Pretivm Prices Offering of Convertible Senior Subordinated Notes

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 8, 2017) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") announced today that it has priced its previously announced offering of unsecured convertible senior subordinated notes due 2022 (the "Notes"). The Company is offering US$90 million aggregate principal amount of Notes (or US$100 million aggregate principal amount if the over-allotment option is exercised in full). The Notes will be issued at par value.

The Company intends to use the net proceeds of the offering for working capital during start-up of the Brucejack mine and for general corporate purposes.

The Notes will bear cash interest semi-annually at a rate of 2.25% per annum. The initial conversion rate for the Notes will be 62.5000 common shares per US$1,000 principal amount of Notes, equivalent to an initial conversion price of US$16.00 per common share. The initial conversion rate represents a premium of approximately 32.56% relative to today's closing sale price of Pretivm's common shares and is subject to adjustment in certain events.

Pretivm will have the right to redeem the Notes in certain circumstances and holders will have the right to require Pretivm to repurchase their Notes upon the occurrence of certain events.

The offering is expected to close, subject to customary closing conditions on or about February 14, 2017.

The Notes, and the common shares into which the Notes are convertible (the "Shares"), have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or qualified by a prospectus in Canada. The Notes and the Shares may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from registration under the Securities Act. The Notes will be offered only to "qualified institutional buyers" (as defined in Rule 144A under the Securities Act) and outside the United States to non-U.S. persons in compliance with Regulation S under the Securities Act. Offers and sales in Canada will be made only pursuant to exemptions from the prospectus requirements of applicable Canadian provincial securities laws.