
Safe harbor statement cautionary note to U.S.investors concerning mineral resource estimates

This presentation contains forward-looking statements that include risks and uncertainties. The factors thatcould cause actual results to differ materially from those indicated in such forward-looking statementsinclude changes in the prevailing price of gold, the Canadian-U.S. exchange rate, grade of ore mined andunforeseen difficulties in mining operations that could affect revenue and production costs. Other factorssuch as uncertainties regarding government regulations could also affect the results. Other risks may bedetailed from time to time in Richmont Mines Inc.’s periodic reports and annual notice.

The mineral resource estimates in this presentation were prepared in accordance with Regulation 43-101adopted by the Canadian Securities Administrators. The requirements of Regulation 43-101 differsignificantly from the requirements of the United States Securities and Exchange Commission (the “SEC”). Inthis presentation, we use the terms “Measured”, “Indicated” and “Inferred” Resources. Although these termsare recognized and required in Canada, the SEC does not recognize them. The SEC permits U.S. miningcompanies, 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 determinationhas been made that the mineralization could be economically and legally extracted at the time thedetermination is made. United States investors should not assume that all or any portion of a Measured orIndicated Resource will ever be converted into “Reserves”. Further, “Inferred Resources” have a greatamount of uncertainty as to their existence and whether they can be mined economically or legally, andUnited States investors should not assume that “Inferred Resources” exist or can be legally or economicallymined, 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.

TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines


Island Gold MineMay 27 Site Visit - Agenda

TSX - NYSE MKT: RIC 3Copyright 2015 by Richmont Mines

1. Welcome & Safety Induction

2. Presentations A. IntroductionRenaud Adams, President CEO

B. Workforce and Health SafetySylvain Drolet, Health & Safety Superintendent

C. Sustainability CommunityJean Bastien, Mine Manager

D. Geology ExplorationDoug Mac Millan, Senior GeologistRaynald Vincent, Chief Geologist

E. OperationsJean Bastien, Mine ManagerJacques Proulx, Asst. Mine Manager

F. Development PlansRenaud Adams, President CEO

3. Lunch and Q&A

4. Underground visit

5. Mill tour

6. Core shack

7. Departure

Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC4Copyright 2015 by

Richmont MinesTSX - NYSE MKT: RIC

4

Safety induction

At all times:

No horseplay is tolerated

Each refuge station has a first aid kit.Tell your tour guide of any injury immediately.

Have a safe and pleasant visit

In case of emergency, stay calm, follow instructions from your tour guide andregroup in the gathering area beside the parking lot. Each area is equippedwith fire extinguisher

When your outside of the building, PPE should be worn at all times1. Hard hat2. Safety glasses3. Reflecting vest4. Safety boots

Stay with your guide at all times. If for any reason you lose contact STAYWHERE YOU ARE and your tour guide will find you.

In case of emergency, stay calm and follow your tour guide’s instructions.

No horseplay is tolerated at any time.

Island Gold MineSafety Induction – Main Buildings Surface


Island Gold MineSafety Induction - Underground


Underground and surface safety requirements:1. Tag in prior to going underground2. Do not exit from vehicles in motion3. Use points of contact rule when entering/exiting

vehicle4. Stay with the group at all times5. Follow the instructions of your guide in an

emergency situation6. Watch for uneven ground and report any unsafe

conditions7. Tag out when leaving underground

Medical clinic and help available at all times.


IntroductionPresented by:

Renaud AdamsPresident CEO


Island Gold MineMineralized zones

TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines 7

RICHMONT MINES203 Mining Titles

7,168 hectares

Emily Bay Showing

Argonaut 1,968 he

Dubreuilville

2 km

Island Gold MineManagement Team

Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC

Jean Bastien, Eng., MBA Sylvain DroletMINE MANAGER HEALTH AND SAFETY SUPERINTENDENT

Jacques Proulx, Mining Technician Raynald Vincent, Eng., M.G.P.ASSISTANT MINE MANAGER CHIEF GEOLOGIST

Marc Leclair Don LachapelleUNDERGROUND SUPERINTENDENT MAINTENANCE SUPERINTENDENT

Peter Massi Daniel VachonMILL SUPERINTENDENT CHIEF MINE ENGINEER

Sylvie BelisleH.R. SUPERINTENDENT

7


TSX - NYSE MKT: RIC 8

Island Gold MineLocation Map

Copyright 2015 by Richmont Mines



Island Gold MineRegional Setting



Island Gold MineSite Map Infrastructure



Ego Deposit

Emily BayShowing

Argonaut 1,968 hc.

