17 01 18-19 td mining conference

TSX–NYSE: RIC

POSITIONING FOR SUSTAINABLE GROWTH

TD Securities Mining Conference

January 18-19, 2017

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

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 and other public disclosure.

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. 31, 2015.

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

Best in Class; Low Cost Producer

Growing Production Profile

Decreasing Cost Structure

Significant Exploration Potential

Maximizing Per Share Valuation

Growing Cash Flow Streams

Strong Balance Sheet

Favourable Canadian Dollar Exposure

Low Shares Outstanding (63M)

Position assets to operate

in a low gold price environment.

Multiple years of pre-developed

ore available for processing

utilizing existing infrastructure.

RISK MANAGEMENT APPROACH


CAPITAL STRUCTURE

Capital Structure

Issued & Outstanding Shares 63.1M

Fully Diluted 66.0M

Cash(1) C$75M

Total Debt(2) C$12.7M

Ticker RIC:TSX–NYSE

Market Capital (Jan. 13/17) C$623M

C$75M(US$58M)*

CASH(1)

C$12.7M(US$9.8M)*

DEBT(2)

RIC (as of January 13, 2017)

TSX

C$

NYSE

US$

Closing price $9.88 $7.55

52-week range $4.39-$15.01 $3.01-$11.66

Market Cap (M’s) $623M $476M

90-day daily trading avg. 377,449 707,299

Strong cash position supports fully

funded strategic organic growth plan(1) As of Dec. 31, 2016.

(2) As of Sept. 30, 2016; comprised mostly of mobile equipment capital leases.

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 -

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

Company-wide record production; achieved high end of positively revised guidance

Company-wide cash costs of $908; within reduced guidance

Island Gold exceeded revised guidance for 2016; 51% production increase over 2015

Expansion Case PEA (Q2 2017); 900tpd vs. 1,100 tpd fully permitted Expansion Case

Increased productivity and grade at Beaufor in Q4; repositioning the mine in 2017

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.

Q4 2016Full-Year

2016

Revised 2016

Guidance

Gold produced (oz) 29,505 104,050(3) 98,000-106,000(3)

Cash cost per oz. (C$)(1) $952 $908 $885-$945

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

Cash cost per oz. (US$)(1)(2) $714 $685 $675-$720

AISC per oz. (US$)(1)(2) - - $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; 51% increase over 2015

Decreasing costs; 24% reduction over 2015

Growth opportunities; 1,100 tpd PEA under review

Increasing reserves profile at higher grades

Exploration potential laterally and at depth

146% PRODUCTION INCREASE SINCE 2013

(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.

Q4

2016

Full-Year

2016

Revised

2016

Guidance

Gold Production (oz) 24,086 83,323 75,000-80,000

Cash costs/oz (C$)(1) $826 $779 $800-$840

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

Cash costs/oz (US$)(1)(2) $619 $587 $610-$640

AISC per oz. (US$)(1)(2) - - $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

Island Gold Q1 Q2 Q3 Q4 Full-Year

2016

Underground (tpd) 853 911 890(1) 977 909(1)

Development to stope

ratio (%)55/45 48/52 44/56 44/56 48/52

Mill (tpd) 834 878 878(1) 903 873(1)

Head grade (g/t) 11.31 7.51 7.70 9.31 9.02

Recoveries (%) 96.3 96.5 96.4 96.9 96.5

(1) Excludes a 16-day underground mine shutdown and a 25-day mill shutdown in Q3 2016.


ISLAND GOLD MINE: POSITIONING FOR GROWTH

Positioning the mine for annual production

rate of +100k ounces

Decreasing costs profile

Increasing reserves at higher grades

+4 years of mine life pre-developed

Island Gold Production Upside

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

Release and using 2016 average grade of 9.02 g/t.

Underground Mine Productivity

$0

$200

$400

$600

$800

$1,000

$1,200

0

20,000

40,000

60,000

80,000

100,000

120,000

140,000

2014 2015 2016 Base Case900tpd (1)

Exp. Case1100tpd (1)

Cash C

osts

(C

$)

Annual G

old

Pro

duction (

oz)

Annual Gold Production (oz) Cash Costs (C$)

0.00

2.00

4.00

6.00

8.00

10.00

12.00

0

200

400

600

800

1,000

1,200

Gra

ms p

er

tonne

Tonnes p

er

day

Underground tpd Head Grade (g/t)

0.00

2.00

4.00

6.00

8.00

10.00

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

2014 2015 LoM Target

Gra

ms p

er

tonne

Gold

ounces

Gold Reserves (oz) Head Grade (g/t)

Reserves Growth

(1) 2015 productivity excludes a 3 week mine shutdown and a 2 week mill shutdown in the fourth quarter.

