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TSX–NYSE MKT: RIC POSITIONING FOR SUSTAINABLE GROWTH London Marketing November 24, 2015
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Page 1: London Marketing Presentation

TSX–NYSE MKT: RIC

POSITIONING FOR SUSTAINABLE GROWTH

London MarketingNovember 24, 2015

Page 2: London Marketing Presentation

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.)

Page 3: London Marketing Presentation

www.richmont-mines.com 3RIC: TSX NYSE-MKT

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)

Page 4: London Marketing Presentation

www.richmont-mines.com 4RIC: TSX NYSE-MKT

CAPITAL STRUCTURE

Capital Structure(1)

Issued & Outstanding Shares 58.1M

Options 4.2M

Fully Diluted 62.5M

Cash(1) C$76.5

Total Debt(1)(2) C$6M

Ticker RIC:TSX–NYSE

Market Capital C$231M

(1) As of Sept. 30, 2015(2) Long-term debt is comprised of capital lease obligations

$76.5MCASH

$6MDEBT

Analyst 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

RIC (as of Nov. 2, 2015)

TSX C$

NYSE MKT US$

Closing price $4.10 $3.17

52-week range $2.17-$4.55 $1.91-$3.68

Market Cap (M’s) $231M $184M

3-month daily trading avg. 81,089 134,538

Page 5: London Marketing Presentation

www.richmont-mines.com 5RIC: TSX NYSE-MKT

SOLID PERFORMANCE AND ORGANIC GROWTHQ3

20159-months

20152015

Guidance

Gold produced (oz) 23,478 75,651 87,000-95,000

Gold sold (oz) 22,962 75,319

Cash cost per oz. (CAN$)(1) $926 $961 $935-$1,035

AISC (CAN$)(1) $1,311 $1,290 $1,335-$1,490

Cash cost per oz. (US$)(1) $707 $763 $750-$825

AISC (US$)(1) $1,001 $1,024 $1,075-$1,190

(1) Refer to the Non-GAAP performance measures contained in the Q3 MD&A.

-

200

400

600

800

1,000

1,200

40,000

50,000

60,000

70,000

80,000

90,000

100,000

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

Cas

h co

sts

per o

z. (C

AD$)

Gol

d Pr

oduc

tion

(oz)

Source: ThomsonOne Consensus Data

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

Growing Production - Decreasing Cash Costs

0.00

0.20

0.40

0.60

0.80

1.00

1.20

1.40

1.60

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

Cas

h Fl

ow p

er s

hare

(C$)

Source: ThomsonOne Consensus Data

OCF/PS

Growing Cash Flow Streams

Page 6: London Marketing Presentation

www.richmont-mines.com 6RIC: TSX NYSE-MKT

ISLAND GOLD MINE OVERVIEW

High-grade underground mine in Canada

Expansion opportunity to grow production

Growing production and declining cost structure

Potential to expand reserve and resource base

Exploration potential laterally and at depth

Q3 2015

9-months2015

2015 Guidance

Gold Production (oz) 15,076 40,837 45,000-50,000

Gold Sold (oz) 14,233 38,859

Cash costs/oz (C$)(1) $890 $1,036 $935-$1,035

AISC (C$)(1) $1,267 $1,416 $1,350-$1,495

Cash costs/oz (US$)(1) $680 $823 $748-$828

AISC (US$) (1) $968 $1,125 $1,080-$1,196

Reserves (oz)(2) 183,750

Gold Grade (g/t) 6.39

M&I Resources (oz) 219,050

Gold Grade (g/t) 9.29

(1) Refer to the Non-GAAP performance measures contained in the Q3 MD&A. (2) Refer to full 2014 Reserve and Resource information at the end of this presentation

Page 7: London Marketing Presentation

www.richmont-mines.com 7RIC: TSX NYSE-MKT

Growing Production andDecreasing Costs

Mining and Milling Ramp-up

ISLAND GOLD: ON TRACK FOR RECORD 2015

0

500

1,000

1,500

2,000

2,500

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

Q4 14 Q1 15 Q2 15 Q3 15

Can

adia

n $

per o

unce

Oun

ces

Prod

uced

Gold Production Cash Costs AISC

0.001.002.003.004.005.006.007.008.009.00

0100200300400500600700800900

Q4 14 Q1 15 Q2 15 Q3 15

g/t

Tonn

es p

er d

ay

Underground tpd Mill tpd Head grade (g/t)

Island GoldQ3

20159-months

20152015

Guidance

Gold produced (oz) 15,076 40,837 45,000-50,000

Gold sold (oz) 14,233 38,859

Cash cost per ounce (CAN$)(1) $890 $1,036 $935-$1,035

AISC (CAN$)(1) $1,267 $1,416 $1,350-$1,495

Cash cost per ounce (US$)(1) $680 $823 $748-$828

AISC (US$)(1) $968 $1,125 $1,080-$1,196(1) Refer to the Non-GAAP performance measures contained in the Q3 MD&A.

