04 29-16-vancouver-marketing

TSX–NYSE MKT: RIC

POSITIONING FOR SUSTAINABLE GROWTH

Vancouver Marketing

April 29, 2016

www.richmont-mines.com 2 RIC: TSX NYSE-MKT

FORWARD LOOKING STATEMENTS

Safe Harbor Statement & Cautionary Note to U.S. Investors Concerning

Resource Estimates

This presentation contains forward-looking statements that include risks and uncertainties. The factors that could

cause actual results to differ materially from those indicated in such forward-looking statements include changes in the

prevailing price of gold, the Canadian-U.S. exchange rate, grade of ore mined and unforeseen difficulties in mining

operations that could affect revenue and production costs. Other factors such as uncertainties regarding government

regulations could also affect the results. Other risks may be detailed from time to time in Richmont Mines Inc.’s

periodic reports and annual notice.

The resource estimates in this presentation were prepared in accordance with NI 43-101 adopted by the Canadian

Securities Administrators. The requirements of NI 43-101 differ significantly from the requirements of the United States

Securities and Exchange Commission (the “SEC”). In this presentation, we use the terms “Measured”, “Indicated” and

“Inferred” Resources. Although these terms are recognized and required to be used in Canada, the SEC does not

recognize them. The SEC permits U.S. mining corporations, in their filings with the SEC, to disclose only those mineral

deposits that constitute “Reserves”. Under United States standards, mineralization may not be classified as a Reserve

unless the determination has been made that the mineralization could be economically and legally extracted at the time

the determination is made. United States investors should not assume that all or any portion of a Measured or

Indicated Resource will ever be converted into “Reserves”. Furthermore, “Inferred Resources” have a great amount of

uncertainty as to their existence and whether they can be mined economically or legally, and United States investors

should not assume that “Inferred Resources” exist or can be legally or economically mined, or that they will ever be

upgraded to a more certain category.

U.S. Investors are urged to consider the disclosure in our annual report on Form 20-F, File No. 001-14598, which may

be obtained from us or from the SEC’s web site: http://sec.gov/edgar.shtml.

(All amounts are in Canadian dollars, unless otherwise indicated.)

http://sec.gov/edgar.shtml








RICHMONT MINES OVERVIEW

Quality Asset Base in Canada

Growing Production Profile

Decreasing Cost Structure

Growing Cash Flow Streams

Significant Exploration Potential

Strong Balance Sheet

Favourable Canadian Dollar Exposure

Low Shares Outstanding (59M)


CAPITAL STRUCTURE

Capital Structure(1)

Issued & Outstanding Shares 58.5M

Options 3.9M

Fully Diluted 62.4M

Cash(1) C$61.2

Total Debt(2) C$9.0M

Ticker RIC:TSX–NYSE

Market Capital (April 7/16) C$468M

• Solid Balance Sheet Underpins Strategic Growth Plan

• Growing Cash Flow Streams from Operations

• Island Gold Expanded Mine Plan

• Low Share Count ………….

(1) As of March 31, 2016

(2) As of March 31, 2016. Long-term debt is primarily comprised of capital lease obligations

Solid Balance Sheet Underpins Strategic Growth Plan

C$61.2M CASH

C$9.0M DEBT Analyst Coverage

CIBC Jeff Killeen

Macquarie Capital Markets Michael Gray

National Bank Financial Adam Melnyk

PI Financial Brian Szeto

TD Securities Daniel Earle

Paradigm Capital Don Blyth

Cormark Securities Kyle MacPhee

Mackie Research Ryan Hanley

Canaccord Genuity Rahul Paul

BMO Capital Markets Brian Quast

Haywood Securities Kerry Smith

Scotia Capital Craig Johnston

Desjardins Capital Mike Parkin

RIC (as of April 7, 2016)

