21st Annual BMO Capital Markets Global Metals & Mining Conference

Building Canada’s
Largest Gold Mine 21st Annual BMO Capital Markets
Global Metals & Mining Conference
Production Early 2013 February 26-29, 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 “Risk Factors” in Detour Gold’s February 7, 2012 short form prospectus 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 phase (52%) progressing on schedule
 One of the best cash flow/share opportunities
 Excellent organic growth potential (5 year plan)
 Potential expansion of mill throughput
 Gold production starting in 1Q 2013


Capital Structure

Issued and Convertible Options & FN Share Fully Diluted:
Commitments:
Outstanding: + Notes: +
112.5 M 13.0 M 7.8 M
= 133.3 M

 Market cap: C$3.1 Billion
 Cash position: C$1.0 Billion
 Major shareholders:
Paulson & Co. 15% Detour Lake
Fidelity Mgmt 8%
Detour Gold Mgmt <2%
Institutions total >90%


Strong Share Performance
1100%
Share Issuance vs. Performance DGC equity financings
1000%

900%
708% total return
800%
since IPO
Jan. 2007 to Present Total Return

DGC
08/11 DGC
700% 01/12

600% DGC
07/10
500%

DGC
400% 04/08 Randgold
DGC
300%
11/09 Osisko
DGC (224%)
Buenaventura
200%
07/09 Eldorado
AGI
100% Aurizon IMG Newcrest
CG G
IPO NEM ABX Minefinders Yamana
Gabriel
0% Kinross Great Basin
GSC Anglo Gold Ashanti Hecla
AuRico
Goldfields AEM Andina
Eco Oro Source: BMO, Feb. 2012
-100%
0 50 100 150 200
Jan. 2007 to Present % Change in Shares Outstanding


Successful Focused Approach

DETOUR LAKE: Production
RECORD TIMING FROM “DISCOVERY” 2013
TO PROJECTED PRODUCTION

6 years Development
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
 230 Kv transmission line connection in 3Q
 Updated mine plan & operational forecast in 3Q
 Ore stockpile of 3 Mt available in 4Q for processing
 Mine construction completion by year-end
 Manpower ramp-up for operations (from 100 to 400)
 Delivery of 12 haul trucks and 2 cable shovels
 Drilling programs:
 50,000 m on Block A open pit & initiate pre-feasibility study
 20,000 m on targeting high-grade mineralization on the Lower
Detour Lake structure


Growing Reserve/Resource Base
RESOURCE GROWTH EXCEEDING 650% SINCE IPO
Date Accumulative
DGC Drilling Resources/Reserves (M oz) Inferred M&I 2P

2005-05 1.7 Estimated by Pelangio
2006-09 3.4 DGC due diligence
2007-12 50,000m 7.8
2008-06 123,000m 13.2
2009-09 249,000m 8.8 22.4
2010-06 334,000m $850/oz 11.4 21.0
2011-01 430,000m $850/oz 14.9 25.6
2012-01 523,000m $850/oz 15.6 29.0


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 < $15/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.


Positive Economics @ 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
Cash costs (C$/oz)(2) 543
Initial Capex (C$ 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.


Projected Cash Costs at Lower End
G&A and Royalty
$ 700 Other $19
$ 649 $37
$ 616
$ 600
$ 593
$ 543 Milling Mining
$190 $297
$ 500

$ 400
Consumables 25%
Maintenance 24%
Operating Cash Costs Personnel 14%
Junior Senior Intermediate Detour Gold Power 13%
Producers Producers Producers LOM Estimate (1)
C$543/oz (1)
Diesel 13%
G&A 7%
2012E Cash Cost Profile (US$/oz)* Royalty (2%NSR) 4%

*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, Centamin Egypt, Centerra, Eldorado, Harmony, IAMGOLD, New Gold, Osisko, Petropavlovsk, Randgold and SEMAFO
Junior Producers include: Alamos Gold, AuRico, Aurizon, Avion, Avocet, CGA Mining, Cluff Gold, Dundee Precious Metals, Golden Star, Great Basin Gold, Kingsgate, Lake Shore,
Minefinders, OceanaGold, Primero, Resolute, San Gold and Teranga

1. Based on March 2011 Technical Report.


Substantial Cash Flow per Share
STRONG FUNDAMENTALS
P / NAV Market Cap Reserves Resources 2014 2014 CF P/2014 CF 2014 CFPS
$M M oz M oz Production $M
000’s oz

Goldcorp 1.2x $ 41,069 87.2 142.0 3,714 $ 3,246 12.4x $ 3.90
Newmont 1.2x $ 31,013 933.5 137.6 5,803 $ 4,244 7.2x $ 8.48
Barrick 1.1x $ 49,600 158.1 283.6 8,610 $ 7,621 6.5x $ 7.61
Kinross 0.9x $ 12,919 65.0 110.6 3,397 $ 2,048 6.3x $ 1.79

Intermediate Producers (Average 1.1x)
Randgold 1.7x $ 10,638 16.4 28.8 1,069 $ 823 12.9x $ 8.89
Yamana 1.2x $ 12,953 17.7 39.7 1,639 $ 1,469 8.8x $ 1.96
Eldorado 1.0x $ 10,879 28.8 44.0 1,486 $ 1,209 8.9x $ 1.70
Osisko 0.9x $ 4,929 10.7 23.2 606 $ 443 10.7x $ 1.11
IAMGOLD 0.9x $ 6,341 14.2 25.7 999 $ 691 9.1x $ 1.83
Agnico-Eagle 0.9x $ 6,376 21.8 38.3 1,456 $ 834 7.6x $ 4.89

LOM Avg.
Developers (Average 0.7x)
Detour Gold 0.7x $ 3,119 15.6 29.0 650 $ 400 $ 3.40

Source: Bloomberg and Company Reports, Equity Research and Thomson Financial at February 2, 2012.
Note: NAV per share figures are based on equity research consensus; production, cash cost and cash flow per share figures are based on BMO
Equity Research. Resources shown inclusive of reserves. Consensus for gold price is US$1,200/oz.


