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

EUROPEAN GOLD FORUM
April 19-20, 2016
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CAUTIONARY STATEMENT

Forward Looking Information
This 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 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 28, 2016 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 43-101
Technical 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 Brucejack
Project, Stewart, BC” dated June 19, 2014. 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. 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.
Currency
Unless otherwise indicated, all dollar values herein are in Canadian $.
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VALUE THROUGH GOLD

 Brucejack high-
grade gold project

 Fully funded &
permitted -
construction
underway

 Commercial
production target
2017
3

BRUCEJACK PROJECT LOCATION 4 .

BRUCEJACK HIGH-GRADE GOLD 615L West Raise 5 .

4 7.6 12 1.0 (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project.6 Total P&P 2.2) West Zone Valley of the Kings Mineral Reserve Estimate – June 2014 Valley of the Kings West Zone Contained Contained Category Tonnes Gold Silver Gold Silver Category Tonnes Gold Silver Gold Silver (mil) (g/t) (g/t) (mil oz) (mil oz) (mil) (g/t) (g/t) (mil oz) (mil oz) Proven 2.9 6.1 15.5 181 0. dated June 19.9 4.1 0.3 8.5 15.6 Total P&P 13.4 Probable 11.3 17.6 15.9 Probable 1.HIGH-GRADE GOLD RESERVES(1. 2014 6 .9 279 0.2 383 0.5 6.8 Proven 1.8 3.7 11 6.6 26.7 10 5.

VALLEY OF THE KINGS: STOCKWORK N S ~0.5 m Domain 20 Cleo West Drift 615L West Raise 7 .

5% 30 M SPACING – Secondary Stopes: 92.5%  Average 12 stopes in the mining and backfill cycle at any time 8 .LONGHOLE STOPING  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.

BRUCEJACK MINE: LIFE OF MINE (18 YEAR) Valley of the Kings 1500m level Ventilation Raise VR4 Ventilation Raise VR1 Ventilation Raise VR3 Valley of the Kings 1350m level West Zone Portal Ventilation Raise VR5 Valley of the Kings 1230m level Shops Conveyor Portal Valley of the Kings 990m level West Zone Open 990m level Open 9 .

MINING: YEAR 1 MINING: YEAR 5 10 .

1310.2016 Grade Blocks (g/t Au) in In Years 1-3 Stopes (1) Probable Reserves 5-10 10-20 20-60 >60 100m (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project. 1270 AND 1260 DRILL FANS 1310 Drill Bay 1260 Level 1320 Level 1270 Drill Bay Drilling completed to date Drilling remaining .2015/16 UNDERGROUND INFILL DRILL PROGRAM: 1320. 2014 11 . dated June 19.

2014 12 .2015/16 UNDERGROUND INFILL DRILLING 7.5-METER TO 10-METER CENTERS N 1345 Level 200 meter 1260 Level Grade Blocks (g/t Au) Proven & Probable Reserves 5-10 10-20 20-60 >60 100m (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project. dated June 19.

0 > 20.20.2016 UNDERGROUND DRILLING RESULTS: SECTION VIEW: 426600E – 200M WIDE NE 1345m Development (2013 Bulk Sample level) 1320m Drill Bay 1310m Drill Bay 1270m Drill Bay 1260m Level Key (g/t Au) Assay intervals 2.5 – 5.0 5.0 .0 13 .

0 5.20.5 0.0 180 Azimuth > 20.0 .5 – 1. 2015/16 UNDERGROUND DRILLING RESULTS - PLAN VIEW 1310m Drill Bay VU-565 N 1320m Drill Bay 1270m Drill Bay VU-539 1260m Drill Bay VU-545 VU-423 Key (g/t Au) Assay intervals < 0.0 – 5.0 1.0 50m 14 .

PROJECT ECONOMICS 15 .

0% Recoveries Processing Rate 2.BRUCEJACK PROJECT PRODUCTION Mine Life 18 years Total Gold Production 7.27 million oz Average Annual Gold 504. 2014 16 .000 oz (life of mine) Gold and Silver 96.700 tonnes per day Source: Feasibility Study and Technical Report Update on the Brucejack Project. dated June 19.7% and 90.000 oz (years 1-8) Production 404.