TSX

C$

NYSE MKT

US$

Closing price $8.00 $6.10

52-week range $3.14-$8.00 $2.27-$6.10

Market Cap (M’s) $468M $357M

30-day daily trading avg. 310,547 381,343

Strong cash position supports fully

funded strategic growth plan

www.richmont-mines.com 5

Q1 production: 32,369 oz.; Cash costs of $806 per oz (US$587)

Reserves increased by 187%; 206% at Island Gold; 95% at Beaufor

Island Gold mine life increased to 7 years(1) with 3 years mine life pre-developed

Beaufor mine life increased to more than 2 years(1)

Released Preliminary Economic Assessment for Island Gold (Oct 28/15)

OPERATIONAL HIGHLIGHTS

2015 Q1 2016 2016

Guidance

Gold produced (oz) 98,031 32,369 87,000-97,000

Cash cost per oz. (CAN$)(1) $977 $806 $930-$1,000

AISC (CAN$)(1) $1,373 - $1,275-$1,390

Cash cost per oz. (US$)(1) $764 $587 $680-$730(2)

AISC (US$)(1) $1,074 - $935-$1,015(2)

(1) Refer to the Non-GAAP performance measures contained in the Annual MD&A.

(2) 2016 Guidance assumes a foreign exchange rate of 1.364 Canadian dollars to the US dollar.

Proven and Probable Mineral Reserves(1)(2)

Island Gold Mine and Beaufor Mine

December 31, 2015 Gold ounces Gold g/t

Island Gold Proven & Probable

above ~400m 76,700 6.91

below ~400m 485,000 8.52

Island Gold Proven &

Probable 561,700 8.26

Beaufor Proven & Probable 63,850 6.57

Total Proven & Probable 625,550 8.05

(1) Refer to the detailed mineral reserve and mineral resource tables that follow at the end of this presentation

(2) No changes to Mineral Reserves were made at the Corporation’s other properties.

(1) Mine life based on 2015 Mineral Reserves and Resources

Operational Highlights


CANADIAN HIGH-GRADE UNDERGROUND MINE

Record Production Q1; Declining cash costs

YTD positive grade reconciliation: 44%

Production expansion opportunity

Reserves increase by 206%; 7-year mine life(1)

Exploration potential laterally and at depth (1) Refer to full 2015 Reserve and Resource information at the end of this presentation

2015 Q1

2016

2016

Guidance

PEA

2017-2022

Avg.

Gold Production (oz) 55,040 26,589 62,000-67,000 78,000

Gold Sold (oz) 52,363 26,031 - -

Cash costs/oz (C$)(1) $1,034 $674 $900-$960 $552

AISC (C$)(1) $1,460 - $1,160-$1,250 $639

Cash costs/oz (US$)(1) $808 $491 $660-$705(2) $414

AISC (US$)(1) $1,141 - $850-$920(2) $479

(1) Refer to the Non-GAAP performance measures contained in the Annual MD&A.

(2) 2016 Guidance a foreign exchange rate of 1.364 Canadian dollars to the US dollar.

• Tailing facility expanded to 2.7MT (2023)

High-grade underground mine in Canada

63% INCREASE IN PRODUCTION SINCE 2013

Capital and Exploration 2015 2016

Guidance

2016

PEA

Sustaining Capital ($M) 22.3 17.3 ~$20.0(2)

Project Capital ($M) PEA 28.9 37.4 36.8

Project Capital ($M)

non-PEA 2.0 6.0(1) -

Exploration ($M) 4.6 7.3 -

(1) Includes 1,000m of development and related infrastructure outside of the PEA area

(2) Estimated sustaining capital for the entire period 2017-2022 as per the PEA is $40.5M

2015 Reserves and

Resources Tonnes

Gold

Ounces Grade g/t

Reserves (oz)(1)/Grade (g/t) 2,115,500 561,700 8.26

M&I (oz)(1) /Grade (g/t) 348,500 71,700 6.40

Inferred (oz)(1)/Grade (g/t) 2,815,000 768,050 8.49

(1) Mine life based on 2015 Mineral Reserves and Resources


Underground Mine Productivity

ISLAND GOLD MINE: POSITIONING FOR GROWTH

70%

45% 40%

35% 30%

25% 20%

$-

$50

$100

$150

$200

$250

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Un

it C

ost

s p

er t

on

ne

(C$

)

