Pretivm Reports First Quarter Results - Seite 3

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. In connection with this private placement, Liberty Metals & Mining Holdings, LLC ("LMM"), a subsidiary of Boston-based Liberty Mutual Insurance, subscribed 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.

The proceeds from these financings will be used to fund capital expenditures at our Brucejack Project including the procurement of long-lead items and camp infrastructure.

Subsequent to the end of the quarter, on April 2, 2015, we announced that we had entered into a comprehensive Cooperation and Benefits Agreement with the Nisga'a Nation ("the Agreement") in respect of our Brucejack Project. The Agreement establishes a long-term, mutually-beneficial relationship between Pretivm and the Nisga'a Nation, who have rights and interests as defined by the Nisga'a Final Agreement in the Nass Area where portions of the Project are located.

Under the terms of the Agreement, the Nisga'a Nation will provide ongoing support for the development and operation of the Brucejack Project as a safe, environmentally sound mine with participation in its economic benefits, and Pretivm will honour commitments to the Nisga'a Nation regarding jobs and contracting opportunities at the Project, education and training and financial payments.

Our working capital as at March 31, 2015 was $103.6 million. We believe we have sufficient funds to continue the advance of our Brucejack Project to development, including permitting and engineering and environmental activities.

Our unaudited condensed consolidated Financial Statements and Management Discussion and Analysis for the three months ended March 31, 2015 are filed on SEDAR and available on our website at www.pretivm.com.

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.