About
Richmont Mines Inc.
Richmont Mines produces gold from its
operations in Canada
and is focused on building its reserves in North America.
The Company has extensive experience in gold exploration, development and
mining. Since it began production in 1991, the Company has produced more than
one million ounces of gold from its holdings in Quebec,
Ontario and Newfoundland.
Richmont Mines� strategy is to cost effectively
develop its mining assets, exploit mineralized reserves on properties owned and
acquired, or develop partnerships to expand its reserve base.
More
information on Richmont Mines can be found on its
website at: www.richmont-mines.com.
About
Louvem Mine Inc.
The Company has a 50% interest in the Beaufor
Mine and owns other exploration properties located near Val-d�Or, in
North-western Quebec, Canada.
More information on Louvem Mines can be found
on its website at: www.louvem.com.
National
Instrument 43-101 (NI 43-101)
The exploration programs were conducted by
qualified geologist as required by National Instrument 43-101, under the
supervision of Mr. Richard Dubuc,
Geo., Chief Geologist at the Beaufor
Mine, an employee of Richmont Mines Inc. The analyses
were conducted at the ALS Chemex laboratory in
Val-d�Or, Quebec, by means of
fire assay fusion on 30 grams
of material with atomic absorption (AA) and gravimetric finish. Mr. Richard
Dubuc has reviewed the content of
this news release.
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 revenues 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 and Louvem Mines�
Annual Information Form, Annual Reports and
periodic reports.
Cautionary
note to U.S.
investors concerning resource estimates
Resource
estimates
The
resource estimate in this news release is prepared in accordance with
Regulation 43-101 adopted by the Canadian Securities Administrators. The
requirements of R 43-101 differ significantly from the requirements of the
United States Securities and Exchange Commission (the �SEC�). In this news
release, we use the terms �measured�, �indicated� and �inferred� resources.
Although these terms are recognized and required in Canada,
the SEC does not recognize them. The SEC permits U.S.
mining companies, in their filings with the SEC, to disclose only those mineral
deposits that constitute �reserves�. Under United
States standards, mineralization may not be
classified as a reserve unless the determination has been made that the
mineralization could be economically and legally extracted at the time the
determination is made. United States
investors should not assume that all or any portion of a measured or indicated
resource will ever be converted into �reserves�. Further, �inferred resources�
have a great amount of uncertainty as to their existence and whether they can
be mined economically or legally, and United
States investors should not assume that
�inferred resources� exist or can be legally or economically mined, or that
they will ever be upgraded to a higher category.
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For more information, please contact:
Investor Relations��������������������������������������������������������� Listings: TSX � Amex
E-mail:� jculligan@keiadvisors.com