montreal and new york marketing

TSX–NYSE MKT: RIC

POSITIONING FOR SUSTAINABLE GROWTH

Montreal and New York MarketingMarch 29 - 30, 2016

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

FORWARD LOOKING STATEMENTS

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.)

http://sec.gov/edgar.shtml


RICHMONT MINES OVERVIEW

Quality 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 (58M)


CAPITAL STRUCTURE

Capital Structure(1)

Issued & Outstanding Shares 58.3M

Options 3.0M

Fully Diluted 62.3M

Cash(1) C$61

Total Debt(2) C$7.3M

Ticker RIC:TSX–NYSE

Market Capital (March 23/16) C$405M

(1) As of Dec. 31, 2015.

(2) Long-term debt is primarily comprised of capital lease obligations

$61MCASH

$7.3MDEBTAnalyst Coverage

CIBC Kevin Chiew

Macquarie Capital Markets Michael Gray

National Bank Financial Adam Melnyk

PI Financial Brian Szeto

TD Securities Daniel Earle

Paradigm Capital Don Blyth

Cormark Securities Kyle MacPhee

Mackie Research Ryan Hanley

Canaccord Genuity Rahul Paul

BMO Capital Markets Brian Quast

Haywood Securities Kerry Smith

Scotia Capital Craig Johnston

RIC (as of March 23, 2016)

TSX C$

NYSE MKT US$

Closing price $6.92 $5.36

52-week range $3.14-$7.30 $2.27-$5.48

Market Cap (M’s) $405M $308M

30-day daily trading avg. 312,287 425,288

Strong cash position supports fully funded strategic growth plan

www.richmont-mines.com 5

Record Revenues of $143.7 million

Strong operating cash flow per share of $0.74

Strong cash position of $61 million at year end

Low long term debt of $7.3 million

Assembled experienced senior management team

Appointed Rene Marion as non-executive Chairman

Appointed Peter Barnes to the Board of Directors

CORPORATE HIGHLIGHTS


Annual production exceeds guidance; AISC in-line with guidance

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)

OPERATIONAL HIGHLIGHTS

2015 2015 Guidance

2016 Guidance

Gold produced (oz) 98,031 87,000-95,000 87,000-97000

Cash cost per oz. (CAN$)(1) $977 $935-$1,035 $930-$1,000

AISC (CAN$)(1) $1,373 $1,335-$1,490 $1,275-$1,390

Cash cost per oz. (US$)(1) $764 $750-$825 $680-$730(2)

AISC (US$)(1) $1,074 $1,075-$1,190 $935-$1,015(2)

1. Refer to the Non-GAAP performance measures contained in the Annual MD&A.2. For 2016 material assumptions include: an average gold price of CAD$1,500 per ounce (US$1,100 per ounce);

and a foreign exchange rate of 1.364 Canadian dollars to the US dollar.

Proven and Probable Mineral Reserves(1)(2)

Island Gold Mine and Beaufor Mine

December 31, 2015 Gold ounces Grams per tonne

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

(1) Refer to the detailed mineral reserve and mineral resource tables follow at the end of this presentation

(2) No changes to Mineral Reserves were made at the Corporation’s other properties.

(1) Mine life based on 2015 Mineral Reserves and Resources

2015 Operational Highlights


HIGH-GRADE UNDERGROUND MINE IN CANADA

Expansion opportunity to grow production

Growing production and declining cost structure

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

Exploration potential laterally and at depth(1) Refer to full 2015 Reserve and Resource information at the end of this presentation

2015 2016Guidance

PEA2017-2022

Avg.

Gold Production (oz)(1) 55,040 62,000-67,000 78,000

Cash costs/oz (C$)(1)(2) $1,034 $900-$960 $552

AISC (C$)(1)(2) $1,460 $1,170-$1,250 $639

Cash costs/oz (US$)(1)(2) $808 $660-$705 $414

AISC (US$) (1)(2) $1,141 $855-$920 $479

(1) Refer to the Non-GAAP performance measures contained in the Annual MD&A.(2) 2016 Guidance assumes an average gold price of CAD$1,500 per ounce (US$1,100 per ounce); and a

foreign exchange rate of 1.364 Canadian dollars to the US dollar.

