Richmont Mines, Inc. (RIC)

[Hockmir]

Richmont Mines Inc.: 2012 Drilling Program at Wasamac Yields Additional Significant Results

Richmont Mines Inc. (TSX:RIC)(NYSE Amex:RIC), ("Richmont" or the "Corporation")
is pleased to announce results from approximately 10,000 metres of drilling on
its Wasamac property (the "Property").


Highlights:



-- New 2012 drill results include: 2.97 g/t Au over 69.47 metres, 3.70 g/t
Au over 56.70 metres and 3.70 g/t Au over 29.89 metres in the Main Zone,
7.12 g/t Au over 7.20 metres, 3.43 g/t Au over 11.77 metres and 3.56 g/t
Au over 12.11 metres in Zone 2 (all cut grades and true widths);

-- A Preliminary Economic Assessment (PEA) of the project based on the
December 2011 resource estimates should be completed by the end of March
2012;

-- Richmont Mines is continuing its drilling program on Wasamac to better
define the Main Zone and the upper portions of zones 1, 2 and 3.




Martin Rivard, President and CEO, commented: "We are very pleased with the
results obtained to date with our 2012 exploration program and we expect to
complete the PEA of the Property by the end of the first quarter of 2012.