Canaccord Technical Session

TSX–NYSE MKT: RIC
POSITIONING FOR SUSTAINABLE GROWTH
Canaccord – Technical Session
April 25, 2016

www.richmont-mines.com 2RIC: TSX NYSE-MKT
• Richmont Overview Renaud Adams
• Vision & Strategy
• Corporate Overview
• Assets, Reserves & Resources Overview
AGENDA
• Island Gold Geology Doug MacMillan
• Regional & Local Geology
• Resource Model
• QAQC & Reconciliation
• Island Gold Operations Renaud Adams
• Operating Strategy
• Progress to Date
• 2016 Plans
• Growth
Island Gold – Exploration Upside Daniel Adam

FORWARD LOOKING STATEMENTS
Safe Harbor Statement & Cautionary Note to U.S. Investors Concerning
Resource Estimates
This presentation contains forward-looking statements that include risks and uncertainties. The factors that could
cause actual results to differ materially from those indicated in such forward-looking statements include changes in the
prevailing price of gold, the Canadian-U.S. exchange rate, grade of ore mined and unforeseen difficulties in mining
operations that could affect revenue and production costs. Other factors such as uncertainties regarding government
regulations could also affect the results. Other risks may be detailed from time to time in Richmont Mines Inc.’s
periodic reports and annual notice.
The resource estimates in this presentation were prepared in accordance with NI 43-101 adopted by the Canadian
Securities Administrators. The requirements of NI 43-101 differ significantly from the requirements of the United States
Securities and Exchange Commission (the “SEC”). In this presentation, we use the terms “Measured”, “Indicated” and
“Inferred” Resources. Although these terms are recognized and required to be used in Canada, the SEC does not
recognize them. The SEC permits U.S. mining corporations, in their filings with the SEC, to disclose only those mineral
deposits that constitute “Reserves”. Under United States standards, mineralization may not be classified as a Reserve
unless the determination has been made that the mineralization could be economically and legally extracted at the time
the determination is made. United States investors should not assume that all or any portion of a Measured or
Indicated Resource will ever be converted into “Reserves”. Furthermore, “Inferred Resources” have a great amount of
uncertainty as to their existence and whether they can be mined economically or legally, and United States investors
should not assume that “Inferred Resources” exist or can be legally or economically mined, or that they will ever be
upgraded to a more certain category.
U.S. Investors are urged to consider the disclosure in our annual report on Form 20-F, File No. 001-14598, which may
be obtained from us or from the SEC’s web site: http://sec.gov/edgar.shtml.
(All amounts are in Canadian dollars, unless otherwise indicated.)

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.

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 (59M)

CAPITAL STRUCTURE
Capital Structure(1)
Issued & Outstanding Shares 58.5M
Options 3.9M
Fully Diluted 62.4M
Cash(1) C$61.2
Total Debt(2) C$9.0M
Ticker RIC:TSX–NYSE
Market Capital (April 7/16) C$468M
(1) As of March 31, 2016
(2) As of March 31, 2016. Long-term debt is primarily comprised of capital lease obligations
C$61.2M
CASH
C$9.0M
DEBTAnalyst Coverage
CIBC Jeff Killeen
Macquarie Capital Markets Michael Gray
National Bank Financial Adam Melnyk
PI Financial Brian Szeto
TD Securities Daniel Earle
Paradigm Capital Don Blyth
Cormark Securities Kyle MacPhee
Mackie Research Ryan Hanley
Canaccord Genuity Rahul Paul
BMO Capital Markets Brian Quast
Haywood Securities Kerry Smith
Scotia Capital Craig Johnston
Desjardins Capital Mike Parkin
RIC
(as of April 7, 2016)
TSX
C$
NYSE MKT
US$
Closing price $8.00 $6.10
52-week range $3.14-$8.00 $2.27-$6.10
Market Cap (M’s) $468M $357M
30-day daily trading avg. 310,547 381,343
Strong cash position supports fully
funded strategic growth plan

Q1 production: 32,369 oz.; Cash costs of $806 per oz (US$587)
Reserves increased by 187%; 206% at Island Gold; 95% at Beaufor
Island Gold mine life increased to 7 years(1) with 3 years mine life pre-developed
Beaufor mine life increased to more than 2 years(1)
Released Preliminary Economic Assessment for Island Gold (Oct 28/15)
OPERATIONAL HIGHLIGHTS
2015 Q1 2016
2016
Guidance
Gold produced (oz) 98,031 32,369 87,000-97000
Cash cost per oz. (CAN$)(1) $977 $806 $930-$1,000
AISC (CAN$)(1) $1,373 - $1,275-$1,390
Cash cost per oz. (US$)(1) $764 $587 $680-$730(2)
AISC (US$)(1) $1,074 - $935-$1,015(2)
(1) Refer to the Non-GAAP performance measures contained in the Annual MD&A.
(2) 2016 Guidance assumes a foreign exchange rate of 1.364 Canadian dollars to the US dollar.
Proven and Probable Mineral Reserves(1)(2)
Island Gold Mine and Beaufor Mine
December 31, 2015 Gold ounces 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
(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.
(1) Mine life based on 2015 Mineral Reserves and Resources
Operational Highlights

