Q2 2018 Conference Call · Q2 2018 Conference Call August 10, 2018 Brucejack Mine Delivers on Guidance; Building a Strong Cash Position. 2 ... results of future exploration and drilling,

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VA LU E T H R O U G H G O L D

Q2 2018 Conference Call

August 10, 2018

Brucejack Mine Delivers on Guidance; Building a Strong Cash Position

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Cautionary StatementForward-Looking InformationThis Presentation contains “forward-looking information” and “forward looking statements” within the meaning of applicable Canadian and United States securities legislation. Forward-looking information may include, but is not limited to, the anticipated production and developments in our operations in future periods, information with respect to our planned exploration and development activities, the adequacy of our financial resources, the estimation of mineral reserves and resources including the 2016 Valley of the Kings Mineral Resource estimate, realization of mineral reserve and resource estimates and timing of development of our 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 Mine, timing and receipt of approvals, consents and permits under applicable legislation, our executive compensation approach and practice, the composition of our board of directors and committees and adequacy of financial resources. Wherever possible, words such as “plans”, “expects”, “projects”, “assumes”, “budget”, “strategy”, “scheduled”, “estimates”, “forecasts”, “anticipates”, “believes”, “intends”, “targets” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative forms of any of these terms and similar expressions, have been used to identify forward-looking statements and information. Statements concerning mineral reserve and resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of themineralization that will be encountered if the property is developed. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be forward-looking information. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation, those risks identified in our Annual Information Form dated March 28, 2018 filed on SEDAR at www.sedar.com and in the United States on Form 40-F through EDGAR at the SEC’s website at www.sec.gov. Forward-looking information is based on the expectations and opinions of our management on the date the statements are made. The assumptions used in the preparation of suchstatements, although considered reasonable at the time of preparation, may prove to be imprecise. We do not assume any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable law. For the reasons set forth above, prospective investors should not place undue reliance on forward-looking information. CurrencyUnless otherwise indicated, all dollar values herein are in US $.

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Notes to InvestorsNational Instrument 43-101Technical and scientific information contained herein relating to the Projects is derived from National Instrument 43-101 (“NI 43-101”) compliant technical reports (“Reports”), “Measured, Indicated, and Inferred Mineral Resource Update” dated July 21, 2016, “Feasibility Study and Technical Report on the Brucejack Project, Stewart, BC” dated June 19, 2014, “Mineral Reserve Update” dated December 15, 2016, “capital cost update” dated February 3, 2017, and . We have filed the Reports and Update under our profile at www.sedar.com. Technical and scientific information not contained within the Reports for the Projects have been prepared under the supervision of Mr. Ivor W.O. Jones, M.S.c., FAusIMM, Cpgeo, Mr. Kenneth C. McNaughton, P.Eng., Ian Chang, P.Eng., Mr. Russell Pennel, B.A.S.c., P.Eng., and Mr. LyleMorgenthaler, B.A.S.c., P.Eng. each of whom is an independent “qualified person” under NI 43-101.This presentation uses the terms “measured resources”, “indicated resources” (together “M&I”) and “inferred resources”. Although these terms are recognized and required by Canadian regulations (under NI 43-101), the United States Securities and Exchange Commission does not recognize them. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. There is no guarantee that all or any part of the mineral resource will be converted into mineral reserves.In addition, “inferred resources” have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre feasibility studies, or economic studies, except for a Preliminary Assessment as defined under NI 43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable. Non-IFRS Financial Performance MeasuresThe Company has included certain non-IFRS measures in this presentation. The Company believes that these measures, in addition to measures prepared in accordance with IFRS, provide investors an improved ability to evaluate the underlying performance of the Company and to compare it to information reported by other companies. The non-IFRS measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. These measures do not have any standardized meaning prescribed under IFRS, and therefore may not be comparable to other issuers.The non-IFRS financial measures included in this presentation include: cash costs per ounce of gold sold, all-in sustaining cost per ounce of gold sold, adjusted earnings or loss, adjusted earnings or loss per share, and average realized price per ounce of gold sold. Please refer to the Non-IFRS Performance Measures section of the Company’s MD&A filed on SEDAR at www.sedar.com and in the United States on Form 40-F through EDGAR at the SEC’s website at www.sec.gov for a detailed discussion and reconciliation of the non-IFRS measures to the most directly comparable IFRS measures. The Company believes that in addition to conventional measures prepared in accordance with IFRS, the Company and certain investors and analysts use this information to evaluate the Company’s performance. In particular, management uses these measures for internal valuation for the period and to assist with planning and forecasting of future operations. The presentation of non-IFRS measures is not meant to be a substitute for the information presented in accordance with IFRS.

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Brucejack MineDelivers on Guidance; Building a Strong Cash Position

Q2 Summary

Source: See News Releases dated August 9, 2018 and refer to Company’s Financial Statements and MD&A.(1) Non-IFRS performance measure. For reconciliation to IFRS measures refer to the Company’s MD&A.

