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TSX – NYSE MKT: RIC
www.richmont-mines.com
Island Gold Mine
Site Visit  September 30, 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.
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Island Gold Mine
September 30 Site Visit - Agenda
TSX - NYSE MKT: RIC 3Copyright 2015 by Richmont Mines
1. Welcome & Safety Induction
2. Mill & Surface tour
3. Lunch &
Presentation,
Q&A
A. Introduction
Work force, Health & Safety
Sustainability
Jean Bastien, General Manager
B. Geology
Doug Mac Millan, Senior Geologist
Raynald Vincent, Chief Geologist
C. Operations
Development Plans
Mining Studies
Jean Bastien, General Manager
4. Underground visit
5. Core Display Core Shack
6. Presentation 2015 Planned Exploration Drilling Programs
Raynald Vincent, Chief Geologist
7. Departure
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Richmont Mines
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Safety induction
At all times:
No horseplay is tolerated
Each refuge station has a first aid kit.
Tell your tour guide of any injury
immediately.
Have a safe and
pleasant visit
In case of emergency, stay calm, follow instructions from your tour guide and
regroup in the gathering area beside the parking lot. Each area is equipped
with a fire extinguisher
When your outside of the building, PPE should be worn at all times
1. Hard hat
2. Safety glasses
3. Reflecting vest
4. Safety boots
Stay with your guide at all times. If for any reason you lose contact STAY
WHERE YOU ARE and your tour guide will find you.
In case of emergency, stay calm and follow your tour guide’s instructions.
No horseplay is tolerated at any time.
Island Gold Mine
Safety Induction – Main Buildings & Surface
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Island Gold Mine
Safety Induction - Underground
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Underground and surface safety requirements:
1. Tag in prior to going underground
2. Do not exit from vehicles in motion
3. Use 3 points of contact rule when entering/exiting
a 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:
Jean Bastien
General Manager
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Island Gold Mine
Mineralized zones
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RICHMONT MINES
203 Mining Titles
7,168 hectares
Emily Bay
Showing
Argonaut
1,968 he
Dubreuilville
2 km
Island Gold Mine
Management Team
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
Jean Bastien, P. Eng., MBA Sylvain Drolet
GENERAL MANAGER HEALTH AND SAFETY SUPERINTENDENT
Jacques Proulx, Tech. Michael Pahkala, P. Eng.
ASSISTANT GENERAL MANAGER TECHNICAL SERVICES SUPERINTENDENT
Marc Leclair Donald Lachapelle
UNDERGROUND SUPERINTENDENT MAINTENANCE SUPERINTENDENT
Peter Massi Daniel Vachon, P. Eng.
MILL SUPERINTENDENT PROJECTS & PLANNING SUPERINTENDENT
Sylvie Belisle, CHRL Jay Henry, CHRL
H.R. SUPERINTENDENT H.R. SUPERINTENDENT
Maxime Morin Ghislain Cyr
ENVIRONMENT SUPERINTENDENT LOGISTIC & PURCHASING SUPERINTENDENT
Raynald Vincent, P. Eng., M.G.P. Justin Roy,
CHIEF GEOLOGIST CHIEF ENGINEERING
7
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Island Gold Mine
Location Map
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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
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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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Island Gold Mine
Solid Q2 and 6 Month 2015
2015 – a year of repositioning :
 Extensive development work and investment
being completed in 2015 to reposition the mine
for significant long-term growth
 2015 forecasted gold sales: 45,000 – 50,000 ozs
6 month 2015 results on track:
 Record quarterly gold sales: 14,997 ounces
 Record quarterly milled tonnage: 71,584 tonnes
 Mill demonstrated that it can efficiently
operate at current capacity limit of 800 tpd
 H1 2015
 Gold production: 25,761 ounces
 Gold sales: 24,626 ounces
 Cash cost/oz: CAN$1,120 (US$906)
 AISC/oz: CAN$1,501 (US$1,214)
 Q1 CAN$1,643 (US$1,485)
 Q2 CAN$1,307 (US$1,063)
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Island Gold Mine
2015 – Beginning a 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. Mining & milling studies: complete
studies and internal review by year-
end 2015 to determine long-term
growth scenario.
4. Fixed assets & equipment: make
targeted and strategic investments to
position the mine for game-changing
growth.
 Main ramp at -700 m
 East ramp at -480 m
 Drift extended to 478 m
 24,803 m of drilling (def. & del.)
 Studies initiated
 Preliminary results: H2 2015
Power to u/g increased by 700 hp
More upgrades in Q3 & Q4
YTD 2015 PROGRESS
OBJECTIVE
Main ramp to -750
metres, East ramp to
-570 metres
Extend drift to 600
metres; complete
59,000 m of drilling
Evaluating base case
and alternative
mine/mill options
Repositioning &
asset upgrade
investments
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Workforce
Health & Safety
Presented by:
Jean Bastien
General Manager
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Island Gold Mine
Workforce Statistics (as of July 31st , 2015)
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74%
26%
% Local % Non-Local
Total mine site workforce of 384:
 241 employees
 137 contractors
Workforce – local vs. non-local breakdown:
 Successfully increasing local workforce
 Low turnover rate
53%47%
% Local % Non-Local
2008 2014
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Island Gold Mine
Health & Safety
• 4.5 years without a lost time accident
• Mine rescue competition:
 Mine District Champion in 2014
 First Aid Champion 3 years in a row (2013-2015)
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Island Gold Mine
Health & Safety
SAFETY PERFORMANCE
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To be modified
Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015
frequency 12 month 8.7 9.7 5.7 6 5.5 3.5
lost time accident 0 0 0 0 0 0
0
2
4
6
8
10
12
Frequency
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Sustainability
Presented by:
Jean Bastien
General Manager
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• No major non-compliance registered in 2014
• Working on lifting tailing storage facilities by approximately 6 meters,
which would provide an additional minimum 8 years of storage at
current mill capacity of 800 tpd.
• Obtain continuous discharge permit.
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Island Gold Mine
Environment
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Island Gold Mine
Community
First Nations relationships:
• Michipicoten
• Missanabie Cree
Local community of Dubreuilville:
• 17 km away from mine site
• Total population of 900
• Actual Bunkhouse: 80 rooms + kitchen facility
• Plan to add 98 rooms in 2015
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Geology
Presented by:
Doug Mac Millan
Senior Geologist
Raynald Vincent
Chief Geologist
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20
Lake Superior
Marathon
White River
17
25 km
Island Gold Mine
Wawa Geological Sub-province
Wawa
HEMLO
RENABIE
MISHI EDWARDS
ISLAND GOLD
MINE
Proterozoic Plutonic and Volcanic Rocks
Archean Granitoid Plutons
Archean Metasedimentary Terranes
Archean Greenstone Terranes
Fault
Gold Past Producer
Gold Producer
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SUGAR ZONESCHREIBER
EAGLE RIVER
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21
Wawa
Lake Superior
17
10 km
Dubreuilville
519
RENABIE
MISHI
EAGLE RIVER
EDWARDS
ISLAND GOLD
MINE
Archean Granitoid Plutons
Archean Greenstone Terranes
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
21
Past Production 2,800,000 ozs Au
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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 1938,1997-2002
CLINE
Production : 0,3 MT @ 6.5 g/t Au
63 000 oz Au 1938-40, 1947-48
1 km
Lochalsh
Gold Showing
KREMZAR
Production : 0,6 MT @ 4.8 g/t Au
47 000 oz Au 1988-1990
ISLAND GOLD MINE (31/12/2014)
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
Goudreau
Closed Gold Mine
Producing Gold Mine
Richmont Properties
MAGINO
Production : 0,8 MT @ 4.4 g/t Au
114 000 oz Au 1930-40, 1988-92
DEEP C ZONE
Island Gold Mine
Holdings in Area
22
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Ego Deposit
Emily Bay
Showing
Argonaut 1,968 hc.