Dubreuilville

km

RICHMONT MINES PROPERTIES

OTHER OWNERS

Portal MainRamp

ISLAND GOLD MINE

ClineEdwards

Magino

Richmont Mines Inc.Island Gold Mine Land Tenure


RICHMONT MINES216 Mining Titles7,696 hectares


Crown pillar

W E

- 1,000 m

- 500 m

GOUDREAULOCHALSH ISLAND EXT1 EXT2

2015 Planned Ramp and Drift DevelopmentConceptual Development2015 Planned Ore Development

12TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines

Island Gold MineExtending Mine Life at Depth....

2015 Stoping

Mined out

Reserves – Resources 31/12/14

Actual Ramp and Drifts

190 Level


Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 13

• Consolidated ownership of claims

• Reaffirmed future growth potential of extension at depthwith step-out exploration drilling

• Infrastructure development significantly advanced

• Established estimated Mineral Reserves1 below 400metres

(1) Mineral Reserves are exclusive of Resources. In 2014, based on gold price of US$1,200/oz and an exchangerate of CAN$1.0833 US$1.00.

Island Gold Mine2014 - Reshaping for Future Growth

Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC1414TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines

Island Gold Mine2015 – Beginning transformational year

SHAREHOLDER SCORECARD:

1. Ramp development: completeplanned accelerated development oframps, and related electrical, watermanagement work

2. 620 metre level drift: completedefinition/delineation drilling toupgrade to M&I and then to Reserves

3. Exploration drilling grow Resourcebase via 61,000 metres of drilling

4. Mining milling studies: completestudies and internal review by year-end 2015 to determine long-termgrowth scenario.

5. Fixed assets equipment: maketargeted and strategic investments toposition the mine for game-changinggrowth.

Main ramp at -675 mEast ramp at -470 m

Drift extended to 290 m4,378 delineation drilling

3,331 of exploration drillingDrilling focused in 2nd half/15

Studies initiatedPreliminary results: Q3 2015

Electrical water pumping linesMore upgrades in Q2/Q3

Q1 2015 PROGRESSOBJECTIVE

Main ramp to -750metres, 2nd ramp to-570 metres

Extend drift to 600metres; complete59,000 of drilling

Evaluate easternextension potential

Evaluating base caseand alternativemine/mill options

Repositioningasset upgradeinvestments



2015 Forecast Gold ounce sales 45,000 – 50,000Guidance Cash cost1,4 oz CAN$935-$1,035 (US$850 - $940)

AISC2,4 oz CAN$1,350 - $1,495 (US$1,230 - $1,360)

Q1 2015 Gold ounces produced 10,764Gold ounce sales 8,923Cash cost1 /oz CAN$1,414 (US$1,139)AISC 2 oz CAN$1,843 (US$1,485)

(1) Cash costs include royalties, and is non-GAAP measure. (2) AISC All-in-sustaining-cost, non-GAAP measure. (3) All performance data forFY2013 FY2014 are based on ounces sold. For Q1 2015, tonnes, gold recovery and head grade data are based on ounces produced. (4) Assumingexchange rate of CAN$1.00 US$0.91 (US$1.00 CAN$1.10).

