GOLD EXPLORATION - Richmont drills high-grade zones at Island Gold project

ONTARIO - Montreal’s RICHMONT MINES reports that the Island zone of the Island Gold joint venture, 90 km from Wawa, is showing good continuity and several high grade zones. The project is owned 55% by Richmont (the operator) and 45% by PATRICIA MINING of Toronto.

Notable intersections (cut at 75 g/t Au) include 9.97 g/t Au over 2.8 m in the B1 zone, 13.77 g/t Au over 2.7 m, 17.06 g/t Au over 1.5 m in the C zone, 23.32 g/t Au over 3.1 m in the D zone, 27.46 g/t Au over 3.6 m in the D1 zone, 10.77 g/t Au over 2.1 m in the E zone, 8.42 g/t Au over 1.5 m in the E1 zone, 17.45 g/t Au over 1.7 g in the E2 zone, and 8.36 g/t Au over 3.6 m in the Flat zone.

Even better grades were reported from the Goudreau and Lochalsh zones. Drill core assayed as high as 50.00 g/t Au over 1.5 m in the Goudreau zone and 25.08 g/t Au over 2.0 m in the Lochalsh zone.

The underground exploration program is supplying ore to the 426-t/d mill at the site. A closure plan has been submitted to the province. The technical report on the Island Gold project is available at www.Richmont-Mines.com.