Pretium Resources Inc.: Agents' Option Increased for Private Placement of Flow-Through Shares

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 pursuant to the terms of the private placement of
flow-through shares of Pretivm that closed on March 6, 2014 (the "Offering"),
the outstanding agents' option of 124,223 CEE flow-through common shares of
Pretivm (the "CEE Flow-Through Shares") at a price of $8.05 per share has been
exercised and is expected to close on March 20, 2014, in addition to the
issuance of 496,895 CEE Flow-Through Shares expected to close the same day, as
announced on March 6, 2014. The Company has agreed to grant the agents an
additional option (the "Additional Option") to purchase up to 248,448 CEE
Flow-Through Shares that may be exercised at any time prior to March 20, 2014
for additional gross proceeds to Pretivm of up to approximately $2 million,
subject to the approval of the TSX. 


The expected schedule for closing the remaining components of the Offering are
as follows:




--  34,112 CEE Flow-Through Shares (expected to close on or about March 11,
    2014); 
--  621,118 CEE Flow-Through Shares (expected to close on or about March 20,
    2014). 



The Additional Option to purchase up to an additional 248,448 CEE Flow-Through
Shares is also expected to be exercised and close on or about March 20, 2014. 


BMO Capital Markets is the lead agent and sole bookrunner for the Offering which
included a syndicate of agents.  


The proceeds of any additional CEE Flow-Through Shares issued in connection with
the Offering will be used to advance exploration activities in the Brucejack
Project's Valley of the Kings related to mine plan optimization and new
exploration targets. The gross proceeds of the Offering will be used during the
2014 exploration program to incur eligible Canadian Exploration Expenses, and
for the ITC flow-through common shares issued under the Offering (the "ITC
Flow-Through Shares" and together with the CEE Flow-Through Shares, the
"Flow-Through Shares"), expenditures that will qualify as "flow through mining
expenditures", as defined in subsection 127(9) of the Income Tax Act (Canada),
and "BC flow-through mining expenditures", as defined in the Income Tax Act
(British Columbia), each of which will be renounced to the subscribers with an
effective date no later than December 31, 2014.


The Flow-Through Shares are subject to resale restrictions for a period of four
months plus one day from their issuance. 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. Permitting of a high-grade underground
gold mine at Brucejack is underway, with commercial production 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, risks related to information with respect to our planned exploration
and development activities, the adequacy of Pretivm's financial resources, the
estimation of mineral reserves and resources including the 2013 Valley of the
Kings Mineral Resource estimate, realization of mineral reserve and resource
estimates and 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", "targets" 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 Annual Information Form dated March 18, 2013 filed on
SEDAR at www.sedar.com and in the United States on Form 40-F 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. Neither the TSX nor the
NYSE has approved or disapproved of the information contained herein.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pretium Resources Inc.
Robert Quartermain
President and Chief Executive Officer


Pretium Resources Inc.
Michelle Romero
Vice President, Corporate Relations
[phone]
[e-mail]
www.pretivm.com