Island Gold Mine Technical Session Presentation

POSITIONING FOR SUSTAINABLE GROWTH
TSX–NYSE MKT: RIC
ISLAND GOLD TECHNICAL SESSION
October 28, 2015

www.richmont-mines.com 2
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 could
cause actual results to differ materially from those indicated in such forward-looking statements include changes in the
prevailing price of gold, the Canadian-U.S. exchange rate, grade of ore mined and unforeseen difficulties in mining
operations that could affect revenue and production costs. Other factors such as uncertainties regarding government
regulations could also affect the results. Other risks may be detailed from time to time in Richmont Mines Inc.’s
periodic reports and annual notice.
The resource estimates in this presentation were prepared in accordance with 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.
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.)

AGENDA
• 800 TPD Analysis
• Maximum Capacity
• Material Handling Options
• Milling Study
Richmont Overview Renaud Adams
• Vision and Short Term Strategy
• Sustainable Business Model
• Corporate Overview
• Island Gold Overview
Mining & Milling Study
Geology & Exploration Upside
Q&A

MANAGEMENT AND CONSULTANTS
Renaud Adams President & CEO
Anne Day V.P. Investor Relations
Steve Burleton V.P. Business Development
Nicole Veilleux V.P. Finance
Jean Bastien General Manager, Island Gold
Raynald Vincent Chief Geologist, Island Gold
Denis Gourde V.P. Engineering, InnovExplo inc.
Sylvie Poirier Engineering Manager, InnovExplo inc.
Jean Garant Senior Engineer, InnovExplo inc.

RICHMONT OVERVIEW

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.
In the short term, our strategy 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

INVESTMENT 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
Issued & Outstanding Shares 58.0M
Options 1.0M
Fully Diluted 59.0M
Cash(1) C$76.5
Total Debt(1)(2) C$6M
Ticker RIC:TSX–NYSE
Market Capital C$243M
(1) As of Oct. 23 2015
(2) Long-term debt is comprised of capital lease obligations
$76.5M
CASH
$6M
DEBT
Analyst Coverage
CIBC Kevin Chiew
Macquarie Capital Markets Michael Gray
National Bank Financial Adam Melnyk
PI Financial Brian Szeto
TD Securities Daniel Earle
Paradigm Capital Don Blyth
RIC
(as of Oct. 23/15)
TSX
C$
NYSE MKT
US$
Closing price $4.18 $3.19
52-week range $2.15-$4.55 $1.89-$3.68
Market Cap (M’s) $243M $185M
3-month daily trading avg. 83,370 142,964

QUALITY ASSET BASE IN CANADA
Island Gold a High-Grade underground mine
Beaufor Mine – Extending Mine Life
Development of the Q Zone extends mine life
18,200m of exploration drilling (2015)
11,800m of definition drilling (2015)
Growing production profile
Decreasing cost structure
Growing cash flow streams
Upgraded mine and mill expansion plan
Potential to grow resource inventory
Exploration potential laterally and at depth

www.richmont-mines.com 11TSX - NYSE MKT: RIC
ISLAND GOLD MINE
Significant Potential for Long-Term Growth
© 2015 by Richmont Mines
Developing a 1+ million ounce, high-grade global gold resource below an
operating, permitted and staffed mine in Ontario
• Northern Ontario is a relatively
young and underexplored
mining district;
• Favourable regional geology
that supported small past
producers;
• Several larger mines being
established in region;
• Significant exploration
potential: near-mine and
across 77.0 km2 Island Gold
property package.

