MOMO'S BREAKOUT BOARD

[Abondanceinvest]

Gm balamidas$ radar!_RIC @6.71_RICHMONT_MINES INC - http://www.richmont-mines.com

Keep your eyes on this one
( short & mid term)

Gold Industry Veteran Ebe Scherkus to Join the Richmont Mines Board of Directors

2012-04-12 08:30 ET - News Release


MONTREAL, QUEBEC -- (MARKET WIRE) -- 04/12/12


Richmont Mines Inc. (TSX:RIC)(NYSE Amex:RIC), ("Richmont" or the "Corporation") is pleased to announce the appointment of gold industry veteran Ebe Scherkus to its Board of Directors effective immediately.

Mr. Scherkus recently retired as President and Chief Operating Officer of Agnico-Eagle Mines Limited ("Agnico-Eagle") after a 27 year career with the company. He served as President and Chief Operating Officer of Agnico-Eagle from December 2005 until his retirement in February 2012. Prior to becoming President and COO of Agnico-Eagle, Mr. Scherkus served as Executive Vice-President, Operations from 1998 to 2005, as Vice-President, Operations from 1996 to 1998, as the manager of the company's La Ronde Division from 1986 to 1996, and as a project manager from 1985 to 1986. Mr. Scherkus is a graduate of McGill University (B.Sc), a member of the Association of Professional Engineers of Ontario, and the past President of the Quebec Mining Association.

"We are extremely pleased to have someone of Ebe's caliber join our Board" stated Greg Chamandy, Executive Chairman of Richmont's Board of Directors. "Ebe's extensive experience in opening, building, and acquiring gold mines over the last 27 years will be of tremendous benefit to Richmont. We are in the process of building Richmont into a world-class, intermediate gold mining company and I have assembled our Board to support and foster that goal. I would like to thank Mr. Denis Arcand and Mr. Raynald Vezina, whom will finish their mandate with the Corporation's Board in May, for their contribution to Richmont's success over the years."

Biographies of the members of the Board of Directors up for re-election at the Corporation's annual meeting, scheduled for May 10th, 2012, are detailed in Annex 1 at the end of this press release.

About Richmont Mines Inc.

Richmont has produced over 1,200,000 ounces of gold from its operations in Quebec, Ontario and Newfoundland since beginning production in 1991. The Corporation currently produces gold from its Island Gold and Beaufor mines, and is currently advancing its Francoeur Mine to commercial production, which should increase Richmont's production to approximately 100,000 ounces of gold on an annual basis. With extensive experience in gold exploration, development and mining, the Corporation is well positioned to cost-effectively build its Canadian reserve base through a combination of organic growth, strategic acquisitions and partnerships. Richmont routinely posts news and other important information on its website (www.richmont-mines.com).

Forward-Looking Statements

This news release contains forward-looking statements that include risks and uncertainties. When used in this news release, the words "estimate", "project", "anticipate", "expect", "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.

The factors that could cause actual results to differ materially from those indicated in such forward-looking statements include changes in the prevailing price of gold, the Canadian-United States 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 set out in Richmont Mines' Annual Information Form, Annual Reports and periodic reports.

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ANNEX I

H. Greg Chamandy - Executive Chairman of the Board

Mr. Chamandy has been a Director of Richmont since May 2009. Mr. Chamandy has extensive experience in the public markets, first as co-founder, Chairman and Chief Executive Officer of Gildan Activewear Inc. ("Gildan") from 1984 to 2004. After retiring from Gildan, he became Chairman and co-owner of Europe's Best Inc., North America's largest selling brand of frozen fruit, which was sold to JM Smucker & Co. in 2008. Mr. Chamandy is currently the Chairman of Oxbridge Bank & Trust SCC ("Oxbridge"), a Barbados private bank that caters to high net worth clients. He is also the Chairman of Liquid Nutrition Group Inc., a public company in the Health & Wellness industry listed on TSX Venture.

Bob Buchan - Director and Vice Chairman of the Board

Mr. Buchan is Executive Chairman of Allied Nevada Gold Corp., and has been since the company was formed in 2007. Prior to that he was one of the founding shareholders of Katanga Mining Limited and acted as that company's Chairman from 2004 until 2007. In 1993 he founded Kinross Gold Company and acted as that company's CEO until he retired in 2004. Currently he is on the Board of Directors of a number of other companies in the resource business, including as Chairman of Polyus Gold International Limited, Russia's largest gold mining company. Mr. Buchan has been a Director and Vice-Chairman of the Board of Richmont Mines since January 2012.

