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Semafo Inc (SMF.TO)

SMF.TO on Toronto Stock Exchange

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Summary

Name Age Since Current Position

John LeBoutillier

74 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

John Jentz

2018 Vice President - Corporate Affairs and Investor Relations

Sylvain Duchesne

2014 Vice President - Construction and Engineering

Richard Roy

2018 Vice President - Exploration

Terence Bowles

69 2011 Independent Director

Helene Cartier

2019 Independent Director

Flore Konan

56 2015 Independent Director

C. Gilles Masson

72 2006 Independent Director

Tertius Zongo

61 2012 Independent Director

Biographies

Name Description

John LeBoutillier

Mr. John LeBoutillier 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 is a President, Chief Executive Officer, Director of SEMAFO Inc. Benoit Desormeaux became President and Chief Executive Officer on August 8, 2012. Mr. Desormeaux had been our Executive Vice-President and Chief Operating Officer since 2004, and previously held the positions, successively, of Corporate Controller and 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. (a privately-held, non-listed company) and is Chair of the board of directors of SEMAFO Foundation.

Martin Milette

Mr. Martin Milette 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. Mr. Paul-Hus is Vice-President, Law, Chief Compliance Officer and Corporate Secretary of SEMAFO and has been with the company since September 2009. 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 is a mining engineering graduate from McGill University and a member of Ordre des Ingénieurs du Québec.

Alain Melanson

Mr. Alain Melanson is Vice President - Human Resources of SEMAFO Inc. Mr. Mélanson joined SEMAFO as Vice-President, Human Resources in September 2009. 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 Québec Order of Certified Human Resources Professionals and Industrial Relations Counsellors.

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.

Sylvain Duchesne

Mr. Sylvain Duchesne is Vice-President - Construction and Engineering of Semafo Inc. Mr. Duchesne is Vice-President, Construction and Engineering. 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 30 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.

Richard Roy

Mr. Richard Roy has been appointed Vice President - Exploration of the Company effective July 1, 2018. Mr. Roy was appointed Vice-President, Exploration in 2018. He has been with the company since 2009 when he joined as exploration manager. Mr. Roy has over 30 years of experience in the base and precious metal mineral resource industry including nine years’ experience in underground mine geology. 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. Mr. Roy holds a B. Sc. degree in geology from Concordia University in Montréal 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 is 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 and on the board of directors of an African subsidiary. Mr. Bowles is on the board of the St. Lawrence Seaway Management Corporation and the Chamber of Marine Commerce. He is a member of the Québec Ordre des Ingénieurs and obtained an Institute of Corporate Directors designation.

Helene Cartier

Ms. Helene Cartier is Independent Director of the Company. She was Vice President, Environment and Sustainability for Osisko Mining Corporation where she was closely involved in the development and implementation process of the Canadian Malartic mine, particularly with respect to environmental issues and community relations. Since 2017, she is Vice President, Environment and Sustainable Development at Falco Resources Ltd where she leads the permitting and social acceptability process for the Horne 5 project. From 2014 to 2016, she worked at La rue des Femmes de Montréal, a center dedicated to raising awareness on the issue and challenges of homelessness. Holder of a degree in Industrial Engineering and a Bachelor of Laws, Ms. Cartier has been involved in the environmental field for more than twenty years. She is a member of the Ordre des ingénieurs du Québec. Ms. Cartier is a certified corporate director from the Collège des administrateurs de société and has served on the boards of directors of Falco Resources Ltd, Group Technosub Inc. (a privately held, non-listed company) and the Classica Festival.

Flore Konan

Mrs. Flore Konan is Independent Director of Semafo Inc. 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 9,000 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 the former 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 a 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.

Tertius Zongo

Mr. Tertius Zongo is Independent Director of SEMAFO Inc. Tertius Zongo 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.

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