This document provides an overview of Richmont Mines' positioning for sustainable growth through its Island Gold Mine. Key points include: - Island Gold is a high-grade, low-cost underground mine in Canada that produced nearly 50,000 ounces in the first half of 2017 at a cash cost of $563/ounce. - The mine is ramping up to an expanded capacity of 1,100 tonnes per day and has potential for further expansion beyond 150,000 ounces annual production. - An expansion case preliminary economic assessment outlines a capital-efficient expansion with low costs and robust cash flows to support 22% production growth. - Exploration success provides additional growth opportunities through 750,000 ounces of inferred

1. POSITIONING FOR
SUSTAINABLE
GROWTH
Denver Gold Forum
Colorado Springs
September 24-27, 2017
TSX - NYSE : RIC
www.richmont-mines.com

2. 2
RICHMONT MINES
FORWARD-LOOKING STATEMENTS
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 Mines Inc. (“Richmont”
or the “Corporation”) 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, but are not limited to: (i) assumptions and expectations with regard to Alamos’
acquisition of Richmont (the “Transaction”) and its completion and the anticipated associated benefits and advantages; (ii) the future prospects,
including exploration potential, resulting from the Transaction and the ability to unlock value, (iii) production estimates and production growth
rates, which assume accuracy of projected ore grade, mining rates, recovery timing and recovery rate estimates and may be impacted by
unscheduled maintenance, labour and contractor availability; (iv) capital expenditures and other cash costs, which assume foreign exchange
rates and accuracy of production estimates, and may be impacted by unexpected maintenance, the need to hire external resources and
accelerated capital plans; (v) profits and free cash flow, which assume production and expenditure estimates and may be impacted by gold
prices, production estimates, and the timing of payments, and (vi) reserves and resources which are forward-looking statements by their nature
involving implied assessment, and may be impacted by metal prices, future drilling results, operating costs, mining recoveries and dilution rates.
Other factors include the ability to ramp up productivity to 1,100 tonnes per day in a timely manner, the ability to achieve the enhanced
production levels expected, the ability to realize further expansion scenarios, any increases in capital and development or infrastructure costs,
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’s Annual Information Form and other public disclosure.
Safe Harbor Statement & Cautionary Note to U.S. Investors Concerning Resources Estimates
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’s Mineral Reserve and Resource estimates as of Dec. 31. 2016.
An NI 43-101 Technical Report for the Island Gold Mine Expansion Case Preliminary Economic Assessment (“PEA”) is available on
www.sedar.com.
U.S. Investors are urged to consider the disclosure in our annual report on Form 40-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.)

3. 3
Solid Balance Sheet
ESTABLISHED CANADIAN GOLD PRODUCER
POSITIONING FOR SUSTAINABLE GROWTH
Strong cash position; Low debt
Robust cash flow streams
Disciplined capital allocation
Shareholder returns
Creating shareholder value
Low shares outstanding
Quality Asset
Growing production
Low industry cash costs
Safe jurisdiction
Long-term value
Expansion opportunities
Significant exploration potential

4. 4
Strong cash position supports fully
funded strategic organic growth plan
Analyst Coverage
BMO Capital Markets Brian Quast
Canaccord Genuity Rahul Paul
CIBC Jeff Killeen
Cormark Securities Richard Gray
Haywood Securities Kerry Smith
Laurentian Bank Securities Ryan Hanley
Macquarie Capital Markets Michael Gray
National Bank Financial Under review
Paradigm Capital Don Blyth
PI Financial Brian Szeto
Scotia Capital Ovais Habib
TD Securities Daniel Earle
All amounts are in Canadian dollars
unless otherwise indicated.
TSX-NYSE: RIC Share Capital (at Sept. 20, 2017)
Issued & Outstanding Shares 63.8M
Fully Diluted 66.4M
Market Capital $781M
CAPITAL STRUCTURE AND COVERAGE
POSITIONING FOR SUSTAINABLE GROWTH
(1) As of June 30, 2017.
(2) Comprised mainly of mobile equipment capital leases.
(3) Calculated using a C$:US$ exchange rate of 1.30
Peer leading balance sheet
CASH(1)
C$95.9M
(US$73.9M)(3)
DEBT(1,2)
C$9.2M
(US$7.1M)(3)

5. 5
RICHMONT MINES
H1 2017 CONSOLIDATED HIGHLIGHTS
(1) Includes Beaufor Mine production of 10,768 oz at AISC US$1,260.
(2) Cash costs and all-in sustaining costs (“AISC”) are non-IFRS measures. Refer to the Non-IFRS performance measures contained in the Q2 2017 MD&A.
POSITIONED FOR GROWTH
 Solid results driven by Island Gold
 Growing production profile
 Declining cost structure
 Low industry cash costs
 Robust free cash flow stream
 Strong cash position; <$10 M debt
 Significant exploration potential
Disciplined approach to creating sustainable value
US$565(1)
AISC(2) per ouncecash costs(2) per ounce
US$773(1)
60,650(1)
ounces produced
US$15M
net free cash flow

