Denver Gold corporate presentation

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Denver Gold Forum

September 22-25, 2013

CANADA’S NEXT INTERMEDIATE GOLD PRODUCER

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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 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.

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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.

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Invest in Detour Gold

Our Vision

Become a leading intermediate gold producer and

premier investment opportunity

Execution Discipline Focus

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Focused on One Core Asset

DETOUR LAKE – ONTARIO, CANADA

Low-risk, safe mining jurisdiction

100% owned large prospective land package of

630 km2 on Abitibi Greenstone Belt

› High quality, long life producing open

pit mine (15.6 M oz in reserves)

› Significant potential for production

growth

› Exploration upside for high-grade

mineralization

ONTARIO

Toronto

Timmins

DETOUR LAKE MINE

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Note: Cash position at June 30, 2013 and share data at August 31, 2013. Conversion price for the

Notes is US$38.50.

Share Capital

FULLY DILUTED

161.7 M

OPTIONS & FN SHARE

COMMITMENTS

10.6 M

CONVERTIBLE

NOTES

13.0 M

ISSUED AND

OUTSTANDING

138.1 M C$1.3 B

C$207 M

TOP SHAREHOLDERS

MARKET CAP

CASH POSITION

PAULSON & CO: 15%

INSTITUTIONS TOTAL: >80%

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Execution = Detour Lake in 6 Years

2013

Built Detour Lake on schedule

Started gold production in February

Reached commercial production in August

ACQUISITION /DISCOVERY

2007

PRE-FEASIBILITY STUDY

2009

FEASIBILITY STUDY & PERMITTING

2010

DEVELOPMENT

2011-12

PRODUCTION

2013

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Strategy = Focused on Profitability

Objectives:

Deliver on operational performance

Generate positive cash flows

Use cash flow to fund future organic

growth

Provide return on capital

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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

Produced 74,738 ounces of gold in H1

H2 2013

Reached commercial production in August

Gold production target of 270,000 oz for the year

Year-end mineral resources/reserves update

2013 Objectives

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Key Statistics

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

Commercial production declared

on September 1, 2013

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Processing Plant

55,000 tpd conventional gravity and

CIP processing plant with two

production lines

Primary crusher (90,000 tpd capacity)

Each line has 1 secondary crusher,

1 pebble crusher, 1 SAG and 1 ball mill

Mine Operations

Mining rates to +200,000 tpd by year-

end

Mining fleet of 20 haul trucks & 5

shovels (incl. 2 rope shovels)

Stockpile availability

Detour Lake Mine Ramp Up

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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) 16,841 57,897

H1 2013 - Operation Statistics

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2013 Ramp-up Guidance

Guidance 2013 Estimate

Gold production 270,000 oz

Total cash costs (1) US$1,100/oz

Sustaining capital (2) C$192 M

Availability and recoveries continue to

trend in a positive direction

Mining rates increasing towards target

rate of +200,000 tpd

Hiring contractor in Q4 for pre-stripping

(adds US$100/oz in operating costs for

Q4 2013)

(1) For period September to December 2013 (post-commercial production). (2) Advancing purchase of 3 haul trucks to 2013.

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Near-term Agenda: At the Mine

Mine Operations:

Open-up the pit to allow for increased flexibility in mining plans

Increase access to higher grade ore

Continue to improve:

› Shovel productivity with increased blasted inventory

› Haul truck cycle

› Haul road and pit floor quality

› Pit de-watering

Next Focus: Lowering Costs Production Growth

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Near-term Agenda: At the Mill

Processing Plant:

Target +50,000 tpd capacity by year-end

› Improve availability (less unplanned downtime)

› Increase utilization

Improve gold recovery

› Maximize use of gravity circuit

› Optimize leach circuit


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Near-term Results: Free Cash Flow

Cost Reductions:

Mining and milling unit costs to improve with increased

volume and efficiency - economy of scale

Reduce current Tailings Facility costs – construction change

from “downstream” to approved “center line” design

Opportunity to reduce power costs with Ontario provincial

program


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Looking at 2014 and Beyond

In Progress:

Year-end reserve and resource update

› New pit shell for Detour Lake (2011 drilling)

› Block A in resource category (2012 drilling)

Detailed mine production plan for 2014

Optimize 5-year production schedule

Evaluate capacity expansion from 55,000 to 61,000 tpd

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Long-term growth of reserve base to

