VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 12, 2016) - Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm" or the "Company") is pleased to report a fifth set of results from the underground infill drill program at the Brucejack Project's Valley of the Kings. Results continue to confirm the style and grade distribution of the Valley of the Kings gold mineralization in the area currently being tested, which includes the intersection of high grade and visible gold. Reported assays include seven intersections grading greater than 1,000 grams per tonne gold. (See Table 1 below for assays.)

Selected drill highlights include:

• Hole VU-545 intersected 494.91 grams of gold per tonne uncut over 21.00 meters, including 20,287 grams of gold per tonne uncut over 0.50 meters;
• Hole VU-539 intersected 477.29 grams of gold per tonne uncut over 14.22 meters, including 10,700 grams of gold per tonne uncut over 0.50 meters and 2,710 grams of gold per tonne uncut over 0.50 meters;
• Hole VU-537 intersected 98.52 grams of gold per tonne uncut over 18.99 meters, including 3,200 grams of gold per tonne uncut over 0.50 meters;
• Hole VU-553 intersected 31.17 grams of gold per tonne uncut over 29.00 meters, including 1,535 grams of gold per tonne uncut over 0.50 meters; and
• Hole VU-555 intersected 60.13 grams of gold per tonne uncut over 28.00 meters including 1,250 grams of gold per tonne uncut over 0.50 meters, and 2,090 grams of gold per tonne uncut over 0.50 meters.

Holes VU-537, VU-539, VU-553, VU-545 and VU-555 were drilled from the 1270 drill bay. The bonanza-grade interval from hole VU-545 noted above was intersected at the 1225 level.

For a plan and section views of the reported drill fans please see the following link: http://media3.marketwire.com/docs/pvg0112map.pdf.

To date, results from 149 holes (26,833 meters) of the 2015 infill drill program for the Valley of the Kings have been reported with 25 intersections grading greater than 1,000 grams per tonne gold. An additional 26,000 meters of definition drilling from four underground drill stations is in progress and is expected to be completed in the first-quarter of 2016. When completed, roughly 200 vertical meters over a strike length of 250 meters will have been drilled at 7.5 to 10-meter centers. Assay results from drilling will continue to be reported as they are received.

Table 1: Selected Valley of the Kings Drill Results, January 2016 (VU-500 to VU-559)^{(1), (2), (3)}

Kenneth C. McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, Pretium Resources Inc. is the Qualified Person (QP) responsible for the Brucejack Project exploration program.

About Pretivm

Pretivm is constructing a high-grade underground mine at its Brucejack Project in northern British Columbia with commercial production targeted for 2017.

Forward-Looking Statements

This News Release contains "forward-looking information" and "forward looking statements" within the meaning of applicable Canadian and United States securities legislation. Statements contained herein that are not based on historical or current fact, including without limitation statements containing the words "anticipates," "believes," "may," "continues," "estimates," "expects," and "will" and words of similar import, constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking information may include, but is not limited to, information with respect to our planned exploration and development activities, the adequacy of Pretivm's financial resources, the estimation of mineral reserves and resources including the 2013 Valley of the Kings Mineral Resource estimate and the Brucejack Mineral Reserve estimate, realization of mineral reserve and resource estimates and timing of development of Pretivm's Brucejack Project, costs and timing of future exploration, results of future exploration and drilling, production and processing estimates, capital and operating cost estimates, timelines and similar statements relating to the economic viability of the Brucejack Project, timing and receipt of approvals, consents and permits under applicable legislation, Pretivm's executive compensation approach and practice, and adequacy of financial resources.
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