6. 6
ISLAND GOLD MINE
HIGH-GRADE UNDERGROUND MINE IN CANADA
One of the highest-grade, lowest cost
underground mines in the Americas
 Long-hole mining via ramp system to 1,000m
over 4 mining horizons
 Phase 1 expansion to 1,100 tpd underway
 Potential for +150,000 oz production (Phase 2)
 Objective of +2M oz resource inventory (net of
depletion) by end of 2018
Reserve growth of 300% since 2014
2017
GuidanceProduction and Costs Q2 2017 H1 2017
Gold production (oz) 26,110 49,882 87,000-93,000
Cash costs/oz (C$)(1) $580 $618 $715-$765
AISC per oz. (C$)(1) $677 $751 $945-$995
Cash costs/oz (US$)(1,2) $431 $463 $550-$590
AISC per oz. (US$)(1,2) $503 $563 $725-$765
Capital and
Exploration ($M)
2017
GuidanceQ2 2017 H1 2017
Sustaining Capital (C$) $2.9 $6.9 $19-$22
Project/Expansion (C$) $6.0 $11.9 $33-$35
Exploration (C$) $4.9 $8.7 $14-$16
Sustaining Capital (US$)(2) $2.1 $5.2 $15-$17
Project/Expansion (US$)(2) $4.4 $8.9 $25-$27
Exploration (US$)(2) $3.6 $6.5 $11-$12
Mineral Reserves and Resources(3)
(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

7. 7
AISC(1) per ounce
49,882
ounces produced
US$563
cash costs(1) per ounce
ISLAND GOLD MINE
H1 2017 HIGHLIGHTS
(1) Refer to the Non-IFRS performance measures contained in the Q2 2017 MD&A.
(2) 2017 Guidance assumes high end of production and low end cash cost range, with an exchange rate of 1.30 Canadian to U.S. dollars.
Refer to press release dated February 2, 2017.
(3) PEA average cash costs based on Spot Gold price of US$1,260/oz.
US$463
High-Quality Low-Cost Asset with Growing Production and Declining Costs
Establishing Island Gold as one of the lowest cost producers in the Americas
 Solid production at industry low costs
 On track to beat annual guidance
 Driving robust free cash flow streams
 Ramp-up to 1,100 tpd advancing
 Phase 1 expansion fully funded
and permitted
 Additional expansion and cost
reduction opportunities
 Exploration potential laterally and
at depth to drive resource growth investment in exploration
$6.5M
0
300
600
900
1,200
1,500
0
20
40
60
80
100
120
140
2013 2014 2015 2016 2017E PEA Avg
AISC(US$/oz)
Production(koz)
Production AISC
On-track to beat guidance
H1
Production
50koz @
US$563

8. 8
First step in disciplined multi-phased strategy to maximize
productivity while maintaining minimum mine life of 8 years
Expansion Case PEA:
 Capital and cost effective
 low incremental expansion capital of C$28.2 M
 low industry cash costs and robust cash flow stream
 Supporting strong production
 22% projected growth
 mine the main area of interest over 4 horizons to 1,000 m maximum depth
Additional growth opportunities
 Only ~24% of Inferred Resources were incorporated
 +750k ounces Inferred Resources available for further growth
 Recent delineation/exploration success not captured
 Potential upside for additional operational and cost optimization
Ramp-up to 1,100 tonnes per day currently advancing;
Mill anticipated to achieve target run rate in latter part of 2018
ISLAND GOLD MINE
EXPANSION CASE PEA – A DISCIPLINED APPROACH

9. 9
RIC: TSX NYSE
9
Third Mining Horizon
P&P 984,000 11.71 370,460
Inferred 63,000 8.25 16,710
GOUDREAULOCHALSH ISLAND EXT1 EXT2
- 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
Second Mining Horizon
P&P 490,000 8.82 138,950
Fourth Mining Horizon
P&P 309,000 8.74 86,830
Inferred 472,000 15.22 230,970
- 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
( Mineral Reserves and Resources as of December 31. 2016)
Tonnes Grade (g/t) Ounces
First Mining Horizon
P&P 427,000 5.86 80,450
1
2
3
4
Upper Mine
Reserves Oz. Considered in the PEA
Tonnes Grade (g/t) Ounces
P&P 341,000 6.89 75,500
Note: Mineral Resources presented are exclusive of Mineral Reserves. Mineral Resources
that are not Mineral Reserves do not have demonstrated economic viability.
EXPANSION PEA
MINERAL RESOURCES & RESERVES USED IN 2017 PEA STUDY
+750k oz inferred resources
not considered in PEA

