Pretivm Reports First Quarter Results - Seite 2

We submitted our Environmental Impact Statement ("EIS") with the Canadian Environmental Assessment Agency ("CEAA") in August 2014, concurrent with the filing of our EAC application. The CEAA review of the EIS is nearing completion, with an expected referral to the Minister of the Environment later this spring.

Advancing the Brucejack Project - Engineering

Basic and detailed engineering activities have been ongoing following the completion in June 2014 of the updated National Instrument 43-101-compliant feasibility study for the Brucejack Project. (See news release dated June 19, 2014 and Technical Report filed on SEDAR June 30, 2014.)

Engineering and procurement has progressed during the quarter. We have received bids for long-lead items including the SAG and ball mills. The contract for the permanent 330-person camp at the main project site has been awarded, and we have increased the capacity of our existing camp to 250 people to allow for construction activities at Brucejack this year.

Exploration

Underground condemnation and infill drilling has commenced in the Valley of the Kings. The 2015 exploration program has primarily been designed to upgrade the Indicated Mineral resources in the area of the initial years of the mine plan. We also continue to advance the underground ramp and vent raise.

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. Kenneth C. McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, Pretium Resources Inc. is the QP responsible for the Brucejack Project exploration program.

Other Developments

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. Pursuant to the terms of the subscription agreement dated December 8, 2014, Zijin is entitled to nominate one person to our Board of Directors and accordingly, Mr. Shaoyang Shen was appointed as a Director of Pretivm.