ISLAND GOLD 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-months
Sept. 30 2015
Gold Production 15,076 40,837
Underground tpd 669 660
Mill tonnes 66,416 181,785
Mill tpd 722 666
Head grade (g/t) 7.27 7.20
Recoveries (%) 97.1 97.0
Reserves (oz)(1)(2)(3) 183,750
Gold Grade (g/t) 6.39
M&I Resources (oz) 219,050
Gold Grade (g/t) 9.29
(1),(2),(3) See Endnotes at the end of the presentation

Crown pillar
W EGOUDREAULOCHALSH ISLAND EXT1 EXT2
13TSX - NYSE MKT: RIC
Developing deeper resource to create substantial long-term growth.
PRODUCTION TO DATE (ABOVE -400 M)
303,000 ozs of gold, avg. 5.7 g/t Au
Reserves & Resources (at Dec. 31/14)
Proven & Probable: 90,000 ozs @ 6.04 g/t
Measured & Indicated: 64,850 ozs @ 6.83 g/t
Inferred resources: 82,800 ozs @ 6.97 g/t
LOWER EXTENSION (BELOW -400 M)
Reserves & Resources (at Dec. 31/14)
Proven & Probable: 431,500 t @6.76 g/t Au 93,750 ozs
Indicated 438,000 t @ 10.95 g/t Au 154,200 ozs
Inferred 3,178,000 t @ 9.00 g/t Au 919,950 ozs
2015 Planned Ramp & Drift Development
Conceptual Development
2015 Stoping
Mined out
Reserves – Resources 31/12/14
Actual Ramp and Drifts
- 1,000 m
- 500 m
190 Level
2015 Planned Ore Development
2015 INVESTMENT $48.3 M
• Fully funded
• Sustaining: $19.1 M
• Project related: $29.2 M
ISLAND GOLD MINE
Extending Mine Life at Depth…

2015 – a year of repositioning :
 Extensive development work and investment
being completed in 2015 to reposition the mine
for significant long-term growth
 2015 forecasted gold sales: 45,000 – 50,000 ozs
6 month 2015 results on track:
 Record quarterly gold sales: 14,997 ounces
 Record quarterly milled tonnage: 71,584 tonnes
 Mill demonstrated that it can efficiently
operate at current capacity limit of 800 tpd
 H1 2015
 Gold production: 25,761 ounces
 Gold sales: 24,626 ounces
 Cash cost/oz: CAN$1,120 (US$906)
 AISC/oz: CAN$1,501 (US$1,214)
 Q1 CAN$1,643 (US$1,485)
 Q2 CAN$1,307 (US$1,063)
TSX - NYSE MKT: RIC © 2015 by Richmont Mines
ISLAND GOLD MINE
Solid Q2 and 6 Month 2015

www.richmont-mines.com 15 15TSX - NYSE MKT: RIC
Near-term opportunity: lower the mining cost by returning to historical
development ratio
UnitMiningCost
% of Development Ore of Total Ore Mined
Long-term planned ratio
0
50
100
150
200
250
0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0%
Long-term planned ratio
Q1 2015
Q2 2015
ISLAND GOLD MINE
Mining Unit Cost Opportunity

www.richmont-mines.com 16Copyright 2015 by Richmont Mines
 All of Island Gold Mine operating costs are in Canadian dollars
 2014 average exchange rate CAN $0.9054 = US $1.00
$97
$36
$36
$8
Mining Surface & administration
Milling Royalties
2014 Cash Cost/Tonne (CAN$)
Total 2014 cost/tonne = CAN$177
2014 Cash Cost/Tonne (CAN$, in %)
0%
5%
10%
15%
20%
25%
30%
35%
TSX - NYSE MKT: RIC
ISLAND GOLD MINE
Mine Cost/Tonne Breakdown – FY 2014

MINING AND MILLING STUDIES

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East
ISLAND GOLD MINE
Preliminary Economic Assessment
Based on the portion of the resources located
between 450L and 860L

