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Casey Research Summit Oct 16-17, 2015

The document provides an overview of the Brucejack gold project located in British Columbia, Canada. Key points include: - High-grade underground gold project with commercial production targeted for 2017. - Robust economics with after-tax NPV of $1.45 billion and IRR of 28.5% at $1,100/oz gold price. - Reserves of 6.9 million ounces of gold and 26 million ounces of silver with average annual production of 404,000 ounces over 18-year mine life. - $746 million construction financing package covers over 70% of estimated capital costs. - Project is fully permitted and engineering is 55% complete with long lead items in procurement.

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1 CASEY RESEARCH SUMMIT 2015 October 16-17, 2015
2 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 31, 2014 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 $.
3  High-grade underground gold project  Commercial production target 2017  Located in British Columbia, Canada V A L U E T H R O U G H G O L D
4 BRUCEJACK PROJECT LOCATION
5 HIGH-GRADE GOLD RESERVES(1,2) Valley of the Kings West Zone Category Tonnes (mil) Gold (g/t) Silver (g/t) Contained Gold (mil oz) Silver (mil oz) Proven 1.4 7.2 383 0.3 17.4 Probable 1.5 6.5 181 0.3 8.6 Total P&P 2.9 6.9 279 0.6 26.0 Valley of the Kings Mineral Reserve Estimate – June 2014 West Zone Mineral Reserve Estimate – June 2014 (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014 (2) Base case metals prices of US$1,100/oz gold and US$17/oz silver Category Tonnes (mil) Gold (g/t) Silver (g/t) Contained Gold (mil oz) Silver (mil oz) Proven 2.1 15.6 12 1.1 0.8 Probable 11.5 15.7 10 5.8 3.9 Total P&P 13.6 15.7 11 6.9 4.6
6 BRUCEJACK - ROBUST ECONOMICS (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014 (2) NPV is discounted to July 2014. Economic Results by Metal Price (1) Low Case Base Case High Case Gold Price (US$/oz) $800 $1,100 $1,400 Silver Price (US$/oz) $15 $17 $21 NPV(2) (5% US$M) Pre-Tax $985 $2,200 $3,540 After Tax $620 $1,450 $2,280 Internal Rate of Return Pre-Tax 20.3% 34.7% 47.0% After-Tax 16.5% 28.5% 38.7% Net Cash Flow (US$M) Pre-Tax $2,020 $4,160 $6,350 After-Tax $1,340 $2,720 $4,130 Payback Pre-Tax 4.4 2.7 2.0 After-Tax 4.5 2.8 2.1 Capex (US$M) $746.9 $746.9 $746.9 Exchange Rate (US$:C$) 0.92 0.92 0.92
7 BRUCEJACK PROJECT PRODUCTION (1) (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014 Mine Life 18 years Total Gold Production 7.27 million oz Average Annual Gold Production 504,000 oz (years 1-8) 404,000 oz (life of mine) Gold and Silver Recoveries 96.7% and 90.0% Processing Rate 2,700 tonnes per day
8 BRUCEJACK CAPITAL & OPERATING COSTS (1,2,3) (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014 (2) Mine Site Capital Costs Include; mine site, mine site process, mine site utilities, mine site facilities, tailings facilities, mine site temporary facilities and surface mobile equipment. (3) Mining Operating Costs Include; LOM ore milled; if excluding the ore mined during preproduction, the estimated cost is C$91.78/t. Mining $91.34 Processing $19.69 General & Admin $30.87 Surface Services & Others $21.15 Mine Underground $179.5m Mine Site $210.8m Offsite Infrastructure $89.1m Indirect Costs $127.5m Owner’s Costs $71.0m Contingency $69.0m Total Direct Costs $479.4m Total Indirect Costs $267.5m Operating Cost Summary C$163.05 / tonne Capital Cost Summary US$746.9 million
