Richmont Mines Inc. TSX and NYSE Amex: RIC Q 3 2 0 0 9 F a c t S h e e t

QQ 33 22 00 00 99 HH II GG HH LL II GG HH TT SS

Revenue: $19.1 million. The 16% annual increase was due to a slightly higher number of ounces of gold sold, a higher average selling price, and an increase in custom milling revenues. Average sales price per ounce of gold: CAD$1,052 (US$899). This represented a 15% year-over-year increase. Gold sales: 16,840 ounces. This was a slight 0.7% increase over the 16,723 ounces sold in Q3/2008, and a 27% increase over the 13,250 ounces sold in Q2/2009. Average cash cost per ounce of gold: US$667 (CAD$780). This was an improvement over the Q2/2009 cash cost of US$768 (CAD$899), but was above the Q3/2008 cash cost of US$577 (CAD$615), due to lower recovered grades realized at the Island Gold and Beaufor mines in the current quarter. Operating costs, including royalties: $13.1 million. This represented a 28% year-over-year increase, and reflected higher tonnage at the Island Gold and Beaufor mines. Exploration and project evaluation costs: $2.5 million. This was down from $3.4 million in Q3/2008, reflecting last year’s incurrence of $1.8 million of exploration costs at the Golden Wonder Project in Colorado. Net earnings: $0.2 million, or $0.01/share. This was a notable improvement over the Q3/2008 net loss of $0.9 million, or ($0.04)/share, and the Q2/2009 net loss of $1.4 million, or ($0.05)/share. The favourable shift was driven by a higher realized average sales price per ounce, and lower year-over-year exploration and project evaluation costs, the benefits of which more than mitigated a lower grade of ore processed. NI 43-101 compliant technical report filed for the Francoeur property. Current estimated probable reserves for this 100%-owned Quebec property are 615,664 tonnes grading 6.91 g/t Au. Total production estimated to be 136,000 gold ounces over an initial 4 year period. The NI 43-101 compliant technical report is available on SEDAR. 5,000 metre drilling program announced for Cripple Creek.

This 100%-owned property is located west of the Timmins Gold Camp in Ontario. Drilling efforts are planned for Q1/2010. Please see September 23, 2009 press release for full details.

II nn cc oo mm ee SS tt aa tt ee mm ee nn tt (CAD$ thousands, except per share data)

(For periods ended September 30) Q3 2009 Q3 2008

Revenue 19,145 16,495

Operating expense1 14,015 10,902

Exploration & project evaluation expense 2,510 3,415

Depreciation and depletion expense 1,794 1,507

Other expenses 710 814

Earnings (loss) before other items 116 (143)

Mining and income taxes (85) 549

Minority interest 18 202

Net earnings (loss) 183 (894)

Weighted ave. shares outstanding (thousands) 26,112 23,924

Net earnings (loss) per share 0.01 (0.04)

(1) Includes royalties and custom milling costs

KK ee yy QQ uu aa rr tt ee rr ll yy MM ee tt rr ii cc ss

Q3 2009 Q3 2008

Cash cost per ounce of gold sold:1

US$ 667 577

CAD$ 780 615

Ounces of gold sold 16,840 16,723

Average selling price per ounce of gold:

US$ 899 861

CAD$ 1,052 918

(1) Includes royalties

QQ uu aa rr tt ee rr ll yy PP rr oo dd uu cc tt ii oo nn DD aa tt aa (3 months ended September 30, 2009)

Island Gold Mine Q3 2009 Q3 2008

Tonnes 62,302 41,916

Head grade 5.80 6.78

Gold recovery (%) 94.50 95.39

Recovered grade 5.49 6.47

Ounces 10,988 8,721

Definition drilling (metres) 3,350 640

Exploration drilling (metres) 13,726 1,901

Beaufor Mine

Tonnes 26,912 25,572

Head grade 6.86 9.88

Gold recovery (%) 98.66 98.55

Recovered grade 6.76 9.73

Ounces 5,852 8,002

Definition drilling (metres) 10,174 2,190

Exploration drilling (metres) 7,100 9,028

www.richmont-mines.com

Richmont Mines Inc. TSX and NYSE Amex: RIC Q 3 2 0 0 9 F a c t S h e e t

CC OO MM PP AA NN YY PP RR OO FF II LL EE

Richmont Mines has produced over 1,000,000 ounces of gold from its operations in Quebec, Ontario and Newfoundland since beginning production in 1991. Headquartered in Rouyn-Noranda, Quebec, Canada, the Company currently operates two gold mines, and manages several additional exploration and development projects.

The Company’s goal is to increase shareholder value through the expansion of its property portfolio, and the continued cost-effective development of its existing mineral resources. Management is focused on generating positive cash flow and profitable growth to provide the Company with a solid base upon which to increase production rates, grow reserve levels, and expand the Company’s pipeline of projects.

With extensive experience in gold exploration, development and mining, no long-term debt, and $23 million in cash and cash equivalents, Richmont is well positioned to cost-effectively build its North American reserve base through a combination of organic growth, strategic acquisitions and partnerships.

SS TT RR AA TT EE GG II CC FF OO CC UU SS

To become an intermediate North American gold producer with... 3 to 4 mines in operation 200,000 ounces of annual gold production 1,000,000 ounces of gold reserves Improved future financial performance

WW HH YY II NN VV EE SS TT ??

We are....

A profitable gold producer, with operations in a safe political environment;

Well-positioned to initiate partnerships/acquisitions.

We have... 25+ years of operational experience in underground, narrow vein

gold mines; A portfolio of exploration properties; A strong, experienced and flexible management team; A healthy balance sheet and hidden asset value.

NYSE Amex Market Data (US$) Recent Price..............................................$2.82 Shares Outstanding (millions)...............26.11 Market Cap (millions).............................$73.6 52-Week Range............................$0.95 - $4.36 Avg. Daily Volume (3 months)...........61,917

TSX Market Data (CAD$) Recent Price..............................................$3.04 Shares Outstanding (millions)...............26.11 Market Cap (millions).............................$79.4 52-Week Range............................$1.21 - $4.93 Avg. Daily Volume (3 months)............28,194

TT oo tt aa ll AA nn nn uu aa ll RR ee vv ee nn uu ee (CAD$ millions)

AA nn nn uu aa ll GG oo ll dd SS aa ll ee ss (Ounces)

RR ee ss ee rr vv ee ss && RR ee ss oo uu rr cc ee ss (As of December 31, 2008)1

(Ounces)

Proven & Probable Reserves 495,561

Measured & Indicated Resources 312,754

Inferred Resources 940,412

(1) Inc ludes Franco eur pro perty Res erves & Res o urces acco rding to

NI 43-101 co mpliant technica l repo rt filed o n SEDAR Augus t 5, 2009 Investor Relations Contact: Jennifer Aitken 1501 McGill College, Suite 2930 Montreal, Quebec H3A 3M8 Canada Phone: 514.397.1410 Fax: 514.397.8620 jaitken@richmont-mines.com

www.richmont-mines.com Note: Market data as of October 29, 2009