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1 CANADA’S NEXT INTERMEDIATE GOLD PRODUCER Corporate Presentation July 10, 2013

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Detour Gold Corporate Presentation

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Page 1: Detour Gold Corporate Presentation

1

CANADA’S NEXT INTERMEDIATE GOLD PRODUCER

Corporate Presentation

July 10, 2013

Page 2: Detour Gold Corporate Presentation

2

Forward Looking Information This presentation contains certain forward-looking information as defined in applicable securities laws (referred to herein as “forward-looking

statements”). Specifically, this presentation contains forward-looking statements regarding the commencement of commercial production at

the Detour Lake mine, 2013 guidance for gold production and total cash costs, reserve and resource estimates, ore grade, expected mine

life, average annual gold production, gold recovery, cash operating costs and other costs, sensitivity to metal prices and other sensitivities,

ramp-up of operations, mining rates reaching approximately 200,000 tpd by year-end 2013, future operating plans, potential expansion

opportunities, and plans for organic growth which includes growing mineral reserves to more than 20 million ounces. Forward-looking

statements involve known and unknown risks, uncertainties and other factors which are beyond Detour Gold’s ability to predict or control

and may cause Detour Gold’s actual results, performance or achievements to be materially different from any of its future results,

performance or achievements expressed or implied by forward-looking statements. These risks, uncertainties and other factors include, but

are not limited to, gold price volatility, changes in debt and equity markets, the uncertainties involved in interpreting geological data,

increases in costs, environmental compliance and changes in environmental legislation and regulation, interest rate and exchange rate

fluctuations, general economic conditions and other risks involved in the gold exploration and development industry, as well as those risk

factors discussed in the section entitled “Description of Business - Risk Factors” in Detour Gold’s 2012 AIF and in the continuous disclosure

documents filed by Detour Gold on and available on SEDAR at www.sedar.com. Such forward-looking statements are also based on a

number of assumptions which may prove to be incorrect, including, but not limited to, assumptions about the following: the availability of

financing for exploration and development activities; operating and capital costs; the Company’s ability to attract and retain skilled staff; the

mine development schedule; sensitivity to metal prices and other sensitivities; the supply and demand for, and the level and volatility of the

price of, gold; timing of the receipt of regulatory and governmental approvals for development projects and other operations; the supply and

availability of consumables and services; the exchange rates of the Canadian dollar to the U.S. dollar; energy and fuel costs; the accuracy

of reserve and resource estimates and the assumptions on which the reserve and resource estimates are based; market competition;

ongoing relations with employees and impacted communities and general business and economic conditions. Accordingly, readers should

not place undue reliance on forward-looking statements. The forward-looking statements contained herein are made as of the date hereof,

or such other date or dates specified in such statements. Detour Gold undertakes no obligation to update publicly or otherwise revise any

forward-looking statements contained herein whether as a result of new information or future events or otherwise, except as may be

required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make

additional updates with respect to those or other forward-looking statements.

Page 3: Detour Gold Corporate Presentation

3

Notes to Investors

The mineral reserve and resource estimates reported in this presentation were prepared in accordance with Canadian National Instrument

43-101Standards of Disclosure for Mineral Projects (“NI 43-101”), as required by Canadian securities regulatory authorities. For United

States reporting purposes, the United States Securities and Exchange Commission (“SEC”) applies different standards in order to classify

mineralization as a reserve. In particular, while the terms “measured,” “indicated” and “inferred” mineral resources are required pursuant to

NI 43-101, the SEC does not recognize such terms. Canadian standards differ significantly from the requirements of the SEC. Investors are

cautioned not to assume that any part or all of the mineral deposits in these categories constitute or will ever be converted into reserves. In

addition, “inferred” mineral resources have a great amount of uncertainty as to their existence and great uncertainty as to their economic

and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category.

Under Canadian securities laws, issuers must not make any disclosure of results of an economic analysis that includes inferred mineral

resources, except in rare cases.

On September 4, 2012, Detour Gold announced an updated mine production plan for the Detour Lake project. The NI 43-101 compliant

Technical Report for this update was filed on SEDAR on October 18, 2012. The following QPs participated in this update: BBA Inc., under

the direction of André Allaire, Eng., Vice-President, Markets – Mining and Metals and Patrice Live, Eng., Mining Manager; SGS Canada

Inc., under the direction of Michel Dagbert, Eng., Senior Geostatistician and Maxime Dupéré, P.Geo., Senior Geologist; and AMEC

Environment & Infrastructure, a Division of AMEC Americas Limited, David G. Ritchie M.Eng., P.Eng,

Senior Associate Geotechnical Engineer.

