Indicated Mineral Resource in 100 m thick slice shown:3.4 Moz (6.3 Mt @ 16.8 g/t Au) at a 5.0 g/t AuEq cut-off
Splay basin off main Brucejack Fault – present day view to West, i.e., we are looking down the axis of an E-W (present-day) trending basin.Initial mineralization stratigraphically controlled in permeable horizons – likely mixing of Au(HS2)- complexes with seawater, and local over pressure controls on mineralization.Main stage is related to deformation and structural fault-control relating to doming and retreating (pulsing) of telescoping porphyry, with stockwork development along faults and blasting through pressure caps.
System wanes with intrusion of late, now deformed mafic dykes.Cretaceous docking of Insular Terrane folds and up-domes the rocks. Rocks on E-edge of McTagg Anticlinorium are tilted E. Stockworks and overpressure horizons steepened to sub-vertical E-W.
Pretium dubai handouts
Corporate PresentationApril 2013
CAUTIONARY STATEMENTForward Looking InformationThis Presentation contains „„forward-looking information‟‟ within the meaning of applicable Canadian securities legislation and the United States Private Securities LitigationReform Act of 1995. Forward-looking information may include, but is not limited to, information with respect to the anticipated production and developments in our operationsin future periods, our planned exploration and development activities, the adequacy of our financial resources, the estimation of mineral resources, realization of mineral resourceestimates, costs and timing of development of the projects we currently intend to acquire (the “Projects”), costs and timing of future exploration, results of future exploration anddrilling, timing and receipt of approvals, consents and permits under applicable legislation, our executive compensation approach and practice, the composition of our board ofdirectors and committees, and adequacy of financial resources. Wherever possible, words such as „„plans‟‟, „„expects‟‟ or „„does notexpect‟‟, „„budget‟‟, „„scheduled‟‟, „„estimates‟‟, „„forecasts‟‟, „„anticipate‟‟ or „„does not anticipate‟‟, „„believe‟‟, „„intend‟‟ and similar expressions or statements that certainactions, events or results „„may‟‟, „„could‟‟, „„would‟‟, „„might‟‟ or „„will‟‟ be taken, occur or be achieved, have been used to identify forward-looking information. Statementsconcerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will beencountered if the property is developed. Any statements that express or involve discussions with respect topredictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as„„expects‟‟, „„anticipates‟‟, „„plans‟‟, „„projects‟‟, „„estimates‟‟, „„assumes‟‟, „„intends‟‟, „„strategy‟‟, „„goals‟‟, „„objectives‟‟, „„potential‟‟ or variations thereof, or stating that certainactions, events or results „„may‟‟, „„could‟‟, „„would‟‟, „„might‟‟ or „„will‟‟ be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are notstatements of historical fact and may be forward-looking information. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and otherfactors that could cause actual events or results to differ from those expressed or implied by the forward-looking information. Many of these risks are listed and described in ourfinal short-form prospectus dated March 19, 2012 (the “Prospectus”), which is available for review on SEDAR at www.sedar.com under our profile. Although we have attemptedto identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause resultsnot to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differmaterially from those anticipated in such information. Forward-looking information involves statements about the future and is inherently uncertain, and our actual achievementsor other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and otherfactors, including, without limitation, those referred to in the Prospectus under the heading „„Risk Factors‟‟. Our forward-looking information is based on the beliefs, expectationsand opinions of management on the date the statements are made, and we do not assume any obligation to update forward-looking information, whether as a result of newinformation, future events or otherwise, other than as required by applicable law. For the reasons set forth above, prospective investors should not place undue reliance onforward-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”)“Technical Report and Updated Preliminary Economic Assessment of the Brucejack Project” dated February 20, 