CANADIAN HIGH-GRADE UNDERGROUND MINE
Record Production Q1; Declining cash costs
YTD positive grade reconciliation: 44%
Production expansion opportunity
Reserves increase by 206%; 7-year mine life(1)
Exploration potential laterally and at depth
(1) Refer to full 2015 Reserve and Resource information at the end of this presentation
2015
Q1
2016
2016
Guidance
PEA
2017-2022
Avg.
Gold Production (oz) 55,040 26,589 62,000-67,000 78,000
Gold Sold (oz) 52,363 26,031 - -
Cash costs/oz (C$)(1) $1,034 $674 $900-$960 $552
AISC (C$)(1) $1,460 - $1,160-$1,250 $639
Cash costs/oz (US$)(1) $808 $491 $660-$705(2) $414
AISC (US$)(1) $1,141 - $850-$920(2) $479
(1) Refer to the Non-GAAP performance measures contained in the Annual MD&A.
(2) 2016 Guidance a foreign exchange rate of 1.364 Canadian dollars to the US dollar.
63% INCREASE IN PRODUCTION SINCE 2013
Capital and Exploration 2015
2016
Guidance
2016
PEA
Sustaining Capital ($M) 22.3 17.3 ~$20.0(2)
Project Capital ($M) PEA 28.9 37.4 36.8
Project Capital ($M)
non-PEA
2.0 6.0(1) -
Exploration ($M) 4.6 7.3 -
(1) Includes 1,000m of development and related infrastructure outside of the PEA area
(2) Estimated sustaining capital for the entire period 2017-2022 as per the PEA is $40.5M
2015 Reserves and
Resources
Tonnes
Gold
Ounces
Grade g/t
Reserves (oz)(1)/Grade (g/t) 2,115,500 561,700 8.26
M&I (oz)(1) /Grade (g/t) 348,500 71,700 6.40
Inferred (oz)(1)/Grade (g/t) 2,815,000 768,050 8.49
(1) Mine life based on 2015 Mineral Reserves and Resources

BEAUFOR MINE: OVERVIEW
(1) Refer to the Non-GAAP performance measures contained in the Annual MD&A
(2) 2016 Guidance assumes a foreign exchange rate of 1.364 Canadian dollars to the US dollar
2015 Q1 2016 2016 Guidance
Gold Production (oz) 26,411 4,615 25,000-30,000
Gold Sold (oz) 26,875 5,037 -
Cash costs/oz (C$)(1) $995 1,398 $1,000-$1,060
AISC (C$)(1) $1,216 - $1,230-$1,330
Cash costs/oz (US$)(1) $778 1,018 $735-$780(2)
AISC (US$)(1) $951 - $905-$975(2)
Capital and Exploration 2015 2016 Guidance
Sustaining Capital ($M) $5.9 $6.8
2015 Reserves and Resources
Gold
Ounces
Grade g/t
Reserves (oz)(3)/Grade (g/t) 63,850 6.57
M&I (oz)(3) /Grade (g/t) 171,900 6.34
Inferred (oz)(3)/Grade (g/t) 28,000 6.44
Reserves increased by 95%; mine life
increased by 2 years (based on reserves)
Development of the Q Zone; Reached the
mineralized structure in late March
Generating free cash flow (2016-2017)
Camflo Mill: capacity of 1,200 tpd provides
toll milling opportunities

MINERAL RESERVES INCREASE BY 187%
Gold oz.
63,850
Gold oz.
561,700
0
100
200
300
400
500
600
700
2012 2013 2014 2015
MineralReserves(000’sounces)
Monique Beaufor Island Gold
Proven and Probable Mineral Reserves(1)(2)
Island Gold Mine and Beaufor Mine
Gold ounces Grams per tonne
December 31 2015 2014
Change
(%) 2015 2014
Change
(%)
Island Gold Proven & Probable
above ~400m 76,700 90,000 (15%) 6.91 6.04 14%
below ~400m 485,000 93,750 417% 8.52 6.76 26%
Island Gold Proven & Probable 561,700 183,750 206% 8.26 6.39 29%
Beaufor Proven & Probable 63,850 32,750 95% 6.57 7.06 (7%)
Total Proven & Probable 625,550 216,500 187% 8.05 6.43 25%
(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

REGIONAL LOCATION MAP
Island Gold Mine

ISLAND GOLD MINE
Location Map
Lake Superior
Marathon
White River
17
25 km
Wawa
HEMLO
RENABIE
MISHI EDWARDS
ISLAND GOLD
MINE
Proterozoic Plutonic and Volcanic Rocks
Archean Granitoid Plutons
Archean Metasedimentary Terranes
Archean Greenstone Terranes
Fault
Gold Past Producer
Gold Producer
SUGAR ZONESCHREIBER
EAGLE RIVER

Present and Past Producers
Mine Tonnage Grade AU Ounce
Island Gold 1,654,000 5.6 358,000
Magino 770,000 4.6 114,000
Kremzar 306,000 4.8 47,000
Edwards 391,000 9.9 140,000
Cline 330,000 6.5 69,000
Renabie 5,584,000 7.2 1,100,000
Wawa Area 478,000 7.8 119,000
Eagle River 3,473,000 9.3 1,003,000
Dubreuilville
ISLAND GOLD MINE
10 km
N
Wawa48°
84°
85°
Lake Superior
EAGLE RIVER
RENABIE MINE
17
519
ISLAND GOLD MINE
Wawa Gold Camp District (2.9 M oz.)

