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Regulatory press release

SEMAFO Inc.: Changed Number of Shares and Votes in SEMAFO

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As a result of a share issue related to the closing of the acquisition of Savary Gold Corp. during the month of April, the number of issued and outstanding shares of SEMAFO has increased from 325,818,298 to 333,117,705 common shares with voting rights as at April 30, 2019.

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 April 30, 2019 at 7:30 p.m., Eastern Daylight Time.

SEMAFO 0430 (https://mb.cision.com/Public/17699/2800998/a2844e5210447641.pdf)

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