1

CANADA’S INTERMEDIATE

GOLD PRODUCER

Denver Gold Forum

September 14-17, 2014

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Forward Looking Information This presentation contains certain forward-looking information and statements as defined in applicable securities law (referred to herein as

“forward-looking statements”). Forward-looking statements include, but are not limited to, statements with respect to Detour Gold’s future

financial or operating performance; guidance for production, total cash costs, capital costs, exploration costs; expected throughput, mining

and recovery rates; expected future production and mining activities; opportunities to optimize the mine operation; the updated mine plan

and economic analysis of the Detour Lake mine including, but not limited to, the life of mine plan, the waste to ore ratio, processing and

production rates, grades, metallurgical recovery rates, operating and sustaining capital costs, and the projected life of mine, opportunities to

optimize the mine operation; the success and continuation of exploration activities, the future price of gold, reclamation obligations,

government regulations and environmental risks.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause 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, assumptions and parameters underlying the

life of mine update not being realized, a decrease in the future gold price, discrepancies between actual and estimated production, changes

in costs (including labour, supplies, fuel and equipment), changes to tax rates; environmental compliance and changes in environmental

legislation and regulation, 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 2013 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 sustaining capital

costs; the Company’s ability to attract and retain skilled staff; sensitivity to metal prices and other sensitivities; the supply and demand for,

and the level and volatility of the price of, gold; 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.

All forward-looking statements in this presentation are necessarily based on opinions and estimates made as of the date such statements

are made and are subject to important risk factors and uncertainties, many of which cannot be controlled or predicted. Detour Gold and the

Qualified Persons who authored the associated Technical Report undertake 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.

3

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 February 4, 2014, Detour Gold announced an updated life of mine plan for the Detour Lake mine. The NI 43-101 compliant Technical Report for

this update was filed on SEDAR on February 4, 2014. The following QPs participated in this update: BBA Inc., under the direction of André Allaire,

Eng., Acting President and CEO and Patrice Live, Eng., Director Mining; SGS Canada Inc., under the direction of Yann Camus, Eng., Project

Engineer, 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 and Geotechnical Engineering Group Manager.

The scientific and technical content of this presentation has been reviewed, verified and approved by Drew Anwyll, P.Eng.,

Vice President of Operations, a Qualified Person as defined by Canadian Securities Administrators

National Instrument 43-101 “Standards of Disclosure for Mineral Projects”.

Information Containing Estimates of Mineral Reserves and Resources

Non-IFRS Financial Performance Measures The Company has included “Total cash cost per gold ounce sold (TCC)” and “Adjusted net loss” in this presentation which are non-IFRS measures.

The Company believes that these measures, in addition to conventional measures prepared in accordance with IFRS, provide investors an

improved ability to evaluate the underlying performance of the Company and its ability to generate operating earnings and cash flow from its mining

operations. Refer to the MD&A of June 30, 2014 or relevant period for reconciliation of these measures.

Detour Gold reports total cash costs on a sales basis. Total cash costs per gold ounce sold include production costs such as mining, processing,

refining, site administration, costs associated with providing royalty in-kind ounces, and costs for agreements with Aboriginal communities, but are

exclusive of depreciation and depletion, reclamation, non-cash share-based compensation and deferred stripping. Total cash costs are reduced by

silver sales and divided by gold ounces sold to arrive at total cash costs per gold ounce sold. Further details regarding total cash costs per gold

ounce sold and a reconciliation to the nearest IFRS measures are provided in our MD&A accompanying our financial statements filed on

www.sedar.com. Total cash costs plus capex per gold ounce sold includes TCC plus sustaining capital and deferred stripping divided by gold

ounces sold. These non-IFRS measures are intended to provide additional information and should not be considered in isolation or as a substitute

for measures of performance prepared in accordance with IFRS. These measures do not have any standardized meaning prescribed under IFRS,

and therefore may not be comparable to other issuers. Other companies may calculate this measure differently.