63% INCREASE IN PRODUCTION SINCE 2013

Capital and Exploration 2015 2016Guidance

2016PEA

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

Project Capital ($M) PEA 28.9 37.4 36.8Project Capital ($M) non-PEA 2.0 6.0(1) -

Exploration ($M) 4.6 7.3 -(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

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

(1) Mine life based on 2015 Mineral Reserves and Resources


Underground Mine Productivity

ISLAND GOLD MINE: POSITIONING FOR GROWTH

0.01.02.03.04.05.06.07.08.09.010.0

0

100

200

300

400

500

600

700

800

900

Q4 14 Q1 15 Q2 15 Q3 15 Q4 15 2016E PEABaseCase

Gra

ms

per t

onne

Tonn

es p

er d

ay

Underground tpd Head grade (g/t)

Island Gold 2014 2015 2016E

Underground tpd 657 659 800

Mill tpd 656 663 800

Head grade (g/t) 7.62 7.31 7-7.5

Recoveries (%) 96.00 96.80 96.50

(1) Fourth quarter production and mine and mill productivity includes a 3-week scheduled underground mine shutdown in October

Tonnes mined from development ore: • 2015: 50% / 2016E: 40%• PEA: 5% (2017-2022)

First 2 mining horizons developed

3 years of mine life pre-developed

63% increase in production since 2013

Tailings expansion complete (2.3MT)


ISLAND GOLD: 2016 DEVELOPMENT AND MINE PLAN

First mining horizon (100% longhole)

Second mining horizon (100% longhole)

Third mining horizon (100% longhole)

Potential fourth mining horizon (100% longhole)


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

ISLAND GOLD: PEA OVERVIEW• Potential for increased production and lower AISC

0

200

400

600

800

1000

1200

Q4 14 Q1 15 Q2 15 Q3 15 Q4 15 Dec 15 PermittedCapacity

Increased Capacity of 900tpdBase Case 800tpd

• 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

$552/oz cash costs

PEA Summary 2017-2022

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 ($M) 256

Average cash operating cost ($/t) 148

Average cash operating cost ($/oz) 552

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

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

Mill Expansion OpportunityExpanded Case: 1,150tpd


86,500m Drilling program launched in Q4 2015; 50,050m completed to date

ISLAND GOLD: EXPLORATION PROGRAM

Upper

Mine

Lower

Mine


ISLAND GOLD: PLANNED REGIONAL EXPLORATION DRILLING


BEAUFOR MINE: OVERVIEW

(1) Refer to the Non-GAAP performance measures contained in the Annual MD&A.(2) Material assumptions include: an average gold price of CAD$1,500 per ounce (US$1,100

per ounce); and 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

2015 2016 Guidance

Gold Production (oz)(1) 26,411 25,000-30,000

Gold Sold (oz) 26,875 -

Cash costs/oz (C$)(1)(2) $995 $1,000-$1,060

AISC (C$)(1)(2) $1,216 $1,230-$1,330

Cash costs/oz (US$)(1)(2) $778 $735-$780

AISC (US$) (1)(2) $951 $905-$975

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

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

Development of the Q Zone; Target of reaching the mineralized structure by early 2016

Generating free cash flow

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


MINERAL RESERVES INCREASE BY 187%

Gold oz.63,850

Gold oz.561,700

0

100

200

300

400

500

600

700

2012 2013 2014 2015

Min

eral

Res

erve

s (0

00’s

oun

ces)

Monique Beaufor Island Gold

Mineral Reserves Growth

Proven and Probable Mineral Reserves(1)(2)

Island Gold Mine and Beaufor MineGold ounces Grams per tonne

December 31 2015 2014Change

(%) 2015 2014Change

(%)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 625,550 217,950 187% 8.05 6.43 25%(1) Refer to the detailed mineral reserve and mineral resource tables follow at the end of this press release.(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


WELL POSITIONED FOR SUSTAINABLE GROWTH

Significant Exploration Potential

Strong Balance Sheet

Favourable Canadian Dollar Exposure

Low Shares Outstanding (58M)

Growing Production - Decreasing Cash Costs Growing Cash Flow Streams

Quality Asset Base in Canada

Growing Production Profile

Decreasing Cost Structure

Growing Cash Flow Streams

-

200

400

600

800

1,000

1,200

50,000

60,000

70,000

80,000

90,000

100,000

110,000

FY-15A FY-16* FY-17 FY-18

Cas

h co

sts

per o

z. (C

AD$)