10. 10
ISLAND GOLD MINE
PEA HIGHLIGHTS: PHASE 1 OF GROWTH STRATEGY
Expansion PEA Summary 2017-2024
Tonnes Milled (Mt) 3.1
Head Grade (g/t) 9.68
Mine plan (years) 8
Mine and mill production (tpd) (1)
1,100
Gold recovery (%) 96.5
Total Production (k oz) 926
Avg. annual gold production (k oz) 115
Avg. annual gold production (k oz) (1)
125
C$ US$
Avg. operating unit cost ($/t) 189 140
Avg. cash costs ($/oz) 646 479
AISC ($/oz) 832 616
AIC ($/oz) 906 671
Sustaining Capital ($M) 168 124
Incremental Capital ($M) 28 21
Project Capital (incl. incremental) ($M) 68 50
1) Excluding the 2017 and 2018 ramp-up period.
2) Expansion Case PEA assumes a gold price of $1,550 (US$1,150) per oz and a C$:US$
exchange rate of 1.35.
3) Refer to the Non-IFRS performance measures section contained in the Q2 2017 MD&A.
4) Project capital includes incremental expansion capital of $28.2 million and accelerated mine
development/infrastructure capital of $40 million.
5) Including royalties.
Expansion Case PEA
 Mining rate of 1,100tpd via dual ramp system
 Mill expansion complete end of 2018
 Annual avg. production 125k oz(1)
 Annual avg. AISC from 2019 US$550/oz(1)
 Low industry cash costs; robust cash flow
Potential for further cost reductions
 Improved operational efficiencies
 Supply chain optimization
Further production expansion opportunities
 Resource inventory outside main deposit area
 Potential phase 2 expansion currently under
review
PEA mine plan generates
positive pre-tax net cash flow
at US$1,000/oz gold and
C$:US$ at parity

11. 11
Underground Productivity
0.00
2.00
4.00
6.00
8.00
10.00
0
200
400
600
800
1,000
1,200
Gramspertonne
Tonnesperday
Underground tpd Head Grade (g/t)
ISLAND GOLD MINE
OPERATIONAL PERFORMANCE vs. PEA
Island Gold Mine
6-months ended June 30, 2017
2017 Expansion Case PEA
2017E Avg. LOM
Underground tpd 1,084 999 1,100(1)
Mill tpd 933 913 1,100(1)
Head grade (g/t gold) 9.46 8.75 9.67
Recoveries (%) 97.1 96.5 96.5
Operating costs ($/t) $177 $204 $189
All amounts are in Canadian Dollars unless otherwise indicated
PEA Avg. LOM Operating Costs(2) ($/t)
Mining
Milling
General &
Administration
Royalties$28
$16
$16
$129
1) Underground productivity is expected to average 1,000 tpd in 2017 with lower-grade underground ore stockpiled for future processing.
2) Calculated based on 2016 actual operational costs incurred.
3) 2015 productivity excludes a 3 week mine shutdown and a 2 week mill shutdown in the fourth quarter.
4) Q3 2016 productivity excludes 16-day electrical upgrade shutdown of the underground mine
5) Mill productivity is expected to reach 1,000 tpd in the latter part of 2018, following the completion of the mill expansion.

12. 12
MINE PLAN 1, 100 TPD
TOTAL TONNES MINED
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Tonnes Mined & Waste to Ore Ratio
Total stoping ore (tonnes) Total development ore (tonnes)
Total waste development (tonnes) Ratio: Waste/Ore
2015 2016
Historical Expansion Case PEA
Pre-developed mine life
provides significant
operational flexibility
TotalTonnesMined
Strategic focus on accelerated development
 Supports higher mining rates using current dual-ramp system
 De-risked, pre-developed mine life and operational flexibility
 Lower cost structure that will drive strong cash flow streams
WastetoOreRatio

13. 13
MILL EXPANSION PROJECT
GENERAL ARRANGEMENT
Maintenance shop and office
New lime slaker
Convert leach to CIL
New dome
New laboratory
New mill
 1,250 tpd late 2018 (utilizing 1 new + 1 existing ball mill)
 +1,500 tpd capacity (utilizing 1 new + 2 existing ball mills)
 Potential for additional expansion

14. 14
RIC: TSX NYSE
14
ISLAND GOLD MINE
2017 DRILLING PROGRAM
Proven Reserves
Probable Reserves
Indicated Resources
Inferred Resources
Mineral Reserves and Resources
as of December 31, 2016)
450 k oz inferred resources added in 2016 at $35/oz
Ramps and Actual Development
Mined Out
Planned Development
Drill Hole Highlight
Au g/t / true width (m)
c.l. : Core length (m)
620 m Level Planned
Explo. & Delineation Drift
840 m Level Planned
Explo. & Delineation 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
Main
mineralized trend
2017 DEEP
EXPLORATION
DRILLING
36,000 m
2017
DELINEATION
DRILLING 7,000 m
2017 SURFACE/
UNDERGROUND
EXPLORATION
DRILLING
30,000 m
Potential Extension
MH8-4
19.85/8.4
2017
DELINEATION
DRILLING
30,000 m
GD-640-05
20.57/11.3 c.l.
MH2A-13
8.86/6.39
GD-640-05-3
13.81/5.20 c.l.
GD-640-05-5
58.34/0.43
GD-670-01
4.17/2.44
MH2A-12
11.67/9.42
GD-620-01
19.74/1.4
GD-630-01
25.37/3.85
GD-690-01
15.39/0.89
340-588-40
23.10/2.40

