July 24, 2012 Corporate Presentation

Building Canada’s
Largest Gold Mine Corporate Presentation
Production Early 2013 July 24, 2012

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 reserve and resource
estimates, ore grade, expected mine life, anticipated gold production, gold recovery, cash operating costs and other costs, capital
costs, sensitivity to metal prices and other sensitivities, financial analysis of the project, commencement of operations, potential
expansion opportunities, plans for organic growth and expected drilling activities. 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 2011 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 supply and demand for gold, and the level and volatility of the price of gold; the availability of financing for
exploration and development activities; the estimated timeline for the development of the Detour Lake gold project; the expected
mine life; anticipated gold production; gold recovery; the development schedule; cash operating costs and other costs; the financial
analysis for the project; capital costs; sensitivity to metal prices and other sensitivities; the accuracy of reserve and resource
estimates and the assumptions on which the reserve and resource estimates are based; the receipt of necessary permits; 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.

© 2011 Detour Gold All Rights Reserved. 2

NI 43-101 Disclosure

Information Concerning Estimates of Mineral Reserves and Resources

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 January 31, 2011, Detour Gold announced an updated mineral resource and reserve estimate. The following QPs participated in
this update: Michel Dagbert, Eng., Senior Geostatistician and André Laferrière, P. Geo., Senior Geologist of SGS Canada Inc.
(mineral resources); and André Allaire, Eng., Director Mining and Metals and Patrice Live, Eng., Mining Manager of BBA Inc (mineral
reserve). The NI 43-101 compliant Technical Report for this update was filed on SEDAR on March 15, 2011.

On January 25, 2012, Detour Gold announced a mineral resource and reserve update. The following QPs participated in this update:
Michel Dagbert, Eng., Senior Geostatistician of SGS Canada Inc (mineral resources) and Patrice Live, Eng., Mining Manager of BBA
Inc (mineral reserves).


Invest in Detour Gold

 Focus on a world-class asset – Detour Lake
 Canada’s largest pure gold play with 15.6 M oz in reserves
(@ US$ 850/oz gold price)
 Construction progressing on schedule (75% as of June 30)
 One of the best cash flow/share opportunities
 Gold production starting in Q1 2013
 Excellent organic growth potential (5 year plan)
 Potential expansion of mill throughput


Share Capital

Issued and Convertible Options & FN Share Fully Diluted:
Commitments:
Outstanding: + Notes: +
112.6 M 13.0 M 8.7 M
= 134.3 M

 Market cap: C$2.4 Billion
 Cash position: C$576 Million
 Major shareholders:
Paulson & Co. 15% Detour Lake
Fidelity Mgmt 8%
Detour Gold Mgmt <2%
Institutions total >90%

Note: Share data and cash position as of June 30, 2012.


Strong Share Performance
1000%
Share Issuance vs. Performance DGC equity financings
900%
DGC
08/11
800%
500% total return
since IPO
Jan. 2007 to Present Total Return

700%
DGC
DGC 01/12
600% 07/10

500%
DGC
400% 04/08
DGC
Randgold
11/09
300%

Buenaventura DGC
200% 07/09
Eldorado Osisko
AGI
100% (239%)
Aurizon G
IPO IMG Yamana Newcrest
NEM ABX
AEM Great Basin
0% Anglo Gold Ashanti AuRico (209%)
CG Hecla
Goldfields Kinross
Gabriel Eco Oro
GSC Andina Source: BMO, June 2012
-100%
0 50 100 150 200
Jan. 2007 to Present % Change in Shares Outstanding


Successful Focused Approach

DETOUR LAKE: Production
RECORD TIMING FROM 2013
“DISCOVERY” TO PROJECTED
PRODUCTION
Development
6 years 2011-2012

Feasibility Study
& Permitting
2010
Pre-feasibility
Study
2009
Acquisition/
Discovery
2007


Detour Gold 2012 Objectives
 Mineral reserves/resources update for 2011 year-end
 Top up of $277 million to complete the project and working capital
 Second 45 km segment of transmission line complete
 230 kV transmission line connection in Q3
 Updated mine plan & operational forecast in Q3
 Ore stockpile of 3 Mt available in Q4 for processing
 Process plant commissioning in Q4
 Manpower ramp-up to 400 (now 277 employees at site and Cochrane)
 Delivery of 12 haul trucks and 2 cable shovels