Information Containing Estimates of Mineral Reserves and Resources

Note Regarding Certain Measures of Performance This presentation presents estimates of future “cash operating costs per tonne milled”, “cash operating costs per ounce of gold produced”,

“total cash costs per tonne milled” and “total cash costs per ounce of gold produced” which are not recognized financial measures under

GAAP. These non-GAAP financial measures are intended to provide additional information to investors. However, they do not have a

standardized meaning under GAAP and may not be comparable to similar measures presented by other gold producers. The estimates of

future cash operating costs per tonne milled and future cash operating costs per ounce of gold produced include estimated mining,

processing and site administration costs divided by estimated tonnes milled or gold ounces produced, respectively. The estimates of future

total cash costs per tonne milled and future total cash costs per ounce of gold produced include estimated mining, processing, site

administration, royalty and refining costs net of estimated silver by-product credits divided by estimated tonnes milled or gold ounces

produced, respectively. These future estimates are based upon the cash operating costs per tonne milled, the cash operating costs per

ounce of gold produced, the total cash costs per tonne milled and the total cash costs per ounce of gold produced that the Company

expects to incur to mine gold at the Detour Lake mine. Since the Detour Lake mine has not yet reached commercial production, there is no

reconciliation to actual GAAP measures provided as it is not practicable to reconcile these forward-looking non-GAAP financial measures to

the most comparable GAAP measures.

Page 4: Detour Gold Corporate Presentation

4

Focus and Discipline

Leverage to gold price

Optimize operation

Organic growth

Safe jurisdiction

Per Share Value Creation

Free cash flow growth

Limit share dilution

Return on capital

Invest in Detour Gold

Our Vision

Become a leading intermediate gold producer and

premier investment opportunity

Page 5: Detour Gold Corporate Presentation

5

Note: Cash position and share data at June 30, 2013. Conversion price for the Notes is US$38.50.

Share Capital

FULLY DILUTED

161.6 M

OPTIONS & FN SHARE

COMMITMENTS

10.6 M

CONVERTIBLE

NOTES

13.0 M

ISSUED AND

OUTSTANDING

138.0 M C$1.2 B

C$207 M

TOP SHAREHOLDERS

MARKET CAP

CASH POSITION

PAULSON & CO: 15%

INSTITUTIONS TOTAL: >80%

Page 6: Detour Gold Corporate Presentation

6

Focused on One Core Asset

Detour Lake - Ontario, Canada

Low-risk, safe mining jurisdiction

Large prospective land package of 566 km2 on Abitibi Greenstone Belt

› Detour Lake open pit mine – 15.6 M oz in reserves

› Significant potential to expand mineral resources

› Exploration upside

Page 7: Detour Gold Corporate Presentation

7

PRODUCTION 2013

Record Timing from “Discovery” to Production

Detour Lake in 6 years

ACQUISITION /DISCOVERY

PRE-FEASIBILITY STUDY

FEASIBILITY STUDY & PERMITTING

DEVELOPMENT PRODUCTION

2007 2009 2010 2011-12 2013

From Core to Pour

Page 8: Detour Gold Corporate Presentation

8

Scorecard Highlights

Delivered results in timely manner over last 6 years

Built strong management team with track record of success

Increased mineral resources by 750% since acquisition at <$5/oz

Completed positive economic studies over a 2-year period

Raised over $2.5 billion (equity + debt)

Completed mine construction on time (27 months)

Obtained strong community and Aboriginal support

Started gold production in Q1 2013

Focus Q3 Q4

Strategy: Execution Discipline

Page 9: Detour Gold Corporate Presentation

9

H1 2013

First gold pour in February

Secured $90 million credit facility

Commissioned second production line

25,000 m drilling program targeting high-grade

gold mineralization

H2 2013

Achieving commercial production in Q3

Gold production target of between 260,000 and

320,000 ounces for the year

Year-end mineral resources/reserves update

2013 Objectives

Page 10: Detour Gold Corporate Presentation

10

Focus on health and safety of our employees, the well-being of

our community and the protection of the natural environment

Hiring in the region, giving priority to local Aboriginal communities:

92% of workforce from region

27% are Aboriginals

Scholarship and job training

Supporting local communities

Business opportunities

Participation in municipal development

Corporate philanthropy

NORTHERN

ONTARIO

39%

COCHRANE

26%

COCHRANE

AREA

27%

REST OF

ONTARIO

5%

3% OTHER

Corporate Responsibility

WORKFORCE ORIGIN

Page 11: Detour Gold Corporate Presentation

11

OP reserves (M oz) 15.6

Mill throughput (tpd) 55,000

Strip ratio (waste:ore) 3.7

Gold recoveries 91%

Average grade (g/t) 1.03

Estimated mine life (yrs) 21.5

Avg. production (oz/yr) 657,000

Initial capex (C$ B) 1.5

Sustaining capex (C$ B) 1.2

Detour Lake Mine at a Glance

Gold production started in February 2013

Page 12: Detour Gold Corporate Presentation

12

MAINTENANCE

LABOUR POWER

DIESEL

G&A

ROYALTY+

OTHER

(2% NSR)