Gol

d Pr

oduc

tion

(oz)

* 2016 is mid-range of guidanceSource: ThomsonOne Consensus Data

Production (oz) Cash Costs (CAD$/oz)

0.00

0.20

0.40

0.60

0.80

1.00

1.20

1.40

FY-15 FY-16 FY-17 FY-18

Cas

h Fl

ow p

er s

hare

(C$)

Source: ThomsonOne Consensus Data

OCF/PS

APPENDIX


CHRISTIAN BOURCIER

Vice-President, Operations

P. ENGPresident and Chief Executive Officer

P. ENG

RICHMONT MINES: MANAGEMENT TEAM

RENAUD ADAMS DANIEL ADAM

Vice-President Exploration

GEO PHD

NICOLE VEILLEUX

Vice-President Finance

CPA, CA

JEAN BASTIEN

Island Gold Mine General Manager

P. ENG, MBA

MARC-ANDRÉ LAVERGNE

Beaufor Mine and Camflo Mill General Manager

P. ENG

MAXIME GRONDIN

Director, Human Resources

CIRC

MÉLISSA TARDIF

ANNE DAY

Vice-President, Investor Relations

MBA

STEVE BURLETON

Vice-President, Business Development

CFA, MBA

Director, Business Performance Management and Infrastructure

BSC ISE

MIGUEL MENDOZA

Lawyer and Corporate Secretary

LLB


RICHMONT MINES: BOARD OF DIRECTORS

GREG CHAMANDY

Director

RENÉ MARION

Chairman of the Board

P. ENG

MICHAEL PESNER

Director and Chairman ofthe Audit Committee

CA

RENAUD ADAMS

Director, President and Chief Executive Officer

P. ENG

PETER BARNES

Director

CA

ELAINE ELLINGHAM

Director

P. Geo., MBA


2016 OPERATIONAL ESTIMATES2016 Production and Cost Guidance

2016 Capital Investment Guidance

Operational Estimates Island Gold Beaufor2016 Consolidated

EstimatesGold Ounces Produced 62,000-67,000 25,000-30,000 87,000-97,000Cash Costs per Ounce (CAD$)(1) $900-$960 $1,000-$1,060 $930-$1,000Sustaining Capital per Ounce (CAD$) $260-$290 $230-$270 $250-$280

Corporate G&A per Ounce (CAD$) $95-$110

All-in Sustaining Costs per Ounce (CAD$)(1) $1,160-$1,250 $1,230-$1,330 $1,275-$1,390Cash Costs per Ounce (US$)(1) $660-$705 $735-$780 $680-$730Sustaining Capital per Ounce (US$) $190-$215 $170-$195 $185-$205

Corporate G&A per Ounce (US$) $70-$80

All-in Sustaining Costs per Ounce (US$)(1) $850-$920 $905-$975 $935-$1,015(1) Cash costs and AISC are non-GAAP measures. Refer to the Non-GAAP performance measures section in the 2015 Annual MD&A.

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

Capital and Exploration Investment ($M) Island Gold Quebec Division2016 Consolidated

EstimatesSustaining Capital (CAD$) $17.3 $6.8 $24.1Project Capital (CAD$)(3) $43.4 $ - $43.4Company-wide Exploration (CAD$) $7.3(1) $1.1(2) $8.4Sustaining Capital (US$) $12.7 $5.0 $17.7Project Capital (US$)(3) $31.8 $ - $31.8Company-wide Exploration (US$) $5.4 $0.8 $6.2(1) Exploration costs required to complete the drilling programs announced in September 2015.(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.


Sustaining Capital Investment ($M) CAD$ US$

Exploration Expense 4.6 3.6

Total Exploration 4.6 3.6

2015 Island Gold Exploration Expense

ISLAND GOLD: Capital & Exploration Expenditures

Sustaining Capital Investment ($M) CAD$ US$

Capital Projects / Fixed Assets 10.3 8.1

Sustaining Mine Development 9.1 7.1

Delineation Drilling 2.9 2.3

Sustaining Capital Investment 22.3 17.5

• Additional sustaining costs for the year included electrical and infrastructure upgrades of $1.7 million (US$ 1.3 Million) and the development of additional resources located in the Goudreau Zone, which was not considered in 2015 guidance estimates.