2012 “Mineral Resources Update Technical Report” dated April3, 2012, “Mineral Resources Update Technical Report” dated September 18, 2012 and “Mineral Resources Update Technical Report” dated November 20, 2012. We have filed theReports 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 ofMr. Kenneth C. McNaughton, 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 byCanadian regulations (under NI 43-101), the United States Securities and Exchange Commission does not recognize them. Mineral resources which are not mineral reserves donot 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 aninferred 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 prefeasibility 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 inferredresource exists, or is economically or legally mineable.CurrencyUnless otherwise indicated, all dollar values herein are in Canadian $.2
3 Significant high-grade gold resource:Valley of the Kings8.5 M oz gold Indicated (16.1 Mt @ 16.4 g/t gold)2.9 M oz gold Inferred (5.4 Mt @ 17.0 g/t gold) Located in British Columbia, Canada Underground feasibility study Q2 2013 Commercial production target early 2016An investment in Gold
Kirkland Lake Mine(Kirkland Lake)Kensington Mine(Coeur)Casa Berardi(Aurizon)El Penon Mine(Yamana)Red Lake Mine(Goldcorp)Pogo Mine(Sumitomo)Valley of theKingsF2 Deposit(Rubicon)Buritica(Continental)Cerro Negro(Goldcorp)Eleonore(Goldcorp)Cerro Moro(Yamana)0.02.04.06.08.010.012.014.016.018.00.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0M&I+InferredGoldGrade(g/t)M&I + Inferred Gold Resources (mm oz)HIGH-GRADE GOLD WITH SIZE4November 2012 Valley of the Kings High-Grade Gold Mineral Resource based on a cut-off grade of 5.0 grams of gold-equivalent/tonne.Data sources: Intierra Ltd., NRH.Indicated Gold:8.5 mm oz @ 16.4 g/t AuInferred Gold:2.9 mm oz @ 17.0 g/t Au
9MAIN MINERALIZED DOMAINSWest ZoneUndergroundDevelopmentBulkSampleNSDomain 17 Domain 11200 mCategory Tonnes(mil)Gold(g/t)Silver(g/t)Contained(3)Gold(mil oz)Silver(mil oz)Indicated 16.1 16.4 14.2 8.5 7.3Inferred(2)5.4 17.0 15.7 2.9 2.7Valley of the Kings Mineral Resource Estimate– November 2012(1,4,5)(Based on a cut-off grade of 5.0 grams of gold-equivalent/tonne)(1) Mineral Resources which are not Mineral Reserves do not have demonstrated economicviability. The estimate of Mineral Resources may be materially affected byenvironmental, permitting, legal, marketing, or other relevant issues. The Mineral Resources inthis news release were estimated using the Canadian Institute of Mining, Metallurgy andPetroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions andGuidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted byCIM Council.(2) The quantity and grade of reported Inferred resources in this estimation are uncertain innature and there has been insufficient exploration to define these Inferred Resources as anIndicated or Measured Mineral Resource and it is uncertain if further exploration will result inupgrading them to an Indicated or Measured Mineral Resource category.(3) Contained metal may differ due to rounding.(4) The Mineral Resource estimate is defined using 5 m by 5 by 5 m blocks in the well drilledportion of West Zone (5 m by 10 m drilling or better) and 10 m by 10 m by 10 m blocks in theremainder of West Zone and in Valley of the Kings.(5) The gold equivalent value is defined as AuEq=Au + Ag/53
VALLEY OF THE KINGS INDICATED RESOURCENorthing( 25 m)Ind.Gold*(Oz.)6258225 230,9006258175 484,0006258125 703,1006258075 336,6006258025 1,951,1006257975 2,365,9006257925 1,021,0006257875 513,6006257825 687,5006257775 176,400Total Ounces per 100 m Easting and 50 m Northing stripsValley of the KingsIndicated Mineral Resource:8.5 Moz. Au @ 5.0 g/t AuEq.(16.1 Mt @ 16.4 g/t Au)*Nov. 2012 Indicated Mineral Resource;≥5.0 g/t AuEq.101,092,100 1,776,900 1,467,600 2,185,800 1,391,000 380,100 192,900 Ind. Au* (Oz.)
MINERAL RESOURCE CONTINUITY11Total Ounces* per 10 x 100 m N-S corridor – 6257800 N Long SectionLevel (m) Ind. Gold (Oz)*1540-1570 116,3001510-1540 499,7001480-1510 734,8001450-1480 510,4001420-1450 365,4501390-1420 566,7001360-1390 631,7001330-1360 364,8001300-1330 527,4001270-1300 992,0001240-1270 998,2001210-1240 521,9501180-1210 213,0501150-1180 246,8001120-1150 294,6001090-1120 393,9001060-1090 317,600W E100 m4,000-6,0006,000-7,0007,000-8,000>10,000Key (Oz. Au)3,000-4,0001,000-3,000<1,0008,000-10,000Total Ounces per level(Valley of Kings Zone)*Nov. 2012 Indicated Mineral Resource;≥5.0 g/t AuEq.
