denver gold presentation 2012

www.richmont-mines.com Copyright 2012 by Richmont Mines TSX - NYSE MKT: RIC 1

Denver Gold

September 2012

www.richmont-mines.com

TSX – NYSE MKT: RIC

RICHMONT MINES INC.


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 Regulation 43-101 adopted by the Canadian Securities Administrators. The requirements of Regulation 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 in Canada, the SEC does not recognize them. The SEC permits U.S. mining companies, 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”. Further, “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 higher 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 .


RICHMONT MINES OVERVIEW

RIC *: TSX (CAN$) NYSE Amex (US$)

52 week price range $3.30 – $13.39 $3.23 – $13.40

Average 3 month volume 102,500 202,600

Shares Outstanding (6/30/2012) 33,589,563

Mgmt. & Director Ownership ~ 16%

Institutional Ownership ~ 35% - 45%

(in CAN$ millions, except closing price) 6/30/2012 3/31/ 2012 12/31/2011 12/31/2010

Working capital: $56.5 $72.2 $68.7 $43.9

Cash & equivalents: $55.5 $69.3 $63.5 $40.0

Operating cash flow: ($4.5) $6.8 $38.8 $18.3

Closing price TSX: $4.73 $7.77 $10.94 $5.11

Market capitalization: $158 $260 $362 $160

RIC has produced over 1.2 million ounces of gold from its operations in Quebec, Ontario and Newfoundland since 1991.


RICHMONT MINES Q2 AND YTD 2012 FINANCIAL PERFORMANCE

Results in millions of CAN$ (except per share data, average cash cost and selling price per ounce)

3 mos. ended June 30/12




Q2 2012 Q2 2011 H1 2012 H1 2011

Total revenue $23.6 $29.3 $51.3 $55.7

Net earnings (loss) ($30.9)(1) $5.0 ($28.8)(1) $13.7(2)

Net earnings (loss) per share ($0.92)(1) $0.16 ($0.86)(1) $0.44(2)

Operating cash flow ($4.5) $7.7 $2.4 $17.2

Avg. selling price of gold/oz (US$) $1,608 $1,476 $1,645 $1,432

Avg. cash cost/oz (US$) $1,091 $776 $1,021 $758

Avg. selling price of gold/oz (CAN$)

$1,617 $1,460 $1,654 $1,416

Avg. cash cost/oz (CAN$) $1,097 $768 $1,027 $750

Total gold oz sold 14,611 20,085 31,041 39,319

(1) Includes one-time CAN$33.2 million (CAN$27.9 million after-tax) write-down on Francoeur Mine assets. (2) Includes proceeds of CAN$3 million from sale of Valentine Lake property in Q1 2011.


845 892 911

1,1131,290

1,559

0

10,000

20,000

30,000

2009 2010 2011 2012F 2013FOunces gold sold Cash cost per ounce Selling price

BEAUFOR MINE OVERVIEW

OVERVIEW:

• Located near Val-d’Or, QC

• Production: 500,000+ Au ounces since 1996

• Underground, shaft access

• 5 years no lost-time accident

• Ore processed 50 km away at 100%-owned Camflo Mill

(Ounces) (US$)

Annual Gold Sales

Note: Cash cost includes royalties.

RESERVES + RESOURCES (as of Dec. 31/11) Proven + Probable Reserves: 69,191 Au oz Measured + Indicated Resources: 182,334 Au oz Inferred Resources: 182,185 Au oz

20,854 oz

22,258 oz

Target: 20,000

to 25,000

oz

26,947 oz

Target: 20,000

to 25,000

oz


BEAUFOR MINE 2012 PRODUCTION HIGHLIGHTS

(for the 3 & 6 months ended June 30) Q2 2012 Q2 2011 H1 2012 H1 2011

Beaufor Mine

Tonnes 27,739 29,317 57,726 48,143

Gold recovery (%) 97.60% 98.59% 98.09% 98.61%

Recovered grade 4.37 g/t 9.34 g/t 5.58 g/t 8.92 g/t

Gold ounces sold 3,900 8,802 10,352 13,803

Beaufor Mine – Performance 2012 vs. 2011

Recovered grades expected to return to reserve grade levels in 2nd half of 2012

2012 production guidance: 20,000 – 25,000 ounces of gold 2013 production guidance: 20,000 – 25,000 ounces of gold