Per

cen

t D

evel

op

men

t O

re

Development Ore vs. Unit Costs

Development Ore Unit Mining Cost

Accelerated Development Positions Mine for Long-Term Success

0,0

2,0

4,0

6,0

8,0

10,0

12,0

0

100

200

300

400

500

600

700

800

900

1000Q

4 1

4

Q1 1

5

Q2 1

5

Q3 1

5

Q4 1

5

2016E

PE

A(8

00tp

d)

Q1 1

6

Upsid

e(9

00tp

d)

Gra

ms p

er

tonne

To

nnes p

er

day

Underground tpd Head grade (g/t)

Illustrative – need estimate & actual data

Island Gold 2014 2015 Q1 2016 2016E

Underground (tpd) 601 659 853 800

Mill (tpd) 632 663 834 800

Head grade (g/t) 5.91 7.31 11.31 7.0-7.5

Recoveries (%) 96.3 96.8 96.3 96.5

(1) Fourth quarter production and mine and mill productivity: Includes a 3-week scheduled underground mine

shutdown and a 2-week scheduled mill shutdown

Tonnes mined from development ore:

• 2015: 50% / 2016E: 40% / PEA: 5%

First 2 mining horizons developed, third horizon development in progress

3 years of mine life pre-developed

Tailings expansion complete (2.3MT)

-

10 000

20 000

30 000

40 000

50 000

60 000

70 000

80 000

90 000

100 000

2014 2015 2016E(1) PEA BaseCase

(800tpd)(2)

UpsidePotential

(900tpd)(3)

(1) Mid-range of 2016 guidance

Island Gold Production Upside

(2) Avg. annual production 2017-2022 (3) Permitted potential

Oz A

u

2016E (1) PEA Base Case

(800tpd) (2)

Upside Potential

(900tpd) (3)


Q1 RECORD PRODUCTION: POSITIVE RECONCILIATION TO RESERVES

(1) Reconciliation Mined to Reserves as of March 31st, 2016

Record production in Q1; Higher than planned grades mined

Development ore ratio strategically increased to 55% (vs. 40% planned) in Q1

Development primarily in the higher-grade second mining horizon

YTD positive grade reconciliation of 44%: (47% development / 39% stope)

30% dilution assumption for development reserves; lower dilution from deeper, wider zones

Reserves (as of Dec 31st, 2015) Mined (reconciled) Variations (Mined vs Reserves)

Diluted

Tonnes

Diluted

Grade

Diluted

Ounces

Reconciled

Tonnes

Reconciled

Grade

Reconciled

Ounces Tonnes Grade Ounces

Total Development Q1 44,323 8.28 11,795 42,601 12.19 16,701 96% 147% 142%

Total Stope Q1 34,877 7.13 7,991 34,995 9.92 11,166 100% 139% 140%

Total U/G Q1 79,199 7.77 19,785 77,596 11.17 27,867 98% 144% 141%

Year-to-Date Reserve Reconciliation (1)


• First 2 mining horizons developed

• Mine life increased to 7 years

• 3 years of mine life pre-developed

• Tailing facility expanded to 2.7MT (2023)

ISLAND GOLD: 2016 DEVELOPMENT AND MINE PLAN


• Conceptual expansion case released in H2 2016; Potential Expansion Case

to 1,150 tpd decision in H1 2017

ISLAND GOLD: PEA OVERVIEW

• Potential for increased production and lower AISC

0

200

400

600

800

1000

1200

2015 Q1 2016 PEA BaseCase

PermittedCapacity

PEAExpanded

Case

To

nnes p

er

day

• Phased approach: Phase 1 (800 tpd)

