
Safe harbor statement & cautionary note to U.S. investors concerning mineral resource estimates

This presentation contains forward-looking statements that include risks and uncertainties. The factors thatcould cause actual results to differ materially from those indicated in such forward-looking statementsinclude changes in the prevailing price of gold, the Canadian-U.S. exchange rate, grade of ore mined andunforeseen difficulties in mining operations that could affect revenue and production costs. Other factorssuch as uncertainties regarding government regulations could also affect the results. Other risks may bedetailed from time to time in Richmont Mines Inc.’s periodic reports and annual notice.

The mineral resource estimates in this presentation were prepared in accordance with Regulation 43-101adopted by the Canadian Securities Administrators. The requirements of Regulation 43-101 differsignificantly from the requirements of the United States Securities and Exchange Commission (the “SEC”). Inthis presentation, we use the terms “Measured”, “Indicated” and “Inferred” Resources. Although these termsare recognized and required in Canada, the SEC does not recognize them. The SEC permits U.S. miningcompanies, 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 determinationhas been made that the mineralization could be economically and legally extracted at the time thedetermination is made. United States investors should not assume that all or any portion of a Measured orIndicated Resource will ever be converted into “Reserves”. Further, “Inferred Resources” have a greatamount of uncertainty as to their existence and whether they can be mined economically or legally, andUnited States investors should not assume that “Inferred Resources” exist or can be legally or economicallymined, or that they will ever be upgraded to a higher 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.

TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines


Island Gold MineSeptember 30 Site Visit - Agenda

TSX - NYSE MKT: RIC 3Copyright 2015 by Richmont Mines

1. Welcome & Safety Induction

2. Mill & Surface tour

3. Lunch & Presentation,Q&A

A. Introduction Work force, Health & SafetySustainabilityJean Bastien, General Manager

B. GeologyDoug Mac Millan, Senior GeologistRaynald Vincent, Chief Geologist

C. OperationsDevelopment PlansMining StudiesJean Bastien, General Manager

4. Underground visit

5. Core Display Core Shack

6. Presentation 2015 Planned Exploration Drilling ProgramsRaynald Vincent, Chief Geologist

7. Departure


Copyright 2015 by Richmont Mines

TSX - NYSE MKT: RIC4

Safety induction

At all times:

No horseplay is tolerated

Each refuge station has a first aid kit.

Tell your tour guide of any injury

immediately.

Have a safe and

pleasant visit

In case of emergency, stay calm, follow instructions from your tour guide and regroup in the gathering area beside the parking lot. Each area is equipped with a fire extinguisher

When your outside of the building, PPE should be worn at all times1. Hard hat2. Safety glasses3. Reflecting vest4. Safety boots

Stay with your guide at all times. If for any reason you lose contact STAY WHERE YOU ARE and your tour guide will find you.

In case of emergency, stay calm and follow your tour guide’s instructions.

No horseplay is tolerated at any time.

Island Gold MineSafety Induction – Main Buildings & Surface


Island Gold MineSafety Induction - Underground


Underground and surface safety requirements:

1. Tag in prior to going underground2. Do not exit from vehicles in motion3. Use 3 points of contact rule when entering/exiting

a vehicle4. Stay with the group at all times5. Follow the instructions of your guide in an

emergency situation6. Watch for uneven ground and report any unsafe

conditions7. Tag out when leaving underground

Medical clinic and help available at all times.


IntroductionPresented by:

Jean BastienGeneral Manager


Island Gold MineMineralized zones

TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines 7

RICHMONT MINES203 Mining Titles

7,168 hectares

Emily Bay

ShowingArgonaut

1,968 he

Dubreuilville

2 km

Island Gold MineManagement Team

Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC

Jean Bastien, P. Eng., MBA Sylvain DroletGENERAL MANAGER HEALTH AND SAFETY SUPERINTENDENT

Jacques Proulx, Tech. Michael Pahkala, P. Eng.ASSISTANT GENERAL MANAGER TECHNICAL SERVICES SUPERINTENDENT

Marc Leclair Donald LachapelleUNDERGROUND SUPERINTENDENT MAINTENANCE SUPERINTENDENT

Peter Massi Daniel Vachon, P. Eng.MILL SUPERINTENDENT PROJECTS & PLANNING SUPERINTENDENT

