scotiabank mining conference – december 7, 2016

TSX–NYSE MKT: RIC

POSITIONING FOR SUSTAINABLE GROWTH

Scotiabank Mining Conference 2016

December 7, 2016

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

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

Resource Estimates

This presentation contains forward-looking statements that include risks and uncertainties. When used in this presentation, the words

“estimate”, “projects”, “anticipate”, “expects”, “intend”, “believe”, “hope”, “may”, and similar expressions, as well as “will”, “shall”, and other

indications of future tense, are intended to identify forward-looking statements. The forward looking statements are based on current expectations

and apply only as of the date on which they were made. Except as required by law or regulation, Richmont undertakes no obligation and disclaims

any responsibility to publicly update or revise any forward looking statements of information, whether as a result of new information, future events

or otherwise. 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 Annual Information Form.

The resource estimates in this presentation were prepared in accordance with National Instrument 43-101 Standards of Disclosure of Mineral

Projects (“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.

For additional information regarding the Mineral Reserves and Resources referred to in this presentation, please refer to the technical report

entitled “Amended Technical Report on the Mineral Reserve and Mineral Resource Estimates as of Dec. 31, 2015 for the Island Gold Mine” dated

April 5, 2016 and effective as of Dec. 15, 2016.

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.)

FORWARD LOOKING STATEMENTS

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 (63M)(1)

(1) Undiluted and including 3.0 million shares issued as part of the June 2016 equity financing.


CAPITAL STRUCTURE

Capital Structure

Issued & Outstanding Shares(1) 62.8M

Fully Diluted 66.1M

Cash(2) C$79M

Total Debt(2) C$12.7M

Ticker RIC:TSX–NYSE MKT

Market Capital (Dec. 1/16) C$543M

C$79M(US$60M)*

CASH(2)

C$12.7M(US$9.8M)*

DEBT(2)

RIC (as of December 1, 2016)

TSX

C$

NYSE MKT

US$

Closing price $8.62 $6.50

52-week range $3.73-$15.01 $2.79-$11.66

Market Cap (M’s) $543M $410M

90-day daily trading avg. 369,000 671,000

Strong cash position supports fully

funded strategic growth plan(1) Includes 3.0 million shares issued as part of the June 2016 C$31M equity financing.

(2) As of Sept. 30, 2016.

Analyst Coverage

BMO Capital Markets Brian Quast

Canaccord Genuity Rahul Paul

CIBC Jeff Killeen

Cormark Securities Richard Gray

Desjardins Capital Mike Parkin

Haywood Securities Kerry Smith

Mackie Research Ryan Hanley

Macquarie Capital Markets Michael Gray

National Bank Financial Adam Melnyk

Paradigm Capital Don Blyth

PI Financial Brian Szeto

Scotia Capital Craig Johnston

TD Securities Daniel Earle

* Using a C$:US$ exchange rate of 1.30


Operational Highlights

Successful mine and mill electrical upgrade completed at Island Gold

Island Gold on-track to meet, or exceed, revised guidance

Company-wide on track to meet revised guidance

Island Gold mine life of 7 years based on reserves with 3 years mine life pre-developed

Expansion Case PEA (H1 2017); 900tpd Base Case vs. 1,100 tpd Exp. Case

OPERATIONAL HIGHLIGHTS

(1) Refer to the Non-IFRS performance measures contained in the Q3 2016 MD&A.

(2) Revised guidance assumes an exchange rate of 1.33 for January to June and 1.30 for July to December.

(3) Includes 1,165 gold ounces produced from the Monique Mine in January 2016

(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.

Q3 2016Nine-Months

2016

Revised 2016

Guidance

Gold produced (oz) 18,856 74,545 98,000-106,000(3)

Cash cost per oz. (C$)(1) $1,063 $899 $885-$945

AISC per oz. (C$)(1) $1,604 $1,296 $1,230-$1,335

Cash cost per oz. (US$)(1)(2) $815 $680 $675-$720

AISC per oz. (US$)(1)(2) $1,230 $980 $935-$1,015

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


ISLAND GOLD MINE:

CANADIAN HIGH-GRADE UNDERGROUND MINE

Strong Production Profile; Declining cash costs

Positive grade reconciliation YTD of 25%

Production growth opportunities

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

POTENTIAL PRODUCTION INCREASE OF

UP TO 125% SINCE 2013

Exploration potential laterally and at depth(1) Mine life based on 2015 Mineral Reserves.

