Silver Standard Completes Secondary Offering

On April 8, 2011, Silver Standard Resources Inc. (“Silver Standard”) completed a secondary offering of an aggregate of 11.5 million units, including the exercise in full of the over-allotment option, of Pretium Resources Inc. (“Pretivm”). The secondary offering was conducted by a syndicate of underwriters led by CIBC World Markets Inc., Citigroup Global Markets Canada Inc. and UBS Securities Canada Inc., and including BMO Nesbitt Burns Inc., Dahlman Rose & Company, LLC, GMP Securities L.P., Credit Suisse Securities (Canada), Inc. and Salman Partners Inc. The secondary offering consisted of an aggregate of 11-5 million units at a price of $10.00 per unit for gross proceeds to Silver Standard of $115-million.

Each unit consists of one common share of Pretivm owned by Silver Standard and one-half of one common share purchase warrant of Pretivm, with each whole warrant exercisable to purchase one common share of Pretivm owned by Silver Standard at a price of $12.50 per share for a period of 12 months following closing.

Fasken Martineau DuMoulin LLP acted as Canadian counsel to Pretivm, with a team that included Josh Lewis, Georald Ingborg, Amanda MacAdams, Samuel Li and Barinder Sidhu (corporate/securities).

Silver Standard was represented in house by Guy Davis, Corporate Counsel, and by a Lawson Lundell LLP team that included Jerrold Schramm, Stephen Cooper (corporate/securities) and Leonard Glass (tax).

Paul, Weiss, Rifkind, Wharton & Garrison LLP's Edwin Maynard, Leah Fleck, Jennifer Murdoch (corporate/securities) and David Mayo and Colin Kelly (tax) acted as US counsel to Pretivm and Silver Standard.

Blake, Cassels & Graydon LLP acted as Canadian counsel to the Underwriters, with a team that included Bob Wooder, Kathleen Keilty and Josh Brubacher (corporate/securities) and Kevin Zimka (tax).

Mayer Brown LLP's Edward Best (capital markets, financial institutions) of acted as US counsel to the Underwriters.