Growing Reserve/Resource Base
RESOURCE GROWTH EXCEEDING 750% SINCE IPO
Date Accumulative
DGC Drilling Resources/Reserves (M oz) Inferred M&I 2P
10M 20M 30M
2005-05
Estimated by Pelangio
2006-09 DGC due diligence
2007-12 50,000m

2008-06 123,000m

2009-09 249,000m 8.8

2010-06 334,000m $850/oz 11.4

2011-01 430,000m $850/oz 14.9

2012-01 523,000m $850/oz 15.6


Detour Lake Reserves & Resources

As at Dec. 31, 2011
Tonnes Grade Contained Gold
@ US$850/oz
(millions) (g/t) (‘000 oz)
Reserves (1)
Proven 101.6 1.29 4,222 DISCOVERY COST
Probable 368.4 0.96 11,351 < $10/oz OF
P&P 470.0 1.03 15,573
Resources (2)
RESERVES
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 Profile (@ US$850/oz)
January 2012
Detour Lake update

Production start Q1 2013
OP reserves (M oz) 15.6 Open pit
Mill throughput (tpd) 55,000 @ 0.5 g/t cut-off 20,600E
Strip ratio (waste:ore) 3.6
Gold recoveries 91%
Average grade (g/t) 1.03
Estimated mine life (yrs) 22
Avg. production (oz/yr)(1)(2) 657,000
16,500E
Initial Capex (C$ B)(3) 1.45

>1.0 g/t Au

700 m 0.5 - 1.0 g/t Au

1. After full commissioning in Yr 1. <0.5 g/t Au
2. Based on March 2011 TR.
3. Initial capex revised in November 2011.


Total Cash Costs
Since 2010 (release of Feasibility Study),
$ 800 $ 796
inflationary pressure seen in operating costs

$ 706 $ 706 Approx. % of total cash cost/oz in FS1
$ 700

Maintenance Consumables

$ 600
24% 25%

$ 500 Royalty 4%
(2% NSR) 14% Labour
7%
G&A
Junior Senior Intermediate
Producers Producers Producers
13%
13%
Diesel
2012E Cash Cost Profile (US$/oz)* Power

*Source: BMO Equity Research
Seniors Producers include: Agnico-Eagle, AngloGold Ashanti, Barrick, Gold Fields, Goldcorp, Kinross, Newcrest, Newmont, Polyus and Yamana.
Intermediate Producers include: African Barrick, Alacer, AuRico, Centamin Egypt, Centerra, Eldorado, Harmony, IAMGold, New Gold, Osisko, Petropavlovsk, Randgold and SEMAFO.
Junior Producers include: Alamos Gold, Aurizon, Avion, Avocet, CGA Mining, Cluff Gold, Dundee Precious Metals, Golden Star, Great Basin Gold, Kingsgate, Lake Shore,
OceanaGold, Perseus, Primero, Resolute, San Gold and Teranga.

1. Total estimated cash cost of US$543/oz based on March 2011 TR using cost parameters from feasibility study, including US$850/oz gold price
and US$80/barrel oil.


Mine Site
Construction
Progressing on Schedule


Detour Lake: We are on Schedule
2010 2011 2012 2013
Construction Schedule Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

Award of Engineering Contract

Award of PCM Contract

Detailed Engineering

Construction camp (1,200 people)

Power line (Phase 1&2) – Electrification 1 2
Equipment purchase/delivery & assembly

Pre-stripping

Process plant – Commissioning start-up

Tailings dam construction (first cell)

Provincial Permits/Aboriginal IBAs

Federal Permits

Start production and ramp-up

GOLD PRODUCTION PROJECTED IN 1Q 2013


Detour Lake: We are on Budget

Capital Expenditures (C$ M)
Spent Committed Project Control
Description June 30, June 30, Estimate
2012 2012 (as of 11/2011)

Mining Fleet and Facilities 142 181 203
Crushing and Processing (P&E) 421 610 565
Tailings and Water Mgmt 16 45 65
Infrastructure and Power line 139 150 156
Other Indirect 167 206 310
EPCM 84 100 101
Contingency (10%) - 1 50
Total (pre-production) 969 1,294 1,450

PROJECT CONSTRUCTION 75% COMPLETE


2012 Operational Readiness Plan

Ore ready to be processed by the fourth quarter of 2012
 Pre-production capital costs include $78 M for pre-strip activities
 10 Mt mined to date with daily rates >100,000 t
 Plan to have up to 3 Mt of ore ready for process

