Semafo, Inc. announced that Mr. Benoit La Salle, FCPA, FCA is stepping down from the position of President and CEO of the Corporation and has been appointed Executive Vice-Chairman of company's Board of Directors. The board also announced that Mr. Benoit Desormeaux, CPA, CA, the Corporation's Executive Vice-President and Chief Operating Officer is promoted to the position of President and Chief Executive Officer and appointed to SEMAFO's Board of Directors. These changes will take effect at the close of business of August 8, 2012.