Elaine Ellingham - Director

Ms. Ellingham is a professional geoscientist with over 25 years of experience in the mining industry. Ms. Ellingham is President of Ellingham Consulting Ltd., a company providing geological and corporate finance services to international clients. She spent eight years with the Toronto Stock Exchange, from 1997 - 2005, in a number of capacities including National Leader of Mining, and served on the TSX Stock List Committee. Ms. Ellingham was Senior VP, Investor Relations for IAMGOLD Corporation and has a range of experience in mineral exploration, corporate development and investor relations for mining companies including Campbell Resources Inc., Rio Algom Exploration Inc., and St. Joe Canada Inc. Ms. Ellingham is currently a director of Continental Nickel Ltd., and is a former director of NewWest Gold Corporation. Ms. Ellingham has been a director of Richmont Mines since February 2010.

Sidney M. Horn - Director and Corporate Secretary

Mr. Horn is a Partner in the Montreal office of Stikeman Elliott LLP. He received the highest practitioner rating in the Canadian Legal Directory LEXPERT in the areas of corporate commercial, corporate finance and securities, and mergers and acquisitions. He is listed in the 2010 edition of "The Best Lawyers in Canada" and in the 2010 edition of "A Guide to the Leading 500 Lawyers in Canada". He is a member of the Boards of Directors of Astral Media Inc., The Wet Seal, Inc., Genworth MI Canada Inc. and Prime Restaurants of Canada Inc. Mr. Horn was named Corporate Secretary in December 2009 and was named a director in March 2012.

Rejean Houle - Director

Mr. Houle is an Ambassador for the Montreal Canadiens Hockey Club Inc., is the President of The Montreal Canadiens Alumni Association, and served as General Manager of the Canadiens from November 2000 until October 2005. Prior to that, Mr. Houle was Director of Public Relations for Molson Breweries Inc., after having retired from a very successful career as a professional hockey player in the National Hockey League. Mr. Houle is also on the Board of Directors of the Fondation du Canadien pour l'enfance, and the Marc-Aurele Fortin Museum. Mr. Houle has been a director of Richmont Mines since 1989.

Sam Minzberg - Director

Mr. Minzberg is a senior partner with the law firm Davies Ward Phillips & Vineberg LLP in Montreal, and is a member of the firm's Management Committee. Mr. Minzberg specializes in corporate, commercial and tax law. He was previously President and CEO of Claridge Inc., a management and holding company on behalf of the Charles R. Bronfman Family. Mr. Minzberg also serves on the Board of Directors of Quebecor Media Inc., HSBC Bank Canada, HSBC North America Holdings Inc. and Reitmans (Canada) Limited. Mr. Minzberg has been a director of Richmont Mines since February 2010.

Michael Pesner - Director

Mr. Pesner is President of Hermitage Canada Finance Inc., a company that specializes in financial advisory and investment banking services. Previously, Mr. Pesner was a Senior Partner in Financial Advisory Services at the Montreal offices of KMPG, prior to which he was National Executive, Corporate Recovery Partner at KMPG predecessor firm Thorne Ernst & Whinney. Mr. Pesner also serves on the Board of Directors of the public companies Quest Rare Minerals Inc., Bitumen Capital Inc., Mint Technology Corporation, and Sand Technology Inc., and the privately-held companies Speedware Inc. and Above Security Inc. Mr. Pesner has been a director of Richmont Mines since November 2010.

Eberhard Scherkus - Director

Eberhard Scherkus, P.Eng., was the President and Chief Operating Officer of Agnico-Eagle from December 2005 until his retirement in February 2012. Prior to this, Mr. Scherkus served as Executive Vice-President and Chief Operating Officer from 1998 to 2005, as Vice-President, Operations from 1996 to 1998, as a manager of Agnico-Eagle LaRonde Division from 1986 to 1996 and as a project manager from 1985 to 1986. Mr. Scherkus is a graduate of McGill University (B.Sc.), a member of the Association of Professional Engineers of Ontario and past president of the Quebec Mining Association. Mr. Scherkus was appointed as a director of Richmont Mines on April 10, 2012.


