Global measured and indicated mineral resources of 20.5 million ounces (inclusive of mineral reserves)

Advancing North America's 4th Largest Gold Reserves Towards Development

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Message: Daniel Earle,TD Newcrest (9/27/11); Steve Parsons, National Bank Financial (9/26

Daniel Earle, TD Newcrest (9/27/11) "Pre-market yesterday, Detour Gold Corp. announced that it had entered into a definitive agreement to acquire Trade Winds Ventures. . .Trade Winds' principal asset is its interest in a 50/50 joint venture with Detour on the block A property, which is contiguous to the west of the Detour Lake Property. . .we maintain our 12-month target price of $50/share and reiterate our Speculative Buy recommendation: With project financing finalized, construction approximately 40% complete and permitting expected to conclude in the near future, Detour Gold should continue to trend to a premium multiple consistent with eventual upper mid-tier levels of gold production in what we consider to be an attractive mining jurisdiction."

Steve Parsons, National Bank Financial (9/26/11) "Detour Gold Corp.'s proposed acquisition of Trade Winds Ventures adds strategic land position and resources. . .once complete, the deal would add ~2.4 Moz. Au resources (Indicated & Inferred—Trade Winds' share). Most importantly, we see the acquisition as allowing Detour Gold to reinstate its aggressive drill program toward the western portion of the project, with the potential to restore the rapid rate of gold discovery. . .we reiterate our Outperform rating, $49.25 target price."

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