Sylvie Belisle, CHRL Jay Henry, CHRLH.R. SUPERINTENDENT H.R. SUPERINTENDENT

Maxime Morin Ghislain CyrENVIRONMENT SUPERINTENDENT LOGISTIC & PURCHASING SUPERINTENDENT

Raynald Vincent, P. Eng., M.G.P. Justin Roy, CHIEF GEOLOGIST CHIEF ENGINEERING

7


TSX - NYSE MKT: RIC 8

Island Gold MineLocation Map



Crown pillar

W E

- 1,000 m

- 500 m

GOUDREAULOCHALSH ISLAND EXT1 EXT2

2015 Planned Ramp and Drift Development

Conceptual Development

2015 Planned Ore Development

9TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines

Island Gold MineExtending Mine Life at Depth....

2015 Stoping

Mined out

Reserves – Resources 31/12/14

Actual Ramp and Drifts

190 Level


Island Gold MineSolid Q2 and 6 Month 2015

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

Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC1111TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines

Island Gold Mine2015 – Beginning a transformational year

SHAREHOLDER SCORECARD:

1. Ramp development: complete planned accelerated development of ramps, and related electrical, water management work

2. 620 metre level drift: complete definition/delineation drilling to upgrade to M&I and then to Reserves

3. Mining & milling studies: complete studies and internal review by year-end 2015 to determine long-term growth scenario.

4. Fixed assets & equipment: make targeted and strategic investments to position the mine for game-changing growth.

Main ramp at -700 m East ramp at -480 m

Drift extended to 478 m 24,803 m of drilling (def. & del.)

Studies initiated Preliminary results: H2 2015

Power to u/g increased by 700 hpMore upgrades in Q3 & Q4

YTD 2015 PROGRESS

OBJECTIVE

Main ramp to -750 metres, East ramp to -570 metres

Extend drift to 600 metres; complete 59,000 m of drilling

Evaluating base case and alternative mine/mill options

Repositioning & asset upgrade investments


WorkforceHealth & Safety

Presented by:



Island Gold MineWorkforce Statistics (as of July 31st , 2015)


74%

26%

% Local % Non-Local

Total mine site workforce of 384:

241 employees 137 contractors

Workforce – local vs. non-local breakdown: Successfully increasing local workforce Low turnover rate

53%47%

% Local % Non-Local

2008 2014



Island Gold MineHealth & Safety

• 4.5 years without a lost time accident

• Mine rescue competition:

Mine District Champion in 2014

First Aid Champion 3 years in a row (2013-2015)


Island Gold MineHealth & Safety

SAFETY PERFORMANCE

Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC 15

To be modified

Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015

frequency 12 month 8.7 9.7 5.7 6 5.5 3.5

lost time accident 0 0 0 0 0 0

0

2

4

6

8

10

12

Freq

uen

cy


SustainabilityPresented by:



• No major non-compliance registered in 2014

• Working on lifting tailing storage facilities by approximately 6 meters,

which would provide an additional minimum 8 years of storage at

current mill capacity of 800 tpd.

• Obtain continuous discharge permit.


Island Gold MineEnvironment



Island Gold MineCommunity

First Nations relationships:

• Michipicoten

• Missanabie Cree

Local community of Dubreuilville:

• 17 km away from mine site

• Total population of 900

• Actual Bunkhouse: 80 rooms + kitchen facility

• Plan to add 98 rooms in 2015


GeologyPresented by:

Doug Mac MillanSenior Geologist

Raynald VincentChief Geologist


Lake Superior

Marathon

White River

17

25 km

Island Gold MineWawa Geological Sub-province

Wawa

HEMLO

RENABIE

MISHI EDWARDS

ISLAND GOLD MINE

Proterozoic Plutonic and Volcanic RocksArchean Granitoid PlutonsArchean Metasedimentary TerranesArchean Greenstone TerranesFaultGold Past Producer

Gold Producer


SUGAR ZONESCHREIBER

EAGLE RIVER


Wawa

Lake Superior

17

10 km

Dubreuilville

519

RENABIE

MISHI

EAGLE RIVER

EDWARDS

ISLAND GOLD MINE

Archean Granitoid PlutonsArchean Greenstone TerranesFaultGold ShowingGold Past ProducerGold Producer

