Pretivm Reports Third Quarter Results

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 5, 2015) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") is pleased to report the following highlights from the third quarter of 2015 and updates for its high-grade gold Brucejack Project in northern British Columbia.

Third Quarter 2015 Highlights and Significant Events

• On July 15, 2015, we reported the second set of results from the underground infill drill program in the Valley of the Kings targeting stope areas in years 1 through 3 of the current mine plan. Drilling continued to confirm the style and grade distribution of the gold mineralization in the area being tested, including the intersection of high-grade and visible gold.
  
  
• On July 30, 2015, we announced that a positive Environmental Assessment Decision Statement was received from the Federal Minister of the Environment.
  
  
• On August 19, 2015 we reported the third set of results from the underground infill drill program in the Brucejack Project's Valley of the Kings underway in the 1320 drill bay and the 1310 drill bay.
  
  
• On September 1, 2015, we announced that we had been issued all of the major regulatory permits required to begin development work towards commercial production at the Brucejack Project. A Mines Act Permit was issued by the British Columbia Minister of Energy and Mines approving our mine plan and reclamation program allowing for the construction of a 2,700 tonnes per day doré and flotation plant, development of an underground mine and associated facilities and other infrastructure. We were also issued an Environmental Management Act permit for the Brucejack Project by the British Columbia Ministry of Environment, which governs effluent discharge during construction and operation.
  
  
• On September 15, 2015, we announced a US$540 million construction financing package (the "Financing") with Orion Mine Finance Group and Blackstone Tactical Opportunities ("Orion and Blackstone"). The Financing provided for immediate access to US$340 million at closing and will fund a substantial portion of the costs to develop an underground mine at our Brucejack Project. The Financing was comprised of a credit facility and offtake agreement, a prepayment under a callable gold and silver stream agreement and a private placement of our common shares. We also announced that our Board of Directors approved a production decision for the Brucejack Project. On September 21, 2015, we announced that we had closed the Financing.