• Mining from a depth of 450 to 860 metres over three long-hole mining horizons

• Excludes resources above the 450 metre level, isolated resource blocks and parallel zones

• Avg. production of approx. 78,000 gold ounces per year from 2017 to 2022 at

C$552/oz cash costs

PEA Summary 2017-2022 (C$)

Tonnes Milled (Mt) 1.7

Head Grade (g/t) 8.67

Mine life excl. transition period (years) 6

Daily mine production (tpd) 801

Gold recovery (%) 96.5

Production (Koz) 464.6

Average annual gold production (Koz) 78

Total operating cost (C$M) 256

Average cash operating cost (C$/t) 148

Average cash operating cost (C$/oz) 552

Transition Period Project Capital 2015-2016 (C$M) 62

Sustaining Capital (C$M) (2017-2022) 40.5

Mill Expansion Opportunity


86,500m Drilling program launched in Q4 2015; 50,050m completed to date

ISLAND GOLD: EXPLORATION PROGRAM


ISLAND GOLD: PLANNED REGIONAL EXPLORATION DRILLING


BEAUFOR MINE: OVERVIEW Q4 2015 2015

Gold Production (oz) 5,652 26,411

Gold Sold (oz) 5,237 26,875

Cash costs/oz (C$)(1) $1,084 $995

AISC (C$) (1) $1,515 $1,216

Cash costs/oz (US$)(1) $812 $778

AISC (US$) (1) $1,135 $951

Reserves (oz)(2) 63,850

Gold Grade (g/t)(2) 6.57

M&I Resources (oz)(2) 171,900

Gold Grade (g/t)(2) 6.34

(1) Refer to the Non-GAAP performance measures contained in the Q3 MD&A. (2) Refer to full 2015 Reserve and Resource information at the end of this presentation

(1) Refer to the Non-GAAP performance measures contained in the Annual MD&A

(2) 2016 Guidance assumes a foreign exchange rate of 1.364 Canadian dollars to the US dollar (3) Refer to full 2015 Reserve and Resource information at the end of this presentation

2015 Q1 2016 2016 Guidance

Gold Production (oz) 26,411 4,615 25,000-30,000

Gold Sold (oz) 26,875 5,037 -

Cash costs/oz (C$)(1) $995 1,398 $1,000-$1,060

AISC (C$)(1) $1,216 - $1,230-$1,330

Cash costs/oz (US$)(1) $778 1,018 $735-$780(2)

AISC (US$)(1) $951 - $905-$975(2)

Capital and Exploration 2015 2016 Guidance

Sustaining Capital ($M) $5.9 $6.8

2015 Reserves and Resources Gold

Ounces Grade g/t

Reserves (oz)(3)/Grade (g/t) 63,850 6.57

M&I (oz)(3) /Grade (g/t) 171,900 6.34

Inferred (oz)(3)/Grade (g/t) 28,000 6.44

Reserves increased by 95%; mine life increased by 2 years (based on reserves)

Development of the Q Zone; Reached the mineralized structure in late March

Generating free cash flow (2016-2017)

Camflo Mill: capacity of 1,200 tpd provides

toll milling opportunities

Generating free cash flow


MINERAL RESERVES INCREASE BY 187%

Gold oz.

63,850

Gold oz.

561,700

0

100

200

300

400

500

600

700

2012 2013 2014 2015

Min

era

l R

eserv

es (

000’s

ounces)

Monique Beaufor Island Gold

Mineral Reserves Growth

Proven and Probable Mineral Reserves(1)(2)

Island Gold Mine and Beaufor Mine

Gold ounces Grams per tonne

December 31 2015 2014

Change

(%) 2015 2014

Change

(%)

Island Gold Proven & Probable

above ~400m 76,700 90,000 (15%) 6.91 6.04 14%

below ~400m 485,000 93,750 417% 8.52 6.76 26%

Island Gold Proven & Probable 561,700 183,750 206% 8.26 6.39 29%

Beaufor Proven & Probable 63,850 32,750 95% 6.57 7.06 (7%)

Total Proven & Probable 625,550 216,500 187% 8.05 6.43 25%

(1) Refer to the detailed mineral reserve and mineral resource tables that follow at the end of this presentation. (2) No changes to Mineral Reserves were made at the Corporation’s other properties.