ISLAND GOLD MINE3 FY 201312 mo ended Dec.31

FY201412 mo ended Dec 31

Q1 2015mo ended Mar 31

Tonnes 244,631 233,202 43,785

Gold recovery (%) 96.1% 96.3% 97.2%

Head grade 4.65 g/t 5.83 g/t 7.87 g/t

Gold ounces sold 35,113 42,078 8,923

Avg. cash cost/oz (US$)1 1,092 889 1,139

Avg. sales price/oz (US$) 1,392 1,266 1,211

Island Gold Mine2015 Guidance


WorkforceHealth Safety

Presented by:Sylvain Drolet

Health and Safety Superintendent


Island Gold MineWorkforce Statistics


74%

26%

% Local % Non-Local

Total mine site workforce of 384:

225 employees (164 hourly, 61 staff)159 contractors

Workforce – local vs. non-local breakdown:Successfully increasing local workforceLow turnover rate

53%47%

% Local % Non-Local

2008 2014

Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC18Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC18

Island Gold MineHealth Safety

• 4.5 years without lost time accident

• Mine rescue competition:Mine District Champion in 2014First Aid Champion years in row (2013-2015)


Island Gold MineHealth Safety

Q1 2014* Q2 2014 Q3 2014 Q4 2014 Q1 2015Frequency 12 months 8.7 9.7 5.7 6.0 5.5Lost time accidents 0.0 0.0 0.0 0.0 0.0Objective 0.0 0.0 0.0 0.0 0.0

0.0

2.0

4.0

6.0

8.0

10.0

12.0

SAFETY PERFORMANCE



Sustainability &Community

Presented by:Jean BastienMine Manager


• No major non-compliance registered in 2014• Working on permitting for additional lift for tailing storage facilities,

which would provide an additional minimum 6 years of storage atcurrent mill capacity of 800 tpd

• Potential for continuous discharge, which would add additional 2 years• Construction planned for second half of 2015; associated cost is

included in 2015 sustaining capital guidance.


Island Gold MineEnvironment Sustainability



Island Gold MineCommunity

First Nations relationships:• Michipicoten• Missanabie Cree

Local community of Dubreuilville:• 17 km away from mine site• Total population of 900• Dubreuilville and Bunkhouse: 80 rooms + kitchen facility


Geology &Exploration

Presented by:Doug Mac Millan

Senior Geologist

Raynald VincentChief Geologist


Lake Superior

Marathon

White River17

25 km

Island Gold MineWawa Geological Sub-province

Wawa

HEMLO

RENABIE

MISHI EDWARDS

ISLAND GOLDMINE

Proterozoic Plutonic and Volcanic RocksArchean Granitoid PlutonsArchean Metasedimentary TerranesArchean Greenstone TerranesFaultGold Past Producer

Gold Producer


SUGAR ZONESCHREIBER

EAGLE RIVER


Wawa

Lake Superior

17

10 km

Dubreuilville

519

RENABIE

MISHI

EAGLE RIVER

EDWARDS

ISLAND GOLDMINE

Archean Granitoid PlutonsArchean Greenstone TerranesFaultGold ShowingGold Past ProducerGold Producer

MINE

Island GoldMaginoKremzarEdwardsClineRenabieWawa AreaEagle River

1,675,000803,000306,000390,000300,000

5,584,000478,000

3,300,000

5.64.44.8

11.26.57.27.89.3

307,000114,000

47,000140,000

63,0001,100,000

119,000962,000

MINE TONNAGE AU g/t OUNCES

MAGINO

25

Past Production 2,800,000 ozs Au


Island Gold MineWawa Gold Camp


Mill

EDWARDSProduction 0,5 MT 11.0 g/t Au144 000 oz Au

CLINEProduction 0,3 MT 6.5 g/t Au63 000 oz Au

1 km

Lochalsh

Gold Showing

KREMZARProduction 0,6 MT 4.8 g/t Au47 000 oz Au

ISLAND GOLD MINE (31/12/2014)Proven & Probable Reserves : 895,000 6.39 g/t Au183,750 oz AuMeasured & Indicated Resources: 733,500 9.29 g/t Au219,050 oz AuInferred Resources: 3,547,500 8.79 g/t Au1,002,750 oz Au