CONTINUITY: HIGH GRADE BLOCKS12Indicated and Inferred blocks greater than 5 g/t AuEqValley of the Kings block model – 426550E section view East (50m wide)
CONTINUITY: HIGH GRADE BLOCKS13Indicated and Inferred blocks greater than 5 g/t AuEqValley of the Kings block model – 426600E section view East (50m wide)
1414100 mCONTINUITY: HIGH GRADE BLOCKSValley of the Kings block model plan view - 1300m level (50m thick)
1515100 mCONTINUITY: HIGH GRADE BLOCKSValley of the Kings block model plan view - 1250m level (50m thick)
1610,000-TONNE BULK SAMPLE (Q2/Q3)N S0.5-5.0 g/t AuEq5.0-15.0 g/t AuEq>15.0 g/t AuEqKeyWest ZoneUndergroundDevelopmentValley of theKings BulkSample200 m546 m100 m 200 m 300 m400 m500 mOver 400 meters out of 546 total meters to reach Valley of the Kings have been completed.
BULK SAMPLE PROCESS(1)22Typical sample tower flowsheetSource: Strathcona Mineral Services Limited, Meladine Project Process flowsheet summary: Crosscut rounds of 100 tonnes transported tosurface Crushing to ¾ inch, then to ½ inch Run through on-site sample tower 120 kilograms in 4 samples are sent for testing Remainder (99.8 tonnes) shipped for processingto produce gold Representivity testing: Representative of drillhole density that informsthe Indicated Mineral Resource Representative of average grade of IndicatedResource and the global resource for Valley ofthe Kings Representative of style of mineralization for therest of Valley of the Kings(1) Strathcona Mineral Services Ltd is independent QP for Valley of the Kings bulk sample
UNDERGROUND DRILLING23NSNTypical Section – Fan DrillingDetailed underground drilling at <15 meter centers to outline 700,000 ounces of gold.
2626 Corridors of high-grade visiblegold seams within lower grade(5g/t to 20g/t) gold quartzstockwork Steeply dipping ore body Competent ground conditions Stope widths (15m wide X 30mhigh) appropriate both fortransverse and longitudinallayouts Cost effectiveFirst 50 meters of Valley of the Kings rampLong hole stoping mining method:MINING METHOD FOR STOCKWORK
PROPOSED MINE DEVELOPMENT27Oblique View of Mining Stopes, Valley of the KingsSN100 mWest-Zone(late mine life)Valley of the Kings
MINE AND MILL SITE LAYOUT28CrushingGrindingGravity Concentrate CircuitDoré (50%-60% of goldproduction)Flotation Concentrate CircuitOff-take (40%-50% ofgold production)Flowsheet Summary: Dore bars produced onsite, shipped to goldrefinery Flotation concentrate (~300tpd) shipped to Stewartthen sea transportWest ZoneValley of the Kings
BRUCEJACK PROJECT ECONOMICS29(1) Source: Technical Report and Updated Preliminary Economic Assessment ofthe Brucejack Project, effective date February 20, 2012(2) Base case metals prices of US$1,100 /oz gold and US$21/oz silverPEA is based on Mineral Resource estimates for the Valley of the Kings andWest Zone effective November 28, 2011 which are now out-of-date.February 2012 Preliminary EconomicAssessment Results(1,2) :Processing rate 1,500 tpdMine life 24 yearsTotal gold production 6.9 million ozAverage annual goldproduction (Yrs 1-12)325,000 ouncesCapex US$436.3 millionTotal operating costs C$170.90/t milledInternal Rate ofReturn29.8%Net Present Value(5% discount)US$2.262 billion Processing rate increased 2,700 tonnes per day Mill facilities streamlined Flotation concentrate to be sold to3rd parties rather than refined onsite Capex and Opex savings, reducedproject footprint Metallurgy continues to be positive Feasibility metallurgical studiesconfirm gold recoveries 98%, silverrecoveries 92%Feasibility Study Refinements to PEA:
2013 BRUCEJACK PROJECT PLANS30H1 2013 Access ramp to Valley of the Kings isunderway, with over 300 meters completed outof 546 meters in total Channel sample the ramp to Valley of the Kings Underground sampling/drilling Valley of theKings Commence 10,000-tonne underground bulksample from Valley of the Kings Feasibility study completedH2 2013 Complete bulk sample report Process bulk sample File Environmental Assessment CertificateApplication Resource update Valley of the Kings drilling