9 LOW ALL-IN SUSTAINING CASH COSTS (1) (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014. (2) Net of silver credits at Base Case silver price of $US17/ounce. All-in Sustaining Cash Costs Per Ounce: US$448 (US$ million) Total Cash Costs (2) $2,814.5 Reclamation Cost Accretion $27.5 Sustaining Capital Expenditure $320.6 TOTAL: $3,162.6 Brucejack Project All-In Sustaining Cash Costs (Life of Mine) Gold Sales 7,067,000 ounces
10 CONSTRUCTION FINANCING ANNOUNCED (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014.  US$340M available at closing  Funds over 70% of estimated US$746.7M capex(1)  Updating capex to complete construction  No requirement to fully fund capex prior to additional draws Loan Facility $350M Equity $40M Callable Stream $150M US$540M Financing Package US$540M
11 CONSTRUCTION FINANCING ANNOUNCED Credit Facility(1)  US$350 million secured loan facility  US$150 million available on close, remaining $200 million to be drawn within 18 months  Fixed interest rate of 7.5%  Due at maturity on Dec 31, 2018; extendable to Dec 31, 2019 with payment of 2.5% of outstanding principal  Includes Offtake Agreement (1) See News Release, dated September 15, 2015
12 CONSTRUCTION FINANCING ANNOUNCED Stream on Precious Metals(1)  US$150 million advanced for 8% callable precious metals stream  100% callable on Dec 31, 2018 (for $237M) and Dec 31, 2019 (for $272M)  Capped at 7.067 M oz and 26.279 M oz refined gold and silver(2), less production to Dec 31, 2019  If stream not repurchased, stream delivery commences Jan 1, 2020 with US$400/oz gold and US$4/oz silver payable by purchasers (1) See News Release, dated September 15, 2015 (2) Based on refined gold and silver that were estimated to be available for sale in the June 2014 Feasibility Study for the Brucejack Project
13 VALLEY OF THE KINGS: STOCKWORK S N Cleo West Drift 615L West Raise Domain 20 ~0.5 m
14 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: 97.5% – Secondary Stopes: 92.5%  Average 12 stopes in the mining and backfill cycle at any time 30 M SPACING
15 BRUCEJACK MINE: LIFE OF MINE (18 YEAR) Conveyor Portal West Zone Portal Shops Valley of the Kings 1350m level Valley of the Kings 1230m level Ventilation Raise VR1 Ventilation Raise VR3 Ventilation Raise VR4 Valley of the Kings 1500m level Valley of the Kings 990m level Ventilation Raise VR5 West Zone 990m levelOpen Open
16 MINE SURFACE FACILITIES Portals Mill Camp Development Rock Disposal Laydown & Fuel Storage Substation West Zone Portal Truck Shop
17 PROJECT FLOW SHEET
18  Gold and silver recoveries of 96.7% and 90.0% over mine life  Gravity (43.3% LOM) and flotation ( 53.4% LOM) concentration  Producing doré and gold/silver concentrate  Bulk sample processing with single stage gravity and flotation concentration yielded gold recoveries averaging 98% PROCESSING Bulk sample gravity concentrate at Contact Mill, Montana (2013) Bulk sample flotation concentrate at Contact Mill, Montana (2013)
19 FULLY PERMITTED Project Decision by Ministers  BC Environmental Assessment Certificate issued March 26, 2015  Federal Environmental Decision Statement issued July 31, 2015, coordinated by Federal Environmental Assessment Agency (CEAA)  MA & EMA permits issued by Province in July & September 2015
20 COMMUNITY ENGAGEMENT  Cooperation and Benefits Agreement signed with Nisga’a Nation  Commercial contracting and employment of First Nations has been ongoing since project discovery  The proposed mine will provide approximately 900 jobs during construction and 500 jobs during operations  We will continue to extend both commercial contract and employment opportunities to locals whenever possible
21 KEY MILESTONES TO PRODUCTION
