- Richmont Mines reported fourth quarter and full year 2016 financial results on February 21, 2017. - In 2016, the company achieved record annual gold production of 104,050 ounces, at the high end of guidance. Cash costs for the year were $908 per ounce sold, within guidance. - At the Island Gold Mine, production was 83,323 ounces for 2016, exceeding the revised guidance range. Cash costs of $779 per ounce were below the revised guidance range. - The company reported a strong cash position of $75.1 million as of December 31, 2016 and expects a growing cash flow stream to support a potential expansion at Island Gold.

1. TSX – NYSE: RIC
Fourth Quarter and 2016 Financial Results
February 21, 2017

2. www.richmont-mines.com 2
Safe Harbor Statement & Cautionary Note to U.S. Investors Concerning
Resource Estimates
This presentation contains forward-looking statements that include risks and uncertainties. When used in this presentation, the words
“estimate”, “projects”, “anticipate”, “expects”, “intend”, “believe”, “hope”, “may”, and similar expressions, as well as “will”, “shall”, and other
indications of future tense, are intended to identify forward-looking statements. The forward looking statements are based on current expectations
and apply only as of the date on which they were made. Except as required by law or regulation, Richmont undertakes no obligation and disclaims
any responsibility to publicly update or revise any forward looking statements of information, whether as a result of new information, future events
or otherwise. The factors that could cause actual results to differ materially from those indicated in such forward-looking statements include
changes in the prevailing price of gold, the Canadian-U.S. exchange rate, grade of ore mined and unforeseen difficulties in mining operations that
could affect revenue and production costs. Other factors such as uncertainties regarding government regulations could also affect the results.
Other risks may be detailed from time to time in Richmont Mines Inc.’s Annual Information Form.
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 issued
on January 31, 2017 entitled “Richmont Reports 2016 Mineral Reserves & Resources”.
U.S. Investors are urged to consider the disclosure in our annual report on Form 20-F, File No. 001-14598, which may be obtained from us or from
the SEC’s web site: http://sec.gov/edgar.shtml.
(All amounts are in Canadian dollars, unless otherwise indicated.)
FORWARD LOOKING STATEMENTS

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RICHMONT MINES OPERATIONALHIGHLIGHTS
(1) Cash costs and all-in sustaining costs (“AISC”) are Non-IFRS measures. Refer to the Non-IFRS performance measures contained in the 2016 MD&A.
(2) 2017 guidance assumes an exchange rate of 1.30 Canadian dollars to 1.0 US dollar.
(3) 2016 revised guidance assumes an exchange rate of 1.33 for January to June and 1.30 for July to December.
(4) Includes 1,165 gold ounces produced from the Monique Mine in January 2016
Q4 2016 2016 2016 Revised Guidance
Gold produced (oz) 29,505 104,050(4) 98,000-106,000(4)
Cash cost per oz. (C$)(1) $952 $908 $885-$945
AISC per oz. (C$)(1) $1,229 $1,272 $1,230-$1,335
Cash cost per oz. (US$)(1)(2)(3) $714 $685 $675-$720
AISC per oz. (US$)(1)(2)(3) $922 $960 $935-$1,015
Company-wide Operational Highlights
Record production of 104,050 ounces in 2016; high end of positively revised guidance
Driven by record production of 83,323 ounces from Island Gold; beats revised guidance
Cash costs of $908 per ounce; within reduced guidance levels
AISC of $1,272 per ounce; within revised guidance levels
Expansion Case PEA (Q2 2017); 900 tpd vs. 1,100 tpd fully permitted Expansion Case

4. www.richmont-mines.com 4
(1) Before changes in non-cash working capital.
(2) Refer to the Non-IFRS performance measures contained in the 2016 MD&A.
Record annual revenues of $168.7 million (US$127.3 million)
Adjusted operating cash flow(1)(2) per share of $0.80
Earnings of $12.5M ($0.20 per share); US$9.4 million (US$0.15 per share)
Solid cash position of $75.1 million (US$55.9 million)
Permit amendments received support a 1,100 tpd expansion at Island Gold
Appointed Robert J. Chausse as Chief Financial Officer (March 2017)
2016 HIGHLIGHTS
WELL POSITIONED FOR ORGANIC GROWTH
All amounts are in Canadian Dollars unless otherwise indicated

