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United States

Semafo Inc (SMF.TO)

SMF.TO on Toronto Stock Exchange

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Summary

Name Age Since Current Position

John LeBoutillier

73 2018 Independent Chairman of the Board

Benoit Desormeaux

48 2012 President, Chief Executive Officer, Director

Martin Milette

2006 Chief Financial Officer

Eric Paul-Hus

2013 Chief Compliance Officer, Vice President - Law, Corporate Secretary

Patrick Moryoussef

2011 Vice President - Mining Operations

Alain Melanson

Vice President - Human Resources

Sylvain Duchesne

2014 Vice President - Construction and Engineering

John Jentz

2018 Vice President - Corporate Affairs and Investor Relations

Richard Roy

2018 Vice President - Exploration

Terence Bowles

68 2011 Independent Director

Flore Konan

55 2015 Independent Director

C. Gilles Masson

71 2006 Independent Director

Lawrence McBrearty

74 2009 Independent Director

Tertius Zongo

60 2012 Independent Director

Biographies

Name Description

John LeBoutillier

Mr. John LeBoutillier C.M., is a Independent Chairman of the Board of the Company. He is a director of Stornoway Diamond Corporation and of Mazarin Inc. and Asbestos Corporation Limited, two affiliated companies. He was chairman of the board of directors of Industrial Alliance Insurance and Financial Services Inc. from 2005 to 2017. Between 1996 and 2000, Mr. LeBoutillier was President and Chief Executive Officer of Iron Ore Company of Canada, as well as President and Chief Executive Officer of Sidbec-Dosco Inc. (now ArcelorMittal Long Products Canada G.P.) from 1983 to 1996. Mr. LeBoutillier is a recipient of the Order of Canada.

Benoit Desormeaux

Mr. Benoit Desormeaux, CPA, is a President, Chief Executive Officer, Director of SEMAFO Inc. Mr. Desormeaux had been our Executive Vice-President and Chief Operating Officer since 2004, and previously held the positions, successively, of Corporate Controller as well as Chief Financial Officer. Prior to joining SEMAFO in 1997, he was with Deloitte LLP, involved principally in corporate audits in the manufacturing sector. Mr. Desormeaux is a Chartered Professional Accountant and a member of Ordre des Comptables Professionnels Agréés du Québec. He sits on the board of directors of Groupe Technosub inc. and is Chair of the board of directors of SEMAFO Foundation.

Martin Milette

Mr. Martin Milette CPA, is an Chief Financial Officer of SEMAFO Inc. Mr. Milette has been with the company since 2005 when he joined as Director, Development and Special Projects. Previously, he worked for eight years as Senior Manager, Assurance and Advisory Services at PricewaterhouseCoopers LLP where he was principally active in the high-tech and mining sectors. Mr. Milette is a Chartered Professional Accountant, a member of Ordre des Comptables Professionnels Agréés du Québec, and a Certified Public Accountant in the USA. Mr. Milette oversees all aspects of the Finance and IT functions of the company.

Eric Paul-Hus

Mr. Eric Paul-Hus is an Chief Compliance Officer, Vice President - Law, Corporate Secretary of SEMAFO Inc. Prior to his appointment, he spent five years in private practice, including one year in secondment with the Autorité des Marchés Financiers (former Québec Securities Commission) in the Corporate Finance and Continuous Disclosure Group. Subsequently, he held several positions of increasing responsibility, including Vice-President, during his 12-year tenure with a major Canadian telecommunications company where he continued to practice business law, specializing in securities, M&A and corporate law. Mr. Paul-Hus is a lawyer and member of the Québec Bar since 1993.

Patrick Moryoussef

Mr. Patrick Moryoussef is a Vice President - Mining Operations of SEMAFO Inc. Mr. Moryoussef has served as Vice-President, Mining Operations since joining Semafo in September 2004. Prior to his appointment, he was General Manager and administrator at South-Malarctic Exploration and previously senior project engineer at Les Mines McWatters. Following graduation, he served as junior mining engineer at the Campbell Mine of Placer Dome Canada and held the position of Open Pit Mine Captain, Engineering at Placer Dome Canada’s Sigma Mine. Mr Moryoussef also work as project engineer for Falconbridge Kidd Creek Mine and Noranda’s Brunswick operation. Mr. Moryoussef is a mining engineering graduate from McGill University in 1994 and a member of Ordre des Ingénieurs du Québec. He also acts as an administrator for Canadian Metals Inc.

Alain Melanson

Mr. Alain Melanson is Vice President - Human Resources of SEMAFO Inc. Prior to this appointment, he spent two and a half years at Bell Aliant Regional Communications as Vice-President, Human Resources, Communications and Public Affairs. Previously, Mr. Mélanson served as Vice-President, Human Resources, Communications and Public Affairs, Bell Nordiq from 2001 through December 2006. He has also served in senior management and executive positions at Groupe Laperrière & Verreault, Coca-Cola and Labatt Breweries. Mr. Mélanson is a graduate of the University of Laval in industrial relations and is a member of the Quebec Order of Certified Human Resources Professionals and Industrial Relations Counsellors.