Dubreuilville
2 km
RICHMONT MINES PROPERTIES
OTHER
OWNERS
Portal Main
Ramp
ISLAND GOLD MINE
Cline
Edwards
Magino
Richmont Mines Inc.
Land Tenure
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RICHMONT MINES
216 Mining Titles
7,696 hectares
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24
Island Gold Mine
Goudreau Lake Deformation Zone
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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
ISLAND GOLD MINE (31/12/2014)
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
Actual Ramp and Drifts
Mined Out
Au g/t / true thickness (metres)
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Island Gold Mine
Isometric View
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515L to 700L
N
E
Lochalsh Island Zone
Extension1
Extn 2
Goudreau Zone
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Island Gold Mine
Isometric View
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N
620 Exploration drift
E
Goudreau Extn 2 Extension 1 Island Zone
Lochalsh
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2000 100
meters
4900m
Island Gold Mine
C Zone - Metal factor (grade x width)
Crown pillar
W E
- 1,000 m
- 500 m
LOCHALSH ISLAND EXT1 EXT2
Interpreted plunge of deposit axis
29
Cut off
(3.75 g/t Au / 2.0 m)
327
30
20
10
5
0
Metal Factor
Grade (g Au/t) x true width (metres)
Average mining grade
(5.84 g/t Au / 2.4 m)
TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
11.25g/t Au / 6.56m
13.3g/t Au / 3.6m
19.8g/t Au / 3.93m
2.04g/t Au / 6.33m
5.06g/t Au / 2.47m
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30
2000 100
meters
4900m
Island Gold Mine
C Zone – Grade (g/t Au)
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Cut Grade
(95g/t Au)
Crown pillar
W E
- 1,000 m
- 500 m
LOCHALSH ISLAND EXT1 EXT2
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Island Gold Mine
C Zone – True width (metres)
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2000 100
meters
4900m
Crown pillar
W E
- 1,000 m
- 500 m
LOCHALSH ISLAND EXT1 EXT2
True width (metres)
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Island Gold Mine
Schematic Section of Main Mineralized Zones
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Overburden
535 Level
620 Level
Island Main
mineralized zones
Inflection
Island Lower
mineralized zones
Actual ramp
and drifts
Crown pillar
-500m
-750m
-250m
50m
100m
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33
TSX - NYSE MKT: RIC 33Copyright 2015 by Richmont Mines
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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34
Planned Dev.
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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
Copyright 2014 by Richmont Mines
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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
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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
ISLAND GOLD MINE (31/12/2014)
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 m 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-14-01C
19.87 g/t Au / 3.93 m
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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 C Zone
41
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Still open at depth... GD14-01C : 19.9 g/t Au over a true width of 3.9 m
1,200 metres below
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43
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DH 425-487-12: NICE DEEP C VEIN - SMOKEY COLOR + VG, NQ SIZE.
Island Gold Mine
Display Core C Zone
43
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Island Gold Mine
Display Core C Zone
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DH 425-487-18 :
1 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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TSX - NYSE MKT: RIC 46Copyright 2015 by Richmont Mines
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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Island Gold Mine
Quality Assurance / Quality Control
 Standard Reference Material inserted at rate of 1:25
in core sample stream for exploration and 1:50 for
production
 Standard Reference Material inserted into every
outgoing chip sample batch (10-25 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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48
Island Gold Mine
Lab Expert vs. Actlabs pulp cross checks
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y = 0.9796x + 0.1558
R² = 0.9941
0
10
20
30
40
50
60
70
80
0 10 20 30 40 50 60 70
ActLabsCrossCheckAug/t
Lab Expert Original Au g/t
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TSX - NYSE MKT: RIC 49
Island Gold Mine
C Ore Zone - Deep Level vs. Upper Level
Copyright 2015 by Richmont Mines
 Higher grades in Island Deep averaging over 8.79 g/t in the current
inferred resource vs. the 5.92 g/t average mined between 2007-2014 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 increasing depth.
 Average zone width of deep resource 4.5 metres width vs. upper zones
averaging 2.7 metres or ~40% width increase (Press release 02/05/13).
 Vg hit ratio is typically 50% or better at depth, compared to 30% in the
upper levels as calculated in the first Deep C resource estimate.
 Structural-alteration corridor enveloping all zones appears to be
widening at depth from about 50 meters to 100 meters.
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Island Gold Mine
Mineral Reserves and Resources
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Goudreau 215 G2
Goudreau
Island 560 C
Approx. 13 cm
Upper Island D
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51
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 a gold
price of US$1,200/oz and an exchange rate of CAN$1.0833=US$1.00. In 2013, a price of US$1,225/oz and an exchange rate of CAN$1.06=US$1.00 were
used. (3) Underground Resources established for the C Zone and six other lateral zones below a vertical depth of -400 metres.
