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 closed its private placement of 1,150,000
flow-through common shares ("Flow-Through Shares") of Pretivm at a price of
$18.00 per Flow-Through Share for aggregate gross proceeds of $20,700,000 (the
"Offering"). The Offering includes the full exercise of the underwriters' option
to purchase an additional 150,000 flow-through common shares pursuant to the
previously announced bought deal private placement. The syndicate of
underwriters was led by Salman Partners Inc. and included CIBC World Markets
Inc., Cormark Securities Inc., GMP Securities L.P. and Scotia Capital Inc. 


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 Flow-Through Shares were sold to accredited investors in all Provinces of
Canada pursuant to applicable securities laws. Subscribers under the Offering
are not 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.


(SEDAR filings: Pretium Resources Inc.) 

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 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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