15. 15
GEOLOGY AND EXPLORATION
REGIONAL EXPLORATION: FINDING THE NEXT MINE
Mill
Maskinonge
lake
CLINE MINE
63,000 oz Au
0.3 MT @ 6.5 g/t Au
KREMZAR MINE
47,000 oz Au
0.6 MT @ 4.8 g/t Au
ISLAND GOLD MINE
East Extension
West Extension Drilling target
500 m
- 1,000 m
- 500 m
- 1,500 m
MAGINO ISLAND GOLD EDWARDS CLINE
Richmont
Richmont
Argonaut
StrikeMinerals
New gold zone intersections
ClineMiningCorp.
KZ-16-01
56.93/1.10 c.l.
KZ-16-02
9.71/8.00 c.l.
MH1-11
(X zone)
20.78/1.28
MH7 (X zone)
17.85/1.68
340-588-40
23.10/2.40
MAGINO Open Pit Project
Producing Gold Mine
Closed Gold Mine
Gold Showing
Major Fault
Mafic Volcanic
Intermediate Volcanic
Diabase
Iron Formation
Webb Lake
Stock-Granodiorite
EDWARDS MINE
144,000 oz Au
0.5 MT @ 11.0 g/t Au
Kremzar Cross Section
Drilling target
Kremzar Cross Section
1,768 m: Macassa Mine (Kirkland Lake)
2,200 m: Hoyle Pond Mine (Goldcorp)
1,524 m: Golden Giant Mine (Barrick)
340-588-30
14.15/2.91
GD-640-05-3
13.81/5.20 c.l.
MH8-4
19.85/8.40
MH2A-13
8.86/6.39
MH2A-12
11.67/9.42

16. 16
Alamos to Acquire Richmont: Transaction Summary
Proposed
Transaction
• Alamos Gold Inc. (“Alamos”) to acquire Richmont Mines Inc. (“Richmont”) via a Plan of Arrangement
• Implied equity value of US$770 million1 (C$936 million)
• Implied enterprise value of US$683 million1 (C$830 million)
• Pro forma ownership: 77% Alamos / 23% Richmont1
Consideration
• 1.385 Alamos shares per common share of Richmont
• 22% premium to Richmont’s closing price on September 8, 2017
• 32% premium based on Richmont and Alamos’ 20-day volume-weighted average prices2
Conditions
• Richmont shareholder vote (66⅔% of shareholder votes cast)
• Alamos shareholder vote (majority of shareholder votes cast)
• Customary regulatory and court approvals
Other
• Unanimous support for the transaction and lock-up agreements from the Officers and Board of Directors
of both Alamos and Richmont
• Customary reciprocal non-solicitation provisions, subject to normal fiduciary outs, and a right to match
• C$35 million reciprocal termination fee in the event of a Superior Proposal to either party
• Completion of the sale of Richmont’s Quebec assets is not a condition to closing
Proposed
Timing
• Mailing of meeting materials by mid-October 2017
• Shareholder meetings around mid-November 2017
• Closing expected in November 2017
1 Based on market closing on September 8, 2017; equity value and pro forma ownership are based on fully diluted in-the-money shares.
2 Based on TSX trading only; premium calculated based on the VWAPs of both companies.

17. 17
Benefits to Richmont Shareholders
Immediate and significant
premium
• 22% premium to Richmont’s closing price on September 8, 2017
• 32% premium based on Richmont and Alamos’ 20-day volume-weighted average prices1
Meaningful ownership in a
stronger combined entity
• Provides exposure to Alamos’ high quality portfolio of assets including diversified North
American gold production and peer leading growth profile
• Maintain exposure to Island Gold’s operating and exploration upside potential
• Synergies realized by pro forma company
Significant revaluation
potential
• Increased capital markets profile and trading liquidity
• Significant revaluation opportunity with exposure to large intermediate producer with
established growth potential approaching 1 million ounces per year
Provides on-going
return of capital for
shareholders
• Alamos has a long track record of returning capital to shareholders with semi-annual
dividend in place since 2010, returning a total of over US$115 million
1 Based on TSX trading only; premium calculated based on the VWAPs of both companies.

