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Pretium Resources Inc.

In this website, "we", "us", "our", the "Company" and "Pretivm" refer to Pretium Resources Inc. and/or one or more or all of its affiliates, as may be applicable.

Non-Commercial Individual Reference Use Only

The entire contents of this website are protected by copyright and may be used and copied for non-commercial, individual reference only. Any other use of the contents of this website is prohibited unless the user first obtains Pretivm's written permission.

No Warranties

The information on this website is not intended to be a comprehensive review of all matters and developments concerning Pretivm. The information and materials contained on this website are provided (a) solely for the user's general knowledge, and (b) on an "as is" basis without warranties, representations or conditions of any kind, whether express or implied, including but not limited to implied warranties, representations or conditions of merchantability, fitness for a particular purpose and non-infringement of intellectual property and that any such warranties, representations or conditions are hereby expressly disclaimed. Pretivm assumes no responsibility for the completeness, accuracy and currency of the information contained on this website. In no event shall Pretivm be liable or responsible in any way for any claims, expenses, damages (including direct, indirect, special, punitive or consequential damages), loss of profits, opportunities or information whatsoever arising from or related to the use of or inability to use this website and the information and materials provided.

All stock quotes, metal price data and historical stock price data are provided by third party service providers, are provided for informational purposes only, and are not intended for trading purposes. Pretivm makes no representation or warranty regarding the sequence, accuracy or completeness of any stock quotes, metal price data or historical stock price data and has not taken any steps to verify the adequacy, accuracy or completeness of such information. Pretivm assumes no responsibility for the sequence, completeness, accuracy or currency of any stock quotes, metal price data or historical stock price data available on this website or other data displayed. In no event shall Pretivm be liable or responsible in any way for any delays, inaccuracies, errors or omissions in any such information or data or in the transmission thereof, or for any claims, expenses, damages (including direct, indirect, special, punitive or consequential damages), loss of profits, opportunities or information whatsoever arising from or related to reliance on this information or data or the risks arising from the stock market.

Stock price quotes are delayed at least [15] minutes. Metal price quotes are delayed [from the previous trading day's closing].

Exclusion of Liability

Pretivm shall not be liable for any claims, expenses, damages (including direct, indirect, special, punitive or consequential damages), loss of profits, opportunities or information whatsoever arising from or related to: (a) the use of or reliance on information contained on this website; (b) any inaccuracy or omission in such information or failure to keep the information current; (c) use of any third party websites linked or referred to in this website; (d) any delays, inaccuracies or errors in, or in the transmission of, any stock or metal price quotes or historical price data; (e) any Internet software used in connection with this website or computer viruses or other destructive programs encountered as a result of using this website; and (f) any other matter connected with the website; even if Pretivm is made aware of the possibility of such claims, expenses damages or losses.

No Solicitation

The information on this website is not intended to and does not constitute an offering of securities in any jurisdiction and in no way should be interpreted or construed as such. Pretivm is subject to the securities laws of various jurisdictions and no securities commission or other regulatory authority in Canada, United States of America or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by Pretivm to that effect. The information on this website is not intended to modify, qualify, supplement or amend information disclosed or provided by Pretivm pursuant to applicable securities and other laws and should not be used to make investment decisions involving Pretivm’s securities.

Information disclosed or provided by Pretivm pursuant to the securities laws of those jurisdictions is not intended to be in any way qualified, amended, modified or supplemented by the information otherwise available in, through, or on this website. Pretivm's public filings can be viewed in Canada under our profile on SEDAR at www.sedar.com and in the United States through EDGAR at the SEC’s website at www.sec.gov.