(1) Refer to full 2015 Reserve and Resource information at the end of this presentation.

(1) Refer to the Non-IFRS performance measures contained in the Q3 2016 MD&A.

(2) The revised guidance assumes an exchange rate of 1.33 for January to June and 1.30 for July to December.

Q3

2016

9 Months

2016

Revised

2016

Guidance

Gold Production (oz) 14,031 59,237 75,000-80,000

Cash costs/oz (C$)(1) $958 $770 $800-$840

AISC per oz. (C$)(1) $1,330 $1,025 $1,040-$1,110

Cash costs/oz (US$)(1)(2) $734 $582 $610-$640

AISC per oz. (US$)(1)(2) $1,019 $776 $795-$845

Capital and Exploration9 Months

2016

Revised

2016

Guidance

Sustaining Capital (C$M) $15.3 $18.9

Project Capital (C$M) $28.4 $46.1

Exploration (C$M) $10.9 $16.0

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


ISLAND GOLD MINE: POSITIONING FOR GROWTH

Island Gold 2015Q1

2016

Q2

2016

Q3

20162016E

Underground (tpd) 659 853 911 890(2) 810

Development to

stope ratio (%)50/50 55/45 48/52 44/56 40/60

Mill (tpd) 663 834 878 878(2) 810

Head grade (g/t) 7.31 11.31 7.51 7.70 8.2 – 8.7(1)

Recoveries (%) 96.8 96.3 96.5 96.4 96.5

(1) Assumes a grade of 9.36 g/t for the 6 months ended June 30/16

(2) Excludes a 16-day underground mine shutdown and a 25-day mill shutdown

First 2 mining horizons developed, third horizon ore development in progress

3 years of mine life pre-developed

Tonnes mined from development ore:

• 2015: 50% / 2016E: 40%

Mill electrical upgrade: Completed Q3

-

20,000

40,000

60,000

80,000

100,000

120,000

2014 2015 2016E(1) Base Case900tpd(2)

Exp. Case1100tpd(2)

Island Gold Production Upside

(1) High end of revised 2016 guidance

(2) Estimated production based on Base Case and Expansion Case scenarios outlined in Nov. 1, 2016 Press

Release and a grade of 8.67 g/t detailed in the 2015 PEA for the years 2017-2022.

(1) Q3 2016 productivity excludes 16-day electrical upgrade shutdown of the underground mine

0.00

2.00

4.00

6.00

8.00

10.00

12.00

0

200

400

600

800

1000

1200

Gra

ms p

er

tonne

To

nnes p

er

day

Underground tpd Head grade (g/t)

Underground Mine Productivity


Q3 IN-LINE PRODUCTION AT ISLAND GOLD:Positive Reconciliation To Reserves Continues

9-Month Reserve Reconciliation

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

Diluted

Tonnes

Diluted

Grade

Diluted

Ounces

Reconciled

Tonnes

Reconciled

Grade

Reconciled

OuncesTonnes Grade Ounces

Total Development Q3 24,571 4.82 3,807 29,741 6.12 5,853 121% 127% 154%

Total Stope Q3 34,211 7.07 7,778 37,906 8.26 10,063 111% 117% 129%

Total U/G Q3 58,782 6.13 11,585 67,647 7.32 15,916 115% 119% 137%

In-line production in Q3; Higher than planned milled grades of 7.70 g/t

Positive reconciliation of 37%: (19% grade / 15% tonnes)

Percentage of higher cost development ore to total ore of 49% YTD; 2016 plan of 40%

Development primarily in lower-grade extensions of the second mining horizon

YTD reconciliation from mining in first and second mining horizons only. Development in

ore initiated in higher grade third mining horizon in Q4

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

Diluted

Tonnes

Diluted

Grade

Diluted

Ounces

Reconciled

Tonnes

Reconciled

Grade

Reconciled

OuncesTonnes Grade Ounces

Total Development 2016 113,399 6.33 23,094 112,522 8.23 29,756 99% 130% 129%

Total Stope 2016 101,539 7.53 24,596 115,642 8.99 33,427 114% 119% 136%

Total U/G 2016 214,938 6.90 47,690 228,164 8.61 63,183 106% 125% 132%

Q3 Reserve Reconciliation

The reconciliation to date is based on mining in the first and second mining horizons only, and should not be extrapolated to the third and fourth mining horizons.