18. 18
Canada
48%
Mexico
42%
Turkey
10%
Production
66%
Development
34%
Increases Alamos’ Exposure to Tier 1 Jurisdictions
Source: Select street research
Please refer to Cautionary Statements.
Asset NPV by Geography 2018 – 2020 Production by Geography
Reserves by Geography Asset NPV by Stage
Canada
57%Mexico
23%
Turkey
20%
Production
72%
Development
28%
Canada
58%
Mexico
34%
Turkey
8%
Canada
52%Mexico
26%
Turkey
22%
Acquisition of Island Gold strengthens and de-risks Alamos’ portfolio
Canada
49%
Mexico
27%
Turkey
24%
Canada
48%
Mexico
28%
Turkey
24%

19. 19
$174
$195
$216
$308
$65
$60
$103
$68
$239
$255
$319
$377
2017E 2018E 2019E 2020E
AGI OCF (US$ mm) RIC OCF (US$ mm)
Enhances Production Profile & Cash Flow Generation
Pro Forma Operating Profile (consensus) Pro Forma Operating Cash Flow Profile (consensus)
418 421
429
513
95 95
138
108513 516
567
622$912
$946
$847
$862
2017E 2018E 2019E 2020E
RIC Gold Production (koz) AGI Gold Production (koz)
PF AGI AISC (US$/oz)
Island Gold increases production
by an average of +25%
Island Gold increases cash flow
by an average of +34%
Source: Select street research
1 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
2 RIC OCF based on consensus Island Gold cash operating margin and adjusted for tax.
Island Gold delivers meaningful production growth and superior cash flow generation
2
1

20. 20
1.7x 1.7x
1.5x 1.4x
1.4x 1.4x
1.2x 1.2x
1.1x 1.1x 1.1x 1.0x 1.0x
0.7x
0.5x
Agnico
Newmont
Barrick
KirklandLake
Kinross
NewGold
IAMGOLD
B2Gold
OceanaGold
Yamana
Goldcorp
Centerra
Alamos
Tahoe
Eldorado
Large, North American Focused Peer Average: 1.4x
Compelling Investment Thesis
Source: Company disclosure, FactSet, street research
Note: Peer average excludes Alamos.
1 Peer average includes Agnico, Newmont, Barrick, Kirkland Lake, Kinross, New Gold, IAMGOLD, Yamana, and Goldcorp.
Alamos Positioned
For Revaluation
 ~C$4 bn market cap producer
 Production in excess of 500 koz Au per year
 Internal growth potential approaching 1 Moz Au per year
 Top 10 North American gold producer
P/NAV Multiples
1

21. 21
RICHMONT MINES
DIVESTMENT OF QUEBEC ASSETS
Richmont Mines Enters into Definitive Agreement with Monarques Gold for Non-Core Québec Assets
Transaction Highlights(1)
EQUITY Richmont to hold ~19.9% of the outstanding common shares of Monarques,
inclusive of a C$2M equity investment
ROYALTIES  1.0% NSR on the Beaufor Mine
 once post-closing production reaches 100,000 oz
 1.0% NSR on the Camflo mineral claims
 1.5% NSR on the Wasamac property
 buyback provision of C$7.5M for 0.5%
CLOSING Transaction is expected to close on, or about, September 30, 2017
 Maintains upside to a
portfolio of assets in
the highly prospective
Abitibi region
 Assets placed in
a Quebec-based
company dedicated
to maintaining
ongoing operations
& unlocking the
longer-term potential
of the Quebec assets
Value creation for all
Stakeholders
(1) For additional details, please refer to press release of Sept. 11, 2017.
Beaufor Mine H1 2017: 10,768 oz gold produced at AISC US$1,260

22. 22
RICHMONT MINES
DISCIPLINED FOCUS ON CREATING SUSTAINABLE VALUE
Additional growth
and expansion
potential
Significant reserve growth
with exploration potential
Growing
FCF stream
Management track
record of success
Solid cash position
with minimal debt
Island Gold Mine: High-grade,
low-cost quality asset in Canada

23. APPENDIX

24. 24
RICHMONT MINES
MANAGEMENT TEAM
MÉLISSA TARDIF
LLB
Lawyer and
Corporate Secretary
RENAUD ADAMS
P. ENG
President and
Chief Executive
Officer
STEVE BURLETON
CFA, MBA
Vice-President,
Business Development
ROB CHAUSSE
CPA, CA
Chief Financial
Officer
CHRISTIAN BOURCIER
P. ENG
Vice-President,
Operations
NICOLE VEILLEUX
CPA, CA
Vice-President
Finance
ANNE DAY
MBA, ICD.D
Senior Vice-President,
Investor Relations
DANIEL ADAM
GEO PHD
Vice-President
Exploration

25. 25
RENÉ MARION
P. ENG
Chairman of the Board and
Chair of the Technical and
Corporate Responsibility
Committee
MICHAEL PESNER
CA
Director and Chair
of the Audit Committee
RENAUD ADAMS
P. ENG
Director, President and
Chief Executive Officer
PETER BARNES
CA
Director and Chair of the
Human Resources and
Compensation Committee
ELAINE ELLINGHAM
P. Geo., MBA
Director and Chair of
the Governance and
Nominating Committee
RICHMONT MINES
BOARD OF DIRECTORS