CONSUMABLES

29%

22%

18% 12%

8%

5%

6%

Breakdown of 2013-14 TCC

Operating Costs (LOM) C$/t milled C$/t mined C$/oz

Mining costs 11.65 2.49 388

Processing cost 7.83 -- 260

G&A 1.86 -- 62

Cash operating costs 21.34 -- 710

Royalty (2%) and other 1.26 -- 42

Refining 0.12 -- 4

Silver credit (0.20) -- (7)

Total cash costs (TCC) 22.52 -- 749

A 10% change in:

Diesel or power costs = $9/oz change in TCC

Cdn$ FX rate = $63/oz in TCC

Projected LOM Operating Costs

Page 13: Detour Gold Corporate Presentation

13

2013 Ramp Up

Mining

Current stockpiles:

1.8 Mt grading 0.7 g/t

2.4 Mt grading 0.4 g/t

Mining rates to ~200,000 tpd by

year-end

Mining fleet of 20 haul trucks &

5 shovels

Processing Plant

55,000 tpd conventional gravity and

CIP processing plant with two

production lines

Line 1 & 2 in operation

Optimize and improve efficiencies

Page 14: Detour Gold Corporate Presentation

14

PLANT SITE

CAMPBELL

PIT

APPROX. PIT SHELL

AT END OF LOM

CURRENT

PIT SHAPE

MINERALIZED

ZONE

Satellite image dated July 2012

NORTH WASTE

DUMP

Mining Production

Page 15: Detour Gold Corporate Presentation

15

Bench

6252m

Bench

6240m

Grade Control DDH Block model 40x40m drill spacing RC GC 20X10m & 10X10m drill spacing

Block Gold Grade (g/t)

< 0.3

< 0.5

< 0.8

< 2.0

> = 2.0

Page 16: Detour Gold Corporate Presentation

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2013 Q1 Q2

Ore tonnes mined (Mt) 1.29 2.70

Tonnes milled (Mt) 1.02 2.87

Mill grade (g/t Au) 0.64 0.76

Recovery (%) 80 83

Availability (%) 66 68

Gold produced (oz) (1) 16,841 57,897

Q2 Operation Statistics

(1) Q2 = 44,447 oz poured and 23,189 oz of plant inventory.

Page 17: Detour Gold Corporate Presentation

17

2013 Guidance

2013 Revised Guidance

Total gold production of 260,000 to

320,000 oz

Post commercial production (Q3):

Total cash costs of C$800 to

C$1,000/oz

Sustaining capital: C$180 M

(C$112 M incurred up to June 30)

Commercial production target in Q3

NOTE: Commercial production to be declared after 60

consecutive days of operating at >75% of throughput

(55,000 tpd x 75% = 41,250 tpd)

Page 18: Detour Gold Corporate Presentation

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Conventional Milling Process

Primary Crusher 90,000 tpd

Mine Trucks

Secondary Crushers (2) 67,000 tpd

Pebble Crushers (2) 73,000 tpd

To Market

Gold Doré Bars

Gold Furnace

Gold Electrowinning

Carbon Stripping

To Gravity Circuit

To Gravity Circuit

Stockpile SAG Mills (2) 55,000 tpd

Ball Mills (2) 55,000 tpd

CIP

Leach

Tailings

Page 19: Detour Gold Corporate Presentation

19

Grow reserve base to +20 M oz

Reserve/resource update for

Detour Lake mine

Evaluate Detour Lake mine

expansion and Block A

Large prospective land position of

566 km2

Tested gold targets on structures

south of Detour Lake: 25,000 m

completed (partial results received)

Inferred M&I P&P

10M oz

20M oz

30M oz

15.6 14.9

11.4

8.8

Organic Growth Opportunities

Page 20: Detour Gold Corporate Presentation

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*Note: Excludes drilling around Detour Lake and M zone (Block A).