Mineral resources were estimated by 3D block modeling with blocks of 5m x 5m x 2 m for the Upper part and blocks of 10m x 10m x 5m for the lower part
of the mine. Grade estimation was done by ordinary Kriging or ID2
51
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
P & P Reserves 2
(above -400 m) 463,000 6.04 90,000 644,500 6.01 124,450
P & P Reserves 2,3
(below -400 m) 431,500 6.76 93,750 88,500 6.70 19,050
Total P & P Reserves 2
895,000 6.39 183,750 733,000 6.09 143,500
M & I Resources (above -400 m) 295,500 6.83 64,850 283,500 7.07 64,450
Indicated Resources3
(below -400 m) 438,000 10.95 154,200 456,000 11.52 168,900
Total M & I 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
Copyright 2015 by Richmont Mines
Island Gold Mine
Mineral Estimated Reserves & Resources
TSX - NYSE MKT: RIC
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
52
Copyright 2015 by Richmont Mines 52TSX - NYSE MKT: RIC
Island Gold Mine
Resource Drilling Parameters
 Measured Resources:
DDH Spacing: 20 metres and less
within 8 metres of an U/G opening (raise, sill, stope)
 Indicated Resources:
DDH Spacing: 20-25 metres
no U/G openings, good continuity of mineralization
 Inferred Resources:
DDH Spacing: more than 25 metres, wider spacing
 Limit of resources block defined on longitudinal section with a
maximum of 30 metres from a DDH
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
53
190 Level
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 2015 Mining Area
Mined out
Resources 31/12/2014 Actual Ramp and Drifts
Extend ramp systems
Exploration/definition
drift on the -620 m level
Reserves 31/12/2014
Dyke
Dyke
Drill hole intersections+
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
54
Island Gold Mine
Highlights Results of Face Sampling – C Zone
54TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
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 95 6.96 3.1
610W 99 7.34 2.6
635W 167 12.52 2.5
655W 77 10.67 2.7
535E 34 12.05 2.4
560E 109 6.59 3.0
585E 152 8.73 3.8
610E 162 7.64 3.1
635E 142 8.65 2.9
655E 83 8.15 2.9
 Results of development (up to September 28, 2015)
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
55
Island Gold Mine
2015 Planned Development & Drilling Activities
190 Level
Crown pillar
W E
- 1,000 m
- 500 m
GOUDREAULOCHALSH ISLAND EXT1 EXT2
TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
Definition drilling 14,500 m
2015 Planned Ramp and Drift Development
Conceptual Development
2015 Planned Ore Development
2015 Stoping
Mined out
Reserves – Resources 31/12/2014
Actual Ramp and Drifts
55
2015 PLANNED DRILLING
Drilling will define & delineate between
-500 metres and – 860 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 m length
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
56
Operations
Presented by:
Jean Bastien
General Manager
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
57
TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines 57
Island Gold Mine
Mining Methods
Production Drilling
1.5mx1.5m spacing
Φ2½”
Slot Raise 1.8mx1.8m
 Mining is done using long-hole stoping
 100% long-hole stoping anticipated for below 400 metres
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
58
58
Island Gold Mine
Mine Sequencing
 Pull void is used to create void for the next blast
 Cables are used in the walls between rings for ground support
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
59
Island Gold Mine
Mill Details
TSX - NYSE MKT: RIC 59Copyright 2015 by Richmont Mines
 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, average capacity around 800 tpd
 Permitted capacity of 900 tpd
 2014 scoping study determined that the mill can be expanded to
1,200 tpd, at a cost of $20 million
 Jaw crusher and cone crusher replaced in 2014
 Screening capacity will be increased in 2015
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
60
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
61
TSX - NYSE MKT: RIC 61Copyright 2015 by Richmont Mines
Island Gold Mine
Mill Flowsheet – 1 of 2
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
62
TSX - NYSE MKT: RIC 62Copyright 2015 by Richmont Mines
Island Gold Mine
Mill Flowsheet – 2 of 2
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
63
63Copyright 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
Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC
64
64
Island Gold Mine
Mining Unit Cost Opportunity
TSX - NYSE MKT: RIC
Near-term opportunity: lower the mining cost by returning to historical
development ratio
UnitMiningCost
% of Development Ore of Total Ore Mined
Long-term planned ratio
© 2015 by Richmont Mines
0
50
100
150
200
250
0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0%
Long-term planned ratio
Q1 2015
Q2 2015
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
65
2015
Development
Plans
Presented by:
Jean Bastien
General Manager
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
66
TSX - NYSE MKT: RIC 66
Island Gold Mine
Well Positioned for Growth
Copyright 2015 by Richmont Mines
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
streams.
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
67
ISLAND GOLD MINE
OCTOBER SHUTDOWN…. (MILL)
• Service the NGR (Neutral Ground Resistor) at the
portal and mill substation
• The main mill transformer will be replaced
• Increase screening capacity in the crushing plant
• Gear (Pinion and Bull gear) - Non Destructive Testing
• Replace pinion on re-grind mill
• Installation and commissioning of new Dust Collector
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
68
ISLAND GOLD MINE
OCTOBER SHUTDOWN…. (UNDERGROUND)
• Service main fan on original vent raise
• Replace main portal transformer
• Replace substations at 125, 190 G1, and 390.
• Remove obsolete ducting and cables
• Leaky feeder installation
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
69
TSX - NYSE MKT: RIC 69Copyright 2015 by Richmont Mines
Island Gold Mine
October Shutdown (Underground)
• Drill and blast bumps and corners in the
main ramp
• Drill and install rabbit ears on pipe
• Repair and install new sprinkler system
• Install 8 inch discharge pipe from 125 to
portal
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
70
Mining Studies
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
71
71
Island Gold Mine
Milling and Mining Studies
SVP vérifier,
clarifier ou
ajouter de l’info
Island Gold Mine - Studies
TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines 71
East
Update on mining studies will consist of:
- Optimization of Base Case scenario (800 tpd) with respective 2017-2022
production & costs estimates
- Expanded scenario based on increased capacity with a third mining
horizon open in 2017
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
72
TSX - NYSE MKT: RIC 72Copyright 2015 by Richmont Mines
Ontario Quebec
Island Gold Mine
Mining Studies
 Mining - Phase 1 Analysis:
 Mining of reserves, indicated and inferred resources from level -450 to level -860
considered for the studies
 Over 2M tonnes of ore considered part of Phase 1, excluding isolated inferred
resource blocks.
 3 mining horizons created: (from 635 up, between 635 and 740 and between 740 and 860)
 Long-hole mining method considered for Phase 1
 Optimization of Base Case scenario (800 tpd by ramp):
 Mining by ramp down to level -860
 Optimization of mine plan (mining & development sequence)
 5 year forecast (2017-2022) for production, opex and capex
 Base case extended scenario to 900 tpd (average permitted level)
 Expanded Scenario Analysis:
 Analysis of the new mining capacity reached once third mining horizon (above
level -860) is open in 2017.
 Optimization of mine plan and respective 5 year forecast (2017-2022)
 Two scenarios contemplated:
 (1) Full shaft and (2) New haulage ramp direct to mill from level -450
 Expanded scenario to be brought to PEA level H1 2016
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
73
TSX – NYSE MKT: RIC
www.richmont-mines.com
Island Gold Mine
2015 Planned Exploration Drilling programs
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
74
Island Gold Mine
2015 Planned Development & Drilling Activities
190 Level
Crown pillar
W E
- 1,000 m
- 500 m
GOUDREAULOCHALSH ISLAND EXT1 EXT2
TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
Definition drilling 14,500 m
2015 Planned Ramp and Drift Development
Conceptual Development
2015 Planned Ore Development
2015 Stoping
Mined out
Reserves – Resources 31/12/2014
Actual Ramp and Drifts
74
2015 PLANNED DRILLING
Drilling will define & delineate between
-500 metres and – 860 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 m length
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
75
Island Gold Mine
2015 Planned U/G Exploration Drilling (41,000 m)
190 Level
Crown pillar
W E
- 1,000 m
- 500 m
GOUDREAULOCHALSH ISLAND EXT1 EXT2
TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
Mined out
Reserves – Resources
31/12/2014
Actual Ramp and Drifts
C Zone Intersections (Au cut 95 g/t)
Au g/t / true thickness (metres)
400-528-10
4.44 / 6.07
400-528-10
4.79 / 2.87
GD-14-01C
19.87 / 3.93
Previous holes
GDE-10-14
1.96 / 1.67
GDE-10-15
3.99 / 2.15
GDE-10-16
9.93 / 1.07
GDE-10-12
4.94 / 2.77
5,000 m drilling
from 450 level 5,000 m drilling
from 340 level
400-528-09
7.44 / 8.49
GDE-10-12
4.89 / 4.16
GDE-10-12
6.28 / 1.97
Assays pending
31,000 m drilling
from 620 level
400-514-52
13.30 / 3.60
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
76
Island Gold Mine
2015 Planned Surface Exploration Drilling
190 Level
Crown pillar
W E
- 1,000 m
- 500 m
GOUDREAULOCHALSH ISLAND EXT1 EXT2
TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
Mined out
Reserves – Resources
31/12/2014
Actual Ramp and Drifts
C Zone Intersections (Au cut 95 g/t)
Au g/t / true thickness (metres)
400-528-10
4.44 / 6.07
400-528-10
4.79 / 2.87
GD-14-01C
19.87 / 3.93
Previous holes
GDE-10-14
1.96 / 1.67
GDE-10-15
3.99 / 2.15
GDE-10-16
9.93 / 1.07
GDE-10-12
4.94 / 2.77
400-528-09
7.44 / 8.49
GDE-10-12
4.89 / 4.16
GDE-10-12
6.28 / 1.97
Assays pending
8,500 metres of drilling
2,500 m from surface +
6,000 m from Level 190
7,000 m drilling
from surface
23,000 m
drilling
from surface
190-419-12
21.12 (17.33 cut) / 4.78 c.l.