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


POSITIVE GRADE ADJUSTMENT UPSIDE:December 31, 2016 Reserve Estimates – Early Feb 2017

2016 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 Q4 40,905 6.53 8,585 39,238 9.29 11,715 96% 142% 136%

Total Stope Q4 50,897 9.17 15,012 50,643 8.47 13,797 100% 92% 92%

Total U/G Q4 91,802 8.00 23,598 89,881 8.83 25,512 98% 110% 108%

Positive grade reconciliation in 2016 versus December 31, 2015 reserve model

Potential capping adjustment for December 31, 2016 resources from current 95 g/t gold

Ellipsoid search adjustments on high grade zones for December 31, 2016 resources

Dilution parameter adjustments for December 31, 2016 reserves

Approximately 50,000 meters of delineation drilling and 3,400 meters of ore development

drift information added to the database in 2016

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 154,305 6.39 31,679 151,760 8.50 41,471 98% 133% 131%

Total Stope 2016 152,437 8.08 39,608 166,285 8.83 47,225 109% 109% 119%

Total U/G 2016 306,741 7.23 71,288 318,045 8.67 88,695 104% 120% 124%

Q4 Reserve Reconciliation

The reconciliation for 2016 is based on mining in the first three horizons only, and should not be extrapolated to the fourth mining horizon.


ISLAND GOLD:POSITIONING THE MINE FOR GROWTH

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

2016 Q4:

• Long-hole stoping in

2nd Horizon initiated

• Ore development in

higher grade 3rd

Horizon initiated

2017 Q1:

• Complete 860m level

Eastern Ramp

development

2018:

• Q1: Complete 860m

level Western Ramp

development

• Q3: multiple long-hole

stopes available

• Increase mining rate

once ramp development

completed

2019/2020:

• Development and

mining of 4th Horizon

initiated on a sustaining

basis


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

• Optimal mining rate while maintaining minimum mine life of +7 years

• 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:

• New modeling parameters (capping, ellipsoid searches and dilutions)

• 2016 delineation drilling and ore development drifting

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

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

• Maximum mining capacity without new infrastructure

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

Expansion Case PEA (Q2 2017)

www.richmont-mines.com 11

W E

GOUDREAULOCHALSH ISLAND EXT1 EXT2

- 1,000 m

- 500 m

Crown pillar

340 m Level

190 m Level

Surface

200 m

Dyk

e

Dyk

e

- 1,500 m

H2 2016EXPLORATION DRILLING 6,000 m

H2 2016 DEEPINFILL DRILLING5,000 m

TOTAL PHASE 2 DEEP DRILLING

(80,000 m)

TOTAL ESTIMATED PHASE 2 18-24 month of approx. 144,000 m drilling

H2 2016NEAR-MINEDRILLING22,000 m

LegendDrillhole Intersection

Au (cut 95 g/t)Proven Reserves( 2015/12/31)

Probable Reserves (2015/12/31)

Indicated Resources (2015/12/31)

Inferred Resources (2015/12/31)

Ramp and Actual Development

Mined Out

> 30

8.0 to 30.0

4.0 to 8.0

< 4.0

H2 2016DEEP DIRECTIONAL DRILLING 22,000 m

620 m LevelExploration Drift

Drillhole trace

H2 2016INFILL DRILLING 3,000 m

TOTAL PHASE 2 EASTERN LATERAL

DRILLING (42,000 m)

GD-586-02A

10.41/2.06

MH2A-5A

14.99/2.29

MH3-7

8.41/5.60

MH1-1

20.38/2.31

MH2A

18.03/5.7

MH1-7

9.11/4.12

MH3-6

12.49/2.19

MH1-6

18.63/6.60

MH1-5

11.72/4.8

MH3-2

8.70/11.93

620-556-04

21.0/2.78

GD-630-01

31.19/3.43

GD-590-02

33.32/2.6

GD-590-05

10.55/2.46

GD-630-02

11.9/0.6

340-588-01

9.99/6.65

340-580-11

15.27/1.64

GD-586-01

4.02/3.56

GD-620-01

24.57/1.26

ISLAND GOLD EXPLORATION POTENTIAL: UNLOCKING THE NEXT MILLION OUNCES


ISLAND GOLD REGIONAL SURFACE

EXPLORATION: FINDING THE NEXT MINE


BEAUFOR MINE: OVERVIEWQ4

2016

Full-Year

2016

Revised

2016 Guidance

Gold Production (oz) 5,419 20,727(1) 23,000-26,000(1)

