Mr. Gerald Panneton reports

DETOUR GOLD ANNOUNCES C$241 MILLION BOUGHT DEAL OFFERING

Detour Gold Corp. has entered into an agreement with a syndicate of underwriters, led by BMO Capital Markets and CIBC, under which the underwriters have agreed to buy 8.6 million common shares of the company at a price of $28 per common share, representing total gross proceeds of $240.8-million. In addition, the underwriters will also have an overallotment option exercisable at any time until 30 days following the closing of the offering to increase the size of this offering by up to an additional 1.29 million common shares, for additional gross proceeds of up to $36.12-million.

The company intends to use the net proceeds of the offering to complete the $1.45-billion construction of its Detour Lake gold project, the economic studies for Block A near-surface resources and further exploration on the Lower Detour deformation zone, and for working capital and general corporate purposes. These proceeds, together with cash on hand and the CAT financing, are sufficient to finance the project through to production. As of Nov. 30, 2011, the company had committed $1.05-billion toward capital expenditures, of which $626-million has been incurred.

Closing of this offering is expected to be on or about Feb. 14, 2012, and is subject to certain conditions, including, but not limited to, receipt of all necessary securities regulatory approvals (including the approval of the Toronto Stock Exchange).

We seek Safe Harbor.