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Low-risk, safe mining jurisdiction

Large reserve base, long mine life

Annual production of +600,000 oz for

next 10 years

Strong cash flow growth following

ramp-up completion

Production growth opportunities

Unique Investment Opportunity

15.5 M OZ GOLD in reserves

21 + YEAR mine life

Intermediate Canadian

Gold Producer

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2014 Key Focus

22%

Complete ramp-up of Detour Lake

› Reach mill design capacity

› Further increase mine output

Improve balance sheet

› Increase flexibility of short-term debt

› Price protection during ramp-up

(100,000 oz of gold hedged @

US$1,287/oz)

› Debt reduction

› Cash position of min. US$100 M

Start evaluation of ‘next’ production

growth opportunities

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H1 2014 Scorecard

H1 2014 Scorecard:

Higher end of gold production

achieved

Lower mining and milling rates than

planned

Total cash cost per ounce trend

decreasing

High grade gold intersections

reported at Lower Detour

Received initial electricity rebate of

US$16 M for half of 2013 and 2014

Obtained flexibility on CAT lease and

credit facility

$1,214 $1,174

$976 $941

■ Total Cash Costs (US$/oz sold)1

■ Gold Production (K oz)

Q3’132 Q4’13 Q2’14 Q1’14

117 82 107 78

1. Refer to the section on Non-IFRS Performance Measures on slide 3. Reconciliation of these measures is described in the MD&A for the

corresponding period.

2. Commercial production declared on September 1, 2013. TCC reported is for the month of September 2013.

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Mill Production

Q2 2014 Operating Results

0

1

2

3

4

5

Q2'13 Q3'13 Q4'13 Q1'14 Q2'14

1.0

0.8

0.2

0.0

0.4

0.6

To

nn

es

Mille

d (

Mt)

Q2’13 Q3’13 Q4’13 Q2’14

1’14

Q1’14

31 42 37 45

Hea

d G

rad

e (

g/t

Au

)

49

Throughput Rates (Ktpd)

Q2’14 Performance:

Gold production of 117,366 ounces

Dilution reduced to <3%, well

below 2014 budget of 7%

ROM stockpiles total 1.3 Mt @

0.76 g/t at end of Q2

Plant throughput rates averaging

48,569 tpd

Availability of 83%

0.91 G/T GOLD head grade 4.42 MILLION

tonnes milled 91 % GOLD recovery

8

Mill Operational Progress

Mill Operation Significantly De-

risked in 2014

Plant now stabilizing with recent

modifications to secondary crushers

(Q2) and 410 conveyor (Q3)

Consistently reaching design rates

of 2,500 tpoh

Focus remains on improving

availability

› External maintenance reviews

› Better understanding of

wearability and bottlenecks

Exit 2014 at design capacity of

55,000 tpd

Q4’14: Step-up phase with

availability expected to ramp-up to

89% by year-end

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Mine Operational Progress

2014 Focus: Increased Efforts in Pit

Development

Focus on accelerating overburden

and till removal

› +90% completed to date = 15.5 Mt

Southwall pushback is now

completed (allowing gradual de-

stacking of benches)

Old infrastructure removal is near

completion at Campbell pit

Q1’13 Q2’13 Q3’13 Q1’14 Q4’13

Q1-Q3’2014: Accelerated pit

development has contributed to

reduced mining rates

Q1-Q3 mining rates at steady state of

approx. 210,000 tpd

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Mine Operational Focus

#1 Focus: Increasing mining rates

Increase support in the areas of

planning and maintenance

Improve drilling productivity

Increase shovel availability from

80% to 85%

Result is larger in-pit blasted inventory,

improved shovel allocation and

productivity = more tonnes mined per

day

Q4’14: Working towards a step-up

phase to improve mining rates

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2014 Outlook

H1 A 2014 Guidance

Gold production (oz) 224,520 450,000-480,000

TCC (US$/oz sold)1 $956 $900-975

Sustaining capital (US$ M) $45 $95-100

Deferred stripping (US$ M) $15 $30-35

1. Refer to the section on Non-IFRS Performance Measures on slide 3. Reconciliation of these measures is described in the MD&A

for the corresponding period.

second year

of operation

2014 RAMP-UP COMPLETION OF DETOUR LAKE MINE

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2014 Capital Expenditures

Mine

US$33 M

TMA

US$40 M

Deferred

Stripping

US$30-35 M

2014 CAPITAL: US$125-135 M

Other Mill

US$18 M US$5 M

(US$ M) Q2’14 H1’14

Tailings facility (TMA) $ 6.2 $ 11.4

Mill 2.4 2.9

Mine 16.0 27.5

Other 2.5 2.7

Sustaining expenditures1 $ 27.1 $ 44.5

Deferred stripping $ 15.1 $ 15.1

1. $19.4 M incurred in 2013 (including 6060 shovel and two 795F haulage trucks received in 2013) and includes payment of $2.5 M to NAC.