Contacts:
Investor Relations:
Jennifer Aitken
Richmont Mines Inc.
514 397-1410
[e-mail]
www.richmont-mines.com

Richmont's Wasamac has $71-million NPV, 7% IRR

2012-03-28 08:29 ET - News Release


Mr. Martin Rivard reports

RICHMONT ANNOUNCES RESULTS FROM A PRELIMINARY ECONOMIC ASSESSMENT FOR WASAMAC AND APPROVES $15 MILLION ADVANCED EXPLORATION BUDGET

Richmont Mines Inc. is providing the results of an independent 43-101 preliminary economic assessment for the Wasamac gold project located in Rouyn-Noranda, Que. The report reinforces the corporation's view that there is a potential to establish an underground bulk-mining operation on the property. The PEA was co-ordinated by Richmont and the technical report will be completed by Roscoe Postle Associates Inc. and filed on SEDAR within 45 days of this news release.

PEA highlights:


Base case parameters: Gold price per ounce of $1,300 (U.S.) or $1,350 (U.S.) using a Canadina dollar to United States dollar exchange rate of 1.04 (36-month trailing averages)

Potential mine life: 14 years

Throughput: 6,000 tonnes per day

Average annual production: 140,000 ounces of gold

Total life-of-mine recovered production: 1.75 million ounces of gold

Average life-of-mine cash cost: $688 (U.S.) per ounce

Average operating costs: $46.15 per tonne







Richmont Announces Results From a Preliminary Economic Assessment for Wasamac and Approves $15 Million Advanced Exploration Budget

2012-03-28 08:15 ET - News Release


This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:
MONTREAL, QUEBEC, CANADA -- (MARKET WIRE) -- 03/28/12


Richmont Mines Inc. (TSX:RIC)(NYSE Amex:RIC), ("Richmont" or the "Corporation") is pleased to announce the results of an independent Regulation 43-101 ("R 43-101") Preliminary Economic Assessment(A) ("PEA" or the "Report") for the Wasamac Gold Project (the "Property") located in Rouyn-Noranda, Quebec. The Report reinforces the Corporation's view that there is a potential to establish an underground bulk-mining operation on the Property. The PEA was coordinated by Richmont, and the technical report will be completed by Roscoe Postle Associates Inc. ("RPA") and filed on SEDAR (www.sedar.com) within 45 days of this press release. All dollars are presented in Canadian currency unless otherwise noted.

PEA Highlights:


-- Base case parameters: Gold price per ounce of US$1,300 or CAN$1,350
using a CAN$ - US$ exchange rate of 1.04 (36-month trailing averages);
-- Potential mine life: 14 years
-- Throughput: 6,000 tonnes per day ("tpd")
-- Average annual production: 140,000 ounces of gold ("Au ounces")
-- Total life of mine recovered production: 1.75 M ounces of gold
-- Average life of mine cash cost: US$688 per ounce
-- Average operating costs of $46.15 per tonne.

Richmont Mines Reports Record Full Year 2011 and Strong Fourth Quarter Results
http://ir.richmont-mines.com/en/releasedetail.cfm?ReleaseID=650904

Richmont Mines: Promising Drill Results From Island Gold Mine Confirm Potential at Depth
http://ir.richmont-mines.com/en/releasedetail.cfm?ReleaseID=647847
Richmont Mines: Promising Drill Results From Island Gold Mine Confirm Potential at Depth


MONTREAL, QUEBEC, CANADA -- (MARKET WIRE) -- 02/10/12 -- Richmont Mines Inc. (TSX: RIC)(NYSE Amex: RIC), ("Richmont" or the "Corporation") is pleased to announce results from its deep drilling program on its Island Gold Mine property (the "Property").

