Mr. Robert Quartermain reports

PRETIVM ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Pretium Resources Inc. has agreed to enter into subscription agreements with certain holders that wish to maintain their respective pro rata interests in the company in connection with the previously announced strategic investment by Zijin Mining Group Co. Ltd. for 12,836,826 common shares of Pretium (see news release dated Dec. 8, 2014). The subscription agreements, combined with Zijin's strategic investment, provide for an aggregate total of 15,734,316 common shares of Pretium to be issued at a price per share of $6.30 for gross proceeds to the company of approximately $99-million.

In connection with the offering, Liberty Metals & Mining Holdings LLC (LMM), a subsidiary of Boston-based Liberty Mutual Insurance, intends to subscribe 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.

Pretium intends to use the proceeds from the offering to finance capital expenditures at its Brucejack project, including the procurement of long-lead items and camp infrastructure.

The offering is scheduled to close on or about Jan. 21, 2015, subject to regulatory approvals and the closing of the Zijin private placement scheduled to close on or about Jan. 16, 2015.

The purchased shares may not be traded for a period of four months plus one day from the closing of the offering.

We seek Safe Harbor.