Pretium Resources Closes Offering of Common Shares

Pretium Resources Inc. (“Pretium”) closed its offering of an aggregate of 5,554,500 common shares at an offering price of $14.50 for gross proceeds of $80,540,250, including exercise in full of the over-allotment option. The offering was made pursuant to a prospectus supplement dated May 3, 2012, to the company's short form base shelf prospectus dated March 19, 2012, and was underwritten by a syndicate of underwriters led by Scotia Capital Inc. Proceeds of the offering will be used towards ongoing exploration at Pretium's Brucejack Project in northwestern British Columbia.

Pretium was represented by a team from Fasken Martineau DuMoulin LLP that included Georald Ingborg, Amanda Robinson and Barinder Sidhu (securities); as well as Ron Nobrega (tax) and Johanna Fipke (mining). Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as US counsel to Pretium, with a team that included Edwin Maynard, Robert Goldstein and Tim Phillips.

The Underwriters were represented by Blake, Cassels & Graydon LLP, with a team that included Bob Wooder, Kathleen Keilty, Jon Hoyles and Amanda Willett (securities) and Kevin Zimka (tax). United States counsel to the Underwriters was Skadden, Arps, Slate, Meagher & Flom LLP with a team that included Riccardo Leofanti and Eric Sensenbrenner, Elizabeth Mallone, Michael Acedo, Vittoria Varalli and Daniel McCall.