Pretivm Reports First Quarter Results

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 7, 2015) - Pretium Resources Inc. (TSX:PVG) (NYSE:PVG) ("Pretivm" or "the Company") is pleased to report the following highlights from the first quarter of 2015 and updates for its high-grade gold Brucejack Project in northern British Columbia.

First Quarter 2015 Highlights and Significant Events

• On January 14, 2015, we announced the appointment of Tom S.Q. Yip as Chief Financial Officer.
• On January 16, 2015, we announced the completion of a non-brokered private placement with Zijin Mining Group Co., Ltd. ("Zijin"), consisting of the issuance of 12,836,826 of our common shares at a price per share of $6.30 for gross proceeds of $80,872,004.
• On January 21, 2015, we announced the completion of a non-brokered private placement with certain existing shareholders, consisting of the issuance of 2,897,490 of our common shares at a price per share of $6.30 for gross proceeds of $18,254,187.
• On March 27, 2015, we announced that we had been issued an Environmental Assessment Certificate for the Brucejack Project by the British Columbia Minister of the Environment and Minister of Energy and Mines.
• Working capital at March 31, 2015 was $103.6 million.
• Subsequent to the end of the quarter, on April 2, 2015, we announced that we had entered into a comprehensive Cooperation and Benefits Agreement (the "Agreement") with the Nisga'a Nation in respect of our Brucejack Project.

Advancing the Brucejack Project - Permitting

On March 27, 2015, we received our Environmental Assessment Certificate ("EAC") for the Brucejack Project by the British Columbia Minister of the Environment and Minister of Energy and Mines. The Ministers issued the certificate with conditions that have given them the confidence to conclude that the Brucejack Project will be constructed, operated and decommissioned in a way that ensures no significant adverse effects are likely to occur. We will address these conditions in advance of the start of mine construction which we expect to begin this summer.