Highlights:




-- Four main zones (G, C, D and E1E) identified between -500 metres and

-900 metres of vertical depth over a lateral strike length of 150 metres

that span between the Lochalsh and Island Main zones;



-- Results include: 13.39 g/t Au over 4.84 metres and 16.42 g/t Au over

4.08 metres in Zone E1E, 22.08 g/t Au over 6.58 metres in the G Zone,

12.28 g/t Au over 7.24 metres and 27.26 g/t Au over 5.88 metres in Zone

C, 33.36 g/t Au over 2.18 metres and 20.22 g/t Au over 2.05 metres in

Zone D, and 13.23 g/t Au over 3.67 metres in Zone STH (just south of the

G Zone) (all cut grades over true width);



-- 2011 deep exploration drilling at the Island Gold Mine encompassed 25

holes and wedges over a total of 23,000 metres; 2012 program will

include 35,000 metres of surface and underground exploration drilling.



Martin Rivard, President and CEO, commented: "We have results from more than 23,000 metres of deep drilling completed at our Island Gold Mine, and are pleased that they have confirmed the potential at depth for this Property. While the spacing of this drilling is currently too large to establish resources, the results confirm the extension of known zones at depth. We plan on completing approximately 35,000 metres of deep drilling at Island Gold during 2012, with the goal of establishing resources below current infrastructure. 20,000 metres of this drilling is planned from underground, and we have already begun a 1,100 metre exploration drift from the -400 metre level of the mine to provide more effective access for drilling. In addition, we are currently evaluating different options for the potential construction of an exploration shaft in order to accelerate the identification of deep resources at Island Gold."

The following table selectively presents drill results that intersected a cut grade of at least 3 g/t Au over a minimum true width of 2.0 metres.




----------------------------------------------------------------------------

TABLE 1

ISLAND GOLD MINE DRILL RESULTS(1)

----------------------------------------------------------------------------

Vertical

depth

of

True Uncut Cut Inter-

Hole Length From To Width Grade Grade(2) section

Number (metres)(metres) (metres) (metres) (g/t Au) (g/t Au) Zone (metres)

