“MONTREAL, QUEBEC--(Marketwired - Jan. 28, 2014) - Richmont Mines Inc. (TSX:RIC)(NYSE MKT:RIC), ("Richmont" or the "Corporation"), is pleased to announce a significant increase in indicated and inferred gold resources at its Island Gold Deep Deposit located at its Island Gold Mine near Wawa, Ontario.”

“Indicated resource and updated Inferred resource include: 12.50 g/t Au over 6.34 metres, 18.32 g/t Au over 6.70 metres, 11.97 g/t Au over 6.56 metres, and 15.53 g/t Au over 4.43 metres in the C Zone, and 33.89 g/t Au over 8.79 metres in the B Zone.”

Note: Richmont is following six sub-parallel gold zones that “remain open both along strike and to depth where the potential for adding additional high-grade gold resources is believed to be high.”

“Along strike” is in the direction of our Magino mine, immediately next door.

http://ir.richmont-mines.com/en/releasedetail.cfm?ReleaseID=821469