RICHMONT MINES INC. ANNOUNCES EXECUTION OF AN ACQUISITION
AGREEMENT WITH LOUVEM MINES INC.
MONTREAL, Quebec, Canada, May 18, 2010 - Richmont Mines Inc. ("Richmont") (TSX - NYSE Amex:
RIC) announces that it has entered into an Acquisition Agreement and an Amalgamation Agreement with Louvem
Mines Inc. ("Louvem") pursuant to which Richmont will acquire all of the issued and outstanding shares of
Louvem not currently owned by Richmont through an amalgamation. Richmont currently owns approximately
70% of the shares of Louvem. Pursuant to these agreements, Louvem and 9222-0383 Québec Inc., a wholly-
owned subsidiary of Richmont, will amalgamate under Part IA of the Companies Act (Quebec) and the
shareholders of Louvem will ultimately receive one share of Richmont for each 5.4 shares of Louvem held (the
"Transaction"). Richmont expects to issue approximately 1.4 million common shares if the Transaction is
completed. The Transaction must be approved by the holders of a majority of Louvem’s shares, excluding those
held by Richmont, present in person or represented by proxy at the Louvem shareholders meeting. Louvem
shareholders holding approximately 54% of the Louvem shares not already owned by Richmont, have agreed to
vote in favour of the Transaction.
Richmont and Louvem previously announced Richmont’s intention to acquire the shares it does not already own
in Louvem in a joint press release issued March 31, 2010.
The Transaction is also subject to the approval of the TSX Venture Exchange, the TSX and the NYSE Amex.
The meeting at which the shareholders of Louvem will be called upon to vote on the Transaction will be held on
June 18, 2010.
If approved by Louvem shareholders, Richmont expects the Transaction to be completed on or before June 30,
2010. There can be no assurance that the Transaction will be completed.
About Richmont Mines Inc.
Richmont has produced over 1,000,000 ounces of gold from its operations in Quebec, Ontario and
Newfoundland since be