Island Gold Mine Site Visit Highlights

Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
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TSX – NYSE MKT: RIC
www.richmont-mines.com
Island Gold Mine
Site Visit May 27, 2015

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2
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 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 mineral resource estimates in this presentation were prepared in accordance with Regulation 43-101
adopted by the Canadian Securities Administrators. The requirements of Regulation 43-101 differ
significantly from the requirements of the United States Securities and Exchange Commission (the “SEC”). In
this presentation, we use the terms “Measured”, “Indicated” and “Inferred” Resources. Although these terms
are recognized and required in Canada, the SEC does not recognize them. The SEC permits U.S. mining
companies, in their filings with the SEC, to disclose only those mineral deposits that constitute “Reserves”.
Under United States standards, mineralization may not be classified as a Reserve unless the determination
has been made that the mineralization could be economically and legally extracted at the time the
determination is made. United States investors should not assume that all or any portion of a Measured or
Indicated Resource will ever be converted into “Reserves”. Further, “Inferred Resources” have a great
amount of uncertainty as to their existence and whether they can be mined economically or legally, and
United States investors should not assume that “Inferred Resources” exist or can be legally or economically
mined, or that they will ever be upgraded to a higher category.
U.S. Investors are urged to consider the disclosure in our annual report on Form 20-F, File No. 001-14598,
which may be obtained from us or from the SEC’s web site: http://sec.gov/edgar.shtml.
TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines

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Island Gold Mine
May 27 Site Visit - Agenda
TSX - NYSE MKT: RIC 3Copyright 2015 by Richmont Mines
1. Welcome & Safety Induction
2. Presentations A. Introduction
Renaud Adams, President CEO
B. Workforce and Health Safety
Sylvain Drolet, Health & Safety Superintendent
C. Sustainability Community
Jean Bastien, Mine Manager
D. Geology Exploration
Doug Mac Millan, Senior Geologist
Raynald Vincent, Chief Geologist
E. Operations
Jean Bastien, Mine Manager
Jacques Proulx, Asst. Mine Manager
F. Development Plans
Renaud Adams, President CEO
3. Lunch and Q&A
4. Underground visit
5. Mill tour
6. Core shack
7. Departure

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Copyright 2015 by
RichmontMines
TSX - 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 instructionsfrom your tour guide and
regroup in the gathering areabeside the parkinglot. Eacharea is equipped
with fire extinguisher
When your outside of the building, PPE should be worn at all times
1. Hard hat
2. Safetyglasses
3. Reflecting vest
4. Safetyboots
Stay with your guide at all times.If for any reason you lose contactSTAY
WHERE YOU ARE and your tour guide will find you.
In case of emergency,stay calm and follow your tour guide’sinstructions.
No horseplay is toleratedat any time.
Island Gold Mine
Safety Induction – Main Buildings Surface

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Island Gold Mine
Safety Induction - Underground
Undergroundand surface safety requirements:
1. Tag in prior to going underground
2. Do not exit from vehicles in motion
3. Use points of contact rule when entering/exiting
vehicle
4. Stay with the group at all times
5. Follow the instructions of your guide in an
emergency situation
6. Watch for uneven ground and report any unsafe
conditions
7. Tag out when leaving underground
Medical clinic and help available at all times.

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Introduction
Presented by:
Renaud Adams
President CEO

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Island Gold Mine
Mineralized zones
TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines 7
RICHMONT MINES
203 Mining Titles
7,168 hectares
Emily Bay
Showing
Argonaut
1,968 he
Dubreuilville
2 km
Island Gold Mine
Management Team
Jean Bastien, Eng., MBA Sylvain Drolet
MINE MANAGER HEALTH AND SAFETY SUPERINTENDENT
Jacques Proulx, Mining Technician Raynald Vincent, Eng., M.G.P.
ASSISTANT MINE MANAGER CHIEF GEOLOGIST
Marc Leclair Don Lachapelle
UNDERGROUND SUPERINTENDENT MAINTENANCE SUPERINTENDENT
Peter Massi Daniel Vachon
MILL SUPERINTENDENT CHIEF MINE ENGINEER
Sylvie Belisle
H.R. SUPERINTENDENT
7