LC-388-01
5.73 / 2.70 c.l.
400-514-52
13.30 / 3.60
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
77
2000 100
meters
4900m
Island Gold Mine
C Zone - Metal factor (grade x width)
Crown pillar
W E
- 1,000 m
- 500 m
LOCHALSH ISLAND EXT1 EXT2
Interpreted plunge of deposit axis
77
Cut off
(3.75 g/t Au / 2.0 m)
327
30
20
10
5
0
Metal Factor
Grade (g Au/t) x true width (metres)
Average mining grade
(5.84 g/t Au / 2.4 m)
TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
11.25g/t Au / 6.56m
13.3g/t Au / 3.6m
19.8g/t Au / 3.93m
2.04g/t Au / 6.33m
5.06g/t Au / 2.47m
Copyright 2014 by Richmont Mines Inc. TSX – NYSE MKT : RIC www.richmont-mines.com
Island Gold Mine
2015 -2016 Deep Directional Drilling Program
190 Level
Crown pillar
W EGOUDREAULOCHALSH ISLAND EXT1 EXT2
TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
400-528-10
4.44 / 6.07
400-528-10
4.79 / 2.87
GD-14-01C
19.87 / 3.93
400-514-52
11.25 / 6.56
- 500 m
- 1,000 m
- 1,500 m
Actual Ramp and Drifts
Gold Zone Intersections (Au cut 95 g/t)
Au g/t / true thickness (metres)
Previous holes
Target
Reserves – Resources
31/12/2014
Mined out
Deep directional exploration from surface
(23,000 metres)
400-514-52
13.30 / 3.60
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
79
Island Gold Mine
2015 Planned Exploration Drilling
190 Level
Crown pillar
W E
- 1,000 m
- 500 m
GOUDREAULOCHALSH ISLAND EXT1 EXT2
TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
Mined out
Reserves – Resources
31/12/2014
Actual Ramp and Drifts
C Zone Intersections (Au cut 95 g/t)
Au g/t / true thickness (metres)
400-528-10
4.44 / 6.07
400-528-10
4.79 / 2.87
GD-14-01C
19.87 / 3.93
Underground exploration 41,000 m
Lateral extension exploration 15,000 m
2015 Exploration Drilling
Previous holes
GDE-10-14
1.96 / 1.67
GDE-10-15
3.99 / 2.15
GDE-10-16
9.93 / 1.07
GDE-10-12
4.94 / 2.77
5,000 m drilling
from 450 level 5,000 m drilling
from 340 level
400-528-09
7.44 / 8.49
GDE-10-12
4.89 / 4.16
GDE-10-12
6.28 / 1.97
Assays pending
31,000 m drilling
from 620 level
7,000 m drilling
from surface
23,000 m
drilling
from surface
Surface deep directional exploration 23,000 m
8,500 metres of drilling
2,500 m from surface +
6,000 m from Level 190
190-419-12
21.12 (17.33 cut) / 4.78 c.l.
LC-388-01
5.73 / 2.70 c.l.
Copyright 2014 by Richmont Mines Inc. TSX – NYSE MKT : RIC www.richmont-mines.com


 

Island Gold Mine
Planned Regional Surface Exploration Drilling
TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
Mill
Maskinonge
lake
MAGINO MINE
(1988-1992 & 1933-1939)
114,000 oz Au
0.8 MT @ 4.4 g/t Au
MAGINO OPEN PIT (Resources)
158 MT @ 1.03 g/t Au
5.2 million oz Au
CLINE MINE (1938-1942)
63,000 oz Au
0.3 MT @ 6.5 g/t Au
EDWARDS MINE
(1996-2002 & 1936-1937)
144, 000 oz Au
0.5 MT @ 11.0 g/t Au
KREMZAR MINE (1988-1990)
47,000 oz Au
0.6 MT @ 4.8 g/t Au
ISLAND GOLD MINE (31/12/2014)
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
East Extension
West Extension
- 1,000 m
- 500 m
- 1,500 m
MAGINO ISLAND GOLD EDWARDS CLINE
Richmont
Richmont
Argonaut
StrikeMinerals
Drilling target
2015 Surface Exploration Program (7,500 m)
1 km
GDE-10-15
3.99 / 2.9
GDE-10-16
9.93 / 1.8
GD-11-06
10.90 / 1.2
Gold Zone Intersections (Au uncut g/t)
Au g/t / core length (metres)
LC-388-01
5.73 / 2.7
ClineMiningCorp.
East
Extension
West
Extension
Copyright 2014 by Richmont Mines Inc. TSX – NYSE MKT : RIC www.richmont-mines.com
TSX – NYSE MKT: RIC
www.richmont-mines.com

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Island Gold Mine - Sept. 30 2015 Site Tour

  • 1. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 1 TSX – NYSE MKT: RIC www.richmont-mines.com Island Gold Mine Site Visit  September 30, 2015
  • 2. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 2 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
  • 3. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 3 Island Gold Mine September 30 Site Visit - Agenda TSX - NYSE MKT: RIC 3Copyright 2015 by Richmont Mines 1. Welcome & Safety Induction 2. Mill & Surface tour 3. Lunch & Presentation, Q&A A. Introduction Work force, Health & Safety Sustainability Jean Bastien, General Manager B. Geology Doug Mac Millan, Senior Geologist Raynald Vincent, Chief Geologist C. Operations Development Plans Mining Studies Jean Bastien, General Manager 4. Underground visit 5. Core Display Core Shack 6. Presentation 2015 Planned Exploration Drilling Programs Raynald Vincent, Chief Geologist 7. Departure
  • 4. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 4 Copyright 2015 by Richmont Mines 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 instructions from your tour guide and regroup in the gathering area beside the parking lot. Each area is equipped with a fire extinguisher When your outside of the building, PPE should be worn at all times 1. Hard hat 2. Safety glasses 3. Reflecting vest 4. Safety boots Stay with your guide at all times. If for any reason you lose contact STAY WHERE YOU ARE and your tour guide will find you. In case of emergency, stay calm and follow your tour guide’s instructions. No horseplay is tolerated at any time. Island Gold Mine Safety Induction – Main Buildings & Surface
  • 5. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 5 Island Gold Mine Safety Induction - Underground TSX - NYSE MKT: RIC 5Copyright 2015 by Richmont Mines Underground and surface safety requirements: 1. Tag in prior to going underground 2. Do not exit from vehicles in motion 3. Use 3 points of contact rule when entering/exiting a 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.