25,000 m in 2013

15.6 M oz in Reserves

Organic Growth Opportunities

Page 21: Detour Gold Corporate Presentation

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Near-term objectives (1-3 years):

Detour Lake reserve/resource update (open pit west expansion)

Evaluation of potential expansion options

Organic Growth Opportunities

Page 22: Detour Gold Corporate Presentation

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25,000 m in 2013

15.6 M oz in Reserves

20.1g/t/4.5m

Organic Growth Opportunities

Page 23: Detour Gold Corporate Presentation

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Focus and Discipline

Leverage to gold price

Optimize operation

Organic growth

Safe jurisdiction

Per Share Value Creation

Free cash flow growth

Limit share dilution

Return on capital

Invest in Detour Gold

Our Vision

Become a leading intermediate gold producer and

premier investment opportunity

Page 24: Detour Gold Corporate Presentation

24

ADDITIONAL INFORMATION

Page 25: Detour Gold Corporate Presentation

25

Detour Lake Profile Detour Lake

Sept. 2012

Mine Plan(3)

Gold price (US$/oz) (1) 1,200

Foreign exchange rate (US$/Cdn$) 1.00

Assumptions Fuel price (US$/barrel) 100

Income/mining tax rate (%) 25/10

Net Smelter Royalty (%) 2

Ore milled (Mt) 470.0

Waste mined (Mt) (4) 1,734

Mine Strip ratio (waste:ore) 3.7

Parameters Avg. gold grade (g/t) 1.03

Total contained gold (M oz) 15.6

Estimated gold recovery (%) 91.0

Total recovered gold (M oz) 14.1

Mine life (years) 21.5

Avg. annual gold production (oz) 657,000

1. US$1,600/oz for 2013, US$1,500/oz for 2014, and US$1,400/oz for 2015.

2. Press release Jan. 31, 2011 with Technical Report dated Mar. 15, 2011.

3. Press release Sept. 4, 2012 with Technical Report dated Oct. 18, 2012.

4. Includes low-grade stockpile.

1.0 g/t Au

0.5 - 1.0 g/t Au

<0.5 g/t Au

20,600E

16,500E

700 m

Open pit

@ 0.5 g/t cut-off

Page 26: Detour Gold Corporate Presentation

26

Gold Production/Cost/Grade Profile

Note: Excludes stripping adjustments.

800

700

600

500

400

300

200

100

0

Gold Production (‘000 oz)

Avg. C$749/oz

1.6

1.4

1.2

1.0

0.8

0.6

0.4

0.2

0

1.8

Grade (g/t Au)

Avg. 657,000 oz/yr

2013 Guidance ]

900

850

800

750

700

650

600

550

Total Cash Costs (C$/oz)

950

1000 900

2013 Guidance

Page 27: Detour Gold Corporate Presentation

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@ US$850/oz Tonnes

(millions)

Grade

(g/t)

Contained Gold

(‘000 oz)

Reserves (1)

Proven 101.6 1.29 4,222

Probable 368.4 0.96 11,351

P&P 470.0 1.03 15,573

Resources (2)

Measured 124.5 1.36 5,424

Indicated 554.3 1.00 17,836

M&I 678.8 1.07 23,261

Inferred 208.5 0.86 5,785

1. After a 95% mining recovery rate; Mining dilution factor of 15.5%.

2. Inclusive of mineral reserves.

Detour Lake Reserves & Resources

As at December 31, 2011

Page 28: Detour Gold Corporate Presentation

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2012 completed DH

Historical DH

Block A near-surface resource

Detour Lake

2011 year-end reserves = 15.6 M oz DH included in 2011 year-end reserves

DH not included in 2011 year-end reserves

Detour Lake & Block A

Page 29: Detour Gold Corporate Presentation

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Gerald Panneton

Founder, President & CEO

Michael Kenyon

Executive Chairman

Paul Martin CFO

Pierre Beaudoin Chief Operating Officer

Julie Galloway Sr VP General Counsel &

Corporate Secretary

Derek Teevan

Sr VP Corporate &

Aboriginal Affairs

Pat Donovan VP Corporate Development

James Mavor

VP Finance

Rachel Pineault VP HR & Northern Affairs

James Robertson

VP Environment &

Sustainability

Eric Josipovic Controller

Drew Anwyll MGM/Director of Operations

Andrew Croal

Director Technical Services

Laurie Gaborit Director Investor Relations

Jean-Francois Metail

Director Reserves and Resources

Greg Miazga

Director Construction & Engineering

Bill Snelling

Director Corporate Systems & Controls

Rickardo Welyhorski Director Mineral Processing

Christian Brousseau

Process Plant Construction Manager

Charles Hennessey

Deputy General Manager/Process

Plant Manager

Patrik Gillerstedt Mine Manager

Peter Crossgrove

Louis Dionne

Robert E. Doyle

André Falzon

Gerald Panneton

Jonathan Rubenstein

Graham Wozniak

Ingrid Hibbard

Michael Kenyon

Alex G. Morrison

Management & Directors Management

Directors

Page 30: Detour Gold Corporate Presentation

30

Gerald Panneton President & CEO

Email: [email protected]

Phone: 416.304.0800

Laurie Gaborit Director Investor Relations

Email: [email protected]

Phone: 416.304.0800

www.detourgold.com

Contact Information