GOUDREAU LAKE DEFORMATION ZONE

ISLAND GOLD MINE
GLDZ Trends

Mill
CLINE, 63,000 oz Au
0,3 MT @ 6.5 g/t Au
Cline Lake Porphyry
1 km
EDWARDS, 144,000 oz Au
0,5 MT @ 11.0 g/t Au
Porphyry Dykes, Splays MV
KREMZAR, 47,000 oz Au
0.6 MT @ 4.8 g/t Au
Gabbro Sill north contact
MAGINO, 114,000 oz Au
0.8 MT @ 4.4 g/t Au
Webb Lake Stock
ISLAND GOLD MINE
Felsic Volcanic complex
Richmont property outline
Maskinonge
lake
Ramp
MAGINO OPEN PIT (Resources)
158 MT @ 1.03 g/t Au
5.2 million oz Au
Goudreau Zone
Lochalsh Zone
ISLAND GOLD MINE
Adjacent Past Producers

ISLAND GOLD MINE
• Gold not restricted to any rock type except diabase,
Maskinonge Granite
• High spatial correlation of 8 Goudreau camp Au deposits with a variety
intrusive rocks
• Shafts
• Gutcher Lake Stock, Trondhjemite, Murphy Mine;
• Webb Lake Stock, Trondhjemite, Magino Mine;
• Webb Lake Sill, Trondhjemite, Shore and North Shear Zone;
• Cline Lake Porphyry, Felsic intrusive, Cline Mine;
• Felsic Porphyry Dykes, Edwards Deposit;
• Gabbroic Sill, Kremzar Deposit;
• Felsic Dyke/Sill, Markes A zone;
• Felsic porphyry dykes, Ego deposit.
• Island Gold Mine, mafic dykes, massive volcanic units,
felsic dykes

RICHMONT MINES INC.
Land Tenure
Ego Deposit
Emily Bay
Showing
Dubreuilvill
e
2 km
RICHMONT MINES PROPERTIES
OTHER
OWNERS
Portal Main
Ramp
Edwards
Magin
o
GOUDREAU
LAKE
Cline RICHMONT MINES
219 Mining Titles
7,772 hectares
ISLAND GOLD MINE

ISLAND GOLD MINE
2010 Planned Exploration Drilling
Planned Drilling Campaign: 5000 m

RICHMONT MINES
2010 Drill Results

RICHMONT MINES
Drilling Summary
A limited drill program for 5000 meters
continued for 2.5 years to end of 2013
123,000 meters total
187 drill holes were drilled

ISLAND GOLD MINE
2014 Long-section, Deep C Zone
SSM2666
SSM2491SSM2490SSM2490
Island Gold Deep C Zone

ISLAND GOLD MINE
Mineral Reserves and Resources

ISLAND GOLD MINE
Isometric View, December 31, 2015

www.richmont-mines.com 26RIC: TSX NYSE-MKTTSX - NYSE MKT: RIC
S N
-500m
-900m
100 m
510 Level
535 Level
Zone
Island Gold Lower
Resources
Section 14940E
560 Level
585 Level
Composite Longitudinal Section
620 Explo. Level
635 Level
ISLAND GOLD MINE
Section 14940E

ISLAND GOLD MINE
Plan View – 675 Level
Island Gold Lower
Resources
ISLAND EXT 1 EXT 2 EW
675 Level Plan

ISLAND GOLD MINE
Schematic Cross Section
Overburden
535 Level
620 Level
Island Main
mineralized zones
Island Lower
mineralized zones
ramp and
drifts
Crown pillar
-500m
-750m
-250m
Inflection Zone
50m
• Deposit discovered between
1985-87 by Canamax Resources
• 1989-90: ramp access with
2 levels developed
• 2003: option agreement between
Richmont and Patricia Mining
• 2007 beginning of commercial
production
• 2008: Richmont acquired
Patricia Mining
• 2010: beginning of deep
exploration drilling
(-400 to – 1,000 m)
• 2014: 320 000 oz of gold
extracted from above the 400
level and more than a million
ounce resource found below
• 2015: more than 560,000 oz in
Proven and Probable Reserves,
beginning of a deep directional
exploration program
(-1,000 to -1,500 m)
100m

ISLAND GOLD MINE
Typical Sections Looking West
14740E
Section
Island Lower
mineralized zones

ISLAND GOLD MINE
535 Level Drift – C Zone

Island Gold Mine
Typical Section 14960 E – Looking West
-500m
-750m
-250m
Crown pillar
-1000m
Island Lower
mineralized zones
Mafic dykes
14960E
Section
Felsic
volcanics

www.richmont-mines.com 32
Island Gold Mine
Mineralization Model
• Rock Competency contrast Exhibited on Regional and Mine scale
• GLDZ developing at/near interface of Cycle 2 and Cycle 3 volcanic rocks, so the
major structure forming along contrasted lithologic and age domains.
• Likewise on a smaller deposit scale at the Island Gold mine the favorable
structural setting along which the Island Gold deposit has formed is linked to
rheological differences of the host sequence which in this case is the competency
contrasts between the mafic dyke – volcanic domain and the larger more
competent and massive footwall felsic unit. Not a ground breaking new concept
but very workable in the Goudreau area.
• Accordingly the development of shears propagate along these planes of
weakness with the subsequent formation of structural traps, vein formation and
gold deposition.

