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Pretium Resources Inc.: Underground Bulk Sample Drilling Continues to Intersect High-Grade Gold

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct 10, 2013) - Pretium Resources Inc. (PVG.TO)(PVG) ("Pretivm") is pleased to report additional underground drilling results from the Valley of the Kings Bulk Sample Program (the "Program"), and results from exploration drilling in the Valley of the Kings to the west and north of the Program area. Reported assays include seven intersections grading greater than 1,000 grams per tonne gold, three of which were intersected in the planned Program fans. (See Table 1 below for assays.)

Selected drill highlights include:

  • Hole VU-279 (Exploration hole) intersected 3,180 grams of gold per tonne uncut over 0.50 meters;
  • Hole VU-281 (Exploration hole) intersected 2,010 grams of gold per tonne uncut over 0.50 meters;
  • Hole VU-273 (Program hole) intersected 1,875 grams of gold per tonne uncut over 0.50 meters;
  • Hole VU-291 (Program hole) intersected 1,550 grams of gold per tonne uncut over 0.50 meters;
  • Hole VU-259 (Program hole) intersected 1,360 grams of gold per tonne uncut over 0.50 meters;
  • Hole VU-277 (Exploration hole) intersected 1,430 grams of gold per tonne uncut over 0.50 meters, and 1,070 grams of gold per tonne uncut over 0.50 meters.

The bonanza-grade gold intercept from exploration hole VU-279 noted above was intersected 38 meters southeast and 18 meters above the Valley of the Kings discovery hole SU-12 intercept which graded 16,948 grams per tonne gold uncut over 1.5 meters. Exploration holes VU-277 and VU-281 noted above were drilled from the 426652E drill bay as part of continued drilling to test high-grade mineralization in Domain 20, an area north and east of the 4268015N Program drill drift.

The bonanza-grade gold intercepts from the Program holes noted above were intersected on section 426652.5E (VU-259 and VU-273) and section 426600E (VU-291).

For plan and cross section views of the reported drilling please visit the following link:http://media3.marketwire.com/docs/pvg1010_F1-6.pdf.

To date, 47 intercepts grading over 1,000 grams per tonne gold uncut have been encountered in the 2013 underground drilling program in the Valley of the Kings, comprising 23 intercepts in Program fan drilling, and 24 intercepts in exploration drilling (15 from the Cleopatra Vein, 1 from the eastern extension of the Valley of the Kings, 7 from Domain 20, and 1 in the west).

Assay results have now been received and reported for 16 of the 17 planned Program drill fans. The additional surface exploration drilling of 5,000 meters has been completed, and the 16,500 meters of additional underground exploration is nearing completion. Remaining assay results for all drilling will be reported when received.

