Pretium Resources Updated, Interim High-Grade Mineral Resource Estimate Completed for Brucejack Project

Pretium Resources

is pleased to report an updated, interim high-grade Mineral Resource estimate for its wholly-owned Brucejack Project, completed by Snowden Mining Industry Consultants ("Snowden") independent Qualified Persons. The Mineral Resource estimate, which reflects refined resource modelling as a result of infill drilling, will be used as the basis for feasibility study mine planning now underway.The September 2012 estimate has been based on a consolidated interpretation prepared by geologists from Pretivm and Snowden to cover the drilled part of the Brucejack property. Of significance to the new interpretation is that the mineralized domains have been better defined and more tightly constrained than the previous estimate. On top of this, the new interpretations and model have been prepared including results of drilling information which comprises, since the April 2012 Mineral Resource estimate, an additional 175 drillholes (55,849 meters), into the Valley of the Kings. This has resulted in increased confidence in the definition of the mineralized zones, and subsequent increased confidence in the estimated Mineral Resource. Valley of the Kings High-Grade Gold Mineral ResourcesHigh-grade gold resources in the Valley of the Kings (5.0 g/t gold-equivalent cut-off) total:-- 5.1