Goudreau

Closed Gold Mine

Producing Gold Mine

Richmont Properties

MAGINOProduction 0,8 MT 4.4 g/t Au114 000 oz Au

DEEP ZONE

Island Gold MineHoldings in Area

26


Island Gold MineGoudreau Lake Deformation Zone


5 km

N


Island Gold MineShowings and Deposits




Island Gold Mine2014 Mineral Reserves and Resources

ISLAND GOLD MINE (31/12/2014)TOTAL RESERVES AND RESOURCES

Proven & Probable reserves : 895,000 T @ 6.39 g/t Au183,750 oz Au Measured & Indicated resources: 733,500 T @ 9.29 g/t Au219,050 oz AuInferred resources: 3,547,500 T @ 8.79 g/t Au1,002,750 oz Au

-500m

Crown pillar

W E

-1000m

250m

Proven ReservesProbable ReservesIndicated ResourcesC Zone Indicated &

Inferred ResourcesActual Ramp and DriftsMined Out

Au g/t / true thickness (metres)


Island Gold MineIsometric View


515L to 635L

NE

Lochalsh Island ZoneExtension1

Extn 2Goudreau Zone


Island Gold MineIsometric View


N

620 Exploration drift

E

Goudreau Extn 2 Extension 1 Island ZoneLochalsh


2000 100

meters

4900m

Island Gold MineZone - Metal factor (grade width)

Crown pillar

W E

- 1,000 m

- 500 m

LOCHALSH ISLAND EXT1 EXT2

Interpreted plunge of deposit axis

32

Cut off(3.75 g/t Au 2.0 m)

32730

20

10

5

0

Metal FactorGrade (g Au/t) true width (metres)

Average mining grade(5.84 g/t Au 2.4 m)


11.25g/t Au / 6.56m

13.3g/t Au / 3.6m

19.8g/t Au / 3.93m


2000 100

meters

4900m

Island Gold MineZone – Grade (g/t Au)


Cut Grade(95g/t Au)

Crown pillar

W E

- 1,000 m

- 500 m



Island Gold MineZone – True width (metres)


2000 100

meters

4900m

Crown pillar

W E

- 1,000 m

- 500 m


True width (metres)


Island Gold MineSchematic Section of Main Mineralized Zones


Overburden

535 Level

620 Level

Island Mainmineralized zones

Inflection

Island Lowermineralized zones

Actual rampand drifts

Crown pillar

-500m

-750m

-250m



Island Gold MineSection 14940E

S N

-500m

-900m

100 m

510 Level

535 Level

Zone

Island Gold LowerResources

Section 14940E

560 Level

585 Level

Composite Longitudinal Section

620 Explo. Level635 Level


Planned Dev.


Island Gold MinePlan View – 675 Level

Composite Longitudinal Section

Level 675

675 Level Plan

Zone

W E

100

m

620 Exploration Level

ISLAND EXT 1 EXT 2

Island Gold LowerResources


Island Gold MineTypical Section – Looking West

Crownpillar

-500m

-750m

-250m

Crownpillar

-1,000m


Mafic dykes

14960ESection

14740ESection

Mafic dykes



Island Gold MineShear and Extensional Veining




Island Gold MineGoudreau Zone Gold Vein


Island Gold MineIsland 560 Sill


ISLAND 560C

Approx. 13 cm



Island Gold MineComposite Longitudinal Section, Lower Zones

400-514-1830.0 g/t Au 9.55 m

ISLAND GOLD MINE (31/12/2014)TOTAL RESERVES AND RESOURCES

Proven Probable Reserves895,000 6.39 g/t Au, 183,750 oz AuMeasured Indicated Resources:733,500 9.29 g/t Au, 219,050 oz AuInferred Resources:3,547,500 8.79 g/t Au 1,002,750 oz Au

400-528-104.79 2.87

400-528-097.44 8.49

400-528-104.44 6.07

GD-14-022.43/1.5

GD-14-10C19.87 g/t Au 3.93 m



Island Gold MineOre Zone - Deep Level vs. Upper Level


Higher grades in Island Deep averaging over 8.79 g/t in the currentinferred resource vs. the 5.6 g/t average mined between 2007-2013 inupper mine or a 35% grade increase.Veining more robust with increasing depth - a change from cm todecimeter stringers and veins progressing into decimeter and metre scaleveins with increasing depth.Average zone width of deep resource 4.5 metres width vs. upper zonesaveraging 2.7 metres or ~40% width increase (Press release 02/05/13).Vg hit ratio is typically 50% or better at depth, compared to 30% in theupper levels as calculated in the first Deep C resource estimate.Structural-alteration corridor enveloping all zones appears to bewidening at depth from about 50 meters to 100 meters.



