Mr. Robert Quartermain reports

PRETIVM ANNOUNCES EXERCISE OF UNDERWRITERS' OPTION ON PREVIOUSLY ANNOUNCED BOUGHT PRIVATE PLACEMENT OF FLOW-THROUGH SHARES

The syndicate of underwriters, led by Salman Partners Inc. and including GMP Securities LP and Cormark Securities Inc., has exercised the option to purchase an additional 250,000 flow-through common shares pursuant to Pretium Resources Inc.'s previously announced bought deal financing. Pretium has agreed to issue by way of private placement a total of 1.25 million flow-through shares of Pretium at a price of $18.50 per flow-through share for aggregate gross proceeds of $23,125,000. The offering is now scheduled to close on or about Feb. 17, 2012, subject to regulatory approvals.

The gross proceeds of the offering will be used to accelerate exploration of the Valley of the Kings zone with infill and expansion drilling in support of a feasibility study on the high-grade opportunity at the Brucejack project anticipated to be completed by year-end. The gross proceeds of the offering will be used during the 2012 exploration program to incur eligible Canadian exploration expenses (CEE) that will qualify as flow-through mining expenditures, as defined in Subsection 127(9) of the Income Tax Act (Canada), and British Columbia 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, 2012. In the event the company is unable to renounce qualifying expenditures effective on or prior to Dec. 31, 2012, 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.