Island Gold Reserves increase by 206%

• 29% increase in grade to 8.26 g/t

• 80% of PEA resources converted

• Mine life of 7 years (based on reserves)

Beaufor Reserves increase by 95%

• Mine life > 2 years (based on reserves)

• Conversion primarily from the Q Zone

Significant exploration

potential for additional

reserve growth


WELL POSITIONED FOR SUSTAINABLE GROWTH

Significant Exploration Potential

Strong Balance Sheet

Favourable Canadian Dollar Exposure

Low Shares Outstanding (59M)

Quality Asset Base in Canada

Growing Production Profile

Decreasing Cost Structure

Growing Cash Flow Streams

Island Gold Mine Core Beaufor Mine Q Zone

APPENDIX


CHRISTIAN BOURCIER

Vice-President,

Operations

P. ENG

President and

Chief Executive Officer

P. ENG

RICHMONT MINES: MANAGEMENT TEAM

RENAUD ADAMS DANIEL ADAM

Vice-President

Exploration

GEO PHD

NICOLE VEILLEUX

Vice-President

Finance

CPA, CA

JEAN BASTIEN

Island Gold Mine

General Manager

P. ENG, MBA

MARC-ANDRÉ LAVERGNE

Beaufor Mine and Camflo Mill

General Manager

P. ENG

MAXIME GRONDIN

Director,

Human Resources

CIRC

MÉLISSA TARDIF

ANNE DAY

Vice-President,

Investor Relations

MBA

STEVE BURLETON

Vice-President,

Business Development

CFA, MBA

Director,

Business Performance

Management and

Infrastructure

BSC ISE

MIGUEL MENDOZA

Lawyer and

Corporate Secretary

LLB


RICHMONT MINES: BOARD OF DIRECTORS

RENÉ MARION

Chairman

of the Board

P. ENG

MICHAEL PESNER

Director and Chairman of

the Audit Committee

CA

RENAUD ADAMS

Director, President

and Chief Executive Officer

P. ENG

PETER BARNES

Director

CA

ELAINE ELLINGHAM

Director

P. Geo., MBA


2016 OPERATIONAL ESTIMATES

2016 Production and Cost Guidance

2016 Capital Investment Guidance

Operational Estimates Island Gold Beaufor

2016 Consolidated

Estimates

Gold Ounces Produced 62,000-67,000 25,000-30,000 87,000-97,000

Cash Costs per Ounce (C$)(1) $900-$960 $1,000-$1,060 $930-$1,000

Sustaining Capital per Ounce (C$) $260-$290 $230-$270 $250-$280

Corporate G&A per Ounce (C$) $95-$110

All-in Sustaining Costs per Ounce (C$)(1) $1,160-$1,250 $1,230-$1,330 $1,275-$1,390

Cash Costs per Ounce (US$)(1) $660-$705 $735-$780 $680-$730

Sustaining Capital per Ounce (US$) $190-$215 $170-$195 $185-$205

Corporate G&A per Ounce (US$) $70-$80

All-in Sustaining Costs per Ounce (US$)(1) $850-$920 $905-$975 $935-$1,015

(1) Cash costs and AISC are non-GAAP measures. Refer to the Non-GAAP performance measures section in the 2015 Annual MD&A.

Material assumptions include: an average gold price of C$1,500 per ounce (US$1,100 per ounce); and a foreign exchange rate of 1.364 Canadian dollars to the US dollar.