----------------------------------------------------------------------------

GD-10-

09W1 999 724.00 728.00 2.34 8.68 8.68 D 681

----------------------------------------------------------------------------

GD-10-

09W2 982 628.93 632.55 2.00 50.41 14.28 C 597

-------------------------------------------------------------

726.00 729.85 2.18 34.58 33.36 D 684

-------------------------------------------------------------

793.00 796.45 2.00 3.08 3.08 E1E 743

----------------------------------------------------------------------------

GD-10-

11 1,050 655.00 659.62 2.63 4.95 4.95 G 614

----------------------------------------------------------------------------

GD-10-

13 885 645.00 648.77 2.10 3.82 3.82 E1E 614

----------------------------------------------------------------------------

GD-10-

15 954 657.15 661.70 2.57 3.97 3.97 C 613

----------------------------------------------------------------------------

GD-11-

01 975 738.40 741.95 2.04 4.78 4.78 E1E 688

----------------------------------------------------------------------------

GD-11-

05 1,062 605.00 616.60 5.25 3.64 3.64 G 597

-------------------------------------------------------------

898.48 910.00 4.84 44.27 13.39 E1E 877

----------------------------------------------------------------------------

GD-11-

05W1 972 742.00 746.12 2.00 5.80 5.80 D 720

-------------------------------------------------------------

863.00 871.00 3.84 6.00 6.00 E1E 834

----------------------------------------------------------------------------

GD-11-

05W2 966 603.00 613.50 4.97 3.80 3.80 G 594

-------------------------------------------------------------

770.83 775.40 2.13 5.37 5.37 D 748

-------------------------------------------------------------

875.19 880.16 2.23 4.47 4.47 E1E 847

----------------------------------------------------------------------------

GD-11-

07 1,226 713.79 718.75 2.00 6.12 6.12 G 701

-------------------------------------------------------------

975.00 980.06 2.13 6.68 6.68 C 951

----------------------------------------------------------------------------

GD-11-

11 904 658.48 663.17 2.72 3.44 3.44 C 613

-------------------------------------------------------------

843.06 846.40 2.00 3.39 3.39 E1E 775

----------------------------------------------------------------------------

GD-11-

12 1,063 819.00 828.00 3.67 13.23 13.23STH(3) 803

-------------------------------------------------------------

910.94 927.00 6.58 27.89 22.08 G 898

----------------------------------------------------------------------------

GD-11-

12W1 1,083 714.00 718.00 2.23 3.20 3.20 G 682

-------------------------------------------------------------

905.50 912.00 3.75 16.74 7.09 D 854

----------------------------------------------------------------------------

GD-11-

14 1,083 869.43 873.37 2.00 3.66 3.66 C 834

----------------------------------------------------------------------------

GD-11-

15 1,029 764.00 767.69 2.09 3.49 3.49 G 716

-------------------------------------------------------------

830.00 842.70 7.24 15.10 12.28 C 779

----------------------------------------------------------------------------

GD-11-

15W1 968 744.00 752.80 5.88 41.33 27.26 C 679

-------------------------------------------------------------

858.80 863.70 3.38 3.81 3.81 D 772

----------------------------------------------------------------------------

GD-11-

17 900 652.39 657.30 2.60 28.39 11.65 C 617

----------------------------------------------------------------------------

GD-11-

18 966 854.45 858.25 2.05 20.22 20.22 D 802

-------------------------------------------------------------

932.37 939.82 4.08 126.66 16.42 E1E 874

----------------------------------------------------------------------------



1. Please see the Regulation 43-101 at the end of this release for full

analysis details.

2. High values are cut at 75 g/t.

3. STH is just south of the G Zone.



Chart 1: Longitudinal Section - Island Gold Mine: 2011 exploration results to date: http://media3.marketwire.com/docs/Richmont_ENG_0210.pdf

Additional details about the Island Gold Mine Property

The 84.4 km2 (8,444 hectare) Island Gold property is located 83 km northeast of Wawa, Ontario. Ore from the Island Gold Mine is processed at the on-site Kremzar Mill, an 850 tonne per day rated CIP mill. Since Island Gold began commercial production in October 2007, Richmont has produced more than 175,000 ounces of gold from this mine. Underground operations are accessed via a ramp, and the mine's infrastructure currently goes down to a vertical depth of approximately 400 metres.

About Richmont Mines Inc.

Richmont has produced over 1,200,000 ounces of gold from its operations in Quebec, Ontario and Newfoundland since beginning production in 1991. The Corporation currently produces gold from its Island Gold and Beaufor mines, and is currently advancing its Francoeur Mine to commercial production, which will increase Richmont's production to approximately 100,000 ounces of gold on an annual basis. With extensive experience in gold exploration, development and mining, the Corporation is well positioned to cost-effectively build its Canadian reserve base through a combination of organic growth, strategic acquisitions and partnerships. Richmont routinely posts news and other important information on its website (www.richmont-mines.com).

Forward-Looking Statements

This news release contains forward-looking statements that include risks and uncertainties. When used in this news release, the words "estimate", "project", "anticipate", "expect", "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.

The factors that could cause actual results to differ materially from those indicated in such forward-looking statements include changes in the prevailing price of gold, the Canadian-United States 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 set out in Richmont Mines' Annual Information Form, Annual Reports and periodic reports.

Cautionary note to US investors concerning resource estimates

Information in this press release is intended to comply with the requirements of the Toronto Stock Exchange and applicable Canadian securities legislation, which differ in certain respects with the rules and regulations promulgated under the United States Securities Exchange Act of 1934, as amended ("Exchange Act"), as promulgated by the SEC. The reserve and resource estimates in this press release were prepared in accordance with Regulation 43-101 adopted by the Canadian Securities Administrators. The requirements of Regulation 43-101 differ significantly from the requirements of the United States Securities and Exchange Commission (the "SEC").

U.S. Investors are urged to consider the disclosure in our annual report on Form 20-F, File No. 001-14598, as filed with the SEC under the Exchange Act, which may be obtained from us (without cost) or from the SEC's web site: http://sec.gov/edgar.shtml.

Regulation 43-101

The exploration program was conducted by qualified persons as defined by Regulation 43-101. Specifically, the program was overseen by Mr. Daniel Adam, Geo., Ph.D., General Manager, Exploration and Sustainable Development, a qualified person as defined by Regulation 43-101, and an employee of Richmont Mines Inc. The analyses were conducted at the Swastika Laboratories Ltd. in Swastika, Ontario, by means of fire assay fusion with atomic absorption (AA) and gravimetric finish.

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Contacts:

Investor Relations:

Jennifer Aitken

Richmont Mines Inc.

514 397-1410

[e-mail]

www.richmont-mines.com