EAST AMPHI

Osisko Mining announced initial results from the 2009-2010 definition drill program on the Western Porphyry Zone, located on the Amphi property. The program consist of twenty-five holes of significance include 137.8m averaging 0.93 g/t gold in Hole WP09-4009 and 197.2m averaging 0.82 g/t gold in Hole WP10-4023.

37,878 tonnes at an average recovered grade of 3.32 g/t from the East Amphi Mine were processed, and 4,043 ounces of gold were sold at an average price of US$664 per ounce. In the 2006 summary report, exploration results in the proximity of the existing underground infrastructures did not provide sufficient basis to invest additional capital, and as a result, in Oct/06, we elected to cease operations at East Amphi in the second quarter of this year. There is potential to capitalize on the property, which is located in the Malartic mining camp along the prolific Larder–Lake Cadillac Break. Despite challenging conditions, the cash cost of production for the year was US$15.59/g, while the average price of gold sold was US$19.39/g. In 2006, derground definition drilling program was completed, aimed to test targets on the Fourax property. The underground drilling tested the zone B2-BN bellow the 200 level and the A3 zone located 100 metres west of the mine openings. In 2007, approximately 100,000 tonnes of ore at an average grade of 3.67 g/t for production of approximately 11,789 ounces of gold are planned to be extracted. The mine will be closed in mid 2007 after reserve depletion.

Completed the previously announced sale of its East Amphi property and related surface equipment to Osisko Exploration Ltd.. Richmont Mines expects full mine closure to be complete by the end of July, 2007.