22 ENGINEERING & PROCUREMENT STATUS Engineering Status  55% complete  No change to June 2014 Feasibility Study cost estimate at August 31, 2015 Procurement/Contract Status  All long lead items in final stages of procurement  SAG & ball mills purchase orders issued  330-person camp fabrication in progress
23 CONSTRUCTION TO DECEMBER 31, 2015 Construction Power  5 megawatts in place Earthworks  Bulk earthworks underway 330-Person Camp  Installation to commence in October 2015 Transmission Line  Right-of way clearing underway
24 ACCOMMODATIONS
25 PLANT SITE LOCATION
26 MINING: YEAR 1 MINING: YEAR 5
27 2015 UNDERGROUND INFILL DRILL PROGRAM: 1320, 1310 AND 1270 DRILL FANS 1320 Level 100m 1260 Level 1310 Drill Bay 1270 Drill Bay (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014 Grade Blocks (g/t Au) in In Years 1-3 Stopes (1) 5-10 10-20 20-60 >60 Probable Reserves Drill Hole
28 2015 UNDERGROUND EXPLORATION PROGRAM: VIEW WEST OF YEARS 1-3 STOPES 1320 Level 100m N 1345 Level 1260 Level S (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014 Grade Blocks (g/t Au) in In Years 1-3 Stopes (1) 5-10 10-20 20-60 >60 Proven & Probable Reserves Drill Hole
29 EXPLORATION POTENTIAL EAST - WEST 200 m N Valley of the Kings Access Ramp Bulk Sample Development Approximate surface projection of December 2013 Measured & Indicated resources SU-498 0.5m @ 3,874 g/t Au SU-526 1.16m @ 4,195 g/t Au VU-136 0.5m @ 1,100 g/t Au Brucejack Fault
30 EXPLORATION POTENTIAL AT DEPTH 10.93m @ 43.57 ppm Au 0.5m @ 26.00 ppm Au N S 200m <0.5 0.5-1.0 1.0-5.0 >20 5.0-20.0 Key (g/t Au) (Assay intervals) Fragmental Volcanic Rocks Polylithic Conglomerate Volcanic Flows Volcaniclastic Sediments Volcanic Flows 5-10 10-20 >20 Key (g/t Au) (Blocks) (M&I + Inferred) SU-627 Latite Dykes SU-630 SU-628 SU-629 1.5m @ 19.05 ppm Au 0.5m @ 17.95 ppm Au 5m @ 17.34 ppm Au 1.5m @ 32.5 ppm Au 1m @ 11.35 ppm Au 0.5m @ 11.1 ppm Au Section 426765E (500m wide)
31 EXPLORATION POTENTIAL: 2015 GRASS-ROOTS PROGRAM  Target optimization  Airborne EM and Magnetic Survey  Additional approximately 2,300 line kilometers  Surface mapping and sampling  Surface drilling  10,000 to 15,000 m targeting porphyry /epithermal-style mineralization  Flow Dome Zone  Kitchenview Zone  Additional drill targets results-based Kitchenview Zone Brucejack Lake Brucejack Lake Valley of the Kings West Zone
32 1000m N SU-661 SU-669 SU-659 SU-670SU-665 SU-667 SU-663 SU-664 Hanging Glacier Zone Kitchen View Zone Flow Dome Zone Lookout Zone SU-666 SU-668 SU-662 Valley of the Kings BrucejackFault SU-654 SU-655 SU-656 SU-658 SU-657 2015 GRASS-ROOTS EXPLORATION
33 500m N SU-657 SU-654 SU-658 1.5m @ 16.9 g/t Au 9.0m @ 21.87 g/t Au (Includes 0.5m @ 203 g/t Au) 1.18m @ 10.75 g/t Au SU-661 SU-668SU-666 2.05m @ 2,100 g/t Au (Includes 0.5m @ 8,600 g/t Au) 0.5m @ 137 g/t Au Valley of the Kings Resource > 20.0 Assay intervals 5.0 - 20.0 1.0 – 5.0 0.5 – 1.0 0.25 – 0.5 Key (g/t Au) Previously Reported Drilling 2015 GRASS-ROOTS EXPLORATION – FLOW DOME ZONE
34 2015 PROGRESS:  Received provincial Environmental Assessment Certificate  Received federal Environmental Assessment Decision Statement  Received EMA & MA permits  Construction financing  Start construction and underground mine development  Detailed engineering and procurement continuing  Capex to be updated  In-fill underground drill program  Grass-roots exploration drilling in progress
