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 361,300 ITC
flow-through common shares ("ITC Flow-Through Shares") of Pretivm at a price of
$13.84 per share and 1,287,250 CEE flow-through common shares ("CEE Flow-Through
Shares") of Pretivm at a price of $12.43 per share for aggregate gross proceeds
of $21 million (the "Offering"). The Offering includes the exercise, in part, of
the underwriters' option for the purchase of an additional 80,450 CEE
Flow-Through Shares pursuant to the previously announced bought deal private
placement. The syndicate of underwriters was led by CIBC and included Cormark
Securities Inc., RBC Capital Markets, Scotia Capital Inc., BMO Capital Markets,
Dahlman Rose & Co., GMP Securities L.P., Salman Partners Inc. and UBS Securities
Canada Inc.


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, which is scheduled to begin in the second quarter.



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 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 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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