DH 400-514-18: 30.06G/9.55M -950M ELEV.

Smokey quartz vein 4.5 metres wide, weak development of accompanyingstringers, vertical zonation of veining style from sheeted veinlets +/- decimeterscale veins in upper levels to up to 2.0 metres veins at depth.

Island Gold MineDisplay Core Zone

44

Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC4545TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines

Still open at depth... GD14-01C 19.9 g/t Au over true width of 3.9 m

1,200 metres below



DH 425-487-12: NICE DEEP VEIN - SMOKEY COLOR VG, NQ SIZE.


46




DH 425-487-18CM AU STRINGER AT 9,240 G/T AU

SAMPLE LENGTH OF 30 CM.



Island Gold MineDescription of Gold Particles



Island Gold MinePrevious QA/QC Pulp Metallic Method Review

2004 RPA Technical Report on the Island GoldDeposit concludes that gold in the Island Deposit isfine grained enough to respond well to normal fireassay procedures.2015: RPA completed a full review of estimatedMineral Resources as at December 31, 2014.


Copyright 2015by Richmont Mines 50TSX - NYSE MKT: RIC

Island Gold MineQuality Assurance Quality Control

Standard Reference Material inserted at rate of 1:20in core sample stream for exploration and 1:50 forproductionStandard Reference Material inserted into everyoutgoing chip sample batch (10-20 samples/batch)Coarse field blanks inserted after all visible gold coresamplesPulp and Reject laboratory cross checking routineDuplicate chip sampling on faces and core ongoingCore shack on gated mine site with limited access


Island Gold MineActlabs vs. Lab Expert Reject Cross Checks



Island Gold MineMineral Reserves and Resources


Goudreau 215 G2

Goudreau

Island 560 C

Approx. 13 cm

Upper Island D


49,196 oz(1) Resources are exclusive of Reserves, and do not have demonstrated economic viability at this time. (2) Established on December 31/14, using gold

price of US$1,200/oz and an exchange rate of CAN$1.0833=US$1.00. In 2013, price of US$1,225/oz and an exchange rate of CAN$1.06=US$1.00 wereused. (3) Underground Resources established for the Zone and six other lateral zones below vertical depth of -400 metres.

Mineral resources were estimated by 3D block modeling with blocks of 5m 5m for the Upper part and blocks of 10m 10m x 5m for the lower partof the mine. Grade estimation was done by ordinary Kriging or ID2

53

MINERAL RESERVESRESOURCES1

AS OF DEC 31, 2014 AS OF DEC 31, 2013

Tonnes(metric)

Grade(g/t Au)

Au ozscontained

Tonnes(metric)

Grade(g/t Au)

Au ozscontained

IslandGoldMine

Reserves 2 (above -400 m) 463,000 6.04 90,000 644,500 6.01 124,450

Reserves 2,3 (below -400 m) 431,500 6.76 93,750 88,500 6.70 19,050

Total P Reserves 2 895,000 6.39 183,750 733,000 6.09 143,500

I Resources (above -400 m) 295,500 6.83 64,850 283,500 7.07 64,450

Indicated Resources (below -400 m) 438,000 10.95 154,200 456,000 11.52 168,900

Total Resources 733,500 9.29 219,050 739,500 9.81 233,350

Inferred Resources (above -400 m) 369,500 6.97 82,800 363,000 7.09 82,750

Inferred Resources 3 (below -400 m) 3,178,000 9.00 919,950 3,196,000 9.29 954,600

Total Inferred Resources 3,547,500 8.79 1,002,750 3,559,000 9.07 1,037,350


Island Gold MineMineral Estimated Reserves Resources

TSX - NYSE MKT: RIC


Copyright 2015 by Richmont Mines 54TSX - NYSE MKT: RIC

Island Gold MineResource Drilling Parameters

Measured Resources:DDH Spacing: 20 metres and lesswithin 8 metres of an U/G opening (raise, sill, stope)

