Pretivm Resources Inc. (PVG)

[Tommy]

$PVG - Pretium Resources Inc.: Bulk Sample Surpasses Target of 4,000 Ounces of Gold; Processing Continues

http://www.pretivm.com/news/news-details/2013/Pretium-Resources-Inc-Bulk-Sample-Surpasses-Target-of-4000-Ounces-of-Gold-Processing-Continues/default.aspx

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 22, 2013) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") is pleased to report that 4,215 ounces of gold have been produced from 8,090 dry tonnes of excavated material from the Valley of the Kings Bulk Sample Program (the "Program"). Approximately 1,815 wet tonnes remain to be processed. The preliminary mill results to date are shown in Table 1 below.

Table 1: Preliminary Mill Results from Processing (at November 20, 2013)

Notes: Preliminary mill results are provided by Strategic Minerals LLC, operator of the mill, and are subject to final establishment of weights and assays and settlement.

The results to date shown in Table 1 surpass the target of 4,000 ounces of gold projected to be produced from the entire 10,000 tonnes of material excavated for the Program. Processing is continuing on track and is expected to be completed by the first week of December (after a week-long mill shutdown for the U.S. Thanksgiving holiday). Shipment and sale of the gravity concentrate has commenced, with shipment of the flotation concentrate to commence on completion of processing. The final amount of gold production will be announced at the end of processing and assaying which is expected by mid-December.

Independent Qualified Persons from Snowden Mining Industry Consultants are responsible for the review and sign-off of the milling and processing component of the Program, and will issue a final report on its completion.

Ian I Chang, M.A.Sc., P.Eng., Vice President, Project Development, Pretium Resources Inc. is the Qualified Person (QP) responsible for Brucejack Project development.

About Pretivm

Pretivm is creating value through gold at its high-grade gold Brucejack Project, located in northern British Columbia. Processing of the 10,000-tonne Valley of the Kings bulk sample is expected to be completed this quarter. Permitting of a high-grade underground gold mine at Brucejack is underway, with commercial production targeted to commence in 2016.