08 09-16 montreal-marketing

TSX–NYSE MKT: RIC

POSITIONING FOR SUSTAINABLE GROWTH

Montreal MarketingAugust 9, 2016

www.richmont-mines.com 2RIC: TSX NYSE-MKT

Safe Harbor Statement & Cautionary Note to U.S. Investors Concerning Resource Estimates

This presentation contains forward-looking statements that include risks and uncertainties. The factors that couldcause actual results to differ materially from those indicated in such forward-looking statements include changes in theprevailing price of gold, the Canadian-U.S. exchange rate, grade of ore mined and unforeseen difficulties in miningoperations that could affect revenue and production costs. Other factors such as uncertainties regarding governmentregulations could also affect the results. Other risks may be detailed from time to time in Richmont Mines Inc.’speriodic reports and annual notice.

The resource estimates in this presentation were prepared in accordance with NI 43-101 adopted by the CanadianSecurities Administrators. The requirements of NI 43-101 differ significantly from the requirements of the United StatesSecurities 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 notrecognize them. The SEC permits U.S. mining corporations, in their filings with the SEC, to disclose only those mineraldeposits that constitute “Reserves”. Under United States standards, mineralization may not be classified as a Reserveunless the determination has been made that the mineralization could be economically and legally extracted at the timethe determination is made. United States investors should not assume that all or any portion of a Measured orIndicated Resource will ever be converted into “Reserves”. Furthermore, “Inferred Resources” have a great amount ofuncertainty as to their existence and whether they can be mined economically or legally, and United States investorsshould not assume that “Inferred Resources” exist or can be legally or economically mined, or that they will ever beupgraded to a more certain category.

U.S. Investors are urged to consider the disclosure in our annual report on Form 20-F, File No. 001-14598, which maybe 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

http://sec.gov/edgar.shtml


RICHMONT MINES OVERVIEWQuality Asset Base in Canada

Growing Production Profile

Decreasing Cost Structure

Growing Cash Flow Streams

Significant Exploration Potential

Strong Balance Sheet

Favourable Canadian Dollar Exposure

Low Shares Outstanding (63M)(1)

(1) Including 3.0 million shares issued as part of the June 2016 equity financing.


CAPITAL STRUCTURECapital Structure

Issued & Outstanding Shares(1) 62.6M

Fully Diluted 65.9M

Cash(2) C$96M

Total Debt(2) C$11.1M

Ticker RIC:TSX–NYSE

Market Capital (August 5/16) C$873M

$96M(2)CASH

C$9.0MDEBT

RIC (as of August 5, 2016)

TSX C$

NYSE MKT US$

Closing price $13.92 $10.57

52-week range $3.14-$14.28 $2.27-$10.86

Market Cap (M’s) $873M $663M

90-day daily trading avg. 348,515 436,406

Strong cash position supports fully funded strategic growth plan

(1) Includes 3.0 million shares issued as part of the June 2016 C$31M equity financing.(2) As of June 30, 2016. Long-term debt is primarily comprised of capital lease obligations.

Analyst CoverageBMO Capital Markets Brian Quast

Canaccord Genuity Rahul Paul

CIBC Jeff Killeen

Cormark Securities Richard Gray

Desjardins Capital Mike Parkin

Haywood Securities Kerry Smith

Mackie Research Ryan Hanley

Macquarie Capital Markets Michael Gray

National Bank Financial Adam Melnyk

Paradigm Capital Don Blyth

PI Financial Brian Szeto

Scotia Capital Craig Johnston

TD Securities Daniel Earle


Operational HighlightsQ2 production: 23,320 oz.; Cash costs of C$903 per oz (US$701)

Reserves increased by 187%; 206% at Island Gold; 95% at Beaufor

Island Gold mine life increased to 7 years(1) with 3 years mine life pre-developed

Beaufor mine life increased to more than 2 years(1)

Released Preliminary Economic Assessment for Island Gold (Oct 28/15)(1) Mine life based on 2015 Mineral Reserves and Resources

OPERATIONAL HIGHLIGHTS

(1) Refer to the Non-IFRS performance measures contained in the Q2 2016 MD&A.(2) 2016 Guidance assumes a foreign exchange rate of 1.364 Canadian dollars to the US dollar.