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TSX - NYSE MKT: RIC 8
Island Gold Mine
Location Map
Copyright 2015 by Richmont Mines

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Island Gold Mine
Regional Setting

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Island Gold Mine
Site Map Infrastructure

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Ego Deposit
Emily Bay
Showing
Argonaut 1,968 hc.
Dubreuilville
km
RICHMONT MINES PROPERTIES
OTHER
OWNERS
Portal Main
Ramp
ISLAND GOLD MINE
Cline
Edwards
Magino
Richmont Mines Inc.
Island Gold Mine Land Tenure
RICHMONT MINES
216 Mining Titles
7,696 hectares

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Crown pillar
W E
- 1,000 m
- 500 m
GOUDREAULOCHALSH ISLAND EXT1 EXT2
2015 Planned Ramp and Drift Development
Conceptual Development
2015 Planned Ore Development
12TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
Island Gold Mine
Extending Mine Life at Depth....
2015 Stoping
Mined out
Reserves – Resources 31/12/14
Actual Ramp and Drifts
190 Level

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Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 13
• Consolidated ownership of claims
• Reaffirmed future growth potential of extension at depth
with step-out exploration drilling
• Infrastructure development significantly advanced
• Established estimated Mineral Reserves1
below 400
metres
(1) Mineral Reserves are exclusive of Resources. In 2014,based on gold priceof US$1,200/oz and an exchange
rate of CAN$1.0833 US$1.00.
Island Gold Mine
2014 - Reshaping for Future Growth

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Island Gold Mine
2015 – Beginning transformational year
SHAREHOLDER SCORECARD:
1. Ramp development: complete
planned accelerated development of
ramps, and related electrical, water
management work
2. 620 metre level drift: complete
definition/delineation drilling to
upgrade to M&I and then to Reserves
3. Exploration drilling grow Resource
base via 61,000 metres of drilling
4. Mining milling studies: complete
studies and internal review by year-
end 2015 to determine long-term
growth scenario.
5. Fixed assets equipment: make
targeted and strategic investments to
position the mine for game-changing
growth.
Main ramp at -675 m
East ramp at -470 m
Drift extended to 290 m
4,378 delineation drilling
3,331 of exploration drilling
Drilling focused in 2nd half/15
Studies initiated
Preliminary results: Q3 2015
Electrical water pumping lines
More upgrades in Q2/Q3
Q1 2015 PROGRESSOBJECTIVE
Main ramp to -750
metres, 2nd ramp to
-570 metres
Extend drift to 600
metres; complete
59,000 of drilling
Evaluate eastern
extension potential
Evaluating base case
and alternative
mine/mill options
Repositioning
asset upgrade
investments

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2015 Forecast Gold ounce sales 45,000 – 50,000
Guidance Cash cost
1,4
oz CAN$935-$1,035 (US$850 - $940)
AISC
2,4
oz CAN$1,350 - $1,495 (US$1,230 - $1,360)
Q1 2015 Gold ounces produced 10,764
Gold ounce sales 8,923
Cash cost
1
/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 performancedatafor
FY2013 FY2014 arebased on ounces sold. For Q1 2015, tonnes, gold recovery and head grade data are based on ouncesproduced. (4) Assuming
exchange rate of CAN$1.00 US$0.91 (US$1.00 CAN$1.10).
ISLAND GOLD MINE3 FY 2013
12 moended Dec.31
FY2014
12 moended Dec 31
Q1 2015
mo ended Mar31
Tonnes 244,631 233,202 43,785
Gold recovery (%) 96.1% 96.3% 97.2%
Head grade 4.65 g/t 5.83 g/t 7.87 g/t
Gold ounces sold 35,113 42,078 8,923
Avg. cash cost/oz (US$)
1
1,092 889 1,139
Avg. sales price/oz (US$) 1,392 1,266 1,211
Island Gold Mine
2015 Guidance

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Workforce
Health Safety
Presented by:
Sylvain Drolet
Health and Safety Superintendent

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Island Gold Mine
Workforce Statistics
74%
26%
% Local % Non-Local
Totalmine site workforce of384:
225 employees(164 hourly, 61 staff)
159 contractors
Workforce– local vs. non-localbreakdown:
Successfully increasinglocal workforce
Low turnover rate
53%47%
% Local % Non-Local
2008 2014

