SEMAFO Successfully Completes Phase III of Mana Plant Expansion

SEMAFO today announced that Phase III of the plant expansion program at its Mana Mine in Bconstruction can crusher powder quarry sand can be alternate for river sandurkina Faso has been completed ahead of schedule and under budget.

The third phase of the plant expansion is aimed at optimizing gold recovery. The addition of two CIL tanks extends the leach time in order to accommodate increased throughput of up to 6,000 tonnes per day in hard rock.

Commenting on the milestone, Benoit Desormeaux, SEMAFO’s Executive Vice-President and Chief Operating Officer said, “We are pleased with the timely and effective conclusion of this third phase of our plant expansion at Mana. The construction and commissioning of all three phases of the plant expansion were efficiently scheduled and executed with little or no impact on our ongoing operations.”

SEMAFO received confirmation that Burkina Faso tax authorities have dismissed the 2007-2008 tax assessment and penalties issued to the Company in the first quarter of 2010. SEMAFO will pay a total of $700,000 in lieu of the original amounts which were previously disclosed in the Company’s 2010 first, second and third quarter MD&As. The amount owing will be paid out and recorded in the fourth quarter 2010, bringing this matter to a close for all parties.