1

CANADA’S INTERMEDIATE GOLD PRODUCER

Annual General Meeting of Shareholders

May 5, 2015

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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 2015 guidance for

production, total cash costs, all-in sustaining costs, capital costs, deferred stripping costs, and exploration costs; expected throughput,

mining and recovery rates; expected future production and mining activities; opportunities to optimize the mine operation; timeline for the

life of mine plan update, second test for the processing of fines, and exploration program; and opportunities to optimize the mine operation.

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 2014 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 scientific and technical content of this presentation was reviewed, verified and approved by Drew Anwyll, P.Eng., Senior Vice President

Technical Services, and exploration results was reviewed, verified and approved by Guy MacGillivray, P.Geo.., Exploration Manager , both

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, 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.

Commencing in 2015, the Company adopted all-in sustaining costs on a prospective basis. The Company believes this measure 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.

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Unique Investment Opportunity

GROWING

CASH FLOW

ATTRACTIVE

VALUE

PROPOSITION

SIGNIFICANT

PRODUCTION

GROWTH

5

2015 Production Guidance (Koz)

Mining friendly jurisdiction

DGC

Detour Lake

AEM/YRI

Canadian

Malartic

AEM

Meadowbank

G

Red Lake

Canadian Intermediate Gold Producer

DOMINANT GOLD

PRODUCER IN CANADA

400-

425

560 475-

525 400

6

Gold Reserves (Moz)

DGC

Detour Lake

AEM/YRI

Canadian

Malartic

AEM

Meadowbank

G

Red Lake

Canadian Intermediate Gold Producer

LARGEST RESERVES OF

CANADIAN PRODUCERS

2.1

15.0

8.7

1.2

#1 in Canada

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Zero Harm is Our Goal

Serious Injury

Frequency Rates1

2.4 2.5

3.9

0

0.5

1

1.5

2

2.5

3

3.5

4

2014 Safety Performance

2013 2014 2014 ON

Average2

2014

Slight increase over 2013

Well below the Ontario mining industry

average

2015 Initiatives

Safety Leadership for Safe Production

Life Saving Rules

1. Serious injury frequency rates = number of recorded injuries per 200,000 hours worked.

2. 2014 Ontario Mining Industry average (source: Workplace Safety North, WSIB).

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Near doubling of gold production with

21% decrease in total cash costs

Debt reduced by US$57 million

Successful results from processing

fines from low-grade stockpile

Encouraging high-grade drilling results

at Lower Detour

232

457 $1,182

$928

$300

$500

$700

$900

$1,100

$1,300

$1,500

0

50

100

150

200

250

300

350

400

450

500

457 232 ■Total Cash Costs (US$/oz sold)1

■Gold Production (K oz)

2013 2014

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

2014 Achievements

Delivered on production, cost, and capex

Detour Lake Mine

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2015 Drivers to Success

Execution of Plan

Gold production increase with higher

mining and milling rates

Strengthen balance sheet

Added Benefits

Significant leverage to gold price and

Canadian dollar

Low power and declining diesel costs

Near to Long-Term Value Enhancements

Processing fines

Pebble extraction

Exploration potential

10

third year

of operation

2015

2015 Guidance1

TCC1

$780-

$850

AISC/oz sold2

$1,050-$1,150

Capital Expenditures

Sustaining capital: $90-100 M

ACHIEVABLE

475,000 -

525,000

Gold ounces

ESTIMATED

COSTS

ESTIMATED

PRODUCTION

Deferred stripping: $20-25 M

1. Cost assumptions (US$): Gold price of $1,200/oz, diesel fuel price of $0.82 per litre; power cost of $0.04 per kilowatt hour;

and exchange rate of $1.00US:$1.15Cdn.

