Oxbridge Bank and Trust SCC - Acquisition of Common Shares of Richmont Mines Inc.

    MONTREAL, May 8 /CNW Telbec/ - Oxbridge Bank and Trust SCC ("Oxbridge"),
located at Chelston Park, Collymore Rock, St. Michael, Barbados, announces
that it, together with joint actors, now owns and controls 2,610,000 common
shares of Richmont Mines Inc. ("Richmont") representing 10% of the issued and
outstanding shares of Richmont. The most recent shares acquired were 3,500
common shares representing 0.0134% of the issued and outstanding common shares
of Richmont that were acquired on the Toronto Stock Exchange at a price of
$4.44 per common share, on May 7, 2009.
    The common shares of Richmont are being acquired for investment purposes
only. Depending on the evolution of Richmont's business, financial condition,
the market for Richmont securities, general economic conditions and other
factors, Oxbridge and joint actors may acquire additional securities of
Richmont or sell some or all of the securities they hold.
    An early warning report in respect of the above noted transaction will be
filed on SEDAR. A copy of this report can be obtained from Darren C. Stark at
(246) 426-3780.

For further information:

For further information: Darren C. Stark, (246) 426-3780

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