Richmont Mines Appoints Mr. Robert J. Chausse as CFO

Rob brings with him an extensive background of more than 20 years of international finance and mining experience. Most recently Rob was Chief Financial Officer of Stornoway Diamonds, prior to which he was Executive Vice President & Chief Financial Officer of AuRico Gold from 2013 to 2015. His past experience also includes Vice President of Finance, Operations and Projects for Kinross Gold, a position he held from 2009 to 2013. He also served as Chief Financial Officer for Baffinland Iron Mines Corporation from 2006 to 2009 and held increasingly senior positions with Barrick Gold from 1998 to 2006. Rob received his Chartered Accountant designation in 1990.

"We are very pleased to have Rob join the Richmont team at such a pivotal time in the Corporation's history. Rob's collaborative leadership style, combined with the depth of his experience will be an asset for the company and our shareholders. His appointment significantly strengthens the senior management team and advances our strategic plan of positioning Richmont as a best-in-class gold producer." stated Renaud Adams, CEO. "As an accomplished executive, Rob brings a solid background in the mining industry and a disciplined approach to value creation throughout the organization."

About Richmont Mines Inc.
Richmont Mines currently produces gold from the Island Gold Mine in Ontario, and the Beaufor Mine in Quebec. The Corporation is also advancing development of the significant high-grade resource extension at depth of the Island Gold Mine in Ontario. With 35 years of experience in gold production, exploration and development, and prudent financial management, the Corporation is well-positioned to cost-effectively build its Canadian reserve base and to successfully enter its next phase of growth.

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