(1) Refer to the detailed mineral reserve and mineral resource tables that follow at the end of this presentation(2) No changes to Mineral Reserves were made at the Corporation’s other properties.

Q2 2016 H1 2016 2016Guidance

Gold produced (oz) 23,320 55,689 87,000-97,000

Cash cost per oz. (C$)(1) $903 $848 $930-$1,000

AISC per oz. (C$)(1) $1,330 $1,200 $1,275-$1,390

Cash cost per oz. (US$)(1) $701 $637 $680-$730(2)

AISC per oz. (US$)(1) $1,032 $902 $935-$1,015(2)

Proven and Probable Mineral Reserves(1)(2)

Island Gold Mine and Beaufor Mine

December 31, 2015 Gold ounces Gold g/t

Island Gold Proven & Probable

above ~400m 76,700 6.91

below ~400m 485,000 8.52

Island Gold Proven & Probable 561,700 8.26

Beaufor Proven & Probable 63,850 6.57

Total Proven & Probable 625,550 8.05


CANADIAN HIGH-GRADE UNDERGROUND MINE

Strong Production Q2; Declining cash costs

YTD positive grade reconciliation of 27%

Production expansion opportunity

Reserves increase by 206%; 7-year mine life(1)

Exploration potential laterally and at depth(1) Mine life based on 2015 Mineral Reserves and Resources (1) Refer to full 2015 Reserve and Resource information at the end of this presentation

(1) Refer to the Non-IFRS performance measures contained in the Q2 2016 MD&A.(2) 2016 Guidance a foreign exchange rate of 1.364 Canadian dollars to the US dollar.

63% INCREASE IN PRODUCTION SINCE 2013

(1) Includes 1,000m of development and related infrastructure outside of the PEA area(2) Estimated sustaining capital for the entire period 2017-2022 as per the PEA is $40.5M

Q2 2016

H1 2016

2016Guidance

PEA 2017-2022

Avg.

Gold Production (oz) 18,617 45,206 62,000-67,000 78,000

Gold Sold (oz) 20,147 46,178 - -

Cash costs/oz (C$)(1) $766 $714 $900-$960 $552

AISC per oz. (C$)(1) $1,038 $935 $1,160-$1,250 $639

Cash costs/oz (US$)(1) $595 $537 $660-$705(2) $414

AISC per oz. (US$)(1) $806 $703 $850-$920(2) $479

Capital and Exploration 2015 2016Guidance

2016PEA

Sustaining Capital (C$M) 22.3 17.3 ~$20.0(2)

Project Capital (C$M) PEA 28.9 37.4 36.8

Project Capital (C$M) non-PEA 2.0 6.0(1) -

Exploration ($M) 4.6 14.3 -

2015 Reserves and Resources Tonnes Gold

Ounces Grade g/t

Reserves (oz)(1)/Grade (g/t) 2,115,500 561,700 8.26

M&I (oz)(1) /Grade (g/t) 348,500 71,700 6.40

Inferred (oz)(1)/Grade (g/t) 2,815,000 768,050 8.49


-

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

100,000

2014 2015 2016E(1) PEA BaseCase

(800tpd)(2)

UpsidePotential

(900tpd)(3)

Gol

d O

unce

s

0.00

2.00

4.00

6.00

8.00

10.00

12.00

0

100

200

300

400

500

600

700

800

900

1000

Gra

ms

per t

onne

Tonn

es p

er d

ay

Underground Mine Productivity

Underground tpd Head grade (g/t)

ISLAND GOLD MINE: POSITIONING FOR GROWTH

First 2 mining horizons developed, third horizon development in progress

3 years of mine life pre-developed

Tonnes mined from development ore:• 2015: 50% / 2016E: 40% / PEA: 5%

Mill Electrical Upgrade: Q3 2016

(1) Mid-range of 2016 guidance (2) Avg. annual production 2017-2022 (3) Permitted potential

Island Gold Production Upside

Island Gold 2015 Q1 2016 Q2 2016 2016E

Underground (tpd) 659 853 911 800

Development to stope ratio (%) 50/50 55/45 48/52 40/60

Mill (tpd) 663 834 878 800

Head grade (g/t) 7.31 11.31 7.51 7.0-7.5

Recoveries (%) 96.8 96.3 96.5 96.5


Q2 STRONG PRODUCTION:POSITIVE RECONCILIATION TO RESERVES CONTINUES

Reserves (as of Dec 31st, 2015) Mined (reconciled) Variations (Mined vs Reserves)