BEAUFOR MINE 2012 OVERVIEW

Focus on Exploration, Definition & Development

W Zone (Beaufor Mine property): •602 metres of the ramp had been completed at the end of Q2 2012

•Commercial production expected in the first half of 2013

Beaufor Mine – 2012 drilling objectives: •10,000 metres of definition drilling •15,000 metres of exploration drilling

Additional drilling will be completed to further evaluate the potential of the W and other previously identified near-surface zones on the Beaufor property during 2012.


BEAUFOR MINE 2012 EXPLORATION FOCUS


841806

758

1,104

1,275

1,549

0

500

1,000

1,500

0

25,000

50,000

75,000

2009 2010 2011 2012F 2013F

Ounces gold sold Cash cost per ounce Selling price

ISLAND GOLD MINE OVERVIEW

Annual Gold Sales

(Ounces) (US$) OVERVIEW:

• Located in NE Ontario

• Production: 225,000+ Au ounces since October 2007

• Underground, ramp access

• 850 tpd CIP mill on-site

• Promising drill results at depth in 2012

• 1+ year no lost time accident

Note: Cash cost includes royalties.

49,196 oz

RESERVES + RESOURCES (as of Dec. 31/11) Proven + Probable Reserves: 171,814 Au oz Measured + Indicated Resources: 153,920 Au oz Inferred Resources: 67,238 Au oz

45,865 oz

38,879 oz

Target: 40,000

to 45,000

oz

Target: 45,000

to 50,000

oz


ISLAND GOLD MINE DEEP DRILLING SHOWS POTENTIAL

Four main zones identified (G, C, D, E1E) between -500 metres and -900 metres of vertical depth between the Lochalsh and Island Main zones.

Results from more than 23,000 metres of deep drilling in 2011 have confirmed the potential at depth of this mine. Notable intercepts (all true widths and cut-grades) include:

• 13.39 g/t Au over 4.84 metres (Zone E1E) • 16.42 g/t Au over 4.08 metres (Zone E1E) • 22.08 g/t Au over 6.58 metres (G Zone) • 12.28 g/t Au over 7.24 metres (C Zone) • 27.26 g/t Au over 5.88 metres (C Zone) • 33.36 g/t Au over 2.18 metres (D Zone) • 20.22 g/t Au over 2.05 metres (D Zone) Planning 35,000 metres of deep drilling at Island Gold in 2012, with the goal of establishing resources below the current infrastructure.

Deep Drilling Yields Potential at Depth


5.37/2.1

6.12/2.0

22.08/6.6

4.47/2.216.42/4.1

27.26/5.9

STH-13.23/3.7 3.81/3.4

12.28/7.2

3.66/2.0

13.39/4.8

20.22/2.1

11.65/2.6

3.39/2.0

3.49/2.1

7.10/3.8

33.36/2.23.20/2.2

3.44/2.7

6.68/2.1

3.80/5.0

6.00/3.8

5.80/2.0

3.64/5.3

8.68/2.34.78/2.0

14.28/2.0

3.97/2.63.82/2.1 4.95/2.6

3.08/2.0

8.51/9.6

10.51/2.9

6.49/2.44.65/2.0

3.96/2.2X-16.65/2.5

3.46/3.13.21/2.4

7.30/2.6

8.21/3.2

3.71/3.3

3.37/2.0

ISLAND GOLD MINE LONGITUDINAL SECTION – DEEP DRILLING RESULTS

Portal

Level 290

-500m

Crown Pillar

W

Planned drifts

Actual ramp and drifts

Mined out

Proven Reserves

Probable Reserves

Indicated Resources

Inferred Resources

Level 190

Level 340

E

-300m

-700m

100 m

Lochalsh

Island Main

Goudreau

Ext. 1 Ext. 2

-900m

Au g/t, Cut 75g / True

thickness metres

4.47/2.2

Dia

base D

yke

Only intersections with a grade of at least 3 g/t Au

over a minimum true width of 2 m are presented here.

