Klafter Olsen & Lesser LLP Announces That a Class Action Has Been Filed Against Pretium Resources, Inc.

Klafter Olsen & Lesser LLP ("KOL") announces that a securities fraud class
action complaint has been filed in the United States District Court for the
Southern District of New York on behalf of purchasers of Pretium Resources Inc.
("Pretium") (NYSE: PVG) securities during the period between January 19, 2011
and October 21, 2013, inclusive (the "Class Period"). Pretium is a Vancouver,
British Columbia, Canada-based mining company engaged in the exploration and
development of precious metal resources in the Americas. If you are a
shareholder who purchased Pretium securities during the Class Period, you have
until December 24, 2013 to ask the Court to appoint you as Lead Plaintiff for
the class.


The complaint charges Pretium and certain of its officers and directors with
violations of the Securities Exchange Act of 1934 in connection with defendants'
issuance of materially false and misleading statements regarding the Company's
financial performance and future prospects. Specifically, the complaint alleges
that defendants failed to disclose that: (i) Pretium did not have credible
evidence regarding its gold reserve estimates it claimed during the Class
Period; (ii) one of the firms Pretium had hired to provide independent analysis
of its gold reserves at Brucejack Project, Snowden Mining Industry Consultants
("Snowden"), was not using a reliable methodology to evaluate its gold reserve
estimates; (iii) Snowden and Strathcona Mineral Services Ltd. ("Strathcona"),
the other geology firm hired by the Company to evaluate its gold reserves at
Brucejack, did not agree on the methodology to be used to evaluate Pretium's
gold reserves; (iv) contrary to Pretium's statements during the Class Period,
its 2012 Mineral Resource estimates prepared by Snowden did not accurately
classify the mineral resources present as Measured, Indicated and Inferred
Resources; and (v) as a result of the foregoing, Pretium's gold estimates
reported during the Class Period were materially false and misleading.


On October 9, 2013, Pretium issued a press release disclosing that Strathcona
had resigned from the Brucejack Project. Following that announcement, the price
of Pretium securities plummeted over 30% on October 9, 2013 on extremely heavy
volume. Then, on October 22, 2013, the Company further reported that Strathcona
had resigned after a dispute with the company over sampling methods, and had
concluded that "statements included in all recent press releases (by Pretium)
about probable mineral reserves and future gold production (from the Valley of
the Kings zone) over a 22-year mine life are erroneous and misleading." On this
news, Pretium shares declined $1.27 per share or over 27%, to close at $3.36 per
share on October 22, 2013. Finally, the complaint alleges that during the Class
Period, Pretium and its controlling shareholder, Silver Standard Resources Inc.,
sold more than $580 million of Pretium securities at artificially inflated
prices as a result of defendants' material misrepresentations.


Klafter Olsen & Lesser LLP has offices in Washington D.C. and New York and
was founded to offer a unique model that maximizes recoveries for our clients in
class action and individual litigation. We have extensive experience
representing plaintiffs and defendants in a wide variety of litigation matters
including securities, antitrust, corporate governance, commercial, Fair Labor
Standards Act, trespass, constitutional, and consumer actions. Please visit our
website for more information about the Firm.




FOR FURTHER INFORMATION PLEASE CONTACT: 
Kurt B. Olsen
KLAFTER OLSEN & LESSER LLP
1250 Connecticut Ave. N.W., Suite 200
Washington, DC 20036
202/261-3553
[e-mail]