BUILDING CANADA S LARGEST GOLD MINE Production Early 2013 1 Mining Ready Summit October 23, 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, and plans for organic growth. 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. 2
Invest in Detour Gold Our Vision Focus on a world-class asset Detour Lake Canada s largest pure gold play with 15.6 M oz in reserves Construction progressing on schedule (92% as of September 30) One of the best cash flow/share opportunities Gold production starting in Q1 2013 Average annual gold production of 657,000 oz Excellent organic growth potential (5 year plan) Potential expansion of mill throughput 3
Building Canada s Largest Gold Mine 4 Impact & Benefit Agreements 5 Completed Environmental Assessments Largest open pit mine in Canada Largest equipment fleet in Eastern Canada $400M in aboriginal business participation 23% aboriginal employment Significant share ownership by our Aboriginal partners All possible with the support of our Aboriginal partners! 4
Successful Focused Approach Record Timing from Discovery to Projected Production Detour Lake in 6 years 2007 2009 2010 2011-12 2013 PRODUCTION 2013 ACQUISITION /DISCOVERY PRE-FEASIBILITY STUDY FEASIBILITY STUDY & PERMITTING DEVELOPMENT PRODUCTION 5
Detour Lake: We are on Schedule Gold Production Projected in Q1 2013 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-production stripping Process Plant - Commissioning start-up Tailings Dam Construction (first cell) Provincial Permits/Aboriginal IBAs Federal Permits Start production and ramp-up 6
7 DETOUR LAKE CONSTRUCTION Progressing on Schedule
Mining is Ramping Up MINERALIZED ZONE NORTH WASTE DUMP PLANT SITE CAMPBELL PIT CURRENT PIT SHAPE JULY 2012 APPROX. PIT SHELL AT END OF 2014 8
Overview Detour Lake Facilities PROCESSING PLANT STOCKPILE RECLAIM TRUCK SHOP & WAREHOUSE TRUCK WASH MINE OFFICES 12-08-20 9
Overview Detour Lake Facilities SECONDARY CRUSHERS GEODESIC DOME STOCKPILE RECLAIM PRIMARY CRUSHER 12-08-20 10
Detour Lake Employees & Contractors Construction Phase +1,400 workers (at Sept. 30, 2012) Support for aboriginal employment & training Aboriginal employment at approx. 23% Operation Phase (Starting 2013) 400-500 employees Rotation 1 week in/out New modern camp facilities with 400 en-suite rooms completed 11
Focus: Maximizing Economic Benefit Detour Gold has an agreement in place with each of our four Aboriginal partners and commitments to maximize the economic benefits of the project through the participation of aboriginal business and aboriginal community members. FRONT LINE Moose Cree 81% First Nation Wahgoshig First Nation PROFESSIONAL Taykwa Tagamou Nation 19% Metis Nation of Ontario NORTHERN ONTARIO 12
Focus: Facilitating Capacity Detour Gold uses a mixture of formal and informal methods to work with our Aboriginal partners to foster increased business capacity. Use of Aboriginal FRONT LINE Business Registry maintained by local communities 81% Reserve specific construction & operations contracts for our PROFESSIONAL aboriginal partners 19% Ongoing dialogue between Aboriginal partners to maximize participation in the economic spin-offs Provision of feedback to Aboriginal partners 13
Focus: Supporting Aboriginal Business Aboriginal Business Participation as of August 2012: >$400,000,000 Aboriginal businesses participated in several of the largest FRONT LINE construction contracts at the Detour Lake project site (ranging in value 81% from $20M - $80M). PROFESSIONAL Concrete Works 19% Excavation Earthworks & Concrete Transmission Line Construction Site Services Tailings Management Area Construction NORTHERN ONTARIO 14
Overview of Construction Contracts Major Contracts (>$20M) Concrete Works Excavation Earthworks & Concrete Transmission Line Construction Site Services Tailings Management Area Construction Other Opportunities (< $20M) Pre-fleet Stripping & Development Construction Camp Supply Catering & Janitorial Services Fuel Transportation Employee Transportation Cargo Yard Management 15
Supporting Aboriginal Business The mine construction phase is a period of intense, high value contracting. It can be a challenging process for those with minimal exposure to large scale resource development projects. Businesses looking to participate in the construction phase must be able to demonstrate: Competitive pricing (where are you in relation to your competitors?) Ability to perform the work (what is your experience on similar projects?) Benefit to the aboriginal community (employment, training, subcontracting, etc.) 16
Meegwetch Thank you 17
Contact Information Leonard Rickard Aboriginal Affairs Manager Email: lrickard@detourgold.com Phone: 705.271.5115 www.detourgold.com 18