+20 M oz

› Reserve/resource update for

Detour Lake mine and Block A

Large prospective land position of

630 km2

› Focus on high-grade gold

targets:

› Discovery of Zone 75 with

17.33 g/t over 4.4 m

Inferred M&I P&P

10M oz

20M oz

30M oz

15.6 14.9

11.4

8.8

Organic Growth Opportunities

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

Lower Detour Area

15.6 M oz in Reserves


630 km2

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Organic Growth Opportunities 25,000 m of drilling

in Q1 2013

17.33/4.4

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Long Section across Zone 75


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Near-term objectives (1-3 years):

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

Evaluation of potential expansion options

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Invest in Detour Gold

Our Vision

Become a leading intermediate gold producer and

premier investment opportunity

Execution Discipline Focus

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ADDITIONAL INFORMATION

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Detour Lake Profile

Detour Lake

Sept. 2012

Mine Plan(3)

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

Foreign exchange rate (US$/Cdn$) 1.00

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

Strip ratio (waste:ore) 3.7

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.

As

su

mp

tio

ns

M

ine

Pa

ram

ete

rs

@ 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.

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Projected LOM Profile

Note: Excludes stripping adjustments.

800

700

600

500

400

300

200

100

0

Gold Production (‘000 oz)

LOM 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)

LOM Avg. 657,000 oz/yr

900

850

800

750

700

650

600

550

Total Cash Costs (C$/oz)

950

1000 900

Based on September 2012 Mine Production Plan

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MAINTENANCE

LABOUR POWER

DIESEL

G&A

ROYALTY+

OTHER

(2% NSR)

CONSUMABLES

29%

22%

18% 12%

8%

5%

6%

Breakdown of 2013-14 TCC

A 10% change in: Diesel or power costs = $9/oz change in TCC

Cdn$ FX rate = $63/oz in TCC

Projected LOM Operating Costs

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

Based on September 2012 Mine Production Plan

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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

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

< 0.3

< 0.5

< 0.8

< 2.0

> = 2.0

Block Gold Grade (g/t)

Be

nc

h 6

25

2m

B

en

ch

62

40

m

Pit Contour at July 31, 2013

Grade Control Data Limit

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

Be

nc

h 6

22

8m

< 0.3

< 0.5

< 0.8

< 2.0

> = 2.0

Block Gold Grade (g/t)

Pit Contour at July 31, 2013

Grade Control Data Limit

RC 40X10m

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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

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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:

569 full-time employees*

92% of workforce from region

25% are Aboriginals

Scholarship and job training

Supporting local communities

Business opportunities

Participation in municipal development

Corporate philanthropy

NORTHERN

ONTARIO

39%

COCHRANE

24%

COCHRANE

AREA

29%

REST OF

ONTARIO

5%

3% OTHER

Corporate Responsibility

WORKFORCE ORIGIN

* As of August 31, 2013.

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Analyst Coverage

Initiating

Research Firm Analyst

07.06.11 Haywood Securities Kerry Smith

07.07.09 Paradigm Securities Don Blyth/Don MacLean

07.08.07 Raymond James Phil Russo

07.11.26 National Bank Financial Steve Parsons

07.12.20 Macquarie Capital Markets Mike Siperco

08.01.14 Canaccord Genuity Rahul Paul

08.07.14 TD Securities Dan Earle

08.09.04 RBC Capital Markets Dan Rollins

08.11.06 BMO Capital Markets John Hayes

09.06.17 Laurentian Bank Securities Eric Lemieux

10.05.19 CIBC World Markets Cosmos Chiu

10.07.22 Credit Suisse Securities Anita Soni

11.07.15 Bank of America Merrill Lynch TBA

13.04.16 Scotia Capital Leily Omoumi

13.08.14 Desjardins Capital Markets Michael Parkin

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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 & Aboriginal Affairs

James Robertson VP Environment &

Sustainability

Drew Anwyll MGM/Director of Operations

Andrew Croal Director Technical Services

Laurie Gaborit Director Investor Relations

Jean-Francois Metail Director Reserves and Resources

Bill Snelling Director Corporate Systems & Controls

Rickardo Welyhorski Director Mineral Processing

Charles Hennessey Process Plant Maintenance Manager and

Deputy Mine General Manager

Joshua Hurrell Acting Mine Manager - Chief Geologist

Mike Papadakis Process Plant 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

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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

Denver Gold corporate presentation

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