  • 6. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 6 Introduction Presented by: Jean Bastien General Manager
  • 7. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 7 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 Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC Jean Bastien, P. Eng., MBA Sylvain Drolet GENERAL MANAGER HEALTH AND SAFETY SUPERINTENDENT Jacques Proulx, Tech. Michael Pahkala, P. Eng. ASSISTANT GENERAL MANAGER TECHNICAL SERVICES SUPERINTENDENT Marc Leclair Donald Lachapelle UNDERGROUND SUPERINTENDENT MAINTENANCE SUPERINTENDENT Peter Massi Daniel Vachon, P. Eng. MILL SUPERINTENDENT PROJECTS & PLANNING SUPERINTENDENT Sylvie Belisle, CHRL Jay Henry, CHRL H.R. SUPERINTENDENT H.R. SUPERINTENDENT Maxime Morin Ghislain Cyr ENVIRONMENT SUPERINTENDENT LOGISTIC & PURCHASING SUPERINTENDENT Raynald Vincent, P. Eng., M.G.P. Justin Roy, CHIEF GEOLOGIST CHIEF ENGINEERING 7
  • 8. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 8 TSX - NYSE MKT: RIC 8 Island Gold Mine Location Map Copyright 2015 by Richmont Mines
  • 9. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 9 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 9TSX - 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
  • 10. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 10 10 Island Gold Mine Solid Q2 and 6 Month 2015 2015 – a year of repositioning :  Extensive development work and investment being completed in 2015 to reposition the mine for significant long-term growth  2015 forecasted gold sales: 45,000 – 50,000 ozs 6 month 2015 results on track:  Record quarterly gold sales: 14,997 ounces  Record quarterly milled tonnage: 71,584 tonnes  Mill demonstrated that it can efficiently operate at current capacity limit of 800 tpd  H1 2015  Gold production: 25,761 ounces  Gold sales: 24,626 ounces  Cash cost/oz: CAN$1,120 (US$906)  AISC/oz: CAN$1,501 (US$1,214)  Q1 CAN$1,643 (US$1,485)  Q2 CAN$1,307 (US$1,063) TSX - NYSE MKT: RIC © 2015 by Richmont Mines
  • 11. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 11 11TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines Island Gold Mine 2015 – Beginning a 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. Mining & milling studies: complete studies and internal review by year- end 2015 to determine long-term growth scenario. 4. Fixed assets & equipment: make targeted and strategic investments to position the mine for game-changing growth.  Main ramp at -700 m  East ramp at -480 m  Drift extended to 478 m  24,803 m of drilling (def. & del.)  Studies initiated  Preliminary results: H2 2015 Power to u/g increased by 700 hp More upgrades in Q3 & Q4 YTD 2015 PROGRESS OBJECTIVE Main ramp to -750 metres, East ramp to -570 metres Extend drift to 600 metres; complete 59,000 m of drilling Evaluating base case and alternative mine/mill options Repositioning & asset upgrade investments
  • 12. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 12 Workforce Health & Safety Presented by: Jean Bastien General Manager
  • 13. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 13 Island Gold Mine Workforce Statistics (as of July 31st , 2015) TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines 13 74% 26% % Local % Non-Local Total mine site workforce of 384:  241 employees  137 contractors Workforce – local vs. non-local breakdown:  Successfully increasing local workforce  Low turnover rate 53%47% % Local % Non-Local 2008 2014
  • 14. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 14 Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 14 Island Gold Mine Health & Safety • 4.5 years without a lost time accident • Mine rescue competition:  Mine District Champion in 2014  First Aid Champion 3 years in a row (2013-2015)
  • 15. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 15 Island Gold Mine Health & Safety SAFETY PERFORMANCE Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 15 To be modified Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 frequency 12 month 8.7 9.7 5.7 6 5.5 3.5 lost time accident 0 0 0 0 0 0 0 2 4 6 8 10 12 Frequency
  • 16. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 16 Sustainability Presented by: Jean Bastien General Manager
  • 17. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 17 • No major non-compliance registered in 2014 • Working on lifting tailing storage facilities by approximately 6 meters, which would provide an additional minimum 8 years of storage at current mill capacity of 800 tpd. • Obtain continuous discharge permit. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 17 Island Gold Mine Environment
  • 18. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 18 Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 18 Island Gold Mine Community First Nations relationships: • Michipicoten • Missanabie Cree Local community of Dubreuilville: • 17 km away from mine site • Total population of 900 • Actual Bunkhouse: 80 rooms + kitchen facility • Plan to add 98 rooms in 2015
  • 19. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 19 Geology Presented by: Doug Mac Millan Senior Geologist Raynald Vincent Chief Geologist
  • 20. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 20 Lake Superior Marathon White River 17 25 km Island Gold Mine Wawa Geological Sub-province Wawa HEMLO RENABIE MISHI EDWARDS ISLAND GOLD MINE Proterozoic Plutonic and Volcanic Rocks Archean Granitoid Plutons Archean Metasedimentary Terranes Archean Greenstone Terranes Fault Gold Past Producer Gold Producer TSX - NYSE MKT: RIC 20Copyright 2014 by Richmont Mines SUGAR ZONESCHREIBER EAGLE RIVER
  • 21. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 21 Wawa Lake Superior 17 10 km Dubreuilville 519 RENABIE MISHI EAGLE RIVER EDWARDS ISLAND GOLD MINE Archean Granitoid Plutons Archean Greenstone Terranes 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 21 Past Production 2,800,000 ozs Au TSX - NYSE MKT: RIC Copyright 2014 by Richmont Mines Island Gold Mine Wawa Gold Camp
  • 22. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 22 Mill EDWARDS Production : 0,5 MT @ 11.0 g/t Au 144 000 oz Au 1938,1997-2002 CLINE Production : 0,3 MT @ 6.5 g/t Au 63 000 oz Au 1938-40, 1947-48 1 km Lochalsh Gold Showing KREMZAR Production : 0,6 MT @ 4.8 g/t Au 47 000 oz Au 1988-1990 ISLAND GOLD MINE (31/12/2014) 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 Goudreau Closed Gold Mine Producing Gold Mine Richmont Properties MAGINO Production : 0,8 MT @ 4.4 g/t Au 114 000 oz Au 1930-40, 1988-92 DEEP C ZONE Island Gold Mine Holdings in Area 22
  • 23. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 23 Ego Deposit Emily Bay Showing Argonaut 1,968 hc. Dubreuilville 2 km RICHMONT MINES PROPERTIES OTHER OWNERS Portal Main Ramp ISLAND GOLD MINE Cline Edwards Magino Richmont Mines Inc. Land Tenure TSX - NYSE MKT: RIC 23Copyright 2015 by Richmont Mines RICHMONT MINES 216 Mining Titles 7,696 hectares
