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 1,500,000
flow-through common shares ("Flow-Through Shares") of Pretivm at a price of
$10.10 per share for aggregate gross proceeds of approximately $15.0 million
(the "Offering"). The Offering includes the exercise of the underwriters' option
for the purchase of an additional 225,000 Flow-Through Shares pursuant to the
previously announced bought deal private placement. The syndicate of
underwriters was led by Cormark Securities Inc. and included Salman Partners
Inc., CIBC World Markets Inc. and GMP Securities L.P. 


The gross proceeds of the Offering will be used to advance exploration
activities related to the newly-discovered Cleopatra Vein and other high-grade
structures encountered in the Brucejack Project's Valley of the Kings. The gross
proceeds of the Offering will be used to incur eligible Canadian Exploration
Expenses, which will be renounced to the subscribers effective on or before
December 31, 2013. 


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, with Probable Mineral Reserves in the Valley of the
Kings totalling 6.6 million ounces of gold (15.1 million tonnes grading 13.6
grams of gold per tonne). Brucejack is being advanced as a high-grade
underground mine with an average of 425,700 ounces of gold produced annually for
the first 10 years and an average of 321,500 ounces of gold produced annually
over the Project's 22-year mine life. Commercial production is 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, our planned exploration and development activities, the adequacy of
Pretivm's financial resources, the estimation of mineral reserves and resources,
realization of mineral reserve and 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 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 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. 


The TSX has neither approved nor disapproved of the information contained herein.

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


Pretium Resources Inc.
Michelle Romero
Vice President, Corporate Relations
(604) 558-1784


Pretium Resources Inc.
570 Granville Street, Suite 1600
Vancouver, BC V6C 3P1
invest@pretivm.com
www.pretivm.com

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