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VALUE THROUGH GOLD July 2011

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Page 1: July Presentation

VALUE THROUGH GOLD July 2011

Page 2: July Presentation

1

Forward Looking Information This 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 April 4, 2011 (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 43-101 Technical and scientific information contained herein relating to the Projects is derived from National Instrument 43-101 (“NI 43-101”) compliant technical reports “Technical Report and Updated Resource Estimate on the Snowfield Property” and “Technical Report and Updated Resource Estimate on the Brucejack Property” dated February 18, 2011, a preliminary economic assessment entitled ‘‘Technical Report and Preliminary Economic Assessment of the Snowfield Brucejack Project’’ dated October 28, 2010 (the “Preliminary Assessment”) and a preliminary economic assessment dated June 3, 2011 on the Brucejack Project. We have filed the Technical Reports and Preliminary Assessment under our profile at www.sedar.com. Technical and scientific information not contained within the Preliminary Assessment and Technical 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 NI43 101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable. U.S. Securities Law Disclaimer Our securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any state of the United States and, subject to certain exceptions, may not be offered or sold within the United States. Investors resident in the United States will be required to acknowledge that the securities are "restricted securities" within the meaning of Rule 144, and that if in the future an investor decides to offer, resell, pledge or otherwise transfer any of the securities, it may do so only (a) to the Corporation; (b) outside the United States in accordance with Rule 904 of Regulation S under the Securities Act and in compliance with applicable Canadian and provincial laws and regulations; (c) within the United States in accordance with Rule 144, if available, and in compliance with any applicable state securities laws of the United States; or (d) in another transaction that does not require registration under the Securities Act or any applicable state securities laws of the United States. Our securities have not been approved or disapproved by the United States Securities and Exchange Commission or by any state securities commission or regulatory authority, nor have any of the foregoing authorities passed on the accuracy or adequacy of any offering document provided in connection with the offering of these securities. Currency Unless otherwise indicated, all dollar values herein are in Canadian $.

DISCLAIMER

Page 3: July Presentation

Joint engineering study underway to examine economics of combining Snowfield and Seabridge’s KSM project in one operation

2

Quickest path to production

Economics potentially very favorable

PEA completed June 2011; possibly straight to feasibility

Lower capital requirements; can be financed alone

Long-term gold call option

Rare asset of its size worldwide in favorable political jurisdiction

Snowfield Project Bulk-tonnage presents in gold

Brucejack Project Gold Opportunity

Why Pretivm?

Our projects in northern British Columbia are delivering value through gold

Page 4: July Presentation

GOLD: SUPPLY AND DEMAND

3

0

500

1000

1500

2000

2500

3000

3500

4000

4500

5000

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

To

nn

es

Mine Production Demand

Source: GFMS Gold Survey

Page 5: July Presentation

-200

0

200

400

600

800

1000

1200

1400

2004 2005 2006 2007 2008 2009 2010

Indian S-C China Europe North America Other

Source: GFMS Gold Survey 2011

GOLD INVESTMENT: IMPACT OF CHINA

4

To

nn

es

Physical Bar Investment

Page 6: July Presentation

WORLD GDP GROWTH VS. GOLD PRICE

5

$40

$45

$50

$55

$60

$65

$70

$75

$80

$200

$400

$600

$800

$1,000

$1,200

$1,400

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

World GDP in trillions of US$

Gold Price per ounce in US$

Source: World Bank and GFMS

($/oz) (trillions)

Page 7: July Presentation

LARGE-SCALE NORTH AMERICAN GOLD PROJECTS

6

66.9

45.3

34.1 37.9

20.5 22.5 15.3 17.2 16.1

40.4

14.5

21.6

4.4

5.1 0.9

4.9 2.6 2.7

-

20.0

40.0

60.0

80.0

100.0

120.0

Inferred Resources

Measured + Indicated Resources(SEA)

(NDM)

Pretivm

(NG/ABX)

(ITH) (CKG) (ANV)

(OSK)

Go

ld R

eso

urc

es

(mm

oz.)