Third Party Links

All links or references to other websites are provided merely as a convenience to the user. Pretivm has no control over the linked or referenced websites and makes no representation or warranty regarding the completeness, accuracy and currency of the information located on the linked or referenced websites. Pretivm does not endorse and is not responsible or liable for the content, nature or reliability of any linked or referenced website or any link contained in a linked or referenced website. Pretivm accepts no responsibility for such websites, including but not limited to responsibility for monitoring, updating, supplementing or correcting any information on any linked or referenced website. Please be aware that in linking or going to these outside websites, you are leaving the Pretivm website and that Pretivm is not responsible for the content of any other site.

Note Regarding Forward-Looking Information

This website contains “forward-looking information”, “forward looking statements”, “future oriented financial information” and/or “financial outlooks” within the meaning of applicable Canadian and United States securities legislation (collectively herein referred to as “forward-looking information”), including the “safe harbour” provisions of provincial securities legislation and the United States Private Securities Litigation Reform Act of 1995, Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended. The purpose of disclosing future oriented financial information and financial outlooks is to provide a general overview of management’s expectations regarding the anticipated results of operations and costs thereof and readers are cautioned that future oriented financial information and financial outlook may not be appropriate for other purposes. Wherever possible, words such as “plans”, “expects”, “guidance”, “projects”, “assumes”, “budget”, “strategy”, “scheduled”, “estimates”, “forecasts”, “anticipates”, “believes”, “intends”, “modeled”, “targets” 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 information. 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 statements. Forward-looking information may include, but is not limited to, information with respect to: the estimation of Mineral Reserves and Resources, including the updates thereto; realization of Mineral Reserve and Resource estimates; our estimated life of mine and life of mine plan for the Brucejack Mine; production and processing estimates; capital, sustaining and operating cost estimates and timing thereof; estimated economic results of the Brucejack Mine, including net cash flow and net present value; the expected grade of gold and silver production; predicted metallurgical recoveries for gold and silver; geological and mineralization interpretations; development of the Brucejack Mine; the Brucejack Mine production rate and the ramp-up to 3,800 tonnes per day production rate; capital modifications and upgrades, underground development, and estimated expenditures and timelines in connection therewith, including with respect to the ramp-up to 3,800 tonnes per day production rate; our planned mining (including mining methods), expansion, exploration and development activities, including our infill and expansion drill programs and our grassroots exploration program, and the results, costs and timing thereof; timelines and similar statements relating to the economic viability of the Brucejack Mine, including mine life, total tonnes mined and processed and mining operations; production and cost guidance; our operational grade control program, including plans with respect to our infill drill program and our local grade control model; grade reconciliation, updated geological interpretation and mining initiatives with respect to the Brucejack Mine; our operational strategy; our future operational and financial results, including estimated cash flows, and the timing thereof; payment of our debt and other obligations, including the source of funds and timing thereof; the future price of gold and silver; our liquidity and the adequacy of our financial resources; our intentions with respect to our capital resources; results, analyses and interpretations of exploration and drilling programs; timing, receipt, and anticipated effects of, and anticipated capital costs in connection with approvals, consents and permits under applicable legislation; litigation matters; environmental matters; our effective tax rate and the recognition of our previously unrecognized income tax attributes; statements regarding United States dollar cash flows, currency fluctuations and the recurrence of foreign currency translation adjustments; plans regarding our compensation policy and practices; and management and board of directors succession plans. Statements concerning Mineral Reserve and Mineral Resource estimates may also be deemed to constitute forward-looking information.

All forward-looking information contained on this website is qualified by these cautionary statements.

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual results, actions, events, conditions, performance or achievements to materially differ from those expressed or implied by the forward-looking information, including, without limitation, risks related to:

  • uncertainty as to the outcome of legal proceedings;
  • the effect of indebtedness on cash flow and business operations;
  • the effect of restrictive covenants in our agreements, including our Offtake Agreement and Credit Agreement;
  • our ability to satisfy commitments under our Offtake Agreement;
  • assumptions regarding expected capital costs, operating costs and expenditures, production schedules, economic returns and other projections;
  • our production and production cost estimates, including the accuracy thereof;
  • commodity price fluctuations, including gold price volatility;
  • the accuracy of our Mineral Resource and Reserve estimates (including with respect to size, grade and recoverability) and the geological, operational and price assumptions on which they are based;
  • our ability to maintain or increase our annual production of gold at the Brucejack Mine or discover, develop or acquire Mineral Reserves for production;
  • dependency on the Brucejack Mine for our future operating revenue;
  • the development of our properties;
  • our ability to raise enough capital to mine, develop, expand or complete further exploration programs on our mineral properties;
  • our ability to generate operating revenues in the future;
  • our history of negative operating cash flow, incurred losses and accumulated deficit;
  • failure of counterparties to perform their contractual obligations;
  • general economic conditions;
  • the inherent risk in the mining industry;
  • the commercial viability of our current and any acquired mineral rights;
  • availability of suitable infrastructure or damage to existing infrastructure;
  • transportation and refining risks;
  • maintaining satisfactory labour relations with employees and contractors;
  • significant governmental regulations, including environmental regulations;
  • non-compliance with permits that are obtained or delay in obtaining or failure to obtain permits required in the future;
  • increased costs and restrictions on operations due to compliance with health, safety and environmental laws and regulations;
  • compliance with emerging climate change regulation;
  • adequate internal control over financial reporting;
  • various tax-related matters;
  • potential opposition from non-governmental organizations;
  • uncertainty regarding unsettled First Nations rights and title in British Columbia;
  • uncertainties related to title to our mineral properties and surface rights;
  • land reclamation requirements;
  • our ability to identify and successfully integrate any material properties we acquire;
  • currency fluctuations;
  • competition in the mining industry for properties, qualified personnel and management;
  • our ability to attract and retain qualified management and personnel;
  • some of our directors’ and officers’ involvement with other natural resource companies;
  • potential inability to attract development partners or our ability to identify attractive acquisitions;
  • compliance with foreign corrupt practices regulations and anti-bribery laws;
  • changes to rules and regulations, including accounting practices;
  • limitations in our insurance coverage and the ability to insure against certain risks;
  • risks related to ensuring the security and safety of information systems, including cyber security risks;
  • our anti-takeover provisions could discourage potentially beneficial third-party takeover offers;
  • significant growth could place a strain on our management systems;
  • share ownership by our significant shareholders and their ability to influence our governance;
  • failure to comply with certain terms of the convertible notes;
  • reputational risks;
  • future sales or issuances of our debt or equity securities;
  • the trading price of our common shares is subject to volatility due to market conditions;
  • we are limited in our ability to, and may not, pay dividends in the foreseeable future; and
  • certain actions under U.S. federal securities laws may be unenforceable.

This list is not exhaustive of the factors that may affect any of our forward-looking information. Although we have attempted to identify important factors that could cause actual results, actions, events, conditions, performance or achievements to differ materially from those contained in forward-looking information, there may be other factors that cause results, actions, events, conditions, performance or achievements to differ from those anticipated, estimated or intended.

Our forward-looking information is based on the beliefs, expectations and opinions of management on the date the statements are made. In connection with the forward-looking information contained on this website, we have made certain assumptions about, among other things: our business; planned exploration and development activities and the costs and timing thereof; future prices of gold and silver and other metal prices; the accuracy of our Mineral Resource and Mineral Reserve estimates; the geology and mineralization of the Brucejack Project; operating conditions; capital and operating cost estimates; production and processing estimates; the results, costs and timing of future exploration and drilling; timelines and similar statements relating to the economic viability of the Brucejack Project; timing and receipt of governmental, regulatory and third party approvals, consents, licenses and permits; obtaining required renewals for existing approvals, consents, licenses and permits; the adequacy of our financial resources and our ability to raise any necessary additional capital on reasonable terms; our ability to satisfy the terms and conditions of our debt obligations; commodity prices; currency exchange rates and interest rates; political and regulatory stability; requirements under applicable laws; sustained labour stability and availability of equipment; positive relations with local groups; favourable equity and debt capital markets; and stability in financial and capital markets. We have also assumed that no significant events will occur outside of our normal course of business. Although we believe that the assumptions inherent in the forward-looking information are reasonable, these assumptions are subject to significant business, social, economic, political, regulatory, competitive and other risks and uncertainties, contingencies and other factors that could cause actual actions, events, conditions, results, performance or achievements to be materially different from those projected in the forward-looking information. Many assumptions are based on factors and events that are not within Pretivm’s control and there is no assurance they will prove to be correct. The Company cautions that the foregoing lists of assumptions is not exhaustive. Other events or circumstances could cause actual results to differ materially from those estimated or projected and expressed in, or implied by, the forward-looking information contained on this website.

