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BMO Capital Markets 26th Global Metals & Mining Conference Hollywood, FL – February 26 - March 1, 2017

CANADA’S INTERMEDIATE GOLD PRODUCER

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

statements”). Forward-looking statements relate to future events or future performance and reflect current expectations or beliefs regarding future events and include, but are not limited to,

statements with respect to: (i) the amount of mineral resources and mineral reserves and exploration targets; (ii) the amount of future production over any period; (iii) net present value and

internal rates of return of mining operations; (iv) assumptions relating to recovered grade, average ore recovery, internal dilution, mining dilution and other mining parameters set out in the

technical reports, studies and disclosure of the Company; (v) assumptions relating to revenues, operating cash flow and other revenue metrics set out in the Company’s disclosure materials (vi)

mine expansion potential and expected mine life; (vii) expected time frames for completion of permitting and regulatory approvals; (viii) future capital and operating expenditures; (ix) future

exploration plans; (x) future gold prices; and (xi) sources of and anticipated financing requirements. All statements other than statements of historical fact are forward-looking statements. Often,

but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “continues”, “forecasts”, “projects”,

“predicts”, “intends”, “anticipates”, “targets”, or “believes”, or variations of, or the negatives of, such words and phrases or state that certain actions, events or results “may”, “could”, “would”,

“should”, “might” or “will” be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause actual results to differ

materially from those anticipated in such forward-looking statements. The forward-looking statements in this presentation speak only as of the date of this presentation or as of the date or dates

specified in such statements.

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, the ability of the Company to refinance its convertible notes and credit facility on or before maturity (November 30, 2017 and August

31, 2017, respectively) on acceptable terms, gold price volatility, changes in debt and equity markets, a reduction in the company’s available cash resources, the uncertainties involved in

interpreting geological data, risks relating to variations in recovered grades and mining dilution, variations in rates of recovery, changes or delays in mining development and exploration plans,

the success of mining, development and exploration plans, changes in project parameters, risks related to the receipt of regulatory approvals, increases in costs, environmental compliance and

changes in environmental legislation and regulation, delays in the consultation and permitting process for West Detour, 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

2015 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: a constant gold price

of $1,200/oz in 2017, a constant CAD/US exchange rate of 1.30 in 2017, a constant diesel fuel price of C$0.70/L in 2017, and a constant power cost of C$0.30/kWhr in 2017, the ability of the

Company to refinance its convertible notes and credit facility on or before maturity (November 30, 2017 and August 31, 2017, respectively) on acceptable terms, the availability of financing for

exploration and development activities; operating and capital costs; the Company’s available cash resources in 2017; the Company's ability to attract and retain skilled staff; the mine

development schedule and related costs; the mine production schedule; dilution control, 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 timing and results of consultations with the Company’s

Aboriginal partners, the supply and availability of consumables and services; the exchange rates of the Canadian dollar to the U.S. dollar; energy and fuel costs; required capital investments;

estimates of net present value and internal rate of returns, the accuracy of reserve and resource estimates, production estimates and capital and operating cost estimates and the assumptions

on which such 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.

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 scientific and technical content of this presentation was reviewed, verified and approved by Drew Anwyll, P.Eng., Senior Vice President Technical Services,

a Qualified Person as defined by Canadian Securities Administrators National Instrument 43-101 “Standards of Disclosure for Mineral Projects”.

Qualified Persons

Non-IFRS Financial Performance Measures The Company has included non-IFRS measures in this presentation: total cash costs and all-in sustaining costs,. 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. The 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 these measure differently.

Detour Gold reports total cash costs on a sales basis. Total cash costs include production costs such as mining, processing, refining and site administration,

agreements with Aboriginal communities, less non-cash share-based compensation and net of silver sales divided by gold ounces sold to arrive at total cash

costs per gold ounce sold. The measure also includes other mine related costs incurred such as mine standby costs and current inventory write downs.

Production costs are exclusive of depreciation and depletion. Production costs include the costs associated with providing the royalty in kind ounces.

The Company believes the measure all-in sustaining costs more fully defines the total costs associated with producing gold. The Company calculates all-in

sustaining costs as the sum of total cash costs (as described above), share-based compensation, corporate general and administrative expense, exploration and

evaluation expenses that are sustaining in nature, reclamation cost accretion, sustaining capital including deferred stripping, and realized gains and losses on

hedges due to operating and capital costs, all divided by the gold ounces sold to arrive at a per ounce figure.

Costs excluded from all-in sustaining costs are non-sustaining capital expenditures and exploration costs that are expected to materially increase production,

financing costs and tax expense. Consequently, this measure is not representative of all of the Company’s cash expenditures. In addition, the calculation of all-in

sustaining costs does not include depreciation and depletion expense as it does not reflect the impact of expenditures incurred in prior periods.