COMMUNITY ENGAGEMENT31 Pretivm‟s management team has beencooperatively engaging with First Nationsand local community leaders in theStewart, BC region for over 10 years We work to ensure that ourcommunication about the progress of theBrucejack Project is open and continuous Commercial relationships with local FirstNations developed during the explorationphase at Brucejack have been mutuallysuccessful We will continue to extend bothcommercial contract and employmentopportunities to locals whenever possibleStewart warehouse constructed by developmentcorporation of Skii km Lax Ha First Nation
BRUCEJACK PERMITTING321986198919931998199920062011-20122013201420152016ReclamationPermitMine DevelopmentCertificate issuedApril 15, 1993Project AssessmentCertificatePermitted forexploration andexploration roadProject AssessmentCertificate allowed toexpireApproval in principlefor development of amine at West ZoneReclamationCompletionProject Descriptionunder review forunderground mine atBrucejack‟s Valley ofthe Kings Brucejack Lake is not fish habitat Waste rock from 1980‟s/1990‟sunderground development was depositedin Brucejack Lake as part of 1999reclamation More than 50% of tailings (targeting 60%) tobe used for paste backfill and depositedunderground, with remainder of tailings tobe deposited in bottom 30 meters ofBrucejack LakeAnticipateEnvironmentalAssessment CertificateConstruction, commissioningCommercialproduction target
PRETIVM MANAGEMENT33Robert Quartermain, B.Sc., M.Sc., P.Geo, D.Sc.President & Chief Executive Officer,DirectorPeter de Visser, CAChief Financial OfficerJoseph Ovsenek, B.A. Sc., P.Eng., LLBVice President & Chief Development Officer,DirectorKen McNaughton, M.A. Sc., P.Eng.Vice President & Chief Exploration OfficerIan I Chang, M.A. Sc., P.Eng.Vice President, Project DevelopmentMichelle Romero, B.A., M.L.S.Director, Corporate RelationsKevin Torpy, B.Sc.Director, Mine EngineeringWarwick Board, Ph.D., P.Geo.Chief GeologistMax Holtby, B.Sc., P. Geo.Director, PermittingAndrew Saltis, I.Eng.Site Project Manager, Mine Manager
SHAREHOLDING & ANALYST COVERAGE34Institutions, 50%Retail, 23%Management,5%SilverStandard, 20%Capital Structure(1)Public Float 77.5Silver Standard Shares 19.0Total Issued & Outstanding Shares 96.5Incentive Options 8.5Total Fully Diluted Shares 105.0Market Capitalization C$735 millionWorking Capital (at Dec. 31, 2012) C$30.1 millionShare Offering gross proceeds (atFebruary 15, 2013)(3) C$21.0 million(1)As of March 27, 2013; ownership calculated on an undiluted basis.(2)As of March 27, 2013. Source: IPREO, SEDI(3)See news release dated February 15, 2013(shares in millions)Top Shareholders(2)(shares in millions)Silver Standard Resources 18.986Royce & Associates 10.689Passport Capital 5.386Fidelity Management 3.720Robert Quartermain 2.853Connor, Clark & Lunn 2.602TD Asset Management 2.153Carmignac Gestion 1.898Sprott Asset Management 1.718Analyst CoverageBMO John HayesCIBC Jeff KilleenCitibank Alex HackingCormark Securities Richard GrayDahlman Rose Adam GrafGlobal Hunter Securities Jeff WrightGMP Securities TBDRBC Dan RollinsSalman Partners Ash GuglaniScotiabank Ovais HabibUBS TBDVery Independent Research John Tumazos
APPENDIX: DECLINING GRADES AND DISCOVERIES37Decade Yield/Spend-Ratio1950‟s 421960‟s 1061970‟s 831980‟s 571990‟s 232000‟s 11Ratio of Discovered US$ in the Ground PerUS$ Exploration ExpenditureSource: Open Geology Journal, 2010 Volume 4(*) Added for comparisonArithmetic mean of gold grade in ores mined in SouthAfrica, Australia, Canada, Brazil and the US, 1830-2004PVG‟s Valley of the Kings(*)Four-sub-cycle Model ofGold Production 1850-2008**Global gold production with exponential fit of +1.96 p.a. (R2 = 0.9222 ) and four sub-cyclesSource: Open Geology Journal, 2010 Volume 4
APPENDIX: GOLD EQUITIES VERSUS GOLD38Gold price (%) XAU Index (%)Gold Price ($US) (%)10-Year Performance of Gold, and Gold‟s Relative Performance to XAU Index:January 1, 2003 to March 31, 2013 (monthly,%)Gold price ($US)
APPENDIX: GOLD EQUITIES IN GOLD TERMS39Source: RBC Capital Markets
