Mr. Joseph Ovsenek reports

PRETIVM PRICES OFFERING OF COMMON SHARES

Pretium Resources Inc. has entered into an underwriting agreement today with a syndicate of underwriters, in connection with its previously announced marketed offering of common shares. CIBC Capital Markets, RBC Capital Markets and Scotiabank are the lead underwriters in a syndicate that includes BMO Nesbitt Burns Inc., Citigroup Global Markets Canada Inc., Cormark Securities Inc., GMP Securities LP, Numis Securities Ltd., Roth Capital Partners LLC, Canaccord Genuity Corp., Rodman & Renshaw, a unit of H.C. Wainwright & Co. LLC, and Pareto Securities Ltd.

The underwriters have agreed to purchase 26.21 million common shares at a price of $4.58 (U.S.) per common share for gross proceeds of approximately $120-million (U.S.). The offering will be made under a prospectus supplement dated Feb. 23, 2016, to the company's short form base shelf prospectus dated July 16, 2014, to be filed with the securities regulatory authorities in each of the provinces and territories of Canada except Quebec. The supplement will also be filed with the U.S. Securities and Exchange Commission as part of a registration statement on Form F-10 in accordance with the multijurisdictional disclosure system established between Canada and the United States.

The company has also granted the underwriters an overallotment option to purchase up to an additional 2,174,000 common shares at the offering price, exercisable for a period of 30 days following closing.

The net proceeds of the offering will be used (i) to finance development of the Brucejack project, (ii) for working capital during start-up and (iii) for general corporate purposes.

Closing of the offering will be subject to a number of conditions, including approval of the Toronto Stock Exchange and the New York Stock Exchange.

We seek Safe Harbor.