Richmont Mines is positioning itself for sustainable growth through its quality Canadian asset base and growing production profile. In 2017, Richmont expects gold production to increase up to 15% to 120,000 ounces, while cash costs per ounce are forecast to decrease up to 8% to $640. At the Island Gold Mine, reserves increased 34% to 752,000 ounces at an 11% higher grade of 9.17 g/t gold. An expansion case preliminary economic assessment is planned in Q2 2017 to evaluate increasing throughput to 1,100 tpd.

1. POSITIONING
FOR
SUSTAINABLE
GROWTH
BMO Global Metals &
Mining Conference
Feb 26-Mar 1, 2017

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RICHMONT MINES
FORWARD-LOOKING STATEMENTS
Safe Harbor Statement & Cautionary Note to U.S. Investors Concerning Resources 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 press
release dated Jan. 31, 2017 reporting Richmont Mines Mineral Reserve and Resource estimates as of Dec. 31, 2016.
U.S. Investors are urged to consider the disclosure in our annual report on Form 20-F, File No. 001-14598, which may be obtained from
us or from the SEC’s web site: http://sec.gov/edgar.shtml.
(All amounts are in Canadian dollars, unless otherwise indicated.)

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Long-term value
Quality
asset base in Canada
Growing
production profile
Significant
exploration potential
Capital discipline &
shareholder returns
Low
shares outstanding
Decreasing
cost structure
Maximizing
per share valuation
Cash focus
Strong
Balance sheet
Favourable
CAD$ exposure
Growing
cash flow streams
ESTABLISHED CANADIAN GOLD PRODUCER
POSITIONING FOR SUSTAINABLE GROWTH
ontario

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Strong cash position supports fully
funded strategic organic growth plan
(1) As of Dec. 31, 2016.
(2) Comprised mainly of mobile equipment capital leases.
(3) Calculated using a C$:US$ exchange rate of 1.30
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
Paradigm Capital Don Blyth
PI Financial Brian Szeto
Scotia Capital Craig Johnston
TD Securities Daniel Earle
CAPITAL STRUCTURE AND COVERAGE
POSITIONING FOR SUSTAINABLE GROWTH
TSX-NYSE: RIC Share Capital
Issued & Outstanding Shares 63.1M
Fully Diluted 66.0M
Market Capital (Feb. 23/17) US$551M
CASH(1)
C$75M
(US$56M)(3)
DEBT(1,2)
C$12.5M
(US$9.6M)(3)

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• Permit amendments for 1,100 tpd expansion at Island Gold
• Appointed Rob Chausse as CFO (March 2017)
RICHMONT OPERATIONS
2016 HIGHLIGHTS
FOCUSED ON TARGETS
2016
Results
2016
Guidance(1) Scorecard
Gold produced (oz) 104,050 98,000-106,000  high end
Cash cost per oz (2) $908 $885-$945  in line
AISC per oz (2) $1,272 $1,230-$1,335  in line
Cash cost per oz (2,3) $685 $675-$720  in line
AISC per oz (2,3) $960 $935-$1,015  in line
(1) 2016 guidance revised positively driven by significantly better than expected performance from the Island Gold Mine (refer to Press Release of September 12, 2016).
(2) Refer to the Non-IFRS performance measures contained in the 2016 MD&A.
(3) Assuming an exchange rate of 1.30 Canadian dollars to 1.0 US dollar.
(4) Before changes in non-cash working capital.
C$
US$
2016 Full-Year Financial Results C$ US$
Revenue from mining operations $168.7 M $127.3 M
Adj. Operating cash flow, per share(2,4) $0.80 $0.62
Net earnings per share, basic $0.20 $0.15

