By accessing this website (the “Site”) or downloading its content, you agree to be bound by the terms and conditions set out in this legal notice and any other law, regulation, rule or ordinance that applies to the Site. IF YOU DO NOT AGREE TO THESE TERMS AND CONDITIONS, DO NOT ACCESS THE SITE OR DOWNLOAD ITS CONTENT.

Paulson (as defined below) may revise any of these terms and conditions at any time without notice, by updating this posting and your continued use of the Site following the posting of changes to these terms and conditions will mean you accept such changes.

The information contained on the Site is made available by or on behalf of Paulson & Co. Inc., as manager of PFR Gold Master Fund Ltd., Paulson Advantage Master Ltd. and Paulson Advantage Plus Master Ltd. (“Paulson”) for information purposes only in connection with the special meeting of shareholders of Detour Gold Corporation (“Detour”) that Paulson has requisitioned Detour’s board of directors to call, including any and all adjournments or postponements of such meeting (the “Meeting”).

By using the Site and submitting your Personal Information (as defined in Paulson’s Privacy Policy), you are consenting to Paulson’s treatment of your Personal Information and Technical Information (as defined in Paulson’s Privacy Policy) as described in Paulson’s Privacy Policy. IF YOU DO NOT AGREE WITH THESE TERMS AND CONDITIONS OR PAULSON’S PRIVACY POLICY, DO NOT ACCESS THE SITE OR DOWNLOAD ITS CONTENT.

In connection with the Meeting, Paulson will file an information circular (the “Paulson Circular”) containing the information required by Form 51-102F5 – Information Circular in respect of its proposed nominees (the “Paulson Nominees”) for election to the board of directors of Detour at the Meeting.

Once the Paulson Circular is available, investors and shareholders may obtain free copies of the Paulson Circular on the Site or Detour’s company profile on the SEDAR website at Shareholders may also obtain free copies of the Paulson Circular and other relevant documents by calling Paulson’s proxy solicitation agent, MacKenzie Partners, Inc., at 1-800-322-2885(toll-free) or (212) 929-5500(collect calls) or e-mail at SHAREHOLDERS OF DETOUR ARE STRONGLY ADVISED TO READ THE PAULSON CIRCULAR BECAUSE IT CONTAINS IMPORTANT INFORMATION.

Copyright and Trademarks

Certain material found on the Site is protected by copyright. Certain names, graphics, logos, icons, designs, words, titles or phrases on the Site may constitute trade names, trademarks or service marks of Paulson or other entities. Trademarks may be registered in Canada and in other countries. The display of trademarks on pages at the Site does not imply that a license or right to use of any kind has been granted. Except for non-commercial, personal or educational purposes, where the material is not modified and that copyright or trademark notices are not deleted, materials may not be copied, reproduced, modified, uploaded, posted, transmitted, or distributed in any way without Paulson’s prior written approval. Any unauthorized downloading, re-transmission or other copying or modification of trademarks and/or the contents of the Site may be a violation of federal or common law, trademark and/or copyright laws and could subject the copier to legal action.


Hyperlinks available on the Site will allow you to link to websites not maintained or controlled by Paulson. Paulson provides these links for your convenience only and is not responsible for the content of any linked website and makes no representation or endorsement whatsoever about any other website that you may access through the Site. It is your responsibility to ensure that any website you choose to use is free of potentially destructive items such as viruses.

No Offer, Invitation, Solicitation or Recommendation to Invest, Buy or Sell

No information on the Site constitutes or shall be deemed to constitute an offer, invitation, solicitation or recommendation to invest or otherwise deal in shares or other securities of Detour and the information contained herein does not constitute an offer to purchase or the solicitation of an offer to sell any such securities. The Site must not be relied upon in connection with any investment decision. If you are considering an investment, you should make your own, independent assessment and obtain appropriate professional advice

Information Accuracy

The information on the Site is provided “as is” without warranties of any kind either express or implied. Due to the nature of the internet, none of Paulson, its affiliates or funds managed by it or any of their respective directors, officers, partners, members, employees, consultants, agents or other representatives can or does guarantee the currency, accuracy, completeness, non-infringement or authenticity of the information contained in the Site or its suitability for any purpose. All information contained on the Site, including all stock price information, is provided for informational purposes only, and is not intended for, or to be relied upon, for any trading, business, financial or other purposes. IN NO EVENT WILL PAULSON, ITS AFFILIATES OR FUNDS MANAGED BY IT OR ANY OF THEIR RESPECTIVE DIRECTORS, OFFICERS, PARTNERS, MEMBERS, EMPLOYEES, CONSULTANTS, AGENTS OR OTHER REPRESENTATIVES BE LIABLE FOR ANY DAMAGES WHATSOEVER, INCLUDING SPECIAL, INDIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES, ARISING OUT OF OR IN CONNECTION WITH THE USE OF THE SITE OR THE CONTENT AVAILABLE OR REFERRED TO ON THE SITE, OR ANY OTHER WEBSITE YOU MAY ACCESS THROUGH THE SITE.

