Developing Detour Lake -

The largest gold reserve in Canada

Scotia Capital Inc. Precious Metals Conference

December 1-2, 2009
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 results
and projections contained in the pre-feasibility study of the Detour Lake gold project, including the expected mine life,
recovery, capital costs, cash operating costs and other costs and anticipated production of the described open pit mine,
the projected internal rate of return, the projected payback period, the availability of capital for development, sensitivity to
metal prices, ore grade, the reserve and resource estimates on the project, the financial analysis, the timing for
completion of a feasibility study on the Detour Lake gold project, and expected drilling activities. 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 2008 annual information form.
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; the estimated timeline for the development of the Detour Lake gold project; the supply and demand for, and the
level and volatility of the price of, gold; 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 local
communities; and general business and economic conditions. In addition, the pre-feasibility study uses an estimate of
gold price based on an approximate three-year average. The operating and capital costs in the pre-feasibility study were
developed to be reasonable estimates within industry benchmarks. There is no certainty that the results of the pre-
feasibility study will ever be realized. Should one or more of the risks or uncertainties involved in forward-looking
statements relating to the pre-feasibility study materialize, or should the assumptions underlying the pre-feasibility study
prove incorrect, actual results of the pre-feasibility study may vary materially from those anticipated, believed, estimated
or expected. Accordingly, readers should not place undue reliance on forward-looking 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.

2
NI 43-101 Disclosure
Information Concerning 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.
Under the guidelines of NI 43-101, the following are the Qualified Persons that participated in the pre-feasibility study for
the Detour Lake Project: Met-Chem Canada, under the direction of Daniel Houde, Eng. (overall report preparation,
mineral processing, capital and operating cost estimates and overall financial analysis); BBA Inc., Patrice Live, Eng.
(mineral reserves, pit design, mine planning, and mining capital and operating cost estimates) and André Allaire, Eng.
(power line capital and operating cost estimates); Melis Engineering Ltd., under the direction of Lawrence Melis, P.Eng.
(supervised metallurgical test work and associated reporting); SGS Geostat Ltd., under the direction of Michel Dagbert,
Eng. (mineral resources); AMEC Earth & Environmental, a Division of AMEC Americas Limited, under the direction of
Sheila Daniel, P.Geo. (environment and permitting) and Xiaogang Hu, P.Eng. (tailings and water and other mine wastes
management, and associated capital and operating cost estimates); Ausenco Minerals Canada Inc., under the direction
of David Brimage (AnsIMM) (infrastructure and services, and associated capital and operating cost estimates); Scott
Wilson Roscoe Postle Associate Inc., Patti Nakai-Lajoie, P.Geo. (data verification); Robert Crepeau, P.Eng. (geology,
quality assurance/quality control); Klohn Crippen Berger Ltd., Greg Noack, P.Eng. (closure plan); Golder Associates Ltd.,
under the direction of Luiz Castro, P.Eng. (rock mechanics and mining pit slopes).

The NI 43-101 compliant Technical Report for the pre-feasibility study of the Detour Lake Project is filed on SEDAR and
posted on the Company’s website.

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Share Structure

Shares Outstanding 69.13 M

Options DGC 3.43 M
Options PDX 0.48 M
Fully Diluted 73.04 M

Market cap (Nov. 27): $1.1 Billion

Major Shareholders (FD basis):
Paulson & Co. 14%
Passport Capital 5%
Detour Gold Mgmt. <2%
Institutions total >70%

Well financed with C$324 M cash and no debt 4

Share Issuance vs Performance
500%
Source: Tocqueville April 2009 Presentation
Randgold

DGC
400% 11/09 Performance as of Nov. 27, 2009:
374% return since IPO (Jan 31, 2007)
300%
Total Return ($US)

Agnico-Eagle

DGC
200% 07/09 Royal Gold Lihir
Goldcorp
Newcrest Kinross
Spot Gold
100% Buenaventura
Pan American Silver
XAU Freeport McMoran
DGC Ivanhoe Barrick
0% 01/07 AngloGold
Newmont
Harmony
Gold Fields Coeur d’Alene
Silver Standard Golden Star
-100%
0% 100% 200% 300%
Percentage Change in Shares Outstanding**

Notes: Total return in $US from April 2004 - March 2009, including any dividends paid.
Percentage Change in Shares Outstanding from March 2004 - March 2009.
In the case of Randgold and Compania de Buenaventura, the shares were adjusted to reflect a stock split.

