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Corporate Presentation June 26, 2013

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Page 1: Pretivm June Presentation

Corporate Presentation June 26, 2013

Page 2: Pretivm June Presentation

CAUTIONARY STATEMENT

Forward Looking InformationThis Presentation contains ‘‘forward-looking information’’ within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-looking information may include, but is not limited to, information with respect to the anticipated production and developments in our operations in future periods, our planned exploration and development activities, the adequacy of our financial resources, the estimation of mineral resources, realization of mineral resource estimates, 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 and drilling, 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’’ 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. Many of these risks are listed and described in our final 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 attempted to 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 results not 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 differ materially from those anticipated in such information. Forward-looking information involves statements about the future and is inherently uncertain, and our actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Prospectus under the heading ‘‘Risk Factors’’. Our forward-looking information is based on the beliefs, expectations and 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 new information, future events or otherwise, other than as required by applicable law. For the reasons set forth above, prospective investors should not place undue reliance on forward-looking information.National Instrument 43-101Technical and scientific information contained herein relating to the Projects is derived from National Instrument 43-101 (“NI 43-101”) compliant technical reports (“Reports”) “Technical Report and Updated Preliminary Economic Assessment of the Brucejack Project” dated February 20, 2012 “Mineral Resources Update Technical Report” dated April 3, 2012, “Mineral Resources Update Technical Report” dated September 18, 2012 and “Mineral Resources Update Technical Report” dated November 20, 2012. We have filed the Reports under our profile at www.sedar.com. Technical and scientific information not contained within the Reports for the Projects have been prepared under the supervision of Mr. Kenneth C. McNaughton, an independent “qualified person” under NI 43-101.This presentation uses the terms “measured resources”, “indicated resources” (together “M&I”) and “inferred resources”. Although these terms are recognized and required by Canadian regulations (under NI 43-101), the United States Securities and Exchange Commission does not recognize them. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. There is no guarantee that all or any part of the mineral resource will be converted into mineral reserves.In addition, “inferred resources” have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre feasibility studies, or economic studies, except for a Preliminary Assessment as defined under NI 43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable. CurrencyUnless otherwise indicated, all dollar values herein are in Canadian $.

2

Page 3: Pretivm June Presentation

3

High-grade gold Reserves:Probable Reserves for Valley of the Kings:6.6 Million oz gold (15.1 Mt @ 13.6 g/t gold)

Robust Feasibility Study for underground mine

Located in British Columbia, Canada

Commercial production target early 2016

An investment in Gold

Page 4: Pretivm June Presentation

Kirkland Lake Mine(Kirkland Lake)

Kensington Mine(Coeur)

Casa Berardi(Hecla)

El Penon Mine(Yamana)

Red Lake Mine(Goldcorp)

Pogo Mine(Sumitomo)

Valley of the Kings

F2 Deposit(Rubicon)

Buritica(Continental)

Cerro Negro(Goldcorp)

Eleonore(Goldcorp)

Cerro Moro(Yamana)

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0

M&

I + In

ferr

ed G

old

Gra

de (g

/t)

M&I + Inferred Gold Resources (mm oz)

HIGH-GRADE GOLD RESOURCE WITH SIZE

4November 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: Companies

Indicated Gold: 8.5 mm oz @ 16.4 g/t AuInferred Gold:2.9 mm oz @ 17.0 g/t Au

Page 5: Pretivm June Presentation

5

BRUCEJACK PROJECT LOCATION

220km Terrace

Page 6: Pretivm June Presentation

EXPLORATION AND OWNERSHIP HISTORY

1960-1980

1980-1985

1986-1989

1990

1993

1999-2000

2009

2010

2011-2012

2013

Exploration by various

companies

West Zone discovery and definition by Newhawk

5.3 km underground

development of West Zone

West Zone Feasibility Study

completed

Acquisition by Silver Standard Resources Inc.