Ontario Quebec
• Mining - Phase 1 PEA:
 Mining of indicated and inferred resources from 450L to 860L considered for the PEA;
 Resources above 450L, isolated resource block and parallel zones outside the main area of the study
were excluded;
 Over 2M tonnes of mineralized material considered part of Phase 1;
 Considers long-hole mining method over 3 mining horizons;
• Base Case scenario (800 tpd by ramp):
 Access to the deposit is planned through continued development of existing internal ramp;
 Average production of approximately 78,000oz Au per year from 2017 to 2022, at an average diluted
mined grade of 8.67 g/t Au;
 Estimated average cash costs of approximately $552/oz Au for the period 2017 – 2022;
 Sustaining capital costs of $40.5M for the period 2017 – 2022.
• Expanded Scenario Analysis:
 The PEA shows that once the mining activities reach the third mining horizon in the first half of 2017,
mining productivity could potentially be increased to 1,150tpd;
 To accommodate an expanded mining rate, numerous options were evaluated using a number of criteria;
 A dedicated production haulage ramp from 450L to mill facilities utilizing 45t trucks and dumping into
mill ore bins shown as superior alternative;
 Potential capital requirement for the dedicated ramp and related infrastructure estimated at $16.6M.
ISLAND GOLD MINE
Mining Studies

800 TPD ANALYSIS

• 18 potential options were identified during a brainstorming session.
These options can be grouped in 5 categories;
• Shafts
• Winzes
• Vertical Conveyor System
• Horizontal Conveyor Systems
• Ramps system with trucks.
• Following a preliminary CAPEX and OPEX estimation 5 options were
retained and evaluated in greater detail;
• Status Quo
• Full service, long shaft, timbered
• Winze, full service, timbered
• From 450L, 60’’ conveyor in a ramp reaching mill sector
• Double ramp from 450L to minimize traffic
TRADE OFF STUDY METHODOLOGY

Pugh Matrix Selection Criteria
Pugh Matrix Selection Criteria Criteria Weight
NPV 20%
Capital availability 5%
Potential for increase daily output 10%
Independance from on going activities 10%
Speed of execution of plan 10%
Maturity of selected technology 5%
Training for different duties 5%
Capacity to support phase II (850 to 1500m levels) 35%
100%

 Relative NPVs* were calculated for comparison.
* Only Capex and Opex were considered in the calculation

▪ At 800 tpd, with current mineral resources, status quo is the
most attractive option;
▪ Shaft options are not attractive due to high capital requirements
and modest gain in Opex since no ore pass system can be
justified at this point;
▪ Options involving a new ramp reaching the mill directly is
interesting due to a 2$/t credit gained by eliminating trucking
ore on surface. Can be quickly implemented;
▪ All options involving high capital investments are not attractive
since the total tonnage (2MT) is not sufficient to justify the
investment.
24
Results

 Based on December 31st, 2014 Mineral Reserves and Resources;
 Mineral reserves included in this PEA mine plan were re-categorized as
M&I resources;
 Excludes isolated R&R blocks to the west;
 Includes 2.09 MT of mineralized material between the 450L and 860L;
 Double ramp system from 740 to 860m levels to allow multiple
production stope mining and improve cycle times;
 Can support a productivity enhancement to 1,150 tpd starting in early
2017.
800 TPD MINE PLAN HIGHLIGHTS

Reserves & Resources (at Dec. 31/14) Below 400L
Proven & Probable: 431,500 t @6.76 g/t
Indicated 438,000 t @ 10.95 g/t Au
Inferred 3,178,000 t @ 9.00 g/t Au

20
Resources Considered in the mine plan
Measured and Indicated: 626,059 @ 9.94 Au g/t
Inferred: 1,245,199 @ 11.04 Au g/t
Including mine dilution
(18%) and recovery (95%)
2 090 000 t @ 8.5 Au g/t

• Wide (orange, +4m) and
narrow (blue, 3m) zones
were identified for
development sizing;
• Introduction of a double
ramp system from 720L;
• Focus on 3 main mining
horizons and 6 domains;
• 80% of the mineralized
material in the last 2
horizons (635L-860L);
• 50% of mineralized
material in the third
horizon (740L-860L).
720L
635L
860L

Status as of January 1st 2016
Mining started
on first horizon
in 2015 at 635L.