26. 26
RICHMONT MINES
MINERAL RESERVES AND RESOURCES
1. Mineral Resources presented are exclusive of Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
2. Refer to NI 43-101 Technical Report for the Island Gold Mine dated March 20, 2017.
3. 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.
4. Monique Mineral Resources are located underground directly below the open-pit.
5. Underground Mineral Resources established as of December 31, 2012.
6. The Francoeur Mine closed in November 2012 and was sold in 2016.
Richmont Mines Mineral Reserve and
Resource1 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 MINE2
Proven Reserves3 573,000 8.68 159,800 363,500 7.53 87,900
Probable Reserves3 1,978,000 9.31 592,400 1,752,000 8.41 473,800
Total Proven & Probable Reserves3 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 MINE
Proven Reserves3 32,000 6.77 7,010 35,600 7.31 8,350
Probable Reserves3 171,500 6.87 37,910 266,500 6.48 55,500
Total Proven and Probable Reserves3 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 MINE4
Indicated Resources 107,500 4.88 16,850 107,500 4.88 16,850
WASAMAC GOLD PROPERTY5
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
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

27. 27
RICHMONT MINES
TOP INSTITUTIONAL SHAREHOLDERS
As of September 6, 2017. Source: IPREO
Firm Name % O/S Shares Held City
Van Eck Associates Corporation 7.09 4,519,277 New York
RBC Global Asset Management, Inc. 7.08 4,513,066 Toronto
Renaissance Technologies, LLC 4.97 3,171,400 New York
Montrusco Bolton Investments, Inc 4.84 3,088,195 Montreal
Tocqueville Asset Management, L.P. 4.04 2,578,100 New York
1832 Asset Management, L.P. 3.87 2,466,900 Toronto
OppenheimerFunds, Inc 3.60 2,293,000 New York
Sentry Investments, Inc 3.21 2,048,150 Toronto
BMO Asset Management, Inc. 2.24 1,427,200 Toronto
Mackenzie Financial Corporation 2.22 1,415,000 Toronto
Sprott Asset Management, L.P. 1.80 1,148,150 Vancouver
Fidelity Management & Research Company 1.59 1,013,643 Boston
GWL Investment Management, LTD 1.22 775,737 Winnipeg
ZPR Investment Management, Inc. 1.18 752,370 Orange City
Hunter Hall Investment Management, LTD 1.08 690,400 Sydney
CIBC Asset Management, Inc. 1.06 674,828 Toronto
Greystone Managed Investments, Inc. 0.97 617,120 Regina
UBS Financial Services, Inc. (Investment Advisor) 0.97 615,520 New York
U.S. Global Investors, Inc. (Asset Management) 0.94 600,000 San Antonio
Intact Investment Management, Inc. 0.93 593,100 Montreal
Caisse de dépôt et placement du Québec 0.92 583,834 Montreal
Fiera Capital Corporation (Asset Management) 0.91 581,400 Montreal
Financial & Investment Management Group, LTD 0.86 548,008 Traverse City
Credit Suisse Securities (USA), LLC (Broker) 0.85 544,502 New York
Morgan Stanley & Company, LLC 0.80 508,449 New York

28. 28
Mulatos District
• La Yaqui Grande – significant mineral reserve and resource growth since 2015 discovery
• Multiple targets in large underexplored land package; >70% past drilling focused near mine
Quartz Mountain
• Located in Oregon on the northern extension of prolific Basin & Range Province of Nevada
• Low strip, favourable metallurgy
Island Gold
• Resource growth potential laterally to the east and at depth
• Less than 15% of the land package drilled
Aği Daği2 Production: 178 koz
Mine-site AISC1: $411/oz
• Low cost, open pit, heap leach project
• 39% after-tax IRR outlined in 2017 feasibility study
Çamyurt2 Production: 93 koz
Mine-site AISC1: $645/oz
• 253% after-tax IRR outlined in 2017 PEA
• Minimal initial capital; shared Aği Daği infrastructure
Lynn Lake
Feasibility Study
Q3 2017
• High grade, open pit
• Feasibility study expected in late Q3 2017
Kirazlı2 Production: 104 koz
Mine-site AISC1: $373/oz
• Low cost, open pit, heap leach project
• 44% after-tax IRR outlined in 2017 feasibility study
Esperanza • Average annual production potential >100,000 oz; excellent infrastructure; low technical risk
487-523 koz
2017 combined
production guidance
Diversified Production; Disciplined, Multi-stage Growth
>400 koz
Combined annual
production growth potential
Young-Davidson
Production: 200-210 koz
Mine-site AISC1: $775/oz
• 15 year mineral reserve life
• One of Canada’s largest underground gold mines
North American Production
Permitting / Development
Ongoing Exploration
Mulatos
Production: 150-160 koz
Mine-site AISC1: $890/oz
• 5-year reserve life within main open pit
• Significant mine life extension potential through La Yaqui & other nearby deposits
El Chanate
Production: 50-60 koz
Mine-site AISC1: $1,200/oz
• Mature operation; significant free cash flow expected at the end of
mine life through residual leaching
Island Gold
Production: 87-93 koz
Mine-site AISC1: $745/oz
• One of Canada’s highest grade underground mines
• 8-year mine life based on PEA; significant upside potential
incorporating existing resources
1 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
2 Average annual production and mine-site AISC as detailed in the 2017 Kirazlı & Aği Daği feasibility studies & Çamyurt preliminary economic assessment. Please refer to press releases dated February 15 and 22, 2017 for more detail.