(DGC)

Page 8: July Presentation

BRUCEJACK AND SNOWFIELD PROPERTIES

7

Page 9: July Presentation

BRUCEJACK HIGH-GRADE HISTORY

8

1960-1980 1980-1985 1986-1989 1990 1992 1999-2000 2009-2010 2011

Exploration of known base and precious metals targets north and northwest of Brucejack Lake. (Granduc)

Extensive exploration resulting in identification of several zones. Drilling then focuses on southern areas of property including West Zone. (Esso)

Underground development of West Zone (5,276 meters) completed in 1989. (Newhawk JV)

Feasibility study completed for West Zone. From 1986 to 1990, $37 million spent developing West Zone and on exploration. Road construction permit granted in 1991. (Newhawk JV)

Mine Development Certificate granted. Further exploration in 1994; care and maintenance. (Newhawk JV)

Acquisition of Newhawk by Silver Standard Resources Inc. and 60% of project; remaining 40% in 2001. Care and maintenance. (Silver Standard)

Exploration resumes with drilling at Galena Hill, the newly-discovered Bridge Zone, Gossan Hill and SG zones. Holes at Galena Hill encounter visible gold. Follow-up drilling in 2010 encounters further visible gold. Brucejack Project acquired by Pretivm. (Silver Standard)

Preliminary Economic Assessment on Brucejack high-grade gold completed. Exploration permit and road permits granted. (Pretivm)

High-grade resource

908 drill holes

120,000 meters of drilling

5.3 kilometers of underground development

Previously permitted for mine development

Page 10: July Presentation

9

Brucejack Bulk-Tonnage Resource Summary - February 2011(1)

(Based on a cut-off of 0.30 grams of gold-equivalent/tonne)

Grade Contained Metal

Tonnes Au Ag Au Ag

(mt) (g/t) (g/t) (mm oz) (mm oz)

Measured 11.7 2.25 75.56 0.85 28.4

Indicated 285.3 0.80 9.57 7.34 87.8

Measured & Indicated 297.0 0.86 12.17 8.18 116.2

Inferred 542.5 0.72 8.67 12.56 151.2

Intrusion-related gold/silver vein systems

+70,000 meters of drilling planned for 2011

Resources increased 134% from 2010 to 2011

Mineralization remains open in ALL directions

(1) Metal price and recoveries assumptions are: Au US$1,025/oz. (71%); Ag US$16.60/oz. (70%)

BRUCEJACK PROJECT

Page 11: July Presentation

10

(1)@ 5.0 g/t cut-off within the 0.30 grams of au-equiv/tonne optimized pit shell.

BRUCEJACK – HIGH-GRADE

Grade Contained Metal

Tonnes Au Ag Au Ag

(mt) (g/t) (g/t) (mm oz) (mm oz)

Measured 1.95 7.95 241.25 0.498 15.10

Indicated 1.72 7.33 123.19 0.406 6.82

Measured & Indicated 3.67 7.66 185.84 0.903 21.92

Inferred 4.71 12.54 49.24 1.898 7.45

Multi-kilo gold intercepts

5km existing underground development at West Zone

High-grade PEA completed June 2011; update to commence after 2011 drilling

Brucejack 5.0g/t Grade & Tonnage Resource Summary - February 2011(1,2)

(2) Metal price and recoveries assumptions are: Au US$1,025/oz. (71%); Ag US$16.60/oz. (70%)