Status as of January 1st ,2017
Both ramps
completed to 860L;
Bottom sill
development is
completed;
Production drilling
has started for those
domains;
Mining on 740L has
started.

Status as of January 1st , 2018
Mining performed
on 3 different sill
horizons;
2 domains per
horizon available for
the lower sills;
6 domains available;
Potential to increase
production to 1,150
t/day from 2017.

Optimum mining
sequence

Optimum mining
sequence continued

Bottom sill horizon
almost completely
mined out

Status as of Mars 1st , 2023 (Mining completed)

PEA Mine Plan
2015 2016 2017 2018 2019 2020 2021 2022 Total
Stope tonnage (t)
59,401 188,609 211,030 269,134 288,748 306,821 298,277 267,328
1,889,348
Grade (g/t) 5.98 6.94 7.03 9.10 10.33 9.20 8.70 7.08 8.41
Development tonnage (t) 44,486 69,010 85,760 199,256
Grade (g/t) 9.59 11.34 8.70 9.81
Total tonnage mill (t) 103,888 257,619 296,790 269,134 288,748 306,821 298,277 267,328 2,088,604
Grade (g/t) 7.53 8.12 7.51 9.10 10.33 9.20 8.70 7.08 8.55
Tonnage Ratio
(developement/stope)
0.75 0.37 0.41
2015 2016 2017 Total
Development CAPEX
Horizontal development (m)
2,213 3,814 1,569 7,596
Vertical development (m)
152 304 228 684
Development OPEX
Horizontal development (m)
1,541 2,468 2,913 6,922
Vertical development (m)
701 871 1,571

PEA Mine Plan
Project summary 2017-2022
Tonnes Milled (t) 1,727,097
Head Grade (g/t) 8.67
Mine life excluding transition period (years) 6
Daily mine production (tpd) 801
Gold recovery (%) 96.5
Production (oz) 464,579
Average annual gold production (oz) 77,430
Total operating cost ($) 256,236,870
Average cash operating cost ($/t) 148
Average cash operating cost ($/oz) 552
Transition Period Project Capital 2015-2016 ($) 62,244,025
Sustaining Capital ($) 40,501,446

MAXIMUM CAPACITY

MAXIMUM CAPACITY
• Numerous production scenarios were run assisted with EPS®
planning software (a CAE Mining® tool);
• Integration of a double ramp system in lower part of the mine
allows for an increase in productivity output;
• A maximum capacity of 1,150tpd scenario was retained.

Simulation at 1,150 tpd mining rate
MAXIMUM CAPACITY

MATERIAL HANDLING OPTIONS

1,150 tpd mining plan
Estimation with
current mineral
resources
Option NPV-R - 1150 tpd
Full service, long shaft, timbered -$64 125 386
Winze, full service, timbered -$48 372 212
From 450 level, 60'' conv. -$36 817 372
Double ramp from 450m level -$34 135 124
• Relative NPVs* were calculated for comparison
* Only Capex and Opex were considered in the calculation

• Following the NPV-R analysis, the economics of
driving a new ramp but replacing the installation
of conveyor by used of 45 tons trucks was also
looked at and selected as best option.
• Lower total project capital option;
• Implementation time can be 12 months after start-up;
• Eliminates surface rehandling;
• Allowed greater flexibility for further growth beyond
1,150 t/day;
• Does not limit growth below 1,000L as internal shaft
could potentially be added;
• Further engineering required

45

1,150 TPD Study

MILLING STUDY

ISLAND GOLD 800 tpd flowsheet

ISLAND GOLD IMPROVEMENT PROJECTS
900 tpd
• Priority Modifications
• Rearrange the cyclone manifold (2 cyclones in op., 1 standby)
• Replace the thickener feed, CIP feed and tailings pumps
• Replace the process water pumps and add process water tank level control loop
• Install reclaim water pumps and distribution loop pressure control
• Recommended Modifications
• Replace the magnets of conveyors #1 and #4 with self cleaning ones
• Install a lime slaking system and lime distribution loop
• Add an anti-scale system and a back up flocculants pump
• Install a gold sludge filter and drying oven in the gold room
• Expand the gold room and improve its security system
• Install a fire protection system