All monetary amounts are in U.S. dollars unless otherwise stated.

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Unmatched combination of long

life and large production profile

Competitive cost profile

relative to industry peers

Production growth

Strong exploration potential

Top-ranked jurisdiction

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DGC Investment Thesis

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#1 Large Scale/Long Life Mine

100% OWNERSHIP IN QUALITY ASSET

2015/16YE Reserves (M oz) 2017 Production Guidance (K oz)

AEM/YRICanadianMalartic

GEleonore

AEMLaRonde

GRed Lake

16.4

7.7

4.6 3.1

2.0

AEM/YRICanadianMalartic

GEleonore

AEMLaRonde

GRed Lake

600 550-

600

315 300 315

DGC

Detour

Lake

DGC

Detour

Lake

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Since 2012 total exploration

budgets have been cut by

50%

Too few large discoveries to

sustain current production

rates

Current timelines to

production are much longer

(permitting, project size, and

complexity)

Source: RBC Capital Markets

0

5

10

15

20

2008 2009 2010 2011 2012 2013 2014 2015 2016E

Reserve life (yrs)

Producing Gold Companies

Long Life Assets on the Decline

Insufficient spending to replace reserves causing reserve life to

fall from 18 yrs in 2010 to 13 yrs in 2016

Current Status of the Gold Industry

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OPERATIONS GROWTH BALANCE SHEET

Mine and mill optimization

Organic growth valuation

Debt re-financing

Realize on economies of scale

Add value with: Maintain capital discipline

Satellite deposit

development

Early-stage

project

acquisition

Shareholder returns

DGC Strategic Focus

232

457 506 538

550- 600

600- 670

2013 2014 2015 2016 2017E 2018E

Gold Production (K oz)

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Balance Sheet Management

Repaid $142 M in 2016

At year-end 2016

Net cash = $129 M

Net debt = $272 M

Not highly leveraged

Net debt/EBITDA 2016 = ~1.3:1

Preferred re-financing alternatives

for the Notes (due November 2017):

Bank syndicate (currently 5 bankers)

Equipment provider

Non-covenant driven debt

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Finishing 2016 on a Positive Note

Gold production of 537,765 oz; Q4 gold

production 143,512 ounces

Estimated AISC1 of $1,005/oz sold; Q4

AISC1 of $1,124/oz sold

Debt reduction of $142 million

Year-end cash and short-term

investments balance of ~$129 M

Positive drilling results from Zone 58N

$1,056 $1,005

$200

$600

$1,000

0

100

200

300

400

500

232

Detour Lake Mine

■ AISC ($/oz sold)1

■ Gold Production (K oz)

2015 2016

506 538

2016 Highlights

1. Refer to the section on Non-IFRS Performance Measures on slide 3 of this presentation. Subject to year-end closing.

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2016 Operating Results

total mined 87.4 MT

2.9 strip ratio

MT ore milled

0.90 G/T AU head grade

% recovery

20.8

89

Throughput rate at 56,792 tpd

Record mill performance

Head grade and recovery

below plan for the year

Processed 0.7 Mt of fines (<2”);

65% grade improvement

Mining rates of 239,000 tpd

Below projections for the year;

9 Mt behind mine plan

Campbell pit recovery plan on

schedule

Addition of a CAT6060 shovel

and haul trucks for 2017

7.0 stockpiles MT

g/t Au @ 0.65

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2016 Capital Costs

Sustaining capital ~$100 M

Include Q4 capital purchases of $16 M

originally planned in 2017-18 (i.e. 3 haul

trucks and first payment on a new camp)

Capitalized stripping ~3 M

Non-sustaining expenditures ~2 M

Q4'16 2016Q4’16

AISC 1($/oz sold)

$1,124 $1,005

2016

1. Refer to the section on Non-IFRS Performance Measures on slide 3 of this presentation. Subject to year-end closing.

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2017 Guidance

550-600 THOUSAND oz gold

$690-750 TCC per oz sold

1

$1,025-1,125 All-in sustaining costs

AISC per oz sold

1

fifth year

of operation

2017

Estimated production

Estimated costs

Total cash costs

Key Assumptions

Gold price of $1,200/oz, diesel fuel price of C$0.70 per litre; power

cost of C$0.03/kWh; and CAD/US FX rate of 1.30.