Capital and Exploration Investment ($M) Island Gold Quebec Division

2016 Consolidated

Estimates

Sustaining Capital (C$) $17.3 $6.8 $24.1

Project Capital (C$)(3) $43.4 $ - $43.4

Company-wide Exploration (C$) $7.3(1) $1.1(2) $8.4

Sustaining Capital (US$) $12.7 $5.0 $17.7

Project Capital (US$)(3) $31.8 $ - $31.8

Company-wide Exploration (US$) $5.4 $0.8 $6.2

(1) Exploration costs required to complete the drilling programs announced in September 2015.

(2) All delineation and exploration drilling for the Beaufor Mine is included in sustaining capital and $1.1 million is related to the Quebec division outside the Beaufor property.

(3) Project Capital for Island Gold includes accelerated underground development of $25.0 million (US$18.3 million) related to the PEA and $6.0 million (US$4.4 million) related to discretionary development outside the scope of the PEA.


49,196 oz

MINERAL RESERVES AND RESOURCES

Richmont Mines 2015 Mineral Reserve

and Resource Estimates

December 31, 2015 December 31, 2014

Tonnes Grade Ounces Tonnes Grade Ounces

(metric) (g/t Au) (metric) (g/t Au)

ISLAND GOLD MINE

Proven Reserves2 (above -400m) 97,000 7.00 21,800 173,000 6.25 34,700

Probable Reserves2 (above -400m) 248,000 6.88 54,900 290,500 5.91 55,300

Total Proven & Probable (above -400m) 345,000 6.91 76,700 463,500 6.04 90,000

Proven Reserves2 (below -400m) 266,500 7.72 66,100 86,000 6.57 18,150

Probable Reserves2 (below -400m) 1,504,000 8.66 418,900 345,500 6.81 75,600

Total Proven & Probable (below -400m) 1,770,500 8.52 485,000 431,500 6.76 93,750

Total Proven & Probable Reserves2 2,115,500 8.26 561,700 895,000 6.39 183,750

Measured Resources (above -400m) 7,500 5.80 1,350 26,000 5.30 4,400

Indicated Resources (above -400m) 235,500 6.96 52,700 269,500 6.98 60,450

Indicated Resources3 (below -400m) 105,500 5.20 17,650 438,000 10.95 154,200

Total Measured & Indicated Resources 348,500 6.40 71,700 733,500 9.29 219,050

Inferred Resources (above -400m) 412,500 7.44 98,700 369,500 6.97 82,800

Inferred Resources3 (below -400m) 2,402,500 8.67 669,350 3,178,000 9.00 919,950

Total Inferred Resources 2,815,000 8.49 768,050 3,547,500 8.79 1,002,750

BEAUFOR MINE4

Proven Reserves2 35,600 7.31 8,350 53,000 7.13 12,100

Probable Reserves2 266,500 6.48 55,500 91,500 7.02 20,650

Total Proven and Probable Reserves 302,100 6.57 63,850 144,500 7.06 32,750

Measured Resources 109,000 5.32 18,600 111,500 5.30 19,000

Indicated Resources 734,000 6.50 153,300 805,500 6.60 170,850


Total Inferred Resources 135,000 6.44 28,000 743,000 6.51 155,600

MONIQUE MINE5

Proven Reserves2

Probable Reserves2 14,500 3.16 1,450

Total Proven & Probable Reserves2 14,500 3.16 1,450

Total Indicated Resources 107,500 4.88 16,850 107,500 4.88 16,850

WASAMAC GOLD PROPERTY6

Measured Resources 3,124,500 2.75 276,550 3,124,500 2.75 276,550

Indicated Resources 12,127,000 2.89 1,125,700 12,127,000 2.89 1,125,700

Total Measured & Indicated Resources 15,251,500 2.86 1,402,250 15,251,500 2.86 1,402,250

