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1 CORPORATE PRESENTATION MAY 23, 2014

Corporate Presentation May 23, 2014

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Page 1: Corporate Presentation May 23, 2014

1

CORPORATE PRESENTATION

MAY 23, 2014

Page 2: Corporate Presentation May 23, 2014

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CAUTIONARY STATEMENT

Forward 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 preliminary mill results from processing the 426585E cross-cut, the preliminary mill results from the bulk sample program, the estimated gold to be produced from the bulk sample program, the estimated contained gold in the 426585E cross-cut from the sample tower, 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 2013 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 Project, 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 the mineralization 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 31, 2013 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 such statements, 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. National 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”) “Mineral Resources Update Technical Report” dated December 19, 2013 and “Feasibility Study and Technical Report on the BrucejackProject, Stewart, BC” dated June 21, 2013. We have filed the Reports 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. Kenneth C. McNaughton, P.Eng. and Ian Chang, 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. CurrencyUnless otherwise indicated, all dollar values herein are in Canadian $.

Page 3: Corporate Presentation May 23, 2014

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High-grade underground gold project

Commercial production target 2016

Located in British Columbia, Canada

V A L U E T H R O U G H G O L D

3

Page 4: Corporate Presentation May 23, 2014

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PRETIVM MANAGEMENT

Robert Quartermain, B.Sc., M.Sc., P.Geo, D.Sc. President & Chief Executive Officer, Director

Joseph Ovsenek, B.A. Sc., P.Eng., LLBExecutive Vice President & Chief Development Officer, Director

Ken McNaughton, M.A. Sc., P.Eng.Vice President & Chief Exploration Officer

Ian I Chang, M.A. Sc., P.Eng.Vice President, Project Development

Michelle Romero, B.A., M.L.S.Vice President, Corporate Relations

Kevin Torpy, B.Sc.Director, Mine Engineering

Warwick Board, Ph.D., P.Geo. Chief Geologist

Max Holtby, B.Sc., P. Geo.Director, Permitting

James A Currie, P.Eng.Vice President & Chief Operating Officer

Peter de Visser, CAChief Financial Officer

Page 5: Corporate Presentation May 23, 2014

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2010 IPO HIGH-GRADE CROSS-SECTION AT BRUCEJACK

SU-084

100 m

Scale 100 m

SU-51.50 m @ 215 g/t Au

SU-840.44 m @ 5,480 g/t Au

SU-1060.69 m @ 1,710 g/t Au

SU-121.50 m @ 16,948 g/t Au

SU-291.50 m @ 5,344 g/t Au

Section View +/- 300m

5.0-20

Key (g/t Au)Assay intervals

1.0-5.0

0.5-1.0

>20

N S

Page 6: Corporate Presentation May 23, 2014

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DRILLING 2010 - 2013

100 m

Scale 100 m

N S

Section View +/- 300m

5.0-20

Key (g/t Au)Assay intervals

1.0-5.0

0.5-1.0

>20

Page 7: Corporate Presentation May 23, 2014

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BRUCEJACK HIGH-GRADE GOLD

Page 8: Corporate Presentation May 23, 2014

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147 HITS OVER 1 KG/T GOLD TO DATE

Page 9: Corporate Presentation May 23, 2014

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HIGH-GRADE GOLD RESERVES(1,2,3)

Valley of the Kings

West Zone

Category Tonnes(mil)

Gold(g/t)

Silver(g/t)

ContainedGold

(mil oz)Silver

(mil oz)

Probable 15.1 13.6 11.0 6.6 5.3

Category Tonnes(mil)

Gold(g/t)

Silver(g/t)

ContainedGold

(mil oz)Silver

(mil oz)Proven 2.0 5.7 309 0.4 19.9Probable 1.8 5.8 172 0.3 10.1Total P&P 3.8 5.8 243 0.7 30.0

Valley of the Kings Mineral Reserve Estimate – May 16, 2013 West Zone Mineral Reserve Estimate – May 16, 2013

(1) Source: Feasibility Study and Technical Report on the Brucejack Project, dated June 21, 2013(2) Base case metals prices of US$1,350 /oz gold and US$20/oz silver(3) The June 2013 feasibility study is based on the November 2012 Mineral Resource estimate for the Brucejack Project and will be amended in 2014.

Page 10: Corporate Presentation May 23, 2014

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BRUCEJACK PROJECT LOCATION

Page 11: Corporate Presentation May 23, 2014

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BRUCEJACK UNDERGROUND

Page 12: Corporate Presentation May 23, 2014

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VALLEY OF THE KINGS: STOCKWORK

S N

Cleo West Drift 615L West Raise

Domain 20

~0.5 m

Page 13: Corporate Presentation May 23, 2014

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PLAN VIEW: 2013 UG DRILLING

Fragmental Volcanic Rocks

PolylithicConglomerate

VolcanicSediment

50 m

N

Completed Underground Development

Completed Bulk Sample

Legend

>20

Key (g/t Au)Assay intervals

5.0-20.0

2.5-5.0

Silicified Conglomerate

Volcanic Flows

Page 14: Corporate Presentation May 23, 2014

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DECEMBER 2013 RESOURCE ESTIMATE