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

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2017 Operating Plan

1 MINE: 100 Mt 2 MILL: 21-22 Mt

Mining rate increase in Q2 with

additional shovel, 4 haul trucks,

and ROM fleet (total fleet: 6

shovels & 32 haul trucks)

Campbell pit mining to Bench

148

Strip ratio at 3.6:1

Head grades improving after

Q1

Recovery improvement after

Q2 with lead nitrate/oxygen

control system

No processing of fines

Higher Gold Production After Q1

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2017 Expenditures

Mine

$78 M

TMA

$40 M

Other*

$31 M

Mill

$6 M

2017 Budget

Sustaining Capital $155 M

Capitalized Stripping $14 M

Development (West Detour) $5 M

Total Capital Expenditures $160-180 M

Corporate G&A $21 M

Share-based Compensation $11 M

Exploration $6 M

Sustaining capex include: $40 M for mining equipment, $30 M of

accelerated capital mainly for TMA Cell #2 ($9 M) and new camp ($17 M)

~$23 M of these expenses to be paid in 2018

~65% of costs in Cdn$

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

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Organic Growth Pipeline

WEST DETOUR

DEVELOPMENT 1

ZONE 58N

LOWER DETOUR 2

Provincial ESR filed;

Request from FN for

Federal EA process

LOM plan being

revised for optimal

timing of West

Detour to reflect

Federal EA

Reserves: 1.5 M oz

Evaluating options for

mining widths and cut-off

grade for different UG

mining scenarios

Infill drilling program

between 250-450 m

Potential for high-

grade UG mine

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3 BURNT BUSH

CLAIM BLOCK

New claim block

staked 70 km

south of Detour

Lake

Airborne

geophysics

planned for H2’17

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West Detour Development

Permitting Update

Water management and increased footprint required additional

permitting approvals

Provincial Environmental Study Report (ESR) filed on Jan. 30,

2017 to trigger Provincial Environmental Assessment (EA)

process

One Aboriginal partner has requested Federal EA process

› Awaiting response from Canadian Environmental

Assessment Agency (CEAA)

Company believes ESR meets both Provincial and Federal

requirements

1

Provincial or Federal EA – We are ready to go

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West Detour Development 1

Revising Life of Mine Plan

Optionality in LOM plan based on timing of receiving permits

› West Detour pit not before 2021

› North satellite pit in 2019: scheduling flexibility with a

contractor (less implementation time)

In both cases, annual mining rate ramp up to 120 Mt

No change to prelim. guidance of 600,000-670,000 oz in 2018

Lower gold production projected in 2019-2020

Capital and operating costs to be updated

New LOM Plan and Technical Report prior to March 31, 2017

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Exploration Program - Zone 58N

2017 Drilling Program Underway

30,000 m of infill drilling between

250-450 m below surface

Selective holes deeper to

delineate continuity

45

0 m

2

Preliminary Model and Conceptual Design

Model assumes 3 metre min. horizontal thickness

Evaluation underway for potential wider mining areas

Conceptual UG advanced exploration program prepared;

cost estimated at C$30-50 M over 5 years

Advanced exploration permit required for

for U/G access

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DETOUR GOLD

INTERMEDIATE GOLD PRODUCER

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ADDITIONAL information

Safety Performance

Operational Statistics

Regional Exploration

Burntbush Property

Year-End 2015 Reserves &

Resources

Shareholder Information

Analyst Coverage

Management & Directors

Contact Information

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Total Recordable Injury

Frequency Rate (TRIFR)1

Safety Performance

1. TRIFR: Total recordable injuries x 200,000 hours divided by total man

hours worked.

2016 Achievements:

Established leading indicators for

Managers

Partnered with Dupont Safety Systems

Improved Visible Felt Leadership

methodology

2017 Plans:

Roadmap and actions for our

5-Year Safety Journey

Detailing procedural and cultural

improvements

2.5 2.3

1.7

0.0

0.5

1.0

1.5

2.0

2.5

2014 2015 2016

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Operational Statistics

Q1’16 Q2’16 Q3’16 Q4’16 2016

Ore mined (Mt) 5.8 5.5 5.0 5.8 22.3

Waste mined (Mt) 15.2 16.4 18.5 15.0 65.1

Total mined (Mt) 21.0 21.9 23.5 20.9 87.4

Strip ratio (waste:ore) 2.6 3.0 3.7 2.6 2.9

Mining rate (tpd) 231,000 241,000 256,000 227,000 239,000

Ore milled (Mt) 4.7 5.3 5.2 5.5 20.8

Mill grade (g/t Au) 0.91 0.92 0.88 0.90 0.9

Recovery (%) 91 89 87 90 89

Mill throughput (tpd) 52,165 58,466 56,453 60,052 56,792

Mill availability (%) 88 87 84 86 86

Ounces produced (oz) 127,136 139,359 127,758 143,512 537,765

Ounces sold (oz) 137,608 131,606 113,845 144,668 527,727

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Year-end 2015 Reserves & Resources Notes:

1. Mineral resources and reserves were

completed by Detour Gold in conformity

with generally accepted definitions and

guidelines given in the Canadian Institute

of Mining, Metallurgy and Petroleum (CIM)

Standards on Mineral Resources and

Mineral Reserves as required by NI 43-

101.