Diluted Tonnes

Diluted Grade

Diluted Ounces

ReconciledTonnes

ReconciledGrade

ReconciledOunces Tonnes Grade Ounces

Total Development Q1 44,323 8.28 11,795 42,601 12.19 16,701 96% 147% 142%

Total Stope Q1 34,877 7.13 7,991 34,995 9.92 11,166 100% 139% 140%

Total U/G Q1 79,199 7.77 19,785 77,596 11.17 27,867 98% 144% 141%

Q1 Reserve Reconciliation

Reserves (as of Dec 31st, 2015) Mined (reconciled) Variations (Mined vs Reserves)

Diluted Tonnes

Diluted Grade

Diluted Ounces

ReconciledTonnes

ReconciledGrade

ReconciledOunces Tonnes Grade Ounces

Total Development Q2 44,505 5.24 7,493 40,181 5.58 7, 203 90% 106% 96%

Total Stope Q2 32,452 8.46 8,827 42,740 8.88 12,198 132% 105% 138%

Total U/G Q2 76,957 6.60 16,320 82,921 7.28 19,400 108% 110% 119%

Q2 Reserve Reconciliation

Production in Q2; Higher than planned milled grades of 7.51g/t

Higher cost development ore/stope ore 48% ; 2016 mine plan of 40%

Development primarily in lower-grade extensions of the second mining horizon

Positive reconciliation of 19%: (10% grade / 8% tonnes)

30% dilution assumption for development reserves; lower dilutionfrom deeper, wider zones


ISLAND GOLD:2016 DEVELOPMENTAND MINE PLAN

First Mining Horizon (2015 PEA)Tonnes Grade (g/t) Ounces

P&P 433,681 6.30 87,786

Third Mining Horizon (2015 PEA)Tonnes Grade (g/t) Ounces

P&P 616,039 10.59 209,705Inferred 342,967 11.18 123,267

Second Mining Horizon (2015 PEA)Tonnes Grade (g/t) Ounces

P&P 566,272 8.57 156,048


Potential for increased production and lower AISC

Phased approach: Phase 1 (800 tpd)

• Mining from a depth of 450 to 860 metres over three long-hole mining horizons• Excludes resources above the 450 metre level, isolated resource blocks and parallel zones• Avg. production of approx. 78,000 gold ounces per year from 2017 to 2022 at

C$552/oz cash costs

Conceptual expansion case release in H2 2016; Potential Expansion Case to 1,150 tpd decision in H1 2017

Mill Expansion Opportunity

ISLAND GOLD: 2015 PEAOVERVIEW

2015 PEA Summary 2017-2022 (C$)

Tonnes Milled (Mt) 1.7

Head Grade (g/t) 8.67

Mine life excl. transition period (years) 6

Daily mine production (tpd) 801

Gold recovery (%) 96.5

Production (Koz) 464.6

Average annual gold production (Koz) 78

Total operating cost (C$M) 256

Average cash operating cost (C$/t) 148

Average cash operating cost (C$/oz) 552

Transition Period Project Capital 2015-2016 (C$M) 62

Sustaining Capital (C$M) (2017-2022) 40.5

0

200

400

600

800

1000

1200

2015 Q1 2016 Q2 2016 PEA BaseCase

PermittedCapacity

PEAExpanded

Case

Tonn

es p

er d

ay


86,500m Drilling program launched in Q3 2015; 75,800m completed

ISLAND GOLD: PHASE 1 EXPLORATION PROGRAM


ISLAND GOLD:Phase 2 Exploration Program, H2 2016 (36,000m)ISLAND GOLD: Phase 2 Exploration Program, H2 2016 (36,000m)


ISLAND GOLD:2016 Regional Surface Exploration Phase 2 (20,000m)


Lateral drilling (~42,000 metres) east of the main deposit above 1,000m

Deep directional drilling (~80,000 metres) targeting below 1,000m

Exploration drift extensions: 620m, 740m and 860m levels

Regional drilling program (~20,000 metres)