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2012 2013 2014 2015 2016
MineralReserves(000’sounces)
Monique Beaufor Island Gold
Island
Gold
752 koz
Beaufor
45 koz
RICHMONT ASSETS
2016 MINERAL RESERVES AND RESOURCES
Mineral Reserves and Resources(1)(2)
(December 31, 2016) Gold Ounces ΔYoY Grade (g/t) ΔYoY
Island Gold Mine(3)
Proven & Probable Reserves 752,200 190,500 9.17 11%
Measured & Indicated Resources 91,450 19,750 5.94 (7%)
Inferred Resources 995,700 227,650 10.18 20%
Beaufor Mine
Proven & Probable Reserves 44,920 18,930 6.86 4%
Measured & Indicated Resources 83,700 88,200 7.37 16%
Inferred Resources 7,500 20,500 6.44 0%
(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 and Resources were made at the Corporation’s other properties.
(3) An NI 43-101 Technical Report for the Island Gold Mine will be filed within 45 days.
Reserves increase 34%
• 11% grade increase to 9.17 g/t
Inferred Resources increase 30%
• 20% grade increase to 10.18 g/t
• New blocks identified laterally to the
east and at depth below 1,000 m
• Low discovery cost of ~$35/oz
Island Gold Reserves Growth
Significant Reserve
Growth

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RICHMONT OUTLOOK
2017 PRODUCTION AND COST GUIDANCE
(1) Refer to the Non-IFRS performance measures contained in the 2016 MD&A.
(2) 2017 Estimates include high end of production guidance and low end of cost guidance.
For details, see Press Release dated February 2, 2017.
2017 Outlook
• up to 15% increase in production
• up to 8% decrease in costs
• Additional potential for upside
in production
2017 Key Objectives
• Positive Expansion Case PEA
900 tpd vs. 1,100 tpd fully permitted
• Planned capital investment fully funded
by operating cash flow
• Cost and operational efficiencies
• Continue Reserve and Resource growth
71,398
95,739 98,031
104,050
120,000(2)
$1,051
$866
$764
$685
$640(2)
$150
$350
$550
$750
$950
$1,150
-10,000
10,000
30,000
50,000
70,000
90,000
110,000
130,000
2013 2014 2015 2016 2017E
Annual Gold Production (oz)
Cash Costs (US$/oz)(1)
Positioned to deliver another year of
record operational performance

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146% PRODUCTION INCREASE SINCE 2013
(1) Revised positively driven by significantly better than expected performance from the Island Gold Mine (refer
to Press Release of September 12, 2016).
(2) Refer to the Non-IFRS performance measures contained in the 2016 MD&A.
(3) The revised guidance assumes an exchange rate of 1.33 for January to June and 1.30 for July to December.
Production
and Costs
2016
Results
2016
Guidance(1)
2017
Guidance
Gold production (oz) 83,323 75,000-80,000 87,000-93,000
Cash costs/oz (C$)(2) $779 $800-$840 $715-$765
AISC per oz. (C$)(2) $988 $1,040-$1,110 $945-$995
Cash costs/oz (US$)(2,3) $587 $610-$640 $550-$590
AISC per oz. (US$)(2,3) $745 $795-$845 $725-$765
Capital and
Exploration ($M)
2016
Results
2016
Guidance(1)
2017
Guidance
Sustaining Capital ($C) $17.2 $18.9 $25-$29
Project/Expansion Capital ($C) $39.9 $46.1 $33-$35
Exploration ($C) $14.8 $16.0 $16-$19
Sustaining Capital ($US) $13.0 $14.4 $19-$22
Project/Expansion Capital ($US) $30.1 $35.2 $25-$27
Exploration ($US) $11.2 $12.2 $12-$14Increasing Production
51% in 2016
~12% in 2017
Declining Cash Costs
24% lower in 2016
~8% lower in 2017
ISLAND GOLD MINE
CANADIAN HIGH GRADE UNDERGROUND MINE
Growth opportunities
1,100 tpd Expansion
Case PEA under review
Increasing reserves
at higher grades
Exploration potential
laterally and at depth
Mineral Reserves and Resources
(December 31, 2016)
Grade
(g/t)
Gold
ounces
Proven & Probable Reserves 9.17 752,200
Measured & Indicated Resources 5.94 91,450
Inferred Resources 10.18 995,700

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0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
10.0
0
200
400
600
800
1,000
1,200
Grade(g/t)
Undergroundproductivity(tpd)
Positioning the mine
for annual production rate of
+100k ounces
Multi-years of mine life
pre-developed
Increasing Production
at declining Costs
(1) Refer to the Non-IFRS performance measures contained in the 2016 MD&A..
(2) 2017 amounts represents the high-end of production guidance and low-end of cash costs guidance (see
Feb. 2, 2017 Press Release).
(3) 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.
Increasing Mine Productivity
$0
$200
$400
$600
$800
$1,000
0
20
40
60
80
100
120
CashCosts(US$)(1)
GoldProduction(koz)
0.0
2.0
4.0
6.0
8.0
10.0
0.0
0.2
0.4
0.6
0.8
1.0
1.2
2014 2015 2016 LoM Target
Grade(g/t)
GoldReserves(Moz)
Expanding Reserves
at higher Grades
(1) 2015 productivity includes a 3 week mine shutdown in the fourth quarter.
(2) Q3 2016 productivity includes 16-day electrical upgrade shutdown of the underground mine
ISLAND GOLD MINE
POSITIONING FOR GROWTH

