Semafo Discovers Two New Gold Zones at Samira Hill, Niger

Montreal, Quebec, January 15th, 2008. - SEMAFO (TSX - SMF) today announced having discovered two new gold zones each at its Samira Hill gold project. The first structure, Sikia 1, is located to the southeast of the Libiri pit. Work to date indicates Sikia 1 runs 1km in length. The second structure, Libiri Plateau is located to the northeast of the Libiri pit and has been identified as running 500 meters in length while still open at both ends. The discoveries emanate from the Company's 2007 Samira Hill exploration program aimed at increasing the project's overall resource and reserves thereby increasing mine life.

Geophysical Surveys
The second part of an IP survey (dipole-dipole, A=50, n=1 to 6), carried out by Sagax-Maghreb was completed in Q4. The latest results show new and high potential gold zones exist in the eastern extension of the Samira-Libiri conductive zone, and to the North at the Boulonjounga gold prospect. Both zones are within economic transport distance of the existing Samira Hill plant. Further drilling of both Sikia 1 and the Libiri Plateau will take place in 2008.

New Zones
The gold-bearing, highly conductive horizon runs through the Samira and Libiri deposits and extends on more than 10km in an eastward direction in the southern grid area. Testing by RC drilling of the IP potential zones provided gold intersections at Sikia 1 and the Libiri Plateau. Both Sikia 1 and the Libiri Plateau targets lie within the eastward continuation of the Samira-Libiri deposits rock sequence, along the extension of an elongated IP signature going through the deposits themselves. Highlights are shown in the tables below. Complete tables of mineralized intersections are available on the Company's website.

TABLE OF RC DRILLING RESULTS

SIKIA 1 GOLD TARGET

HOLE No.

FROM (m)

TO (m)

LENGTH (m)

AVERAGE Au (g/t)

07SKRC05

38

47

9

1.14

07SKRC18

71

79

8

2.16

07SKRC19

51

61

10

1.68

07SKRC25

108

113

5

1.99

07SKRC26

33

40

7

1.27

07SKRC30

95

103

8

1.19

07SKRC31

25

36

11

3.23

07SKRC32

76

81

5

2.39

07SKRC34

33

43

10

1.53

07SKRC35

75

84

9

1.44

07SKRC36

90

98

8

3.87

07SKRC37

81

83

2

7.07

07SKRC40

45

51

6

1.22

07SKRC48

71

76

5

1.38

07SKRC52

73

81

8

1.62

TABLE OF RC DRILLING RESULTS

LIBIRI PLATEAU GOLD TARGET

HOLE No.

FROM (m)

TO (m)

WIDTH (m)

AVERAGE Au (g/t)

07NTRC02

25

35

10

1.13

07NTRC05

19

28

9

1.17

07NTRC07

57

59

2

5.64

07NTRC12

53

66

13

2.82

07NTRC15

50

54

4

1.06

07NTRC37

47

59

12

3.59

and

67

75

8

2.84

07NTRC38

68

74

6

1.27

07NTRC41

96

104

8

1.31

and

110

120

10

1.35

07NTRC51

93

106

13

1.07

07LPRC02

17

28

11

0.89

and

25

28

3

1.35

and

57

59

2

1.23

07LPRC05

52

55

3

2.38

07LPRC09

25

27

2

2.44

and

91

99

8

3.77

LPRC11

38

43

5

1.18

All lengths are down hole lengths; additional information is required to determine true widths.


RC drill holes completed indicate that the sequence of rocks encountered in both zones has substantial similarities with the Samira and Libiri ore deposits currently being mined.

Our exploration programs have been designed and managed on site by our exploration teams under the supervision of Michel Crevier, P. Geo MScA, Semafo's Director of Geology and Qualified Person. Mr Crevier has reviewed this press release with regard to its conformity with Canadian Instrument Standard No. 43-101.

All individual drilling samples represent one-meter of drilling which were split in half for cores and RC drill cuttings riffled split to end to 1kg samples. One half core or a 1kg RC sample was kept on site as a control and an equivalent sized sample was then sent for preparation and gold assaying at the Abilab laboratories in Ouagadougou, Burkina Faso. Each sample was fire assayed for gold content on a 50-gram pulp sub-sample at the same Abilab laboratories. Complementing Abilab's own QA/QC (Quality Assurance / Quality Control) program, a QA/QC program was in place throughout the sampling program, using blind duplicates and recognized industry standards.

ABOUT SEMAFO
Semafo is a Canadian-based mining company with gold production and exploration activities located in West Africa. The Company currently operates two gold mines with a third, the Mana mine in Burkina Faso, in the latter stages of construction. Semafo is committed to evolve in a conscientious manner to become a major player in its geographical area of interest, while maintaining values and strengthening relationships to increase shareholder value.

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding expectations of the Company as to the market price of gold, strategic plans, future commercial production, production targets, timetables, mining operating expenses, capital expenditures, and mineral reserve and resource estimates. Forward-looking statements involve known and unknown risks and uncertainties and accordingly, actual results and future events could differ materially from those anticipated in such statements. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include, but are not limited to, fluctuations in the market price of precious metals, mining industry risks, uncertainty as to calculation of mineral reserves and resources, risks related t o hedging strategies, risks of delays in construction, requirements of additional financing and other risks described in the Company's documents filed from time to time with Canadian securities regulatory authorities. Although the Company is of the opinion that these forward-looking statements are based on reasonable assumptions, those assumptions may prove to be incorrect. Accordingly, readers should not place undue reliance on forward-looking statements. Readers can find further information with respect to risks in the Annual Information Form of the Company and other filings of the Company with Canadian securities regulatory authorities available at www.sedar.com. The Company disclaims any obligation to update or revise these forward-looking statements, except as required by applicable law.

For additional information, please contact:

SEMAFO:
Benoit La Salle,
Pr'esident & CEO
Tel : (514) 744-4408
E-Mail : blasalle@semafo.com

RENMARK :
Tina Cameron : tcameron@renmarkfinancial.com
Eric St-Pierre : estpierre@renmarkfinancial.com
Tel : (514) 939-3989
Fax : (514) 939-3717
www.renmarkfinancial.com

More detailed information on Semafo Inc. can be found on its home page at http://www.semafo.com

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