Initial budget holding

TMA construction on schedule

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CN detox to be

completed in Q3 and

2nd oxygen plant in Q4

Current Status

Near-term Opportunities (2-5 yrs)

1 Increase throughput to 61,000 tpd for 2017 Starts in 2014 with installation of 1 cyanide (CN)

detox tank and 1 additional oxygen plant

2 Block A Project Bring to pre-feasibility study for reserve definition

in Q1 2015

In progress

3 Pebble Circuit Removal Pebbles appear to be barren

Testing continuing

4 Low-grade material (not in reserves) Heap leach

Segregation of fines

Heap leach test

underway

5 Increase exploration activities

On 630 km2 prospective property Planning in progress

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US$1,000/oz

US$1,200/oz

15.5 Moz @ 1.02 g/t Au P+P

2.0 Moz @ 1.15 g/t Au M+I

~5.5 km

Near-term Opportunities: 2 & 3

Pebble Circuit

Removal & Block A

Pebbles appear to be barren

Producing 700-800 tpoh of pebbles

Reject pebbles and replace with new feed from Block A?

Evaluate comingling options with Detour Lake

› Phase 1: Block A reserve estimate in Q1 2015

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Near-term Opportunities: 4 & 5 Low-grade Material

Currently stockpiling 0.4-0.5 g/t

mineralized material:

Extra 1.5 M oz not accounted

for in LOM plan

Potential to process at end

of LOM

Evaluate potential for heap

leach and gold concentration by

natural segregation of fines

› Results of first bottle roll

tests in Q4

OR

High-grade Exploration Focus

High-grade gold intersections

reported at Lower Detour:

Continue exploration drilling

program in winter 2015

Geophysical surveys planned

to cover eastern extension of

mineralized trend

Compilation work ongoing

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Positioning for growth

Operational step-up plan in Q4

› Ramp-up completion

› 100% of mill throughput design capacity by year-end

Targeting cash flow positive operations in 2015

Update on first preliminary test results for pebble circuit removal

and heap leach by year-end

Reserve estimate for Block A in Q1 2015 (pre-feasibility study)

Future Catalysts

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ADDITIONAL information Analyst Coverage

Shareholder Information

Q2 2014 Financial Results

Q2 2014 Operating Costs

Near-term Opportunities: Exploration

Exploration Focus: Lower Detour

Corporate Responsibility

LOM Summary

LOM Gold Production/Cost Profile

LOM Operating Costs & Capex

Debt Repayment Schedule

Management & Directors

Contact Information

18

Initiating

Research Firm Analyst Target at

September 11, 2014

07.06.11 Haywood Kerry Smith $15.50

07.07.09 Paradigm Don Blyth/Don MacLean $14.50

07.08.07 Raymond James Phil Russo $18.00

07.11.26 National Bank Steve Parsons $15.00

07.12.20 Macquarie Mike Siperco $18.00

08.01.14 Canaccord Rahul Paul $15.00

08.07.14 TD Dan Earle $18.50

08.09.04 RBC Dan Rollins $16.00

08.11.06 BMO NB Brian Quast $17.25

09.06.17 Laurentian Eric Lemieux (left firm) Under review

10.05.19 CIBC World Markets Cosmos Chiu $18.00

10.07.22 Credit Suisse Anita Soni $14.00

13.04.16 Scotiabank Trevor Turnbull $18.00

13.08.14 Desjardins Michael Parkin $16.00

13.11.12 Beacon Securities Michael Curran $15.25

13.12.09 GMP Securities Ian Parkinson $13.50

14.02.06 Cormark Securities Richard Gray $23.50

14.04.22 Goldman Sachs Andrew Quail $11.50

14.06.17 Dundee Capital Markets Joseph Fazzini $15.00

14.09.03 Morgan Stanley Brad Humphrey $15.50

Average target $16.21

Analyst Coverage (20)

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Shareholder Information

Paulson & Co.