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

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Prudent Financial Management

Hedge up to 50% of 2015 Gold Production

Forward sales on 85,000 oz @ US$1,255/oz

Currency Exchange Contracts

Zero-cost collars for US$90 M with a ceiling

of 1.20; Forward contracts for US$50 M at

average 1.26

Hedge ~50% of Q2-Q3 Diesel Use

Purchasing diesel product (~12 M litres) at

effective hedge price of C$0.80/litre

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2015 Key Targets

PLAN FOR MILL

~54,000 tpd mill throughput

(milling rates of ~2,600 tpoh

at 87% availability)

2

Improve mill availability

PLAN FOR MINE

238,000 tpd average mining rate

(approx. 87 Mt total mined)

1

Improve drilling performance

and increase shovel productivity

FOCUS: FOCUS:

Strong focus on optimization and efficiency

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270

220

238 238 238

5 20 30

170

180

190

200

210

220

230

240

250

260

270

Positive progress on drilling rates, blasted inventory, and shovel

productivity

Operating at budget rate of 238,000 tpd for last 3 months (last 2

months at 257,000 tpd)

Q2E Q4E Q3E

2015 Mining Rates (ktpd)

Targets for

improvement 250

210

170

2015 Plan for Mine

Q1

2015 Budget of 238,000 tpd (Phase 1 & 2)

Avg last 2 mths

190

230

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2015 Estimated Production(Koz)

0

20

40

60

80

100

120

140

160

180

200

Work towards bringing Q4 ounces into Q3 (i.e. Q4 ROM

stockpile of 1.8 Mt at 0.80 g/t)

Target of 250,000 tpd for year-end achievable

200

160

120

80

40

0

Higher mining rates provides operational flexibility

2015 Mine Plan Upside

H H

H L

L L

SP

106

MT mined

3.5:1 STRIP RATIO

waste:ore

MT ROM stockpiles

87

1.8

2015 Mine Plan

Q2E Q4E Q3E Q1

15

48

55 55 55

30

40

50

60

Q1'15 Q2'15 Q3'15 Q4'15

Last 2 months at 59,000 tpd, exceeding design capacity by 7%

Targeting throughput rate of 54,000 tpd for 2015

Plant stabilization since mid-February

2015 Plan for Mill

2015 Mill Throughput (Ktpd)1

Avg last 2 mths

MT ore milled

0.86 G/T AU

head grade

% gold recovery

19.7

91.5

2015 Mine Plan

Q2E Q4E Q3E Q1

1. 55,000 tpd is the budget average throughput for Q2-Q4.

60

50

40

30

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Realizing on Near-Term Opportunities

LOM Plan Update in Q4

5 options being reviewed that include Block A

Low-grade Stockpiles (not in reserves)

Second test in H2: 4,000 t of enriched material

to be processed

Pebble Circuit Extractor

Design completed; evaluating integration with

operations

Increase Exploration Activities

Start 30,000 metre drilling program at Lower

Detour this summer

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2015 Exploration focus: Lower Detour

Promising Exploration on 630 km2

Q1 Drilling Program

5,700 m completed at Lower Detour:

extended high-grade mineralization of

Zone 58N

Q2-Q3 Drilling Program

30,000 m additional drilling: 50-metre infill

totaling 50 holes to assess UG potential

(budget of $5 M)

Regional Potential

Target identification following airborne

magnetics and IP ground surveys

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Lower Detour Area

630 km2

Q1 2015 Drilling: Lower Detour

Block A

Resource

Detour Lake

OP Mine

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Q1 2015 Drilling: Lower Detour

1.96/31

Inc. 4.15/8.7

1.64/38.5

Inc. 4.91/6.5

1.55/35

11.82/32.4

3.46/10.3

12.74/28

1.72/21

1.55/16

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PRODUCTION GROWTH /

DECLINING UNIT COSTS

REALIZE VALUE-ENHANCING

OPPORTUNITIES

MATERIAL INPUTS TRENDING

FAVOURABLY

GROWING CASH FLOW

A GREAT TIME TO BE A

GOLD PRODUCER!