Advancing One of Canada's Largest Undeveloped Gold Resources Towards Development

Detour Gold Corporation (TSX:DGC) is a Canadian gold exploration and development company with a highly experienced management and technical team whose primary focus is to advance the development of its flagship Detour Lake project located on the northern most, relatively under-explored Abitibi Greenstone Belt in northeastern Ontario.

Detour Gold listed on the Toronto Stock Exchange on January 31, 2007 after a successful initial public offering, raising gross proceeds of C$35 million. In August 2006, the Company had signed an agreement to purchase the Detour Lake asset from Pelangio Mines Inc. With the closing of the transaction, Pelangio received a total of C$5 million and 20 million shares of Detour Gold, now representing a 42% equity interest in Detour Gold on a fully diluted basis.

The Detour Lake asset encompasses 265 square kilometers of prospective ground, including the Detour Lake deposit, which produced 1.8 million ounces of gold from 1983 to 1999. On July 2, 2008, Detour Gold reported an updated resource of 10.8 million ounces in the measured and indicated categories and 2.4 million ounces in the inferred category, based on a detailed engineered pit design (refer to July 2, 2008 press release). In addition, Detour Gold has a 50% interest in the adjacent Block A.

There is excellent potential to further increase the resource base especially to the west of the Calcite Zone and below the former open pit. Approximately 40% from the Phase II drilling program (142, 000 metres) remains to be released and an additional 30,000 metres of drilling (Phase III) is currently underway to properly continue the infill of the deposit on a 40 metre by 40 metre grid and to expand the deposit to the west.

The feasibility study is underway and is expected to be completed by the end of 2008.

You can follow the progress of our drilling program by visiting "Explore Detour Lake" on our website.