Pretivm Announces Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 11, 2014) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") is pleased to announce that it has agreed to enter into subscription agreements (the "Subscription Agreements") with certain holders who wish to maintain their respective pro rata interests in the Company in connection with the previously announced strategic investment by Zijin Mining Group Co., Ltd. ("Zijin") for 12,836,826 common shares of Pretivm (see news release dated December 8, 2014). The Subscription Agreements, combined with Zijin's strategic investment, provide for an aggregate total of 15,734,316 common shares of Pretivm (the "Purchased Shares") to be issued at a price per share of C$6.30 (the "Offering") for gross proceeds to the Company of approximately C$99 million.

In connection with the Offering, Liberty Metals & Mining Holdings, LLC ("LMM"), a subsidiary of Boston-based Liberty Mutual Insurance, intends to subscribe for 989,343 of the Purchased Shares in order to maintain its pro rata interest in the Company in accordance with its participation rights under the subscription agreement dated April 22, 2013 between the Company and LMM.

Pretivm intends to use the proceeds from the Offering to fund capital expenditures at its Brucejack Project including the procurement of long-lead items and camp infrastructure.

The Offering is scheduled to close on or about January 21, 2015, subject to regulatory approvals and the closing of the Zijin private placement scheduled to close on or about January 16, 2015.

The Purchased Shares may not be traded for a period of four months plus one day from the closing of the Offering. The Purchased Shares described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States absent registration or an applicable exemption from the registration requirements of such Act.

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.