2014. dated June 19.0M Total Direct Total Indirect Costs $347.5M Mine Site $165.0M working capital for first 3 months Owners Costs $160. mine site process. 17 .4M $56.7M Costs $293.0M  US$640. (2) Mine Site Capital Costs Include. tailings facilities.3M  Gold revenue from first 3 Offsite Infrastructure months has not been included $81. 2016) and operating cost assumptions from the Feasibility Study and Technical Report Update on the Brucejack Project.3M  US$56. mine site facilities.1M (1) Based on capital cost update (see News Release dated February 17.8M total project capital cost Indirect Costs $97.UPDATED CONSTRUCTION COSTS Capital Cost Summary US$696. mine site.8 million Contingency $35. mine site utilities.3M  60% engineering milestone Working Mine Underground reached December 2015 Capital $101. mine site temporary facilities and surface mobile equipment.

2016) and operating cost assumptions from the Feasibility Study and Technical Report Update on the Brucejack Project.5% fixed loan  US$150 stream 8% of production  US$40 equity financing Equity $40M US$696. dated June 19.8M  Equity Financing(2)  US$146. 2016 18 . 2015 $66M Equity $100M (2)  US$540M Financing Package Loan Facility  Announced Sept 2015 $350M  US$350 .7. (2) See News Release dated Feb 23.2M  Robust cash flow at $1100/oz gold Callable  Re-financing optionality Stream $150M Sept 2015 Financing US$540M (1) Based on Brucejack capital cost update (see News Release dated February 17.FULLY FUNDED Financing Structure(1) Incurred Costs To Sept 30. 2014.

19 . 2016) and operating cost assumptions from the Feasibility Study and Technical Report Update on the Brucejack Project.280 Internal Rate of Return Pre-Tax 20.75 0.8% After-Tax 16.75 (1) Based on Brucejack capital cost update (see News Release dated February 17.ROBUST ECONOMICS Economic Results by Metal Price (1) Low Case Base Case High Case Gold Price (US$/oz) $800 $1.BRUCEJACK .0 3.8 $696.8% 27.8 Exchange Rate (US$:C$) 0.75 0.3% Net Cash Flow (US$M) Pre-Tax $2.100 $1.7 After-Tax 5.630 After Tax $723 $1.360 $3.210 $4.530 $2.4% 36.8 $696.5 2.310 $6.097 $2.4 2.400 Silver Price (US$/oz) $10 $14 $18 NPV(2) (5% US$M) Pre-Tax $1. 2014 (2) NPV is discounted to Dec 31. 2015.0% 43.550 $2.420 After-Tax $1.8 Capex (US$M) $696.9 3.2% 33.230 Payback Pre-Tax 4.880 $4. dated June 19.

69 Gold Sales 7.ALL-IN SUSTAINING COST Brucejack Project All-In Sustaining Cash Costs(1) Operating Cost Summary(1.34 TOTAL: $3.4 $91. tailings facilities. mine site utilities. mine site temporary facilities and surface mobile equipment. (2) Mine Site Capital Costs Include.000 ounces All-in Sustaining Cash Costs Per Ounce: US$446 (1) Based on capital cost update (see News Release dated February 17.149.2 Services & Others $21.722.05 / tonne (US$ million) Surface Total Cash Costs (2) $2.78/t. mine site facilities. dated June 19.067. LOM ore milled. 2014. mine site. (3) Mining Operating Costs Include. mine site process.1 Processing $19. the estimated cost is C$91.15 Corporate G&A $138.3) (Life of Mine) C$163.87 Sustaining Capital Expenditure $261.5 General & Admin Mining $30. 2016) and operating cost assumptions from the Feasibility Study and Technical Report Update on the Brucejack Project. if excluding the ore mined during preproduction.2. 20 .0 Reclamation Cost Accretion $27.

PROJECT STATUS 21 .

KEY MILESTONES TO PRODUCTION 2014 2015 2016 2017 22 .

MINE SURFACE FACILITIES VOK Camp Portal Mill West Zone Portal Contact Water Pond Waste Rock Disposal 23 .

2014. .7% GOLD RECOVERY (LOM) FROM GRAVITY 24 (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project. dated June 19. PROJECT FLOW SHEET 55% 45% FROM CONCENTRATE 96.

ACCOMMODATIONS – SEPTEMBER 2015 25 .

OCTOBER 2015 26 .PLANT SITE LOCATION .

CONSTRUCTION ADVANCING – MARCH 2016 27 .

CONSTRUCTION ADVANCING – APRIL 2016 28 .

EXPLORATION 29 .

0m @ 21.0 – 5.0 SU-661 > 20.5 0.600 g/t Au) 1.0 5.75 g/t Au 2.25 – 0.9 g/t Au Valley of 9.5m @ 8.5m @ 203 g/t Au) the Kings Resource Key (g/t Au) SU-654 Assay intervals 0.2015 GRASS-ROOTS EXPLORATION – FLOW DOME ZONE SU-658 N 1.20.100 g/t Au (Includes 0.0 .0 SU-657 0.0 Previously SU-666 SU-668 Reported Drilling 500m 30 .5m @ 137 g/t Au 1.05m @ 2.5m @ 16.5 – 1.87 g/t Au (Includes 0.18m @ 10.

