Pretium Resources closes $2M 2nd tranche of FT private placement

News Release

Pretivm Closes Second Tranche of C$5 Million Flow-Through Share Private Placement

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

Vancouver, British Columbia July 14, 2017; Pretium Resources Inc. (TSX/NYSE:PVG) (“Pretivm” or the “Company”) is pleased to announce that it has closed the second tranche of the non-brokered private placement offering announced on June 26, 2017 of 329,000 flow-through common shares (“Flow-Through Shares”) of Pretivm at a price of C$15.20 per share for gross proceeds of approximately C$5 million (the “Offering”). The second and final tranche consists of 132,000 Flow-Through Shares for gross proceeds of approximately C$2 million.

The proceeds of the Offering will be used to fund grass-roots exploration approximately 20 kilometers east of the Brucejack Mine. The 2017 program will follow up on results from the 2016 grass-roots exploration program.

The gross proceeds of the Offering will be used during the 2017 exploration program to incur eligible “Canadian exploration expenses”, as defined in the Income Tax Act (Canada), that will qualify as “flow through mining expenditures” as defined in subsection 127(9) of the Income Tax Act (Canada), and, provided Bill – 8 -2017: Budget Measures Implementation Act, 2017 (British Columbia) receives royal assent, “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, 2017. In the event the Company is unable to renounce Qualifying Expenditures effective on or prior to December 31, 2017 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 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 ramping-up gold production at the high-grade underground Brucejack Mine in northern British Columbia.

For further information contact:
Joseph Ovsenek
President

Troy Shultz
Manager, Investor Relations & Corporate Communications

Pretium Resources Inc.
Suite 2300, Four Bentall Centre, 1055 Dunsmuir Street
PO Box 49334 Vancouver, BC V7X 1L4
(604) 558-1784
(877) 558-1784
invest@pretivm.com

(SEDAR filings: Pretium Resources Inc.)