PRETIUM RESOURCES INC. ANNOUNCES FILING OF FINAL PROSPECTUS

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VANCOUVER, Dec. 14 /CNW/ - Pretium Resources Inc. (Pretium) is pleased to announce that it has filed its final long-form prospectus dated December 9, 2010 with the securities regulatory authorities in each of the provinces and territories of Canada, other than Quebec, in respect of its initial public offering (Offering).  The final prospectus qualifies the distribution of an aggregate of 44,170,000 common shares of Pretium at a price of $6.00 per common share for gross proceeds to Pretium of an aggregate of $265,020,000, of which an aggregate of 33,504,400 common shares (Firm Shares) are offered on an underwritten basis and 10,666,600 common shares (Agency Shares) are offered on a best efforts agency basis, both through the syndicate of underwriters.

The underwriting syndicate for the Offering is led by CIBC, Citigroup Global Markets Canada Inc. and UBS Securities Canada Inc., and also includes BMO Capital Market, Credit Suisse Securities (Canada), Inc., Dahlman Rose & Company, LLC, GMP Securities L.P. and Salman Partners Inc. (collectively, the Underwriters).

Pretium has also granted the Underwriters an over-allotment option (Over-Allotment Option), exercisable in whole or in part at any time for a period of 30 days following the closing of the Offering, to purchase up to an additional 6,625,500 common shares of Pretium at $6.00 per common share.  If the Over-Allotment Option is exercised in full, the gross proceeds raised under the Offering will be $304,773,000.

The net funds raised under the Offering will be used to fund the cash portion of the Snowfield Project and the Brucejack Project purchase from Silver Standard Resources Inc. (Silver Standard), the prefeasibility engineering studies and continuing exploration of the Snowfield Project, the Brucejack Project or the Combined Project  (defined as the Snowfield Project and Brucejack Project together), the acquisition and exploration of other gold and precious metal projects and for general corporate purposes.  Closing of the Offering and the purchase is expected to occur on or about December 21, 2010, and is subject to the completion of the issue and sale of the Firm Shares, together with completion of the issue and sale of a sufficient number of Agency Shares such that the aggregate gross proceeds from such sales to Pretium are $265,020,000.

A copy of Pretium's final prospectus is available under Pretium's SEDAR profile at www.sedar.com.

The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to United States persons absent registration or any applicable exemption from the registration requirement of the U.S. Securities Act and applicable U.S. state securities laws.  This release shall not constitute an offer to sell, or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Pretium Resources

Pretium is a start-up company that intends to acquire, explore and develop gold and precious metals resource properties, initially in the Americas.  Under an agreement described in the final prospectus, Pretium has the right to acquire from Silver Standard the Snowfield and Brucejack pre-development gold resource projects in Northern British Columbia, Canada.  Pretium's principal objective is to advance the Snowfield Project and the Brucejack Project to feasibility and to explore for and acquire other precious metals resource properties.  Pretium's overall strategy is to position itself as a leading gold and precious metals exploration company.

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 the offering and the conditions to the closing of the offering, the acquisition of the Snowfield Project and the Brucejack Project, anticipated production and developments in our operations in future periods, our planned exploration and development activities, costs and timing of development of the Snowfield and Brucejack 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, including, without limitation, those risks identified in Pretium's final prospectus filed on SEDAR at www.sedar.com

Forward-looking information is based on the expectations and opinions of Pretium'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.

For further information:

Pretium Resources Inc.
#2300 - 1066 West Hastings Street
Vancouver, British Columbia
V6E 3X2

Robert Quartermain, President
Tel: [phone]

Investor Relations
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