Additional information about the risks and uncertainties concerning forward-looking information and material factors or assumptions on which such forward-looking information is based is provided in our filings with the securities regulators of Canada and the United States including, but not limited to, our most recently filed Annual Information Form and Form 40-F and our most recently filed annual Management’s Discussion and Analysis (“MD&A”) or any subsequently filed interim MD&A, available in Canada under our profile on SEDAR at www.sedar.com and in the United States through EDGAR at the United States Securities and Exchange Commission’s (“SEC”) website at www.sec.gov.

Forward-looking information is not a guarantee of future performance. There can be no assurance that forward-looking 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 on this website. For the reasons set forth above, readers should not place undue reliance on forward-looking information.

Pretivm does not assume any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, or to explain any material difference between subsequent actual events and such forward-looking information, other than as required by applicable law.

Scientific and Technical Disclosure

Certain scientific and technical information relating to the Brucejack Project contained on this website is derived from, and in some instances is an extract from, the technical report entitled “Technical Report on the Brucejack Gold Mine, Northwest British Columbia” with an effective date of April 4, 2019 prepared for Pretivm by Ivor W.O. Jones, M.Sc., P.Geo., FAusIMM, CP(Geo) of Ivor Jones Pty Ltd., Mark Horan, P.Eng. of Tetra Tech Canada Inc. (“Tetra Tech”), Jianhui (John) Huang, Ph.D., P.Eng. of Tetra Tech, Hassan Ghaffari, P.Eng. of Tetra Tech, Maritz Rykaart, Ph.D., P.Eng. of SRK Consulting (Canada) Inc., Rolf Schmitt, M.Sc., P.Geo. of Environmental Resources Management, Alison Shaw, Ph.D., P.Geo. of Lorax Environmental Services Ltd., Hamish Weatherly, M.Sc., P.Geo. of BGC Engineering Inc. (“BGC”), Trevor Crozier, M.Eng., P.Eng. of BGC, Catherine Schmid, M.Sc., P.Eng. of BGC and Ed Carey, P.Eng. of BGC (the “Brucejack Report”) in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

The Brucejack Report is the only current NI 43-101 compliant technical report with respect to the Brucejack Project and supersedes all previous technical reports.

Each co-author of the Brucejack Report is a “Qualified Person” as defined in NI 43-101 and independent of Pretivm. Each co-author has reviewed, approved and verified certain scientific and technical information on this website that is derived from the Brucejack Report. Scientific and technical information on this website not contained in the Brucejack Report has been reviewed, approved and verified by Kenneth C. McNaughton, M.A.Sc., P.Eng., our Vice President and Chief Exploration Officer, Lyle Morgenthaler, B.A.Sc., P.Eng., our Chief Mine Engineer, Warwick Board, Ph.D., P.Geo, Pr.Sci.Nat., our Vice President, Geology and Chief Geologist, and Nicolas Scarcelli- Casciola, B.A.Sc., P.Eng., our Mine Planning Manager, each of whom is a “Qualified Person” as defined in NI 43-101. [NTD: Confirm consents are obtained]

Reference should be made to the full text of the Brucejack Report, which has been filed with certain Canadian securities regulatory authorities pursuant to NI 43-101. The Brucejack Report is available for review under the Company’s profiles on SEDAR at www.sedar.com and EDGAR at the SEC’s website at www.sec.gov. Alternatively, copies of the Brucejack Report may be inspected during normal business hours at the Company’s head office.