APPENDIX: GOLD EQUITIES: TRADING AT 2008 LEVEL40Senior/Mid-Tier Gold Producer Average
APPENDIX: RISING COSTS – FOCUS ON GRADE41Rising costs erode margins, even in high gold price environmentSource: Scotiabank
APPENDIX: RISING COSTS – FOCUS ON GRADE42Rising costs erode margins, even in high gold price environmentSource: Randgold
GEOLOGICAL EVOLUTION45Cretaceous deformation at ~110 MaUplift and erosionValley of the KingsWaning of porphyry systemArc-related deformationMafic dyke intrusionWest ZoneSN~184 Ma
APPENDIX: BRUCEJACK AREA GEOLOGY46>0.3 g/t gold500mExisting 5km underground workings1980-1994 – Newhawk908 DDH/120,000m2009-2010 – Silver Standard110 DDH/50,946m2011-2012 – Pretivm426 DDH/155,144mWest ZoneValley of the Kings ZoneNorth – SouthValley of the Kings ZoneValley of the Kings Zone500mWest ZoneWest Zone(Teuton)0.65 g/t Au0 - 1047 m(Seabridge)
APPENDIX: VALLEY OF THE KINGS – GOLD GRADE47Gold grade distribution inside mineralized corridors – Valley of the KingsAll 1.5 m composites Au > 5.0 g/t only5 g/t AuAu (g/t) Au (g/t)CumulativeProbability(%)CumulativeProbability(%)
APPENDIX: BRUCEJACK BULK TONNAGE48Category Tonnes(millions)Gold(g/t)Silver( g/t)Contained(3)Gold(million oz)Silver(million oz)Measured 7.4 2.77 152 0.66 36.3Indicated 139.0 2.14 12.9 9.6 57.8M+I 146.0 2.17 19.9 10.3 94.1Inferred(2)857.0 0.86 8.49 23.7 234.0Category Tonnes(millions)Gold(g/t)Silver(g/t)Contained(3)Gold(million oz)Silver(million oz)Measured 7.4 2.78 153 0.66 36.3Indicated 100.0 2.87 16.4 9.2 52.5M+I 107.0 2.86 25.8 9.9 88.8Inferred(2)600.0 1.09 10.2 21.0 197.0Brucejack Grade-tonnage estimate (Open Cut sensitivity)September 2012(1)(4)(5)(Based on a cut-off grade of 0.30 grams of gold-equivalent/tonne)Brucejack Grade-tonnage estimate (Open cut sensitivity)September 2012(1)(4)(5)(Based on a cut-off grade of 0.50 grams of gold-equivalent/tonne)(1) Mineral Resources which are not Mineral Reserves do not have demonstrated economicviability. The estimate of Mineral Resources may be materially affected byenvironmental, permitting, legal, marketing, or other relevant issues. The Mineral Resources inthis news release were estimated using the Canadian Institute of Mining, Metallurgy andPetroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions andGuidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted byCIM Council.(2) The quantity and grade of reported Inferred resources in this estimation are uncertain innature and there has been insufficient exploration to define these Inferred Resources as anIndicated or Measured Mineral Resource and it is uncertain if further exploration will result inupgrading them to an Indicated or Measured Mineral Resource category.(3) Contained metal may differ due to rounding.(4) The Mineral Resource estimate is defined using 5 m by 5 by 5 m blocks in the well drilledportion of West Zone (5 m by 10 m drilling or better) and 10 m by 10 m by 10 m blocks in theremainder of West Zone ,Valley of the Kings, Galena Hill and parts of the Shore Zone, and by20m by 20m by 20m in the poorer informed Bridge Zone, Gossan Hill and parts of ShoreZone(5) The gold equivalent value is defined as AuEq=Au + Ag/53
APPENDIX: SNOWFIELD PROJECT49Snowfield Open Pit(September 2010 PA)Mitchell Zone(SEA)Sulphurets Zone(SEA)Iron Cap Zone(SEA)Grade Contained MetalTonnes Au Ag Cu Mo Re Au Ag Cu(mt) (g/t) (g/t) (%) (ppm) (ppm)(mmoz)(mmoz)(bil lbs)Measured 189.8 0.82 1.69 0.09% 97.4 0.57 4.98 10.3 0.38Indicated 1,180.3 0.55 1.73 0.10% 83.6 0.50 20.93 65.4 2.60Measured &Indicated1,370.1 0.59 1.72 0.10% 85.5 0.51 25.92 75.8 2.98Inferred 833.2 0.34 1.90 0.06% 69.5 0.43 9.03 50.9 1.10Snowfield Mineral Resource Summary – Feb. 2011(1,2)(Based on a cut-off grade of 0.30 grams of gold-equivalent/tonne(1) Technical Report and Updated Resource Estimate on the Snowfield Property, February 18, 2011(2) See notes 1,2 and 3 on slide 41Inferred ResourcesMeasured + Indicated Resources4014.54 9674538 26020406080100120Pebble KSM Donlin Gold SnowfieldGoldResources(mmoz.)Large –Scale North American Gold Projects(PVG)(NG/ABX)(SEA)(NDM)