Pretium Resources Inc.: More High-Grade Gold Intersected in Valley of the Kings Zone

VANCOUVER, BRITISH COLUMBIA -- (Marketwire - Nov. 10, 2011) - Pretium Resources Inc. (“Pretivm“) (TSX: PVG) is pleased to report the final assay results from its Brucejack Project in northern British Columbia, including more exceptionally high-grade results from the Valley of the Kings Zone. (See Table 2 below for the final 26 holes.)


Valley of the Kings Zone

Selected highlights include:

- Hole SU-266 intersected 0.56 meters with uncut grades of 13,600 grams of gold and 6,910 grams of silver per tonne (1.8 feet averaging 396.7 ounces gold and 201.5 ounces of silver per ton);

- Hole SU-269 intersected 0.68 meters with uncut grades of 6,110 grams of gold and 2,220 grams of silver per tonne (2.2 feet averaging 178.2 ounces gold and 64.7 ounces silver per ton).

The bonanza-grade intercept in hole SU-266, which ended in mineralization, was intersected in an interval of 5.5 meters with cut grades of 36.8 grams of gold and 261.9 grams of silver per tonne (uncut grades of 1,414.6 grams of gold and 751.6 grams of silver per tonne.)

Also of note from drilling in the West Zone footwall is hole SU-282, which intersected 0.65 meters grading 395.0 grams of gold and 435.0 grams of silver per tonne in a wider mineralized intersection of 209.18 meters grading 2.5 grams of gold and 29.5 grams of silver per tonne.


2011 Top Brucejack High-Grade Gold Intersections

Over the course of the 2011 drilling program at Brucejack, a total of 24 intervals with uncut grades over 1,000 grams per tonne gold were intersected in 17 holes. The top ten highest-grading gold intersections from the 2011 program (all from the Valley of the Kings Zone) are shown in Table 1 below.


Table 1: 2011 Top Ten Highest-Grading Gold Intersections from the Brucejack Project (1)(2)(5)

Hole No.  Collar Coords.  Dip/Azimuth  From(m)  To(m)  Interval(m)  Gold(g/t)  Silver(g/t)
SU-115 	6258015N
426456E 	-50 / 180 	60.60 	61.20 	0.6 	18,754 	9,312
SU-260 	6257998N
426481E 	-45 / 180 	65.84 	66.34 	0.50 	17,750 	7,780
SU-266 	6258048N
426481E 	-45 / 180 	343.69 	344.25 	0.56 	13,600 	6,910
SU-230 	6257881N
426643E 	-65 / 360 	305.73 	306.73 	1.00 	7,420 	3,800
SU-150 	6257955N
426311E 	-65 / 360 	76.38 	76.88 	0.50 	6,670 	3,630
SU-269 	6258051N
426373E 	-50 / 180 	295.08 	295.76 	0.68 	6,110 	2,220
SU-195 	6257767N
426641E 	-50 / 360 	349.39 	349.89 	0.50 	5,740 	2,750
SU-115 	6258015N
426456E 	-50 / 180 	76.10 	76.61 	0.51 	4,209 	2,039
SU-132 	6258000N
426351E 	-47 / 360 	57.68 	58.18 	0.50 	4,060 	1,660
SU-249 	6258051N
426507E 	-57 / 180 	115.59 	116.09 	0.50 	3,880 	1,

745
(1) and (5), see footnotes to Table 2.
(2)All assays are uncut.

The update to the Brucejack Project mineral resource estimate is now underway, and is expected to be reported this quarter.


Table 2: Selected Brucejack Project Drill Results, November 2011 (SU-261 to SU-288) (1,4)