National Instrument 43-101 Definitions

Canadian reporting requirements for disclosure of mineral properties are governed by NI 43-101. The definitions given in NI 43 101 are adopted from those given by the Canadian Institute of Mining Metallurgy and Petroleum.

Mineral Resource

The term “Mineral Resource” refers to a concentration or occurrence of solid material of economic interest in or on the Earth’s crust in such form, grade or quality and quantity that there are reasonable prospects for eventual economic extraction. The location, quantity, grade or quality, continuity and other geological characteristics of a Mineral Resource are known, estimated or interpreted from specific geological evidence and knowledge, including sampling. Mineral Resources are sub-divided, in order of increasing geological confidence, into Inferred, Indicated and Measured categories.

Measured Mineral Resource

The term “Measured Mineral Resource” refers to part of a Mineral Resource for which quantity, grade or quality, densities, shape and physical characteristics are estimated with confidence sufficient to allow the appropriate application of Modifying Factors to support detailed mine planning and final evaluation of the economic viability of the deposit. Geological evidence is derived from detailed and reliable exploration, sampling and testing and is sufficient to confirm geological and grade or quality continuity between points of observation. A Measured Mineral Resource has a higher level of confidence than that applying to either an Indicated Mineral Resource or an Inferred Mineral Resource. It may be converted to a Proven Mineral Reserve or to a Probable Mineral Reserve.

Indicated Mineral Resource

The term “Indicated Mineral Resource” refers to that part of a Mineral Resource for which quantity, grade or quality, densities, shape and physical characteristics are estimated with sufficient confidence to allow the application of Modifying Factors in sufficient detail to support mine planning and evaluation of the economic viability of the deposit. Geological evidence is derived from adequately detailed and reliable exploration, sampling and testing and is sufficient to assume geological and grade or quality continuity between points of observation. An Indicated Mineral Resource has a lower level of confidence than that applying to a Measured Mineral Resource and may only be converted to a Probable Mineral Reserve.

Inferred Mineral Resource

The term “Inferred Mineral Resource” refers to that part of a Mineral Resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological and grade or quality continuity. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.

Modifying Factors

“Modifying Factors” are considerations used to convert Mineral Resources to Mineral Reserves. These include, but are not restricted to, mining, processing, metallurgical, infrastructure, economic, marketing, legal, environmental, social and governmental factors.

Mineral Reserve

The term “Mineral Reserve” refers to the economically mineable part of a Measured and/or Indicated Mineral Resource. It includes diluting materials and allowances for losses, which may occur when the material is mined or extracted and is defined by studies at Pre-Feasibility or Feasibility level as appropriate that include application of Modifying Factors. Such studies demonstrate that, at the time of reporting, extraction could be reasonably justified. The reference point at which Mineral Reserves are defined, usually the point where the ore is delivered to the processing plant, must be stated. It is important that, in all situations where the reference point is different, such as for a saleable product, a clarifying statement is included to ensure that the reader is fully informed as to what is being reported. The public disclosure of a Mineral Reserve must be demonstrated by a Pre-Feasibility Study or Feasibility Study.

Probable Mineral Reserve

The term “Probable Mineral Reserve” refers to the economically mineable part of an Indicated, and in some circumstances, a Measured Mineral Resource. The confidence in the Modifying Factors applying to a Probable Mineral Reserve is lower than that applying to a Proven Mineral Reserve.

Proven Mineral Reserve

The term “Proven Mineral Reserve” refers to the economically mineable part of a Measured Mineral Resource. A Proven Mineral Reserve implies a high degree of confidence in the Modifying Factors.