5. FINANCIAL HIGHLIGHTS

6. www.richmont-mines.com 6
FINANCIAL RESULTS HIGHLIGHTS
Q4 and 2016 Financial Results
Strong cash position of $75.1M as of Dec. 31, 2016 and
growing cash flow stream is expected to support a fully
funded potential 1,100 tpd expansion
(in thousands, except per share amounts)
Quarter Ended
Dec. 31, 2016
Quarter Ended
Dec. 31, 2015
Year-ended
Dec. 31, 2016
Year-ended
Dec. 31, 2015
Revenue from mining operations 44,204 31,864 168,700 143,733
Net earnings (loss) per share, basic 0.02 (0.07) 0.20 0.12
Operating cash flow, per share 0.20 0.12 0.79 0.74
Adj. Operating cash flow, per share(1)(2) 0.17 0.04 0.80 0.60
Net free cash flow, per share(2)(3) (0.05) (0.27) (0.25) (0.17)
(1) Before changes in non-cash working capital
(2) Refer to the Non-IFRS performance measures contained in the 2016 MD&A.
(3) Net free cash flow per share is comprised of the Corporation’s operating cash flow, after changes in non-cash working capital, less investments in property, plant and
equipment
All amounts are in Canadian Dollars unless otherwise indicated

7. OPERATIONS & OVERVIEW

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ISLAND GOLD: IN-LINE RESULTS Q4 2016
Island Gold Mine
Q4 2016 2016 2016 Revised Guidance
Gold produced (oz) 24,086 83,323
75,000 – 80,000
Gold sold (oz) 22,422 82,273
Cash cost per ounce ($)(1) $826 $779 $800 - $840
AISC per ounce ($)(1) $912 $988 $1,040 - $1,110
Cash cost per ounce (US$)(1)(2) $619 $587 $610 - $640
AISC per ounce (US$)(1)(2) $683 $745 $795 - $845
(1) Refer to the Non-IFRS performance measures contained in the 2016 MD&A
(2) Guidance assumes an exchange rate of 1.30 Canadian dollar to 1.0 US dollar.
All amounts are in Canadian Dollars unless otherwise indicated
Record production: 51% higher than 2015 and exceeded revised guidance
Cash costs and AISC: 24% and 32% lower than 2015 and below revised guidance
Underground (869 tpd) and mill (814 tpd) productivity: 32% and 23% higher than 2015
2016 positive grade reconciliation of 20%
Development ore 48% (2017 plan of 35%)
Development in ore initiated in higher grade third mining horizon in Q4

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ISLAND GOLD: OPERATING KPI’S
Island Gold Production Upside
(1) Refer to the Non-IFRS performance measures contained in the 2016 MD&A.
(2) 2017 amounts represents the high-end of production guidance and low-end of cash costs guidance (see
Feb. 2, 2017 Press Release).
(3) Estimated production based on Base Case and Expansion Case scenarios outlined in Nov. 1, 2016 Press
Release and using 2016 average grade of 9.02 g/t.
Underground Mine Productivity
$0
$200
$400
$600
$800
$1,000
$1,200
0
20,000
40,000
60,000
80,000
100,000
120,000
2014 2015 2016 2017E(2) Base Case
900tpd (3)
Exp. Case
1100tpd (3)
CashCosts(C$)(1)
AnnualGoldProduction(oz)
Annual Gold Production (oz) Cash Costs (C$)(1)
0.00
2.00
4.00
6.00
8.00
10.00
12.00
0
200
400
600
800
1,000
1,200
Gramspertonne
Tonnesperday
Underground tpd Head Grade (g/t)
(4) 2015 productivity excludes a 3 week mine shutdown and a 2 week mill shutdown in the fourth quarter.
(5) Q3 2016 productivity excludes 16-day electrical upgrade shutdown of the underground mine
Island Gold Mine Q4 2016 2016 2016 Revised Guidance
Underground tpd 977 869 810
Mill tonnes 83,091 297,757 292,000
Mill tpd 903 814 810
Head grade (g/t gold) 9.31 9.02 8.20 – 8.70
Recoveries (%) 96.9 96.5 96.5
Sustaining Costs ($000’s) 1,920 17,203 18,900
Project Costs ($000’s) 11,535 39,925 46,100
Non-sustaining exploration Costs ($000’s) 3,899 14,802 16,000

