red cloud pre-pdac showcase

TSX–NYSE MKT: RIC

POSITIONING FOR SUSTAINABLE GROWTH

Red Cloud Pre-PDAC Mining Showcase

March 4, 2016

www.richmont-mines.com 2RIC: 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 (58M)


CAPITAL STRUCTURE

Capital Structure(1)

Issued & Outstanding Shares 58.3M

Options 3.0M

Fully Diluted 62.3M

Cash(1) C$61

Total Debt(2) C$7.3M

Ticker RIC:TSX–NYSE

Market Capital (Feb. 23/16) C$363M

(1) As of Dec. 31, 2015.

(2) Long-term debt is primarily comprised of capital lease obligations

$61MCASH

$7.3MDEBT

Analyst Coverage

CIBC Kevin Chiew

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

RIC (as of Feb. 23, 2016)

TSX

C$

NYSE MKT

US$

Closing price $6.22 $4.50

52-week range $3.14-$6.90 $2.27-$5.00

Market Cap (M’s) $363M $263M

30-day daily trading avg. 184,522 333,988

Strong cash position supports fully

funded strategic growth plan

www.richmont-mines.com 5

Record Revenues of $143.7 million

Strong operating cash flow per share of $0.74

Strong cash position of $61 million at year end

Low long term debt of $7.3 million

Assembled experienced senior management team

Appointed Rene Marion as non-executive Chairman

Appointed Peter Barnes to the Board of Directors

CORPORATE HIGHLIGHTS


Annual production exceeds guidance; AISC in-line with guidance

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

20152015

Guidance

2016

Guidance

Gold produced (oz) 98,031 87,000-95,000 87,000-97000

Cash cost per oz. (CAN$)(1) $977 $935-$1,035 $930-$1,000

AISC (CAN$)(1) $1,373 $1,335-$1,490 $1,275-$1,390

Cash cost per oz. (US$)(1) $764 $750-$825 $680-$730(2)

AISC (US$)(1) $1,074 $1,075-$1,190 $935-$1,015(2)

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

2. For 2016 material assumptions include: an average gold price of CAD$1,500 per ounce (US$1,100 per ounce);

and 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 Grams per tonne

Island Gold Proven & Probable

above ~400m 76,700 6.91

below ~400m 485,000 8.52

Island Gold Proven &

Probable561,700 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 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

2015 Operational Highlights


HIGH-GRADE UNDERGROUND MINE IN CANADA

Expansion opportunity to grow production

Growing production and declining cost structure

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

20152016

Guidance

PEA

2017-2022

Avg.

Gold Production (oz)(1) 55,040 62,000-67,000 78,000

Cash costs/oz (C$)(1)(2) $1,034 $900-$960 $552

AISC (C$)(1)(2) $1,460 $1,170-$1,250 $639

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

AISC (US$) (1)(2) $1,141 $855-$920 $479

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

(2) 2016 Guidance assumes an average gold price of CAD$1,500 per ounce (US$1,100 per ounce); and a

foreign exchange rate of 1.364 Canadian dollars to the US dollar.

54% INCREASE IN PRODUCTION SINCE 2013

Capital and Exploration 20152016

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-PEA2.0 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

ResourcesTonnes

Gold

OuncesGrade 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

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0

0

100

200

300

400

500

600

700

800

900

Q4 14 Q1 15 Q2 15 Q3 15 Q4 15 2016E PEABaseCase

Gra

ms p

er

tonne

Tonnes p

er

day

Underground tpd Head grade (g/t)

Island Gold 2014 2015 2016E

Underground tpd 657 659 800

Mill tpd 656 663 800

Head grade (g/t) 7.62 7.31 7-7.5

Recoveries (%) 96.00 96.80 96.50

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

shutdown in October

Tonnes mined from development ore:

• 2015: 50% / 2016E: 40%

• PEA: 5% (2017-2022)

First 2 mining horizons developed

3 years of mine life pre-developed

54% increase in production since 2013

Tailings expansion complete (2.3MT)


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

Q4 14 Q1 15 Q2 15 Q3 15 Q4 15 Dec 15 PermittedCapacity

Increased Capacity of 900tpd

Base Case 800tpd

• 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

$552/oz cash costs

PEA Summary 2017-2022

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 ($M) 256

Average cash operating cost ($/t) 148

Average cash operating cost ($/oz) 552

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

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

Mill Expansion OpportunityExpanded Case: 1,150tpd


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


(2) Material assumptions include: an average gold price of CAD$1,500 per ounce (US$1,100

per ounce); and 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 2016 Guidance