2012 Pre-Stripping PROJECT CHANGE
Feasibility PCE Status
Study (11/2011) (06/30/2012)
OF SCOPE
=
Overburden/Till 16 Mt 21 Mt 7.0 Mt A BENEFIT
Waste - 10 Mt 2.4 Mt
Ore 3 Mt -
Ore available for
Estimated Cost C$30 M C$78 M - processing in 2012


Mining is Ramping Up


Initial Mining Fleet at Site
 8 CAT 795F trucks operational + 6 assembled Loading Units
(includes 2 supplied by CAT);
3 X Hydraulic CAT6060 (25 m3)
 2 CAT 6060FS shovels in operation
2 X Electric cable shovels (48 m3)
 Shovel CAT 7495 (48 m3) to be ready
late summer Haulers
23 X CAT 795F trucks (320 t);
30-35 at peak of operation


Detour Lake Development Progress
 Second 45 km segment of
powerline complete
 Pre-stripping program ongoing
 Installation of mill equipment
Detour Lake
underway (first grinding line
mechanical installation is 90% 45 45 km
km
Powerline
Powerline
Gravel (34 km)
complete)
 Installation of equipment in gold Paved road (151 km)

room underway
 Commissioning with water started
for leach tanks
 Truck wash facilities complete
 Permanent camp construction
completed


Detour Lake
Mining Facilities

© 2011 Detour Gold All Rights Reserved.
Note: Open pit reserves using US$850/oz gold 21
21

Overview Detour Lake Facilities

Processing Plant

Truck Shop &
Warehouse
Truck Wash

Mine Offices

12-06-08

Overview Detour Lake Facilities

Secondary
Crushers

Stockpile
Geodesic Reclaim
Dome

Primary
Crusher

12-07-13

Primary Crusher (up to 100,000 tpd capacity)

12-07-13

Surface

Gyro is
9 m high
35 m


Stockpile Reclaim

12-06-08
Secondary
and Pebble
Crushers

Geodesic Dome for
Stockpile Reclaim
12-07-13


Processing Plant Building

Ball Mills

SAG Mills

12-06-08

Processing Plant Building
CIP Tanks

Pumps

12-06-08

Hydrocyclones


Simple Process Plant
 Conventional gravity and CIP plant
 55,000 tpd (=92% availability of 60,000
tpd capacity)
 2 parallel lines (each with 1 secondary
cone crusher + 1 SAG and 1 ball mill) A

 Estimated gravity recovery: 30-40%
 Estimated overall gold recovery: 91.0%
A  Leach time 29 hours
 Leach feed size 80% passing 95 μm

Detour Lake Employees & Contractors
Construction Phase Operation Phase (Starting 2013)
 >1,550 workers (currently)  400-500 employees
 Ramping up DGC team (277)  Rotation 1 week in /out
 New modern camp facilities with
400 en-suite rooms completed


Focus: Hiring Local First
Yr-end 2012 Employment Objective:
301/400 as of June 30, 2012*
3% 2%

24%
28%

43%

76% 24% Cochrane
Professional Cochrane Area
Front Line Northern Ontario
Rest of Ontario
Other
 Professional are: MGMT, Eng., Geo., Supt.
 Front Line are: Operators, Admin, Support
 Continuing focus on hiring local/regional
 25% of employees are Aboriginals

* Includes Corporate office.


Planning for Organic
Growth
Under-explored Greenstone Belt


Planning for Organic Growth
5 yr plan for successful organic growth
Large prospective land position of approx. 540 km2
 Land position increased with acquisition of Trade Winds properties
 Two main gold structures with total strike length of >80 km
 Continue focus on Detour Lake deposit extension (northern structure)
 Test targets on structure south of Detour Lake

Future Objectives
 Grow reserve base to +20 M oz (@ US$850/oz)
 Increase mill throughput to above 75,000 tpd for gold production
output of +800,000 oz/yr
 Find high-grade ore near-surface within trucking distance to
supplement mill


2012 Plan for Successful Organic Growth
Priority #1 on Block A
 Area between Block A open pit resource (M-Zone) and the
underground QK Zone discovered by Placer in mid-90’s
 Drilling program of 50,000 m in 1H 2012
 Start pre-feasibility study for small open pit (Block A resource)
 Advance exploration of QK underground zone

Priority #2 on Lower Detour Deformation Zone (+40 km)
 5,060 m of diamond drilling completed: N-S drill fence on high-grade drill
hole intercepts (53 g/t Au / 3 m & 22.6 g/t Au / 1 m)
 115 km of IP geophysical survey completed
 Geological and structural mapping; data compilation



2012 target

 Deposit open to the west and at depth
 +50,000 m of drilling for 2012 (Block A open pit above QK Zone)

*Not updated with TWD Dec. 30th PR. On Dec. 1, 2011, Detour Gold announced the acquisition of TWD.


