Detour Gold Corporation announces that it has executed a third amendment and restatement of its existing credit agreement, to provide for a new $400 million senior secured revolving credit facility, with an accordion option allowing the Company to increase the size of the facility, subject to customary terms and conditions, by another $100 million to a total amount of $500 million. The new Credit Facility will be used for financial assurance and general corporate purposes. The new Credit Facility replaces the Company’s previous $500 million senior secured credit facility, which was comprised of a $200 million term loan (maturing July 14, 2020) and a $300 million revolving credit facility (maturing July 14, 2022). The new Credit Facility has a four-year term, maturing September 25, 2023. The Company plans to pay down $100 million in indebtedness under the new Credit Facility by the end of third quarter of 2019, and to fully pay down its indebtedness under the new Credit Facility in the coming months. This will translate into estimated interest savings of approximately $9 million per annum (relative to the amount payable under the previous $200 million term loan) and available liquidity of approximately $370 million under the new Credit Facility (taking into account issued and outstanding letters of credit under the new Credit Facility).