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Detour Lake – A World Class Asset
Positive pre-feasibility study:

Open pit reserves of 8.8 M oz @ US$775/oz

Global resources (M+I) of 17.3 M oz

14.5 yrs mine life at 45,000 tpd
mill throughput

Annual gold production of
560,000 oz at cash cost of
US$404/oz
At US$900/oz:

pre-tax NPV @ 5% discount
of US$1.2 billion generating
IRR of 20.1%

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Detour Lake – A World Class Asset

Largest undeveloped reserve in Canada

Ranking 6th in North America
8.8
Gold Reserves in Canada

6.3
5.0
(M oz)

4.0 3.6
2.8
2.3 2.0
1.6 1.4 1.3

Source: BMO Nesbitt Burns August 2009.

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 Detour Lake – A World Class Asset

Detour Lake – discovery of a world 22.4
class, large scale, OP deposit

Global mineral resources:
M+I =17.3 M oz; Inferred = 5.2 M oz
13.2

Excellent potential to further
increase resource base
7.8
8.8
(in millions oz) 3.4
Resources/Reserves 1.7
Inferred
M&I
P&P May 05 Sept. 06 Dec. 07 June 08 Sept 09
Estimated DGC due DGC drilling DGC drilling DGC drilling
by Pelangio diligence (50,000m) (123,000m) (249,000m)

Gold price US$425 US$450 US$575 US$700 US$775

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Detour Lake – A World Class Asset

185 km by road to
project site (last 34 km
gravel)

230 kV powerline from
Detour Lake Fraserdale to site
Gravel (34 km)

Railroad to Cochrane

Tailing facility with
Paved road (151 km)
1-2 yr capacity

Air strip on site

Exploration camp
facilities for 60

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Detour Lake – A World Class Asset
Over 265 km2

Focus of 2007-09 drilling

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Pre-feasibility Results
Mineral Reserves and Mine Plan

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 Detour Lake Pre-Feasibility
Assumptions
Gold price (US$/oz) (1) 775 Tailings
Foreign exchange rate (Cdn$/US$) 1.18 dam

Fuel price (US$/litre) 0.66 Air

strip
Income/mining tax rate (%) 27/10
Net Smelter Return (%) 2 Old Pit
Mine Parameters
Ore milled (Mt) 238.6
West Pit
Waste mined (Mt) 907.9 area

Strip ratio (waste:ore) 3.8:1

Average gold grade (g/t) 1.15
Total contained gold (M oz) 8.81
Estimated gold recovery (%) 91.5
Total recovered gold (M oz) 8.05
Calcite Zone
Mine life (years) 14.5 area
Average annual gold production (oz) 560,000

(1) Approximates the 3-year trailing average

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Detour Lake Mineral Reserves
Open Pit Mineral Reserves at US$775/oz
(cut-off grade of 0.6 g/t)

Reserve Tonnes Grade Gold Ounces

Category (millions) (g/t Au) (000’s)
Proven 61.2 1.40 2,751
Probable 177.4 1.06 6,062
Total (P&P) 238.6 1.15 8,813

1. After a 95% mining recovery rate.

2. The block model applied a mining dilution factor of 13.5% to the resulting ore tonnages.
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Detour Lake Block Model

US$775 reserve pit

>1.0 g/t Au
0.5 - 1.0 g/t Au
<0.5 g/t Au

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Detour Lake Engineered Pit Design

Phase 2

Former Pit

Phase 1

Development strategy:
 High grade ore in years 1 and 2, stockpile (0.6-0.8 g/t)
 Development of Phase 2 by year 3 to smooth strip ratio
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Detour Lake Mine Plans

0.4-0.6 g/t Au 0.6-1.5 g/t Au >1.5 g/t Au

Surface approx. 6270 m

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Detour Lake Mine Plans

0.4-0.6 g/t Au 0.6-1.5 g/t Au >1.5 g/t Au

Surface approx. 6270 m

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Pre-feasibility Results
Infrastructure

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Proposed Site Plan
Overburden
Overburden Tailings Stockpile
Stockpile Facility