29. 29
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
RICHMONT TARGETS
2017 PRODUCTION AND COST GUIDE
(1) 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.
Consolidation to a single asset (Island Gold) reduces cost structure by ~$100/oz.

30. 30
Expansion Case PEA Summary (1,100 tpd)
(C$:US$ exchange rate of 1.35:1) C$ Gold Price US$ Gold Price
Spot Gold Downside Case Spot Gold Downside Case
$1,700/oz $1,550/oz US$1,260/oz US$1,150/oz
Avg annual production (koz): 2019-2024(1) 125 125 125 125
Avg annual production (koz): 2017-2024 115 115 115 115
Avg operating unit cost ($/t)(2,5) 191 189 141 140
Cash Costs ($/oz)(2,3,5) 652 646 483 479
AISC ($/oz)(2,3,5) 837 832 620 616
Sustaining capital ($M) 168 168 124 124
Project capital ($M)(4) 68 68 50 50
AIC ($/oz)(2,3,4,5) 910 906 674 671
Cumulative Net Cash Flow ($M)(6,7) 749 615 555 456
Pre-tax NPV5%(7) 580 473 430 350
After-tax NPV5%(7) 452 379 335 281
(1) Excluding the 2017 and 2018 ramp-up period.
(2) The Expansion Case PEA assumes a gold price of $1,700 (US$1,260) and $1,550 (US$1,150) per ounce and a C$:US$ exchange rate of 1.35.
(3) Refer to the Non-IFRS performance measures section contained in the Q1 2017 MD&A.
(4) Project capital includes incremental expansion capital of $28.2 million and accelerated mine development/infrastructure capital of $40 million.
(5) Including royalties.
(6) Net cash flow is pre-tax cash flow after all operating costs, project and sustaining capital.
(7) All calculations assume the Dec. 31, 2016 cut-off grade and do not incorporate any adjustments related to different gold price assumptions.
ISLAND GOLD MINE
PEA HIGHTLIGHTS

31. 31
FINANCIAL ANALYSIS
CURRENCY AND GOLD PRICE SENSITIVITIES
 PEA mine plan generates positive pre-tax net cash flow even at a gold price of US$1,000 per
ounce and a C$ to US$ exchange rate at parity
 Focus remains on enhancing operational efficiencies that drive further cost reductions
 Pre-developed mine life provides significant operational flexibility
 Accelerated development can be returned to sustaining levels in a sustained low gold
price environment
(1) Net cash flow is pre-tax cash flow after all operating costs, project and sustaining capital.
(2) All calculations assume the Dec.31, 2016 cut-off grade and do not incorporate any adjustments related to different gold price assumptions
Pre-tax Net Cash Flow(1,2) ($M) Sensitivity
US$ Gold Price
C$:US$
1,000 1,100 1,200 1,300 1,400
1.00 123 212 302 391 481
1.10 212 311 409 507 606
1.20 302 409 516 623 731
1.30 391 507 623 740 856
1.35 436 556 677 798 918
1.40 481 606 731 856 981
1.45 525 655 784 914 1 043
1.50 570 704 838 972 1 106
1.60 659 802 945 1 088 1 231

32. 32
RIC: TSX NYSE
32
20.8
14.6
9.2 9.2 8.8 8.4 8.2 7.7 7.3
6.4 6.1
4.6 4.5 4.3 4.3 4.2 3.8
2.7
1.6
19.2
13.2
10.6
9.5 9.4 9.0 8.7
7.9
6.4 6.4 5.9 5.8 5.6 4.9 4.4 4.4 4.1
2.8
1.3
Reserve Grade (g/t Au) Resource Grade (g/t Au)
424%
105%104%
90%
38%
20% 19% 13%
(0%) (6%) (9%) (10%)(20%)(25%)(34%)
(65%)
(83%)(87%)
Reserve Growth (3-Year)
52%
35%
30%
21% 18% 14%
6%
(0%) (1%) (3%) (5%) (5%) (9%)
(17%)
(25%)
(30%)
(52%)
(67%)
Resource Growth (3-Year)
ISLAND GOLD MINE
A QUALITY ASSET IN THE AMERICAS
Source: Company disclosure, Fact Set and available street research.