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GOUDREAULOCHALSH ISLAND EXT
1
EXT
2
- 500 m
340 m Level
190 m Level
W E
Crown pillar
Surface
EXPANSION CASE PEA
AREA
1000 m Level
635 m Level
740 m Level
860 m Level
Third Mining Horizon
P&P 984,000 11.71 370,460
Fourth Mining Horizon
P&P 309,000 8.74 86,830
- 1,000 m
Legend
Proven Reserves
Probable Reserves
Measured & Indicated Resources
Inferred Resources
Ramps and Actual
Development
Mined Out
Planned Development
Resources in table only include Island - Lower C Zone,
Extension1 - Lower C Zone, and Extension 2 - Lower E1E Zone
200 m
620 m Level
Planned
Exploration
Drift
Total tonnes sourced:
65% stoped ore
• First horizon: 45%
• Second horizon 45%
• Third horizon 10%
35% development ore
• First horizon 25% (Ext 1 and Ext2)
• Third horizon 75% (Lower C)
5,112 m of waste development
2017 MINE PLAN
860 m Level
Planned
Exploration
Drift
( Mineral Reserves and Resources as of December 31, 2016)
First Mining Horizon
Tonnes Grade (g/t) Ounces
P&P 427,000 5.86 80,450
1
740 m Level
Explo. &
Delineation Drift
HORIZON
2
3
4
HORIZON
HORIZON
HORIZON
Outside Expansion Case PEA Area
P&P 341,000 6.89 75,500
Total Inferred Resources
Inferred 3,042,000 10.18 995,700
Second Mining Horizon
P&P 490,000 8.82 138,950
ISLAND GOLD MINE
2017 MINE DEVELOPMENT PLAN

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• 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 to 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)
ISLAND GOLD MINE
GROWTH OPPORTUNITIES

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ISLAND GOLD MINE
2017 DRILLING PROGRAM
620 m Level Planned
Exploration Drift
860 m Level Planned
Exploration Drift
GOUDREAULOCHALSH ISLAND EXT1 EXT2
- 500 m
- 1,500 m
W E
340 m Level
190 m Level
740 m Level
Explo. & Delineation Drift
- 1,000 m
200 m
Mineralized trend
GD-630-01
31.19/3.43
GD-620-01
24.57/1.26
2017 DELINEATION
DRILLING 30,000 m
2017 DEEP
EXPLORATION
DRILLING
41,000 m
Proven Reserves
Probable Reserves
Indicated Resources
Inferred Resources
Inferred Resources (B, D, G, G1 Zones)
Ramps and Actual Development
Mined Out
Planned Development
Legend
**** Mineral Reserves and Resources
as of December 31, 2016)
2017
DELINEATION
DRILLING 7,000 m
2017 SURFACE/
UNDERGROUND
EXPLORATION
DRILLING
25,000 m