Cash costs/oz (C$)(2) $1,480 $1,429(3) $1,150-$1,300(3)

AISC per oz. (C$)(2) - - $1,420-$1,610(3)

Cash costs/oz (US$)(2)(4) $1,110 $1,079(3) $875-$1,000(3)

AISC per oz. (US$)(2)(4) - - $1,080-$1,235(3)

Capital and Exploration 9 Months 2016Revised 2016

Guidance

Sustaining Capital (C$M) $5.6 $7.0

2015 Reserves and Resources Gold Ounces Grade g/t

Reserves (oz)(5)/Grade (g/t) 63,850 6.57

M&I (oz)(5) /Grade (g/t) 171,900 6.34

Inferred (oz)(5)/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 Q3

2016 MD&A.

3) Includes cash costs

from the Beaufor and

Monique mines.

4) 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.

5) Refer to full 2015

Reserve and Resource

information at the end

of this presentation.

Underground productivity increased

over prior 2 quarters

Gold production and grade increased

over prior 2 quarters

Continue to increase mining in higher

grade Q Zone in 2017

Camflo Mill: capacity of 1,200 tpd

provides toll milling opportunities


WELL POSITIONED FOR SUSTAINABLE GROWTH

Beaufor Mine Q ZoneIsland Gold Mine Core

Quality Asset Base in Canada

Best in Class; Low Cost Producer

Growing Production Profile

Decreasing Cost Structure

Significant Exploration Potential

Maximizing Per Share Valuation

Growing Cash Flow Streams

Strong Balance Sheet

Favourable Canadian Dollar Exposure

Low Shares Outstanding (63M)

www.richmont-mines.com

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

ounces)

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 10.07 6,338,410 New York

RBC Global Asset Management Inc. 6.11 3,850,000 Toronto

Renaissance Technologies LLC 5.87 3,694,100 New York

Connor, Clark & Lunn Investment Management Ltd. 5.04 3,174,464 Vancouver

1832 Asset Management L.P. 4.16 2,616,900 Toronto

Sprott Asset Management LP 3.64 2,294,591 Toronto

OppenheimerFunds, Inc. 2.47 1,555,000 New York

Mackenzie Financial Corporation 2.38 1,497,000 Toronto

Arrowstreet Capital, Limited Partnership 2.26 1,425,419 Boston

Manulife Asset Management Limited 1.99 1,250,000 Toronto

Sentry Investments Inc. 1.95 1,230,900 Toronto

CIBC Asset Management Inc. 1.75 1,100,000 Montreal

Montrusco Bolton Investments Inc. 1.66 1,043,469 Montreal

Fonds de Solidarité FTQ 1.57 985,600 Montreal

BMO Asset Management Inc. 1.52 956,300 Toronto

Tocqueville Asset Management LP 1.50 942,500 New York

Eterna Investment Management Inc. 1.41 888,600 Quebec City

BlackRock Asset Management Canada Limited 1.39 875,000 Toronto

O'Shaughnessy Asset Management, LLC 1.31 825,579 Stamford

Ruffer LLP 1.27 800,000 London

BlackRock Institutional Trust Company, N.A. 1.19 750,000 San Francisco

Spark Investment Management LLC 1.18 743,200 New York

Gabelli Funds, LLC 1.14 720,000 Rye

Greystone Managed Investments Inc. 1.09 687,970 Regina

Dimensional Fund Advisors, L.P. 1.07 675,000 Austin

As of Jan.13, 2017. Source: Nasdaq IR Insight


2000 100

meters

14

00

0m

E

4400m

4900m

3900m

ISLAND GOLD MINEC Zone – Gold Metal factor (grade x true width) as of July 6, 2016

W E

GOUDREAULOCHALSH ISLAND EXT1 EXT2

- 1,000 m

- 500 m

Crown pillar

- 1,500 m 15

,00

0 m

E

16

,00

0 m

E

620 m LevelExploration drift

14

,00

0 m

E

Surface

200 m

Cut off (4.0g/t Au / 2.0m)

32760

30

15

7.5

0

Au Metal FactorGrade (Au g/t, cut 95g) x true width (m)

