Cohen Milstein Sellers & Toll PLLC Announces the Investigation of Pretium Resources, Inc.

Cohen Milstein Sellers & Toll PLLC is conducting an investigation to determine whether Pretium Resources, Inc. (“Pretium” or the “Company”) and certain of its officers and directors made false and misleading statements and/or omissions in violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

A class action lawsuit was filed in the U.S. District Court for the Southern District of New York by another law firm on behalf of purchasers of Pretium securities (NYSE: PVG) between January 19, 2011 and October 21, 2013, inclusive (the “Class Period”), including those who purchased in a May 3, 2012 follow-on offering.

The complaint alleges that Pretium and certain of its officers and directors (“Defendants”) misrepresented and/or failed to disclose that: (1) Pretium had not acquired credible evidence demonstrating the quantity or quality of gold reserve estimates they provided to investors; (2) Snowden Mining Industry Consultants (“Snowden”), one of the firms the Company had hired to provide an independent analysis of the quantity and quality of the gold reserves from its Brucejack project, was not using a reliable method to calculate its reserve estimates; (3) Strathcona Mineral Services Ltd. (“Strathcona”), the Company’s “Qualified Person” tasked with overseeing and reporting on a bulk sampling program which was designed to test the mineral content of the Brucejack project, did not agree with Snowden on the methodology to be used to calculate the gold reserve estimates; (4) contrary to Pretium’s Class Period statements, the April, September and November 2012 Mineral Resource estimates for the West Zone and Valley of the Kings prepared by Snowden did not accurately classify the mineral reserves present; and (5) as a result of the foregoing, Pretium’s gold resource estimates reported during the Class Period were not reliable.

On October 9, 2013, Pretium announced that Strathcona had resigned from the Brucejack project. The price of Pretium shares fell from $6.77 to $4.70 on October 9. The Company offered no explanation for Strathcona’s resignation at that time.

Investors subsequently learned that Strathcona had clashed with Snowden about how to evaluate the bulk sample, and that the two firms’ methodologies had led to widely divergent estimates of both the amount and quality of the gold deposits at Brucejack and Pretium confirmed that Strathcona’s evaluation of the bulk sample revealed much less gold than the approach used by Snowden. On October 22, 2013, the Company disclosed details concerning Strathcona’s resignation, including parts of Strathcona's resignation letter stating: “There are no valid gold mineral resources for the [Valley of the Kings] zone, and without mineral resources there can be no mineral reserves, and without mineral reserves there can be no basis for a feasibility study.” Strathcona’s resignation letter went on to describe Pretium’s statements about probable mineral reserves and future gold production from the Brucejack project as “erroneous and misleading.” The price of Pretium shares fell from $4.63 to $3.36 on October 22.

Cohen Milstein encourages all investors who purchased Pretium securities between January 19, 2011 and October 21, 2013, inclusive, including those who purchased in a May 3, 2012 follow-on offering, or former employees with information concerning this matter to contact the firm.

If you are a Pretium shareholder and would like to discuss your right to recover for your economic loss, you may, without any cost or obligation, call Cohen Milstein’s Managing Partner, Steven J. Toll at (888) 240-0775 or (202) 408-4600, or email him at stoll@cohenmilstein.com. If you wish to serve as lead plaintiff, you must move the Court no later than December 24, 2013 to request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. To be appointed lead plaintiff, the Court must decide that your claim is typical of the claims of other class members, and that you will adequately represent the class. Your share in any recovery will not be enhanced or diminished by the decision whether or not to serve as a lead plaintiff. Any member of the proposed class may retain Cohen Milstein Sellers & Toll PLLC or other attorneys to serve as your counsel in this action, or you may do nothing and remain an absent class member.

Cohen Milstein Sellers & Toll PLLC has significant experience in prosecuting investor class actions and actions involving securities fraud. The firm has offices in Washington, D.C., New York, Chicago, Philadelphia and Palm Beach Gardens, and is active in major litigation pending in federal and state courts throughout the nation.

The firm’s reputation for excellence has repeatedly been recognized by courts which have appointed the firm to lead positions in complex multi-district or consolidated litigation. Cohen Milstein Sellers & Toll PLLC has taken a lead role in numerous important cases on behalf of defrauded investors, and has been responsible for a number of outstanding recoveries which, in the aggregate, total over one billion dollars. Prior results do not guarantee a similar outcome. For more information visit www.cohenmilstein.com.

If you have any questions about this notice or the action, or with regard to your rights, please contact either of the following:

Steven J. Toll, Esq.Jordan HillCohen Milstein Sellers & Toll PLLC1100 New York Avenue, N.W.West Tower, Suite 500Washington, D.C. 20005Telephone: (888) 240-0775 or (202) 408-4600Email: stoll@cohenmilstein.com; jhill@cohenmilstein.com

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Cohen Milstein Sellers & Toll PLLCSteven J. Toll, Esq.888-240-0775 or 202-408-4600stoll@cohenmilstein.comorJordan Hill888-240-0775 or 202-408-4600jhill@cohenmilstein.com

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