MINE

Island GoldMaginoKremzarEdwardsClineRenabieWawa AreaEagle River

1,675,000803,000306,000390,000300,000

5,584,000478,000

3,300,000

5.64.44.8

11.26.57.27.89.3

307,000114,000

47,000140,000

63,0001,100,000

119,000962,000

MINE TONNAGE AU g/t OUNCES

MAGINO

21

Past Production 2,800,000 ozs Au


Island Gold MineWawa Gold Camp


Mill

EDWARDSProduction : 0,5 MT @ 11.0 g/t Au144 000 oz Au 1938,1997-2002

CLINEProduction : 0,3 MT @ 6.5 g/t Au63 000 oz Au 1938-40, 1947-48

1 km

Lochalsh

Gold Showing

KREMZARProduction : 0,6 MT @ 4.8 g/t Au47 000 oz Au 1988-1990

ISLAND GOLD MINE (31/12/2014) Proven & Probable Reserves : 895,000 T @ 6.39 g/t Au183,750 oz Au Measured & Indicated Resources: 733,500 T @ 9.29 g/t Au219,050 oz AuInferred Resources: 3,547,500 T @ 8.79 g/t Au1,002,750 oz Au

Goudreau

Closed Gold Mine

Producing Gold Mine

Richmont Properties

MAGINOProduction : 0,8 MT @ 4.4 g/t Au114 000 oz Au 1930-40, 1988-92

DEEP C ZONE

Island Gold MineHoldings in Area

22


Ego Deposit

Emily Bay

Showing

Argonaut 1,968 hc.

Dubreuilville

2 km

RICHMONT MINES PROPERTIES

OTHER

OWNERS

Portal Main

Ramp

ISLAND GOLD MINE

ClineEdwards

Magino

Richmont Mines Inc.Land Tenure


RICHMONT MINES

216 Mining Titles

7,696 hectares


Island Gold MineGoudreau Lake Deformation Zone


5 km

N


Island Gold MineShowings and Deposits




Island Gold Mine2014 Mineral Reserves and Resources

ISLAND GOLD MINE (31/12/2014)

TOTAL RESERVES AND RESOURCES

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

-500m

Crown pillar

W E

-1000m

250m

Proven Reserves

Probable Reserves

Indicated Resources

C Zone Indicated &

Inferred Resources


Mined Out

Au g/t / true thickness (metres)


Island Gold MineIsometric View


515L to 700L

NE

Lochalsh Island ZoneExtension1

Extn 2Goudreau Zone


Island Gold MineIsometric View


N

620 Exploration drift

E

Goudreau Extn 2 Extension 1 Island ZoneLochalsh


2000 100

meters

4900m

Island Gold MineC Zone - Metal factor (grade x width)

Crown pillar

W E

- 1,000 m

- 500 m

LOCHALSH ISLAND EXT1 EXT2

Interpreted plunge of deposit axis

29

Cut off (3.75 g/t Au / 2.0 m)

327

30

20

10

5

0

Metal FactorGrade (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


2000 100

meters

4900m

Island Gold MineC Zone – Grade (g/t Au)


Cut Grade(95g/t Au)

Crown pillar

W E

- 1,000 m

- 500 m



Island Gold MineC Zone – True width (metres)


2000 100

meters

4900m

Crown pillar

W E

- 1,000 m

- 500 m


True width (metres)


Island Gold MineSchematic Section of Main Mineralized Zones


Overburden

535 Level

620 Level

Island Mainmineralized zones

Inflection

Island Lowermineralized zones

Actual rampand drifts

Crown pillar

-500m

-750m

-250m

50m

100m



Island Gold MineSection 14940E

S N

-500m

-900m

100 m

510 Level

535 Level

Zone

Island Gold Lower Resources

Section 14940E

560 Level

585 Level

Composite Longitudinal Section

620 Explo. Level

635 Level


Planned Dev.