Hole
No. 	Collar Coords. 	Dip/
Azimuth 		From
(meters) 	To
(meters) 	Interval (meters) 	Gold
(g/t) 	Silver
(g/t) 		Capping(2)
VALLEY OF THE KINGS ZONE
SU-261 	6257488N
426623E 	-65 / 360 		55.5 	171.0 	115.5 	1.95 	20.0 		
			incl. 	58.91 	64.0 	5.09 	4.70 	114.0 		
			incl. 	118.0 	128.5 	10.5 	7.00 	53.6 		
			incl. 	152.8 	165.0 	12.2 	4.38 	25.4 		
SU-262(3) 	6257653N
426673E 	-50 / 360 		24.5 	26.0 	1.5 	14.55 	741.0 		
				444.5 	500.5 	56.0 	1.24 	7.8 		
SU-263 	6257875N
426304E 	-55 / 360 		337.5 	416.5 	79.0 	1.14 	4.5 		
SU-264(3) 	6258012N
426376E 	-50 / 180 		175.5 	224.5 	49.0 	0.97 	8.8 		
				249.4 	279.5 	30.1 	1.29 	3.3 		
SU-265 	6257736N
426454E 	-50 / 360 		270.0 	318.0 	48.0 	1.026 	3.0 		
				447.5 	462.5 	15.0 	1.397 	9.7 		
				510.5 	512.0 	1.5 	45.10 	31.0 		
SU-266(3) 	6258048N
426481E 	-45 / 180 		246.0 	274.5 	28.5 	1.28 	4.6 		
				340.5 	346.0 	5.5 	36.78 	261.9 		2 Au samples cut
				340.5 	346.0 	5.5 	1,414.6 	751.6 		uncut
			incl. 	343.69 	344.25 	0.56 	13,600 	6,910 		uncut
				365.5 	366.98 	1.48 	6.58 	1.7 		
SU-267 	6257903N
426595E 	-50 / 360 		72.5 	146.5 	74.0 	0.8 	9.4 		
				454.54 	455.54 	1.0 	73.70 	70.2 		
SU-268 	6257907N
426327E 	-65 / 360 		189.5 	197.0 	7.5 	3.57 	15.4 		
				228.5 	236.0 	7.5 	14.80 	15.6 		
			incl. 	233.0 	234.5 	1.5 	59.50 	36.8 		
SU-269 	6258051N
426373E 	-50 / 180 		176.0 	179.0 	3.0 	5.58 	8.3 		
				255.9 	275.0 	19.1 	3.57 	15.6 		
			incl. 	255.9 	260.5 	4.6 	9.06 	24.7 		
				288.5 	312.0 	23.5 	9.3 	73.2 		2 Au samples cut
			incl. 	294.32 	295.08 	0.76 	569.0 	317.0 		uncut
			incl. 	295.08 	295.76 	0.68 	6,110 	2,220 		uncut
SU-270 	6258131N
426378E 	-47 / 360 		1.87 	15.5 	13.63 	5.42 	8.7 		1 Au sample cut
			incl. 	1.87 	2.37 	0.5 	169.0 	22.9 		uncut
				154.5 	168.0 	13.5 	1.27 	11.9 		
SU-271 	6257930N
426691E 	-50 / 360 		98.97 	102.18 	3.21 	4.15 	8.9 		
				177.05 	186.5 	9.45 	2.70 	72.3 		
SU-272 	6257935N
426304E 	-65 / 360 		253.0 	268.0 	15.0 	3.37 	7.2 		
				253.0 	254.5 	1.5 	25.7 	34.3 		
SU-273 	6258033N
426553E 	-50 / 180 		106.5 	129.0 	22.5 	1.10 	17.1 		
				158.5 	175.74 	17.24 	1.30 	23.3 		
				208.0 	218.5 	10.5 	9.69 	10.9 		
			incl. 	215.5 	217.0 	1.5 	63.1 	36.2 		
				284.65 	285.13 	0.48 	46.70 	11.4 		
				322.0 	333.5 	11.5 	6.06 	7.3 		1 Au sample cut
			incl. 	327.15 	327.63 	0.48 	274.0 	78.0 		uncut
SU-274 	6258075N
426344E 	-45 / 360 		18.5 	23.9 	5.4 	5.67 	20.5 		
				21.5 	22.5 	1.0 	24.4 	35.6 		
				104.68 	135.5 	30.82 	0.80 	9.5 		
SU-275 	6258108N
426375E 	-43 / 180 		110.86 	111.61 	0.75 	9.21 	84.5 		
SU-276 	6258072N
426375E 	-50 / 180 		250 	311.5 	61.5 	0.75 	8.1 		
				329.52 	339.5 	9.98 	3.86 	5.5 		
			incl. 	329.52 	330.02 	0.5 	26.9 	33.5 		
SU-277 	6257990N
426691E 	-50 / 360 		264.5 	285.5 	21.0 	0.70 	1.4 		
SU-278 	6258046N
426300E 	-43 / 360 		81.0 	81.81 	0.81 	36.4 	25.3 		
				116.5 	122.8 	6.3 	10.13 	15.3 		
			incl. 	119.5 	121.0 	1.5 	34.6 	34.0 		
WEST ZONE
SU-279 	6258713N
426448E 	-50 / 225 		8.5 	29.39 	20.89 	0.78 	37.5 		
				49.0 	62.5 	13.5 	1.67 	216.6 		1 Ag sample cut
			incl. 	61.22 	62.5 	1.28 	8.06 	3,090 		uncut
				158.0 	214.0 	56.0 	1.21 	6.6 		
SU-282 	6258887N
426695E 	-50 / 225 		242.32 	451.5 	209.18 	2.53 	29.5 		1 Au sample cut
			incl. 	245.0 	249.58 	4.58 	16.6 	944.8 		
			incl. 	372.0 	373.5 	1.5 	116.0 	87.5 		
			incl. 	405.92 	406.57 	0.65 	395.0 	435.0 		uncut
SU-283 	6258646N
426505E 	-50 / 225 		3.3 	128.5 	125.2 	1.21 	13.7 		
			incl. 	127.0 	128.5 	1.5 	19.4 	27.3 		
SU-284 	6258926N
426378E 	-50 / 225 		88.5 	119.5 	31.0 	0.86 	2.7 		
				163.5 	264.5 	101.0 	1.09 	8.0 		
			incl. 	183.5 	188.5 	5.0 	4.68 	18.1 		
SU-285 	6258784N
426378E 	-50 / 225 		3.3 	283.5 	280.2 	0.92 	6.1 		
			incl. 	188.5 	191.5 	3.0 	11.54 	25.8 		
			incl. 	254.5 	256.0 	1.5 	9.96 	262.0 		
SU-287 	6258567N
426581E 	-50 / 225 		36.0 	42.0 	6.0 	1.84 	4.3 		
CONDEMNATION HOLES
SU-286 	6258644N
427040E 	-50 / 225 		237.37 	239.0 	1.63 	1.50 	208.0 		
SU-288 	6258543N
427301E 	-50 / 225 		64.0 	75.23 	11.23 	0.53 	219.9 		
			incl. 	74.0 	75.23 	1.23 	3.03 	1,320 		
				229.0 	249.02 	20.02 	0.73 	11.8 		uncut