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Island Gold Mine
Health Safety
• 4.5 years without lost time accident
• Mine rescue competition:
Mine District Champion in 2014
First Aid Champion years in row (2013-2015)

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

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Sustainability &
Community
Presented by:
Jean Bastien
Mine Manager

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• No major non-compliance registeredin 2014
• Working on permitting for additional lift for tailing storage facilities,
which would provide an additional minimum 6 years of storage at
current mill capacityof 800 tpd
• Potentialfor continuousdischarge,which would add additional2 years
• Construction planned for second half of 2015; associated cost is
included in 2015 sustaining capitalguidance.
Island Gold Mine
Environment Sustainability

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Island Gold Mine
Community
First Nations relationships:
• Michipicoten
• MissanabieCree
Local community of Dubreuilville:
• 17 km away from mine site
• Totalpopulation of 900
• Dubreuilvilleand Bunkhouse: 80 rooms + kitchenfacility

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Geology &
Exploration
Presented by:
Doug Mac Millan
Senior Geologist
Raynald Vincent
Chief Geologist

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Lake Superior
Marathon
White River
17
25 km
Island Gold Mine
Wawa Geological Sub-province
Wawa
HEMLO
RENABIE
MISHI EDWARDS
ISLAND GOLD
MINE
ProterozoicPlutonic and Volcanic Rocks
Archean Granitoid Plutons
Archean Metasedimentary Terranes
Archean Greenstone Terranes
Fault
Gold Past Producer
Gold Producer
SUGAR ZONESCHREIBER
EAGLE RIVER

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Wawa
Lake Superior
17
10 km
Dubreuilville
519
RENABIE
MISHI
EAGLE RIVER
EDWARDS
ISLAND GOLD
MINE
Archean Granitoid Plutons
Archean GreenstoneTerranes
Fault
Gold Showing
Gold Past Producer
Gold Producer
MINE
Island Gold
Magino
Kremzar
Edwards
Cline
Renabie
Wawa Area
Eagle River
1,675,000
803,000
306,000
390,000
300,000
5,584,000
478,000
3,300,000
5.6
4.4
4.8
11.2
6.5
7.2
7.8
9.3
307,000
114,000
47,000
140,000
63,000
1,100,000
119,000
962,000
MINE TONNAGE AU g/t OUNCES
MAGINO
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Past Production 2,800,000 ozs Au
Island Gold Mine
Wawa Gold Camp

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Mill
EDWARDS
Production 0,5 MT 11.0 g/t Au
144 000 oz Au
CLINE
63 000 oz Au
1 km
Lochalsh
Gold Showing
KREMZAR
47 000 oz Au
ISLAND GOLD MINE (31/12/2014)
Proven & Probable Reserves : 895,000 6.39 g/t Au
183,750 oz Au
Measured & Indicated Resources: 733,500 9.29 g/t Au
219,050 oz Au
Inferred Resources: 3,547,500 8.79 g/t Au
1,002,750 oz Au
Goudreau
Closed Gold Mine
Producing Gold Mine
Richmont Properties
MAGINO
114 000 oz Au
DEEP ZONE
Island Gold Mine
Holdings in Area
26

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Island Gold Mine
Goudreau Lake Deformation Zone
5 km
N

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Island Gold Mine
Showings and Deposits

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Island Gold Mine
2014 Mineral Reserves and Resources
TOTAL RESERVES AND RESOURCES
Proven & Probable reserves : 895,000 T @ 6.39 g/t Au
183,750 oz Au
Measured & Indicated resources: 733,500 T @ 9.29 g/t Au
219,050 oz Au
Inferred resources: 3,547,500 T @ 8.79 g/t Au
1,002,750 oz Au
-500m
Crown pillar
W E
-1000m
250m
Proven Reserves
Probable Reserves
Indicated Resources
C Zone Indicated &
Inferred Resources
Mined Out
Au g/t / true thickness (metres)

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Island Gold Mine
Isometric View
515L to 635L
N
E
Lochalsh Island Zone
Extension1
Extn 2
Goudreau Zone