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ISLAND GOLD MINE
REGIONAL EXPLORATION: FINDING THE NEXT MINE

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1) Includes 1,165 ounces
produced from the Monique
Mine in January 2016.
2) Refer to the Non-IFRS
performance measures
contained in the 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. 2017
guidance assumes an
exchange rate of 1.30
Canadian dollars to 1.0 US
dollar.
5) Refer to full 2016 Reserve
and Resource information at
the end of this presentation.
6) For positive revision details
rrefer to Press Release of
September 12, 2016.
Full-Year
2016
2016
Guidance(6)
2017
Guidance
Gold production (oz) 20,727(1) 23,000-26,000(1) 23,000 - 27,000
Cash costs/oz (C$)(2) $1,429(3) $1,150-$1,300(3) $1,265 - $1,320
AISC per oz. (C$)(2) $1,816(3) $1,420-$1,610(3) $1,540 - $1,590
Cash costs/oz (US$)(2)(4) $1,079(3) $875-$1,000(3) $975 - $1,015
AISC per oz. (US$)(2)(4) $1,371(3) $1,080-$1,235(3) $1,185 - $1,225
Capital and Exploration
Full-Year
2016
2016
Guidance(6)
2017
Guidance
Sustaining Capital (C$M) $7.9 $7 $6-7
Sustaining Capital (US$M) $5.9 $5.3 $5-6
2016 Reserves and Resources Grade g/t Gold Ounces
Reserves (oz)(5)/Grade (g/t) 6.86 44,920
M&I (oz)(5) /Grade (g/t) 7.37 83,700
Inferred (oz)(5)/Grade (g/t) 6.44 7,500
BEAUFOR MINE & CAMFLO MILL
CANADIAN ASSETS IN QUEBEC
H2 2016 Increases in:
• Underground tpd
• Gold production
• Grade
2017 Plan
Continue to increase
mining in higher-
grade Q zone
Camflo Mill
1,200 tpd capacity
provides toll milling
opportunities

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1.4x
1.3x
1.0x 1.0x 1.0x
0.8x 0.8x 0.8x
0.6x
0.4x
Klondex
Wesdome
Guyana
Goldfields
Roxgold
Richmont
Teranga
Premier
Gold
Argonaut
Timmins
Gold
Primero
Au Eq. Reserves per 1,000 Shares (oz)
21 21
16
15
13
6
3 3
2 2
Argonaut
Guyana
Goldfields
Primero
Premier
Gold
Richmont
Teranga
Klondex
Wesdome
Roxgold
Timmins
Gold
Source: Company disclosure, Fact Set and available street research.
Notes: Resources shown inclusive of reserves. Au Eq. figures calculated using LT consensus price estimates.
Richmont based on mid-point of 2017 guidance only. Per share figures based on basic shares.
2017 Gold Production per 1,000 Shares (oz) Consensus P/NAV
1.8
1.2
1.0 0.9
0.7
0.7
0.4 0.4
0.3
0.2
Richmont
Klondex
Guyana
Goldfields
Primero
Argonaut
Premier
Gold
Wesdome
Teranga
Roxgold
Timmins
Gold
Au Eq. Resources per 1,000 Shares (oz)
79
62
50
43 43
39
15 15
9
3
Richmont
Argonaut
Guyana
Goldfields
Premier
Gold
Primero
Wesdome
Teranga
Klondex
Timmins
Gold
Roxgold
RICHMONT MINES
PEER COMPARATIVES
Upside potential
Upside potential

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Long-term value
Quality
asset base in Canada
Growing
production profile
Significant
exploration potential
Capital discipline &
shareholder returns
Low
shares outstanding
Decreasing
cost structure
Maximizing
per share valuation
Cash focus
Strong
Balance sheet
Favourable
CAD$ exposure
Growing
cash flow streams
ESTABLISHED CANADIAN GOLD PRODUCER
POSITIONING FOR SUSTAINABLE GROWTH
ontario

17. www.richmont-mines.com
APPENDIX

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

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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
RICHMONT MINES
BOARD OF DIRECTORS

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2017 GUIDANCE Island Gold Mine Beaufor Mine Company-wide
Gold Production (ounces) 87,000 - 93,000 23,000 - 27,000 110,000 - 120,000
Cost Estimates
C$/oz
Cash Costs (1) $715 - $765 $1,265 - $1,320 $835 - $885
Corporate G&A - - $105 - $110
All-in Sustaining Costs (1) $945 - $995 $1,540 - $1,590 $1,180 - $1,235
US$/oz
Cash Costs (1)(2) $550 - $590 $975 - $1,015 $640 - $680
Corporate G&A (2) - - $80 - $85
All-in Sustaining Costs (1)(2) $725 - $765 $1,185 - $1,225 $905 - $950
Capital Investment Estimates
C$(M)
Sustaining Capital $19 - $22 $6 - $7 $25 - $29
Expansion Capital (3) $33 - $35 - $33 - $35
Exploration & Project Evaluation $14 - $16 $2 - $3 $16 - $19
US$(M)
Sustaining Capital(2) $15 - $17 $5 - $6 $19 - $22
Expansion Capital(2)(3) $25 - $27 - $25 - $27
Exploration & Project Evaluation (2) $11 - $12 $1 - $2 $12 - $14
(1) Cash costs and all-in sustaining costs (“AISC”) are non-IFRS measures. Refer to the Non-IFRS Performance Measures in the 2016 MD&A.
(2) Assuming an exchange rate of 1.30 Canadian dollars to 1.0 US dollar.
(3) Expansion capital estimates for 2017 relate exclusively to the Island Gold Mine and are discretionary in nature. Ongoing deployment of project capital
at the Island Gold Mine is contingent upon the receipt of a confirmatory Preliminary Economic Assessment (“PEA”) for 1,100 tonnes per day and a
minimum sustaining gold price of C$1,550 per ounce. Expansion capital is exclusive of capital requirements related to a mill expansion in 2018 as
contemplated in the PEA.
RICHMONT TARGETS
2017 PRODUCTION AND COST GUIDANCE