(1)True thickness to be determined.
(2)Unless otherwise indicated as uncut, all gold assays over 130 g/t were cut to 130 g/t and all silver assays over 2,100 g/t were cut to 2,100 g/t.
(3)Hole ended in mineralization
(4)Holes SU-280 and SU-281 were geotechnical holes and not sampled.
(5)All samples were submitted for preparation and analysis by ALS Chemex at its facilities in Terrace, B.C. All samples were analyzed using multi-digestion with ICP finish. Samples over 100 ppm silver were reanalyzed using four acid digestion with an ore grade AA finish. Samples over 1,000 ppm silver were fire assayed with a gravimetric finish. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. One in 10 samples was blank, one in 20 was a standard sample, and differing one in 20 samples was a field duplicate one-quarter split core assayed at ALS Chemex in Vancouver, B.C.

Kenneth C. McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, Pretium Resources Inc. is the Qualified Person (QP) responsible for the Brucejack Project exploration program.


About Pretivm

Pretivm is creating value through gold at its advanced-staged exploration projects Brucejack and Snowfield, located in northern British Columbia. Pretivm is advancing the high-grade, underground gold opportunity at Brucejack and the bulk tonnage opportunities at both Brucejack and Snowfield.


Forward Looking Statement

This Press Release contains “forward-looking information“ within the meaning of applicable Canadian securities legislation. Forward-looking information may include, but is not limited to, information with respect to our plans, costs and timing for future exploration (including updated resource estimates) and development activities, results of future exploration, timing and receipt of approvals, consents and permits under applicable legislation, production and developments in our operations in future periods and adequacy of financial resources. Wherever possible, words such as “plans“, “expects“ or “does not expect“, “budget“, “scheduled“, “estimates“, “forecasts“, “anticipate“ or “does not anticipate“, “believe“, “intend“ and similar expressions or statements that certain actions, events or results “may“, “could“, “would“, “might“ or “will“ be taken, occur or be achieved, have been used to identify forward-looking information. Statements concerning mineral 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 (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 certain actions, 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 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 Pretivm's final short-form prospectus dated April 4, 2011 filed on SEDAR at www.sedar.com. Forward-looking information is based on the expectations and opinions of Pretivm's 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.

The TSX has neither approved nor disapproved of the information contained herein.



Contact Information

Pretium Resources Inc.
Robert Quartermain
President and Chief Executive Officer
(604)558-1784

Pretium Resources Inc.
Michelle Romero
Corporate Relations Director
(604)558-1784
invest@pretivm.com
www.pretivm.com