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Island Gold Mine
Isometric View
N
620 Exploration drift
E
Goudreau Extn 2 Extension 1 Island Zone
Lochalsh

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2000 100
meters
4900m
Island Gold Mine
Zone - Metal factor (grade width)
Crown pillar
W E
- 1,000 m
- 500 m
LOCHALSH ISLAND EXT1 EXT2
Interpreted plunge of deposit axis
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Cut off
(3.75 g/t Au 2.0 m)
327
30
20
10
5
0
Metal Factor
Grade (g Au/t) true width (metres)
Average mining grade
(5.84 g/t Au 2.4 m)
11.25g/tAu / 6.56m
13.3g/t Au / 3.6m
19.8g/t Au / 3.93m

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2000 100
meters
4900m
Island Gold Mine
Zone – Grade (g/t Au)
Cut Grade
(95g/t Au)
Crown pillar
W E
- 1,000 m
- 500 m

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Island Gold Mine
Zone – True width (metres)
2000 100
meters
4900m
Crown pillar
W E
- 1,000 m
- 500 m
True width (metres)

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Island Gold Mine
Schematic Section of Main Mineralized Zones
Overburden
535 Level
620 Level
Island Main
mineralized zones
Inflection
Island Lower
mineralized zones
Actual ramp
and drifts
Crown pillar
-500m
-750m
-250m

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Island Gold Mine
Section 14940E 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

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Planned Dev.
Island Gold Mine
Plan View – 675 Level
Composite Longitudinal Section
Level 675
675 Level Plan
Zone
W E
100m
620 Exploration Level
ISLAND EXT 1 EXT 2
Island Gold Lower
Resources

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Island Gold Mine
Typical Section – Looking West
Crown
pillar
-500m
-750m
-250m
Crown
pillar
-1,000m
Island Lower
mineralized zones
Mafic dykes
14960E
Section
14740E
Section
Mafic dykes
Island Lower
mineralized zones

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Island Gold Mine
Shear and Extensional Veining

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Island Gold Mine
Goudreau Zone Gold Vein

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Island Gold Mine
Island 560 Sill
ISLAND 560C
Approx. 13 cm

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Island Gold Mine
Composite Longitudinal Section, Lower Zones
400-514-18
30.0 g/t Au 9.55 m
TOTAL RESERVES AND RESOURCES
Proven Probable Reserves
895,000 6.39 g/t Au, 183,750 oz Au
Measured Indicated Resources:
733,500 9.29 g/t Au, 219,050 oz Au
Inferred Resources:
3,547,500 8.79 g/t Au 1,002,750 oz Au
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-14-10C
19.87 g/t Au 3.93 m

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

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DH 400-514-18: 30.06G/9.55M -950M ELEV.
Smokey quartz vein 4.5 metres wide, weak development of accompanying
stringers, vertical zonation of veining style from sheeted veinlets +/- decimeter
scale veins in upper levels to up to 2.0 metres veins at depth.
Island Gold Mine
Display Core Zone
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Still open at depth... GD14-01C 19.9 g/t Au over true width of 3.9 m
1,200 metres below

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DH 425-487-12: NICE DEEP VEIN - SMOKEY COLOR VG, NQ SIZE.
Island Gold Mine
Display Core Zone
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Island Gold Mine
Display Core Zone
DH 425-487-18
CM AU STRINGER AT 9,240 G/T AU
SAMPLE LENGTH OF 30 CM.

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Island Gold Mine
Description of Gold Particles

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Island Gold Mine
Previous QA/QC Pulp Metallic 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: RPA completed a full review of estimated
Mineral Resources as at December 31, 2014.