  • 24. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 24 Island Gold Mine Goudreau Lake Deformation Zone TSX - NYSE MKT: RIC 24Copyright 2014 by Richmont Mines 5 km N
  • 25. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 25 Island Gold Mine Showings and Deposits TSX - NYSE MKT: RIC 25Copyright 2014 by Richmont Mines
  • 26. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 26 TSX - NYSE MKT: RIC 26Copyright 2015 by Richmont Mines Island Gold Mine 2014 Mineral Reserves and Resources ISLAND GOLD MINE (31/12/2014) 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 Actual Ramp and Drifts Mined Out Au g/t / true thickness (metres)
  • 27. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 27 Island Gold Mine Isometric View 27TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines 515L to 700L N E Lochalsh Island Zone Extension1 Extn 2 Goudreau Zone
  • 28. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 28 Island Gold Mine Isometric View 28TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines N 620 Exploration drift E Goudreau Extn 2 Extension 1 Island Zone Lochalsh
  • 29. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 29 2000 100 meters 4900m Island Gold Mine C Zone - Metal factor (grade x width) Crown pillar W E - 1,000 m - 500 m LOCHALSH ISLAND EXT1 EXT2 Interpreted plunge of deposit axis 29 Cut off (3.75 g/t Au / 2.0 m) 327 30 20 10 5 0 Metal Factor Grade (g Au/t) x true width (metres) Average mining grade (5.84 g/t Au / 2.4 m) TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines 11.25g/t Au / 6.56m 13.3g/t Au / 3.6m 19.8g/t Au / 3.93m 2.04g/t Au / 6.33m 5.06g/t Au / 2.47m
  • 30. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 30 2000 100 meters 4900m Island Gold Mine C Zone – Grade (g/t Au) 30TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines Cut Grade (95g/t Au) Crown pillar W E - 1,000 m - 500 m LOCHALSH ISLAND EXT1 EXT2
  • 31. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 31 Island Gold Mine C Zone – True width (metres) 31TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines 2000 100 meters 4900m Crown pillar W E - 1,000 m - 500 m LOCHALSH ISLAND EXT1 EXT2 True width (metres)
  • 32. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 32 Island Gold Mine Schematic Section of Main Mineralized Zones 32TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines Overburden 535 Level 620 Level Island Main mineralized zones Inflection Island Lower mineralized zones Actual ramp and drifts Crown pillar -500m -750m -250m 50m 100m
  • 33. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 33 TSX - NYSE MKT: RIC 33Copyright 2015 by Richmont Mines 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
  • 34. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 34 Planned Dev. TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines 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
  • 35. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 35 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
  • 36. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 36 TSX - NYSE MKT: RIC 36 Island Gold Mine Copyright 2014 by Richmont Mines
  • 37. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 37 Island Gold Mine Shear and Extensional Veining TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines 37
  • 38. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 38 TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines 38 Island Gold Mine Goudreau Zone Gold Vein
  • 39. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 39 Island Gold Mine Island 560 Sill 39TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines ISLAND 560C Approx. 13 cm
  • 40. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 40 TSX - NYSE MKT: RIC 40Copyright 2015 by Richmont Mines Island Gold Mine Composite Longitudinal Section, Lower Zones 400-514-18 30.0 g/t Au / 9.55 m ISLAND GOLD MINE (31/12/2014) 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 m 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-14-01C 19.87 g/t Au / 3.93 m
  • 41. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 41 TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines 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 C Zone 41
  • 42. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 42 42TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines Still open at depth... GD14-01C : 19.9 g/t Au over a true width of 3.9 m 1,200 metres below
  • 43. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 43 TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines DH 425-487-12: NICE DEEP C VEIN - SMOKEY COLOR + VG, NQ SIZE. Island Gold Mine Display Core C Zone 43
  • 44. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 44 Island Gold Mine Display Core C Zone TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines 44 DH 425-487-18 : 1 CM AU STRINGER AT 9,240 G/T AU SAMPLE LENGTH OF 30 CM.
  • 45. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 45 TSX - NYSE MKT: RIC 45Copyright 2014 by Richmont Mines Island Gold Mine Description of Gold Particles
  • 46. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 46 TSX - NYSE MKT: RIC 46Copyright 2015 by Richmont Mines 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.
  • 47. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 47 Copyright 2015by Richmont Mines 47TSX - NYSE MKT: RIC Island Gold Mine Quality Assurance / Quality Control  Standard Reference Material inserted at rate of 1:25 in core sample stream for exploration and 1:50 for production  Standard Reference Material inserted into every outgoing chip sample batch (10-25 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
  • 48. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 48 Island Gold Mine Lab Expert vs. Actlabs pulp cross checks TSX - NYSE MKT: RIC Copyright 2014 by Richmont Mines 48 y = 0.9796x + 0.1558 R² = 0.9941 0 10 20 30 40 50 60 70 80 0 10 20 30 40 50 60 70 ActLabsCrossCheckAug/t Lab Expert Original Au g/t
  • 49. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 49 TSX - NYSE MKT: RIC 49 Island Gold Mine C Ore Zone - Deep Level vs. Upper Level Copyright 2015 by Richmont Mines  Higher grades in Island Deep averaging over 8.79 g/t in the current inferred resource vs. the 5.92 g/t average mined between 2007-2014 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 increasing depth.  Average zone width of deep resource 4.5 metres width vs. upper zones averaging 2.7 metres or ~40% width increase (Press release 02/05/13).  Vg hit ratio is typically 50% or better at depth, compared to 30% in the upper levels as calculated in the first Deep C resource estimate.  Structural-alteration corridor enveloping all zones appears to be widening at depth from about 50 meters to 100 meters.