Sylvain Duchesne

Mr. Sylvain Duchesne is Vice-President - Construction and Engineering of Semafo Inc. He has held this position since November 2014 and prior to his appointment, was General Manager, Construction and Engineering and Director of Metallurgy. Mr. Duchesne has over 25 years of experience in managing gold and polymetallic operations. Prior to joining SEMAFO in 2005, he served as mill superintendent at Campbell Resources, Aur Resources and Noranda, respectively. Mr. Duchesne graduated as a mining engineer from Polytechnique Montréal in 1987 and is a member of Ordre des Ingénieurs du Québec.

John Jentz

Mr. John Jentz is Vice President - Corporate Affairs and Investor Relations of the Company. Mr. Jentz joined the company in December 2017 as Vice-President, Corporate Development and Investor Relations. He has over 20 years' experience in corporate finance and mergers and acquisitions, mostly within the mining sector. Previously, Mr. Jentz served as a senior member of the mining teams at both regional and global investment banking firms. A chartered accountant, he holds a B.Sc. degree in actuarial science from University of Western Ontario and an MBA from McMaster University.

Richard Roy

Mr. Richard Roy has been appointed Vice President - Exploration of the Company effective July 1, 2018. Mr. Roy, who joined SEMAFO in 2009, has 30 years of experience in the base and precious metal mineral resource industry across three continents including nine years' experience with underground deposits. Before joining SEMAFO, he designed and implemented successful exploration programs and mine feasibility programs in Mexico and North America, working for companies such as Aur Resources, Placer Dome and several junior companies. During his career, he has been involved in the discovery of several gold deposits that ultimately reached the mining stage. Mr. Roy holds a B.Sc. in geology from Concordia University in Montreal and is a member of the Ordre des Géologues du Québec.

Terence Bowles

Mr. Terence F. Bowles is Independent Director of SEMAFO Inc. Terence Bowles has been President and Chief Executive Officer of the St. Lawrence Seaway Management Corporation since 2010. Prior to this appointment, he served as President and Chief Executive Officer of the Iron Ore Company of Canada, from 2001 to 2010. Following his graduation from Université Laval in Québec City, Mr. Bowles joined Quebec Iron and Titanium (QIT) where he also served as President as well as on the board of directors of an African subsidiary. Mr. Bowles is on the board of the St. Lawrence Seaway Management Corporation, the Chamber of Marine Commerce and Green Marine. He is a member of the Québec Ordre des Ingénieurs and obtained an Institute of Corporate Directors designation.

Flore Konan

Mrs. Flore Konan is Independent Director of Semafo Inc. She is a member of the Audit Committee. Since October 2011, Mrs. Konan is Director of Internal Controls, Eranove, a holding company involved in the production, transportation and distribution of water and electricity in Africa that has over 8,000 employees. Between 1994 and 2011, Mrs. Konan held positions of increasing responsibility at CIE, a subsidiary of Eranove, before becoming general manager in 2008. Prior to this, Mrs. Konan was in the employ of SODECI, another subsidiary of Eranove. Mrs. Konan is also the Chair of the Board of ECOBANK Côte-d’Ivoire, a subsidiary of ECOBANK Transnational Incorporated, present in 32 African countries and listed on the Bourse Régionale des Valeurs Mobilières (BRVM).

C. Gilles Masson

Mr. C. Gilles Masson is Independent Director of SEMAFO Inc. He is a member of the board of directors of RNC Minerals. He spent 36 years with the firm PricewaterhouseCoopers LLP, Chartered Professional Accountants, including 25 years as partner. His clientele included large national and international companies, some of which operated in the mining sector. A chartered professional accountant, Mr. Masson is a member of the Institute of Corporate Directors.

Lawrence McBrearty

Mr. Lawrence I. McBrearty is Independent Director of SEMAFO Inc. Mr. McBrearty’s business experience includes a more than 40-year career with the United Steelworkers of America, the largest industrial labour union in North America. He began his tenure in 1974 as staff representative, subsequently holding positions of increasing responsibility that culminated in his election as National Director for Canada in 1994.

Tertius Zongo

Mr. Tertius Zongo is Independent Director of SEMAFO Inc. He served as Prime Minister and Head of Government of Burkina Faso from 2007 until 2011 and was Ambassador Extraordinary and Plenipotentiary of Burkina Faso to the United States of America from 2002 until 2007. Previously, Mr. Zongo held positions of increasing importance within the government of Burkina Faso including as Minister of State for Planning and Budget and Minister of Economy and Finance. Prior to his career with the government of Burkina Faso, Mr. Zongo was an academic at the University of Ouagadougou and the National School of Financial Controls where he taught accounting, business economics and financial management. He sits on the board of Banque centrale des États de l’Afrique de l’Ouest (BCEAO) and of ECOBANK Côte-d’Ivoire where he chairs the Governance Committee.

Basic Compensation