2015 PEA update (Oct. 2016) and productivity enhancements to support potential expansion

2016 FINANCING: UNLOCKING THE POTENTAL OF ISLAND GOLDPhase 2 Exploration Program Amount (C$)Lateral Drilling Program

Surface Drilling (15,000m) $1,650,000Underground Drilling (27,000m) $2,200,000620m and 740m exploration drifts extension $3,750,000Total Lateral Drilling $7,600,000

Deep Drilling ProgramSurface directional drilling (40,000m) $8,400,000860m exploration drift (500m) $3,200,000Infill underground drilling (40,000m) $3,200,000Total Deep Drilling $14,800,000

Regional Drilling ProgramSurface drilling (20,000m) $2,200,000Sub-total $2,200,000

Total Exploration $24,600,000

Organic GrowthExpansion studies (2015 PEA Update) $1,500,000Productivity optimization $3,021,200

Total Organic Growth Program $4,521,200Total Phase 2 Exploration Program and Organic Growth $29,121,200


BEAUFOR MINE: OVERVIEW

(1) Refer to the Non-IFRS performance measures contained in the Q2 2016 MD&A(2) 2016 Guidance assumes a foreign exchange rate of 1.364 Canadian dollars to the US dollar(3) Refer to full 2015 Reserve and Resource information at the end of this presentation

Reserves increased by 95%; mine lifeincreased by 2 years (based on reserves)

Development of the Q Zone; stope mining planned for Q3 2016

Generating free cash flow (2016-2017)

Camflo Mill: capacity of 1,200 tpd provides toll milling opportunities

Q2 2016 H1 2016 2016 Guidance

Gold Production (oz) 4,703 9,318 25,000-30,000

Gold Sold (oz) 4,741 9,778 -

Cash costs/oz (C$)(1) $1,486 $1,441 $1,000-$1,060

AISC per oz. (C$)(1) $1,899 $1,812 $1,230-$1,330

Cash costs/oz (US$)(1) $1,154 $1,083 $735-$780(2)

AISC per oz. (US$)(1) $1,475 $1,362 $905-$975(2)

Capital and Exploration 2015 2016 Guidance

Sustaining Capital ($M) $5.9 $6.8

2015 Reserves and Resources Gold Ounces Grade g/t

Reserves (oz)(3)/Grade (g/t) 63,850 6.57

M&I (oz)(3) /Grade (g/t) 171,900 6.34

Inferred (oz)(3)/Grade (g/t) 28,000 6.44


MINERAL RESERVES INCREASE BY 187%

Gold oz.63,850

2015

Min

eral

Res

erve

s(0

00’s

oun

ces)

Gold oz.300 561,700

200

100

02012 2013 2014

Monique Beaufor Island Gold

700

600

500

400

Mineral Reserves Growth

(1) Refer to the detailed mineral reserve and mineral resource tables that follow at the end of this presentation.(2) No changes to Mineral Reserves were made at the Corporation’s other properties.

Island Gold Reserves increase by 206%

• 29% increase in grade to 8.26 g/t

• 80% of PEA resources converted

• Mine life of 7 years (based on reserves)

Beaufor Reserves increase by 95%

• Mine life > 2 years (based on reserves)

• Conversion primarily from the Q Zone

Significant exploration potential for additional

reserve growth

Proven and Probable Mineral Reserves(1)(2)

Island Gold Mine and Beaufor Mine

December 31Gold ounces Grams per tonne

2015 2014 Change(%) 2015 2014 Change

(%)Island Gold Proven & Probable

above ~400m 76,700 90,000 (15%) 6.91 6.04 14%

below ~400m 485,000 93,750 417% 8.52 6.76 26%

Island Gold Proven & Probable 561,700 183,750 206% 8.26 6.39 29%

Beaufor Proven & Probable 63,850 32,750 95% 6.57 7.06 (7%)

Total Proven & Probable 625,550 216,500 187% 8.05 6.43 25%


WELL POSITIONED FOR SUSTAINABLE GROWTH

Significant Exploration Potential

Strong Balance Sheet

Favourable Canadian Dollar Exposure

Low Shares Outstanding (63M)