Page 8: London Marketing Presentation

www.richmont-mines.com 8RIC: TSX NYSE-MKT

Underground Mine Productivity Mill Productivity

ISLAND GOLD: 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 PEA BaseCase

Gra

ms

per t

onne

Tonn

es p

er d

ay

Underground tpd Head grade (g/t)

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

120.0%

0

100

200

300

400

500

600

700

800

900

Q4 14 Q1 15 Q2 15 Q3 15 PEA BaseCase

Rec

over

ies

(%)

Tonn

es p

er D

ay

Mill tpd Recoveries (%)

Island GoldQ3

20159-months

2015

Underground tpd 669 660

Mill tonnes 66,416 181,785

Mill tpd 722 666

Head grade (g/t) 7.27 7.20

Recoveries (%) 97.12 97.01

Sustaining Costs ($000’S) 5,371 14,754

Project and non-sustaining exploration costs ($000’s) 8,234 18,124

Page 9: London Marketing Presentation

www.richmont-mines.com 9RIC: TSX NYSE-MKT

Development Ore vs. Unit Costs

$1,088

$1,447

1000

1100

1200

1300

1400

1500

1600

1700

1800

As of Nov. 6, 2015USD Gold CAD Gold

ISLAND GOLD: OPTIMIZING UNIT COSTS

$44SG&A (20%)

2015 YTD Unit Cost Allocation

$139MINING (62%)

$32MILLING

(14%)

$8ROYALTIES (4%)

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

70% 65% 60% 55% 50% 45% 40% 35% 30% 25% 20% 15% 10% 5%

Q1 2015 (70%)

Q4 2014 (50%)

Q3 2015 $114/tonne

(46%) Q3 2014(43%)

Q2 2015(39%)

PEA (2017-2022)$74/tonne

0

50

100

150

200

250

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Uni

t Min

ing

CAD

$ pe

r Ton

ne

Perc

ent D

evel

opm

ent O

re

Development Ore Unit Mining Costs

Page 10: London Marketing Presentation

www.richmont-mines.com 10RIC: TSX NYSE-MKT

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

0

200

400

600

800

1000

1200

Q4 2014 Q1 2015 Q2 2015 Q3 2015 PermittedCapacity

Permitted Capacity 900tpdBase Case 800tpd

• Phased approach with 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

• Potential Expansion Case to 1,150 tpd in H1 2017

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

Page 11: London Marketing Presentation

www.richmont-mines.com 11RIC: TSX NYSE-MKT

ISLAND GOLD MINE: PEA BASE CASE (800TPD)

Developing deeper resource to create substantial long-term growth.

Page 12: London Marketing Presentation

www.richmont-mines.com 12RIC: TSX NYSE-MKT

ISLAND GOLD MINE: PEA BASE CASE (800TPD)

Page 13: London Marketing Presentation

www.richmont-mines.com 13RIC: TSX NYSE-MKT

ISLAND GOLD MINE: PLANNED NEAR-MINE EXPLORATION DRILLING

Page 14: London Marketing Presentation

www.richmont-mines.com 14RIC: TSX NYSE-MKT

ISLAND GOLD MINE: 2015 PLANNED REGIONAL EXPLORATION DRILLING

Page 15: London Marketing Presentation

www.richmont-mines.com 15RIC: TSX NYSE-MKT

BEAUFOR MINE OVERVIEWQ3

20159-months

2015

Gold Production (oz) 5,714 20,759

Gold Sold (oz) 5,919 21,638

Cash costs/oz (C$)(1) $974 $974

AISC (C$) $1,225 $1,144

Cash costs/oz (US$)(1) $744 $773

AISC (US$) $936 $908

Reserves (oz)(2) 32,750

Gold Grade (g/t) 7.06

M&I Resources (oz) 189,850

Gold Grade (g/t) 6.44

(1) Refer to the Non-GAAP performance measures contained in the Q3 MD&A. (2) Refer to full 2014 Reserve and Resource information at the end of this presentation

Development of the Q Zone extends mine life

Target of reaching the mineralized structure by early 2016

28,000m of exploration drilling and 8,000m of definition drilling year to date

Page 16: London Marketing Presentation

www.richmont-mines.com 16RIC: TSX NYSE-MKT

MONIQUE MINE & CAMFLO MILL OVERVIEW

Camflo Mill

Monique Mine Q3 2015

9-months2015

Gold Production (oz) 2,688 14,055

Gold Sold (oz) 2,810 14,822

Cash costs/oz (C$)(1) $1,005 $745

AISC (C$)(1) $1,020 $762

Cash costs/oz (US$)(1) $768 $592

AISC (US$)(1) $779 $605

(1) Refer to the Non-GAAP performance measures contained in the Q3 MD&A.

