Mr. Gerald Panneton reports

DETOUR GOLD COMPLETES C$277 MILLION BOUGHT DEAL FINANCING

Detour Gold Corp. has completed its previously announced bought-deal public offering of common shares. In addition to the 8.6 million common shares the underwriters initially agreed to purchase, the underwriters, led by BMO Capital Markets and CIBC, purchased all of the 1.29 million common shares available for issuance pursuant to the exercise of their overallotment option. In total, 9.89 million common shares were issued for aggregate gross proceeds of $276.92-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, and for economic studies on the Block A near-surface resources, working capital and for general corporate purposes, including further exploration on the Lower Detour deformation zone. These proceeds, together with cash on hand and the CAT financing, are sufficient to finance the project through to production. As of Dec. 31, 2011, the company had committed $1.09-billion toward capital expenditures, of which $680-million has been incurred.

We seek Safe Harbor.