111,340 ounces gold produced

$146.5 million in revenue

$648 per ounce sold AISC1

$47 million adjusted earnings1

$142.5 million cash at June 30, 2018

5(1) See News Release dated July 9, 2018

Brucejack H1 2018 Monthly Gold Production1

Steady Increase in Production in H1

Positive production trend with implementation of operational grade control in March

0

2

4

6

8

10

12

14

16

18

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

January February March April May June

Gold Ounces Grade

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Brucejack H1 2018 Production and Guidance

Delivering on H1 Guidance

Q2 2018Actual

H1 2018 Actual H1 2018 Guidance

Gold Produced 111,340 oz 187,029 oz 150,000 - 200,000 oz

AISC per oz sold1 $648 /oz $783 /oz $900 - $700 /oz

Steady State Production Achieved


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Cash Position Increased by 150%from Q4 2017 to Q2 2018

$0

$20

$40

$60

$80

$100

$120

$140

Q4 2017 Q1 2018 Q2 2018

Mill

ions

USD

Cash Balance$142.5 M

Source: See News Releases dated August 9, 2018 and refer to Company’s Financial Statements and MD&A.

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Financial Performance

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Financial Performance


Q2 2018 H1 2018

Gold Ounces Produced 111,340 oz 187,209 ozGold Ounces Sold 115,309 oz 183,960 ozAverage Realized Price1 $1,278/oz $1,276/oz

Revenue $146.5 M $235.9 M

Total Cash Costs1 $548/oz $657/ozCost of Sales $86.4 M $159.0 M

Per Ounce Sold $749/oz $864/oz

Earnings from Mine Operations1 $60.1 M $76.9 M

Second Quarter & First Half 2018

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Financial Performance (cont’d)

Second Quarter & First Half 2018


Q2 2018 H1 2018

Earnings from Mine Operations1 $60.1 M $76.9 M

Corporate Administrative Costs ($3.4 M) ($5.9 M)

Operating Earnings $56.7 M $71.0 MInterest and Finance Expense ($16.0 M) ($31.4 M)Financial Instruments at Fair Value - Gain $3.6 M $0.9 M

Taxes ($13.2 M) ($17.4 M)

Net Earnings $31.1 M $23.0 MPer Share $0.17 $0.13

Adjusted Earnings1 $47.0 M $52.8 M

Per Share1 $0.26 $0.29

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All-In Sustaining Cost (AISC1)


H1 2018 Actual H1 2018 Guidance

Gold Ounces Produced 187,029 oz150,000 oz 200,000 oz

Gold Ounces Sold 183,960 oz

All-In Sustaining Cost1 $144 M $135 M $140 M

All-In Sustaining Cost1 / oz sold $783 /oz $900 /oz $700 /oz

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Liquidity


Cash on Hand (Mar 31, 2018) $70.5 M

Cash Generated from Operations $77.3 M

Capex ($5.8 M)

$72.0 M

Cash on Hand (Jun 30, 2018) $142.5 M

Second Quarter 2018

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Balance Sheet Strategy

2018 Build Cash Position

Refinance/Pay Down Credit Facility1

– $350M at 7.5% interest $423M due Dec 31, 2018

– Extendable to Dec 31, 2019 with payment of 2.5% of principal and interest

Buy Back Precious Metals Stream1,2

– 1st opportunity $237M on Dec 31, 2018

– 2nd opportunity $272M on Dec 31, 2019

Continuing to Evaluate Formal Proposals

(1) See News Release dated Sept 15, 2015(2) Capped at 7.067 M oz and 26.279 M oz refined gold and silver, less production to Dec 31, 2019. Based on refined gold and silver that were

estimated to be available for sale in the June 2014 Feasibility Study for the Brucejack Project

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Organic Growth Opportunities

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Organic Growth Opportunities Mill Upgrade to 3,800 tpd

Low Capital Investment of ~US$25M : 40% Increase in Production Rate(1)

(1) Increase production rate to 3,800 t/d from 2,700 t/d. Pending permit application approval; see News Release dated Dec 21, 2017.