Qualified Person

The term “Qualified Person” refers to an individual who is an engineer or geoscientist, holding the required accreditation, with at least five years of experience in mineral exploration, mine development or operation or mineral project assessment, or any combination of these, that has experience relevant to the subject matter of the project and report and is a member in good standing of a professional association.

Cautionary Note to United States Investors

Technical disclosure set out on this website has not been prepared in accordance with the requirements of United States securities laws and uses terms that comply with reporting standards in Canada with certain estimates prepared in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Unless otherwise indicated, all Mineral Reserve and Mineral Resource estimates contained on this website have been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Classification System.

Canadian standards, including NI 43-101, differ significantly from the requirements of the SEC under its Industry Guide 7 (“Guide 7”), and Mineral Reserve and Resource information contained on this website may not be comparable to similar information disclosed by United States companies reporting pursuant to Guide 7. In particular, and without limiting the generality of the foregoing, the term “resource” does not equate to the term “reserves”.

Under Guide 7, mineralization may not be classified as a “reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made and volumes that are not “reserves’ should not be disclosed. Among other things, all necessary permits would be required to be in hand or issuance imminent in order to classify mineralized material as reserves under Guide 7. Accordingly, Mineral Reserves estimates included on this website may not qualify as “reserves” under Guide 7. Guide 7’s current disclosure standards normally do not permit the inclusion of information concerning “Measured Mineral Resources”, “Indicated Mineral Resources” or “Inferred Mineral Resources” or other descriptions of the amount of mineralization in mineral deposits that do not constitute “reserves” by Guide 7 standards in documents filed with the SEC.

United States investors should also understand that “Inferred Mineral Resources” have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of “Mineral Resources”, “Indicated Mineral Resources” or “Inferred Mineral Resource” will ever be upgraded to a higher category. Under Canadian rules, estimated “Inferred Mineral Resources” may not form the basis of feasibility or pre-feasibility studies except in rare cases. Investors are cautioned not to assume that all or any part of the “Mineral Resources”, “Measured Mineral Resources”, “Indicated Mineral Resources” or “Inferred Mineral Resource” reported on this website exists or is economically or legally mineable. Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian regulations; however, Guide 7 normally only permits issuers to report mineralization that does not constitute “reserves” by Guide 7 standards as in-place tonnage and grade without reference to unit measures. Investors are specifically cautioned not to assume that all or any part of the mineral deposits in these categories will ever be converted into Guide 7-defined mineral reserves. In addition, the definitions of “Proven Mineral Reserves” and “Probable Mineral Reserves” under reporting standards in Canada differ in certain respects from the standards of Guide 7. Accordingly, information concerning mineral deposits set forth or incorporated by reference herein may not be comparable with information made public by companies that report in accordance with Guide 7.

Non-IFRS Financial Performance Measures

This website includes certain non-IFRS measures. The Company believes that these measures, in addition to measures prepared in accordance with International Financial Reporting Standards (“IFRS”), provide readers an improved ability to evaluate the underlying performance of the Company and to compare it to information reported by other companies. The non-IFRS measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. These measures do not have any standardized meaning prescribed under IFRS, and therefore may not be comparable to similar measures presented by other issuers. Refer to the Company’s latest MD&A for further details.

No Responsibility for Internet Software or Computer Viruses

Due to technical difficulties inherent in the Internet, Internet software or transmission problems could produce inaccurate or incomplete copies of information contained on this website. Computer viruses or other destructive programs may also be inadvertently downloaded from the website. Pretivm shall not be liable for Internet software, computer viruses or destructive programs and recommends that you install appropriate anti-virus or other protective software.

Use of Information

Any information communicated to Pretivm through this website becomes Pretivm's exclusive property. Pretivm shall be entitled to use any such information for any purpose without restriction or compensation to any person. Such information provided by the user shall be deemed to be non-confidential.