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MINERAL RESERVES GROWTH
2016 Mineral Reserves and Resources(1)(2)
December 31, 2016
Gold Ounces Grade (g/t)
2016 2015 Change (%) 2016 2015 Change (%)
Island Gold Mine(3)
Proven & Probable Reserves 752,200 561,700 34% 9.17 8.26 11%
Measured & Indicated Resources 91,450 71,700 28% 5.94 6.40 (7%)
Inferred Resources 995,700 768,050 30% 10.18 8.49 20%
Beaufor Mine
Proven & Probable Reserves 44,920 63,850 (30%) 6.86 6.57 4%
Measured & Indicated Resources 83,700 171,900 (51%) 7.37 6.34 16%
Inferred Resources 7,500 28,000 (73%) 6.44 6.44 0%
(1) Refer to the detailed mineral reserve and mineral resource tables in the Press Release of January 31, 2017.
(2) No changes to Mineral Reserves and Resources were made at the Corporation’s other properties.
(3) An NI 43-101 Technical Report for the Island Gold Mine will be filed within 45 days from announcing the results of the current PEA.
0
100
200
300
400
500
600
700
800
2012 2013 2014 2015 2016
MineralReserves(000’sounces)
Monique Beaufor Island Gold
Mineral Reserves Growth
Gold oz.
752,200
Significant exploration
potential for
additional reserve
growth
Gold oz.
44,920
Island Gold Reserves increase by 34%
• 752,200 ounces of reserves (net of depletion)
with 11% increase in reserve grade to 9.17 g/t
• 995,700 ounces (30% increase) of inferred
resources (net of conversion) with 20% increase
in grade to 10.18 g/t
• New resource blocks laterally to the east and at
depth below 1,000 metres
• Low discovery cost of ~$35/oz

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

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ISLAND GOLD: GROWTH OPPORTUNITIES
• Expanded resource area east-west of main reserve area (most contiguous portion)
• Mining from a depth of 450 to 1,000 metres over 4 mining horizons
• Optimal mining rate while maintaining minimum mine life of +7 years
• Base Case of 900 tpd increasing to Expansion Case 1,100 tpd utilizing existing ramp system
• Incorporation of December 31, 2016 Reserve and Resource estimates, that will consider:
• New modeling parameters (capping, ellipsoid searches and dilutions)
• 2016 delineation drilling and ore development drifting
• New Life of Mine (LoM) and operating costs and capital estimates
• Minimal capital requirements for mine and mill expansion; fully funded internally
• Maximum mining capacity without new infrastructure
• Increased milling capacity to 1,200 tpd would allow future growth at minimal cost (~C$15M)
Expansion Case PEA (Q2 2017)

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Underground productivity increasing over prior quarters
Higher mill head grade as more stoping ore mined from the higher-grade Q Zone
Mobile equipment availability improved over prior quarters
Grades and underground productivity expected to improve in future quarters
BEAUFOR MINE: OPERATIONAL HIGHLIGHTS
(1) Includes 1,165 ounces of gold produced (1,171 ounces sold) from the Monique Mine at an average cash cost of $1,182 per ounce and AISC of $1,186 per ounce
(2) Refer to the Non-IFRS performance measures contained in the 2016 MD&A.
(3) Guidance assumes an exchange rate of 1.30 Canadian dollar to 1.0 US dollar.
Beaufor Mine Q4 2016 20161 2016 Revised Guidance
Gold produced (oz) 5,419 19,562
23,000 – 26,000
Gold sold (oz) 5,337 19,216
Cash cost per ounce ($)(2) $1,480 $1,444 $1,150 - $1,300
AISC per ounce ($)(2) $1,904 $1,854 $1,420 - $1,610
Cash cost per ounce (US$)(2)(3) $1,110 $1,090 $875 - $1,000
AISC per ounce (US$)(2)(3) $1,428 $1,399 $1,080 - $1,235
Underground tpd 302 298 -
Mill tonnes 27,988 113,013 -
Head grade (g/t gold) 6,16 5.50 -
Recoveries (%) 97.8 98.0 -
Sustaining Costs ($000’s) 2,260 7,871 8,100
All amounts are in Canadian Dollars unless otherwise indicated

