News Column

Detour Gold Announces Results from Annual and Special Meeting

May 10 2013 12:00AM

Marketwire

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TORONTO, ONTARIO -- (Marketwired) -- 05/10/13 -- Detour Gold Corporation (TSX: DGC) ("Detour Gold" or the "Company") today announced that all matters set out in the management information circular dated April 5, 2013 for the 2013 Annual and Special Meeting of Shareholders held on Thursday, May 9, 2013 (the "Meeting") were approved by shareholders. Over 84,104,802 million shares were voted representing 71.34% of the outstanding shares of the Company.

The following ten nominees were elected as directors of Detour Gold. The detailed results of the vote for the election of directors are set out below:

#Votes % Votes Nominee # Votes For % Votes For Withheld Withheld---------------------------------------------------------------------------- Peter E. Crossgrove 71,992,907 88.31 9,523,508 11.69---------------------------------------------------------------------------- Louis Dionne 69,987,327 85.93 11,459,088 14.07---------------------------------------------------------------------------- Robert E. Doyle 70,546,050 86.62 10,900,365 13.38---------------------------------------------------------------------------- Andre Falzon 81,164,918 99.65 281,497 .35---------------------------------------------------------------------------- Ingrid J. Hibbard 64,721,603 79.47 16,724,812 20.53---------------------------------------------------------------------------- J. Michael Kenyon 56,772,659 69.71 24,673,756 30.29---------------------------------------------------------------------------- Alex G. Morrison 80,610,477 98.97 835,938 1.03---------------------------------------------------------------------------- Gerald Panneton 78,310,754 96.15 3,135,661 3.85---------------------------------------------------------------------------- Jonathan Rubenstein 77,520,160 95.18 3,926,255 4.82---------------------------------------------------------------------------- Graham Wozniak 80,568,137 98.92 878,278 1.08----------------------------------------------------------------------------



Mr. Andre Falzon, the newest addition to the board, was appointed on April 1, 2013 and will also be on the Company's Audit and Corporate Governance and Nominating Committees. Mr. Falzon is a Chartered Accountant and senior financial executive with over 25 years of experience in the mining industry. He was the Vice President and Controller at Barrick Gold Corporation between 1994 and 2006, and currently serves as Board Member and Audit Committee Chair for both Aurizon Mines Ltd. and African Barrick Gold plc. Mr. Falzon obtained his Bachelor of Commerce Degree from the University of Toronto and is a CGA (Canada) and CPA, CA (Canada). His many years of practical financial and management experience will prove beneficial to the Company as it joins the rank of the mid-tier gold producers.

The Company's shareholders also approved the appointment of KPMG LLP, Chartered Accountants, as the auditors of the Company for the fiscal year ending December 31, 2013; an amendment to the Company's articles to increase the maximum number of directors from 10 to 16; the renewal of the Company's amended and restated Share Option Plan; and amendments to the Company's by-laws to include advance notice provisions.

Each of the matters voted upon at the Meeting is discussed in detail in the Company's Management Information Circular dated April 5, 2013, which can be found on Detour Gold's website: http://www.detourgold.com/investors-centre/Financials-and-Filings/default.aspx.

Final voting results on all matters voted on at the Meeting will be filed on SEDAR at www.sedar.com.

About Detour Gold

Detour Gold is an emerging mid-tier gold producer in Canada. The Detour Lake open pit mine is expected to produce an average of 657,000 ounces of gold annually over a period of 21.5 years. Detour Gold's shares trade on the Toronto Stock Exchange under the trading symbol DGC.

Forward-Looking Information

This press release contains certain forward-looking information as defined in applicable securities laws (referred to herein as "forward-looking statements"). Specifically, this press release contains forward-looking statements regarding annual production of 657,000 ounces of gold over a period of 21.5 years. Forward-looking statements involve known and unknown risks, uncertainties and other factors which are beyond Detour Gold's ability to predict or control and may cause Detour Gold's actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, gold price volatility, changes in debt and equity markets, the uncertainties involved in interpreting geological data, increases in costs, environmental compliance and changes in environmental legislation and regulation, interest rate and exchange rate fluctuations, general economic conditions and other risks involved in the gold exploration and development industry, as well as those risk factors discussed in the section entitled "Description of Business - Risk Factors" in Detour Gold's 2012 AIF and in the continuous disclosure documents filed by Detour Gold on and available on SEDAR at www.sedar.com. Such forward-looking statements are also based on a number of assumptions which may prove to be incorrect, including, but not limited to, assumptions about the following: the availability of financing for exploration and development activities; operating and capital costs; the Company's ability to attract and retain skilled staff; the mine development schedule; sensitivity to metal prices and other sensitivities; the supply and demand for, and the level and volatility of the price of, gold; timing of the receipt of regulatory and governmental approvals for development projects and other operations; the supply and availability of consumables and services; the exchange rates of the Canadian dollar to the U.S. dollar; energy and fuel costs; the accuracy of reserve and resource estimates and the assumptions on which the reserve and resource estimates are based; market competition; ongoing relations with employees and impacted communities and general business and economic conditions. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements contained herein are made as of the date hereof, or such other date or dates specified in such statements. Detour Gold undertakes no obligation to update publicly or otherwise revise any forward-looking statements contained herein whether as a result of new information or future events or otherwise, except as may be required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.



Contacts:
Detour Gold Corporation
Gerald Panneton
President and CEO
(416) 304.0800

Detour Gold Corporation
Laurie Gaborit
Director Investor Relations
(416) 304.0581

Detour Gold Corporation
Royal Bank Plaza, South Tower
200 Bay Street, Suite 2200
Toronto, Ontario
M5J 2J1





Source: Marketwire