Detour Gold Corporation (TSX: DGC) ("Detour Gold" or the
"Company") is pleased to announce that the Wahgoshig First Nation
("WFN") and Detour Gold have signed a Letter of Intent ("LoI") to guide
their relationship through the development of the Detour Lake gold
project.
Chief Babin of WFN commented, "This letter of intent will create the
basis for our community to participate in the business, employment and
training opportunities on our land as well as working towards building a
positive future for our children."
Gerald Panneton, President and CEO of Detour Gold noted, "The WFN
community's commitment to the environment and to sustainable development
makes them an excellent participant in the upcoming development of the
Detour Lake open pit mine."
The LoI outlines the parties' commitment to develop an Impact and
Benefit Agreement (IBA) and WFN participation in the environmental
assessment and permitting of the Detour Lake mine.
For further information please contact:
Gerald Panneton
President and CEO
Detour Gold Corporation
Tel: (416) 304-0800
David Babin
Chief, Wahgoshig First Nation
Tel: (705) 273-2055
Derek Teevan
VP Government and Aboriginal Affairs
Detour Gold Corporation
Tel: (416) 304-0800
Denyse Nadon
Lead Negotiator
Wahgoshig First Nation
Tel: (705) 272-2055
Detour Gold Corporation, Royal Bank Plaza, North Tower, 200 Bay Street,
Suite 2040, Toronto, Ontario M5J 2J1; www.detourgold.com.
Forward Looking Information
This press release contains certain forward-looking information as
defined in applicable securities laws (referred to herein as
"forward-looking statements"). Specifically, this press release contains
forward-looking statements regarding Detour Gold's intent to advance
the Detour Lake project towards the development stage. 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; receipt of the permits and regulatory approvals required 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
resource estimates and the assumptions on which the resource estimates
are based; market competition; ongoing relations with employees and
local communities, and the execution of impact and benefit agreements to
these impacted communities; and general business and economic
conditions. 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.
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