Exploration resumes. Discovery of Valley of

the Kings Zone

Acquisition by Pretivm

Extensive exploration program, high-grade

resource, exploration road Mine Development Certificate issued

Completed feasibility study, Valley of the Kings underground

bulk sample underway 6

Page 7: Pretivm June Presentation

BRUCEJACK GEOLOGY/DRILLING

7

Meters500

Valley of the Kings

West Zone

Page 8: Pretivm June Presentation

DEFORMED STOCKWORK MINERALIZATION

8

Page 9: Pretivm June Presentation

9

HIGH-GRADE GOLD RESERVES(1,2)

Category Tonnes(mil)

Gold(g/t)

Silver(g/t)

ContainedGold

(mil oz)Silver

(mil oz)Probable 15.1 13.6 11.0 6.6 5.3

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

(1) Rounding of some figures may lead to minor discrepancies in totals(2) Based on C$180/t cutoff grade, US$1350/oz Au price, US$22/oz Ag price, C$/US$ exchange rate = 1.0

Category Tonnes(mil)

Gold(g/t)

Silver(g/t)

ContainedGold

(mil oz)Silver

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

West Zone Mineral Reserve Estimate –May 16, 2013

Page 10: Pretivm June Presentation

VALLEY OF THE KINGS INDICATED RESOURCE

Northing (± 25 m)

Ind.Gold*(Oz.)

6258225 230,900

6258175 484,000

6258125 703,100

6258075 336,600

6258025 1,951,100

6257975 2,365,900

6257925 1,021,000

6257875 513,600

6257825 687,500

6257775 176,400

Total Ounces per 100 m Easting and 50 m Northing strips

Valley 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.

10

1,092,100 1,776,900 1,467,600 2,185,800 1,391,000 380,100 192,900 Ind. Au* (Oz.)

Page 11: Pretivm June Presentation

MINERAL RESOURCE CONTINUITY

11

Total Ounces* per 10 x 100 m N-S corridor – 6257800 N Long SectionLevel (m) Ind. Gold (Oz)*

1540-1570 116,300 1510-1540 499,700 1480-1510 734,800 1450-1480 510,400 1420-1450 365,450 1390-1420 566,700 1360-1390 631,700 1330-1360 364,800 1300-1330 527,400 1270-1300 992,000 1240-1270 998,200 1210-1240 521,950 1180-1210 213,050 1150-1180 246,800 1120-1150 294,600 1090-1120 393,900 1060-1090 317,600

WW EE

100 m100 m

4,000-6,0006,000-7,0007,000-8,000

>10,000

Key (Oz. Au)

3,000-4,0001,000-3,000<1,000

8,000-10,000Total Ounces per level(Valley of Kings Zone)*Nov. 2012 Indicated Mineral Resource;≥5.0 g/t AuEq.

Page 12: Pretivm June Presentation

0.5-5.0 g/t AuEq

5.0-15.0 g/t AuEq

>15.0 g/t AuEq

Key

12

BULK SAMPLE LOCATION

N S

West Zone UndergroundDevelopment

Valley of the Kings Bulk

Sample

200 m

546 m

100 m 200 m 300 m 400 m 500 m

10,000 tonne bulk sample from Valley of the Kings underway (Q2/Q3)

Page 13: Pretivm June Presentation

13

BULK SAMPLE LOCATION

West Zone UndergroundDevelopment

VOK Bulk Sample

SN

Domain 17

Domain 11

200 m

Page 14: Pretivm June Presentation

BULK SAMPLE REPRESENTIVITY

14

Drilling Density

100 m100 m

DrillholeTrace

DrillholeTrace

IndicatedBlocks

IndicatedBlocks

BulkSample

Area

BulkSample

Area

NN

Vertical viewing window ±8.5 m

Page 15: Pretivm June Presentation

BULK SAMPLE LOCATION

15

1345 m LevelSiltstone, litharenite, pebble conglomerateSiltstone, litharenite, pebble conglomerate

