Detour Gold Corporation (TSX: DGC) ("Detour Gold" or the "Company") corrects false assertions made by Paulson & Co. ("Paulson") on August 28, 2018 regarding the Company's director and officer shareholdings.

Paulson & Co. ("Paulson"), through its principal spokesperson Marcelo Kim, has established a record of being impulsive and inexperienced. On August 28, 2018, Paulson, we believe knowingly, defamed the Company by providing false information to the market on director and officer share ownership and ignoring the cost of exercising the options.

Examples that immediately call into question Paulson's credibility, either because of its inability to understand basic financial information or its willingness to knowingly mislead:

    --  Mr. Kenyon actually increased his shareholdings by 7,073 shares
        (from 72,500 to 79,573 shares) when he exercised the 90,000
        stock options which were expiring. The shares he sold were sold
        to cover the exercise price and tax liability.
    --  Mr. Robert Doyle has not sold a share. Paulson incorrectly
        informed the market of its assumption that Mr. Doyle exercised
        and then sold his shares. This is false. Mr. Doyle exercised
        his options which were expiring, paying for the cost of such
        exercise, and has not sold a single share.
    --  Although Mr. Rubenstein sold the shares acquired on the
        exercise of his stock options, the proceeds to him before tax
        (after paying the exercise price) were only $19,620. Paulson
        overstates Mr. Rubenstein's proceeds by almost $100,000.

Marcelo Kim and Paulson are willing to say and do anything to prop up their failing activist campaign. A retraction of their false statements is in order.

Shareholders have a clear choice between an inexperienced and impulsive Paulson activist fund whose very involvement with Detour Gold is destroying value, and an experienced and responsible Board and Management team committed to uncovering strategic opportunities and executing on the life of mine plan.

Advisors

The Company has retained Kingsdale Advisors as its strategic shareholder and communications advisor, BMO Capital Markets as its financial advisor, and McCarthy Tétrault LLP and Norton Rose Fulbright LLP as its legal advisors.

About Detour Gold

Detour Gold is an intermediate gold producer in Canada that holds a 100% interest in the Detour Lake mine, a long life large-scale open pit operation. Detour Gold's shares trade on the Toronto Stock Exchange under the trading symbol DGC.

For further information, please contact:

    Media Contact:                                   Shareholder and Investor Contact:


    Ian Robertson                                    Laurie Gaborit, VP Investor Relations

    Executive Vice President, Communication Strategy Detour Gold Corporation

    Kingsdale Advisors                               Tel: 416-304-0581

    Direct: 416-867-2333                             Email: [email protected]

    Cell: 647-621-2646

    Email: [email protected]

Detour Gold Corporation, Commerce Court West, 199 Bay Street, Suite 4100, P.O. Box 121, Toronto, Ontario M5L 1E2

SOURCE Detour Gold

View original content with multimedia: http://www.newswire.ca/en/releases/archive/August2018/29/c3977.html

SOURCE: Detour Gold

Media Contact: Ian Robertson, Executive Vice President, Communication Strategy,
Kingsdale Advisors, Direct: 416-867-2333, Cell: 647-621-2646, Email:
[email protected]; Shareholder and Investor Contact: Laurie Gaborit,
VP Investor Relations, Detour Gold Corporation, Tel: 416-304-0581, Email:
[email protected]