ISLAND GOLD MINE
C Zone – Metal Factor, (grade*width)
W E
GOUDREAULOCHALSH ISLAND EXT1 EXT2
- 1,000 m
- 500 m
Crown pillar
- 1,500 m
15,000mE
16,000mE
620 m Level Exploration drift
14,000mE
Surface
200 m
Cut off
(4.0g/t Au / 2.0m)
327
30
20
10
5
0
Metal Factor
Grade (g Au/t) x true width (metres)
(Cut 95g)
PEA
GD-620-01
24.57/1.26
GD-14-01C
19.87/3.93
MH1-1
20.38/2.31
MH3-2
8.70/11.93
GD-630-01
31.19/3.43
GD-630-02
11.90/0.60

ORE ZONE PLUNGE

ORE ZONE
140L Ore Face
C zone, stringers style ore and boudignaged decimeter scale
Alteration envelope = quartz-sericite-pyrite-carbonate +/- tourmaline +/- albite

ISLAND GOLD MINE
Island 560 Sill
Approx. 10 cm
ISLAND 560C

ISLAND GOLD MINE
Shear and Extensional Veining
Approx. 10 cm

ISLAND GOLD MINE
Goudreau Zone
Approx. 10 cm

ISLAND GOLD MINE
Composite Longitudinal Section, Lower Zones
Approx. 10 cm
400-514-18
30.0 g/t Au / 9.55 m
400-528-10
4.79 / 2.87
400-528-09
7.44 / 8.49
400-528-10
4.44 / 6.07
GD-14-02
2.43/1.5
GD-14-01C
19.87 g/t Au / 3.93 m

ISLAND GOLD MINE
1200 meters depth
Still open at depth... GD14-01C : 19.9 g/t over a true width of 3.9 m

ISLAND GOLD MINE
Deep C Vein
DH 425-487-12: Deep C vein - smokey color + VG, NQ size.

ISLAND GOLD MINE
C Zone
C zone DH 425-487-10: 1 cm Au stringer @ 9,240 g/t

ISLAND GOLD MINE
C Zone

ISLAND GOLD MINE
C Zone
Metallurgical Tests on Island Gold Samples PU-2012-11-754
The figure above shows some measures of the largest free gold particles detected. The coarsest
gold particle was measured at 693 µm. But in general, the major part of the free gold is
in the finer size (<25 µm)
Diameter of some large free gold particles

ISLAND GOLD MINE
Facts
Higher grades have been realized in the Deep Island averaging over
8.26 g/t average in the current inferred reserve vs. the 5.6 g average mined
between 2007-2013.
Average zone width of deep resource 4.5 meters average width vs.
upper zones averaging 2.7 meters (Press release 02/05/13)
Vg hit ratio is 60% at depth as opposed to 30% in the upper levels as
calculated in the first Deep C resource estimate.
Veining more robust with increasing depth - a change from cm scale
stringers and decimeter veins evolving into decimeter and meter scale veins
with increasing depth
Structural-alteration corridor enveloping all zones appears to be
widening at depth almost from about 50 metres to 100 metres.

ISLAND GOLD MINE
Previous QA/QC Method Review
2004 RPA Technical Report on the Island Gold Deposit concludes that gold
in the Island Deposit is fine grained enough to respond well to normal fire
assay procedures.
2015 – ALS conducted a review of Island Gold Mine QA/QC and concluded
procedures were conformable or exceeded industry standards.
2016 – RPA completed a full review of estimated Mineral Resources as at
December 31, 2015.

ISLAND GOLD MINE
Previous QA/QC Method Review
Standard Reference Material inserted at rate of 1:20 in core sample
stream for exploration and 1:50 for production
Standard Reference Material inserted into every outgoing chip sample
batch (10-20 samples/batch)
Blanks inserted following visible gold core samples
Pulp and Reject laboratory cross checking routine
Duplicate chip sampling on faces
Core shack on gated mine site with limited access

Lab Expert versus Actlabs Pulp Cross Check
R² = 0.8504
0.01
0.1
1
10
100
1000
0.001 0.01 0.1 1 10 100 1000
LabExpertOriginalCoreAssayAuppm
Actlabs Recheck Au ppm
Lab Expert Core vs Actlabs Recheck

Island Gold daily Lab vs. Lab Expert Pulp Cross
Checks

ISLAND GOLD MINE
Mineral Reserves and Resources

ISLAND GOLD MINE
Longitudinal Section, Lower C Zone
Development as of December 31st, 2015

ISLAND GOLD MINE
Reconciliation of the Lower Zones
Diluted

ISLAND GOLD MINE
Histogram of the Ext C Samples

ISLAND GOLD MINE
Log Normal Probability Plot (Ext C Drill Hole Samples)

Island Gold Mine – Ops & Growth

ISLAND GOLD:
2016 Development and Mine Plan

ISLAND GOLD MINE:
Mining Methods
• Pull void is used to create void for the next blast
• Cables are used in the walls between rings for ground support