Polylithic ConglomeratePolylithic Conglomerate

Fragmental Volcanic Rocks

Fragmental Volcanic Rocks

Intensely Silicified

Conglomerate

Intensely Silicified

Conglomerate

Hbl-phyricLatite FlowHbl-phyricLatite Flow

Page 16: Pretivm June Presentation

BULK SAMPLE LOCATION

16

Vertical viewing window ±30 m

1345 m Level

5-10

10-20

20-60

>60

Key (g/t AuEq)

2.5-5

1-2.5

0.3-1

Page 17: Pretivm June Presentation

1345M LEVEL PLAN

<0.5

0.5-1.0

1.0-5.0

>20

Key (g/t Au)

5.0-20.0

Fragmental Volcanic Rocks

Fragmental Volcanic Rocks

VolcanicSedimentVolcanicSediment

SilicifiedConglomerate

SilicifiedConglomerate

4266

00E

4266

00E

25 m

585E

58

5E

615E

61

5E

645E

64

5E

555E

55

5E

NN

Viewing Window±15m

Viewing Window±15m

6258015N 6258015N

Page 18: Pretivm June Presentation

BULK SAMPLE LOCATION

18

1345 m Level

Vertical viewing window ±8.5 m

Siltstone, litharenite, pebble conglomerateSiltstone, litharenite, pebble conglomerate

Polylithic ConglomeratePolylithic Conglomerate

Fragmental Volcanic Rocks

Fragmental Volcanic Rocks

Intensely Silicified

Conglomerate

Intensely Silicified

Conglomerate

Hbl-phyricLatite FlowHbl-phyricLatite Flow

Domain 17Domain 17

Domain 11Domain 11

Page 19: Pretivm June Presentation

BULK SAMPLE LOCATION

19

5-10

10-20

20-60

>60

Key (g/t AuEq)

Only Indicated blocks greater than 5 g/t AuEq shown

1345 m Level

Vertical viewing window ±8.5 m

Polylithic ConglomeratePolylithic Conglomerate

Fragmental Volcanic Rocks

Fragmental Volcanic Rocks

Intensely Silicified

Conglomerate

Intensely Silicified

ConglomerateHbl-phyricLatite FlowHbl-phyricLatite Flow

Siltstone, litharenite, pebble conglomerateSiltstone, litharenite, pebble conglomerate

Page 20: Pretivm June Presentation

426600E CROSSCUT – DRILL FAN

Fragmental Volcanic Rocks

Fragmental Volcanic Rocks

PolylithicConglomerate

PolylithicConglomerate

Volc

anic

Sedi

men

tVo

lcan

icSe

dim

ent

NN SS

SilicifiedConglomerate

SilicifiedConglomerate

426600E426600E VU-001VU-001

10 m

<0.5

0.5-1.0

1.0-5.0

>20

Key (g/t Au)

5.0-20.0

Intervals Reported 6/6/13

Viewing Window±7.5m

Viewing Window±7.5m

Page 21: Pretivm June Presentation

426600E CROSSCUT – BLOCKS

Fragmental Volcanic Rocks

Fragmental Volcanic Rocks

PolylithicConglomerate

PolylithicConglomerate

Volc

anic

Sedi

men

tVo

lcan

icSe

dim

ent

NN SS

SilicifiedConglomerate

SilicifiedConglomerate

426600E access ramp426600E access ramp

10 m

<0.5

0.5-1.0

1.0-5.0

>20

Key (g/t Au)

5.0-20.0

Viewing Window±7.5m

Viewing Window±7.5m

Page 22: Pretivm June Presentation

1345M LEVEL PLAN - BLOCKS

<0.5

0.5-1.0

1.0-5.0

>20

Key (g/t Au)

5.0-20.0

25 m

NN

Viewing Window±5m

Viewing Window±5m

Page 23: Pretivm June Presentation

BULK SAMPLE: BLAST PROGRESS

23

Planned Bulk Sample (Gold)

Excavation progress as of June 18, 2013 (Blue)Fragmental Volcanic Rocks

N

Remaining excavation (outline)

Valley of the Kings 1345M Level

AC

CES

S R

AM

PA

CC

ESS

RA

MP

4266

00E

cros

s-cu

t42

6600

E cr

oss-

cut

6258015N drift 6258015N drift

Volcanic sediment

Page 24: Pretivm June Presentation

UNDERGROUND DRILLING

24

SN

Typical Section – Fan Drilling

Detailed underground drilling at <15 meter centers to outline 700,000 ounces of gold.