Beaufor Mine Q Zone

Quality Asset Base in Canada

Growing Production Profile

Decreasing Cost Structure

Growing Cash Flow Streams

Island Gold Mine Core

APPENDIX


CHRISTIAN BOURCIER

P. ENG

Beaufor Mine and Camflo Mill General Manager

RICHMONT MINES: MANAGEMENT TEAM

RENAUD ADAMS DANIEL ADAM NICOLE VEILLEUX

JEAN BASTIEN

P. ENG, MBA

Island Gold Mine General Manager

MARC-ANDRÉ LAVERGNEMAXIME GRONDIN

CIRC

Director,Human Resources

MÉLISSA TARDIF

ANNE DAYSTEVE BURLETON

LLB

Lawyer and Corporate Secretary

P. ENGPresident and

P. ENGVice-President,

GEO PHDVice-President

CPA, CAVice-President

CFA, MBAVice-President,

MBAVice-President,

Chief Executive Officer Operations Exploration Finance Business Development Investor Relations


RICHMONT MINES: BOARD OF DIRECTORS

RENÉ MARION

P. ENG

Chairman ofthe Board

MICHAEL PESNER

CA

Director and Chairman of the Audit Committee

RENAUD ADAMS

P. ENG

Director, Presidentand Chief Executive Officer

PETER BARNES

CA

Director

ELAINE ELLINGHAM

P. Geo., MBA

Director

www.richmont-mines.com 21

2016 OPERATIONAL ESTIMATES

2016 Production and Cost Guidance

2016 Capital Investment Guidance

Operational Estimates Island Gold Beaufor 2016 Consolidated Estimates

Gold Ounces Produced 62,000-67,000 25,000-30,000 87,000-97,000Cash Costs per Ounce (CAN$)(1) $900-$960 $1,000-$1,060 $930-$1,000Sustaining Capital per Ounce (CAN$) $260-$290 $230-$270 $250-$280Corporate G&A per Ounce (CAN$) - - $95-$110All-in Sustaining Costs per Ounce (CAN$)(1) $1,160-$1,250 $1,230-$1,330 $1,275-$1,390

Cash Costs per Ounce (US$)(1) $660-$705 $735-$780 $680-$730Sustaining Capital per Ounce (US$) $190-$215 $170-$195 $185-$205Corporate G&A per Ounce (US$) - - $70-$80All-in Sustaining Costs per Ounce (US$)(1) $850-$920 $905-$975 $935-$1,015(1) Cash costs and AISC are non-IFRS measures. Refer to the Non-IFRS performance measures section in the First Quarter 2016 Management’s Discussion and Analysis.

Capital and Exploration Investment ($M) Island Gold Quebec Division 2016 Consolidated Estimates

Sustaining Capital (C$) $17.3 $6.8 $24.1Project Capital (C$)(3) $43.4 $ - $43.4Company-wide Exploration (C$) $14.3(1) $1.1(2) $15.4Sustaining Capital (US$) $12.7 $5.0 $17.7Project Capital (US$)(3) $31.8 $ - $31.8Company-wide Exploration (US$) $5.4 $0.8 $6.2(1) Includes $7.0 million of 2016 Phase 2.(2) All delineation and exploration drilling for the Beaufor Mine is included in sustaining capital and $1.1 million is related to the Quebec division outside the Beaufor property.(3) Project Capital for Island Gold includes accelerated underground development of $25.0 million (US$18.3 million) related to the PEA and $6.0 million (US$4.4 million) related to discretionary

development outside the scope of the PEA.

Material assumptions include: an average gold price of C$1,500 per ounce (US$1,100 per ounce); and a foreign exchange rate of 1.364 Canadian dollars to the US dollar.


MINERAL RESERVESAND RESOURCES

1. Mineral Resources presented are exclusive of Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

2. In 2015, based on a gold price of C$1,300 per ounce and an exchange rate of C$1.2037 = US$1.00. (In 2014: gold price of C$1,300 per ounce and C$1.0833 = US$1.00).

3. Underground Resources established for the C Zone and six other lateral zones below a vertical depth of -400 metres.

4. W Zone and 350 Zone Mineral Reserves and Mineral Resources are included with the Beaufor Mine as at December 31, 2015 and 2014.

5. Monique Mineral Reserves are open-pit, and Mineral Resources are located underground directly below the open-pit.6. Underground Mineral Resources established as of December 31, 2012.7. Francoeur Mine closed in November 2012.