Table 1: Valley of the Kings Drill Results, October 2013 (VU-250 to VU-299)(1,2,3)
Hole
No.		 Dip/
Azimuth		 From
(meters)		 To
(meters)		 Interval
(meters)		 Gold
(g/t)		 Silver
(g/t)		 Capping
Bulk Sample Drill Fan Section 426600E (180 Azimuth)
VU-291 -43/178 23.50 34.00 10.50 5.24 7.76
incl 32.10 32.60 0.50 40.80 15.80
incl 32.60 33.00 0.40 37.70 51.50
52.70 53.20 0.50 53.10 40.70
89.50 92.50 3.00 76.58 106.91 1 Au sample cut
or 89.50 92.50 3.00 263.24 106.91 Uncut
incl 91.40 91.90 0.50 1,550 604.00
VU-295 -50.5/178 53.70 63.20 9.50 1.31 35.21
70.20 70.70 0.50 40.10 27.20
VU-299 -60/178 71.50 81.45 9.95 1.97 16.61
Bulk Sample Drill Fan Section 426652.5E (360 Azimuth)
VU-257 -1/0 12.50 17.10 4.60 1.94 89.10
34.50 35.00 0.50 15.70 42.00
VU-259 13.5/0 18.19 20.61 2.42 90.49 209.25 1 Au sample cut
or 18.19 20.61 2.42 282.64 209.25 Uncut
incl 18.19 18.69 0.50 1,360 967.00 Uncut
32.40 36.90 4.50 8.87 21.37
incl 36.30 36.90 0.60 59.50 85.10
109.45 109.95 0.50 26.00 2,140
VU-262 26.5/0 34.50 37.75 3.25 6.07 44.48
incl 37.25 37.75 0.50 33.70 35.40
66.40 66.90 0.50 53.00 53.40
VU-263 37/0 34.50 39.60 5.10 1.61 17.19
VU-265 45.5/0 38.04 42.50 4.46 3.75 15.35
VU-266 53.5/0 43.00 46.00 3.00 3.28 39.43
VU-268 -15/0 53.50 54.00 0.50 202.00 107.00
75.65 81.00 5.35 7.69 20.58
incl 75.65 76.15 0.50 40.20 23.70
incl 76.15 76.75 0.60 24.00 20.60
VU-270 -28/0 11.00 11.50 0.50 22.40 19.90
11.50 12.00 0.50 133.00 86.50
65.00 78.50 13.50 1.43 25.23
VU-271 -38/0 30.50 31.00 0.50 30.90 17.30
37.50 38.10 0.60 14.45 5.40
77.50 84.50 7.00 2.05 10.25
VU-273 -46/0 9.45 9.95 0.50 1,875 972.00 Uncut
75.00 81.20 6.20 2.02 28.00
VU-274 -54.5/0 9.02 17.60 8.58 9.06 5.28
incl 9.02 9.52 0.50 137.00 40.60
72.50 73.00 0.50 202.00 75.8
Exploration Drilling from Drill Bay Section 426552.5E (25 Azimuth) Testing Domain 20
VU-277 0/25 23.20 36.27 13.07 16.50 14.47
incl 23.20 23.80 0.60 45.90 31.00
incl 24.40 25.00 0.60 58.50 24.20
incl 32.50 33.00 0.50 22.80 9.30
incl 35.77 36.27 0.50 256.00 220.00
63.55 77.00 13.45 32.90 57.49 2 Au samples cut
or 63.55 77.00 13.45 93.86 57.49 Uncut
incl 63.55 64.05 0.50 1,430 571.00 Uncut
incl 75.30 75.80 0.50 1,070 611.00 Uncut
VU-278 15.5/25 24.90 29.50 4.60 12.51 26.77
incl 24.90 25.40 0.50 55.20 55.20
98.65 99.15 0.50 76.10 91.20
115.40 119.70 4.30 10.61 5.47
incl 119.20 119.70 0.50 73.20 16.60
VU-281 -20/25 63.00 70.00 7.00 35.28 102.01 1 Au sample cut
or 63.00 70.00 7.00 148.14 102.01 Uncut
incl 64.78 65.28 0.50 2,010 1,070 Uncut
incl 67.40 67.90 0.50 42.80 44.50
VU-283 -37.5/25 3.50 4.00 0.50 76.30 46.70
19.65 27.50 7.85 13.55 14.51
incl 19.65 20.15 0.50 195.00 172.00
57.00 57.50 0.50 34.90 11.20
64.00 67.50 3.50 6.80 25.41
incl 64.00 64.50 0.50 23.70 31.70
incl 67.00 67.50 0.50 19.70 112.00
VU-284 -53/25 49.95 50.40 0.45 127.50 100.00
50.40 50.95 0.55 32.80 13.00
VU-286 -65.5/25 4.00 4.50 0.50 506.00 375.00
37.35 37.85 0.50 18.70 3.90
41.41 51.75 10.34 12.16 5.40
incl 41.41 41.91 0.50 43.80 11.00
incl 51.25 51.75 0.50 190.00 28.00
Exploration Drilling from Drill Bay Section 426552.5E (40 Azimuth) Testing Domain 20
VU-287 12/40 29.00 31.75 2.75 8.85 33.84
incl 31.25 31.75 0.50 17.70 71.00
57.50 59.50 2.00 6.07 23.85
115.00 115.50 0.50 28.90 90.80
VU-290 0/40 3.50 4.00 0.50 29.90 24.80
31.50 35.00 3.50 4.18 4.70
83.00 86.00 3.00 8.96 68.12
incl 85.00 86.00 1.00 19.05 29.60
VU-292 -16/40 2.79 3.29 0.50 95.50 79.00
51.20 61.25 10.05 20.19 22.00
incl 52.50 53.00 0.50 23.20 17.90