ISLAND GOLD MINE:
Mill Flowsheet -1 of 2

ISLAND GOLD MINE:
Mill Flowsheet -2 of 2

Underground Mine Productivity
ISLAND GOLD MINE:
Positioning for Growth
0.0
2.0
4.0
6.0
8.0
10.0
12.0
0
100
200
300
400
500
600
700
800
900
1000
Q414
Q115
Q215
Q315
Q415
2016E
PEA
(800tpd)
Q116
Upside
(900tpd)
Gramspertonne
Tonnesperday
Underground tpd Head grade (g/t)
Island Gold 2014 2015 Q1 2016 2016E
Underground (tpd) 601 659 853 800
Mill (tpd) 632 663 834 800
Head grade (g/t) 5.91 7.31 11.31 7.0-7.5
Recoveries (%) 96.3 96.8 96.3 96.5
(1) Fourth quarter production and mine and mill productivity: Includes a 3-week scheduled underground mine
shutdown and a 2-week scheduled mill shutdown
Tonnes mined from development ore:
• 2015: 50% / 2016E: 40% / PEA: 5%
First 2 mining horizons developed, third
horizon development in progress
3 years of mine life pre-developed
Tailings expansion complete (2.3MT)
-
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
100,000
2014 2015 2016E(1) PEA Base
Case
(800tpd)(2)
Upside
Potential
(900tpd)(3)
(1) Mid-range of 2016 guidance
Island Gold Production Upside
(2) Avg. annual production 2017-2022 (3) Permitted potential
OzAu
2016E (1) PEA Base
Case
(800tpd) (2)
Upside
Potential
(900tpd) (3)

Q1 RECORD PRODUCTION:
Positive Reconciliation to Reserve
(1) Reconciliation Mined to Reserves as of March 31st, 2016
Record production in Q1; Higher than planned grades mined
Development ore ratio strategically increased to 55% (vs. 40% planned) in Q1
Development primarily in the higher-grade second mining horizon
YTD positive grade reconciliation of 44%: (47% development / 39% stope)
30% dilution assumption for development reserves; lower dilution
from deeper, wider zones
Reserves (as of Dec 31st, 2015) Mined (reconciled) Variations (Mined vs Reserves)
Diluted
Tonnes
Diluted
Grade
Diluted
Ounces
Reconciled
Tonnes
Reconciled
Grade
Reconciled
Ounces Tonnes Grade Ounces
Total Development Q1 44,323 8.28 11,795 42,601 12.19 16,701 96% 147% 142%
Total Stope Q1 34,877 7.13 7,991 34,995 9.92 11,166 100% 139% 140%
Total U/G Q1 79,199 7.77 19,785 77,596 11.17 27,867 98% 144% 141%
Year-to-Date Reserve Reconciliation (1)

• All of Island Gold Mine operating costs are in Canadian dollars
• 2015 average exchange rate CAN $0.782 = US $1.00
2015 Cash Cost/Tonne (C$)
Total 2015 cost/tonne = C$232
0%
5%
10%
15%
20%
25%
30%
35%
$49
SG&A
$140
MINING
$35
MILLING
$8
ROYALTIES
2015 Cash Cost/Tonne (C$ %)
ISLAND GOLD MINE
Mine Cost/Tonne Breakdown

MINING UNIT COST OPPORTUNITY
UnitMiningCost
20.0% 30.0% 40.0% 50.0%
% of Development Ore of Total Ore Mined
0
50
150
Q2 2015
100
250
Long-term planned ratio
Q1 2015
200
0.0% 10.0% 60.0% 70.0% 80.0%
Historical Data
PEA – 2017/2022
2015
150
Q4 2015
100
150
Q3 2015
100
2016
150
Q1 2016
100
Near-term opportunity: lower the mining cost by returning to historical
development ratio

ISLAND GOLD MINE
Truck Test Summary
• Cat Trucks with tail gates
• Average load from U/G 20.92 metric tons
• Average loaded on surface 26.1
• Difference is 5.2 metric tons
• Cat Truck with no tail gate
• Average load from U/G 19.5 metric tons
• Average loaded on surface 24.9
• Difference is 5.4 metric tons

ISLAND GOLD MINE
Truck Test Summary: Original load – 20 Tons

ISLAND GOLD MINE
Truck Test Summary: Reloaded – 26 Tons

OTHER IMPROVEMENT INITIATIVES:
Implementation of Performance Management System – Dash Board
Workshops – Mixed Team Sessions (Operations & Supervision)
Operating Costs – Operational Strategy on Main Cost Drivers
Capital Expenditures Control – Allocation & Follow-up
Procurement Strategy on Main Cost Drivers
Dilution Control – Long-hole Stoping
Life of Mine – Optimization of Mine Plans (Expansion Scenario)
Site Admin Costs – Optimization

East
ISLAND GOLD MINE
Preliminary Economic Assessment
Resources located between 450L and 860L

• Conceptual expansion case released in H2 2016; Potential Expansion Case
to 1,150 tpd decision in H1 2017
ISLAND GOLD
PEA Overview
• Potential for increased production and lower AISC
0
200
400
600
800
1000
1200
2015 Q1 2016 PEA Base
Case
Permitted
Capacity
PEA
Expanded
Case
Tonnesperday
• Phased approach: Phase 1 (800 tpd)
• Mining from a depth of 450 to 860 metres over three long-hole mining horizons
• Excludes resources above the 450 metre level, isolated resource blocks and parallel zones
• Avg. production of approx. 78,000 gold ounces per year from 2017 to 2022 at
$552/oz cash costs
PEA Summary 2017-2022
Tonnes Milled (Mt) 1.7
Head Grade (g/t) 8.67
Mine life excl. transition period (years) 6
Daily mine production (tpd) 801
Gold recovery (%) 96.5
Production (Koz) 464.6
Average annual gold production (Koz) 78
Total operating cost ($M) 256
Average cash operating cost ($/t) 148
Average cash operating cost ($/oz) 552
Transition Period Project Capital 2015-2016 ($M) 62
Sustaining Capital ($M) (2017-2022) 40.5
Mill Expansion Opportunity

