Richmont Mines Inc.

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September 25, 2017 at 3:50 PM (MDT)|Broadmoor Hotel & Resort

Renaud Adams

President & CEO

Mr. Adams has 25 years of experience in the mining industry. He was the President and Chief Executive Officer of Richmont Mines Inc. from 2014 until the sale of the company to Alamos Gold in November 2017. During Mr. Adams’ time at Richmont Mines, production at the company’s principal mine more than doubled, mineral reserves more than tripled, and costs were reduced to make the Island Gold Mine in Ontario one of the lowest cost operating underground mines in the Americas. From 2011 to 2014, Mr. Adams was the Chief Operating Officer at Primero Mining Corporation, and prior to that he was with IAMGOLD Corporation from 2007 to 2011 as the General Manager of the Rosebel mine in Suriname and then the Senior Vice President, Americas Operations. Prior to IAMGOLD, Mr. Adams held various senior operations positions at mining operations located in the Americas. Mr. Adams is also a director of GT Gold Corp. Mr. Adams holds a Bachelor of Engineering degree in Mining and Mineral Processing from Laval University in Quebec, Canada.

SAFE HARBOR STATEMENT

This information contains forward-looking statements that include risks and uncertainties. When used in this presentation, the words “estimate”, “projects”, “anticipate”, “expects”, “intend”, “believe”, “hope”, “may”, and similar expressions, as well as “will”, “shall”, and other indications of future tense, are intended to identify forward-looking statements. The forward-looking statements are based on current expectations and apply only as of the date on which they were made. Except as required by law or regulation, Richmont Mines Inc. (“Richmont” or the “Corporation”) undertakes no obligation and disclaims any responsibility to publicly update or revise any forward-looking statements of information, whether as a result of new information, future events or otherwise. The factors that could cause actual results to differ materially from those indicated in such forward-looking statements include the ability to ramp up productivity to 1,100 tonnes per day in a timely manner, the ability to achieve the enhanced production levels expected, the ability to realize further expansion scenarios, any increases in capital and development or infrastructure costs, 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’s Annual Information Form and other public disclosure.

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

The resource estimates in this presentation were prepared in accordance with National Instrument 43-101 Standards of Disclosure of Mineral Projects (“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.

For additional information regarding the Mineral Reserves and Resources referred to in this presentation, please refer to the press release dated Jan. 31, 2017 reporting Richmont’s Mineral Reserve and Resource estimates as of Dec. 31. 2016.

An NI 43-101 Technical Report for the Island Gold Mine Expansion Case Preliminary Economic Assessment (“PEA”) is available on www.sedar.com.

U.S. Investors are urged to consider the disclosure in our annual report on Form 40-F. File No. 001-14598, which may be obtained from us or from the SEC’s web site: http://sec.gov/edgar.shtml.

NOTICE

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The Denver Gold Group does not represent or endorse the accuracy or reliability of any third party advice, opinion, statement, information or materials received during the Gold Forum.

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