Detour Gold Corporation
TSX : DGC

Detour Gold Corporation
PDX Resources Inc.
TSX : PLG

PDX Resources Inc.

March 13, 2009 13:58 ET

RiskMetrics Group and Glass Lewis Recommend That Detour Gold and PDX Shareholders Each Vote "FOR" the Merger of Detour Gold and PDX

TORONTO, ONTARIO--(Marketwire - March 13, 2009) - Detour Gold Corporation (TSX:DGC) ("Detour Gold") and PDX Resources Inc. (TSX:PLG) ("PDX") announced today that RiskMetrics Group (formerly Institutional Shareholder Services or "ISS") and Glass, Lewis and Co. have each formally recommended that their subscribers vote "FOR" the proposed merger of Detour Gold and PDX. RiskMetrics and Glass Lewis are leading providers of proxy research and voting recommendations to institutional investors in Canada and the United States.

As indicated in the joint management information circular of Detour Gold and PDX dated February 20, 2009, the board of directors of Detour Gold (with the directors that also serve on PDX's board not participating) and the board of directors of PDX (with the directors that also serve on Detour Gold's board abstaining from voting) unanimously recommend that their respective shareholders vote "FOR" the proposed merger.

The proposed merger remains subject to the approval of the shareholders of each of Detour Gold and PDX. As previously announced, separate special meetings of the shareholders of each of Detour Gold and PDX to consider the proposed merger will be held on Thursday, March 26, at 10:00 a.m. E.T. The special meeting of the shareholders of Detour Gold will be held at The National Club, Tudor Room, 3rd Floor, 303 Bay Street, Toronto, Ontario. The special meeting of the shareholders of PDX will be held at The Toronto Board of Trade, Ridout Room, 1 First Canadian Place, 100 King Street West, Toronto, Ontario.

Shareholders of both Detour Gold and PDX are encouraged to vote "FOR" the merger by completing, signing, dating and returning their proxy prior to the proxy deadline of 10:00 a.m. E.T. on March 24, 2009.

Shareholders requiring assistance in voting their proxies can call Kingsdale Shareholder Services Inc., the joint proxy solicitation agent of Detour Gold and PDX, toll-free, at 1-866-581-1571.

About PDX Resources Inc.

PDX's principal asset is its 19 million common shares (representing a 42.2% equity interest) of Detour Gold. PDX provides prospective investors with an opportunity to participate in potential increases in the size of the resource at the Detour Lake project and the value of PDX's equity interest in Detour Gold.

About Detour Gold Corporation

Detour Gold is a Canadian gold exploration and development company whose focus is to advance the development of its Detour Lake project located in northeastern Ontario.

Contact Information

  • PDX Resources Inc.
    Ingrid Hibbard
    President & CEO
    (905) 875-3828 or Toll Free: 1-877-746-1632
    or
    PDX Resources Inc.
    Brendan Cahill
    Corporate Secretary
    (905) 875-3828 or Toll Free: 1-877-746-1632
    or
    PDX Resources Inc.
    440 Harrop Drive
    Milton, Ontario L9T 3H2
    Email: info@pdxresources.com
    or
    Detour Gold Corporation
    Gerald Panneton
    President and CEO
    (416) 304-0800
    or
    Detour Gold Corporation
    Laurie Gaborit
    Director Investor Relations
    (416) 304-0581
    or
    Detour Gold Corporation
    Royal Bank Plaza, North Tower
    200 Bay Street, Suite 2040
    Toronto, Ontario M5J 2J1