ISLAND GOLD MINE PEA 2015
Maximum Capacity
Simulation at 1,150 tpd mining rate

ISLAND GOLD MINE
Materials Handling Options
1,150 tpd plan
Option 8b- New Ramp with 1.5m wide suspended conveyor

ISLAND GOLD MINE
1,150 tpd plan

• Necessary Modifications
• Rearrange the crusher circuit including an additional cone crusher
• Replace the crusher circuit screen
• Increase the fine ore bin storage capacity
• Replace the thickener feed well and feed dilution system
• Replace slurry pumps
• Recommended Modifications
• Replace the regrind mill with a 10’ diameter mill
• Add a gravity circuit including a centrifugal bowl concentrator,
a magnetic separator and a shaking table
• Add circular screens in CIP tanks
• TOTAL PRELIMINARY COST: C$15.0M
ISLAND GOLD MINE
Expansion Projects: 1,200 tpd Processing Facilities

Island Gold Mine – Exploration

49,196
oz
MINERAL RESERVES AND RESOURCES
Richmont Mines 2015 Mineral Reserve
and Resource Estimates
December 31, 2015 December 31, 2014
Tonnes Grade Ounces Tonnes Grade Ounces
(metric) (g/t Au) (metric) (g/t Au)
ISLAND GOLD MINE
Proven Reserves2 (above -400m) 97,000 7.00 21,800 173,000 6.25 34,700
Probable Reserves2 (above -400m) 248,000 6.88 54,900 290,500 5.91 55,300
Total Proven & Probable (above -400m) 345,000 6.91 76,700 463,500 6.04 90,000
Proven Reserves2 (below -400m) 266,500 7.72 66,100 86,000 6.57 18,150
Probable Reserves2 (below -400m) 1,504,000 8.66 418,900 345,500 6.81 75,600
Total Proven & Probable (below -400m) 1,770,500 8.52 485,000 431,500 6.76 93,750
Total Proven & Probable Reserves2 2,115,500 8.26 561,700 895,000 6.39 183,750
Measured Resources (above -400m) 7,500 5.80 1,350 26,000 5.30 4,400
Indicated Resources (above -400m) 235,500 6.96 52,700 269,500 6.98 60,450
Indicated Resources3 (below -400m) 105,500 5.20 17,650 438,000 10.95 154,200
Total Measured & Indicated Resources 348,500 6.40 71,700 733,500 9.29 219,050
Inferred Resources (above -400m) 412,500 7.44 98,700 369,500 6.97 82,800
Inferred Resources3 (below -400m) 2,402,500 8.67 669,350 3,178,000 9.00 919,950
Total Inferred Resources 2,815,000 8.49 768,050 3,547,500 8.79 1,002,750
BEAUFOR MINE4
Proven Reserves2 35,600 7.31 8,350 53,000 7.13 12,100
Probable Reserves2 266,500 6.48 55,500 91,500 7.02 20,650
Total Proven and Probable Reserves 302,100 6.57 63,850 144,500 7.06 32,750
Measured Resources 109,000 5.32 18,600 111,500 5.30 19,000
Indicated Resources 734,000 6.50 153,300 805,500 6.60 170,850
Total Inferred Resources 135,000 6.44 28,000 743,000 6.51 155,600
MONIQUE MINE5
Proven Reserves2
Probable Reserves2 14,500 3.16 1,450
Total Proven & Probable Reserves2 14,500 3.16 1,450
Total Indicated Resources 107,500 4.88 16,850 107,500 4.88 16,850
WASAMAC GOLD PROPERTY6
Measured Resources 3,124,500 2.75 276,550 3,124,500 2.75 276,550
Indicated Resources 12,127,000 2.89 1,125,700 12,127,000 2.89 1,125,700
Total Measured & Indicated Resources 15,251,500 2.86 1,402,250 15,251,500 2.86 1,402,250
Total Inferred Resources 18,759,000 2.66 1,605,400 18,759,000 2.66 1,605,400
FRANCOEUR GOLD PROPERTY6, 7
TOTAL RESERVES AND RESOURCES
Proven & Probable Reserves 2,417,600 8.05 625,550 1,054,000 6.43 217,950
Measured & Indicated Resources 16,870,500 3.19 1,729,300 17,329,500 3.40 1,894,600
Inferred Resources 21,727,000 3.44 2,405,600 23,067,500 3.73 2,767,900
1. Mineral Resources presented are exclusive of Mineral Reserves. Mineral Resources that are not Mineral Reserves do
not have demonstrated economic viability.
2. In 2015, based on a gold price of 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.