Mining Lease

Mine Rock
Camp Stockpile

Open Pit
(US$775/oz) Plant Site
Facility

Mine Rock
Stockpile

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 Plant Design 45,000 tpd
 Small footprint: 1 km2 Tailings
Pipelines

 92% availability Pre-Detox

Thickener
Cyanide
Destruction
Tanks
Leaching
Assay
 Twin lines: Tanks
Laboratory

Pre-Leach
1 SAG (36’) and Thickener Sag Mills

1 ball mill (26’) Ball Mills

Substation Stockpile
Feed Conveyor
Pebble
 Grinding to K80 of 75 µm Crusher

 Gravity recovery 30-50%

 Low cyanide consumption Crushed Ore
Stockpile
Gyratory
Crusher

~0.5 kg/t with 0.05 kg/t

Lead Nitrate
 Leach retention time of 28 hrs
Overall gold recovery: 91.5% at 1.15 g/t head grade 20
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Simplified Process Flowsheet

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Tailings – Development Plan
 Existing 1 yr capacity StageStage
8 - Final
1
2
7
 Downstream
construction
 Capacity of 270 MT
 Space available for
expansion

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 Project Construction Schedule

2H2009 2010 2011 2012

Feasibility study
Optimization
Permitting
Eng.& Procurement
Construction
Production
Note: Subject to permitting and financing.

Plant commissioning projected in 4Q 2012 23

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Pre-feasibility Results
Project Economics

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Summary Economic Analysis
 Base case assumptions
 Gold - US$775/oz
 F/X – $Cdn/$US = 1.18
 Diesel US$0.66/litre
 Power Cdn$0.051/kwh (excl. line losses)
 Assumes purchase of Goldcorp 1% NSR for Cdn$1 million
 At US$775/oz, pre-tax NPV 5% US$621 million, IRR 13.5%,
6.2 yr payback
 At US$900/oz, pre-tax NPV 5% US$1.2 billion, IRR 20.1%,
4.0 yr payback
 Average annual gold production of 560,000 oz
 Average LOM operating cash costs of US$404/oz

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 Capital Expenditures

Estimate ±25% (US$ M)

Description Pre-production Sustaining
Capital Capital
Mining 109 173
Process Plant 402 20
Tailings and Water Management 19 147
Infrastructure and Services 51
Powerline and Main Sub-station 76
Other Indirect 72
EPCM 42
Contingency (10%) 75 36
Mine Closure 41
Total 844 417

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Cash Operating Expenses
US$/t US$/t
US$/oz
milled mined
Average mining costs 6.18 1.29 183
Processing cost 6.26 -- 185
General and administration 1.22 -- 36
Cash operating costs (LOM) 13.66 -- 404
Royalty (2%) -- -- 16

Total operating costs (LOM) -- -- 420

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 Gold Production Profile
 560,000 oz Average Annual Production
 US$404/oz Average Operating Cash Cost
800 $600
700
$500
600

Cash Operating Cost

Gold Production

$400
500

US$oz)
(‘000 oz)

(US$oz
400 $300
300 $200
200
100 $100

0 $0

Payback
@ US$900/oz 4 yrs
@ US$775/oz 6 yrs
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Financial Analysis - Sensitivities

Discount rate Undiscounted 2.5% 5.0% 7.5% 10.0%

NPV pre-tax ($ M) 1,596 1,014 621 353 169

Gold Price US$650 US$775/oz US$900

(US$/oz)
NPV @ 5% (US$ M) 55 621 1,187
IRR (%) 5.8 13.5 20.1

Capex change +10% -10%

NPV @ 5% (US$ M) 519 621 723
IRR (%) 11.7 13.5 15.8

Operating cost +10% -10%

change
NPV @ 5% (US$ M) 435 621 807
IRR (%) 11.2 13.5 15.8

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Sensitivity Graph

1,400
1,200
1,000
NPV 5% (US$ M)

800
600
400
200
0
-200
-20% -10% 0% + 10% + 20%

Revenue Operating Costs Capital Costs

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Opportunities
 Project financing with vendors
 Converting resources to reserves with additional
drilling
 Optimizing mill throughput:
Increase yearly revenues, reduce operating costs
 Optimizing tailings deposition plan:
Capex/opex savings vs. permitting risk
 Stockpiling and processing low-grade material

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Detour Lake Global Mineral Resource Estimate(