GD-620-01

24.57/1.26

GD-14-01C

19.87/3.93

MH1-1

20.38/2.31MH3-2

8.70/11.93

GD-630-01

31.19/3.43

740 m Level drift

GD-590-05

10.55/2.46

620-556-04

21.0/2.78

MH3-6

12.49/2.19

MH1-6

18.63/6.60

MH1-7

9.11/4.12

MH1-5

11.72/4.8

MH2A

18.03/5.7

340-588-01

9.99/6.65

340-580-11

15.27/1.64

MH3-5

6.03/7.07

340-588-07

4.39/5.34

340-580-09

5.47/9.00GD-590-02

33.32/2.6

190 m Level

340 m Level


ISLAND GOLD MINE

Histogram of the Ext C Samples


ISLAND GOLD MINE

Log Normal Probability Plot (Ext C Drill Hole Samples)


ISLAND GOLD: 2016 Near-Mine Delineation Drilling


ISLAND GOLD: 2016 Near-Mine Exploration Drilling


DEEP INFILL DRILLING

DEEP DIRECTIONAL EXPLORATION

DRILLING

15

,50

0 m

E

15

,00

0 m

E

+ 400-528-10

4.44/6.07

Proven Reserves( 2015/12/31)





Mined Out

Previous drillhole intersection

> 30

8.0 to 30.0

4.0 to 8.0

< 4.0

Drillhole Intersection

Au (cut 95 g/t)

Au g/t / true thickness (metres)

100 m

EXPANSION CASE PEA AREA

Dyk

e

MH3-1

1.48/5.29

GD-14-01C

19.87/3.93

MH1-1

20.38/2.31

MH3-2

8.70/11.93

MH2-1

2.10/5.89

MH1-5

11.72/4.8

MH3-3

2.64/3.71

MH3-5

6.03/7.07

MH3-4

5.55/3.65

MH2A

18.03/5.7

MH1-2

5.05/1.67

MH1-7

9.11/4.12

MH4

4.29/2.75400-528-10

4.44/6.07

MH3-6

12.49/2.19

MH2A-3

4.31/2.01

MH1-4

0.45/3.16

MH1-6

18.63/6.60

MH1-9A

22.53/0.36

MH1-8

4.86/1.77

MH3-8

1.10/0.37

MH2A-5A

14.99/2.29 MH3-7

8.41/5.60

GD-468-01

1.04/2.47

GD-468-01W

4.25/2.51

425-487-03

0.24/2.01

MH4-1

1.53/2.27

MH2A-4

5.66/6.38

MH2A-6

6.46/4.39

GD-11-21B

2.42/2.81

460-456-02

2.04/6.33

MH1

25.6/4.67

- 1,500 m

- 1,000 m

MH5

7.11/2.23

(Parallel Zone)

MH1-9A

26.56/0.82

(Parallel Zone)

MH4-3A

17.77/4.81

(Parallel Zone)

MH4-2

5.14/3.32

(Parallel Zone)

H2 2016 DEEPINFILL DRILLING5,000 m

ISLAND GOLD MINEDeep Directional Drilling(Phase 2)


Dyk

e

16

,00

0 m

E

340 m Level

190 m Level

100 m

+ 400-528-10

4.44/6.07

Proven Reserves( 2015/12/31)





Mined Out

Previous drillhole intersection

> 30

8.0 to 30.0

4.0 to 8.0

< 4.0

Drillhole Intersection

Au (cut 95 g/t)

Au g/t / true thickness (metres)

GDE-10-15

3.99/2.15

340-588-02

0.08/1.66

620-556-04

21.0/2.78

GD-580-02

2.35/2.07

EXPANSION CASE PEA AREA

- 500 m

GD-630-01

31.19/3.43

GDE-10-16

9.93/1.04

GD-10-11

4.94/2.63GD-630-02

11.9/0.6

340-580-09

5.47/9.00

340-580-08

5.69/2.57

GD-620-01

24.57/1.26

GD-590-02

33.32/2.6GD-620-02

1.02/4.14

GD-630-03A

0.83/3.46

340-580-12

1.21/3.89

340-588-04

2.84/5.57

340-588-01

9.99/6.65

340-588-06

1.38/2.12

340-588-05

0.98/4.14

340-580-11

15.27/1.64

340-588-07

4.39/5.34

GD-590-05

10.55/2.46

GD-590-04

0.12/3.34

GD-586-03C

1.38/1.18

GD-586-01

4.02/3.56

GD-586-02A

10.41/2.06

GD-590-07

1.97/1.56

GDE-10-12

4.84/0.83

EASTERN LATERALDRILLING

INFILL DRILLING

H2 2016INFILL DRILLING

ISLAND GOLD MINE2016 Eastern Lateral Exploration


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.

www.richmont-mines.com 33RIC: TSX NYSE-MKT


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.

Date post:	19-Mar-2017
Category:	Investor Relations
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