• Additional project capital investments for 2015 included the expansion of the tailings dam capacity for $6.8 million (US$ 5.3 million), electrical upgrades of $3.4 million (US$ 2.7 million) as well as other site infrastructure upgrades.

2015 Island Gold Capital Investment

Project Capital ($M)(1) CAD$ US$

Tailings Dam Expansion 8.7 5.3

Main Ramp Extension 7.8 6.1

Eastern Ramp Extension and 620m Exploration Drift 8.5 6.6

Electrical Upgrade 5.9 2.7

Total Project Capital 30.9 20.7


Development Ore vs. Unit Costs:

$1,232

$1,696

1000

1100

1200

1300

1400

1500

1600

1700

1800

USD Gold CAD Gold

ISLAND GOLD: OPTIMIZING UNIT COSTS

$49SG&A (21%)

2015 Unit Cost Allocation

$140MINING (60%)

$35MILLING

(15%)

$8ROYALTIES (3%)

Strong Leverage to Canadian Dollar95% of Cash Outflows in CAD$

3-years mine life pre-developed: Provides significant flexibility


49,196 oz

MINERAL RESERVES AND RESOURCESRichmont Mines 2015 Mineral Reserve and Resource Estimates

December 31, 2015 December 31, 2014Tonnes Grade Ounces Tonnes 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

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 CAD$1,300 per ounce and an exchange rate of CAD$1.2037 = US$1.00. (In 2014: gold price of CAD$1,300 per ounce and CAD$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.


TOP SHAREHOLDERSFirm Name % O/S Shares Held City

Oxbridge Group, Inc.(1) 6.93 4,020,854 MontrealRenaissance Technologies LLC 5.95 3,484,500 New YorkZPR Investment Management Inc. 4.70 2,752,610 Orange CityCaisse de Depot et Placement du Quebec 4.66 2,730,000 MontrealOppenheimerFunds, Inc. 3.93 2,300,000 New York1832 Asset Management L.P. 3.72 2,175,000 TorontoConnor, Clark & Lunn Investment Management Ltd. 3.10 1,812,714 VancouverRBC Global Asset Management Inc. 2.92 1,711,273 TorontoSentry Investments Inc. 2.76 1,615,900 TorontoMackenzie Financial Corporation 2.73 1,600,800 TorontoRuffer LLP 2.22 1,300,000 LondonU.S. Global Investors, Inc. 1.88 1,100,000 San AntonioFiera Capital Corporation 1.70 995,789 MontrealFonds de Solidarité FTQ 1.68 985,600 MontrealEterna Investment Management Inc. 1.52 888,600 Quebec CityPicton Mahoney Asset Management 1.45 850,000 TorontoDimensional Fund Advisors, L.P. 1.41 825,000 AustinNorrep Capital Management Ltd. 1.12 655,400 CalgaryManulife Asset Management Limited 1.11 650,000 TorontoAcadian Asset Management LLC 1.00 584,648 BostonFormula Growth Ltd. 0.94 550,000 MontrealAGF Investments Inc. 0.93 546,600 TorontoBlackRock Asset Management Canada Limited 0.93 545,000 TorontoJames Investment Research Inc. 0.86 505,415 XeniaGabelli Funds, LLC 0.77 450,000 Rye(1) Shares held by H. Greg Chamandy, Director– Richmont Mines


ISLAND GOLD MINENear-Mine Lateral Exploration


ISLAND GOLD MINEDeep Directional Drilling (Phase 1)


ISLAND GOLD MINEEastern Lateral Exploration


ISLAND GOLD MINESWestern Lateral Exploration


BEAUFOR MINE: OPERATIONAL HIGHLIGHTS

(1) Refer to the Non-GAAP performance measures contained in the Annual MD&A.