Richmont Mines 2015 Mineral Reserve and Resource Estimates

December 31, 2015 December 31, 2014Tonnes Grade

OuncesTonnes Grade

Ounces(metric) (g/t Au) (metric) (g/t Au)ISLAND GOLD MINEProven Reserves2 (above -400m) 97,000 7.00 21,800 173,000 6.25 34,700Probable Reserves2 (above -400m) 248,000 6.88 54,900 290,500 5.91 55,300Total Proven & Probable (above -400m) 345,000 6.91 76,700 463,500 6.04 90,000Proven Reserves2 (below -400m) 266,500 7.72 66,100 86,000 6.57 18,150Probable Reserves2 (below -400m) 1,504,000 8.66 418,900 345,500 6.81 75,600Total Proven & Probable (below -400m) 1,770,500 8.52 485,000 431,500 6.76 93,750Total Proven & Probable Reserves2 2,115,500 8.26 561,700 895,000 6.39 183,750Measured Resources (above -400m) 7,500 5.80 1,350 26,000 5.30 4,400Indicated Resources (above -400m) 235,500 6.96 52,700 269,500 6.98 60,450Indicated Resources3 (below -400m) 105,500 5.20 17,650 438,000 10.95 154,200Total Measured & Indicated Resources 348,500 6.40 71,700 733,500 9.29 219,050Inferred Resources (above -400m) 412,500 7.44 98,700 369,500 6.97 82,800Inferred Resources3 (below -400m) 2,402,500 8.67 669,350 3,178,000 9.00 919,950Total Inferred Resources 2,815,000 8.49 768,050 3,547,500 8.79 1,002,750BEAUFOR MINE4

Proven Reserves2 35,600 7.31 8,350 53,000 7.13 12,100Probable Reserves2 266,500 6.48 55,500 91,500 7.02 20,650Total Proven and Probable Reserves 302,100 6.57 63,850 144,500 7.06 32,750Measured Resources 109,000 5.32 18,600 111,500 5.30 19,000Indicated Resources 734,000 6.50 153,300 805,500 6.60 170,850Total Measured & Indicated Resources 843,000 6.34 171,900 917,000 6.44 189,850Total Inferred Resources 135,000 6.44 28,000 743,000 6.51 155,600MONIQUE MINE5

Proven Reserves2

Probable Reserves2 14,500 3.16 1,450Total Proven & Probable Reserves2 14,500 3.16 1,450Total Indicated Resources 107,500 4.88 16,850 107,500 4.88 16,850WASAMAC GOLD PROPERTY6

Measured Resources 3,124,500 2.75 276,550 3,124,500 2.75 276,550Indicated Resources 12,127,000 2.89 1,125,700 12,127,000 2.89 1,125,700Total Measured & Indicated Resources 15,251,500 2.86 1,402,250 15,251,500 2.86 1,402,250Total Inferred Resources 18,759,000 2.66 1,605,400 18,759,000 2.66 1,605,400FRANCOEUR GOLD PROPERTY6, 7

Measured Resources 40,000 5.89 7,600 40,000 5.89 7,600Indicated Resources 280,000 6.55 59,000 280,000 6.55 59,000Total Measured & Indicated Resources 320,000 6.47 66,600 320,000 6.47 66,600Total Inferred Resources 18,000 7.17 4,150 18,000 7.17 4,150TOTAL RESERVES AND RESOURCESProven & Probable Reserves 2,417,600 8.05 625,550 1,054,000 6.43 217,950Measured & Indicated Resources 16,870,500 3.19 1,729,300 17,329,500 3.40 1,894,600Inferred Resources 21,727,000 3.44 2,405,600 23,067,500 3.73 2,767,900