incl 60.75 61.25 0.50 367.00 221.00
VU-293 -33/40 2.60 3.10 0.50 589.00 459.00
20.00 20.50 0.50 31.40 11.20
63.00 71.00 8.00 16.47 32.88
incl 63.50 64.15 0.65 187.50 220.00
VU-296 -48/40 2.50 3.00 0.50 393.00 290.00
30.45 32.95 2.50 6.55 4.45
incl 32.45 32.95 0.50 24.00 7.80
VU-298 -61/40 49.45 49.95 0.50 60.80 25.80
93.50 125.00 31.50 1.45 3.53
Exploration Drilling from Drill Bay Section 426547.5E (270 Azimuth) Testing SU-12
VU-264 25/270 23.10 32.50 9.40 16.19 25.04
incl 31.51 32.01 0.50 289.00 173.00
63.00 63.60 0.60 24.30 61.20
VU-267 1/270 39.00 47.20 8.20 2.01 11.41
incl 39.60 40.10 0.50 16.85 10.30
VU-269 -25/270 36.65 41.75 5.10 45.36 40.73
or 36.65 41.75 5.10 64.09 40.73
incl 41.25 41.75 0.50 621.00 371.00 1 Au sample cut
65.45 66.00 0.55 16.50 8.10 Uncut
75.50 76.00 0.50 23.70 6.30
Exploration Drilling from Drill Bay Section 426547.5E (325 Azimuth) Testing SU-12
VU-272 35/325 31.00 39.60 8.60 1.56 31.99
55.95 56.45 0.50 230.00 76.20
67.27 67.77 0.50 104.00 77.90
VU-275 0/325 41.00 55.00 14.00 14.62 29.64
incl 41.00 41.60 0.60 80.90 64.60
incl 48.50 49.00 0.50 181.50 133.00
incl 54.50 55.00 0.50 100.00 65.40
VU-276 25/325 38.50 41.30 2.80 71.32 192.67
incl 39.78 40.28 0.50 395.00 233.00
70.50 71.00 0.50 11.75 10.70
71.00 71.50 0.50 84.90 55.10
88.00 88.50 0.50 28.80 32.20
VU-279 13.5/325 20.50 28.50 8.00 1.29 11.80
40.05 40.55 0.50 3,180 1,485 Uncut
68.00 68.50 0.50 61.70 53.90
VU-280 -11/325 58.50 68.10 9.60 41.48 32.69 1 Au sample cut
or 58.50 68.10 9.60 53.04 32.69 Uncut
incl 58.50 59.00 0.50 652.00 246.00 Uncut
incl 59.00 59.50 0.50 337.00 172.00
83.45 86.00 2.55 86.37 57.29 1 Au sample cut
or 83.45 86.00 2.55 98.72 57.29 Uncut
incl 83.45 83.95 0.50 493.00 275.00
VU-282 -22/325 51.50 55.00 3.50 6.23 13.77
VU-285 -32.5/325 0.50 6.50 6.00 1.11 8.92
111.00 111.50 0.50 20.70 6.40
VU-288 -40/325 3.00 13.50 10.50 1.06 8.81
VU-289 45/325 43.00 46.50 3.50 3.00 19.19
76.00 82.00 6.00 1.36 5.33
Exploration Drilling from Drill Bay Section 426570E Testing Cleopatra
VU-251 43/136 55.83 58.48 2.65 92.83 112.04 1 Au sample cut
or 55.83 58.48 2.65 150.57 112.04 Uncut
incl 55.83 56.33 0.50 736.00 487.00 Uncut
incl 57.98 58.48 0.50 41.20 11.60
VU-253 -51/126 70.00 71.50 1.50 44.10 39.60
VU-255 36/70 83.66 84.16 0.50 10.20 6.00
Exploration Drilling from Drill Bay Section 426562.5E (117Azimuth) Testing Cleopatra
VU-250 24/117 39.00 43.00 4.00 3.13 209.26
59.30 59.80 0.50 254.00 384.00
VU-252 36/117 32.20 35.50 3.30 4.34 29.98
incl 34.50 35.00 0.50 19.75 24.30
75.00 80.80 5.80 2.10 7.06
VU-254 45/117 19.00 25.14 6.14 1.38 22.82
VU-256 12.5/117 41.50 49.50 8.00 0.86 17.92
VU-258 -13/117 15.00 24.00 9.00 1.91 9.28
40.00 49.00 9.00 2.40 5.62
VU-260 -26/117 14.17 19.30 5.13 5.04 15.11
incl 14.17 14.67 0.50 41.70 59.60
56.80 58.50 1.70 7.09 11.06
VU-261 -38/117 23.00 25.65 2.65 2.72 8.52
71.00 75.00 4.00 1.55 2.43
(1) True thickness to be determined.
(2) Unless otherwise indicated as uncut, all gold assays over 430 g/t were cut to 430 g/t.
(3) 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 and fire assay with AA finish for gold. Samples over 100 ppm silver were reanalyzed using four acid digestion with an ore grade AA finish. Samples over 1,500 ppm silver were fire assayed with a gravimetric finish. Samples with over 10 ppm gold were fire assayed with a gravimetric finish. One in 20 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.

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