49,196
oz
ISLAND GOLD MINE
C Zone, Metal factor (grade*width) as of Dec. 2015

ISLAND GOLD MINE: Exploration Program
86,500m Drilling program launched in Q4 2015; 50,050m completed to date

ISLAND GOLD MINE
Deep Directional Drilling (Phase 1)

ISLAND GOLD MINE
Near Mine Lateral Exploration

ISLAND GOLD MINE
2016 Eastern Lateral Exploration

ISLAND GOLD MINE
Planned Regional Exploration Drilling

ISLAND GOLD AREA
2016 Exploration: Kremzar Mine
Q V
- 750 m
KZ-16-02
1.93 g/t Au /13.02 m
(core length)
Surface
KZ-16-01
58.09 g/t Au /1.10 m
(core length)
KZ-16-01
0.49 g/t Au / 6.40 m
(core length)
KREMZAR MINE (Production)
0.6 MT @ 4.8 g/t Au, 47,000 oz Au
- 250 m
- 500 m
100 m
Mined Stopes
SW NE

CHRISTIAN BOURCIER
Vice-President,
Operations
P. ENG
President and
Chief Executive Officer
P. ENG
RICHMONT MINES: MANAGEMENT TEAM
RENAUD ADAMS DANIEL ADAM
Vice-President
Exploration
GEO PHD
NICOLE VEILLEUX
Vice-President
Finance
CPA, CA
JEAN BASTIEN
Island Gold Mine
General Manager
P. ENG, MBA
MARC-ANDRÉ LAVERGNE
Beaufor Mine and Camflo Mill
General Manager
P. ENG
MAXIME GRONDIN
Director,
Human Resources
CIRC
MÉLISSA TARDIF
ANNE DAY
Vice-President,
Investor Relations
MBA
STEVE BURLETON
Vice-President,
Business Development
CFA, MBA
Director,
Business Performance
Management and
Infrastructure
BSC ISE
MIGUEL MENDOZA
Lawyer and
Corporate Secretary
LLB

RICHMONT MINES: BOARD OF DIRECTORS
GREG CHAMANDY
Director
RENÉ MARION
Chairman
of the Board
P. ENG
MICHAEL PESNER
Director and Chairman of
the Audit Committee
CA
RENAUD ADAMS
Director, President
and Chief Executive Officer
P. ENG
PETER BARNES
Director
CA
ELAINE ELLINGHAM
Director
P. Geo., MBA

2016 OPERATIONAL ESTIMATES
2016 Production and Cost Guidance
2016 Capital Investment Guidance
Operational Estimates Island Gold Beaufor
2016 Consolidated
Estimates
Gold Ounces Produced 62,000-67,000 25,000-30,000 87,000-97,000
Cash Costs per Ounce (C$)(1) $900-$960 $1,000-$1,060 $930-$1,000
Sustaining Capital per Ounce (C$) $260-$290 $230-$270 $250-$280
Corporate G&A per Ounce (C$) $95-$110
All-in Sustaining Costs per Ounce (C$)(1) $1,160-$1,250 $1,230-$1,330 $1,275-$1,390
Cash Costs per Ounce (US$)(1) $660-$705 $735-$780 $680-$730
Sustaining Capital per Ounce (US$) $190-$215 $170-$195 $185-$205
Corporate G&A per Ounce (US$) $70-$80
All-in Sustaining Costs per Ounce (US$)(1) $850-$920 $905-$975 $935-$1,015
(1) Cash costs and AISC are non-GAAP measures. Refer to the Non-GAAP performance measures section in the 2015 Annual MD&A.
Material assumptions include: an average gold price of C$1,500 per ounce (US$1,100 per ounce); and a foreign exchange rate of 1.364 Canadian dollars to the US dollar.
Capital and Exploration Investment ($M) Island Gold Quebec Division
2016 Consolidated
Estimates
Sustaining Capital (C$) $17.3 $6.8 $24.1
Project Capital (C$)(3) $43.4 $ - $43.4
Company-wide Exploration (C$) $7.3(1) $1.1(2) $8.4
Sustaining Capital (US$) $12.7 $5.0 $17.7
Project Capital (US$)(3) $31.8 $ - $31.8
Company-wide Exploration (US$) $5.4 $0.8 $6.2
(1) Exploration costs required to complete the drilling programs announced in September 2015.
(2) All delineation and exploration drilling for the Beaufor Mine is included in sustaining capital and $1.1 million is related to the Quebec division outside the Beaufor property.
(3) Project Capital for Island Gold includes accelerated underground development of $25.0 million (US$18.3 million) related to the PEA and $6.0 million (US$4.4 million) related to discretionary development outside the scope of the PEA.

49,196
oz
MINERAL RESERVES AND RESOURCES
Richmont Mines 2015 Mineral Reserve
and Resource Estimates
December 31, 2015 December 31, 2014
Tonnes Grade Ounces Tonnes Grade Ounces
(metric) (g/t Au) (metric) (g/t Au)
ISLAND GOLD MINE
Proven Reserves2 (above -400m) 97,000 7.00 21,800 173,000 6.25 34,700
Probable Reserves2 (above -400m) 248,000 6.88 54,900 290,500 5.91 55,300
Total Proven & Probable (above -400m) 345,000 6.91 76,700 463,500 6.04 90,000
Proven Reserves2 (below -400m) 266,500 7.72 66,100 86,000 6.57 18,150
Probable Reserves2 (below -400m) 1,504,000 8.66 418,900 345,500 6.81 75,600
Total Proven & Probable (below -400m) 1,770,500 8.52 485,000 431,500 6.76 93,750
Total Proven & Probable Reserves2 2,115,500 8.26 561,700 895,000 6.39 183,750
Measured Resources (above -400m) 7,500 5.80 1,350 26,000 5.30 4,400
Indicated Resources (above -400m) 235,500 6.96 52,700 269,500 6.98 60,450
Indicated Resources3 (below -400m) 105,500 5.20 17,650 438,000 10.95 154,200
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
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
TOTAL RESERVES AND RESOURCES
Proven & Probable Reserves 2,417,600 8.05 625,550 1,054,000 6.43 217,950
Measured & Indicated Resources 16,870,500 3.19 1,729,300 17,329,500 3.40 1,894,600
Inferred Resources 21,727,000 3.44 2,405,600 23,067,500 3.73 2,767,900
1. Mineral Resources presented are exclusive of Mineral Reserves. Mineral Resources that are not Mineral Reserves do
not have demonstrated economic viability.
2. In 2015, based on a gold price of 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.