2. Mineral reserves were estimated using a

gold price of $1,000/oz and mineral

resources were estimated using a gold

price of $1,200/oz at a US$/C$ exchange

rate of 1.10.

3. Mineral reserves and resources were

based on a cut-off grade of 0.50 g/t Au.

4. Mineral reserves included an average

mining dilution of 5.3% from 2016 to 2018

and 4% for 2018+, at a diluting grade of

0.20g/t Au. Mining ore loss of 5% also

included.

5. Only Probable LG Fines scheduled in the

mine plan were reported as mineral

reserves. The LG fines reserves were

based on a cut-off grade of 0.40 g/t Au.

6. Mineral resources are reported exclusive

of mineral reserves. Mineral resources

that are not mineral reserves do not have

demonstrated economic viability.

7. Totals may not add due to rounding.

At Dec. 31, 2015

Reserves Tonnes

(millions)

Grade

(g/t Au)

Contained

Gold Ounces

(000’s oz)

Detour Lake Mine Proven 89.2 1.26 3,603

Probable 351.6 0.95 10,779

Stockpiles 4.8 0.64 98

Total P&P 445.5 1.01 14,480

West Detour Proven 1.8 0.99 56

Probable 47.0 0.97 1,473

Total P&P 48.8 0.98 1,529

LG Fines Probable 20.0 0.60 386

Total P&P 514.3 0.99 16,395

Resources

Detour Lake Mine Measured 17.4 1.33 746

Indicated 66.2 1.00 2,125

M+I 83.6 1.07 2,871

West Detour Measured 0.4 0.85 10

Indicated 36.5 0.86 1,005

M+I 36.9 0.86 1,015

Total M+I 120.5 1.00 3,886

Detour Lake Mine Inferred 33.7 0.81 875

West Detour Inferred 8.6 0.89 246

Total Inferred 42.3 0.82 1,121

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1. Conversion price for the Notes is $38.50.

Shareholder Information

>80% INSTITUTIONS TOTAL

4.9 M Share options

9.3 M Convertible notes 1

188.8 M FULLY DILUTED

174.6 M Issued & outstanding

Share Structure (03/31/2014) Top Shareholders

12%

~$129 MILLION cash and short-term investments at December 31, 2016

Share Structure (December 31, 2016) Top Shareholders

BlackRock

7% Van Eck Associates

4% Fidelity

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Initiating

Research Firm Analyst Target Price at

February 15, 2017

14.02.06 Cormark Securities Richard Gray/Tyron Breytenbach $32.00

07.06.11 Haywood Kerry Smith $32.00

09.06.17 Laurentian UNDER REVIEW $30.00

07.07.09 Paradigm Don Blyth/Don MacLean $27.50

14.06.17 Eight Capital Research Josh Wolfson $27.00

08.01.14 Canaccord Rahul Paul $26.50

13.11.12 Beacon Securities Michael Curran $25.00

07.12.20 Macquarie Mike Siperco $25.00

07.11.26 National Bank Steve Parsons $25.00

08.07.14 TD Dan Earle $25.00

14.04.22 Goldman Sachs Andrew Quail $24.00

13.04.16 Scotiabank Trevor Turnbull $24.00

13.12.09 GMP Securities Ian Parkinson $23.25

16.06.06 Bank of America Merrill Lynch Michael Jalonen $23.00

08.11.06 BMO Brian Quast $23.00

08.09.04 RBC Dan Rollins $23.00

13.08.14 Desjardins Michael Parkin $21.50

10.05.19 CIBC World Markets Cosmos Chiu $21.00

10.07.22 Credit Suisse Anita Soni $21.00

16.10.18 Global Mining Research David Radclyffe/David Cotterell $18.00

07.08.07 Raymond James UNDER REVIEW

Average target C$24.84

Analyst Coverage (21)

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Paul Martin President and CEO

Pierre Beaudoin COO

James Mavor CFO

Julie Galloway General Counsel &

Corporate Secretary

Drew Anwyll Sr VP Technical Services

Derek Teevan Sr VP Corporate &

Aboriginal Affairs

Charles Hennessey Mine General Manager

Laurie Gaborit VP Investor Relations

Jean-François Métail VP Mineral Resource

Management

Ruben Wallin VP Environment & Sustainability

Alberto Heredia Controller

Jacques McMullen Corporate Technical Advisor

Lisa Colnett

Edward C. Dowling

Robert E. Doyle

Paul Martin

Alex G. Morrison

Jonathan Rubenstein

André Falzon

Ingrid Hibbard

Michael Kenyon

Management & Directors

MANAGEMENT

DIRECTORS

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Laurie Gaborit VP 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