Milling of the lower-grade cash-flow accretive stockpiled ore during Q3

Processing of the lower grade stockpile will be completed by the end of 2015

Cash margin on processing stockpiled ore of approx. $746 per ounce in Q3

Toll milling opportunities at the 1,200 tpd Camflo Mill

Page 17: London Marketing Presentation

www.richmont-mines.com 17RIC: TSX NYSE-MKT

0

50

100

150

200

250

300

LSG RIC KGI KDX WDO CRJ

0.00

1.00

2.00

3.00

4.00

5.00

6.00

WDO CRJ RIC KGI LSG KDX

-30%

-20%

-10%

0%

10%

20%

30%

40%

RIC KDX CRJ WDO KGI LSG

RELATIVE VALUATION

P/NAV(1) 2016 P/CF

Net cash/mkt cap Ev/oz (Resources)

Source: Bloomberg and ThomsonOne

0.57x

0.76x 0.77x 0.78x 0.80x 0.80x

0.30x

0.40x

0.50x

0.60x

0.70x

0.80x

0.90x

RIC WDO CRJ LSG KDX KGI(1) Average analyst estimates

RIC: TSX NYSE-MKT

Page 18: London Marketing Presentation

www.richmont-mines.com 18RIC: TSX NYSE-MKT

WELL POSITIONED FOR SUSTAINABLE GROWTH

Significant Exploration Potential

Strong Balance Sheet

Favourable Canadian Dollar Exposure

Low Shares Outstanding (58M)

-

200

400

600

800

1,000

1,200

-

20,000

40,000

60,000

80,000

100,000

120,000

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

Cas

h co

sts

per o

z. (C

AD$)

Gol

d Pr

oduc

tion

(oz)

Source: ThomsonOne Consensus Data

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

Growing Production - Decreasing Cash Costs Growing Cash Flow Streams

Quality Asset Base in Canada

Growing Production Profile

Decreasing Cost Structure

Growing Cash Flow Streams

0.00

0.20

0.40

0.60

0.80

1.00

1.20

1.40

1.60

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

Cas

h Fl

ow p

er s

hare

(C$)

Source: ThomsonOne Consensus Data

OCF/PS

Page 19: London Marketing Presentation

www.richmont-mines.com 19RIC: TSX NYSE-MKT

APPENDIX

Page 20: London Marketing Presentation

www.richmont-mines.com 20RIC: TSX NYSE-MKT

RICHMONT MINES: MANAGEMENT TEAM

RENAUD ADAMS

President and Chief Executive Officer

NICOLE VEILLEUX

Vice-President Finance

STEVE BURLETON

Vice-President, Business Development

DANIEL ADAM

Vice-President Exploration

GEO PHD CPA, CA CFA, MBA

ANNE DAY

Vice-President, Investor Relations

MBA

MAXIME GRONDIN

Director, Human Resources and Health & Safety

MIGUEL MENDOZA

Director, Business Performance Management and Infrastructure

JEAN BASTIEN

Island Gold Mine General Manager

MARC-ANDRÉ LAVERGNE

Beaufor and Monique Division General Manager

BSC ISE P. ENG, MBA P. ENGCIRC

P. ENG

Legal Counsel & Corporate Secretary

MÉLISSA TARDIF

Page 21: London Marketing Presentation

www.richmont-mines.com 21RIC: TSX NYSE-MKT

RICHMONT MINES: BOARD OF DIRECTORS

GREG CHAMANDY

Executive Chairman of the Board

RENAUD ADAMS

Director, President and Chief Executive Officer

ELAINE ELLINGHAM

Lead Director

MICHAEL PESNER

Director and Chairman ofthe Audit Committee

RENÉ MARION

Director

P. Geo., MBA CA P. ENGP. ENG

Co-Founder and Former CEO of Gildan Activewear

Previously TSX, IAMGOLD, Campbell Resources, Rio Algom

President of Hermitage Canada Finance, previously KPMG

Former CEO AuRico GoldCEO of Richmont Mines

Page 22: London Marketing Presentation

www.richmont-mines.com 22RIC: TSX NYSE-MKT

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.