D

G

E1E

C

New results

Previous results

Intersections below 3 g/t Au

Open at depth & laterally


ISLAND GOLD MINE 2012 PRODUCTION HIGHLIGHTS

Island Gold Mine – Performance 2012 vs. 2011

(for the 3 & 6 months ended June 30) Q2 2012 Q2 2011 H1 2012 H1 2011

Island Gold Mine

Tonnes 63,488 58,860 121,411 131,240

Gold recovery (%) 96.21% 96.03% 96.09% 96.08%

Recovered grade 5.25 g/t 5.96 g/t 5.30 g/t 6.05 g/t

Gold ounces sold 10,711 11,283 20,689 25,516

2012 production guidance: 40,000 – 45,000 ounces of gold 2013 production guidance: 45,000 – 50,000 ounces of gold


FRANCOEUR MINE OVERVIEW

RESERVES + RESOURCES (as of June 15/12(1))

P+P Reserves: 77,580 Au oz M+I Resources: 4,499 Au oz Inferred Resources: 5,771 Au oz

OVERVIEW:

• Located in Abitibi region, near Rouyn-Noranda, Quebec

• Underground, shaft access

• Ore processed at 100%-owned Camflo Mill , approximately 100 km away

• Past production: 345,000 Au oz grading 6.3 g/t Au from 1991-2001

• 150 employees

1) Calculated based on a gold price of US$1,400 (CAN$1,400) per ounce, and a cut-off grade of 3.75 g/t Au.


FRANCOEUR MINE 2012 – 2013 FOCUS

Focus on Production & Exploration

Commercial production began Aug. 1, 2012 Commercial production guidance:

• 2012: ~ 5,000 Au ounces • 2013: ~ 20,000 Au ounces

Q2 2012:

• Non-cash write down of CAN$33.2 M (CAN$27.9 M after-tax) related to lower anticipated production;

2012 drilling plan:

• Exploration: 9,100 metres • Definition: 25,000 metres • West Zone remains open at depth


EWSurface

- 500m

-1000m

2 000m

Zone 3Zone 3Zone 3Zone 3Zone 3Zone 3Zone 3Zone 3Zone 3

South ZoneSouth ZoneSouth ZoneSouth ZoneSouth ZoneSouth ZoneSouth ZoneSouth ZoneSouth Zone

North ZoneNorth ZoneNorth ZoneNorth ZoneNorth ZoneNorth ZoneNorth ZoneNorth ZoneNorth Zone

East ZoneEast ZoneEast ZoneEast ZoneEast ZoneEast ZoneEast ZoneEast ZoneEast Zone





FRANCOEUR MINE 2012 DEVELOPMENT FOCUS / LONGITUDINAL

Level 13

Level 15

Level 16

Level 17

Level 4

Level 6

500 m

Level 14

Level 12

Open at depth

2009 Resources

Mined out

Existing development

Development since

dewatering

Planned development

Legend

4.08 km2 (408.3 hectares)

25 km SW of Rouyn-Noranda, QC

Past production: 1.7 M t @ 6.3 g/t Au; 345,000 Au oz

818m


WASAMAC GOLD PROPERTY OVERVIEW

RESERVES + RESOURCES (as of Dec 31/11)

M+I Resources: 556,385 Au oz Inferred Resources: 2,130,532 Au oz

Located in Quebec Abitibi region, 15 km from Rouyn-Noranda

5.91 km2 (591 hectares)

100%-owned

No royalties or back-in rights

Past production (1965-1971): 1,892,448 tonnes at 4.16 g/t Au ; 252,923 onces Au

Exploration drilling programs:

• 2010: 20,000 metres • 2011: 52,000 metres • 2012: ~ 55,000 metres

Wasamac


WASAMAC GOLD PROJECT 2012 – 2013 FOCUS

2012 drill program:

• Approximately 55,000 metres

• 3 drills currently active

• Primary focus:

Main Zone - M & I Resources(1): 285,262 Au ounces

- Inferred Resources(1): 695,755 Au ounces

Advance all technical studies on the property including metallurgical, geotechnical, and hydro-geological

Project design optimization:

• Focus on Main Zone where geometry, grade, widths and metallurgy appear most promising

• Assess economic impact of smaller scale operation, which would be scalable over time to respond to market conditions

Near-Term Focus

(1) Resources as of December 31, 2011, and do not include 2012 drill results.


800

600

400

800

1000

200

600

1175

1350

400

200

WASAMAC GOLD PROJECT RESOURCES (DECEMBER 2011), CUT-OFF: 1.5 G/T AU

Zone 1

Zone 2

-500 m

-1000 m

3500E

4000E

W E

Zone 3

Mined out / Opening

Drillhole Intersections

Measured & Indicated Resources :

3,182,577T at 2.79 g/t Au; 285,262 oz

Au

Inferred Resources:

3,624,125T at 2.84 g/t Au; 331,006 oz

Au

Main Zone


239,059T at 2.50 g/t Au; 19,238 oz Au

Inferred Resources:

8,822,590T at 2.62 g/t Au; 743,246 oz Au


1,526,991T at 2.08 g/t Au; 102,351 oz Au

Inferred Resources:

4,704,746T at 2.15 g/t Au; 324,892 oz Au

Indicated Resources :

40,299T at 1.87 g/t Au; 2,419 oz Au

Inferred Resources:

3,170,004T at 2.49 g/t Au; 253,988 oz Au


6,762,455T at 2.56 g/t Au; 556,385 oz Au

Inferred Resources:

25,686,159T at 2.58 g/t Au; 2,130,532 oz Au

WASAMAC TOTAL RESOURCES

Zone 1

Zone 2

Zone 3

Inferred Resources :

3,932,289T at 2.89 g/tAu;

364,749 oz Au

Main Zone (Old Mine)

Looking 360°

Wasamac Mine / Main Zone (1965-1971)

Production: 1,892,448 T at 4.16 g/t Au

252,923 onces Au


1,773,529T at 2.58 g/t Au; 147,115 oz Au

Inferred Resources:

1,432,404T at 2.45 g/t Au; 112,650 oz Au

Crown Pillar

250 metres


WASAMAC GOLD PROJECT 2012 DRILL PROGRAM

Significant Drill Results & Zone 4 Discovered

2012 drilling program at Wasamac has yielded additional significant results(1):

• 6.40 g/t Au over 52.80 metres








Zone 4: a newly discovered zone which is located on the boundary of the Wasamac property and the optioned Globex claims:


Main Zone

Zone 2

Zone 3

Note: all drill results are true widths and cut-grades (35 g/t Au).

(1) Are not included in December 31, 2011 estimated 43-101 resources.


800

600

400

800

1000

200

600

1175

1350

400

200

Zone 1

Zone 2

-500 m

-1000 m

4000E

5000E

W E

Zone 3

Mined out / Opening

Previous Intersection

WASAMAC TOTAL RESOURCES


6,762,455 T at 2.56 g/t Au; 556,385 oz Au

Inferred Resources:

25,686,159 T at 2.58 g/t Au; 2,130,532 oz Au

Looking 360°

Wasamac Mine / Main Zone (1965-1971)

Production: 1,892,448 T at 4.16 g/t Au

252,923 ounces Au

250 m

2012 Intersection

2012 Target

-1500 m

RIC

HM

ON

T

GL

OB

EX

OP

TIO

N

Zone 4

2.97/69.47 0.92/3.22

2.10/23.85

3.70/56.70

1.54/4.70

3.70/29.89

2.60/10.60

3.08/5.52

3.56/12.11

1.95/5.17

1.64/14.49

2.58/10.63 3.18/9.66

2.77/15.35

3.43/11.77

1.40/9.99

2.60/10.14

7.12/7.20

1.54/8.17

WS-282-03

2.83 /71.76

WS-292-01

4.61/34.94

WS-282-02

6.40/52.80

WG-516-01

Nil

WG-480-05

Nil

WG-516-02

0.45/2.65 c.l.

