Detour Gold Completes C$282 Million Bought Deal Financing

TORONTO, ONTARIO--(Marketwire - July 19, 2010) -

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Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") is pleased to announce that it has completed its previously announced bought deal public offering of common shares. In addition to the 10,500,000 common shares the underwriters initially agreed to purchase, the underwriters, led by BMO Capital Markets, TD Securities Inc. and RBC Capital Markets, purchased 1,250,000 of the 1,575,000 common shares available for issuance pursuant to the exercise of their over-allotment option. In total, 11,750,000 common shares were issued for aggregate gross proceeds of C$282 million.

The Company intends to use the net proceeds of the offering to advance its Detour Lake gold project and for general corporate purposes.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

About Detour Gold

Detour Gold is a Canadian gold exploration and development company whose focus is to advance the development of its Detour Lake gold project located in northeastern Ontario. Detour Gold's shares trade on the Toronto Stock Exchange under the trading symbol DGC.

Detour Gold Corporation, Royal Bank Plaza, South Tower, 200 Bay Street, Suite 2200, Toronto, Ontario M5J 2J1.