35 Silver Standard, 12% Institutions, 48.5%Zijin, 9% Management, 2.5% Retail, 28% SHAREHOLDING & ANALYST COVERAGE (1) As of Sept 21, 2015; ownership calculated on an undiluted basis. (2) As of Sept 21, 2015. Source: IPREO, SEDI (3) US$540 million construction financing closed Sept 21, 2015. See News Release dated Sept 15, 2015 & Sept 21, 2015 Top Shareholders(2) (% S/O) Silver Standard Resources 12.08 Zijin Mining 9.07 Van Eck Associates 5.98 Liberty Metals & Mining 5.89 Orion & Blackstone 5.44 Aristeia Capital, LLC 3.92 Sun Valley Gold, LLC 2.92 Pretivm Management 2.55 Mackenzie Financial 2.24 Franklin Advisors, Inc. 1.96 Sprott Asset Management 1.57 Analyst Coverage Canaccord Genuity Joe Mazumdar CIBC Jeff Killeen Citibank Alex Hacking Cormark Securities Richard Gray GMP Securities George Albino H.C. Wainwright Heiko F. Ihle Numis Phil Swinfen Pareto Securities John McClintock RBC Dan Rollins Roth Capital Partners Joseph Reagor Salman Partners Ash Guglani Scotiabank Ovais Habib Capital Structure(1) Public Float 124.5 Silver Standard Shares 17.1 Total Issued & Outstanding Shares 141.6 Incentive Options 11.8 Total Fully Diluted Shares 153.4 Market Cap (Oct 13, 2015) C$1.12 billion Working Capital (at Jun. 30, 2015) C$60.8 million (shares in millions) Funds Advanced from Construction Financing (3) US$340 million
36 36 CONTACT: Phone: 604-558-1784 Fax: 604-558-4784 Toll-free: 1-877-558-1784 invest@pretivm.com www.pretivm.com HEAD OFFICE: Pretium Resources Inc. Suite 2300 – 1055 Dunsmuir St. Four Bentall Centre PO Box 49334 Vancouver, BC Canada V7X 1L4 COMMON SHARES: TSX/NYSE: PVG Issued: 141.6 M Fully diluted: 153.4 M 52-week hi/low: $9.05/$4.60 Market cap: $1.12 B (at Oct 13, 2015) Advancing a major high-grade gold project in Canada
37 2015 GRASS-ROOTS EXPLORATION Inset: Valley of the Kings
38 APPENDIX: 2013 UNDERGROUND DRILLING Fragmental Volcanic Rocks Polylithic Conglomerate Volcanic Sediment 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
39 2015 UNDERGROUND DRILLING RESULTS: PLAN VIEW > 20.0 Assay intervals 5.0 - 20.0 1.0 – 5.0 0.5 – 1.0 < 0.5 Key (g/t Au) N 50m 1320m Drill Bay 1310m Drill Bay
40 APPENDIX: CASH FLOW: FIRST 10 YEARS  Base Case ($1,100/oz Au; $17/oz Ag; C$/US$ 0.92)  High Case ($1,400/oz Au; $21/oz Ag; C$/US$ 0.92) Year 1 2 3 4 5 6 7 8 9 10 Operating Cash Flow ($ million) 270.5 341.4 394.5 354.7 390.3 412.9 411.0 408.3 327.4 346.4 Pre-tax Net Cash Flow ($ million) 193.7 310.3 366.2 336.9 367.5 392.1 384.4 392.6 308.8 329.1 Post-tax Net Cash Flow ($ million) 188.4 303.5 326.4 234.3 241.7 256.1 248.6 255.5 200.3 213.2 Year 1 2 3 4 5 6 7 8 9 10 Operating Cash Flow ($ million) 388.6 478.9 545.4 495.6 540.7 570.2 569.1 565.0 460.5 484.1 Pre-tax Net Cash Flow ($ million) 311.8 447.7 517.1 477.8 517.9 549.4 542.5 549.2 441.9 466.8 Post-tax Net Cash Flow ($ million) 304.1 421.2 363.3 316.1 338.4 357.2 350.3 356.2 285.9 301.7 (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014
41 APPENDIX: 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)) Category Tonnes (millions) Gold (g/t) Silver (g/t) Contained(3) Gold (million oz) Silver (million oz) Measured 2.0 19.3 14.4 1.2 0.9 Indicated 13.4 17.4 14.3 7.5 6.1 M & I 15.3 17.6 14.3 8.7 7.0 Inferred(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 by environmental, 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 Reserve Definitions 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 as an 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 Brucejack Project Mineral Resources Update Technical Report dated December 19, 2013.  The updated Valley of the Kings Resource estimate announced in December(6) added Measured gold Resources and increased gold grade:

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Casey Research Summit Oct 16-17, 2015

  • 1.
