CANADA S NEXT INTERMEDIATE GOLD PRODUCER 1 Nishnawbe Aski Development Fund Aboriginal Partnership Conference Timmins, Ontario May 30, 2013
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, the completion of a pre-feasibility study on Block A, 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. 2
NI-43 101 Disclosure Information Containing 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 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. 3
Detour Gold A case study We will use Detour Gold as a case study to provide real world examples of aboriginal involvement in mine construction and operations. We will focus on the following items:!!!! Project overview & update An overview of our aboriginal engagement strategy Implementation of four Impact & Benefit Agreements Working with diversity in the aboriginal community 4
Focused on One Core Asset Detour Lake - Ontario, Canada!! Located within the Treaty #9 area impacting three First Nations along with Métis rights holders!! Distinct cultural and linguistic differences between ourfour aboriginal partners!! DGC has a commitment to minimizing environmental impacts and maximizing economic benefits of the project for our aboriginal partners 5
Project Fact Sheet!! Detour Lake Mine is located approximately 185 km NE of Cochrane, Ontario!! Construction costs of ~$1.45 billion!! Up to 1700 people on site during the peak of construction!! It will be one of the largest gold mines in Canada once it is in full production 6
From Core to Pour Record Timing from Discovery to Production Detour Lake in 6 years 2007 2009 2010 2011-12 2013 PRODUCTION 2013 ACQUISITION /DISCOVERY PRE-FEASIBILITY FEASIBILITY STUDY STUDY & PERMITTING DEVELOPMENT PRODUCTION 7
Detour Lake Mine in 6 Years Success alongside our aboriginal partners!! Five environmental assessments!! Largest equipment fleet in Eastern Canada!! Completed mine construction within time frame (27 months)!! Four signed and ratified Impact and Benefit Agreements!! $400M in aboriginal business participation!! 28% aboriginal labour force participation 8
IMPLEMENTING Impact Benefit Agreements 9
Aboriginal Engagement Strategy!! Focuses on four primary areas: business development, employment & training, environment, and general implementation!! Our engagement approach is to be collaborative, supportive, and transparent we are not in the middle of nowhere we are in someone s backyard 10
Aboriginal Employment Opportunities!! 28% of the DGC labour force is from the local aboriginal communities!! Commitments for apprenticeship & management training!! Regional approach for pre-employment and onthe-job training programs!! Established an Aboriginal Employment & Training Committee 11
Aboriginal Business Opportunities Aboriginal participation in our mine construction is valued at more than $400 million. Aboriginal businesses were involved in some of the major construction contracts.!! Tailings Management Area!! Camp Catering & Janitorial!! Transmission Line Construction!! Concrete Works!! Site Services 12
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.) 13
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 14
DGC Procurement Process Once Detour Gold has identified the need for a specific service, the following actions will be undertaken:!! DGC issues an Expression of Interest with scope of work!! DGC will identify contractor for a Short-List!! DGC issues an Request for Proposals to short-list!! DGC identifies Preferred Contractor Key considerations in review of bids!! Ability to perform work!! Cost competitiveness!! Benefit to aboriginal community 15
ENVIRONMENT Aboriginal Participation 16
Environmental Assessments The construction of the DLM was subject to five (5) environmental assessments (EAs) and approximately 80 different federal and provincial permits. The project was subject to four (4) provincial EAs and one (1) federal EA. These included: 1.! Permanent Power Supply Approved Dec 2010 2.! Temporary Power Supply Approved July 2010 3.! Disposition of Rights to Crown Land Approved Nov 2010 4.! Contingency Power Supply Approved Mar 2012 5.! Comprehensive Study EA Approved Dec 2011 17
Environmental Commitments!! Aboriginal participation in the environmental assessment process & closure planning!! TEK and Archaeological study of the project area!! Participation in the permitting process (review & comment)!! Aboriginal Environmental Monitors at mine site!! Commitment to establish a Regional Environmental Monitoring Body 18
The value of TEK to DGC TEK has provided the company a better understanding of:!! Harvesting/Gathering!! Hunting & Trapping!! Burial & Archeological!! Sacred/Spiritual!! Environmentally sensitive!! Homelands 19
DIVERSITY Within the Aboriginal Community 20
The Detour Gold Experience!! Four aboriginal partners!! Moose Cree First Nation (Cree)!! Taykwa Tagamou Nation (Cree)!! Wahgoshig First Nation (Algonquin)!! Metis Nation of Ontario (Metis)!! Remoteness, highway accessibility, resource development history, resources, community size, linguistic and cultural differences!! Moose Factory accessible by rail or air, largest community!! Taykwa Tagamou small community with highway access!! Wahgoshig First Nation history with mining & forestry!! Metis growing recognition of Metis rights 21
Diversity in Perspectives In the past two years, our aboriginal partners have regularly communicated the need for:!! Flexibility in timeframes!! Accommodating the community s internal capacity!! Ongoing participation in reporting and monitoring!! Balancing the project proponents economic needs with aboriginal concern for the environment!! Recognizing community priorities that may conflict with your timeframes 22
MEEGWETCH Thank you 23
Contact Information Leonard Rickard Aboriginal Affairs Manager Email: lrickard@detourgold.com Phone: 647.847.2089 ext. 3037 www.detourgold.com 24