  • 50. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 50 Island Gold Mine Mineral Reserves and Resources 50TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines Goudreau 215 G2 Goudreau Island 560 C Approx. 13 cm Upper Island D
  • 51. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 51 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 a gold price of US$1,200/oz and an exchange rate of CAN$1.0833=US$1.00. In 2013, a price of US$1,225/oz and an exchange rate of CAN$1.06=US$1.00 were used. (3) Underground Resources established for the C Zone and six other lateral zones below a vertical depth of -400 metres. Mineral resources were estimated by 3D block modeling with blocks of 5m x 5m x 2 m for the Upper part and blocks of 10m x 10m x 5m for the lower part of the mine. Grade estimation was done by ordinary Kriging or ID2 51 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 P & P Reserves 2 (above -400 m) 463,000 6.04 90,000 644,500 6.01 124,450 P & P Reserves 2,3 (below -400 m) 431,500 6.76 93,750 88,500 6.70 19,050 Total P & P Reserves 2 895,000 6.39 183,750 733,000 6.09 143,500 M & I Resources (above -400 m) 295,500 6.83 64,850 283,500 7.07 64,450 Indicated Resources3 (below -400 m) 438,000 10.95 154,200 456,000 11.52 168,900 Total M & I 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 Copyright 2015 by Richmont Mines Island Gold Mine Mineral Estimated Reserves & Resources TSX - NYSE MKT: RIC
  • 52. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 52 Copyright 2015 by Richmont Mines 52TSX - NYSE MKT: RIC Island Gold Mine Resource Drilling Parameters  Measured Resources: DDH Spacing: 20 metres and less within 8 metres of an U/G opening (raise, sill, stope)  Indicated Resources: DDH Spacing: 20-25 metres no U/G openings, good continuity of mineralization  Inferred Resources: DDH Spacing: more than 25 metres, wider spacing  Limit of resources block defined on longitudinal section with a maximum of 30 metres from a DDH
  • 53. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 53 190 Level 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 2015 Mining Area Mined out Resources 31/12/2014 Actual Ramp and Drifts Extend ramp systems Exploration/definition drift on the -620 m level Reserves 31/12/2014 Dyke Dyke Drill hole intersections+
  • 54. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 54 Island Gold Mine Highlights Results of Face Sampling – C Zone 54TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines 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 95 6.96 3.1 610W 99 7.34 2.6 635W 167 12.52 2.5 655W 77 10.67 2.7 535E 34 12.05 2.4 560E 109 6.59 3.0 585E 152 8.73 3.8 610E 162 7.64 3.1 635E 142 8.65 2.9 655E 83 8.15 2.9  Results of development (up to September 28, 2015)
  • 55. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 55 Island Gold Mine 2015 Planned Development & Drilling Activities 190 Level Crown pillar W E - 1,000 m - 500 m GOUDREAULOCHALSH ISLAND EXT1 EXT2 TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines Definition drilling 14,500 m 2015 Planned Ramp and Drift Development Conceptual Development 2015 Planned Ore Development 2015 Stoping Mined out Reserves – Resources 31/12/2014 Actual Ramp and Drifts 55 2015 PLANNED DRILLING Drilling will define & delineate between -500 metres and – 860 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 m length
  • 56. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 56 Operations Presented by: Jean Bastien General Manager
  • 57. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 57 TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines 57 Island Gold Mine Mining Methods Production Drilling 1.5mx1.5m spacing Φ2½” Slot Raise 1.8mx1.8m  Mining is done using long-hole stoping  100% long-hole stoping anticipated for below 400 metres
  • 58. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 58 58 Island Gold Mine Mine Sequencing  Pull void is used to create void for the next blast  Cables are used in the walls between rings for ground support Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
  • 59. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 59 Island Gold Mine Mill Details TSX - NYSE MKT: RIC 59Copyright 2015 by Richmont Mines  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, average capacity around 800 tpd  Permitted capacity of 900 tpd  2014 scoping study determined that the mill can be expanded to 1,200 tpd, at a cost of $20 million  Jaw crusher and cone crusher replaced in 2014  Screening capacity will be increased in 2015
  • 60. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 60
  • 61. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 61 TSX - NYSE MKT: RIC 61Copyright 2015 by Richmont Mines Island Gold Mine Mill Flowsheet – 1 of 2
  • 62. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 62 TSX - NYSE MKT: RIC 62Copyright 2015 by Richmont Mines Island Gold Mine Mill Flowsheet – 2 of 2
  • 63. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 63 63Copyright 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
  • 64. Copyright 2014 by Richmont MinesTSX - NYSE MKT: RIC 64 64 Island Gold Mine Mining Unit Cost Opportunity TSX - NYSE MKT: RIC Near-term opportunity: lower the mining cost by returning to historical development ratio UnitMiningCost % of Development Ore of Total Ore Mined Long-term planned ratio © 2015 by Richmont Mines 0 50 100 150 200 250 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% Long-term planned ratio Q1 2015 Q2 2015
  • 65. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 65 2015 Development Plans Presented by: Jean Bastien General Manager
  • 66. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 66 TSX - NYSE MKT: RIC 66 Island Gold Mine Well Positioned for Growth Copyright 2015 by Richmont Mines 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 streams.
  • 67. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 67 ISLAND GOLD MINE OCTOBER SHUTDOWN…. (MILL) • Service the NGR (Neutral Ground Resistor) at the portal and mill substation • The main mill transformer will be replaced • Increase screening capacity in the crushing plant • Gear (Pinion and Bull gear) - Non Destructive Testing • Replace pinion on re-grind mill • Installation and commissioning of new Dust Collector
  • 68. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 68 ISLAND GOLD MINE OCTOBER SHUTDOWN…. (UNDERGROUND) • Service main fan on original vent raise • Replace main portal transformer • Replace substations at 125, 190 G1, and 390. • Remove obsolete ducting and cables • Leaky feeder installation
  • 69. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 69 TSX - NYSE MKT: RIC 69Copyright 2015 by Richmont Mines Island Gold Mine October Shutdown (Underground) • Drill and blast bumps and corners in the main ramp • Drill and install rabbit ears on pipe • Repair and install new sprinkler system • Install 8 inch discharge pipe from 125 to portal
  • 70. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 70 Mining Studies
  • 71. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 71 71 Island Gold Mine Milling and Mining Studies SVP vérifier, clarifier ou ajouter de l’info Island Gold Mine - Studies TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines 71 East Update on mining studies will consist of: - Optimization of Base Case scenario (800 tpd) with respective 2017-2022 production & costs estimates - Expanded scenario based on increased capacity with a third mining horizon open in 2017
