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 CIBC (the "Underwriters"), to issue by way of
private placement 361,300 ITC flow-through common shares ("ITC Flow-Through
Shares") of Pretivm at a price of $13.84 per share and 1,206,800 CEE
flow-through common shares ("CEE Flow-Through Shares") of Pretivm at a price of
$12.43 per share for aggregate gross proceeds of $20 million (the "Offering"). 
The Offering is scheduled to close on or about February 15, 2013, subject to
regulatory approvals.


The gross proceeds of the Offering will be used to advance exploration
activities at the Brucejack Project in support of the 10,000-tonne bulk sample
from the Valley of the Kings scheduled to begin in the second quarter. 


The Underwriters have been granted an option to purchase, or arrange for
substituted purchasers for, up to an additional 402,100 CEE Flow-Through Shares
at the issue price at any point up until 48 hours prior to closing of the
Offering.


The CEE Flow-Through Shares and ITC Flow-Through Shares (together, 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 high-grade gold Brucejack Project,
located in northern British Columbia. Brucejack hosts a major undeveloped
high-grade gold resource and mineralization remains open in all directions. A
feasibility study for a high-grade underground mine in Brucejack's Valley of the
Kings is underway and expected in the second quarter. 


(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 satisfying conditions of the Offering, 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. 


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


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

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