As of Dec. 31, 2014 As of Dec. 31, 2013

Richmont Mines Inc.Mineral Reserves and Resources 1

Tonnes(metric)

Grade(g/t Au)

Au ozs contained

Tonnes(metric)

Grade(g/t Au)

Au ozs contained

Island Gold

P & P Reserves 2 (above -400 m) 463,500 6.04 90,000 644,500 6.01 124,450P & P Reserves 2,3 (below -400 m) 431,500 6.76 93,750 88,500 6.70 19,050Total P & P Reserves 2 895,000 6.39 183,750 733,000 6.09 143,500M & I Resources (above -400 m) 295,500 6.83 64,850 283,500 7.07 64,450Indicated Resources 3 (below -400 m) 438,000 10.95 154,200 456,000 11.52 168,900Total M & I Resources 733,500 9.29 219,050 739,500 9.81 233,350Inferred Resources (above -400 m) 369,500 6.97 82,800 363,000 7.09 82,750Inferred Resources 3 (below -400 m) 3,178,000 9.00 919,950 3,196,000 9.29 954,600Total Inferred Resources 3,547,500 8.79 1,002,750 3,559,000 9.07 1,037,350

Beaufor 4P & P Reserves 2 144,500 7.06 32,750 212,500 6.43 43,950M & I Resources 917,000 6.44 189,850 911,000 6.44 188,500Inferred Resources 743,000 6.51 155,600 906,000 6.50 189,200

Monique 5 P & P Reserves2 14,500 3.16 1,450 416,000 2.30 30,700Indicated Resources 107,500 4.88 16,850 107,500 4.88 16,850

Francoeur 6 M & I Resources 320,000 6.47 66,600 320,000 6.47 66,600

Inferred Resources 18,000 7.17 4,150 18,000 7.17 4,150

Wasamac 7 M & I Resources 15,251,500 2.86 1,402,250 15,251,500 2.86 1,402,250

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

Total GoldP & P Reserves 1,054,000 6.43 217,950 1,361,500 4.98 218,150M & I Resources 17,329,500 3.40 1,894,600 17,329,500 3.42 1,907,550Inferred Resources 23,067,500 3.73 2,767,900 23,242,000 3.80 2,836,100

MINERAL RESERVES AND RESOURCES

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

(5) Monique Reserves are open-pit, and Resources are located underground directly below the open-pit.

(6) Underground Resources established as of December 31, 2012. (7) Francoeur Mine closed in November 2012.

Page 23: London Marketing Presentation

www.richmont-mines.com 23RIC: TSX NYSE-MKT

2015 GUIDANCE

Gold ounces produced (oz) 2015 Guidance

Island Gold Mine 45,000-50,000

Beaufor Mine & Monique Mine 42,000-45,000

Total ounces produced (oz) 87,000-95,000

Cash cost per ounce (CAN$)

Island Gold Mine $935-$1,035

Beaufor Mine & Monique Mine $935-$1,035

Consolidated Cash cost/oz (CAN$) $935-$1,035

AISC (CAN$)

Island Gold Mine $1,350-$1,495

Beaufor Mine & Monique Mine $1,125-$1,265

Consolidated AISC (CAN$) $1,335-$1,490

Cash cost per ounce (US$)(3)

Island Gold Mine $750-$825

Beaufor Mine & Monique Mine $750-$825

Consolidated Cash cost per ounce (US$) $750-$825

AISC (US$)(3)

Island Gold Mine $1,080-$1,200

Beaufor Mine & Monique Mine $900-$1,010

Consolidated AISC (US$) $1,075-$1,190

2015 Production and Cost GuidanceSustaining Capital (CAD$M) 2015 Guidance

Island Gold Mine $19.1

Beaufor Mine & Monique Mine $6.2

Total sustaining capital (CAD$M) $25.3

Sustaining Capital (US$M)(3)

Island Gold Mine $15.2

Beaufor Mine & Monique Mine $5.0

Total sustaining capital (US$M) $20.2

Project and Exploration Capital (CAN$M)

Island Gold Mine $29.2

Beaufor Mine & Monique Mine $1.8

Project and Exploration Capital (CAN$M) $31.0

Project and Exploration Capital (US$M)(3)

Island Gold Mine $23.4

Beaufor Mine & Monique Mine $1.4

Project and Exploration Capital (US$M) $24.8

2015 Capital Investment Guidance

1) Refer to the Non-GAAP performance measures contained in the Q3 MD&A. 2) Refer to full 2014 Reserve and Resource information at the end of this presentation3) Using an exchange rate of 1.25 Canadian dollars to 1.0 US dollar

