Mr. Robert Quartermain reports

PRETIVM TO COMPLETE A $20 MILLION FLOW-THROUGH SHARE PRIVATE PLACEMENT

Pretium Resources Inc. has negotiated a private placement consisting of 568,182 investment tax credit (ITC) flow-through common shares at a price of $8.80 per share and 1,863,355 Canadian exploration expenses (CEE) flow-through common shares at a price of $8.05 per share for aggregate gross proceeds of approximately $20-million. BMO Capital Markets has been appointed as the lead agent and sole bookrunner for the offering, which includes a syndicate of agents.

The proceeds of the offering will be used to advance exploration activities in the Brucejack project's Valley of the Kings related to mine plan optimization and new exploration targets.

The agents have been granted an option to purchase up to 745,342 additional CEE flow-through shares of Pretium at any point up to 14 days following the closing of the offering for additional gross proceeds to Pretium of up to approximately $6-million.

The offering is scheduled to close on or about March 6, 2014, and is conditional upon receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange.

The gross proceeds of the offering will be used during the 2014 exploration program to incur eligible Canadian exploration expenses and for the ITC flow-through shares, that will qualify as flow-through mining expenditures, as defined in Subsection 127(9) of the Income Tax Act (Canada), and B.C. flow-through mining expenditures, as defined in the Income Tax Act (British Columbia), which will be renounced to the subscribers with an effective date no later than Dec. 31, 2014. In the event the company is unable to renounce qualifying expenditures effective on or prior to Dec. 31, 2014, to the initial purchasers of flow-through shares in an aggregate amount not less than the gross proceeds raised from the issue of the flow-through shares or such expenditures are reduced by the Canada Revenue Agency, the company will indemnify each flow-through share subscriber for the additional taxes payable by such subscriber as a result of the company's failure to renounce the qualifying expenditures as agreed.

We seek Safe Harbor.