ISLAND GOLD:2016 DEVELOPMENTAND MINE PLAN

First Mining Horizon

Tonnes Grade (g/t) Ounces

P&P 433,681 6.30 87,786

Third Mining Horizon


P&P 616,039 10.59 209,705

Inferred 342,967 11.18 123,167

Second Mining Horizon


P&P 566,272 8.57 156,048

Fourth Mining Horizon


Inferred 665,957 8.80 188,403

Stoping in First Horizon;

development in ore in

Second Horizon (Q1-Q3)

Stoping in First and

Second Horizons;

Development in ore in

Third Horizon (Q4)

Positive reconciliation

YTD of +25% grade and

+6% tonnage

More than 5 years of

mining pre-developed by

late 2017


ISLAND GOLD: GROWTH OPPORTUNITIES

• Expanded resource area east-west of main reserve area (most contiguous portion)

• Mining from a depth of 450 to 1,000 metres over 4 mining horizons

• Base Case of 900 tpd increasing to Expansion Case 1,100 tpd utilizing existing ramp system

• Incorporation of December 31, 2016 Reserve and Resource estimates, that will consider:

• Positive reconciliation of 32% achieved YTD (25% on grade and 6% on tonnes)

• Encouraging near-mine delineation and exploration drill results

• New Life of Mine (LoM) and operating costs and capital estimates

• Minimal capital requirements for mine and mill expansion; fully funded internally

• Maximize mining capacity without new infrastructure

• Increased milling capacity to 1,200 tpd would allow future growth at minimal cost (~C$15M)

Potential for a further upside scenario of up to 1,200 tonnes per day as

additional resources are included in the mine plan.

Expansion Case PEA (H1 2017)

www.richmont-mines.com 11

ISLAND GOLD: 2016 Near-Mine Delineation Drilling


ISLAND GOLD: 2016 Near-Mine Exploration Drilling


ISLAND GOLD:Phase 2 Exploration Program, H2 2016 (36,000m)ISLAND GOLD: Phase 2 Exploration Program, H2 2016 (58,000m)


ISLAND GOLD:

Regional Surface Exploration Phase 2 (20,000m)


BEAUFOR MINE: OVERVIEWQ3

2016

9 Month

2016

Revised

2016 Guidance

Gold Production (oz) 4,825 14,143 23,000-26,000(1)

Cash costs/oz (C$)(2) $1,411 $1,433 $1,150-$1,300

AISC per oz. (C$)(2) $1,893 $1,837 $1,420-$1,610

Cash costs/oz (US$)(2)(3) $1,082 $1,084 $875-$1,000

AISC per oz. (US$)(2)(3) $1,451 $1,390 $1,080-$1,235

Capital and Exploration H1 2016Revised 2016

Guidance

Sustaining Capital (C$M) $3.6 $7.0

2015 Reserves and Resources Gold Ounces Grade g/t

Reserves (oz)(4)/Grade (g/t) 63,850 6.57

M&I (oz)(4) /Grade (g/t) 171,900 6.34

Inferred (oz)(4)/Grade (g/t) 28,000 6.44

1) Includes 1,165 ounces produced from the Monique Mine in January 2016

2) Refer to the Non-IFRS performance measures contained in the Q2 2016 MD&A

3) An exchange rate of 1.36 Canadian dollars to 1.0 US dollar was used for the original 2016 guidance issued

on Feb. 11, 2016. The revised guidance assumes an exchange rate of 1.33 for January to June and 1.30 for

July to December.

4) Refer to full 2015 Reserve and Resource information at the end of this presentation

Reserves increased by 95%; mine life increased

to 2 years (based on reserves)

Development of the Q Zone; stope mining in Q4

Expected to generate free cash flow (2016-2017)

Camflo Mill: capacity of 1,200 tpd provides toll

milling opportunities


WASAMAC:ADVANCED DEVELOPMENT PROJECT

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

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

Located in the Abitibi gold mining district

15km west of Rouyn-Noranda, Quebec

100% owned, no royalties

Close proximity to existing infrastructure

Significant exploration potential

Base case parameters: Gold price per ounce of US$1,300 or

C$1,350 using a C$:US$ exchange rate of 1.04.