Page 24: London Marketing Presentation

www.richmont-mines.com 24

TOP SHAREHOLDERSFirm Name % O/S Shares Held City

Oxbridge Group, Inc.(1) 6.93 4,020,854 MontrealRenaissance Technologies LLC 5.50 3,190,200 New YorkCaisse de Depot et Placement du Quebec 4.70 2,730,000 MontrealSentry Investments Inc. 4.57 2,652,300 TorontoRBC Global Asset Management Inc. 3.84 2,228,800 Toronto1832 Asset Management L.P. 3.53 2,050,000 TorontoZPR Investment Management Inc. 2.97 1,724,150 Orange CityMackenzie Financial Corporation 2.89 1,675,000 TorontoConnor, Clark & Lunn Investment Management Ltd. 2.77 1,608,778 VancouverOppenheimerFunds, Inc. 2.15 1,250,000 New YorkRuffer LLP 2.02 1,170,000 LondonU.S. Global Investors, Inc. 1.98 1,150,000 San AntonioChamandy (H Gregory)(1) 1.72 995,509 MontrealFonds de Solidarité FTQ 1.69 980,000 MontrealPicton Mahoney Asset Management 1.64 950,000 TorontoDimensional Fund Advisors, L.P. 1.51 875,000 AustinNorrep Capital Management Ltd. 1.32 764,400 CalgaryFiera Capital Corporation 0.98 568,789 MontrealPhillips, Hager & North Investment Management 0.97 563,500 VancouverAGF Investments Inc. 0.94 546,600 TorontoManulife Asset Management Limited 0.89 517,100 TorontoGabelli Funds, LLC 0.78 450,000 RyeAcadian Asset Management LLC 0.75 434,507 BostonBMO Asset Management Inc. 0.60 350,000 TorontoBaker Steel Capital Managers LLP 0.60 350,000 London(1) Shares held by H. Greg Chamandy, Executive Chairman – Richmont Mines

Page 25: London Marketing Presentation

www.richmont-mines.com 25RIC: TSX NYSE-MKT

ISLAND GOLD MINE: C ZONE - METAL FACTOR (GRADE X WIDTH)

Page 26: London Marketing Presentation

www.richmont-mines.com 26RIC: TSX NYSE-MKT

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

Page 27: London Marketing Presentation

www.richmont-mines.com 27RIC: TSX NYSE-MKT

RICHMONT MINES ASSETSVALD’OR AREA – EXPLORATION PROPERTIES

Active Gold Mines

Gold Showing

2 km

GOLDEX

CANADIAN MALARTIC

BEAUFOR MINE

117

Val d’Or

Fourniere Lake

Demontigny Lake

Gueguen Lake

CAMFLO MILL

MONIQUEMonique Type

Target

CHIMOCadillac Fault,

Chimo Mine Type Target

COURVAN -LOUVEM 117

Beaufor Mine Type Target

Page 28: London Marketing Presentation

www.richmont-mines.com 28RIC: TSX NYSE-MKT

RICHMONT MINES ASSETSROUYN-NORANDA AREA / EXPLORATION PROPERTIES

Active Gold Mines

Gold Showing

2 km

ELDER MINE

117

Larder Lake – Cadillac Fault

LAC FORTUNE, GUINARD-MASSIA

Cadillac Fault Type Target

WASAMACFRANCOEUR

Rouyn-Noranda

LAC LABYRINTHEGold Shear Zone Target

Page 29: London Marketing Presentation

www.richmont-mines.com 29RIC: TSX NYSE-MKT

RICHMONT MINES ASSETSTIMMINS AREA / EXPLORATION PROPERTIES

TISDALE

SEWELL

PRICE ADAMSTHORNELOE

MOUNTJOY

FRIPP

DENTON

HILLARY

OGDEN

GODFREY

KEEFER

MASSEY

MCARTHUR

CARSCALLEN BRISTOL

FREY

MCKEOWN

DELORO

TURNBULL

REYNOLDS

W HITESIDES

2 km

TIMMINS WEST MINE

101

CRIPPLE CREEKSouth-West Extension of

TC-144 trend

Timmins

SEWELL

DOME

HOLLINGER McINTYRE

Gold River Trend

TC-144 Trend

144

Past Gold Mines

Gold Showing

Active Gold Mines

Page 30: London Marketing Presentation

www.richmont-mines.com 30RIC: TSX NYSE-MKT

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.

Page 31: London Marketing Presentation

www.richmont-mines.com 31RIC: TSX NYSE-MKT

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…”

Page 32: London Marketing Presentation

www.richmont-mines.com 32RIC: TSX NYSE-MKT

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.