Exploration Potential
50% TWD/50% DGC 100% DGC
Ind. 1.2 M oz P&P 8.8 M oz
US$700/oz US$775/oz

Reserves
Exploration Potential

high-grade
Resource Stope
50% TWD/
50% DGC QK Zone

100% DGC Holes drilled post June 1, 2009 cut-off date

Detour Lake Global Mineral Resource Estimate (cut-off grade of 0.6 g/t)
Tonnes Grade Capped Gold Ounces
(millions) (g/t Au) (000’s)
Measured (M) 102.1 1.48 4,846
Indicated (I) 343.8 1.12 12,417
Total (M&I) 445.9 1.20 17,263
Inferred 151.4 1.07 5,189
1. Measured and indicated resources are inclusive of proven and probable reserves.
2. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
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 Comparable Large-Scale OP Projects in Canada
AMC/Total Reserves (US$/oz)1

300 278
250 Feasibility Completed
Financed
200 Pre-feasibility
150 Completed
150
Agnico-Eagle
Eagle

100 89
50
0
(2)
Reserves Cumberland Osisko Detour Gold
P&P 3.0 M oz 6.3 M oz 8.8 M oz
Gold oz/share .02 oz/share .11 oz/share (3)

1. Data revised as of Nov. 27 (closing DGC $16.60).

2. Take over by Agnico-Eagle at approx. US$125/oz on a resource base (announced Feb. 2007).
3. Assumes financed 60% debt /40% equity (assuming 80 M shares outstanding).
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Upcoming Milestones
 Q4 - 2009
 Completion of 80,000 m of additional drilling to be included in
Feasibility Study
 First half – 2010
 Mill throughput optimization based on coarser grind (75 to 105
microns)
 Mineral Reserve update
 Feasibility Study including bank review
 Long lead time mill procurement finalized
 Finalize construction approach (EPCM) and owner’s team
 2010
 Power line permit completion
 Completion of First Nations IBAs
 Vendor-supplier financing negotiations

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 Additional Information

Gerald Panneton, President & CEO

Email: gpanneton@detourgold.com
Ph: 416 304 0800
Laurie Gaborit, Director Investor Relations
Email: lgaborit@detourgold.com
Ph: 416 304 0800

Detour Gold Corp., Royal Bank Plaza, North Tower

200 Bay Street, Suite 2040, Box 23, Toronto, ON, M5J 2J1
www.detourgold.com 35
 DGC=Detour Lake + 50% Block A
Advanced
Exploration
Stage

Ind = 1.2 M oz
Inf = 0.3 M oz
Feasibility stage

US$700 Pit

P&P= 8.8 M oz
US$775 Pit

Historic DDH
DHs in June 08 resource
DHs post-resource
(results announced)

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Management & Directors
Management
 Gerald Panneton, President, CEO & Director
 Michael Kenyon, Chairman (formerly CEO of Canico and Sutton)
 Paul Martin, CFO
 Pat Donovan, Vice President Corporate Development
 Derek Teevan, Vice President Aboriginal & Government Affairs
 Paul Chawrun, Director Technical Services
 Laurie Gaborit, Director Investor Relations
 Denis Caron, Mine Manager
 Bob Jankovic, Chief Geologist
Directors
Michael Kenyon André Gaumond
Peter Crossgrove Ingrid Hibbard
Gerald Panneton Phil Olson
Louis Dionne Jonathan Rubenstein
Ron Thiessen
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 Analyst Coverage (13)
Initiating Firm Analyst Target
Coverage

07.06.11 Haywood Kerry Smith $18.00

07.07.09 Paradigm Don Blyth/Don MacLean $18.75
07.08.07 Raymond James Brad Humphrey $18.75
07.11.26 Wellington West Steve Parsons $20.00
07.12.03 Thomas Weisel Andrew Mikitchook $10.00*
07.12.20 Macquarie Pierre Vaillancourt $15.00
08.01.14 Canaccord Steven Butler $19.50
08.07.14 TD Dan Earle $20.00
08.09.04 RBC Michael Curran $19.00
08.11.06 BMO NB John Hayes Outperform
09.02.25 Fraser Mackenzie Gary Baschuk $16.50
09.06.01 Sandfire Catherine Gignac $17.00
09.06.17 Laurentian Eric Lemieux $16.50
* Target not revised since pre-feasibility results
38