ISLAND GOLD EXPANSION PROJECTS
900 tpd
•Cost Evaluation
Projects total
Self Cleaning Magnets 385 400 $
Cyclones Arrangement Modification 162 000 $
Slurry Pumps 255 200 $
Process Water Circuit Modifications 146 900 $
Reagents 712 000 $
Refinery Upgrade 655 600 $
Electrical Upgrade 980 000 $
Total 3 297 100 $

ISLAND GOLD EXPANSION PROJECTS
1,200 tpd
• Necessary Modifications
• Rearrange the crusher circuit including an additional cone crusher
• Replace the crusher circuit screen
• Increase the fine ore bin storage capacity
• Replace the thickener feed well and feed dilution system
• Replace slurry pumps
• Recommended Modifications
• Replace the regrind mill with a 10’ diameter mill
• Add a gravity circuit including a centrifugal bowl concentrator, a magnetic separator
and a shaking table
• Add circular screens in CIP tanks
TOTAL PRELIMINARY COST: 15.0 M$

PEA – QUALIFIED PERSONS
• The PEA was developed through the combined efforts of the
Corporation’s Internal Technical Team and independent consultants
from InnovExplo Inc. and Soutex Inc.
• Richmont: All work for the PEA was performed under the direct
supervision of Daniel Adam, P.Geo., Ph.D., Vice-President, Exploration
and Jean Bastien, P. Eng.,MBA, General Manager of the Island Gold
mine; both are employees of Richmont. Both are members of a
professional association and are qualified persons as defined in NI 43-
101. Both have reviewed and approved the technical contents of the
PEA.
• InnovExplo Inc.: The PEA was prepared under the supervision of
Sylvie Poirier, P.Eng., a senior engineer with InnovExplo Inc. Ms. Poirier
is a qualified and independent person as defined in NI 43-101. She has
reviewed and approved the technical contents of the PEA.
• Soutex Inc.: Information relating to the mill upgrade, expansion
designs and estimated costs was prepared under the supervision of
Mathieu Bélisle, P. Eng. Mr. Bélisle, a senior metallurgist with Soutex
Inc., and a qualified and independent person as defined in NI 43-101.
He has reviewed and approved the technical contents of the PEA.

GEOLOGY AND EXPLORATION PROGRAMS

Ego Deposit
Emily Bay
Showing
Argonaut 1,968 hc.
Dubreuilville
2 km
RICHMONT MINES PROPERTIES
OTHER
OWNERS
Portal Main
Ramp
ISLAND GOLD MINE
Cline
Edwards
Magino
TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines
RICHMONT MINES
216 Mining Titles
7,696 hectares
RICHMONT MINES INC.
Land Tenure

Lake Superior
Marathon
White River
17
25 km
Wawa
HEMLO
RENABIE
MISHI EDWARDS
ISLAND GOLD
MINE
Proterozoic Plutonic and Volcanic Rocks
Archean Granitoid Plutons
Archean Metasedimentary Terranes
Archean Greenstone Terranes
Fault
Gold Past Producer
Gold Producer
SUGAR ZONESCHREIBER
EAGLE RIVER
ISLAND GOLD MINE
Wawa Geological Sub-province