Indicated Resources:DDH Spacing: 20-25 metresno U/G openings, good continuity of mineralization

Inferred Resources:DDH Spacing: more than 25 metres, wider spacing

Limit of resources block defined on longitudinal section with amaximum of 30 metres from a DDH


190 Level

Crown pillar

W E

- 1,000 m

- 500 m


2015 Planned Ramp and Drift Development

Conceptual Development

2015 Planned Ore Development 2015 Mining Area

Mined out

Resources 31/12/2014 Actual Ramp and Drifts

Extend ramp systems

Exploration/definitiondrift on the -620 level

Reserves 31/12/2014

Dyk

e

Dyk

eDrill hole intersections+


Island Gold MineHighlights Results of Face Sampling – C Zone


LEVEL

CHANNEL FACE SAMPLING

Length(m)

Au (g/t)Cut 47 g/t Au

True Thickness(m)

515W 37 10.53 2.2

535W 83 9.82 2.5

560W 120 9.69 2.8

585W 92 6.94 2.9

610W 78 9.48 2.4

635W 126 14.00 2.5

535E 34 12.05 2.4

585E 70 7.18 4.4

610E 82 9.91 3.0

635E 74 12.54 2.7

Reconciliation of development (up to April 30, 2015), to the December 2014 resource model of 25,845 tonnes at 5.84 g/t Au, showed a 13% reconciliation to grade, returning 22,798 t at 6.59 g/t Au.


Island Gold Mine2015 Planned Development Drilling Activities

190 Level

Crown pillar

W E

- 1,000 m

- 500 m



Definition drilling 14,500

2015 Planned Ramp and Drift Development

Conceptual Development

2015 Planned Ore Development

2015 Stoping

Mined out



57

2015 PLANNED DRILLINGDrilling will define delineate between-500 metres and -1,000 metres

Delineation drilling 44,500 m

2015 OBJECTIVES1. Extend main access ramp to -750 m2. Extend East Ramp to -570 m3. Extend 620 level drift to ~600 length


hgb

Island Gold Mine2015 Planned Exploration Drilling

190 Level

Crown pillar

W E

- 1,000 m

- 500 m



Underground exploration 41,000 mSurface exploration 20,000

Mined out

Reserves – Resources

31/12/2014


400-528-097.44 / 8.49

400-528-104.44 / 6.07

400-528-104.79 / 2.87

GD-14-01C19.87 / 3.93

C Zone Intersections (Au cut 95 g/t)Au g/t / true thickness (metres)

2015 Exploration drift

58

Drill Targets

2015 PLANNED DRILLINGDrilling will test eastern down plungeextension and areas closer to surface.

Previous holes


OperationsPresented by:

Jean BastienMine Manager

Jacques ProulxAssistant Mine Manager



Island Gold MineMining Methods

Production Drilling1.5mx1.5m spacing

2½”

Slot Raise 1.8mx1.8m

Mining is done using long-hole stoping100% long-hole stoping anticipated for below 400 metres


Island Gold MineMine Sequencing

Pull void is used to create void for the next blastCables are used in the walls between rings for ground support

Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC


Island Gold MineMill Details


0.8 km from the ramp portalCIP gold milling process

CRUSHING GRINDING LEACHING CIP CIRCUIT STRIPPING ELECTROWINNING REFINING

All incurred costs are in Canadian dollarsCurrent capacity of 850 tpd2014 scoping study determined that the mill can be expanded to

1,200 tpd, at cost of $20 millionJaw crusher and cone crusher replaced in 2014Screening capacity will be increased in 2015



Island Gold MineMill Flowsheet – 1 of 2



Island Gold MineMill Flowsheet – 2 of 2



Island Gold MineMill Production Opportunity

2015 objective: fill the mill to rated capacity of 800 tpd (based on 365 days)

400

450

500

550

600

650

700

750

800

850

900

2010 2011 2012 2013 2014 Q1 2015

Average tonnes per day

Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC6666Copyright 2015 by Richmont Mines

