Pretivm to Complete a $20 Million Flow-Through Share Private Placement

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. NEWSWIRE SERVICES

Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to announce
that it has negotiated a private placement consisting of 568,182 ITC
flow-through common shares ("ITC Flow-Through Shares") of Pretivm at a price of
$8.80 per share and 1,863,355 CEE flow-through common shares ("CEE Flow-Through
Shares") of Pretivm at a price of $8.05 per share for aggregate gross proceeds
of approximately $20 million (the "Offering"). BMO Capital Markets has been
appointed as the lead agent and sole bookrunner for the Offering which includes
a syndicate of agents (the "Agents").


The proceeds of 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 Agents have been granted an option to purchase up to 745,342 additional CEE
Flow-Through Shares of Pretivm at any point up to 14 days following the closing
of the Offering for additional gross proceeds to Pretivm of up to approximately
$6 million.


The Offering is scheduled to close on or about March 6, 2014 and is conditional
upon receipt of all necessary regulatory approvals, including the approval of
the Toronto Stock Exchange.


The gross proceeds of the Offering will be used during the 2014 exploration
program to incur eligible Canadian Exploration Expenses ("CEE"), and for the ITC
Flow-Through Shares, 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), (the "Qualifying Expenditures"), which will be renounced to the
subscribers with an effective date no later than December 31, 2014. In the event
the Company is unable to renounce Qualifying Expenditures effective on or prior
to December 31, 2014 to the initial purchasers of Flow-Through Shares in an
aggregate amount not less than the gross proceeds raised from the issue of the
Flow-Through Shares or such expenditures are reduced by the Canada Revenue
Agency, the Company will indemnify each Flow-Through Share subscriber for the
additional taxes payable by such subscriber as a result of the Company's failure
to renounce the Qualifying Expenditures as agreed. 


The CEE Flow-Through Shares and ITC Flow-Through Shares (together, the
"Flow-Through Shares") will be offered to accredited investors in all Provinces
of Canada pursuant to applicable securities laws. 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. Permitting of a high-grade underground
gold mine at Brucejack is underway, with commercial production targeted to
commence in 2016.


(SEDAR filings: Pretium Resources Inc.)

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 satisfying conditions of the Offering, 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
[phone]


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