  • 72. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 72 TSX - NYSE MKT: RIC 72Copyright 2015 by Richmont Mines Ontario Quebec Island Gold Mine Mining Studies  Mining - Phase 1 Analysis:  Mining of reserves, indicated and inferred resources from level -450 to level -860 considered for the studies  Over 2M tonnes of ore considered part of Phase 1, excluding isolated inferred resource blocks.  3 mining horizons created: (from 635 up, between 635 and 740 and between 740 and 860)  Long-hole mining method considered for Phase 1  Optimization of Base Case scenario (800 tpd by ramp):  Mining by ramp down to level -860  Optimization of mine plan (mining & development sequence)  5 year forecast (2017-2022) for production, opex and capex  Base case extended scenario to 900 tpd (average permitted level)  Expanded Scenario Analysis:  Analysis of the new mining capacity reached once third mining horizon (above level -860) is open in 2017.  Optimization of mine plan and respective 5 year forecast (2017-2022)  Two scenarios contemplated:  (1) Full shaft and (2) New haulage ramp direct to mill from level -450  Expanded scenario to be brought to PEA level H1 2016
  • 73. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 73 TSX – NYSE MKT: RIC www.richmont-mines.com Island Gold Mine 2015 Planned Exploration Drilling programs
  • 74. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 74 Island Gold Mine 2015 Planned Development & Drilling Activities 190 Level Crown pillar W E - 1,000 m - 500 m GOUDREAULOCHALSH ISLAND EXT1 EXT2 TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines Definition drilling 14,500 m 2015 Planned Ramp and Drift Development Conceptual Development 2015 Planned Ore Development 2015 Stoping Mined out Reserves – Resources 31/12/2014 Actual Ramp and Drifts 74 2015 PLANNED DRILLING Drilling will define & delineate between -500 metres and – 860 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 m length
  • 75. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 75 Island Gold Mine 2015 Planned U/G Exploration Drilling (41,000 m) 190 Level Crown pillar W E - 1,000 m - 500 m GOUDREAULOCHALSH ISLAND EXT1 EXT2 TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines Mined out Reserves – Resources 31/12/2014 Actual Ramp and Drifts C Zone Intersections (Au cut 95 g/t) Au g/t / true thickness (metres) 400-528-10 4.44 / 6.07 400-528-10 4.79 / 2.87 GD-14-01C 19.87 / 3.93 Previous holes GDE-10-14 1.96 / 1.67 GDE-10-15 3.99 / 2.15 GDE-10-16 9.93 / 1.07 GDE-10-12 4.94 / 2.77 5,000 m drilling from 450 level 5,000 m drilling from 340 level 400-528-09 7.44 / 8.49 GDE-10-12 4.89 / 4.16 GDE-10-12 6.28 / 1.97 Assays pending 31,000 m drilling from 620 level 400-514-52 13.30 / 3.60
  • 76. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 76 Island Gold Mine 2015 Planned Surface Exploration Drilling 190 Level Crown pillar W E - 1,000 m - 500 m GOUDREAULOCHALSH ISLAND EXT1 EXT2 TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines Mined out Reserves – Resources 31/12/2014 Actual Ramp and Drifts C Zone Intersections (Au cut 95 g/t) Au g/t / true thickness (metres) 400-528-10 4.44 / 6.07 400-528-10 4.79 / 2.87 GD-14-01C 19.87 / 3.93 Previous holes GDE-10-14 1.96 / 1.67 GDE-10-15 3.99 / 2.15 GDE-10-16 9.93 / 1.07 GDE-10-12 4.94 / 2.77 400-528-09 7.44 / 8.49 GDE-10-12 4.89 / 4.16 GDE-10-12 6.28 / 1.97 Assays pending 8,500 metres of drilling 2,500 m from surface + 6,000 m from Level 190 7,000 m drilling from surface 23,000 m drilling from surface 190-419-12 21.12 (17.33 cut) / 4.78 c.l. LC-388-01 5.73 / 2.70 c.l. 400-514-52 13.30 / 3.60
  • 77. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 77 2000 100 meters 4900m Island Gold Mine C Zone - Metal factor (grade x width) Crown pillar W E - 1,000 m - 500 m LOCHALSH ISLAND EXT1 EXT2 Interpreted plunge of deposit axis 77 Cut off (3.75 g/t Au / 2.0 m) 327 30 20 10 5 0 Metal Factor Grade (g Au/t) x true width (metres) Average mining grade (5.84 g/t Au / 2.4 m) TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines 11.25g/t Au / 6.56m 13.3g/t Au / 3.6m 19.8g/t Au / 3.93m 2.04g/t Au / 6.33m 5.06g/t Au / 2.47m
  • 78. Copyright 2014 by Richmont Mines Inc. TSX – NYSE MKT : RIC www.richmont-mines.com Island Gold Mine 2015 -2016 Deep Directional Drilling Program 190 Level Crown pillar W EGOUDREAULOCHALSH ISLAND EXT1 EXT2 TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines 400-528-10 4.44 / 6.07 400-528-10 4.79 / 2.87 GD-14-01C 19.87 / 3.93 400-514-52 11.25 / 6.56 - 500 m - 1,000 m - 1,500 m Actual Ramp and Drifts Gold Zone Intersections (Au cut 95 g/t) Au g/t / true thickness (metres) Previous holes Target Reserves – Resources 31/12/2014 Mined out Deep directional exploration from surface (23,000 metres) 400-514-52 13.30 / 3.60
  • 79. Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 79 Island Gold Mine 2015 Planned Exploration Drilling 190 Level Crown pillar W E - 1,000 m - 500 m GOUDREAULOCHALSH ISLAND EXT1 EXT2 TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines Mined out Reserves – Resources 31/12/2014 Actual Ramp and Drifts C Zone Intersections (Au cut 95 g/t) Au g/t / true thickness (metres) 400-528-10 4.44 / 6.07 400-528-10 4.79 / 2.87 GD-14-01C 19.87 / 3.93 Underground exploration 41,000 m Lateral extension exploration 15,000 m 2015 Exploration Drilling Previous holes GDE-10-14 1.96 / 1.67 GDE-10-15 3.99 / 2.15 GDE-10-16 9.93 / 1.07 GDE-10-12 4.94 / 2.77 5,000 m drilling from 450 level 5,000 m drilling from 340 level 400-528-09 7.44 / 8.49 GDE-10-12 4.89 / 4.16 GDE-10-12 6.28 / 1.97 Assays pending 31,000 m drilling from 620 level 7,000 m drilling from surface 23,000 m drilling from surface Surface deep directional exploration 23,000 m 8,500 metres of drilling 2,500 m from surface + 6,000 m from Level 190 190-419-12 21.12 (17.33 cut) / 4.78 c.l. LC-388-01 5.73 / 2.70 c.l.
  • 80. Copyright 2014 by Richmont Mines Inc. TSX – NYSE MKT : RIC www.richmont-mines.com      Island Gold Mine Planned Regional Surface Exploration Drilling TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines Mill Maskinonge lake MAGINO MINE (1988-1992 & 1933-1939) 114,000 oz Au 0.8 MT @ 4.4 g/t Au MAGINO OPEN PIT (Resources) 158 MT @ 1.03 g/t Au 5.2 million oz Au CLINE MINE (1938-1942) 63,000 oz Au 0.3 MT @ 6.5 g/t Au EDWARDS MINE (1996-2002 & 1936-1937) 144, 000 oz Au 0.5 MT @ 11.0 g/t Au KREMZAR MINE (1988-1990) 47,000 oz Au 0.6 MT @ 4.8 g/t Au ISLAND GOLD MINE (31/12/2014) 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 East Extension West Extension - 1,000 m - 500 m - 1,500 m MAGINO ISLAND GOLD EDWARDS CLINE Richmont Richmont Argonaut StrikeMinerals Drilling target 2015 Surface Exploration Program (7,500 m) 1 km GDE-10-15 3.99 / 2.9 GDE-10-16 9.93 / 1.8 GD-11-06 10.90 / 1.2 Gold Zone Intersections (Au uncut g/t) Au g/t / core length (metres) LC-388-01 5.73 / 2.7 ClineMiningCorp. East Extension West Extension
  • 81. Copyright 2014 by Richmont Mines Inc. TSX – NYSE MKT : RIC www.richmont-mines.com TSX – NYSE MKT: RIC www.richmont-mines.com