SEMAFO Lodges Bidder's Statement for Orbis Gold-Secures Credit Facility for its Bid

MONTREAL, QUEBEC--(Marketwired - Nov 30, 2014) - SEMAFO (TSX:SMF)(OMX:SMF) today lodged its bidder's statement in respect of its A$0.65 per share cash offer for 100% of the shares in Orbis Gold Ltd. with the Australian Securities and Investments Commission (ASIC), Orbis Gold and the ASX. A copy of the bidder's statement may be accessed from the ASX website, www.asx.com.au, under Orbis' ASX code "OBS".

In addition to its cash on hand of US$121 million as at November 30, 2014, the Corporation has secured a credit facility of up to US$60 million to fund the acquisition from a syndicate led by Sprott Resource Lending Partnership. The senior secured credit facility, which contains customary conditions to drawdown, will bear interest at a rate of LIBOR plus 6.5% and is repayable one year from the date of drawdown.

About SEMAFO

SEMAFO is a Canadian-based mining company with gold production and exploration activities in West Africa. The Corporation currently owns and operates the Mana Mine in Burkina Faso, which includes the high-grade satellite Siou and Fofina deposits. SEMAFO is committed to evolve in a conscientious manner through the responsible development of its 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.

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 "conditions", "will", "committed", "evolve", "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 meet the customary conditions to drawdown and to execute on our strategic focus. You can find further information with respect to these and other risks in SEMAFO's 2013 Annual MD&A, as updated in SEMAFO's 2014 First, Second and Third 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.