    1 CASEY RESEARCH SUMMIT2015 October 16-17, 2015
  • 2.
    2 CAUTIONARY STATEMENT Forward LookingInformation 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 31, 2014 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 $.
  • 3.
    3  High-grade underground gold project Commercial production target 2017  Located in British Columbia, Canada V A L U E T H R O U G H G O L D
  • 4.
  • 5.
    5 HIGH-GRADE GOLD RESERVES(1,2) Valleyof the Kings West Zone Category Tonnes (mil) Gold (g/t) Silver (g/t) Contained Gold (mil oz) Silver (mil oz) Proven 1.4 7.2 383 0.3 17.4 Probable 1.5 6.5 181 0.3 8.6 Total P&P 2.9 6.9 279 0.6 26.0 Valley of the Kings Mineral Reserve Estimate – June 2014 West Zone Mineral Reserve Estimate – June 2014 (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014 (2) Base case metals prices of US$1,100/oz gold and US$17/oz silver Category Tonnes (mil) Gold (g/t) Silver (g/t) Contained Gold (mil oz) Silver (mil oz) Proven 2.1 15.6 12 1.1 0.8 Probable 11.5 15.7 10 5.8 3.9 Total P&P 13.6 15.7 11 6.9 4.6
  • 6.
    6 BRUCEJACK - ROBUSTECONOMICS (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014 (2) NPV is discounted to July 2014. Economic Results by Metal Price (1) Low Case Base Case High Case Gold Price (US$/oz) $800 $1,100 $1,400 Silver Price (US$/oz) $15 $17 $21 NPV(2) (5% US$M) Pre-Tax $985 $2,200 $3,540 After Tax $620 $1,450 $2,280 Internal Rate of Return Pre-Tax 20.3% 34.7% 47.0% After-Tax 16.5% 28.5% 38.7% Net Cash Flow (US$M) Pre-Tax $2,020 $4,160 $6,350 After-Tax $1,340 $2,720 $4,130 Payback Pre-Tax 4.4 2.7 2.0 After-Tax 4.5 2.8 2.1 Capex (US$M) $746.9 $746.9 $746.9 Exchange Rate (US$:C$) 0.92 0.92 0.92
  • 7.
    7 BRUCEJACK PROJECT PRODUCTION(1) (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014 Mine Life 18 years Total Gold Production 7.27 million oz Average Annual Gold Production 504,000 oz (years 1-8) 404,000 oz (life of mine) Gold and Silver Recoveries 96.7% and 90.0% Processing Rate 2,700 tonnes per day
  • 8.
    8 BRUCEJACK CAPITAL &OPERATING COSTS (1,2,3) (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014 (2) Mine Site Capital Costs Include; mine site, mine site process, mine site utilities, mine site facilities, tailings facilities, mine site temporary facilities and surface mobile equipment. (3) Mining Operating Costs Include; LOM ore milled; if excluding the ore mined during preproduction, the estimated cost is C$91.78/t. Mining $91.34 Processing $19.69 General & Admin $30.87 Surface Services & Others $21.15 Mine Underground $179.5m Mine Site $210.8m Offsite Infrastructure $89.1m Indirect Costs $127.5m Owner’s Costs $71.0m Contingency $69.0m Total Direct Costs $479.4m Total Indirect Costs $267.5m Operating Cost Summary C$163.05 / tonne Capital Cost Summary US$746.9 million
  • 9.
    9 LOW ALL-IN SUSTAININGCASH COSTS (1) (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014. (2) Net of silver credits at Base Case silver price of $US17/ounce. All-in Sustaining Cash Costs Per Ounce: US$448 (US$ million) Total Cash Costs (2) $2,814.5 Reclamation Cost Accretion $27.5 Sustaining Capital Expenditure $320.6 TOTAL: $3,162.6 Brucejack Project All-In Sustaining Cash Costs (Life of Mine) Gold Sales 7,067,000 ounces
  • 10.