Gold Production (oz)(1) 26,411 25,000-30,000

Gold Sold (oz) 26,875 -

Cash costs/oz (C$)(1)(2) $995 $1,000-$1,060

AISC (C$)(1)(2) $1,216 $1,230-$1,330

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

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

Capital and Exploration 2015 2016 Guidance

Sustaining Capital ($M) $5.9 $6.8

2015 Reserves and

Resources

Gold

OuncesGrade 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; Target of reaching the mineralized structure by early 2016

Generating free cash flow

Camflo Mill: capacity of 1,200 tpd provides

toll milling opportunities


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 625,550 217,950 187% 8.05 6.43 25%

(1) Refer to the detailed mineral reserve and mineral resource tables follow at the end of this press release.(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 (58M)

Growing Production - Decreasing Cash Costs Growing Cash Flow Streams

Quality Asset Base in Canada

Growing Production Profile

Decreasing Cost Structure

Growing Cash Flow Streams

-

200

400

600

800

1,000

1,200

40,000

50,000

60,000

70,000

80,000

90,000

100,000

FY-15A FY-16* FY-17 FY-18

Ca

sh c

osts

per

oz.

(CA

D$

)

Gold

Pro

duction (

oz)

* 2016 is mid-range of guidanceSource: ThomsonOne Consensus Data

Production (oz) Cash Costs (CAD$/oz)

0.00

0.10

0.20

0.30

0.40

0.50

0.60

0.70

0.80

0.90

1.00

FY-15 FY-16 FY-17 FY-18

Cash F

low

per

share

(C

$)

Source: ThomsonOne Consensus Data

OCF/PS

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

GREG CHAMANDY

Director

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 (CAD$)(1) $900-$960 $1,000-$1,060 $930-$1,000

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

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

All-in Sustaining Costs per Ounce (CAD$)(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 CAD$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 (CAD$) $17.3 $6.8 $24.1

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

Company-wide Exploration (CAD$) $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.


Sustaining Capital Investment ($M) CAD$ US$

Exploration Expense 4.6 3.6

Total Exploration 4.6 3.6

2015 Island Gold Exploration Expense

ISLAND GOLD: Capital & Exploration Expenditures

Sustaining Capital Investment ($M) CAD$ US$

Capital Projects / Fixed Assets 10.3 8.1

Sustaining Mine Development 9.1 7.1

Delineation Drilling 2.9 2.3

Sustaining Capital Investment 22.3 17.5

• Additional sustaining costs for the year included electrical and infrastructure upgrades of $1.7 million

(US$ 1.3 Million) and the development of additional resources located in the Goudreau Zone, which was

not considered in 2015 guidance estimates.

• Additional project capital investments for 2015 included the expansion of the tailings dam capacity for

$6.8 million (US$ 5.3 million), electrical upgrades of $3.4 million (US$ 2.7 million) as well as other site

infrastructure upgrades.

2015 Island Gold Capital Investment

Project Capital ($M)(1) CAD$ US$

Tailings Dam Expansion 8.7 5.3

Main Ramp Extension 7.8 6.1

Eastern Ramp Extension and 620m Exploration Drift 8.5 6.6

Electrical Upgrade 5.9 2.7

Total Project Capital 30.9 20.7


Development Ore vs. Unit Costs:

$1,232

$1,696

1000

1100

1200

1300

1400

1500

1600

1700

1800

USD Gold CAD Gold

ISLAND GOLD: OPTIMIZING UNIT COSTS

$49SG&A (21%)

2015 Unit Cost Allocation

$140MINING (60%)

$35MILLING

(15%)

$8ROYALTIES (3%)

Strong Leverage to Canadian Dollar95% of Cash Outflows in CAD$

3-years mine life pre-developed:

Provides significant flexibility


49,196 oz

MINERAL RESERVES AND RESOURCESRichmont 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 CAD$1,300 per ounce and an exchange rate of CAD$1.2037 = US$1.00.