Safe operation, 2 years without lost-time injury

Cash costs & AISC in-line with guidance

Reserves increased by 95%; mine life increased by 2 years (reserves)

Development of Q Zone; target to reach mineralization Q1 2016

Beaufor Mine

Quarter endedDec. 31/15


Twelve-months ended

Dec. 31/15

Twelve-months ended

Dec.31/14

Gold produced (oz) 5,652 6,633 26,411 24,959

Gold sold (oz) 5,237 5,840 26,875 24,006

Cash cost per ounce (CAN$)(1) 1,084 935 995 946

AISC (CAN$)(1) 1,515 988 1,216 1,024

Realized gold price (CAN$) 1,467 1,367 1,474 1,399

Cash cost per ounce (US$)(1) 812 823 778 856

AISC (US$)(1) 1,135 870 951 927

Realized gold price (US$) 1,099 1,204 1,153 1,267

Underground tpd 306 327 343 323

Mill tonnes 28,345 30,247 125,447 115,573

Head grade (g/t) 6.30 6.96 6.64 6.86

Recoveries (%) 98.4 98.1 98.6 97.9

Sustaining Costs ($000’s) 2,259 313 5,942 1,880

Project and non-sustaining capital ($000’s) 132 607 340 1,733


MONIQUE MINE: OPERATIONAL HIGHLIGHTS

(1) Refer to the Non-GAAP performance measures contained in the Annual MD&A.

Monique Mine



Twelve-months ended

Dec. 31/15

Twelve-months ended

Dec. 31/14

Gold produced (oz) 2,525 7,324 16,580 23,675

Gold sold (oz) 2,835 6,774 17,657 23,490

Cash cost per ounce (CAN$)(1) 977 586 782 910

AISC (CAN$)(1) 982 647 798 958

Realized gold price (CAN$) 1,478 1,366 1,486 1,387

Cash cost per ounce (US$)(1) 731 516 612 824

AISC (US$)(1) 735 570 625 867

Realized gold price (US$) 1,107 1,203 1,162 1,256

Mill tonnes 45,922 85,447 224,673 283,009

Head grade (g/t) 1.77 2.80 2.37 2.71

Recoveries (%) 96.4 95.3 96.7 96.0

Mining of the pit completed January 2015

Cash Costs & AISC in-line with guidance

Strong Free Cash Generation

Stockpile processed in 2015; grade of 2.37 g/t Au

Reclamation on-going


WASAMAC: ADVANCED DEVELOPMENT PROJECT

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

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

15km west of Rouyn-Noranda, Quebec

100% owned, no royalties

Close proximity to existing infrastructure

Located in the Abitibi gold mining district

Significant exploration potential

NI 43-101 PEA released in March 2012


RICHMONT MINES ASSETSVALD’OR AREA – EXPLORATION PROPERTIES


RICHMONT MINES ASSETSROUYN-NORANDA AREA / EXPLORATION PROPERTIES


RICHMONT MINES ASSETSTIMMINS 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.


OUR VALUES

At the heart of this is a commitment to responsibility, integrity and accountability and the Corporation’s four corporate values of Family, Health & Safety, Growth and Team Work.

Health and Safety“Zero tolerance…”

Family“At the heart of

what unites us…”Richmont Mines is a family. Our

management team is easily accessible and actively listens to our employees and their

families. Richmont has put a number of plans and activities in place, including programs that

support work-family balance, scholarships, and student hiring.

Health and safety is a cardinal value of the corporation. Richmont Mines makes every effort to safeguard the health and safety of all of its employees. We implement efficient health and wellness programs and support our objectives with recognition programs.The only truly acceptable result is zero accidents.

Team Work “Working together...”

Richmont Mines strives to create a unified team by encouraging the involvement and

the participation of our employees and stakeholders. We want our employees to enjoy working together. Every position is important. Working together and promoting

cooperation promotes continued success and the achievement of greater objectives.

With an objective of becoming a leading junior gold producer in the short-term and an important intermediate gold producer, Richmont’s growth is supported by the development of our workforce, the health and safety of our employees, and cultivating good relations with the community, while having a transparent approach, driven by integrity and ethics.

Growth “We are building the future…”


SUSTAINABLE BUSINESS MODEL

We believe in developing Richmont based on the principles of sustainability, in order to deliver sustainable and superior value for all stakeholders with low risk exposure to precious metals.

SustainableHuman Resources

SustainableCommunity Development

SustainableProcess Improvement

SustainableGrowth Principles

Making work life sustainable through employee health & safety and wellness

programs, improved supervisory & operational planning/implementation practices and skills through training programs. Develop potential

leadership abilities through leadership program. Promote Life in Balance; family, work and

personal development.

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.

Leadership and consulting skills for promoting comprehensive change

toward sustainability in communities and developing world-class relationships

with Aboriginal communities.

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.