    10 CONSTRUCTION FINANCING ANNOUNCED (1)Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014.  US$340M available at closing  Funds over 70% of estimated US$746.7M capex(1)  Updating capex to complete construction  No requirement to fully fund capex prior to additional draws Loan Facility $350M Equity $40M Callable Stream $150M US$540M Financing Package US$540M
  • 11.
    11 CONSTRUCTION FINANCING ANNOUNCED CreditFacility(1)  US$350 million secured loan facility  US$150 million available on close, remaining $200 million to be drawn within 18 months  Fixed interest rate of 7.5%  Due at maturity on Dec 31, 2018; extendable to Dec 31, 2019 with payment of 2.5% of outstanding principal  Includes Offtake Agreement (1) See News Release, dated September 15, 2015
  • 12.
    12 CONSTRUCTION FINANCING ANNOUNCED Streamon Precious Metals(1)  US$150 million advanced for 8% callable precious metals stream  100% callable on Dec 31, 2018 (for $237M) and Dec 31, 2019 (for $272M)  Capped at 7.067 M oz and 26.279 M oz refined gold and silver(2), less production to Dec 31, 2019  If stream not repurchased, stream delivery commences Jan 1, 2020 with US$400/oz gold and US$4/oz silver payable by purchasers (1) See News Release, dated September 15, 2015 (2) Based on refined gold and silver that were estimated to be available for sale in the June 2014 Feasibility Study for the Brucejack Project
  • 13.
    13 VALLEY OF THEKINGS: STOCKWORK S N Cleo West Drift 615L West Raise Domain 20 ~0.5 m
  • 14.
    14 LONGHOLE STOPING  30m 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 30 M SPACING
  • 15.
    15 BRUCEJACK MINE: LIFE OFMINE (18 YEAR) Conveyor Portal West Zone Portal Shops Valley of the Kings 1350m level Valley of the Kings 1230m level Ventilation Raise VR1 Ventilation Raise VR3 Ventilation Raise VR4 Valley of the Kings 1500m level Valley of the Kings 990m level Ventilation Raise VR5 West Zone 990m levelOpen Open
  • 16.
    16 MINE SURFACE FACILITIES Portals Mill Camp DevelopmentRock Disposal Laydown & Fuel Storage Substation West Zone Portal Truck Shop
  • 17.
  • 18.
    18  Gold andsilver recoveries of 96.7% and 90.0% over mine life  Gravity (43.3% LOM) and flotation ( 53.4% LOM) concentration  Producing doré and gold/silver concentrate  Bulk sample processing with single stage gravity and flotation concentration yielded gold recoveries averaging 98% PROCESSING Bulk sample gravity concentrate at Contact Mill, Montana (2013) Bulk sample flotation concentrate at Contact Mill, Montana (2013)
  • 19.
    19 FULLY PERMITTED Project Decision by Ministers BC Environmental Assessment Certificate issued March 26, 2015  Federal Environmental Decision Statement issued July 31, 2015, coordinated by Federal Environmental Assessment Agency (CEAA)  MA & EMA permits issued by Province in July & September 2015
  • 20.
    20 COMMUNITY ENGAGEMENT  Cooperationand Benefits Agreement signed with Nisga’a Nation  Commercial contracting and employment of First Nations has been ongoing since project discovery  The proposed mine will provide approximately 900 jobs during construction and 500 jobs during operations  We will continue to extend both commercial contract and employment opportunities to locals whenever possible
  • 21.
  • 22.
    22 ENGINEERING & PROCUREMENTSTATUS Engineering Status  55% complete  No change to June 2014 Feasibility Study cost estimate at August 31, 2015 Procurement/Contract Status  All long lead items in final stages of procurement  SAG & ball mills purchase orders issued  330-person camp fabrication in progress
  • 23.
    23 CONSTRUCTION TO DECEMBER31, 2015 Construction Power  5 megawatts in place Earthworks  Bulk earthworks underway 330-Person Camp  Installation to commence in October 2015 Transmission Line  Right-of way clearing underway
  • 24.
  • 25.
  • 26.
  • 27.
    27 2015 UNDERGROUND INFILLDRILL PROGRAM: 1320, 1310 AND 1270 DRILL FANS 1320 Level 100m 1260 Level 1310 Drill Bay 1270 Drill Bay (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014 Grade Blocks (g/t Au) in In Years 1-3 Stopes (1) 5-10 10-20 20-60 >60 Probable Reserves Drill Hole
  • 28.
