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Detour Gold Corp
Symbol DGC
Shares Issued 101,761,664
Close 2012-01-19 C$ 26.75
Market Cap C$ 2,722,124,512
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Detour Gold signs Metis Nation of Ontario agreement

2012-01-19 17:14 ET - News Release

Mr. Gerald Panneton reports

DETOUR GOLD CONCLUDES IMPACT AND BENEFIT AGREEMENT WITH METIS NATION OF ONTARIO

Detour Gold Corp. and the Metis Nation of Ontario (MNO), as represented by its President Gary Lipinski and the MNO's Regional Consultation Committee for the James Bay-Abitibi/Temiscamingue areas, have finalized an impact and benefit agreement (IBA) with respect to the development and operation of the company's Detour Lake gold mining project in Northeastern Ontario. A formal signing ceremony will be held in the near future.

The IBA includes provisions on how the Metis community will benefit from the development of the Detour Lake project and throughout the life of the mine, including employment and business opportunities, training and education initiatives and financial participation in the project. The IBA also establishes a Metis scholarship and bursary program at College Boreal and Northern College. Further details about the scholarships criteria will be released in partnership with the colleges in their student handbooks. The IBA reflects Detour Gold's commitment to protecting the environment and wildlife, and supporting the community's social and cultural practices in a spirit of continued co-operation.

Gerald Panneton, president and chief executive officer of Detour Gold, stated: "We are very pleased with our working relationship with the MNO and to have this agreement in place. It is exciting that they have partnered with us to create the Metis scholarships and bursaries at the colleges that will provide educational financial support to Metis youth for the next two decades."

MNO's president, Gary Lipinski, commented: "This IBA is the first-of-its-kind between a mining company and a Metis community. It represents a significant step forward in relations between the mining industry and Ontario Metis. We applaud Detour Gold's leadership in working collaboratively with the Metis community on environmental issues and ensuring it will benefit from the Detour Lake project."

Marcel Lafrance, chair of the MNO Regional Consultation Committee for the James Bay-Abitibi/Temiscamingue areas, highlighted: "This IBA could not have been achieved without the support and engagement of the Metis community as well as co-operation amongst the Community Councils in the region. We look forward to continuing to work with Detour Gold for the benefit of our citizens and the future success of our youth."

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