Island Gold MinePlan View – 675 Level

Composite Longitudinal Section

Level 675

675 Level Plan

Zone

W E

10

0 m

620 Exploration Level

ISLAND EXT 1 EXT 2

Island Gold Lower Resources


Island Gold MineTypical Section – Looking West

Crown pillar

-500m

-750m

-250m

Crown pillar

-1,000m


Mafic dykes

14960ESection

14740ESection

Mafic dykes




Island Gold Mine



Island Gold MineShear and Extensional Veining




Island Gold MineGoudreau Zone Gold Vein


Island Gold MineIsland 560 Sill


ISLAND 560C

Approx. 13 cm



Island Gold MineComposite Longitudinal Section, Lower Zones

400-514-1830.0 g/t Au / 9.55 m

ISLAND GOLD MINE (31/12/2014)TOTAL RESERVES AND RESOURCES

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 AuInferred Resources: 3,547,500 T @ 8.79 g/t Au m 1,002,750 oz Au

400-528-104.79 / 2.87

400-528-097.44 / 8.49

400-528-104.44 / 6.07

GD-14-022.43/1.5

GD-14-01C19.87 g/t Au / 3.93 m



DH 400-514-18: 30.06G/9.55M; @ -950M ELEV.

Smokey quartz vein 4.5 metres wide, weak development of accompanying

stringers, vertical zonation of veining style from sheeted veinlets +/- decimeter

scale veins in upper levels to up to 2.0 metres veins at depth.

Island Gold MineDisplay Core C Zone

41

Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC4242TSX - NYSE MKT: RIC Copyright 2015 by Richmont Mines

Still open at depth... GD14-01C : 19.9 g/t Au over a true width of 3.9 m

1,200 metres below



DH 425-487-12: NICE DEEP C VEIN - SMOKEY COLOR + VG, NQ SIZE.


43




DH 425-487-18 : 1 CM AU STRINGER AT 9,240 G/T AU

SAMPLE LENGTH OF 30 CM.



Island Gold MineDescription of Gold Particles



Island Gold MinePrevious QA/QC Pulp Metallic Method Review

2004 RPA Technical Report on the Island GoldDeposit concludes that gold in the Island Deposit isfine grained enough to respond well to normal fireassay procedures.

2015: RPA completed a full review of estimatedMineral Resources as at December 31, 2014.


Copyright 2015by Richmont Mines 47TSX - NYSE MKT: RIC

Island Gold MineQuality Assurance / Quality Control

Standard Reference Material inserted at rate of 1:25in core sample stream for exploration and 1:50 forproduction

Standard Reference Material inserted into everyoutgoing chip sample batch (10-25 samples/batch)

Coarse field blanks inserted after all visible gold coresamples

Pulp and Reject laboratory cross checking routine

Duplicate chip sampling on faces and core ongoing

Core shack on gated mine site with limited access


Island Gold MineLab Expert vs. Actlabs pulp cross checks


y = 0.9796x + 0.1558R² = 0.9941

0

10

20

30

40

50

60

70

80

0 10 20 30 40 50 60 70

Act

Lab

s C

ross

Ch

eck

Au

g/t

Lab Expert Original Au g/t



Island Gold MineC Ore Zone - Deep Level vs. Upper Level


Higher grades in Island Deep averaging over 8.79 g/t in the currentinferred resource vs. the 5.92 g/t average mined between 2007-2014 inupper mine or a 35% grade increase.

Veining more robust with increasing depth - a change from cm todecimeter stringers and veins progressing into decimeter and metre scaleveins with increasing depth.

Average zone width of deep resource 4.5 metres width vs. upper zonesaveraging 2.7 metres or ~40% width increase (Press release 02/05/13).

Vg hit ratio is typically 50% or better at depth, compared to 30% in theupper levels as calculated in the first Deep C resource estimate.

Structural-alteration corridor enveloping all zones appears to bewidening at depth from about 50 meters to 100 meters.