TOP INSTITUTIONAL SHAREHOLDERSFirm Name % O/S Shares Held City

RBC Global Asset Management Inc. 6.43 3,772,000 TorontoOppenheimerFunds, Inc. 5.19 3,042,400 New YorkRenaissance Technologies LLC 5.17 3,029,200 New YorkConnor, Clark & Lunn Investment Management Ltd. 4.20 2,463,214 Vancouver1832 Asset Management L.P. 3.59 2,105,000 TorontoHillsdale Investment Management Inc. 2.62 1,537,600 TorontoZPR Investment Management Inc. 2.44 1,433,380 Orange CityRuffer LLP 2.43 1,425,000 LondonMackenzie Financial Corporation 2.39 1,400,800 TorontoSprott Asset Management LP 2.39 1,400,000 TorontoAcadian Asset Management LLC 2.02 1,185,960 BostonManulife Asset Management Limited 1.71 1,000,000 TorontoFonds de Solidarité FTQ 1.68 985,600 MontrealVan Eck Associates Corporation 1.53 895,000 New YorkEterna Investment Management Inc. 1.52 888,600 Quebec CityArrowstreet Capital, Limited Partnership 1.42 834,500 BostonPicton Mahoney Asset Management 1.32 775,000 TorontoDimensional Fund Advisors, L.P. 1.19 700,000 AustinO'Shaughnessy Asset Management, LLC 1.19 697,199 StamfordJames Investment Research Inc. 1.18 692,460 XeniaNorrep Capital Management Ltd. 1.12 655,400 CalgaryFiera Capital Corporation 1.07 626,400 MontrealTriasima Portfolio Management Inc. 1.07 625,000 MontrealSentry Investments Inc. 0.94 550,900 TorontoFormula Growth Ltd. 0.94 550,000 MontrealAs of July 11, 2016. Source: Nasdaq IR Insight


ISLAND GOLD MINEC Zone – Metal factor (grade x width) as of Dec. 2015


ISLAND GOLD MINENear-Mine Lateral Exploration


ISLAND GOLD MINE

Histogram of the Ext C Samples


ISLAND GOLD MINE

Log Normal Probability Plot (Ext C Drill Hole Samples)


ISLAND GOLD MINEDeep Directional Drilling(Phase 1)


ISLAND GOLD MINEEastern Lateral ExplorationPhase 1 (50,100m)

ISLAND GOLD MINE2016 Eastern Lateral ExplorationPhase 1 (50,100 metres completed)


ISLAND GOLD MINESWestern Lateral Exploration


WASAMAC:ADVANCED DEVELOPMENT PROJECT

(1) Refer to full 2014 Reserve and Resource information at the end of this presentation

Located in the Abitibi gold mining district

15km west of Rouyn-Noranda, Quebec

100% owned, no royalties

Close proximity to existing infrastructure

Significant exploration potential

NI 43-101 PEA released in March 2012

Resources Tonnes Grade (g/t Au)

Gold Ounces

Measured Resources 3,124,500 2.75 276,550

Indicated Resources 12,127,000 2.89 1,125,700

Inferred Resources 18,759,000 2.66 1,605,400


RICHMONT MINESASSETSVALD’ORAREA– EXPLORATION PROPERTIES


RICHMONT MINESASSETSROUYN-NORANDAAREA/ EXPLORATION PROPERTIES


RICHMONT MINESASSETSTIMMINS AREA/ EXPLORATION PROPERTIES


OUR VISION and STRATEGY

Our vision is to become a leading intermediate gold producer focused on

the Americas generating superior per share valuation. We are committed to a “Sustainable Business Model” and a strategy of long-term growth, and will fully utilize the Corporation’s strong balance sheet, assets, cash flow, capital structure and the extensive experience of the Corporations’ Board of Directors and Management Team to build the next leading Canadian based intermediate gold company.

Our strategy, in the short term, will focus on becoming a leading junior

gold producer by maintaining at all times a superior per share position on operational & financial metrics while maintaining a sustainable and risk adverse approach under a “Sustainable Business Model”.

We are guided by our core corporate values to achieve long term value

for all of our stakeholders. By cultivating a culture of responsible performance, we are focused on operating in a sustainable manner while holding ourselves accountable to all of our stakeholders.


SUSTAINABLE BUSINESS MODEL

We believe in developing Richmont based on the principles of sustainability,in order to deliver sustainable andsuperior value for all stakeholderswith low risk exposureto precious metals.

Human ResourcesMaking 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

SustainableCommunity DevelopmentLeadership and consulting skills for promoting comprehensive change

toward sustainability in communities and developing world-class relationships

with Aboriginal communities.

SustainableProcess 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.

SustainableGrowth 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.

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Economy & Finance