189
mbang@brunswickgroup.com

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