Pretivm Awards EPCM Contract to AMEC

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 20, 2014) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to announce that it has contracted AMEC Americas Limited ("AMEC") to provide the engineering, procurement and construction management ("EPCM") services for its Brucejack high-grade gold project in northern British Columbia.

AMEC is an international engineering and project management firm with recently completed mining projects in British Columbia including New Gold's New Afton Mine and Thompson Creek Metals' Mount Milligan mine. "AMEC's track record of effectively partnering with companies to move projects from feasibility to mine construction, combined with their significant experience in British Columbia, makes them a natural fit for the Brucejack Project," said Pretivm's Chief Operating Officer Jim Currie.

AMEC has been involved with the Brucejack Project as a third party reviewer of the June 2014 feasibility study for a 2,700 tonnes per day underground mine and has participated in constructability and capital cost reviews of the Project. Brucejack is expected to produce 7.27 million ounces of gold over an 18 year mine life, and commercial production is anticipated in 2017. The estimated project capital cost, including contingencies, is US$746.9 million. (See news release dated June 19, 2014 and Technical Report filed on SEDAR June 30, 2014.)

AMEC has commenced detailed engineering and is advancing procurement for surface facilities and underground infrastructure. Flow sheets have been finalized and preparation of general arrangement drawings and procurement packages for long lead items is underway.

Ian I Chang, M.A.Sc., P.Eng., Vice President, Project Development, Pretium Resources Inc. is the Qualified Person (QP) responsible for Brucejack Project development.

About Pretivm

Pretivm is advancing its 100%-owned Brucejack Project in northern British Columbia to production as a high-grade gold underground mine. Based on the results of the June 2014 Feasibility Study, Brucejack is expected to produce an average of 504,000 ounces of gold a year over the first 8 years and 404,000 ounces of gold a year over the 18-year mine life. Brucejack's Valley of the Kings hosts Proven and Probable reserves totalling 6.9 million ounces of gold (13.6 million tonnes grading 15.7 grams of gold per tonne). Commercial production at Brucejack is targeted for 2017.