May 15, 2009 - Richmont Mines Inc.
(TSX/NYSE Amex: RIC), is pleased to announce the following
re-appointments to its Board of Directors of Messrs. Denis Arcand,
Martin Rivard, R�jean Houle and Raynald V�zina and the appointment of Mr. Gregory Chamandy as a Director, at the Annual and Special General
Meeting held in Montreal on May 14, 2009.
Mr. Denis Arcand,
who has served as a director of Richmont since 1995,
has been appointed Chairman of the Board. During his career, Mr. Arcand was involved in the investment securities business
and has extensive experience in mining financing. Mr. Arcand
is a Fellow (FCSI) of the Canadian Securities Institute.
Mr. Gregory Chamandy has been appointed Vice Chairman of the
Board. Mr. Chamandy, age 50, has an excellent track
record in developing small companies into major corporations. As co-founder,
Chairman and CEO of Gildan Activewear,
Mr. Chamandy built what was a simple textile
manufacturer into a sophisticated vertically integrated apparel manufacturing
giant. Subsequent to Gildan, Mr. Chamandy became the Chairman and co-owner of Europe�s
Best, North America�s largest selling brand of frozen
fruit, which was sold to JM Smucker in 2008. Mr. Chamandy is currently also the Chairman of Oxbridge Private
Wealth Management, a Canadian asset management company catering to high net
worth individuals, and the Co-Chairman of Liquid Nutrition Inc., a rapidly
growing Canadian smoothie and health bar chain.
Chairman of the Board
About Richmont Mines Inc.
Richmont produces gold from
its operations in Canada
and is focused on building its reserves in North America,
and has extensive experience in gold exploration, development and mining. Since
it began production in 1991, Richmont has produced
more than one million ounces of gold from its holdings in Quebec,
Ontario and Newfoundland.
Richmont�s strategy is to cost-effectively develop
and exploit its gold mining assets, acquire properties, or develop partnerships
to expand its reserve base. Richmont routinely posts
news and other important information on its Web site at: www.richmont-mines.com.
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For more information, please contact:
Richmont Mines Inc.
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