Total Inferred Resources 18,759,000 2.66 1,605,400 18,759,000 2.66 1,605,400

FRANCOEUR GOLD PROPERTY6, 7

Measured Resources 40,000 5.89 7,600 40,000 5.89 7,600

Indicated Resources 280,000 6.55 59,000 280,000 6.55 59,000


Total Inferred Resources 18,000 7.17 4,150 18,000 7.17 4,150

TOTAL RESERVES AND RESOURCES

Proven & Probable Reserves 2,417,600 8.05 625,550 1,054,000 6.43 217,950

Measured & Indicated Resources 16,870,500 3.19 1,729,300 17,329,500 3.40 1,894,600

Inferred Resources 21,727,000 3.44 2,405,600 23,067,500 3.73 2,767,900

1. Mineral Resources presented are exclusive of Mineral Reserves. Mineral Resources that are not Mineral Reserves do

not have demonstrated economic viability.

2. In 2015, based on a gold price of C$1,300 per ounce and an exchange rate of C$1.2037 = US$1.00.

(In 2014: gold price of C$1,300 per ounce and C$1.0833 = US$1.00).

3. Underground Resources established for the C Zone and six other lateral zones below a vertical depth of -400 metres.

4. W Zone and 350 Zone Mineral Reserves and Mineral Resources are included with the Beaufor Mine as at

December 31, 2015 and 2014.

5. Monique Mineral Reserves are open-pit, and Mineral Resources are located underground directly below the open-pit.

6. Underground Mineral Resources established as of December 31, 2012.

7. Francoeur Mine closed in November 2012.


TOP INSTITUTIONAL SHAREHOLDERS

Firm Name % O/S Shares Held City

Renaissance Technologies LLC 5.95 3,484,500 New York

ZPR Investment Management Inc. 4.70 2,752,610 Orange City

Caisse de Depot et Placement du Quebec 4.66 2,730,000 Montreal

OppenheimerFunds, Inc. 3.93 2,300,000 New York

1832 Asset Management L.P. 3.72 2,175,000 Toronto

Connor, Clark & Lunn Investment Management Ltd. 3.10 1,812,714 Vancouver

RBC Global Asset Management Inc. 2.92 1,711,273 Toronto

Sentry Investments Inc. 2.76 1,615,900 Toronto

Mackenzie Financial Corporation 2.73 1,600,800 Toronto

Ruffer LLP 2.22 1,300,000 London

U.S. Global Investors, Inc. 1.88 1,100,000 San Antonio

Fiera Capital Corporation 1.70 995,789 Montreal

Fonds de Solidarité FTQ 1.68 985,600 Montreal

Eterna Investment Management Inc. 1.52 888,600 Quebec City

Picton Mahoney Asset Management 1.45 850,000 Toronto

Dimensional Fund Advisors, L.P. 1.41 825,000 Austin

Norrep Capital Management Ltd. 1.12 655,400 Calgary

Manulife Asset Management Limited 1.11 650,000 Toronto

Acadian Asset Management LLC 1.00 584,648 Boston

Formula Growth Ltd. 0.94 550,000 Montreal

AGF Investments Inc. 0.93 546,600 Toronto

BlackRock Asset Management Canada Limited 0.93 545,000 Toronto

James Investment Research Inc. 0.86 505,415 Xenia

Gabelli Funds, LLC 0.77 450,000 Rye


ISLAND GOLD MINE C Zone – Metal factor (grade x width) as of Dec. 2015


ISLAND GOLD MINE Near-Mine Lateral Exploration


ISLAND GOLD MINE

Histogram of the Ext C Samples


ISLAND GOLD MINE

Log Normal Probability Plot (Ext C Drill Hole Samples)


ISLAND GOLD MINE Deep Directional Drilling (Phase 1)


ISLAND GOLD MINE Eastern Lateral Exploration


ISLAND GOLD MINES Western Lateral Exploration


WASAMAC: ADVANCED DEVELOPMENT PROJECT

Resources Tonnes Grade

(g/t Au)

