LOV Louvem Mines Inc.

Louvem Mines Inc. (TSX VENTURE:LOV) ("Louvem" or the "Company") announces that
at its annual and special general meeting of shareholders held today, the
holders of the majority of the shares of Louvem, excluding those held by
Richmont Mines Inc. ("Richmont"), have approved the amalgamation of Louvem and
9222 - 0383 Quebec inc., a wholly-owned subsidiary of Richmont (the
"Amalgamation").


The TSX Venture Exchange, the Toronto Stock Exchange and the NYSE Amex have all
approved the Amalgamation subject only to the usual conditions.


Louvem expects the Amalgamation to take effect on June 30, 2010.

In conformity with the Amalgamation Agreement entered into on May 18, 2010
between Louvem and Richmont (the "Amalgamation Agreement"), on the effective
date of the Amalgamation the outstanding shares of Louvem will be cancelled and
the shareholders of Louvem other than Richmont (the "Minority Shareholders")
will receive one share of Richmont for each 5.4 shares of Louvem that they hold.
The Minority Shareholders will also be entitled to receive an amount in cash for
their odd lots of shares of Louvem (see the Amalgamation Agreement on SEDAR at
www.sedar.com). Richmont expects to issue the shares during the week of July 5,
2010. Louvem and 9222 - 0383 Quebec inc. will continue to exist as one company
that will be a wholly-owned subsidiary of Richmont.


About Louvem Mines Inc.

Louvem has a 50% interest in the Beaufor Mine and owns other exploration
properties located near Val-d'Or, in northwestern Quebec, Canada. More
information on Louvem Mines can be found on its website www.louvem.com.

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