March 2012 PEA Summary (C$)

Mine life 14

Daily mine production (tpd) 6,000

Total Production (Koz) 1,750

Average annual gold production (Koz) 140

Average cash operating cost (C$/t) 46

Average cash operating cost (C$/oz) 716

Total Capital (C$M) 680

NPV5% (C$M) 71

IRR(5%) (%) 7

NI 43-101 PEA released in March 2012

IRR of 14% at C$1,650/oz. gold

(current 60-day avg. of ~C$1,660/oz)

Potential to improve base case economics

Potential technical and operational

enhancements


WELL POSITIONED FOR SUSTAINABLE GROWTH

Significant Exploration Potential

Strong Balance Sheet

Favourable Canadian Dollar Exposure

Low Shares Outstanding (63M)

Beaufor Mine Q Zone

Quality Asset Base in Canada

Growing Production Profile

Decreasing Cost Structure

Growing Cash Flow Streams

Island Gold Mine Core

APPENDIX


CHRISTIAN BOURCIER

P. ENG

Beaufor Mine and Camflo Mill

General Manager

RICHMONT MINES: MANAGEMENT TEAM

RENAUD ADAMS DANIEL ADAM NICOLE VEILLEUX

JEAN BASTIEN

P. ENG, MBA

Island Gold Mine

General Manager

MARC-ANDRÉ LAVERGNEMAXIME GRONDIN

CIRC

Director,

Human Resources

MÉLISSA TARDIF

ANNE DAYSTEVE BURLETON

LLB

Lawyer and

Corporate Secretary

P. ENG

President and

P. ENG

Vice-President,

GEO PHD

Vice-President

CPA, CA

Vice-President

CFA, MBA

Vice-President,

MBA

Vice-President,

Chief Executive Officer Operations Exploration Finance Business Development Investor Relations


RICHMONT MINES: BOARD OF DIRECTORS

RENÉ MARION

P. ENG

Chairman of

the Board

MICHAEL PESNER

CA

Director and Chairman of

the Audit Committee

RENAUD ADAMS

P. ENG

Director, President

and Chief Executive Officer

PETER BARNES

CA

Director

ELAINE ELLINGHAM

P. Geo., MBA

Director


2016 REVISED OPERATIONAL ESTIMATES

2016 Production and Cost Guidance

2016 Capital Investment Guidance

Revised 2016 Operational EstimatesIsland Gold

Revised 2016 Guidance

Beaufor Revised

2016 GuidanceOriginal 2016 Guidance

Revised 2016

Guidance

Gold Ounces Produced(1) 75,000 - 80,000 23,000 - 26,000 87,000 – 97,000 98,000 – 106,000

Cash Costs per Ounce (CAD$)(2) $800 - $840 $1,150 - $1,300 $930 - $1,000 $885 - $945

Sustaining Capital per Ounce (CAD$) $240 - $270 $270 - $310 $250 - $280 $250 - $280

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

All-in Sustaining Costs per Ounce (CAD$)(2) $1,040 - $1,110 $1,420 - $1,610 $1,275 - $1,390 $1,230 - $1,335

Cash Costs per Ounce (US$)(2)(3) $610 - $640 $875 - $1,000 $680 - $730 $675 - $720

Sustaining Capital per Ounce (US$)(3) $185 - $205 $205 - $235 $185 - $205 $185 - $205

Corporate G&A per Ounce (US$)(3) - - $70 - $80 $75 - $90

All-in Sustaining Costs per Ounce (US$)(2)(3) $795 - $845 $1,080 - $1,235 $935 - $1,015 $935 - $1,015

Revised 2016 Capital and Exploration ($M)Island Gold

Revised 2016 Guidance

Beaufor Revised

2016 GuidanceOriginal 2016 Guidance

Revised 2016

Guidance

Sustaining Capital (CAD$) $18.9 $7.0 $24.1 $25.9

Project Capital (CAD$) $46.1 - $43.4 $46.1

Exploration (CAD$) $16.0 $1.1 $15.5 $17.1

Sustaining Capital (US$)(3) $14.4 $5.3 $17.7 $19.7

Project Capital (US$)(3) $35.2 - $31.8 $35.2

Exploration (US$)(3) $12.2 $0.8 $11.4 $13.1

(1) Revised guidance estimates include 1,165 ounces produced from the Monique Mine in Q1 2016, which were not included in original guidance.