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Flow Dome Zone

250 m

E

Valley of the Kings Development

W

9.0m @ 21.87 g/t Au(Inc 0.5m @ 203 g/t Au)

2.05m @ 2,100 g/t Au(Inc 0.5m @ 8,600 g/t Au)

SU-6571

SU-6661

2018 Exploration Drill Holes

(1) Regional exploration drill results; see News Release dated Oct 8, 2015

Organic Growth Opportunities Exploration Drilling for Source Porphyry

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5km

Surface Sampling

20172016201520142011/13 Pre 2011

N

Boulder Zone

Koopa Zone

American Creek Zone

5 km

Brucejack

Organic Growth Opportunities Bowser Regional Exploration

Regional exploration program; see News Release dated Dec 5, 2017

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Brucejack H2 2018 Guidance

H2 Guidance

H2 2018 Guidance

Gold Produced 200,000 oz 220,000 oz

AISC per oz sold1 $770 /oz $710 /oz


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2018 Catalysts for Success

Emerging High-Grade Gold Producer

Remain Focused on Execution at Brucejack

Deliver on Guidance

Build Cash Balance

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Appendix

PVG : TSX/NYSEpretivm.com

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Shareholding & Analyst Coverage

(1) As of Aug 8, 2018; ownership calculated on an undiluted basis.(2) As of Aug 8, 2018. Source: IPREO, Morningstar Inc. & SEDAR.

Top Shareholders(2)` (% S/O)

Black Rock Asset Management 14.9Van Eck Associates 11.8Letko, Brosseau & Associates 4.7M&G Investment Management 3.8Rothschild Asset Management 3.6BMO Asset Management 3.2Orion Mine Finance 2.5Sun Valley Gold 2.2Franklin Advisors 2.2Pretivm Management 1.9

Equity Structure(1)(shares in millions)

Issued & Outstanding 182.4Fully Diluted 194.2

Market Cap (August 8, 2018) US$1.50 B

Analyst CoverageBMO Andrew KaipCanaccord Genuity Rahul PaulCIBC David HaughtonCiti Alexander HackingCormark Securities Richard GrayGlobal Mining Research David CotterellH.C. Wainwright Heiko F. IhleNumis Jonathan GuyRBC Dan RollinsRoth Capital Partners Joseph ReagorScotiabank Ovais Habib

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Second Quarter 2018Select Operating Results

Source: See News Releases dated Aug 9, 2018 and refer to Company’s Financial Statements and MD&A.

Three months ended June 30, Six months ended June 30,2018 2017(1) 2018 2017(1)

Ore mined t 248,506 - 516,845 -

Mining rate tpd 2,731 - 2,855 -

Ore milled t 236,990 - 498,433 -

Head grade g/t Au 14.9 - 11.9 -

Recovery % 97.7 - 97.4 -

Mill throughput tpd 2,604 - 2,754 -

Gold ounces produced oz 111,340 - 187,029 -

Silver ounces produced oz 118,205 - 212,935 -

Gold ounces sold oz 115,309 - 183,960 -

Silver ounces sold oz 118,366 - 202,600 -

The following abbreviations were used above: t (tonnes), tpd (tonnes per day), g/t (grams per tonne), Au (gold) and oz (ounces).(1) No comparative data as the mine commenced commercial production as of July 1, 2017.

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Second Quarter 2018Select Financial Results

Source: See News Releases dated Aug 9, 2018 and refer to Company’s Financial Statements and MD&A.

Three months ended June 30, Six months ended June 30,In thousands of USD, except for per ounce data 2018 2017 2018 2017

Revenue(1) $ 146,478 - 235,900 -Earnings from mine operations (1,2) $ 60,070 - 76,904 -Net earnings (loss) for the period $ 31,097 (2,495) 23,039 (6,758)

Per share - basic $/share 0.17 (0.01) 0.13 (0.04)Per share - diluted $/share 0.17 (0.01) 0.13 (0.04)

Adjusted earnings (loss) (2) $ 47,048 (3,178) 52,845 (9,267)Per share - basic (2) $/share 0.26 (0.02) 0.29 (0.05)

Total cash and cash equivalents $ 142,495 55,311 142,495 55,311Cash generated from (used by) operating activities 77,276 (4,824) 101,995 (7,557)

Total assets $ 1,731,950 1,649,593 1,731,950 1,649,593Long-term debt (3) $ 292,330 616,101 292,330 616,101

Total cash costs (1,2) $/oz 548 - 657 -All-in sustaining costs (1,2) $/oz 648 - 783 -

Average realized price (1,2) $/oz 1,278 - 1,276 -Average realized cash margin (1,2) $/oz 730 - 619 -(1) No comparative data as the mine commenced commercial production as of July 1, 2017.(2) Refer to the "Non-IFRS Financial Performance Measures" section for a reconciliation of these amounts.(3) Long-term debt does not include the current portion of the Company’s senior secured credit facility in the amount of $393,531 as at June 30,

2018.

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Brucejack Mine

PVG : TSX/NYSEpretivm.com

Pretium Resources Inc.Suite 2300 – 1055 Dunsmuir St.Four Bentall CentrePO Box 49334Vancouver, BC, Canada V7X 1L4

Phone: 604-558-1784Fax: 604-558-4784Toll-free: 1-877-558-1784

[email protected]

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Q2 2018 Conference Call · Q2 2018 Conference Call August 10, 2018 Brucejack Mine Delivers on Guidance; Building a Strong Cash Position. 2 ... results of future exploration and drilling,