Cautionary Statement About Forward-Looking Information

Certain statements and information contained in the Site, the documents accessible on the Site and the documents incorporated by reference in the Site may constitute “forward-looking information”, as such term is defined in applicable Canadian securities legislation. The words “may”, “would”, “could”, “should”, “potential”, “will”, “seek”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions as they relate to Paulson, Paulson’s intentions or  objectives as they relate to Detour and its shareholders, the impact of  the Paulson Nominees, if elected, on the financial condition, operations, business, strategies, revenue, competitive position of Detour, or its future management and other matters, are intended to identify forward-looking information. All statements other than statements of historical fact may be forward-looking information.

Material factors or assumptions that were applied in providing forward-looking information, include, but are not limited to, Detour’s future growth potential, its results of operations, future cash flows, the future performance and business prospects and opportunities of Detour, the election  and support of the Paulson Nominees, the ability of the Paulson Nominees, if elected, to effect positive change at Detour, the response to and outcome of any court applications that may be made against Paulson, the implementation and timing of Detour’s business strategy and the current general regulatory environment and economic conditions remaining unchanged.

Forward-looking information contained in the Site, the documents accessible on the Site and the documents incorporated by reference in the Site reflect the current views, expectations and intentions of Paulson regarding future events and operating performance of Detour, and speak only as of the date of the document in which the forward-looking information is provided or made. Such forward-looking information is based on currently available competitive, financial and economic data and operating plans and are subject to known and unknown risks, uncertainties, assumptions and other factors which may cause the actual results, performance or achievements of Detour, or general industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Uncertainty and volatility regarding global financial and credit markets may impact the global, North American and Canadian economies in unpredictable ways and may impact the results of Detour in a manner which is currently impossible to ascertain. Many other factors could also cause Detour’s actual results, performance or achievements to vary from those expressed or inferred herein, including without limitation, the possibility that the anticipated benefits from the election of  the Paulson Nominees cannot be fully realized or may take longer to realize than expected;the ability of Detour to retain and hire key personnel and maintain relationships with customers, suppliers or other business partners following the election of the Paulson Nominees; the impact of legislative, regulatory, competitive and technological changes; the state of the economy; credit and equity markets; availability of credit and other financing; and the financial markets in general; gold price volatility; the uncertainties involved in interpreting geological data; increases in costs; environmental compliance and changes in environmental legislation; regulation and policies; support of the Detour’s Aboriginal communities; receipt of permits; interest rate and exchange rate fluctuations; general economic conditions and other risks involved in the gold exploration, development and production industry. Many of these risks and uncertainties could affect Detour’s actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking information provided by Paulson. The impact of any one factor on a particular piece of forward-looking information is not determinable with certainty as such factors are interdependent upon other factors, and Paulson’s course of action would depend upon its assessment of the future considering all information then available.

Should any factor affect Detour or Paulson in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. All of the forward-looking information reflected in the Site is expressly qualified by this cautionary statement. In addition, each document accessible on the Site and the documents incorporated by reference in the Site may contain cautionary statements qualifying forward-looking information contained therein. Moreover, Paulson does not assume responsibility for the accuracy of completeness of such forward-looking information. There can be no assurance that the results or developments anticipated by Paulson will be realized or, even if substantially realized, that they will have the expected consequences for Detour. Forward-looking information  contained in the Site, the documents accessible on the Site and the documents incorporated by reference in the Site is made as of the date of the document in which the forward-looking information is provided or made and except as may be required by applicable law, Paulson disclaims any intention and assumes no obligation to publicly update or revise any forward-looking information whether as a result of new information, future events or otherwise.


As a user of the Site, you agree to defend, indemnify and hold Paulson, its affiliates and funds managed by it and each of its respective directors, officers, partners, members, employees, consultants, agents and other representatives harmless from any and all claims, liabilities, costs and expenses, including attorneys’ fees, related to your violation of the terms and conditions of this legal notice. 


The Site originates in British Columbia,Canada. The use of the Site by a person in a jurisdiction outside of the Province of Ontario does not subject Paulson, its affiliates or funds managed by it or any of their respective directors, officers, partners, members, employees, consultants, agents or other representatives to judicial process in or to the jurisdiction of courts or other tribunals in any other jurisdiction or location. The Site shall be governed by and construed in accordance with the laws of the Province of Ontario and the federal laws of Canada applicable therein. All disputes, proceedings or claims arising out of or in connection with the Site shall be submitted and be subject to the exclusive jurisdiction of the Courts of the Province of Ontario. Paulson does not represent or warrant that materials on the Site are appropriate or available for use in locations other than Canada. If you choose to access the Site from other locations, you do so at your own risk and are responsible for compliance with any and all local laws. By using the Site from a location other than Canada and/or providing us with your information, you are aware of and are consenting to the transfer of information you provide to Paulson to the offices of our proxy solicitation agents in Canada and the United States of America.


Material on the Site may contain technical or other inaccuracies, omissions, or typographical errors, for which none of Paulson, its affiliates or funds managed by it or any of their respective directors, officers, partners, members, employees, consultants, agents or other representatives assumes responsibility. The information contained on the Site is subject to change and update at any time and from time to time without prior notice.


The terms and conditions of this legal notice constitute the entire agreement between Paulson and the users of the Site with respect to the users’ use of the Site. Paulson’s failure to insist upon or enforce strict performance of any provision of that agreement shall not be construed as a waiver of any right on its part. If any part of this legal notice is determined to be void, invalid or otherwise unenforceable by a court of competent jurisdiction, that determination shall not affect the remaining provisions of this legal notice.