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Copyright 2015by Richmont Mines 50TSX - NYSE MKT: RIC
Island Gold Mine
Quality Assurance Quality Control
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)
Coarse field blanks inserted after all visible gold core
samples
Pulp and Reject laboratory cross checking routine
Duplicate chip sampling on faces and core ongoing
Core shack on gated mine site with limited access

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Island Gold Mine
Actlabs vs. Lab Expert Reject Cross Checks

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Island Gold Mine
Mineral Reserves and Resources
Goudreau 215 G2
Goudreau
Island 560 C
Approx. 13 cm
Upper Island D

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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, priceof US$1,225/oz and an exchange rate of CAN$1.06=US$1.00 were
used. (3) Underground Resourcesestablished for the Zone and six other lateral zones below vertical depth of -400 metres.
Mineral resources were estimated by 3D block modelingwith blocks of 5m 5m for the Upper part and blocks of 10m 10m x 5m for the lower part
of the mine. Gradeestimation was doneby ordinary Kriging or ID2
53
MINERAL RESERVES
RESOURCES
1
AS OF DEC 31, 2014 AS OF DEC 31, 2013
Tonnes
(metric)
Grade
(g/t Au)
Au ozs
contained
Tonnes
(metric)
Grade
(g/t Au)
Au ozs
contained
Island
Gold
Mine
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 Mine
Mineral Estimated Reserves Resources
TSX - NYSE MKT: RIC

54
Copyright 2015 by Richmont Mines 54TSX - NYSE MKT: RIC
Island Gold Mine
Resource Drilling Parameters
Measured Resources:
DDH Spacing: 20 metresand less
within 8 metresof an U/G opening(raise, sill, stope)
Indicated Resources:
DDH Spacing: 20-25 metres
no U/G openings, good continuityof mineralization
Inferred Resources:
DDH Spacing: more than 25 metres, widerspacing
Limit of resources block defined on longitudinal section with a
maximum of30 metres from a DDH

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190 Level
Crown pillar
W E
- 1,000 m
- 500 m
2015 Planned Ore Development 2015 Mining Area
Mined out
Resources 31/12/2014 Actual Ramp and Drifts
Extend ramp systems
Exploration/definition
drift on the -620 level
Reserves 31/12/2014
Dyke
Dyke
Drill hole intersections+

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Island Gold Mine
Highlights 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.

57
Island Gold Mine
2015 Planned Development Drilling Activities
190 Level
Crown pillar
W E
- 1,000 m
- 500 m
Definition drilling14,500
2015 Stoping
Mined out
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2015 PLANNED DRILLING
Drilling will define delineate between
-500 metres and -1,000 metres
Delineation drilling 44,500 m
2015 OBJECTIVES
1. Extend main access ramp to -750 m
2. Extend East Ramp to -570 m
3. Extend 620 level drift to ~600 length

58
hgb
Island Gold Mine
2015 Planned Exploration Drilling
190 Level
Crown pillar
W E
- 1,000 m
- 500 m
Underground exploration 41,000 m
Surface exploration 20,000
Mined out
Reserves – Resources
31/12/2014
400-528-09
7.44 / 8.49
400-528-10
4.44 / 6.07
400-528-10
4.79 / 2.87
GD-14-01C
19.87 / 3.93
C Zone Intersections (Au cut 95 g/t)
Au g/t / true thickness (metres)
2015 Exploration drift
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Drill Targets
2015 PLANNED DRILLING
Drilling will test eastern down plunge
extension and areas closer to surface.
Previous holes

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Operations
Presented by:
Jean Bastien
Mine Manager
Jacques Proulx
Assistant Mine Manager

60
Island Gold Mine
Mining Methods
Production Drilling
1.5mx1.5m spacing
2½”
Slot Raise 1.8mx1.8m
Miningis done using long-hole stoping
100% long-hole stoping anticipatedfor below 400 metres

61
61
Island Gold Mine
Mine Sequencing
Pull void is used to createvoid for the next blast
Cables are used in the walls betweenrings for ground support

62
Island Gold Mine
Mill Details
0.8 km from the ramp portal
CIP gold milling process
CRUSHING GRINDING LEACHING CIP CIRCUIT STRIPPING ELECTROWINNING REFINING
All incurred costs are in Canadian dollars
Current capacity of 850 tpd
2014 scoping study determined that the mill can be expanded to
1,200 tpd, at cost of $20 million
Jaw crusher and cone crusher replaced in 2014
Screening capacity will be increased in 2015

63
Island Gold Mine
Mill Flowsheet – 1 of 2

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Island Gold Mine
Mill Flowsheet – 2 of 2