Island Gold MineMine Cost/Tonne Breakdown – FY 2014

All of Island Gold Mine operating costs are in Canadian dollars2014 average exchange rate CAN $0.9054 US $1.00

$97

$36

$36

$8

Mining Surface administrationMilling Royalties

2014 Cash Cost/Tonne (CAN$)Total 2014 cost/tonne CAN$177

2014 Cash Cost/Tonne (CAN$, in %)

0%

5%

10%

15%

20%

25%

30%

35%

TSX - NYSE MKT: RIC

Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC6767Copyright 2015 by Richmont Mines

Island Gold MineMining Unit Cost Opportunity

TSX - NYSE MKT: RIC

Near-term opportunity: lower the mining cost by returning to historicaldevelopment ratio

0

50

100

150

200

250

0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0%

Q1 2015

Uni

tMin

ing

Cost

of Development Ore of Total Ore Mined

Long-term planned ratio


2015Development

PlansPresented by:

Renaud AdamsPresident & CEO

Jean BastienMine Manager



Island Gold MineWell Positioned for Growth


RICHMONT’S OBJECTIVE

To transform Island Gold Mine into alonger life, higher production and lowercost operation, with the ability todeliver years of high-quality growthand increased net free cash flow levels.


Island Gold Mine2015 Project Capital


Planned 2015 project and exploration investment of $29.2 million• 41,000 m of underground exploration drilling $3.2 million

Testing the eastern down-plunge extension

• 20,000 m of surface exploration drilling $2.0 millionTesting closer to surface step-out targets to the east and west

• Fixed assets $1.8 millionUnderground equipmentVentilation, electrical sub-station etc.

• Accelerated mine development work $19.0 millionExtend -620 m level exploration/definition driftExtend primary ramp to depth of –750 mExtend secondary ramp to –570 m

• Accelerated delineation drilling $2.2 millionDefine and delineate ounces between –500 m and –1,000 m

• Mining & milling studies $1.0 million



Island Gold MineSustaining Capital

2015 Sustaining Capital of $19.1 million• Fixed assets & equipment $10.7 million

TailingsMillSurface – buildings, underground equipmentUnderground infrastructure (electrical, dewatering)

• 11,125 m of delineation drilling $0.7 million

• Mine development $7.7 millionPlanned development for near-term mining


Crown pillar

W E

- 1,000 m

- 500 m


2015 Planned Ramp and Drift DevelopmentConceptual Development2015 Planned Ore Development


2015 Stoping

Mined out



190 Level

ZONE 1

ZONE 2

ZONE 3Level 700 – Center of Mass

Level 850 – Limit Base Case

Pote

ntia

l

Island Gold Mine - StudiesBase Case – 800 tpd by Ramp

W GOUDREAULOCHALSH ISLAND EXT1 EXT2 E



Ontario Quebec

Island Gold MineMining Studies

Consultant firm was retained for the mining studies

Phase 1 of the mining studies (summer 2015) will consist of:Optimization of Base Case scenario (800 tpd by ramp), which consists of:

Mining by ramp down to 850 metre levelDeveloping an optimized mine plan allowing to mine a minimum of 800 tpd,depleting ounces while maintaining a center of mass (tonnes-km) a level 700/750at all timeTime study confirmed that 800 tpd could by hauled from level 725 with currentramp size

Analysis of capacity of deposit without underground infrastructurelimitationsSelection of top scenario allowing increased mining capacity (possibilitiesinclude shaft options, second ramp, conveyors etc)

Should Phase 1 provide economics for an expansion, then Phase 2(end 2015/early 2016) would consist of advancing the topscenario to a PEA level.


Island Gold MineMilling and Mining Studies

SVP vérifier, clarifier ouajouter de l’info

Island Gold MineMine Productivity Opportunities

• Reduce dilution levels at lower depthsAverage width is 4.5 metres versus 2.7 metres in upper mine

• Reduce operating and non-operating delaysEquipment travel time, usage and productivity rates beingevaluated

• Implement Performance Management (dashboard)

• Cost savings opportunity in procurement area

• Evaluating different mining methods



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island gold site visit

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