33. 33
RIC: TSX NYSE
33
14,500mE
15,000mE
Dyke
- 1,000 m
100 m
EXPANSION CASE
PEA AREA
840 m Level Planned
Explo. & Delineation
Drift
860-517-08
45.20/3.27
635 m Level
740 m Level
ISLAND GOLD MINE
RESERVE GROWTH POTENTIAL
Proven Reserves (2016/12/31)
Probable Reserves (2016/12/31)
Indicated Resources (2016/12/31)
Inferred Resources (2016/12/31)
Ramp and Actual Development
Mined Out
Planned Development
> 30
8.0 to 30.0
4.0 to 8.0
< 4.0
860-511-07
51.02/3.54
860-511-03
37.09/4.98
860-517-07
52.09/4.99
765-465-40
31.80/1.92
Drilling results since March 30, 2017 press release
Drill Hole Intersections
Au g/t / true width (m)
c.l. : Core length (m)
141 144 184
562
752
0
100
200
300
400
500
600
700
800
2012 2013 2014 2015 2016
GoldReserves(‘000oz)
RESERVE GROWTH
OF 300% SINCE
2014
740-465-03
38.66/3.68
740-465-04
85.33/3.52
740-465-08
43.05/5.13
740-477-30
60.15/3.29
740-477-33
32.47/6.57
740-483-21
34.13/3.53
740-465-16
96.97/5.08
740-465-23
50.84/2.03
740-477-40
38.62/2.24
740-465-15
23.29/3.51
740-465-20
24.56/3.85
740-477-43
24.21/4.33
820-520-13
30.20/3.62
820-520-08
53.64/6.53
820-512-04
60.16/8.79
820-520-01
52.67/3.28
800-511-01
23.36/4.72
740-483-22
26.37/3.46

34. 34
RIC: TSX NYSE
34
EXPANSION CASE
PEA AREA
ISLAND GOLD MINE
Deep Directional Exploration
Drilling Program Highlights
15,500mE
15,000mE
Dyke
- 1,500 m
- 1,000 m
100 m
840 m Level Planned
Explo. & Delineation Drift
MH8-3B
1.42/2.67
MH7 (C zone)
2.35/3.53
MH8-4
19.85/8.40
MH8-1C
0.62/3.01
Proven Reserves (2016/12/31)
Probable Reserves (2016/12/31)
Indicated Resources (2016/12/31)
Inferred Resources (2016/12/31)
Ramp and Actual Development
Mined Out
Planned Development
> 30
8.0 to 30.0
4.0 to 8.0
< 4.0
MH1-11 (C zone)
0.72/2.71
MH2A-13
8.86/6.39
MH2A-12
11.67/9.42
MH4-5
4.63/2.51
MH8
4.60/2.24
MH1-10
24.54/3.76
MH2A-10
6.16/11.58
MH7 (X zone)
17.85/1.68
MH1-11 (X zone)
20.78/1.28
Drilling results since March 30, 2017 press release
Drill Hole Intersections
Au g/t / true width (m)
c.l. : Core length (m)
DEEP DIRECTIONAL DRILLING

35. 35
RIC: TSX NYSE
35
340 m Level
- 500 m
GD-640-04
7.38/3.27
EXPANSION CASE
PEA AREA
620 m Level Planned
Explo. & Delineation Drift
840 m Level Planned
Explo. & Delineation Drift
- 1000 mGD-640-05
20.57/11.3 c.l.
GD-640-05-1
10.16/5.74 c.l.
GD-620-01
19.74/1.4
GD-630-01
25.37/3.85
GD-640-05-1
16.10/8.33 c.l.
Proven Reserves (2016/12/31)
Probable Reserves (2016/12/31)
Indicated Resources (2016/12/31)
Inferred Resources (2016/12/31)
Ramp and Actual Development
Mined Out
Planned Development
100 m
> 30
8.0 to 30.0
4.0 to 8.0
< 4.0
ISLAND GOLD MINE
Eastern Lateral Exploration and
Infill Drilling Program
Drilling results since March 30, 2017 press release
340-588-30
14.15/2.91
340-588-40
23.10/2.40
GD-670-01
4.17/2.44
GD-690-01
15.39/0.89
GD-640-05-3
4.62/2.21
GD-640-05-5
58.34/0.43
GD-640-05-3
13.81/5.20 c.l.
340-588-52
16.16/2.35
340-588-47
16.08/2.18
340-588-45
14.71/2.59
340-588-50
12.52/3.00
Drill Hole Intersections
Au g/t / true width (m)
c.l. : Core length (m)
EASTERN
LATERAL
DRILLING

36. 36
RICHMONT MINE ASSETS
TIMMINS AREA / EXPLORATION PROPERTIES

37. 37
RICHMONT MINES
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.
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.

38. www.richmont-mines.com