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Island Gold Mine
Mill Production Opportunity
2015 objective:fill the mill to rated capacityof 800 tpd (basedon 365 days)
400
450
500
550
600
650
700
750
800
850
900
2010 2011 2012 2013 2014 Q1 2015
Average tonnes per day

66
66Copyright 2015 by Richmont Mines
Island Gold Mine
Mine Cost/Tonne Breakdown – FY 2014
All of Island Gold Mine operating costs are in Canadian dollars
2014 average exchange rate CAN $0.9054 US $1.00
$97
$36
$36
$8
Mining Surface administration
Milling Royalties
2014 Cash Cost/Tonne (CAN$)
Total 2014 cost/tonne CAN$177
2014 Cash Cost/Tonne (CAN$, in %)
0%
5%
10%
15%
20%
25%
30%
35%
TSX - NYSE MKT: RIC

67
67Copyright 2015 by Richmont Mines
Island Gold Mine
Mining Unit Cost Opportunity
TSX - NYSE MKT: RIC
Near-termopportunity: lower the mining cost by returningto historical
developmentratio
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
UnitMiningCost
of Development Ore of Total Ore Mined
Long-term planned ratio

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2015
Development
Plans
Presentedby:
Renaud Adams
President& CEO
Jean Bastien
Mine Manager

69
Island Gold Mine
Well Positioned for Growth
RICHMONT’S OBJECTIVE
To transform Island Gold Mine into a
longer life, higher production and lower
cost operation, with the ability to
deliver years of high-quality growth
and increased net free cash flow levels.

70
Island Gold Mine
2015 Project Capital
Planned 2015 project and exploration investment of $29.2 million
• 41,000 m of underground explorationdrilling $3.2 million
Testing the eastern down-plunge extension
• 20,000 m of surfaceexplorationdrilling $2.0 million
Testing closer to surface step-out targets to the east and west
• Fixed assets $1.8 million
Underground equipment
Ventilation, electrical sub-station etc.
• Acceleratedmine developmentwork $19.0 million
Extend -620 m level exploration/definition drift
Extend primary ramp to depth of –750 m
Extend secondary ramp to –570 m
• Accelerated delineation drilling $2.2 million
Define and delineate ounces between –500 m and –1,000 m
• Mining & milling studies $1.0 million

71
Island Gold Mine
Sustaining Capital
2015 Sustaining Capital of $19.1 million
• Fixed assets & equipment $10.7 million
Tailings
Mill
Surface – buildings, underground equipment
Underground infrastructure (electrical, dewatering)
• 11,125 m of delineation drilling $0.7 million
• Mine development $7.7 million
Planned development for near-term mining

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Crown pillar
W E
- 1,000 m
- 500 m
2015 Stoping
Mined out
190 Level
ZONE 1
ZONE 2
ZONE 3
Level 700 – Center of Mass
Level 850 – Limit Base Case
Potential
Island Gold Mine - Studies
Base Case – 800 tpd by Ramp
W GOUDREAULOCHALSH ISLAND EXT1 EXT2 E

73
Ontario Quebec
Island Gold Mine
Mining Studies
Consultantfirm was retainedfor the mining studies
Phase 1 of the mining studies (summer2015)will consist of:
Optimization of Base Case scenario (800 tpd by ramp), which consists of:
Mining by ramp down to 850 metre level
Developing an optimized mine plan allowing to mine a minimum of 800 tpd,
depleting ounces while maintaining a center of mass (tonnes-km) a level 700/750
at all time
Time study confirmed that 800 tpd could by hauled from level 725 with current
ramp size
Analysis of capacity of deposit without underground infrastructure
limitations
Selection of top scenario allowing increased mining capacity (possibilities
include 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 top
scenario to a PEA level.

74
74
Island Gold Mine
Milling and Mining Studies
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Island Gold Mine
Mine Productivity Opportunities
• Reduce dilution levels at lower depths
Average width is 4.5 metres versus 2.7 metres in upper mine
• Reduce operating and non-operating delays
Equipment travel time, usage and productivity rates being
evaluated
• Implement Performance Management (dashboard)
• Cost savings opportunity in procurement area
• Evaluating different mining methods

75
TSX – NYSE MKT: RIC
www.richmont-mines.com

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