    28 2015 UNDERGROUND EXPLORATIONPROGRAM: VIEW WEST OF YEARS 1-3 STOPES 1320 Level 100m N 1345 Level 1260 Level S (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014 Grade Blocks (g/t Au) in In Years 1-3 Stopes (1) 5-10 10-20 20-60 >60 Proven & Probable Reserves Drill Hole
  • 29.
    29 EXPLORATION POTENTIAL EAST- WEST 200 m N Valley of the Kings Access Ramp Bulk Sample Development Approximate surface projection of December 2013 Measured & Indicated resources SU-498 0.5m @ 3,874 g/t Au SU-526 1.16m @ 4,195 g/t Au VU-136 0.5m @ 1,100 g/t Au Brucejack Fault
  • 30.
    30 EXPLORATION POTENTIAL ATDEPTH 10.93m @ 43.57 ppm Au 0.5m @ 26.00 ppm Au N S 200m <0.5 0.5-1.0 1.0-5.0 >20 5.0-20.0 Key (g/t Au) (Assay intervals) Fragmental Volcanic Rocks Polylithic Conglomerate Volcanic Flows Volcaniclastic Sediments Volcanic Flows 5-10 10-20 >20 Key (g/t Au) (Blocks) (M&I + Inferred) SU-627 Latite Dykes SU-630 SU-628 SU-629 1.5m @ 19.05 ppm Au 0.5m @ 17.95 ppm Au 5m @ 17.34 ppm Au 1.5m @ 32.5 ppm Au 1m @ 11.35 ppm Au 0.5m @ 11.1 ppm Au Section 426765E (500m wide)
  • 31.
    31 EXPLORATION POTENTIAL: 2015 GRASS-ROOTSPROGRAM  Target optimization  Airborne EM and Magnetic Survey  Additional approximately 2,300 line kilometers  Surface mapping and sampling  Surface drilling  10,000 to 15,000 m targeting porphyry /epithermal-style mineralization  Flow Dome Zone  Kitchenview Zone  Additional drill targets results-based Kitchenview Zone Brucejack Lake Brucejack Lake Valley of the Kings West Zone
  • 32.
    32 1000m N SU-661 SU-669 SU-659 SU-670SU-665 SU-667 SU-663 SU-664 Hanging Glacier Zone Kitchen View Zone FlowDome Zone Lookout Zone SU-666 SU-668 SU-662 Valley of the Kings BrucejackFault SU-654 SU-655 SU-656 SU-658 SU-657 2015 GRASS-ROOTS EXPLORATION
  • 33.
    33 500m N SU-657 SU-654 SU-658 1.5m @ 16.9g/t Au 9.0m @ 21.87 g/t Au (Includes 0.5m @ 203 g/t Au) 1.18m @ 10.75 g/t Au SU-661 SU-668SU-666 2.05m @ 2,100 g/t Au (Includes 0.5m @ 8,600 g/t Au) 0.5m @ 137 g/t Au Valley of the Kings Resource > 20.0 Assay intervals 5.0 - 20.0 1.0 – 5.0 0.5 – 1.0 0.25 – 0.5 Key (g/t Au) Previously Reported Drilling 2015 GRASS-ROOTS EXPLORATION – FLOW DOME ZONE
  • 34.
    34 2015 PROGRESS:  Receivedprovincial Environmental Assessment Certificate  Received federal Environmental Assessment Decision Statement  Received EMA & MA permits  Construction financing  Start construction and underground mine development  Detailed engineering and procurement continuing  Capex to be updated  In-fill underground drill program  Grass-roots exploration drilling in progress
  • 35.
