PVG Pretium Resources Inc

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

Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") is
pleased to announce that it has entered into a bought deal agreement with a
syndicate of underwriters led by Salman Partners Inc. (the "Underwriters"), to
issue by way of private placement 1,000,000 flow-through common shares
("Flow-Through Shares") of Pretivm at a price of $18.00 per Flow-Through Share
for aggregate gross proceeds of $18.0 million (the "Offering"). The Offering is
scheduled to close on or about August 24, 2012, subject to regulatory approvals.



The gross proceeds of the Offering will be used to expand the 2012 Brucejack
Exploration Program with 100,000 meters of drilling planned, predominantly in
the Valley of the Kings. 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 "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, 2012. In the event the Company is
unable to renounce Qualifying Expenditures effective on or prior to December 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.


The Underwriters have been granted an option to purchase, or arrange for
substituted purchasers for, up to an additional 150,000 Flow-Through Shares at
the issue price at any point up until 48 hours prior to closing of the Offering.


The Flow-Through Shares will be offered to accredited investors in all Provinces
of Canada pursuant to applicable securities laws. Subscribers under the Offering
will not be permitted to trade the Flow-Through Shares for a period of four
months plus one day from the closing of the offering. 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 advanced-staged exploration
projects Brucejack and Snowfield, located in northern British Columbia. Pretivm
is advancing the high-grade, underground gold opportunity at Brucejack, which
hosts a significant undeveloped high-grade gold resource. 


Forward-Looking Statement 

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 unsatisfactory results of due diligence, the
ability to satisfy the conditions of closing of Offering and general economic
conditions, our planned exploration and development activities, the adequacy of
Pretivm's financial resources, the estimation of mineral resources, realization
of mineral resource estimates, 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" 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 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 prospectus supplement to the short form base shelf
prospectus dated March 19, 2012 filed on SEDAR at www.sedar.com and in the
United States 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.

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