N

Page 25: Pretivm June Presentation

BULK SAMPLE: SAMPLE TOWER OPERATION

25

100 tonne sample rounds

Jaw crusher and screen plant100% passing 2 cm

Sample cutters in tower800 kg split

Cone crusherSize reduction to 1 cm

Rotary splitter

2 x 30 kg samples

Rejects

Second pass through sample tower

First pass through sample tower

Rejects

Sample cuttersin tower

800 kg split

Cone crusherSize reduction to 1 cm

Rotary splitter

2 x 30 kg samples

Convey back totop of tower

99.14 t

0.74 t

to mill

Page 26: Pretivm June Presentation

BULK SAMPLE TOWER

26

Page 27: Pretivm June Presentation

2727

Corridors of high-grade visible gold seams within lower grade (5g/t to 20g/t) gold quartz stockwork

Steeply dipping ore body

Competent ground conditions

Stope widths (15m wide X 30m high) appropriate both for transverse and longitudinal layouts

Cost effective

First 50 meters of Valley of the Kings ramp

Long hole stoping mining method:

MINING METHOD FOR STOCKWORK

Page 28: Pretivm June Presentation

PROPOSED MINE DEVELOPMENT

28

Oblique View of Mining Stopes, Valley of the Kings

S

N

100 m

West-Zone(late mine life) Valley of the Kings

Page 29: Pretivm June Presentation

BRUCEJACK MINE SITE: SURFACE LAYOUT

29

Camp

Mill

Portals

Development RockDisposal

West ZonePortal

WaterTreatment

Substation

Laydown &Fuel Storage

Page 30: Pretivm June Presentation

BRUCEJACK PROJECT ECONOMICS

30

(1) Source: Feasibility Study and Technical Report on the Brucejack Project, dated June 21, 2013(2) Base case metals prices of US$1,350 /oz gold and US$20/oz silver(3) Includes by-product cash costs, sustaining capital, exploration expense and reclamation cost accretion

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

Mine life 22 years

Total gold production 7.1 million oz

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

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

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

Capex (including contingencies) US$663.5 million

Total operating costs C$156.46/t milled

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

Net Present Value (5% discount)

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

Page 31: Pretivm June Presentation

2013 BRUCEJACK PROJECT PLANS

31

H2 2013

Complete Valley of the Kings bulk sample excavation and sampling

Complete bulk sample report

Process bulk sample

Advance mine engineering

Advance permitting

File Environmental Assessment Certificate Application

Resource update

Potential additional Valley of the Kings drilling

Page 32: Pretivm June Presentation

COMMUNITY ENGAGEMENT

32

Pretivm’s management team has been cooperatively engaging with First Nations and local community leaders in the Stewart, BC region for over 10 years

We work to ensure that our communication about the progress of the Brucejack Project is open and continuous

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

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

Stewart warehouse constructed by development corporation of Skii km Lax Ha First Nation

Page 33: Pretivm June Presentation

BRUCEJACK PERMITTING

33

1986

1989

1993

1998

1999

2006

2011-2012

2013

2014

2015

2016

Reclamation Permit

Mine Development Certificate issued

April 15, 1993

Project Assessment Certificate

Permitted for exploration and exploration road

Project Assessment Certificate allowed to

expire

Approval in principle for development of a mine at West Zone

Reclamation Completion

Project Description under review for

underground mine at Brucejack’s Valley of

the Kings

Anticipate Environmental

Assessment Certificate

Construction, commissioning

Commercial production target

Brucejack Lake is not fish habitat Nearest fish 20 km away Waterfalls and Sulphurets Glacier

impede fish migration Brucejack Lake is 100 meters deep Up to 50% of tailings to be deposited in

the Lake, with total volume of tailings stored in bottom 30 meters

Focus on minimizing potential for suspended solids to discharge from Brucejack Lake