WS-11-128A

0.27/4.02

WS-460-01

0.07/4.00

WG-480-04

1.87/9.24

WS-480-01

7.09/5.22

WS-437-01

1.30/4.28

WS-458-03

0.24/4.00

WS-458-01

1.02/4.08

WS-458-02

5.19/7.81

WS-377-02

1.48/7.83

WS-377-01

1.12/5.28

WS-392-02

3.80/7.01

WS-393-01

3.37/9.45

WS-386-02

1.25/5.92

WS-386-01

1.82/4.39

WS-404-02

5.16/11.11

WS-460-03

2.91/6.47

WG-480-02

4.07/4.44

Au g/t (cut at 35g) / True width (m)

c.l. Core length

WASAMAC GOLD PROJECT 2012 DRILL RESULTS & EXPLORATION TARGETS


MONIQUE GOLD PROPERTY OVERVIEW

Located in Quebec Abitibi region, 25 km east of Val-d’Or

5.39 km2 (539 hectares); 100%-owned

50 km away from 100%-owned Camflo Mill

Indicated Resources (open-pit): 728,164 T @ 2.35 g/t Au; 55,112 Au ounces

Permit application for a small open-pit operation submitted in Nov. 2011

2012 objectives: • Finalize permitting • Optimize economics

Monique


W E

2011 intersection

Previous intersection

Au g/t / True thickness (m) 2.5 / 8.3

Overburden

© 2011 Richmont Mines Inc.

100 m

-100 m

Whittle pit shell

1200m

E

1100m

E

Zone G

Zone J

Open Pit Resources (Whittle - December, 2011)

Indicated Resources: 728,164 T at 2.35 g/t Au; 55,112 oz Au

Overburden: 1,442,492 T

Waste Rock: 4,591,447 T

Inferred Resources: 11,605 T at 0.97 g/t Au; 362 oz Au

Cross Section 1180E

Cro

ss S

ecti

on

1180E

MONIQUE EXPLORATION PROPERTY LONGITUDINAL SECTION: G ZONE


CAMFLO MILL QUEBEC, CANADA

0

100

200

300

400

500

2008 2009 2010 2011 2012F

Francoeur Monique Custom milling Beaufor

Tonnes (thousands)

Annual Capacity: 425,000 tonnes

Replacement value of >CAN$35 million;

100%-owned;

No major capex in 2012; 2+ years no lost-time accident;

Excess capacity = ability to capitalize on regional discoveries & opportunities.


RICHMONT MINES CORPORATE OBJECTIVES

Produce 250,000 ozs of gold annually;

Build 1,000,000 ozs of gold reserves;

Achieve valuation parity with our peer group;

Grow through organic production and M & A.

Corporate Objectives


RICHMONT MINES FOCUS ON GROWTH

Focus on Growth

Wasamac exploration property: • M + I Resources: 556,385 Au ounces • Inferred Resources: 2,130,532 Au ounces

Promising future at Island Gold Mine: • Exploration results at depth

W Zone - Beaufor Mine property: • To be accessed in the near-term

Excellent management team & skilled workforce: • 579 employees at end of Q2 2012 • 20 year operating track record

Extensive drilling program in 2012: • 100,000 + metres

Active M&A growth strategy


RICHMONT MINES M&A STRATEGY

Increased corporate M&A deal flow and capability with new executives and Board members;

Focused predominantly on Canada; secondarily on key politically stable jurisdictions;

Preference for producing or near production assets;

Experienced technical team in place for project evaluation, permitting and production;

Sound balance sheet and capital structure.

M&A Strategy

denver gold presentation 2012

Investor Relations