5 m 31 .87 g/t Au 932 – 941m 2m 2m 0.STOCKWORK GOLD MINERALIZATION Flow Dome Zone 1345L 1260L SU-657 9m @ 21.

9 g/t Au Inc: 0.7 g/t Au 19m @ 24.87 g/t Au Inc: 0.EXPLORATION CORRIDOR POTENTIAL .5m @ 4.5m @ 752 g/t Au 0.500 METER WIDE SECTION W E SU-498 SU-526 0.195 g/t Au 9m @ 21.874 g/t Au SU-657 2014 VOK Reserve SU-666 13.5m @ 8600 g/t Au 32 .5m @ 203 g/t Au Brucejack Fault 0.6 Mt @ 15.5m @ 3.

64 g/t Ag (includes 8.7m @ 86.32 g/t Ag (includes 0.94 g/t Au.88 g/t Au.2015 GRASS-ROOTS EXPLORATION Brucejack Valley of the Lake N Kings SU-677 Resource Flow Dome Zone SU-671 277m @ 0.68m @ 9.4 g/t Ag 33 . 15. 90.28m @ 56.5m @ 0.34 g/t Au SU-678 SU-675 Bowser Area SU-674 SU-681 SU-685 Kirkham Zone SU-676 SU-682 2.3 g/t Ag SU-673 561.53 g/t Au (includes 3m @ 6.

COMMUNITY ENGAGEMENT  Commercial contracting and employment of First Nations has been ongoing since project discovery  Longtime commercial relationship with Ski Km lax Ha. Cooperation and Benefits Agreement signed with Nisga’a Nation  We extend both commercial contract and employment opportunities to locals whenever possible 34 .

2016 PROGRESS  Capex funded  Detailed engineering and procurement continuing  In-fill underground drill program  Complete 330-person camp  Mill construction  Complete transmission line  Underground development  Grass-roots exploration drilling 35 .

2016. Ihle Numis Jonathan Guy Market Cap (Apr 15.C.3 million RBC Dan Rollins Proceeds from Financing(3) US$146. LLC 2. Source: IPREO & SEDI 36 . (2) An additional US$200 million is available from the US$540 million construction financing closed Sept 21. 2016: 31.03 Retail.0% Zijin. 2015)(2) C$360.34 2.7% Van Eck Associates 4.9 million common shares including overallotment & exercise of participation US$4.99 Mackenzie Financial 1.2 Canaccord Genuity Eric Zaunscherb Silver Standard Shares 17.0 CIBC Jeff Killeen Total Issued & Outstanding Shares 177. 31. 2016.6% Zijin Mining 8.24 8. Wainwright Heiko F.72 Black Rock Asset Management 5. Clark & Lunn 1. Institutions.1 GMP Securities George Albino Total Fully Diluted Shares 186. ownership calculated on an undiluted basis.SHAREHOLDING & ANALYST COVERAGE Top Shareholders(4) (% S/O) Silver Silver Standard Resources 9. 2016) C$1.58 (4) As of Mar 31.3 H.2 million Roth Capital Partners Joseph Reagor Scotiabank Ovais Habib (1) As of Apr 15.70 Management.02 Connor. 2015 (3) Financing announced Feb 23. 2015.46 billion Pareto Securities Rhys Bradley Working Capital (at Dec 31.61 Standard.96 Orion & Blackstone 4. 48% M&G Management 2. See News Release dated Sept 15. Sun Valley Gold. 2015 & Sept 21.2 Cormark Securities Richard Gray Incentive Options 9. 9.77 Liberty Metals & Mining 4.82 Capital Structure(1) (shares in millions) Analyst Coverage Public Float 160.7% Pretivm Management 2.

COM37 .Questions Constructing a high-grade underground gold mine in northern British Columbia PVG : TSX/NYSE PRETIVM.

Issued: 177. TSX/NYSE: PVG Fax: 604-558-4784 Suite 2300 – 1055 Dunsmuir St.Advancing a major high-grade gold project in Canada CONTACT: HEAD OFFICE: COMMON SHARES: Phone: 604-558-1784 Pretium Resources Inc.pretivm.0 M Toll-free: 1-877-558-1784 Four Bentall Centre Fully diluted: 186. 2016) 38 38 .46 B www.com Canada V7X 1L4 (at Apr 15.1 M PO Box 49334 52-week hi/low: C$9.com Vancouver.00/$5. BC Market cap: C$1.57 invest@pretivm.