>80% INSTITUTIONS TOTAL 10.5 M Share options

13.0 M Convertible notes 1

181.3 M FULLY DILUTED

157.8 M Issued & outstanding

Share Structure (03/31/2014) Top Shareholders

1. Conversion price for the Notes is US$38.50.

2. Cash and short-term investments at June 30, 2014.

14%

C$1.6 BILLION market cap US$138.2 MILLION

cash position2

Share Structure (August 31, 2014) Top Shareholders

20

Q2 2014 Financial Results

Key Financial Statistics

(US$ M, unless noted) Q2’14

Revenues $139.0

Production costs $98.1

Depreciation & depletion $38.3

Loss from mine operations $2.6

Cash provided by operations $46.3

Net loss/Adjusted net loss1 $35.0 / $17.4

Net loss & Adjusted net loss per share1 $0.23 / $0.12

Cash & short-term investments $138.2

1. Refer to the section on Non-IFRS Financial Performance Measures on slide 3 of this presentation.

Price protection during ramp-up

At end of July 2014: 100,000 oz of gold hedged at an average price of

US$1,287/oz for gold sales from August to December 2014

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Q2 2014 Operating Costs

Q1’14 Q2’14

Gold oz sold 84,560 oz 107,206 oz

TCC /oz sold1 US$976/oz US$941/oz

1. Refer to the section on Non-IFRS Financial Performance Measures on slide 3 of this presentation. Reconciliation of these measures is

described in the MD&A for the corresponding period.

Unit Costs Q4’13 Q1’14 Q2’14

Mining

(C$/t mined)

$2.60 $2.87 $2.87

Processing

(C$/t milled)

$11.75 $11.13 $11.25

G&A

(C$/t milled)

$4.13 $3.68 $3.46

Q2 Progress:

Higher mining costs due to:

› Shortfall in total tonnes mined

› Higher equipment maintenance

costs

Higher milling costs due to:

› Higher maintenance costs and

lower mill throughput

› Partially offset by lower

consumables and reagent

consumption

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Priority Target: Lower Detour area

Lower Detour area approx. 6-7 km south of mill

Structural complexity: number of shear zones sub-parallel

and splaying from LDDZ

Several gold mineralization styles encountered

2014 exploration program results:

Mineralization extends for 450 metres

High-grade gold intercepts in altered feldspar porphyry

intrusive containing quartz and/or quartz/tourmaline veins

Results suggest that grade and continuity may improve at

depth

Near-term Opportunities: Exploration

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Lower Detour Area

15.5 M oz in Reserves

630 km2

Exploration Focus: Lower Detour

2.0 M oz in

Block A Resource

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Lower Detour Area: 14,874 m of drilling completed in 2014

A B C

A’ B’ C’

Exploration Focus: Lower Detour

25

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:

700 full-time employees*

92% of workforce from region

24% are Aboriginals

Scholarship and job training

Supporting local communities

Business opportunities

Corporate philanthropy

Participation in municipal development

Northern

Ontario

41%

Cochrane

21%

Cochrane

Area

30% Rest of

Ontario

5%

3% Other

Corporate Responsibility

WORKFORCE ORIGIN

* At August 31, 2014. Excludes corporate office at 31 full-time employees.

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LOM Plan1 02/2014

Update

Proven & Probable Reserves (M oz)2 15.5

Gold grade (g/t) 1.02

Strip ratio (waste:ore) 3.5

Estimated gold recovery (%) 92

Mine life (years) 21.7

Annual gold production (oz) 660,000

Total cash costs (TCC) (C$/oz sold)3 $723

Sustaining capital (C$ billion) $1.14

TCC3+ capex (C$/oz sold) $848

LOM Summary

Main objective: Optimize first 5 years

1. As per NI 43-101 compliant Technical Report dated February 4, 2014.

2. Estimated using a gold price of US$1,000/oz. Includes stockpiles as of December 31, 2013.

3. Refer to the section on Non-IFRS Performance Measures on slide 3. Capex = sustaining capital expenditures + deferred stripping.