TOP SHAREHOLDERS
Firm Name % O/S Shares Held City
Oxbridge Group, Inc.(1) 6.93 4,020,854 Montreal
Renaissance Technologies LLC 5.95 3,484,500 New York
ZPR Investment Management Inc. 4.70 2,752,610 Orange City
Caisse de Depot et Placement du Quebec 4.66 2,730,000 Montreal
OppenheimerFunds, Inc. 3.93 2,300,000 New York
1832 Asset Management L.P. 3.72 2,175,000 Toronto
Connor, Clark & Lunn Investment Management Ltd. 3.10 1,812,714 Vancouver
RBC Global Asset Management Inc. 2.92 1,711,273 Toronto
Sentry Investments Inc. 2.76 1,615,900 Toronto
Mackenzie Financial Corporation 2.73 1,600,800 Toronto
Ruffer LLP 2.22 1,300,000 London
U.S. Global Investors, Inc. 1.88 1,100,000 San Antonio
Fiera Capital Corporation 1.70 995,789 Montreal
Fonds de Solidarité FTQ 1.68 985,600 Montreal
Eterna Investment Management Inc. 1.52 888,600 Quebec City
Picton Mahoney Asset Management 1.45 850,000 Toronto
Dimensional Fund Advisors, L.P. 1.41 825,000 Austin
Norrep Capital Management Ltd. 1.12 655,400 Calgary
Manulife Asset Management Limited 1.11 650,000 Toronto
Acadian Asset Management LLC 1.00 584,648 Boston
Formula Growth Ltd. 0.94 550,000 Montreal
AGF Investments Inc. 0.93 546,600 Toronto
BlackRock Asset Management Canada Limited 0.93 545,000 Toronto
James Investment Research Inc. 0.86 505,415 Xenia
Gabelli Funds, LLC 0.77 450,000 Rye
(1) Shares held by H. Greg Chamandy, Director– Richmont Mines

WASAMAC: ADVANCED DEVELOPMENT PROJECT
Resources Tonnes
Grade
(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
15km west of Rouyn-Noranda, Quebec
100% owned, no royalties
Close proximity to existing infrastructure
Located in the Abitibi gold mining district
Significant exploration potential
NI 43-101 PEA released in March 2012

RICHMONT MINES ASSETS
Vald’or Area – Exploration Properties

Rouyn-Noranda Area / Exploration Properties

Timmins Area / Exploration Properties

OUR VALUES
At the heart of this is a commitment to
responsibility, integrity and accountability
and the Corporation’s four corporate
values of Family, Health & Safety,
Growth and Team Work.
Health
and Safety
“Zero tolerance…”
Family
“At the heart of
what unites us…”
Richmont Mines is a family. Our
management team is easily accessible
and actively listens to our employees and their
families. Richmont has put a number of plans and
activities in place, including programs that
support work-family balance, scholarships,
and student hiring.
Health and safety is a cardinal value
of the corporation. Richmont Mines
makes every effort to safeguard the health
and safety of all of its employees. We implement
efficient health and wellness programs and
support our objectives with recognition programs.
The only truly acceptable result is zero accidents.
Team Work
“Working together...”
Richmont Mines strives to create a unified
team by encouraging the involvement and
the participation of our employees and
stakeholders. We want our employees to
enjoy working together. Every position is
important. Working together and promoting
cooperation promotes continued success and
the achievement of greater objectives.
With an objective of becoming a leading junior
gold producer in the short-term and an important
intermediate gold producer, Richmont’s growth is
supported by the development of our workforce, the
health and safety of our employees, and cultivating
good relations with the community, while having
a transparent approach, driven by integrity
and ethics.
Growth
“We are building the future…”

SUSTAINABLE BUSINESS MODEL
We believe in developing Richmont based
on the principles of sustainability,
in order to deliver sustainable and
superior value for all stakeholders
with low risk exposure
to precious metals.
Sustainable
Human Resources
Sustainable
Community Development
Sustainable
Process Improvement
Sustainable
Growth Principles
Making work life sustainable through
employee health & safety and wellness
programs, improved supervisory & operational
planning/implementation practices and skills
through training programs. Develop potential
leadership abilities through leadership program.
Promote Life in Balance; family, work and
personal development.
Reducing inefficiency and waste
through quality & performance
management by implementation of
“Lean” methods and balanced score
card approach. Advanced knowledge
and experience with energy efficiency,
sustainable waste systems & construction/
building practices.
Leadership and consulting skills for
promoting comprehensive change
toward sustainability in communities and
developing world-class relationships
with Aboriginal communities.
Developing sustainable exploration,
development, operational and financial
practices in order to deliver superior per share
value, mitigation/management of risk exposure
and discipline approach toward preserving best-
in-class balance sheet and capital structure.

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