1 Mine Offering Superior Cash Flows

$10
Estimated Avg. CFPS Gold Price (US$)
$ 1,800 $8
$ 1,600 $6
$ 1,400
$ 1,200 $4

$2

$0
Estimated Avg. Annual Gold Production (oz)
800,000

600,000

400,000

200,000

2013 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33
Based on 2010 Year-end Mineral Reserve Update (@ US$850/oz)
Note: CFPS based on shares outstanding: 110 M shares for 2013 and 114 M shares for 2014; parity exchange
rate; reported after interest & taxes; assuming that “Notes” are paid in cash.


Mine Site
Construction
Progressing on Schedule


Detour Lake Development Progress

Capital Expenditures (C$ M)
Spent Committed Project Control Project Control
Description Dec. 31, Dec. 31, Estimate Estimate
2011 2011 (as of 06/2011) (as of 11/2011)

Mining Fleet and Facilities 85 131 172 203
Crushing and Processing (P&E) 191 486 455 565
Tailings and Water Mgmt 9 49 58 65
Infrastructure and Power line 102 137 123 156
Other Indirect 133 193 271 310
EPCM 64 95 102 101
Contingency (10%) - - 100 50
Total (pre-production) 585 1,091 1,281 1,450

PROJECT CONSTRUCTION 52% COMPLETE


2012 Operational Readiness Plan

Ore ready to be processed by the fourth quarter of 2012
 2012 investment of $78 M for pre-strip activities
 3 Mt of ore ready for process

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


Initial Mining Fleet at Site
 8 CAT 795F trucks at site Loading Units
(2 supplied by CAT)
3 X Hydraulic CAT6060 (25 m3)
 Supply of 73 Bridgestone tires to date
2 X Electric cable shovels (45 m3)
 2 CAT6060 shovels assembled
Haulers
23 X CAT 795F trucks (320 t);
30-35 at peak of operation


Detour Lake Development Progress
 Detailed engineering is 99%
complete
 Over 97% of major contracts are
awarded
Detour Lake
 Permanent camp construction
underway 45 km
Powerline
Gravel (34 km)

 Second segment of powerline
(45 km) in progress Paved road (151 km)

 Delivery of mill equipment at site
 MPEI activities started at
processing plant
 Pre-stripping program ongoing


Detour Lake
Mining Facilities

© 2011 Detour Gold All Rights Reserved.
Note: Open pit reserves using US$850/oz gold 20
20

Processing Plant Facilities

Gyratory crusher

Sub-station

Leach tanks
(20) area SAG & Ball mills

Pre-detox
thickener

12-02-02


Primary and Secondary Crushers

Secondary crushers

Stockpile
reclaim

Primary (gyratory) crusher
capacity of 100,000 tpd

12-02-02

Leach Tanks

12-02-02

Overview Detour Lake Facilities

12-02-02

Permanent Camp

12-02-02

Simple Process Plant
 Conventional gravity and CIP plant
 55,000-61,000 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

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 60,000 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)
 Follow up on prior high-grade gold mineralized drill hole intercepts
(53 g/t Au over 3 m)
 20,000 m of diamond drilling along a 5 km corridor
 IP geophysical survey on the remaining belt



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.


+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).


Current 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 within 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 phase (52%) progressing on schedule
 One of the best cash flow/share opportunities
 Excellent organic growth potential (5 year plan)
 Potential expansion of mill throughput
 Gold production starting in 1Q 2013


Additional
Information


Detour Lake – Surface Plan

May 2010 reserves =
2011 Year-end reserves 11.4 M oz
= 15.6 M oz


Detour Lake – Long Section

Looking 20,070 N

QK Zone


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  Drew Anwyll, Director of Operations
 Paul Martin, CFO  Bill Snelling, Director Corporate Systems
 Pierre Beaudoin, Sr. VP Capital Projects and Controls
 James Mavor, VP Finance  Patrik Gillerstedt, Mine Manager
 Pat Donovan, VP Corporate Development  Andrew Croal, Dir. Technical Services
 Julie Galloway, VP General Counsel &  Laurie Gaborit, Dir. Investor Relations
Corporate Secretary  Greg Miazga, Dir. Construction &
 Rachel Pineault, VP HR & Northern Engineering
Affairs  Christian Brousseau, Project Manager
 James Robertson, VP Environment &
Sustainability

Directors
Peter Crossgrove Michael Kenyon
Louis Dionne Alex G. Morrison
Robert E. Doyle Gerald Panneton Ron Thiessen
Ingrid Hibbard Jonathan Rubenstein 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


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