Richmont Mines and Louvem Mines Announce Surface Drilling Results and Production Milestone of 1,000,000 Gold Ounces for the Beau

Richmont Mines Inc. (TSX:RIC)(NYSE Amex:RIC), ("Richmont" or "the Company") and
Louvem Mines Inc. (TSX VENTURE:LOV), ("Louvem"), are pleased to announce assay
results from the recently completed surface drilling program at the Beaufor
Mine.


Richmont and Louvem are also very pleased to highlight that the Beaufor Mine
recently attained the notable production level of 1,000,000 gold ounces over its
mine life. The mine produced a total of 517,129 gold ounces over the 27 years
that it was in operation during the period 1933 until 1995. Since commercial
production resumed in 1996, the mine produced an additional 482,871 gold ounces,
reaching the lifetime production milestone of 1,000,000 gold ounces in March
2010.


President and CEO Martin Rivard commented: "It is a significant achievement in
the life of any mine to reach production of 1,000,000 gold ounces. For a small,
narrow vein underground gold mine like Beaufor, however, it is all the more
notable, and is a testament to the hard work, determination and dedication of
the mine's employees over the years. We remain committed to Beaufor, and are
planning more surface exploration drilling on the property."


Richmont Mines completed a surface exploration program on the Beaufor Mine
property in the fourth quarter of 2009 and the first quarter of 2010, through
which one promising zone was identified - Zone 350 - which is located
approximately 800 metres to the southwest of the mine infrastructure. This zone
is composed of a quartz vein that contains pyrite, tourmaline and visible gold,
and varies in thickness from 0.35 metres to 2.8 metres. The Company drilled 8
holes for a total of 2,904 metres on this zone. As detailed in the table below,
several interesting intercepts were documented, notably 100.00 g/t over a true
width of 0.91 metres in hole 50-01, and 23.57 g/t over a true width of 0.90
metres in hole 35-01. The results suggest that Zone 350 covers a minimum lateral
distance of 350 metres, and is open at depth and laterally.


Drill Results for Zone 350 (1) - Beaufor Mine



---------------------------------------------------------------------------
   Hole    From a depth  To a depth of  Core Length  True Width    Grade   
  Number        of          (metres)      (metres)     (metres)   (g/t Au) 
             (metres)                                                      
---------------------------------------------------------------------------
   20-02      128.25         128.75         0.50         0.48       8.53   
---------------------------------------------------------------------------
   25-01      132.50         136.00         3.50         3.42       0.06   
---------------------------------------------------------------------------
   25-02      157.00         157.65         0.65         0.64       0.04   
---------------------------------------------------------------------------
   35-01      123.75         124.70         0.95         0.90       23.57  
---------------------------------------------------------------------------
   40-01      175.40         175.85         0.45         0.45       6.18   
---------------------------------------------------------------------------
   45-01      168.25         170.50         2.25         2.24       19.82  
---------------------------------------------------------------------------
   50-01      128.20         129.20         1.00         0.91      100.00  
---------------------------------------------------------------------------
   50-02      213.65         214.30         0.65         0.65       9.58   
---------------------------------------------------------------------------

1.  Please see the National Instrument 43-101 at the end of this release for
    full analysis details. 



About Richmont Mines Inc. 

Richmont Mines has produced over 1,000,000 ounces of gold from its operations in
Quebec, Ontario and Newfoundland since beginning production in 1991. With
extensive experience in gold exploration, development and mining, the Company is
well positioned to cost-effectively build its North American 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).


About Louvem Mines Inc. 

Louvem Mines Inc. has a 50% interest in the Beaufor Mine and owns other
exploration properties located near Val-d'Or, in northwestern Quebec, Canada.
Richmont Mines owns 70% of the outstanding shares of Louvem Mines Inc. More
information on Louvem Mines can be found on its website (www.louvem.com). 


National Instrument 43-101 (NI 43-101) 

The exploration program was conducted by qualified persons as defined by
National Instrument 43-101, Specifically, the program was overseen by Mr.
Raynald Vincent, Eng., B.Sc.A, M.G.P, a qualified person as defined by NI
43-101, and an employee of Richmont Mines Inc., and was supervised by Mr. Daniel
Adam, Geo., Ph.D., Exploration Manager, a qualified person as defined by NI
43-101, an employee of Richmont Mines Inc. 


The analyses were conducted at the Lab-Expert laboratory in Rouyn-Noranda,
Quebec, by means of fire assay fusion with atomic absorption (AA) and
gravimetric finish. The rejects of all samples grading more than 1 g/t Au, were
sent to Techni-Lab in Ste-Germaine-Boule, Quebec, and analysis was completed by
means of fire assay fusion with atomic absorption (AA) and gravimetric finish.
The verification process undertaken by Techni-Lab confirmed the initial results,
and the grades presented in the table represent the average of all obtained
results.


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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