Gold

Ounces

Measured Resources 3,124,500 2.75 276,550

Indicated Resources 12,127,000 2.89 1,125,700

Inferred Resources 18,759,000 2.66 1,605,400

(1) Refer to full 2014 Reserve and Resource information at the end of this presentation

15km west of Rouyn-Noranda, Quebec

100% owned, no royalties

Close proximity to existing infrastructure

Located in the Abitibi gold mining district

Significant exploration potential

NI 43-101 PEA released in March 2012


RICHMONT MINES ASSETS VALD’OR AREA – EXPLORATION PROPERTIES


RICHMONT MINES ASSETS ROUYN-NORANDA AREA / EXPLORATION PROPERTIES


RICHMONT MINES ASSETS TIMMINS AREA / EXPLORATION PROPERTIES


OUR VISION and STRATEGY

Our vision is to become a leading intermediate gold producer focused on

the Americas generating superior per share valuation. We are committed to a

“Sustainable Business Model” and a strategy of long-term growth, and will

fully utilize the Corporation’s strong balance sheet, assets, cash flow, capital

structure and the extensive experience of the Corporations’ Board of

Directors and Management Team to build the next leading Canadian based

intermediate gold company.

Our strategy, in the short term, will focus on becoming a leading junior

gold producer by maintaining at all times a superior per share position on

operational & financial metrics while maintaining a sustainable and risk

adverse approach under a “Sustainable Business Model”.

We are guided by our core corporate values to achieve long term value

for all of our stakeholders. By cultivating a culture of responsible

performance, we are focused on operating in a sustainable manner while

holding ourselves accountable to all of our stakeholders.


OUR VALUES

At the heart of this is a commitment to

responsibility, integrity and accountability

and the Corporation’s four corporate

values of Family, Health & Safety,

Growth and Team Work.

Health

and Safety

“Zero tolerance…”

Family

“At the heart of

what unites us…” Richmont Mines is a family. Our

management team is easily accessible

and actively listens to our employees and their

families. Richmont has put a number of plans and

activities in place, including programs that

support work-family balance, scholarships,

and student hiring.

Health and safety is a cardinal value

of the corporation. Richmont Mines

makes every effort to safeguard the health

and safety of all of its employees. We implement

efficient health and wellness programs and

support our objectives with recognition programs.

The only truly acceptable result is zero accidents.

Team Work

“Working together...” Richmont Mines strives to create a unified

team by encouraging the involvement and

the participation of our employees and

stakeholders. We want our employees to

enjoy working together. Every position is

important. Working together and promoting

cooperation promotes continued success and

the achievement of greater objectives.

With an objective of becoming a leading junior

gold producer in the short-term and an important

intermediate gold producer, Richmont’s growth is

supported by the development of our workforce, the

health and safety of our employees, and cultivating

good relations with the community, while having

a transparent approach, driven by integrity

and ethics.

Growth

“We are building the future…”


SUSTAINABLE BUSINESS MODEL

We believe in developing Richmont based

on the principles of sustainability,

in order to deliver sustainable and

superior value for all stakeholders

with low risk exposure

to precious metals. Sustainable

Human Resources

Sustainable

Community Development

Sustainable

Process Improvement

Sustainable

Growth Principles

Making work life sustainable through

employee health & safety and wellness

programs, improved supervisory & operational

planning/implementation practices and skills

through training programs. Develop potential

leadership abilities through leadership program.

Promote Life in Balance; family, work and

personal development.

Reducing inefficiency and waste

through quality & performance

management by implementation of

“Lean” methods and balanced score

card approach. Advanced knowledge

and experience with energy efficiency,

sustainable waste systems & construction/

building practices.

Leadership and consulting skills for

promoting comprehensive change

toward sustainability in communities and

developing world-class relationships

with Aboriginal communities.

Developing sustainable exploration,

development, operational and financial

practices in order to deliver superior per share

value, mitigation/management of risk exposure

and discipline approach toward preserving best-

in-class balance sheet and capital structure.

Economy & Finance

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