Priority # 1 - Block A Target

Block A near-surface resource

2012 proposed DH
2012 extension DH
Detour Lake
DH included in 2011 year-end
reserves 2011 year-end reserves = 15.6 M oz
DH not included in 2011 year-end
reserves
Historical DH


•HQ geotechnical drill core (Golder and Ass.) is being stored on pallets at the McAlpine Camp until we can free up manpower to log it and prepare i

Priority # 1 - Block A Target

Block A
2012 Drilling Program

July 14, 2012

2012 proposed DH
2012 extension DH 2011 year-end reserves
2012 completed DH
Historical DH = 15.6 M oz
Cancelled or
not accessible



+80 km of favourable
geology

Sunday Lake Option

15.6 M oz in Reserves
Existing DDH
Insert- see next slide Gold occurrence (OGS)
DDH intersection >1g/2m
DDH intersection >1g/10m

MMI Survey Coverage
MMI Au Anomaly

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


Completed drilling



?

?


Evaluating Expansion Opportunities

 Best scenario is throughput
2012 increase from 55,000 to 75,000 tpd
@ US$1,200/oz
 Start pre-feasibility on Block A

 Complete feasibility study and
2013 assess technical feasibility and
resultant project economics

 At >US$1,000/oz and after
2014 successful commercial production
is achieved, proceed with plant
expansion
 Complete expansion in 2 years


Invest in Detour Gold

 Focus on a world-class asset – Detour Lake
 Canada’s largest pure gold play with 15.6 M oz in reserves
(@ US$ 850/oz gold price)
 Construction progressing on schedule (75% as of June 30)
 One of the best cash flow/share opportunities
 Gold production starting in Q1 2013
 Excellent organic growth potential (5 year plan)
 Potential expansion of mill throughput


Additional
Information


Detour Lake – Surface Plan
DH included in the 2011 year-end
reserves
DH not included in the 2011 year-end
reserves
Pre 2007 DH

2011 Year-end reserves
= 15.6 M oz


Detour Lake – Long Section

Looking 20,070 N

QK Zone

DH included in the 2011 year-end
reserves
DH not included in the 2011 year-end
reserves
Pre 2007 DH


Block Model - Gold Distribution
Approx. 3 M oz. between 0.3-0.5 g/t Au
1,600
OK (oz Au)
ID3 (oz Au)
1,400

1,200

1,000
Ounces (000’s)

800

600

400

200

0
0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 2.0 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 3.0
Cut-off BINs


Management & Directors
Management
 Gerald Panneton, Founder, President &  Derek Teevan, VP Aboriginal & Government
CEO, Director Affairs
 Michael Kenyon, Chairman  Eric Josipovic, Controller
 Paul Martin, CFO  Drew Anwyll, Director of Operations
 Pierre Beaudoin, Sr. VP Capital Projects  Andrew Croal, Dir. Technical Services
 Pat Donovan, VP Corporate Development  Laurie Gaborit, Dir. Investor Relations
 Julie Galloway, VP General Counsel &  Jean-François Métail, Director Reserves
Corporate Secretary and Resources
 James Mavor, VP Finance  Greg Miazga, Dir. Construction &
 Rachel Pineault, VP HR & Northern Engineering
Affairs  Bill Snelling, Director Corporate Systems
 James Robertson, VP Environment & and Controls
Sustainability  Christian Brousseau, Project Manager
 Patrik Gillerstedt, Mine Manager
Directors
Peter Crossgrove Ingrid Hibbard Gerald Panneton
Louis Dionne Michael Kenyon Jonathan Rubenstein
Robert E. Doyle Alex G. Morrison Graham Wozniak


Contact Information

Gerald Panneton, President & CEO
Email: gpanneton@detourgold.com
Ph: 416 304 0800
Laurie Gaborit, Director Investor Relations
Email: lgaborit@detourgold.com
Ph: 416 304 0800

www.detourgold.com


July 24, 2012 Corporate Presentation

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July 24, 2012 Corporate Presentation

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