Montreal, Quebec, November 1, 2011, 09:30 ET – SEMAFO (TSX, OMX: SMF), today is proud to announce that the Corporation has been named as one of Canada’s 10 Most Admired Corporate Cultures™ for 2011 in the Quebec & Atlantic Canada region. The selection process is based on criteria such as: vision, leadership, reward and recognition, corporate performance and corporate social responsibility.

“We are tremendously honoured to be recognized for having one of the best corporate cultures in the country,” said Benoit La Salle, SEMAFO President and CEO. “This award is a true testament to the dedication and outstanding contributions of each and every person at SEMAFO to the overall success of the Corporation.”

“Our employees have committed to our corporate culture by embracing, as their own, SEMAFO’s values of respect, integrity, excellence, know-how and team work. Our culture is further enhanced through SEMAFO’s humanitarian mission of continuous improvement with a relentless determination...