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1. Mineral Resources presented are exclusive of Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
2. In 2016, based on a gold price of CAN$1,500/oz; in 2015, based on a gold price of US$1,080/oz and an exchange rate of CAN$1.2037 = US$1.00.
3. Underground Mineral Resources established as of December 31, 2012.
4. Monique Mineral Resources are located underground directly below the open-pit.
5. The Francoeur Mine closed in November 2012 and was sold in 2016.
Richmont Mines 2016 Mineral Reserve
and Resource Estimates
December 31, 2016 December 31, 2015
Tonnes Grade Gold
Ounces
Tonnes Grade Gold
Ounces(metric) (g/t Au) (metric) (g/t Au)
ISLAND GOLD MINE
Proven Reserves2 573,000 8.68 159,800 363,500 7.53 87,900
Probable Reserves2 1,978,000 9.31 592,400 1,752,000 8.41 473,800
Total Proven & Probable Reserves2 2,551,000 9.17 752,200 2,115,500 8.26 561,700
Measured Resources 33,500 4.94 5,350 7,500 5.80 1,350
Indicated Resources 445,500 6.01 86,100 341,000 6.42 70,350
Total Measured & Indicated Resources 479,000 5.94 91,450 348,500 6.40 71,700
Total Inferred Resources 3,042,000 10.18 995,700 2,815,000 8.49 768,050
BEAUFOR MINE4
Proven Reserves2 32,000 6.77 7,010 35,600 7.31 8,350
Probable Reserves2 171,500 6.87 37,910 266,500 6.48 55,500
Total Proven and Probable Reserves 203,500 6.86 44,920 302,100 6.57 63,850
Measured Resources 53,000 6.27 10,700 109,000 5.32 18,600
Indicated Resources 300,000 7.57 73,000 734,000 6.50 153,300
Total Measured & Indicated Resources 353,000 7.37 83,700 843,000 6.34 171,900
Total Inferred Resources 36,000 6.44 7,500 135,000 6.44 28,000
MONIQUE MINE5
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
Indicated Resources - - - 280,000 6.55 59,000
Total Measured & Indicated Resources - - - 320,000 6.47 66,600
Total Inferred Resources - - - 18,000 7.17 4,150
TOTAL RESERVES AND RESOURCES
Proven & Probable Reserves 2,754,500 9.00 797,120 2,417,600 8.05 625,550
Measured & Indicated Resources 16,191,000 3.06 1,594,250 16,870,500 3.19 1,729,300
Inferred Resources 21,837,000 3.72 2,608,600 21,727,000 3.44 2,405,600
RICHMONT MINES
MINERAL RESERVES AND RESOURCES

