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CANADA’S INTERMEDIATE

GOLD PRODUCER

Scotiabank Mining Conference, Toronto

December 2-3, 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.

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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 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 September 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

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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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

Debt reduction

Preserve cash

Start evaluation of ‘next’ production

growth opportunities

2014 Key Focus

On track for year-end

Stronger balance

sheet at year-end

Successful

preliminary results

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2014 YTD in Summary:

On track to meet production and total

cash cost guidance for 2014

› 450,000-480,000 oz at total cash

costs of US$900-975/oz sold1

Mill operation significantly de-risked:

confident in exiting year at throughput

rates of 55,000 tpd

Capital on budget

Target of US$60 M in total debt

repayments

2014 Progress & Outlook

$1,174

$976 $941 $941

■ Total Cash Costs (US$/oz sold)1

■ Gold Production (K oz)

Q4’13 Q1’14 Q3’14 Q2’14

115 107 117 82

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.

2014 Q1-Q3 = 339,865 oz

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Q3’14 Performance:

Gold production of 115,344 ounces

4.5 Mt of ore processed: 75% direct

feed and 25% ROM stockpiles

Head grade of 0.88 g/t, consistent

with model projections

Recovery rates at 90%

Dilution averaged 6.7%

Q3 2014 Operating Results

0

1

2

3

4

5

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

1.0

0.8

0.2

0.0

0.4

0.6

To

nn

es

Mille

d (

Mt)

Q3’13 Q4’13 Q1’13 Q3’14

1’14

Q2’14

42 37 45 49

Mill production

Hea

d G

rad

e (

g/t

Au

)

Throughput Rates (Ktpd)

0.88 G/T GOLD head grade 4.53 MILLION

tonnes milled 90 % GOLD recovery

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Mill Operational Progress

Q4’14: Step-up phase with

availability expected to ramp-up to

high 80%’s by year-end

Q3’14 Performance:

Throughput rates averaging 49,186 tpd

Availability at 81%, impacted mainly by

unplanned replacement of SAG pulp lifter

Plant stabilizing:

› Average of 57,020 tpd with 91%

availability over 55 days (up to mid-

October planned shutdown)

Recovery rates as planned

Focus #1 improve availability:

Final major planned maintenance

shutdown took place in mid-October

Exit 2014 at design rate of 55,000 tpd

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Mine Operational Progress

Q3’14 Performance:

Total of 18.9 Mt mined (206,000 tpd)

4.2 Mt ore mined; strip ratio 3.5

Shortfall in mining rates due to:

› Low drilling productivity and delays in

explosive loading impacting shovel

utilization

› Lower than planned shovel availability

(81% versus 85% target)

Stockpiles = 0.9 Mt @ 0.73 g/t at Q3-end

Southwall pushback and old infrastructure

removal completed

Q1-Q3’14:

16.5 Mt of overburden/till removal

(+95% of 2014 program)

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Mine Operational Focus

Focus #1 improve mining rates:

Improving training and QA/QC to

increase drilling productivity and

efficiencies

Improving delivery and loading of

explosives

Increasing support in the areas of

planning and maintenance for the

mining fleet

De-stacking benches to the south &

east to expose larger mine faces

Result is larger in-pit blasted

inventory, improved shovel allocation

and productivity = more tonnes

mined per day

2014: total tonnage expected to

range between 75 Mt and 77 Mt

(versus target of 82 Mt)

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Detour Lake Open Pit

Q4’14: Working towards a step-up

phase to improve mining rates

September 17, 2014

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2014 Capital Expenditures

(US$ M) Q1-Q3’14 2014 Est.

Tailings facility (TMA) $ 27.9 $ 40.0

Mill 7.4 18.0

Mine 39.3 33.0

Other 5.6 5.0

Sustaining expenditures1 $ 80.1 $90-100

Deferred stripping $ 20.7 $35

1. $22.3 M incurred in 2013 and includes payment of C$2.5 M to NAC.

Initial budget holding

Majority of TMA construction activities

completed

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CN detox operational and

2nd oxygen plant ready in

January 2015

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 progress

3 Pebble Circuit Removal Pebbles appear to be barren

Pebble extractor

prototype being

designed

4 Low-grade material (not in reserves) Segregation of fines

Heap leach

Positive test results for

both

5 Increase exploration activities

On 630 km2 prospective property Planning in progress

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Near-term Opportunities (2-5 yrs)

Segregation of fines:

Positive results from first 200,000

tonnes test

› Grade of 0.65 g/t (approx. 45%

higher than avg. grade of SP)

› Processed at 68,000 tpd

Pebble Circuit Removal:

Test results show high variability in

gold content of the pebbles but a

large portion is barren

Initiated design of an ON/OFF

pebble extractor

Low-grade stockpile (avg. grade 0.44 g/t)

Natural segregation of fines

from unloading truck

Mobile feeder

To stacker

unit

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Ramp-up completion by year-end

Guidance and details for 2015 to be disclosed in January

Commissioning of the pebble extractor prototype

Review of next 5 years and LOM plan with the main objective of

reducing sustaining capital.