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TCC1

(C$/oz sold)

800

700

600

500

400

300

200

100

0

Gold Production

(‘000 oz)

LOM Gold Production/Cost Profile

900

850

800

750

700

650

600

550

500

598,000 oz

C$759/oz

0.96 g/t

596,000 oz

C$762/oz

0.91 g/t

659,000 oz

C$778/oz

1.00 g/t

765,000 oz

C$639/oz

1.16 g/t

1. Refer to the section on Non-IFRS Financial Performance Measures on

slide 3 of this presentation.

2014 Guidance

450,000-480,000 oz

US$900-975/oz sold1

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LOM Operating Costs1 C$/t milled C$/t mined C$/oz sold 2

Mining costs 11.55 2.56 392

Processing costs 7.82 266

G&A 2.44 83

Total cash operating costs 21.81 741

Other adjustments 3 (18)

Total cash costs 723

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LOM Operating Costs & Capex

1. As per NI 43-101 compliant Technical Report dated February 4, 2014.

2. Refer to the section on Non-IFRS Financial Performance Measures on slide 3 of this presentation.

3. Other adjustments include costs for deferred stripping, agreements with Aboriginal communities, refining charges and

are net of silver by-product credits.

Capex1 (C$ M) 5 yrs: 2014 -2018 LOM

Mining 168 535

Process Plant 71 126

TMA 203 454

G&A 14 28

Total 456 1,143

Deferred Stripping 225 614

Mine Closure 70

Higher capital in first

5 years:

Ramp-up to 38 trucks

Complete plant de-

bottlenecking exercise

Prepare TMA foundation

for 2nd and 3rd cell

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Debt Repayment Schedule

At June 30, 2014 Revolving Credit

Facility (1) CAT Finance Lease Convertible Notes

Face Value US$30 M (1) US$150 M US$500 M

Maturity March 2016 Jan 2017-Dec 2018 (2) November 30, 2017

Interest Rate LIBOR + 3% LIBOR + 4% 5.5%

Payable Monthly Quarterly Semi-annually

Conversion Price n/a n/a $38.50

Payment schedule Principal Principal + Interest Principal Interest Total

(US$ M)

2014 - $9.9 - $27.5 $37.4

2015 - $34.6 - $27.5 $62.1

2016 $30 $32.7 - $27.5 $90.2

2017 - $35.8 $500 $27.5 $563.3

Thereafter - $7.2 - - $7.2

Total $30 $120.2 $500 $110.0 $760.2

1. The Revolving Credit Facility provides for borrowings of up to C$90 M and is subject to a completion test prior to May 31, 2015.

The Company intends to repay the Revolving Credit Facility within the next 12 months.

2. Includes multiple leases with maturities of 5 yrs from lease date.

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Michael Kenyon Executive Chairman

Paul Martin President and CEO

Pierre Beaudoin COO

James Mavor CFO

Julie Galloway Sr VP General Counsel &

Corporate Secretary

Derek Teevan Sr VP Corporate &

Aboriginal Affairs

Drew Anwyll VP Operations

Pat Donovan VP Corporate Development

Jean-Francois Metail VP Reserves and Resources

Rachel Pineault VP HR & Aboriginal Affairs

James Robertson VP Environment &

Sustainability

Charles Hennessey General Manager Operations

Andrew Croal Director Technical Services

Laurie Gaborit Director Investor Relations

Alberto Heredia Controller

Bill Snelling Director Corporate Systems & Controls

Rickardo Welyhorsky Director Mineral Processing

Peter Crossgrove

Lisa Colnett

Louis Dionne

Robert E. Doyle

Alex G. Morrison

Jonathan Rubenstein

Graham Wozniak

André Falzon

Ingrid Hibbard

Michael Kenyon

Paul Martin

Management & Directors

Management

Directors

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Laurie Gaborit Director Investor Relations

Email: lgaborit@detourgold.com

Phone: 416.304.0581

Paul Martin President and Chief Executive Officer

Email: pmartin@detourgold.com

Phone: 416.304.0800

www.detourgold.com

Contact Information