Island Gold MineMineral Reserves and Resources


Goudreau 215 G2

Goudreau

Island 560 C

Approx. 13 cm

Upper Island D


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

51

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


Island Gold MineMineral Estimated Reserves & Resources

TSX - NYSE MKT: RIC


Copyright 2015 by Richmont Mines 52TSX - NYSE MKT: RIC

Island Gold MineResource Drilling Parameters

Measured Resources:

DDH Spacing: 20 metres and less

within 8 metres of an U/G opening (raise, sill, stope)

Indicated Resources:

DDH Spacing: 20-25 metres

no U/G openings, good continuity of mineralization

Inferred Resources:DDH Spacing: more than 25 metres, wider spacing

Limit of resources block defined on longitudinal section with amaximum of 30 metres from a DDH


190 Level

Crown pillar

W E

- 1,000 m

- 500 m




2015 Planned Ore Development 2015 Mining Area

Mined out

Resources 31/12/2014 Actual Ramp and Drifts

Extend ramp systems

Exploration/definition drift on the -620 m level

Reserves 31/12/2014

Dyke

Dyke

Drill hole intersections+


Island Gold MineHighlights Results of Face Sampling – C Zone


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

Results of development (up to September 28, 2015)


Island Gold Mine2015 Planned Development & Drilling Activities

190 Level

Crown pillar

W E

- 1,000 m

- 500 m



Definition drilling 14,500 m




2015 Stoping

Mined out



55

2015 PLANNED DRILLING

Drilling will define & delineate between -500 metres and – 860 metres

Delineation drilling 44,500 m

2015 OBJECTIVES

1. Extend main access ramp to -750 m2. Extend East Ramp to -570 m3. Extend 620 level drift to ~600 m length


OperationsPresented by:




Island Gold MineMining Methods

Production Drilling

1.5mx1.5m spacing

Φ2½”

Slot Raise 1.8mx1.8m

Mining is done using long-hole stoping

100% long-hole stoping anticipated for below 400 metres


Island Gold MineMine Sequencing

Pull void is used to create void for the next blast Cables are used in the walls between rings for ground support

Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC


Island Gold MineMill Details


0.8 km from the ramp portal

CIP gold milling process

CRUSHING GRINDING LEACHING CIP CIRCUIT STRIPPING ELECTROWINNING & REFINING

All incurred costs are in Canadian dollars

Current capacity of 850 tpd, average capacity around 800 tpd

Permitted capacity of 900 tpd

2014 scoping study determined that the mill can be expanded to

1,200 tpd, at a cost of $20 million

Jaw crusher and cone crusher replaced in 2014

Screening capacity will be increased in 2015



Island Gold MineMill Flowsheet – 1 of 2



Island Gold MineMill Flowsheet – 2 of 2

Copyright 2015 by Richmont MinesTSX - NYSE MKT: RIC6363Copyright 2015 by Richmont Mines

Island Gold MineMine Cost/Tonne Breakdown – FY 2014

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 MineMining Unit Cost Opportunity

TSX - NYSE MKT: RIC

Near-term opportunity: lower the mining cost by returning to historical development ratio

Un

it M

inin

g C

ost

% of Development Ore of Total Ore Mined

Long-term planned ratio

© 2015 by Richmont Mines

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


2015 Development

Plans Presented by:




Island Gold MineWell Positioned for Growth


RICHMONT’S OBJECTIVE

To transform Island Gold Mine into alonger life, higher production and lowercost operation, with the ability todeliver years of high-quality growthand increased net free cash flowstreams.


ISLAND GOLD MINEOCTOBER SHUTDOWN…. (MILL)

• Service the NGR (Neutral Ground Resistor) at the portal and mill substation

• The main mill transformer will be replaced

• Increase screening capacity in the crushing plant

• Gear (Pinion and Bull gear) - Non Destructive Testing

• Replace pinion on re-grind mill

• Installation and commissioning of new Dust Collector


ISLAND GOLD MINEOCTOBER SHUTDOWN…. (UNDERGROUND)

• Service main fan on original vent raise

• Replace main portal transformer

• Replace substations at 125, 190 G1, and 390.

• Remove obsolete ducting and cables

• Leaky feeder installation



Island Gold MineOctober Shutdown (Underground)

• Drill and blast bumps and corners in the main ramp

• Drill and install rabbit ears on pipe

• Repair and install new sprinkler system

• Install 8 inch discharge pipe from 125 to portal


Mining Studies


Island Gold MineMilling and Mining Studies

SVP vérifier,

clarifier ou

ajouter de l’info

Island Gold Mine - Studies


East

Update on mining studies will consist of:

- Optimization of Base Case scenario (800 tpd) with respective 2017-2022production & costs estimates

- Expanded scenario based on increased capacity with a third mininghorizon open in 2017



Ontario Quebec

Island Gold MineMining Studies

Mining - Phase 1 Analysis:

Mining of reserves, indicated and inferred resources from level -450 to level -860considered for the studies

Over 2M tonnes of ore considered part of Phase 1, excluding isolated inferredresource blocks.