Future Catalysts

Focus on ‘Quality’ Ounces

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ADDITIONAL information Analyst Coverage

Shareholder Information

Q3 2014 Financial Results

Q3 2014 Operating Results - Costs

Corporate Responsibility

Debt Repayment Schedule

Exploration Focus: Lower Detour

LOM Plan Summary

LOM Gold Production/Cost Profile

LOM Operating Costs & Capex

Management & Directors

Contact Information

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Initiating

Research Firm Analyst Target Price at

November 28, 2014

07.06.11 Haywood Kerry Smith $13.50

07.07.09 Paradigm Don Blyth/Don MacLean $14.50

07.08.07 Raymond James Phil Russo $15.00

07.11.26 National Bank Steve Parsons $12.00

07.12.20 Macquarie Mike Siperco $18.00

08.01.14 Canaccord Rahul Paul $11.00

08.07.14 TD Dan Earle $15.00

08.09.04 RBC Dan Rollins $13.00

08.11.06 BMO NB Brian Quast $12.00

09.06.17 Laurentian Eric Lemieux (left firm) Under review

10.05.19 CIBC World Markets Cosmos Chiu $13.00

10.07.22 Credit Suisse Anita Soni $10.00

13.04.16 Scotiabank Trevor Turnbull $17.00

13.08.14 Desjardins Michael Parkin $13.50

13.11.12 Beacon Securities Michael Curran $12.50

13.12.09 GMP Securities Ian Parkinson $13.50

14.02.06 Cormark Securities Richard Gray/Tyron Breytenbach $18.75

14.04.22 Goldman Sachs Andrew Quail $10.00

14.06.17 Dundee Capital Markets Joseph Fazzini $ 9.50

14.09.03 Morgan Stanley Brad Humphrey $11.90

Average target C$13.35

Analyst Coverage (20)

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Shareholder Information

Paulson & Co.

>80% INSTITUTIONS TOTAL 10.3 M Share options

13.0 M Convertible notes 1

181.1 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 September 30, 2014.

14%

C$1.7 BILLION market cap US$138.8 MILLION

cash position2

Share Structure (October 31, 2014) Top Shareholders

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Q3 2014 Financial Results

Key Financial Statistics

(US$ M, unless noted) Q3’14

Revenues $136.2

Production costs $100.6

Depreciation & depletion $37.3

Loss from mine operations $1.7

Cash provided by operations $47.8

Net loss/Adjusted net loss1 $0.8 / $16.5

Net loss & Adjusted net loss per share1 $0.00 / $0.10

Cash & short-term investments $138.8

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

Price protection during ramp-up

At September 30, 2014: 55,000 oz of gold hedged at an average price

of US$1,291/oz for gold sales from October to December 2014

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Q3 2014 Operating Results - Costs

Q3’14 YTD’14

Gold oz sold 106,334 298,100

TCC/oz sold1 US$941 US$951

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 Q3’14 YTD’14

Mining (C$/t mined) $2.98 $2.88

Processing (C$/t milled) $9.70 $10.67

G&A (C$/t milled) $3.25 $3.46

Q3 Progress:

Higher mining costs due to

› shortfall in total tonnes mined

Lower milling costs due to

› Lower electricity charges

Outlook:

Downward trend expected with

throughput and production increases

and increased efficiencies

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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:

692 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 October 31, 2014. Excludes corporate office at 36 full-time employees.

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Debt Repayment Schedule

At September 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 (remaining) - $0.0 - $13.8 $13.8

2015 - $34.7 - $27.5 $62.2

2016 $30 $32.7 - $27.5 $90.2

2017 - $35.8 $500 $27.5 $563.3

Thereafter - $7.2 - - $7.2

Total $30 $110.4 $500 $96.3 $736.7

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.

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

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Lower Detour Area

630 km2

Exploration Focus: Lower Detour

Block A

Resource

Detour Lake

OP Mine

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Lower Detour Exploration

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

Lower Detour area approx.

6-7 km south of mill

2014 exploration program

results:

Zone 58N Mineralization

extends for 450 metres

High-grade gold intercepts

in altered feldspar

porphyry intrusive

containing quartz and/or

quartz/tourmaline veins

Note: Refer to press release June 2, 2014.

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LOM Plan1 02/2014

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 Plan Summary – February 2014

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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Michael Kenyon Executive Chairman

Paul Martin President and CEO

Pierre Beaudoin COO

James Mavor CFO

Drew Anwyll SVP Technical Services

Julie Galloway Sr VP General Counsel &

Corporate Secretary

Derek Teevan Sr VP Corporate &

Aboriginal Affairs

Jean-Francois Metail VP Mineral Resource

Management

Rachel Pineault VP HR & Aboriginal Affairs

Jim Robertson VP Environment &

Sustainability

Charles Hennessey Mine General Manager

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