Mill
EDWARDS
Production : 0,5 MT @ 11.0 g/t Au
144 000 oz Au 1938,1997-2002
CLINE
63 000 oz Au 1938-40, 1947-48
1 km
Lochalsh
Gold Showing
KREMZAR
47 000 oz Au 1988-1990
ISLAND GOLD MINE (31/12/2014)
Proven & Probable Reserves : 895,000 T @ 6.39 g/t Au
183,750 oz Au
Measured & Indicated Resources: 733,500 T @ 9.29 g/t Au
219,050 oz Au
Inferred Resources: 3,547,500 T @ 8.79 g/t Au
1,002,750 oz Au
Goudreau
Closed Gold Mine
Producing Gold Mine
Richmont Properties
MAGINO
114 000 oz Au 1930-40, 1988-92
DEEP C ZONE
57
ISLAND GOLD MINE
Local Geology

Overburden
535 Level
620 Level
Island Main
mineralized zones
Inflection
Island Lower
mineralized zones
Actual ramp
and drifts
Crown pillar
-500m
-750m
-250m
50m
100m
ISLAND GOLD MINE
Schematic Section of Main Mineralized Zones

49,196
oz(1) Resources are exclusive of Reserves, and do not have demonstrated economic viability at this time. (2) Established on December 31/14, using a gold
price of US$1,200/oz and an exchange rate of CAN$1.0833=US$1.00. In 2013, a price of US$1,225/oz and an exchange rate of CAN$1.06=US$1.00 were
used. (3) Underground Resources established for the C Zone and six other lateral zones below a vertical depth of -400 metres.
Mineral resources were estimated by 3D block modeling with blocks of 5m x 5m x 2 m for the Upper part and blocks of 10m x 10m x 5m for the lower part
of the mine. Grade estimation was done by ordinary Kriging or ID2
59
MINERAL RESERVES +
RESOURCES
1
AS OF DEC. 31, 2014 AS OF DEC. 31, 2013
Tonnes
(metric)
Grade
(g/t Au)
Au ozs
contained
Tonnes
(metric)
Grade
(g/t Au)
Au ozs
contained
Island
Gold
Mine
P & P Reserves 2
(above -400 m) 463,000 6.04 90,000 644,500 6.01 124,450
P & P Reserves 2,3
(below -400 m) 431,500 6.76 93,750 88,500 6.70 19,050
Total P & P Reserves 2
895,000 6.39 183,750 733,000 6.09 143,500
M & I Resources (above -400 m) 295,500 6.83 64,850 283,500 7.07 64,450
Indicated Resources3
(below -400 m) 438,000 10.95 154,200 456,000 11.52 168,900
Total M & I Resources 733,500 9.29 219,050 739,500 9.81 233,350
Inferred Resources (above -400 m) 369,500 6.97 82,800 363,000 7.09 82,750
Inferred Resources 3
(below -400 m) 3,178,000 9.00 919,950 3,196,000 9.29 954,600
Total Inferred Resources 3,547,500 8.79 1,002,750 3,559,000 9.07 1,037,350
Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC
ISLAND GOLD MINE
Mineral Estimated Reserves & Resources

515L to 700L
N
E
Lochalsh Island Zone
Extension1
Extn 2
Goudreau Zone
ISLAND GOLD MINE
Isometric View

LEVEL
CHANNEL FACE SAMPLING
Length
(m)
Au (g/t)
Cut 47 g/t Au
True Thickness
(m)
515W 37 10.53 2.2
535W 83 9.82 2.5
560W 120 9.69 2.8
585W 95 6.96 3.1
610W 99 7.34 2.6
635W 167 12.52 2.5
655W 77 10.67 2.7
535E 34 12.05 2.4
560E 109 6.59 3.0
585E 152 8.73 3.8
610E 162 7.64 3.1
635E 142 8.65 2.9
655E 83 8.15 2.9
Note: as of September 30th, 2015
ISLAND GOLD MINE
Highlight Results of Face Sampling – C Zone

