Pretivm Reports Second Quarter 2014 Results - Seite 3

The June 2014 Feasibility Study is based on the December 2013 Mineral Resource estimates for the Valley of the Kings and the West Zone (see news release dated December 19, 2013).

2014 Exploration Program

The 2014 exploration program at Brucejack has been planned with a focus on continued resource definition in the Valley of the Kings and includes 15,000 meters of surface and underground infill and step-out drilling to the east and west. The design of an access ramp from the 1345-meter level access ramp to the 1260-meter level has been finalized and a drill has been mobilized to site.

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 Qualified Person (QP) responsible for the Brucejack Project exploration program.

Other Developments

In July we filed a short form base shelf prospectus with the securities commissions in each of the provinces and territories of Canada, except Quebec, and a corresponding shelf registration statement on Form F-10 with the U.S. Securities and Exchange Commission under the U.S. Securities Act of 1933, as amended, and the U.S./Canada Multijurisdictional Disclosure System (see news release dated July 18, 2014). The Prospectus allows us to offer up to US$600 million of common shares, debt securities, preferred shares, subscription receipts, units and warrants from time to time over a 25-month period.

On July 29th, we completed a marketed offering, through a syndicate of underwriters, of 6,831,000 common shares at a price of US$7.25 for gross proceeds to us of $49,524,750 (see news release dated July 29, 2014). The net proceeds of the offering will be used to fund the continued permitting of the Brucejack Project, our environmental and engineering activities, as well as general corporate expenditures.

We will begin the process of evaluating financing options to fund the capital cost of the Brucejack Project in the fall.

Our working capital as at June 30, 2014 was $22.7 million, which includes receivables from the sale of gold produced from processing exploration ore excavated in 2013. With the recent financing, current working capital, and additional pending gold sales receipts from exploration ore excavated in 2013, we believe we will have sufficient capital to maintain the tempo of the activities to advance our Brucejack Project.