Pretium Resources Inc : Pretivm Reminds Warrant Holders of April 9, 2012 Warrant Expiration Date

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 20, 2012) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. NEWSWIRE SERVICES

Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) ("Pretivm") reminds holders of Pretivm common share purchase warrants, exercisable at $12.50 per share, (the "Warrants") that the Warrants will expire at 4pm (Vancouver time) on April 9, 2012. The Warrants have an expiration date of April 7, 2012; however, since the date occurs on a weekend, under the terms of the Warrants the expiration date has been extended to the next business day, April 9, 2012.

Each Warrant is exercisable to purchase one common share of Pretivm owned by Silver Standard Resources Inc. (see news release dated April 8, 2011). Pretivm will not receive any of the proceeds from the exercise of the Warrants. Assuming all of the 5,750,000 Warrants are exercised, Silver Standard's share position will be reduced to 21.5% of Pretivm's issued and outstanding shares.

The warrants have not been registered under the United Stated Securities Act of 1933, as amended or state securities laws. No warrant may be exercised by or on behalf of a U.S. Person or person in the United States unless an exemption from registration requirements is available.

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, which hosts a significant undeveloped high-grade gold resource.

(SEDAR filings; Pretium Resources Inc.)

Forward-Looking Statement

This Press Release 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, information with respect to timing and completion of possible offerings or secondary offerings under the Prospectus, our planned exploration and development activities, the adequacy of the Company's financial resources, the estimation of mineral resources, realization of mineral resource estimates, timing of development of the Company's 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, the Company's executive compensation approach and practice, and adequacy of financial resources. Wherever possible, words such as "plans", "expects", "projects", "assumes", "budget", "strategy", "scheduled", "estimates", "forecasts", "anticipates", "believes", "intends" 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 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 Pretivm's Prospectus dated March 19, 2012 filed on SEDAR at www.sedar.com and in the United States through EDGAR at the SEC's website at www.sec.gov. 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.

Neither the TSX nor the NYSE has approved or disapproved of the information contained herein.

FOR FURTHER INFORMATION PLEASE CONTACT:
        Pretium Resources Inc.
        Robert Quartermain
        President and Chief Executive Officer
        [phone]

        Pretium Resources Inc.
        Michelle Romero
        Corporate Relations Director
        [phone]
        [e-mail]
        www.pretivm.com

Source: Pretium Resources Inc.