Valley of the Kings Mineral Resource estimate - December 2013(1),(4)

(Based on a cut-off grade of 5.0 grams of gold-equivalent/tonne(5))

CategoryTonnes

(millions)Gold(g/t)

Silver(g/t)

Contained(3)

Gold(million oz)

Silver(million oz)

Measured 2.0 19.3 14.4 1.2 0.9Indicated 13.4 17.4 14.3 7.5 6.1

M & I 15.3 17.6 14.3 8.7 7.0Inferred(2) 5.9 25.6 20.6 4.9 3.9

(1) Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected byenvironmental, permitting, legal, marketing, or other relevant issues. The Mineral Resources in this news release were estimated using the Canadian Institute of Mining,Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on ReserveDefinitions and adopted by CIM Council.(2) The quantity and grade of reported Inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred Resources asan Indicated or Measured Mineral Resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured Mineral Resource category.(3) Contained metal figures and totals may differ due to rounding of figures.(4) The Mineral Resource estimate stated in Table 1 is defined using 10 m by 10 m by 10 m blocks in the in Valley of the Kings.(5) The gold equivalent value is defined as AuEq = Au + Ag/53.(6) See news release dated December 19, 2013.

The updated Valley of the Kings Resource estimate announced in December(6) added Measured gold Resources and increased gold grade:

The June 2013 Feasibility Study will be amended using the December Valley of the Kings Mineral Resource estimate

Page 15: Corporate Presentation May 23, 2014

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2013 RESOURCE MODEL – VALLEY OF THE KINGS

5-10

10-20

20-60

>60

Key (g/t Au)

December 2013 Mineral ResourceMeasured and Indicated Blocks >5g/t Au. Blocks are 10m x 10m x 10m

100 m

N

Page 16: Corporate Presentation May 23, 2014

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MINING METRICS (1)

30 m level spacing

Maximum of 45 m stope lengths

15 m widths

Dilution Factors– Primary Stopes: 7%– Secondary Stopes: 15%

Mining Recovery Factors– Primary Stopes: 97.5%– Secondary Stopes: 92.5%

Average 12 stopes in the mining and backfill cycle at any time

(1)See Feasibility Study and Technical Report on the Brucejack Project, Stewart, BC dated June 21, 2013

Page 17: Corporate Presentation May 23, 2014

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LIFE OF MINE PLAN

Oblique view facing west

West Zone

Valley of the Kings

Infrastructure Area

Portals

Page 18: Corporate Presentation May 23, 2014

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SITE LAYOUT

Portals

MillCamp

Development RockDisposal Laydown &

Fuel Storage

Substation

West ZonePortal

Truck Shop

Page 19: Corporate Presentation May 23, 2014

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PROCESSING & POTENTIAL REFINEMENT

Gravity and flotation concentration

Producing gold/silver concentrate and doré

Bulk sample program gold recoveries averaged 98%

Evaluate increasing recoveries in amended Feasibility Study

Opportunity to simplify flow sheet

Page 20: Corporate Presentation May 23, 2014

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BRUCEJACK PROJECT ECONOMICS

(1) Source: Feasibility Study and Technical Report on the Brucejack Project, (Tetra Tech) dated June 21, 2013(2) Base case metals prices of US$1,350 /oz gold and US$20/oz silver(3) Includes by-product cash costs, sustaining capital, exploration expense and reclamation cost accretion(4) The June 2013 feasibility study is based on the November 2012 Mineral Resource estimate for the Brucejack Project and will

be amended in 2014.

June 2013 Feasibility Study Highlights(1,2,4) :Processing rate 2,700 tonnes per day

Mine life 22 years

Total gold production 7.1 million oz

Average annual gold production 425,700 ounces (years 1-10)321,500 ounces (life of mine)

Average gold grade 14.2 g/t (years 1-10)12.0 g/t (life of mine)

All-in sustaining cash cost per oz(3) $508/oz

Capex (including contingencies) US$663.5 million

Total operating costs C$156.46/t milled

Internal Rate of Return 42.9% (pre-tax)35.7% (post-tax)

Net Present Value (5% discount)

US$2.69 billion (pre-tax)US$1.76 billion (post-tax)

Page 21: Corporate Presentation May 23, 2014

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2014 AMENDED FEASIBILITY STUDY (1)

Uses Measured & Indicated Resources from December 2013

Uses lower metals prices, updated exchange rates

$1,100 gold, $17 silver

$0.92 CAD:US

Optimized site layout

Reduced surface prep

Cost and time savings

Refinements underway for mining, metallurgy and flow sheet based on results of 2013’s Valley of the Kings bulk sample program

Amended Brucejack Project Feasibility Study expected Q2

(1) The amended Brucejack Project Feasibility Study will be based on the December 2013 Mineral Resource estimate for the Valley of the Kings. See slide 9.

