Detour Gold Amends Letter of Agreement With Conquest Resources for Claims Adjacent to the Detour Lake Project

TORONTO, ONTARIO -- (Marketwire) -- 08/10/10 -- Detour Gold Corporation (TSX: DGC) ('Detour Gold' or the 'Company') announces that it has amended a previously executed letter of agreement (the 'LOA') with Conquest Resources Limited ('Conquest') pursuant to which Detour Gold will purchase Conquest's Aurora and Tie-In claim blocks (the 'Aurora Claims') and will have the option to acquire a 50% interest in Conquest's Sunday Lake claim block (the 'Sunday Lake Claims') located immediately south and east of the Company's Detour Lake project, respectively (the 'Transaction').

Conquest has announced that it has entered into an agreement with NVI Mining Ltd. ('NVI') to purchase for $1 million ($500,000 in cash and the remainder by the issuance of Conquest's shares) the remaining 40% interest that it did not already own in the Aurora Claims and the Sunday Lake Claims and the 2% net smelter royalty interest held by NVI. Pursuant to the agreement with NVI, Conquest will not be required to complete the remaining exploration expenditures of $2.13 million on both properties. Both properties remain subject to an interest held by Prism Resources Inc. equal to 7.5% of the net profits from the properties.

Pursuant to the terms of the amended LOA, Detour Gold will pay an additional $1 million for a total of $2 million in cash to reflect the above separate agreement between Conquest and NVI, and will, subject to regulatory approval, still issue 100,000 common shares of Detour Gold to Conquest. As previously announced, on the closing of the Transaction, Detour Gold will enter into an option and joint venture agreement with Conquest pursuant to which Detour Gold will have an option to acquire a 50% interest in a joint venture with Conquest on the Sunday Lake Claims by incurring $1 million in exploration expenditures over the next two years (the 'Sunday Lake Expenditures'). On closing, Detour Gold will have a 100% interest in the Aurora Claims. After completing the Sunday Lake Expenditures, Detour Gold will have a 50% interest in a joint venture with Conquest on the Sunday Lake Claims.

Detour Gold is acquiring the Aurora Claims to accommodate the infrastructure requirements for the development of its Detour Lake mine. In addition, the Conquest land package will allow Detour Gold to further expand its regional exploration program on what is believed to be a prospective area of this relatively under-explored portion of the Abitibi Greenstone Belt. Detour Gold's current land position of 376 sq. km would increase to 466 sq. km.

The Transaction is expected to close in the second half of 2010. Closing of the Transaction is conditional upon (i) completion of satisfactory due diligence by Detour Gold; (ii) receipt of regulatory, contractual and corporate consents and approvals; (iii) entering into of a formal agreement for the Transaction; (iv) Detour Gold and Conquest entering into a joint venture agreement providing Detour Gold with a right to earn a 50% interest in Conquest's interest in the Sunday Lake Claims; and (v) the satisfaction of other customary conditions.

About Detour Gold

Detour Gold is a Canadian gold exploration and development company whose primary focus is to advance the development of its flagship Detour Lake gold project located in northeastern Ontario towards production. 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 the closing of the Transaction, the expansion of Detour Gold's regional exploration program and the prospects of this expanded area of exploration and the advancement of the Detour Lake gold project. 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 actual results, performance or achievements to be materially different from any of future results, performance or achievements expressed or implied by forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, the satisfaction of the closing conditions of the Transaction, 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 2009 annual information form. 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 satisfaction of the closing conditions of the Transaction, the availability of financing for exploration and development activities; the estimated timeline for the development of the Detour Lake gold project; the supply and demand for, and the level and volatility of the price of, gold; the accuracy of reserve and resource estimates and the assumptions on which the reserve and resource estimates are based; the receipt of necessary permits; 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. 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.

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