50% or more of tailings to be used for paste backfill and deposited underground

Page 34: Pretivm June Presentation

PRETIVM MANAGEMENT

34

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

Peter de Visser, CAChief Financial Officer

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

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

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

Michelle Romero, B.A., M.L.S.Director, Corporate Relations

Kevin Torpy, B.Sc.Director, Mine Engineering

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

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

Andrew Saltis, I.Eng.Site Project Manager, Mine Manager

Page 35: Pretivm June Presentation

SHAREHOLDING & ANALYST COVERAGE

35

Institutions, 53%

Retail, 23%

Management, 5%

Silver Standard,

19%

Capital Structure(1)

Public Float 83.3Silver Standard Shares 19.0 Total Issued & Outstanding Shares 102.3 Incentive Options 8.5Total Fully Diluted Shares 110.8

Market Capitalization C$706 million

Working Capital (at March 31, 2013) C$22.5 million

Share Offering gross proceeds (at April 26, 2013) (3) C$40 million

(1) As of June 26, 2013; ownership calculated on an undiluted basis. (2) As of June 26, 2013. Source: IPREO, SEDI(3) See new release dated April 26, 2013

(shares in millions)

Top Shareholders(2) (shares in millions)

Silver Standard Resources 18.986Royce & Associates 9.587Passport Capital 5.927Liberty Metals & Mining 5.780 Robert Quartermain 2.853 TD Asset Management 2.153Sun Valley Gold LLC 2.018Sprott Asset Management 1.686Weiss Asset Management 1.644Connor Clark & Lunn 1.590

Analyst CoverageBMO John HayesCIBC Jeff KilleenCitibank Alex HackingCormark Securities Richard GrayCowen Securities Adam GrafGlobal Hunter Securities Jeff WrightGMP Securities George AlbinoRBC Dan RollinsSalman Partners Ash GuglaniScotiabank Ovais HabibVery Independent Research John Tumazos

Page 36: Pretivm June Presentation

HIGH-GRADE GOLD PRODUCTION

36

MeadowBank(Agnico Eagle)

Laronde(Agnico Eagle)

Hycroft (Allied Nevada)Kemess (Aurico)

Casa Berardi Mine (Hecla)

Ruby Hill (Barrick)

Round Mountain (Barrick/Kinross)

Turqouise Ridge (Barrick/Newmont)

Red Lake (Goldcorp)

Musselwhite (Goldcorp)

Marigold Mine (GoldCorp/Barrick)

Fort Knox (Kinross)

Kirkland Lake (Kirkland Lake Gold)

Mesquite (NewGold)

Carlin (Newmont)

Canadian Malartic (Osisko)

Valley of the Kings (Pretium)

Detour Lake Mine (Detour Gold)

0

100

200

300

400

500

600

700

0 2 4 6 8 10 12 14 16 18

Ann

ual G

old

Prod

uctio

n (K

oz/y

ear)

Grade (g/t)

Average gold production vs. grade for various North American producing mines with >2Moz Au

Data sources: Companies, NRH.

Production target:425,700 oz/year (yrs 1-10)

@ 14.2g/t head grade

Page 37: Pretivm June Presentation

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

HEAD OFFICEPretium Resources Inc.570 Granville St.Suite 1600Vancouver, BCCanada V6C 3P1

COMMON SHARESTSX/NYSE:PVGIssued: 102 millionFully diluted: 110.8 million52-week hi/low: $15.77/$5.53Market cap: $625 million (at June 25 2013)

Advancing a major high-grade gold resource in Canada