22. 22
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Firm Name % O/S Shares Held City
Van Eck Associates Corporation 11.68 7,363,410 New York
Renaissance Technologies LLC 6.13 3,863,000 New York
RBC Global Asset Management Inc. 6.11 3,850,000 Toronto
Connor, Clark & Lunn Investment Management Ltd. 5.04 3,174,464 Vancouver
1832 Asset Management L.P. 3.91 2,466,900 Toronto
Sprott Asset Management LP 3.15 1,988,536 Toronto
BMO Asset Management Inc. 3.13 1,975,600 Toronto
Sentry Investments Inc. 2.96 1,864,400 Toronto
Montrusco Bolton Investments Inc. 2.58 1,628,676 Montreal
OppenheimerFunds, Inc. 2.52 1,590,000 New York
Arrowstreet Capital, Limited Partnership 2.26 1,425,419 Boston
Tocqueville Asset Management LP 2.08 1,310,500 New York
Manulife Asset Management Limited 1.98 1,250,000 Toronto
Mackenzie Financial Corporation 1.92 1,213,000 Toronto
CIBC Asset Management Inc. 1.73 1,089,080 Montreal
Fonds de Solidarité FTQ 1.56 985,600 Montreal
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
ZPR Investment Management Inc. 1.29 812,020 Orange City
Ruffer LLP 1.27 800,000 London
BlackRock Institutional Trust Company, N.A. 1.19 750,000 San Francisco
GWL Investment Management Ltd. 1.17 734,337 Winnipeg
Gabelli Funds, LLC 1.14 720,000 Rye
Greystone Managed Investments Inc. 1.09 687,970 Regina
As of Feb. 20, 2017. Source: Nasdaq IR Insight
RICHMONT MINES
TOP INSTITUTIONAL SHAREHOLDERS

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2000 100
meters
14000mE
4400m
4900m
3900m
W EGOUDREAULOCHALSH 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
60
30
15
7.5
0
Au Metal Factor
Grade (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
20.38/2.31
MH3-2
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
5.47/9.00
GD-590-02
33.32/2.6
190 m Level
340 m Level
ISLAND GOLD MINE
C ZONE – GOLD METAL FACTOR (grade x true width)
July 6, 2016

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New capping 225 g/t Au
Assays Island C Lower
ISLAND GOLD MINE
NEW CAPPING/ISLAND C LOWER ZONE July 6, 2016

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New capping 225 g/t Au
Assays Island C LowerLog Normal Probability Plot
ISLAND GOLD MINE
NEW CAPPING/ISLAND C LOWER ZONE
December 31, 2016

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ISLAND GOLD MINE
2016 NEAR-MINE DELINEATION DRILLING

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ISLAND GOLD MINE
NEAR-MINE EXPLORATION DRILLING

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DEEP INFILL
DRILLING
DEEP DIRECTIONAL
EXPLORATION
DRILLING
15,500mE
15,000mE
+ 400-528-10
4.44/6.07
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
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
Dyke
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
4.29/2.75
400-528-10
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 DEEP
INFILL DRILLING
5,000 m
ISLAND GOLD MINE
DEEP DIRECTIONAL DRILLING
(Phase 2)

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Dyke
16,000mE
340 m Level
190 m Level
100 m
+ 400-528-10
4.44/6.07
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
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
4.94/2.63
GD-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
33.32/2.6
GD-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
LATERAL
DRILLING
INFILL
DRILLING
H2 2016
INFILL DRILLING
ISLAND GOLD MINE
2016 EASTERN LATERAL
EXPLORATION

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ISLAND GOLD MINE
WESTERN LATERAL EXPLORATION

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(1) Refer to full 2014 Reserve and Resource information at the end of this presentation
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
Base case parameters: Gold price per ounce of US$1,300 or
C$1,350 using a C$:US$ exchange rate of 1.04.
March 2012 PEA Summary (C$)
Mine life 14
Daily mine production (tpd) 6,000
Total Production (Koz) 1,750
Average annual gold production (Koz) 140
Average cash operating cost (C$/t) 46
Average cash operating cost (C$/oz) 716
Total Capital (C$M) 680
NPV5% (C$M) 71
IRR(5%) (%) 7
• IRR of 14% at C$1,650/oz. gold
• (current 60-day avg. of ~C$1,660/oz)
• Potential to improve base case economics
• Potential technical and operational
enhancements
• Abitibi gold mining district
• 15km west of Rouyn-Noranda, Quebec
• 100% owned, no royalties
• Close proximity to existing infrastructure
• Significant exploration potential
• NI 43-101 PEAreleased in March 2012
WASAMAC
ADVANCED DEVELOPMENT PROJECT

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RICHMONT MINESASSETS
VALD’ORAREA– EXPLORATION PROPERTIES

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RICHMONT MINES ASSETS
TIMMINS AREA / EXPLORATION PROPERTIES

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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
OUR VISION AND STRATEGY

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RICHMONT MINES
OUR VALUES

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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.
RICHMONT MINES
SUSTAINABLE BUSINESS MODEL

37. www.richmont-mines.com