3 mining horizons created: (from 635 up, between 635 and 740 and between 740 and 860)

Long-hole mining method considered for Phase 1

Optimization of Base Case scenario (800 tpd by ramp):

Mining by ramp down to level -860

Optimization of mine plan (mining & development sequence)

5 year forecast (2017-2022) for production, opex and capex

Base case extended scenario to 900 tpd (average permitted level)

Expanded Scenario Analysis:

Analysis of the new mining capacity reached once third mining horizon (abovelevel -860) is open in 2017.

Optimization of mine plan and respective 5 year forecast (2017-2022)

Two scenarios contemplated:

(1) Full shaft and (2) New haulage ramp direct to mill from level -450

Expanded scenario to be brought to PEA level H1 2016


TSX – NYSE MKT: RIC ww

w.r

ich

mo

nt-

min

es.

com

Island Gold Mine2015 Planned Exploration Drilling programs


Island Gold Mine2015 Planned Development & Drilling Activities

190 Level

Crown pillar

W E

- 1,000 m

- 500 m



Definition drilling 14,500 m




2015 Stoping

Mined out



74

2015 PLANNED DRILLING

Drilling will define & delineate between -500 metres and – 860 metres

Delineation drilling 44,500 m

2015 OBJECTIVES

1. Extend main access ramp to -750 m2. Extend East Ramp to -570 m3. Extend 620 level drift to ~600 m length


Island Gold Mine2015 Planned U/G Exploration Drilling (41,000 m)

190 Level

Crown pillar

W E

- 1,000 m

- 500 m



Mined out



C Zone Intersections (Au cut 95 g/t)


400-528-10

4.44 / 6.07

400-528-10

4.79 / 2.87

GD-14-01C

19.87 / 3.93Previous 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 Mine2015 Planned Surface Exploration Drilling

190 Level

Crown pillar

W E

- 1,000 m

- 500 m



Mined out





400-528-10

4.44 / 6.07

400-528-10

4.79 / 2.87

GD-14-01C

19.87 / 3.93Previous 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 drilling2,500 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


2000 100

meters

4900m

Island Gold MineC Zone - Metal factor (grade x width)

Crown pillar

W E

- 1,000 m

- 500 m


Interpreted plunge of deposit axis

77

Cut off (3.75 g/t Au / 2.0 m)

327

30

20

10

5

0

Metal FactorGrade (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

Copyright 2014 by Richmont Mines Inc. TSX – NYSE MKT : RIC www.richmont-mines.com

Island Gold Mine2015 -2016 Deep Directional Drilling Program

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


Mined out

Deep directional exploration from surface (23,000 metres)

400-514-52

13.30 / 3.60


Island Gold Mine2015 Planned Exploration Drilling

190 Level

Crown pillar

W E

- 1,000 m

- 500 m



Mined out





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 DrillingPrevious 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

7,000 m drilling

from surface

23,000 m

drilling

from surfaceSurface deep directional exploration 23,000 m

8,500 metres of drilling2,500 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.

Copyright 2014 by Richmont Mines Inc. TSX – NYSE MKT : RIC www.richmont-mines.com

Island Gold MinePlanned Regional Surface Exploration Drilling


Mill

Maskinongelake

MAGINO MINE(1988-1992 & 1933-1939)114,000 oz Au0.8 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 Au0.3 MT @ 6.5 g/t Au

EDWARDS MINE(1996-2002 & 1936-1937)144, 000 oz Au0.5 MT @ 11.0 g/t Au

KREMZAR MINE (1988-1990)47,000 oz Au0.6 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

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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

Clin

e M

inin

g C

orp

.

EastExtension

WestExtension

Copyright 2014 by Richmont Mines Inc. TSX – NYSE MKT : RIC www.richmont-mines.comTSX – NYSE MKT: RIC w

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Island Gold Mine Site Visit Presentation

Investor Relations

Transcript of Island Gold Mine Site Visit Presentation