Page 22: Corporate Presentation May 23, 2014

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PERMITTING PROCESS

Scope and Process for

Review determined

1st Public Comment

PeriodApplication Submitted

Application evaluated for completeness

Application review, 2nd

Public Comment

Period

Assessment Report

Referral to Ministers

January 2013

Five Open Houses inNovember

2013

Target submitting by

H1, 2014

(30 days) (Review stage 180 days)

Project Description

Filed

Project Decision by

Ministers

(Decision 45 days)

BC Environmental Assessment Office (EAO) manages it

Federal review coordinated by Federal Environmental Assessment Agency (CEAA) for relevant areas

Provincial and Federal reviews are coordinated

For more information on assessment process: www.eao.gov.bc.ca/ea_process.html

Page 23: Corporate Presentation May 23, 2014

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COMMUNITY ENGAGEMENT

Commercial relationships with local First Nations during the exploration phase at Brucejack have been mutually successful

Examples of Brucejack Project contracts with First Nation development corporations include camp construction, access road maintenance, waste rock disposal

The proposed mine will provide approximately 800 jobs during construction and 500 jobs during operations

We will continue to extend both commercial contract and employment opportunities to locals whenever possible

Page 24: Corporate Presentation May 23, 2014

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THE NEXT EIGHT MONTHS:

2014 File 43-101 Technical Report for

December 2013 Mineral Resource estimate update

Processing 1,000 tonnes of high-grade ore from 2013 exploration program

File Environmental Assessment Certificate application

Updated Feasibility Study

Plan and implement underground exploration program

Plan for excavation of additional 1,000 tonnes of high-grade ore

Potential production of additional 1,000 tonnes of high-grade ore

Page 25: Corporate Presentation May 23, 2014

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VALLEY OF THE KINGS M+I RESOURCE

Northing (± 25 m)

M+I Gold*(Oz.)

6258225 138,175

6258175 412,508

6258125 853,632

6258075 342,402

6258025 2,161,727

6257975 2,434,390

6257925 1,126,442

6257875 643,503

6257825 410,615

6257775 87,687

*Dec. 2013 M+I Mineral Resource; ≥5.0 g/t Au.

1.20 1.87 1.53 2.28 1.17 0.52 0.52 M+I Au* (Moz.)

Surface projection of December 2013 Mineral Resource estimate, with total ounces per 100 m Easting and 50 m Northing strips

Page 26: Corporate Presentation May 23, 2014

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HIGH-GRADE GOLD WITH SIZE

Kirkland Lake Mine(Kirkland Lake)

Kensington Mine(Coeur)

Casa Berardi(Hecla/Aurizon)

El Penon Mine(Yamana)

Red Lake Mine(Goldcorp)

Pogo Mine(Sumitomo)

Valley of the Kings

Cerro Negro(Goldcorp)

Eleonore(Goldcorp)

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0

Prov

en +

Pro

babl

e G

old

Gra

de (g

/t)

Proven + Probable Gold Reserves (mm oz)

Data source: Companies (1) Valley of the Kings reserves based on June 2013 Feasibility Study to be amended in 2014 using updated Mineral Resource estimate.

Page 27: Corporate Presentation May 23, 2014

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SHAREHOLDING & ANALYST COVERAGE

(1) As of May 23, 2014; ownership calculated on an undiluted basis. (2) As of May 23, 2014. Source: IPREO, SEDI

Top Shareholders(2) (shares in millions)

Silver Standard Resources 18.986Liberty Metals & Mining 6.850 Royce & Associates 5.546 Aristeia Capital, LLC 4.655Sun Valley Gold, LLC 4.361Robert Quartermain 2.808 Franklin Advisors, Inc. 2.749Norges Bank InvestmentTD Asset Management

2.4571.959

Sprott Asset Management 1.854Weiss Asset Management 1.837

Analyst CoverageBMO John HayesCIBC Jeff KilleenCitibank Alex HackingCormark Securities Richard GrayCowen Securities Adam GrafGMP Securities George AlbinoH.C. Wainwright Jeff WrightRBC Dan RollinsRoth Capital Partners Joseph ReagorSalman Partners Ash GuglaniScotiabank Ovais Habib

Capital Structure(1)

Public Float 89.5Silver Standard Shares 19.0 Total Issued & Outstanding Shares 108.5 Incentive Options 10.2Total Fully Diluted Shares 118.7

Market Cap (at May 23, 2014) C$832 million

Working Capital (at Mar. 31, 2014) C$28.1 million+ pending gold

sale receipts

(shares in millions)

Silver Standard,

18 %

Institutions, 49%

Management, 4%

Retail, 29%

Page 28: Corporate Presentation May 23, 2014

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CONTACT:Phone: 604-558-1784Fax: 604-558-4784Toll-free: [email protected]

HEAD OFFICE:Pretium Resources Inc.570 Granville St.Suite 1600Vancouver, BCCanada V6C 3P1

COMMON SHARES:TSX/NYSE:PVGIssued: 108.5 millionFully diluted: 118.8 million52-week hi/low: $10.67/$2.83Market cap: $832 million (at May 23, 2014)

Advancing a major high-grade gold project in Canada

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