Island Gold Mine - 2015 Lower Development Reconciliation
Development (Reserve)
Reserves ( as of Dec 31st, 2014;
Dil. 30% @ 0.5gpt)
Mined (reconciled)
Variations (Mined vs
Reserves)
Diluted
Tonnes
Diluted
Grade
Diluted
Ounces
Reconciled
Tonnes
Reconciled
Grade
Reconciled
Ounces
Tonnes Grade Ounces
Lower Development Q1
17,229 5.5 3,024 13,831 6.1 2,714 80% 112% 90%
22,520 7.1 5,129 23,937 7.1 5,502 106% 101% 107%
31,009 5.6 5,572 26,613 6.1 5,192 86% 109% 93%
Lower Development 2015
70,758 6.0 13,726 64,381 6.5 13,408 91% 107% 98%
ISLAND GOLD MINE
2015 – Lower development reconciliation
Note: as of September 30th
, 2015

190 Level
Crown pillar
W E
- 1,000 m
- 500 m
GOUDREAULOCHALSH ISLAND EXT1 EXT2
TSX - NYSE MKT: RIC © 2015 by Richmont Mines
Definition drilling 14,500 m
2015 Planned Ramp and Drift Development
2015 Stoping
Mined out
63
2015 PLANNED DRILLING
Drilling will define & delineate between
-500 metres and -1,000 metres
Delineation drilling 44,500 m
ISLAND GOLD MINE
2015 Planned Development & Drilling Activities

2000 100
meters
4900m
Cut Grade
(95g/t Au)
Crown pillar
W E
- 1,000 m
- 500 m
LOCHALSH ISLAND EXT1 EXT2
ISLAND GOLD MINE
C Zone – Grade (g/tAu)

2000 100
meters
4900m
Crown pillar
W E
- 1,000 m
- 500 m
True width (metres)
ISLAND GOLD MINE
C Zone – True Width (metres)

2000 100
meters
4900m
Crown pillar
W E
- 1,000 m
- 500 m
Interpreted plunge of deposit axis
Cut off
(3.75 g/t Au / 2.0 m)
327
30
20
10
5
0
Metal Factor
Grade (g Au/t) x true width (metres)
Average mining grade
(5.84 g/t Au / 2.4 m)
11.25g/t Au / 6.56m
13.3g/t Au / 3.6m
19.8g/t Au / 3.93m
2.04g/t Au / 6.33m
5.06g/t Au / 2.47m
ISLAND GOLD MINE
C Zone – Metal Factor (grade x width)

190 Level
Crown pillar
W E
- 1,000 m
- 500 m
Definition drilling 14,500 m
2015 Planned Ramp and Drift Development
2015 Stoping
Mined out
2015 PLANNED DRILLING
Drilling will define & delineate between
-500 metres and – 860 metres
Delineation drilling 44,500 m
ISLAND GOLD MINE
2015 Planned Development & Drilling Activities

190 Level
Crown pillar
W E
- 1,000 m
- 500 m
Mined out
Reserves – Resources
31/12/2014
C Zone Intersections (Au cut 95 g/t)
Au g/t / true thickness (metres)
400-528-10
4.44 / 6.07
400-528-10
4.79 / 2.87
GD-14-01C
19.87 / 3.93
Previous holes
GDE-10-14
1.96 / 1.67
GDE-10-15
3.99 / 2.15
GDE-10-16
9.93 / 1.07
GDE-10-12
4.94 / 2.77
5,000 m drilling
from 450 level 5,000 m drilling
from 340 level
400-528-09
7.44 / 8.49
GDE-10-12
4.89 / 4.16
GDE-10-12
6.28 / 1.97
Assays pending
31,000 m drilling
from 620 level
400-514-52
13.30 / 3.60
ISLAND GOLD MINE
2015 Planned U/G Exploration Drilling (41,000m)

