Pretivm Closes Agents' Option in Private Placement of Flow-Through Shares

NOT FOR DISTRIBUTION IN THE UNITED STATES OF OVER U.S. NEWSWIRE SERVICES

Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to announce
that it has closed the final tranche of the agents' option in respect of its
previously announced flow-through private placement (the "Offering"). The
Company issued an aggregate of 869,566 CEE flow-through common shares (the "CEE
Flow-Through Shares" and together with the ITC Flow-Through Shares as defined
below, the "Flow Through Shares") of Pretivm at a price of $8.05 per share for
aggregate gross proceeds of approximately $7.0 million. An aggregate of 248,448
of the total CEE Flow-Through Shares issued today were issued as a result of the
agents exercising their additional over-allotment option (the "Additional
Option") granted by the Company as announced on March 7, 2014. 


A total of 3,425,327 Flow Through Shares have been issued under the Offering
since March 6, 2014, for total gross proceeds to Pretivm of approximately $28.0
million.


BMO Capital Markets was the lead agent and sole bookrunner for the Offering,
which included a syndicate of agents.  


The proceeds of the Offering will be used to advance exploration activities in
the Brucejack Project's Valley of the Kings related to mine plan optimization
and new exploration targets. The gross proceeds of the Offering will be used
during the 2014 exploration program to incur eligible Canadian Exploration
Expenses ("CEE") and, for the 568,182 ITC flow-through common shares (the "ITC
Flow-Through Shares") issued on March 6, 2014, as previously announced, that
will qualify as "flow through mining expenditures", as defined in subsection
127(9) of the Income Tax Act (Canada), and "BC flow-through mining
expenditures", as defined in the Income Tax Act (British Columbia), (the
"Qualifying Expenditures"), which will be renounced to the subscribers with an
effective date no later than December 31, 2014.


The Flow-Through Shares are subject to resale restrictions for a period of four
months plus one day from their issuance. The Flow-Through Shares offered have
not been and will not be registered under the United States Securities Act of
1933, as amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
such Act.


About Pretivm 

Pretivm is creating value through gold at its high-grade gold Brucejack Project,
located in northern British Columbia. Permitting of a high-grade underground
gold mine at Brucejack is underway, with commercial production targeted to
commence in 2016. 


Forward-Looking Statements 

This News Release contains "forward-looking information" and "forward-looking
statements" within the meaning of applicable Canadian and United States
securities legislation. Forward-looking information may include, but is not
limited to, risks related to information with respect to our planned exploration
and development activities, the adequacy of Pretivm's financial resources, the
estimation of mineral reserves and resources including the 2013 Valley of the
Kings Mineral Resource estimate, realization of mineral reserve and resource
estimates and timing of development of Pretivm's Brucejack Project, costs and
timing of future exploration, results of future exploration and drilling,
production and processing estimates, capital and operating cost estimates,
timelines and similar statements relating to the economic viability of the
Brucejack Project, timing and receipt of approvals, consents and permits under
applicable legislation, Pretivm's executive compensation approach and practice,
and adequacy of financial resources. Wherever possible, words such as "plans",
"expects", "projects", "assumes", "budget", "strategy", "scheduled",
"estimates", "forecasts", "anticipates", "believes", "intends", "targets" and
similar expressions or statements that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be achieved, or the
negative forms of any of these terms and similar expressions, have been used to
identify forward-looking statements and information. 


Statements concerning mineral reserve and resource estimates may also be deemed
to constitute forward-looking information to the extent that they involve
estimates of the mineralization that will be encountered if the property is
developed. Any statements that express or involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance are not statements of historical fact and may be
forward-looking information. Forward-looking information is subject to a variety
of known and unknown risks, uncertainties and other factors that could cause
actual events or results to differ from those expressed or implied by the
forward-looking information, including, without limitation, those risks
identified in Pretivm's Annual Information Form dated March 18, 2013 filed on
SEDAR at www.sedar.com and in the United States on Form 40-F through EDGAR at
the SEC's website at www.sec.gov. Forward-looking information is based on the
expectations and opinions of Pretivm's management on the date the statements are
made. The assumptions used in the preparation of such statements, although
considered reasonable at the time of preparation, may prove to be imprecise. We
do not assume any obligation to update forward-looking information, whether as a
result of new information, future events or otherwise, other than as required by
applicable law. For the reasons set forth above, prospective investors should
not place undue reliance on forward-looking information. Neither the TSX nor the
NYSE has approved or disapproved of the information contained herein.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pretium Resources Inc.
Robert  Quartermain
President and Chief Executive Officer
(604) 558-1784
invest@pretivm.com


Pretium Resources Inc.
Michelle Romero
Vice President, Corporate Relations
(604) 558-1784
invest@pretivm.com
www.pretivm.com
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