Pretivm Prices Offering of Common Shares; 4.83M Shares at $14.50/Share

Pretium Resources PVG announced that it has entered into an underwriting agreement today with a syndicate of underwriters, in connection with its previously announced marketed offering of common shares (the "Offering"). The underwriters have agreed to purchase 4,830,000 shares at a price of C$14.50 per share (the "Offering Price") for gross proceeds of C$70,035,000. The Offering will be made under a prospectus supplement dated May 3, 2012 to the Company's short form base shelf prospectus dated March 19, 2012, to be filed with the securities regulatory authorities in each of the provinces and territories of Canada except Quebec. The Supplement will also be filed with the U.S. Securities and Exchange Commission ("SEC") as part of a registration statement on Form F-10 in accordance with the Multijurisdictional Disclosure System established between Canada and the United States.