190 Level
Crown pillar
W E
- 1,000 m
- 500 m
Mined out
31/12/2014
400-528-10
4.44 / 6.07
400-528-10
4.79 / 2.87
GD-14-01C
19.87 / 3.93
Previous holes
GDE-10-14
1.96 / 1.67
GDE-10-15
3.99 / 2.15
GDE-10-16
9.93 / 1.07
GDE-10-12
4.94 / 2.77
400-528-09
7.44 / 8.49
GDE-10-12
4.89 / 4.16
GDE-10-12
6.28 / 1.97
Assays pending
8,500 metres of drilling
2,500 m from surface +
6,000 m from Level 190
7,000 m drilling
from surface
23,000 m
drilling
from surface
190-419-12
21.12 (17.33 cut) / 4.78 c.l.
LC-388-01
5.73 / 2.70 c.l.
400-514-52
13.30 / 3.60
ISLAND GOLD MINE
2015 Planned Surface Exploration Drilling

190 Level
Crown pillar
W EGOUDREAULOCHALSH ISLAND EXT1 EXT2
400-528-10
4.44 / 6.07
400-528-10
4.79 / 2.87
GD-14-01C
19.87 / 3.93
400-514-52
11.25 / 6.56
- 500 m
- 1,000 m
- 1,500 m
Gold Zone Intersections (Au cut 95 g/t)
Previous holes
Target
31/12/2014
Mined out
Deep directional exploration from surface
(23,000 metres)
400-514-52
13.30 / 3.60
ISLAND GOLD MINE
2015 – 2016 Deep Directional Drilling Program

190 Level
Crown pillar
W E
- 1,000 m
- 500 m
Mined out
31/12/2014
400-528-10
4.44 / 6.07
400-528-10
4.79 / 2.87
GD-14-01C
19.87 / 3.93
Underground exploration 41,000 m
Lateral extension exploration 15,000 m
2015 Exploration Drilling
Previous holes
GDE-10-14
1.96 / 1.67
GDE-10-15
3.99 / 2.15
GDE-10-16
9.93 / 1.07
GDE-10-12
4.94 / 2.77
5,000 m drilling
from 450 level
5,000 m drilling
from 340 level
GDE-10-12
4.89 / 4.16
GDE-10-12
6.28 / 1.97
Assays pending
31,000 m drilling
from 620 level
7,000 m drilling
from surface
23,000 m
drilling
from surface
Surface deep directional exploration 23,000 m
8,500 metres of drilling
2,500 m from surface +
6,000 m from Level 190
190-419-12
21.12 (17.33 cut) / 4.78 c.l.
LC-388-01
5.73 / 2.70 c.l.
ISLAND GOLD MINE
2015 Planned Exploration Drilling
PEA Resources Area

Mill
Maskinonge
lake
MAGINO MINE
(1988-1992 & 1933-1939)
114,000 oz Au
0.8 MT @ 4.4 g/t Au
MAGINO OPEN PIT (Resources)
158 MT @ 1.03 g/t Au
5.2 million oz Au
CLINE MINE (1938-1942)
63,000 oz Au
0.3 MT @ 6.5 g/t Au
EDWARDS MINE
(1996-2002 & 1936-1937)
144, 000 oz Au
0.5 MT @ 11.0 g/t Au
KREMZAR MINE (1988-1990)
47,000 oz Au
0.6 MT @ 4.8 g/t Au
ISLAND GOLD MINE (31/12/2014)
Proven & Probable Reserves : 895,000 T @ 6.39 g/t Au; 183,750 oz Au
Measured & Indicated Resources: 733,500 T @ 9.29 g/t Au; 219,050 oz Au
East Extension
West Extension
- 1,000 m
- 500 m
- 1,500 m
MAGINO ISLAND GOLD EDWARDS CLINE
Richmont
Richmont
Argonaut
StrikeMinerals
Drilling target
2015 Surface Exploration Program (7,500 m)
1 km
GDE-10-15
3.99 / 2.9
GDE-10-16
9.93 / 1.8
GD-11-06
10.90 / 1.2
Gold Zone Intersections (Au uncut g/t)
Au g/t / core length (metres)
LC-388-01
5.73 / 2.7
ClineMiningCorp.
East
Extension
West
Extension
ISLAND GOLD MINE
Planned Regional Surface Exploration Drilling

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