(2) Cash cost and AISC are non-GAAP measures. Refer to the Non-GAAP performance measures section in the second quarter MD&A.

(3) An exchange rate of 1.36 Canadian dollars to 1.0 US dollar was used for the original 2016 guidance issued on Feb. 11, 2016. The revised guidance assumes an exchange rate of 1.33 for January to June and

1.30 for July to December.


MINERAL RESERVES INCREASE BY 187%

Gold oz.

63,850

2015

Min

era

lR

eserv

es

(000

’s o

unces)

Gold oz.

300 561,700

200

100

0

2012 2013 2014

Monique Beaufor Island Gold

700

600

500

400

Mineral Reserves Growth

(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

Proven and Probable Mineral Reserves(1)(2)

Island Gold Mine and Beaufor Mine

December 31

Gold ounces Grams per tonne

2015 2014Change

(%)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%


MINERAL RESERVESAND RESOURCES

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.

Richmont Mines 2015 Mineral Reserve

and Resource Estimates

December 31, 2015 December 31, 2014

Tonnes GradeOunces

Tonnes GradeOunces

(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


TOP INSTITUTIONAL SHAREHOLDERSFirm Name % O/S Shares Held City

Van Eck Associates Corporation 15.90 9,327,500 New York

RBC Global Asset Management Inc. 6.54 3,837,011 Toronto

Renaissance Technologies LLC 5.46 3,204,800 New York

Connor, Clark & Lunn Investment Management Ltd. 5.29 3,102,814 Vancouver

Oxbridge Group, Inc. 5.15 3,020,854 Westmount

OppenheimerFunds, Inc. 5.00 2,932,300 New York

1832 Asset Management L.P. 3.90 2,290,000 Toronto

Sprott Asset Management LP 3.80 2,226,941 Toronto

Ruffer LLP 2.81 1,650,000 London

Mackenzie Financial Corporation 2.63 1,541,277 Toronto

Hillsdale Investment Management Inc. 2.27 1,334,000 Toronto

Manulife Asset Management Limited 2.13 1,250,000 Toronto

Acadian Asset Management LLC 2.02 1,184,445 Boston

Montrusco Bolton Investments Inc. 1.83 1,071,412 Montreal

Fonds de Solidarité FTQ 1.68 985,600 Montreal

Sentry Investments Inc. 1.67 980,900 Toronto

BMO Asset Management Inc. 1.54 905,000 Toronto

Dimensional Fund Advisors, L.P. 1.53 900,000 Austin

Eterna Investment Management Inc. 1.52 888,600 Quebec City

BlackRock Asset Management Canada Limited 1.49 875,000 Toronto

Greystone Managed Investments Inc. 1.47 862,780 Regina

Arrowstreet Capital, Limited Partnership 1.47 861,192 Boston

CIBC Asset Management Inc. 1.34 786,900 Montreal

James Investment Research Inc. 1.34 783,590 Xenia

Picton Mahoney Asset Management 1.32 775,000 Toronto

As of Sept. 27, 2016. Source: Nasdaq IR Insight


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


ISLAND GOLD MINE

Histogram of the Ext C Samples


ISLAND GOLD MINE

Log Normal Probability Plot (Ext C Drill Hole Samples)


ISLAND GOLD MINEDeep Directional Drilling(Phase 2)


ISLAND GOLD MINE2016 Eastern Lateral ExplorationPhase 2


ISLAND GOLD MINESWestern Lateral Exploration


RICHMONT MINESASSETSVALD’ORAREA– EXPLORATION PROPERTIES


RICHMONT MINESASSETSTIMMINS 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.


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.

Human Resources

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.

Sustainable

Sustainable

Community Development

Leadership and consulting skills for

promoting comprehensive change

toward sustainability in communities and

developing world-class relationships

with Aboriginal communities.

Sustainable

Process Improvement

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.

Sustainable

Growth Principles

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.