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2017 OPERATIONAL ESTIMATES
2017 Production and Cost Guidance
2017 Capital Investment Guidance
2017 Operational Estimates
Island Gold Mine
2017 Guidance
Beaufor Mine
2017 Guidance
2017 Guidance
Gold Ounces Produced 87,000 - 93,000 23,000 - 27,000 110,000 - 120,000
Cash Costs per Ounce (C$)(1) $715 - $765 $1,265 - $1,320 $835 - $885
Corporate G&A per Ounce (C$) - - $105 - $110
All-in Sustaining Costs per Ounce (C$)(1) $945 - $995 $1,540 - $1,590 $1,180 - $1,235
Cash Costs per Ounce (US$)(1)(2) $550 - $590 $975 - $1,015 $640 - $680
Corporate G&A per Ounce (US$)(2) - - $80 - $85
All-in Sustaining Costs per Ounce (US$)(1)(2) $725 - $765 $1,185 - $1,225 $905 - $950
2017 Operational Estimates ($M)
Island Gold Mine
2017 Guidance
Beaufor Mine
2017 Guidance
2017 Guidance
Sustaining Capital (C$) $19 - $22 $6 - $7 $25 - $29
Expansion Capital (C$)(3) $33 - $35 - $33 - $35
Exploration & Project Evaluation (C$) $14 - $16 $2 - $3 $16 - $19
Sustaining Capital (US$)(2) $15 - $17 $5 - $6 $19 - $22
Expansion Capital (US$)(2)(3) $25 - $27 - $25 - $27
Exploration & Project Evaluation (US$)(2) $11 - $12 $1 - $2 $12 - $14
(1) Refer to the Non-IFRS performance measures contained 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.

15. Q&A

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CONSOLIDATED OPERATIONAL HIGHLIGHTS
Record production and In-Line Costs
Quarter Ended
Dec. 31, 2016
Quarter Ended
Dec. 31, 2015
Year Ended
Dec. 31, 2016
Year Ended
Dec. 31, 2015
Gold produced (oz) 29,505 22,380 104,050 98,031
Gold sold (oz) 27,759 21,576 102,660 96,895
Cash cost per ounce (CAN$)(1) $952 $1,028 $908 $972
AISC per ounce (CAN$)(1) $1,229 $1,660 $1,272 $1,368
Realized gold price per ounce (CAN$) $1,589 $1,474 $1,640 $1,480
Cash cost per ounce (US$)(1) $714 $770 $685 $760
AISC per ounce (US$)(1) $922 $1,243 $960 $1,070
Realized gold price per ounce (US$) $1,191 $1,104 $1,238 $1,157
(1) Refer to the Non-IFRS performance measures contained in the 2016 MD&A.
All amounts are in Canadian Dollars unless otherwise indicated

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ISLAND GOLD:
Positive Reconciliation To Reserves Continues
2016 Reserve Reconciliation
Reserves (as of Dec 31, 2015) Mined (reconciled) Variations (Mined vs Reserves)
Diluted
Tonnes
Diluted
Grade
Diluted
Ounces
Reconciled
Tonnes
Reconciled
Grade
Reconciled
Ounces
Tonnes Grade Ounces
Total Development Q4 40,905 6.53 8,585 39,238 9.29 11,715 96% 142% 136%
Total Stope Q4 50,897 9.17 15,012 50,643 8.47 13,797 100% 92% 92%
Total U/G Q4 91,802 8.00 23,597 89,881 8.83 25,512 98% 110% 108%
2016 production exceeds revised guidance
Higher than planned milled grades of 9.02 g/t; Positive grade reconciliation of 20%
Percentage of higher cost development ore to total ore of 48% YTD; 2017 plan of 35%
Development primarily in lower-grade extensions of the second mining horizon
YTD reconciliation from mining in first and second mining horizons only. Development in
ore initiated in higher grade third mining horizon in Q4
Reserves (as of Dec 31, 2015) Mined (reconciled) Variations (Mined vs Reserves)
Diluted
Tonnes
Diluted
Grade
Diluted
Ounces
Reconciled
Tonnes
Reconciled
Grade
Reconciled
Ounces
Tonnes Grade Ounces
Total Development 2016 154,305 6.39 31,679 151,760 8.50 41,471 98% 133% 131%
Total Stope 2016 152,437 8.08 39,608 166,285 8.83 47,225 109% 109% 119%
Total U/G 2016 306,741 7.23 71,288 318,045 8.67 88,695 104% 120% 124%
Q4 Reserve Reconciliation
The reconciliation to date is based on mining in the first and second mining horizons only, and should not be extrapolated to the third and fourth mining horizons.