    35 Silver Standard, 12% Institutions, 48.5%Zijin, 9% Management, 2.5% Retail, 28% SHAREHOLDING& ANALYST COVERAGE (1) As of Sept 21, 2015; ownership calculated on an undiluted basis. (2) As of Sept 21, 2015. Source: IPREO, SEDI (3) US$540 million construction financing closed Sept 21, 2015. See News Release dated Sept 15, 2015 & Sept 21, 2015 Top Shareholders(2) (% S/O) Silver Standard Resources 12.08 Zijin Mining 9.07 Van Eck Associates 5.98 Liberty Metals & Mining 5.89 Orion & Blackstone 5.44 Aristeia Capital, LLC 3.92 Sun Valley Gold, LLC 2.92 Pretivm Management 2.55 Mackenzie Financial 2.24 Franklin Advisors, Inc. 1.96 Sprott Asset Management 1.57 Analyst Coverage Canaccord Genuity Joe Mazumdar CIBC Jeff Killeen Citibank Alex Hacking Cormark Securities Richard Gray GMP Securities George Albino H.C. Wainwright Heiko F. Ihle Numis Phil Swinfen Pareto Securities John McClintock RBC Dan Rollins Roth Capital Partners Joseph Reagor Salman Partners Ash Guglani Scotiabank Ovais Habib Capital Structure(1) Public Float 124.5 Silver Standard Shares 17.1 Total Issued & Outstanding Shares 141.6 Incentive Options 11.8 Total Fully Diluted Shares 153.4 Market Cap (Oct 13, 2015) C$1.12 billion Working Capital (at Jun. 30, 2015) C$60.8 million (shares in millions) Funds Advanced from Construction Financing (3) US$340 million
  • 36.
    36 36 CONTACT: Phone: 604-558-1784 Fax: 604-558-4784 Toll-free:1-877-558-1784 invest@pretivm.com www.pretivm.com HEAD OFFICE: Pretium Resources Inc. Suite 2300 – 1055 Dunsmuir St. Four Bentall Centre PO Box 49334 Vancouver, BC Canada V7X 1L4 COMMON SHARES: TSX/NYSE: PVG Issued: 141.6 M Fully diluted: 153.4 M 52-week hi/low: $9.05/$4.60 Market cap: $1.12 B (at Oct 13, 2015) Advancing a major high-grade gold project in Canada
  • 37.
  • 38.
    38 APPENDIX: 2013 UNDERGROUNDDRILLING Fragmental Volcanic Rocks Polylithic Conglomerate Volcanic Sediment 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
  • 39.
    39 2015 UNDERGROUND DRILLINGRESULTS: PLAN VIEW > 20.0 Assay intervals 5.0 - 20.0 1.0 – 5.0 0.5 – 1.0 < 0.5 Key (g/t Au) N 50m 1320m Drill Bay 1310m Drill Bay
  • 40.
    40 APPENDIX: CASH FLOW:FIRST 10 YEARS  Base Case ($1,100/oz Au; $17/oz Ag; C$/US$ 0.92)  High Case ($1,400/oz Au; $21/oz Ag; C$/US$ 0.92) Year 1 2 3 4 5 6 7 8 9 10 Operating Cash Flow ($ million) 270.5 341.4 394.5 354.7 390.3 412.9 411.0 408.3 327.4 346.4 Pre-tax Net Cash Flow ($ million) 193.7 310.3 366.2 336.9 367.5 392.1 384.4 392.6 308.8 329.1 Post-tax Net Cash Flow ($ million) 188.4 303.5 326.4 234.3 241.7 256.1 248.6 255.5 200.3 213.2 Year 1 2 3 4 5 6 7 8 9 10 Operating Cash Flow ($ million) 388.6 478.9 545.4 495.6 540.7 570.2 569.1 565.0 460.5 484.1 Pre-tax Net Cash Flow ($ million) 311.8 447.7 517.1 477.8 517.9 549.4 542.5 549.2 441.9 466.8 Post-tax Net Cash Flow ($ million) 304.1 421.2 363.3 316.1 338.4 357.2 350.3 356.2 285.9 301.7 (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014
  • 41.
    41 APPENDIX: 2013 RESOURCEESTIMATE 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)) Category Tonnes (millions) Gold (g/t) Silver (g/t) Contained(3) Gold (million oz) Silver (million oz) Measured 2.0 19.3 14.4 1.2 0.9 Indicated 13.4 17.4 14.3 7.5 6.1 M & I 15.3 17.6 14.3 8.7 7.0 Inferred(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 by environmental, 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 Reserve Definitions 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 as an 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 Brucejack Project Mineral Resources Update Technical Report dated December 19, 2013.  The updated Valley of the Kings Resource estimate announced in December(6) added Measured gold Resources and increased gold grade: