Mr. Robert Quartermain reports

ZIJIN MINING GROUP C$81 MILLION STRATEGIC INVESTMENT IN PRETIVM

Zijin Mining Group Co. Ltd. has agreed to make a strategic investment in Pretium Resources Inc. which will result in Zijin owning approximately 9.9 per cent of Pretium's issued and outstanding shares. Pretium has agreed to issue to Zijin by way of a private placement 12,836,826 common shares of the company at a price per share of $6.30 for gross proceeds of approximately $80,872,004. Zijin is a Shanghai- and Hong Kong-listed company with extensive interests across a broad range of commodities, and is the largest gold producer in China.

The offering constitutes a significant portion of the planned equity component of the financing required to bring the Brucejack project into production. Pretium intends to use the proceeds from the offering to finance capital expenditures including the procurement of long-lead items and camp infrastructure. The permitting process for a 2,700-tonne-per-day underground mine at Brucejack is currently under way.

"Zijin's investment positions us well at a critical stage in our advance to production," said Pretium's chief executive officer Robert Quartermain. "Zijin is a well-capitalized shareholder, and as fellow shareholders, we value their long-term outlook and commitment to gold and to the successful development of our Brucejack project as a high-grade gold mine."

The offering is scheduled to close on or about Jan. 16, 2015, subject to regulatory approvals and approvals from the Chinese government or its relevant authorized departments. Pursuant to the subscription agreement, Zijin will be entitled to nominate one person to be appointed to the board of directors of Pretium and will have a pre-emptive right to participate in any future equity financings of Pretium to maintain its approximately 9.9-per-cent interest.

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.