(In 2014: gold price of CAD$1,300 per ounce and CAD$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 SHAREHOLDERS

Firm Name % O/S Shares Held City

Oxbridge Group, Inc.(1) 6.93 4,020,854 Montreal

Renaissance Technologies LLC 5.59 3,241,100 New York

Caisse de Depot et Placement du Quebec 4.70 2,730,000 Montreal

ZPR Investment Management Inc. 4.35 2,524,360 Orange City

Sentry Investments Inc. 3.88 2,252,300 Toronto

1832 Asset Management L.P. 3.53 2,050,000 Toronto

RBC Global Asset Management Inc. 3.29 1,906,900 Toronto

U.S. Global Investors, Inc. 2.97 1,725,000 San Antonio

OppenheimerFunds, Inc. 2.84 1,650,000 New York

Mackenzie Financial Corporation 2.77 1,605,300 Toronto

Connor, Clark & Lunn Investment Management Ltd. 2.26 1,309,849 Vancouver

Ruffer LLP 2.04 1,185,000 London

Picton Mahoney Asset Management 1.85 1,075,000 Toronto

Chamandy (H Gregory) 1.72 995,509 Montreal

Fonds de Solidarité FTQ 1.69 980,000 Montreal

Fiera Capital Corporation 1.36 787,789 Montreal

Norrep Capital Management Ltd. 1.32 764,400 Calgary

Dimensional Fund Advisors, L.P. 1.25 725,000 Austin

Formula Growth Ltd. 0.95 550,000 Montreal

AGF Investments Inc. 0.94 546,600 Toronto

Manulife Asset Management Limited 0.93 537,400 Toronto

James Investment Research Inc. 0.78 455,415 Xenia

Gabelli Funds, LLC 0.78 450,000 Rye

Phillips, Hager & North Investment Management 0.71 413,500 Vancouver

Mason Hill Advisors, LLC 0.62 360,000 New York

(1) Shares held by H. Greg Chamandy, Director– Richmont Mines


ISLAND GOLD MINENear-Mine Lateral Exploration


ISLAND GOLD MINEDeep Directional Drilling (Phase 1)


ISLAND GOLD MINEEastern Lateral Exploration


ISLAND GOLD MINESWestern Lateral Exploration


BEAUFOR MINE: OPERATIONAL HIGHLIGHTS


Safe operation, 2 years without lost-time injury

Cash costs & AISC in-line with guidance

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

Development of Q Zone; target to reach mineralization Q1 2016

Beaufor Mine

Quarter ended

Dec. 31/15

Quarter ended

Dec. 31/14

Twelve-months

ended

Dec. 31/15

Twelve-months

ended

Dec.31/14

Gold produced (oz) 5,652 6,633 26,411 24,959

Gold sold (oz) 5,237 5,840 26,875 24,006

Cash cost per ounce (CAN$)(1) 1,084 935 995 946

AISC (CAN$)(1) 1,515 988 1,216 1,024

Realized gold price (CAN$) 1,467 1,367 1,474 1,399

Cash cost per ounce (US$)(1) 812 823 778 856

AISC (US$)(1) 1,135 870 951 927

Realized gold price (US$) 1,099 1,204 1,153 1,267

Underground tpd 306 327 343 323

Mill tonnes 28,345 30,247 125,447 115,573

Head grade (g/t) 6.30 6.96 6.64 6.86

Recoveries (%) 98.4 98.1 98.6 97.9

Sustaining Costs ($000’s) 2,259 313 5,942 1,880

Project and non-sustaining capital ($000’s) 132 607 340 1,733


MONIQUE MINE: OPERATIONAL HIGHLIGHTS


Monique Mine

Quarter ended

Dec. 31/15

Quarter ended

Dec. 31/14

Twelve-months

ended

Dec. 31/15

Twelve-months

ended

Dec. 31/14

Gold produced (oz) 2,525 7,324 16,580 23,675

Gold sold (oz) 2,835 6,774 17,657 23,490

Cash cost per ounce (CAN$)(1) 977 586 782 910

AISC (CAN$)(1) 982 647 798 958

Realized gold price (CAN$) 1,478 1,366 1,486 1,387

Cash cost per ounce (US$)(1) 731 516 612 824

AISC (US$)(1) 735 570 625 867

Realized gold price (US$) 1,107 1,203 1,162 1,256

Mill tonnes 45,922 85,447 224,673 283,009

Head grade (g/t) 1.77 2.80 2.37 2.71

Recoveries (%) 96.4 95.3 96.7 96.0

Mining of the pit completed January 2015

Cash Costs & AISC in-line with guidance

Strong Free Cash Generation

Stockpile processed in 2015; grade of 2.37 g/t Au

Reclamation on-going


WASAMAC: ADVANCED DEVELOPMENT PROJECT

Resources TonnesGrade

(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 ASSETSVALD’OR AREA – EXPLORATION PROPERTIES


RICHMONT MINES ASSETSROUYN-NORANDA AREA / EXPLORATION PROPERTIES


RICHMONT MINES ASSETSTIMMINS 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.