Page 12: July Presentation

N S

West Zone

Galena Hill Zone

Viewing window depth: 1,200m

>0.35 g/t Au

Shore Zone

200

m 200 m

Gold Grade Legend

Existing 5 km of underground workings

Open Open Open

BRUCEJACK LONG SECTION

Valley of the Kings High-grade gold/silver

11

Bridge Zone

73/74 zone

98 zone

Planned +800m hole

Page 13: July Presentation

12

VALLEY OF THE KINGS: CROSS-SECTION

SU-77

SU-12 SU-106

SU-84

SU-29

SU-40

Page 14: July Presentation

West Zone

VOK Zone

Existing 5 km of underground workings

N S

>3.0 g/t Au

Gold Grade Legend

25

0 m

Galena Hill

250 m

HIGH-GRADE RESOURCE AREAS

13

Page 15: July Presentation

High-grade gold-silver underground mine(2)

Average processing rate of 1,500 tonnes/day producing gold-silver doré;

Capital cost of US$281.7 million; operating costs of C$158.36/t milled(3)

Total life of mine (16 years) production of 2.16 million ounces of gold and 14.72 million ounces of silver

JUNE 2011 BRUCEJACK HIGH-GRADE PEA(1)

Base Case

Spot Price Case

Gold Price (US$/oz) 1,100 1,536.30

Silver Price (US$/oz) 21.00 37.86

NPV @ 5% (US$ mm) 662 1,416

IRR (%) 27.1 48.3

Payback (yrs) 4.2 2.5

Exchange rate (US$:C$) 0.93 1.02

(1) Source: Technical Report and Preliminary Economic Assessment of the Brucejack Project, effective date June 3, 2011. (2) Underground mining for first 12 years followed by small-scale open pit mining. (3) Operating cost for underground operation. Open pit operating cost estimated at C$68.77/tonne milled.

Pre-Tax Economic Results

Yrs 1 – 10

Life of Mine

Average Annual Production

Gold (oz) 173,200 135,000

Silver (oz) 1.1 million 918,000

Total Production

Gold (oz) 1.73 million 2.16 million

Silver (oz) 11.15 million 14.72 million

Production Summary

14

Page 16: July Presentation

15

Located 65km northwest of Stewart, BC

Gold-enriched porphyry deposit with copper, silver, molybdenum and rhenium mineralization

Joint engineering study underway with Seabridge Gold Inc. examining economics of Snowfield+KSM

Snowfield Mineral Resource Summary – February 2011(1),(2)

(1) Metal price and recoveries assumptions: Au US$1,025/oz (71%); Ag US$16.60/oz (70%); Cu US$3.0/lb (70%); Mo US$19.00/lb (60%); Re US$145.00/oz. (60%) (2) Mineral resource estimate at 0.30g/t AuEq cut-off.

SNOWFIELD PROJECT

Grade Contained

Metal

Tonnes Au Ag Cu Mo Re Au Ag Cu

(mt) (g/t) (g/t) (%) (ppm) (ppm) (mm oz)

(mm oz)

(bil lbs)

Measured 189.8 0.82 1.69 0.09% 97.4 0.57 4.98 10.3 0.38

Indicated 1,180.3 0.55 1.73 0.10% 83.6 0.50 20.93 65.4 2.60

Measured & Indicated

1,370.1 0.59 1.72 0.10% 85.5 0.51 25.92 75.8 2.98

Inferred 833.2 0.34 1.90 0.06% 69.5 0.43 9.03 50.9 1.10

Snowfield Open Pit (September 2010 PA)

Mitchell Zone (SEA)

Sulphurets Zone (SEA)

Iron Cap Zone (SEA)

Kerr Zone (SEA)

Page 17: July Presentation

Open pit operation with 27-year mine life

Attractive strip ratios: Snowfield (0.57:1) Brucejack (2.95:1)

Capital expenditures of US$3,465 million; operating costs of US$9.38/t milled(2)

Milling throughput of 120,000 t/day producing: Gold-silver doré Copper-gold-silver concentrate Molybdenum-rhenium concentrate

2010 SNOWFIELD/BRUCEJACK PA(1)

Base Case(4)

Spot Price Case(5)

NPV @ 5% (US $mm) 2,302 5,951

IRR (%) 12.4 21.7

Payback (yrs) 5.3 3.5

Mine Life (yrs) 27 27

Gold Price (US$/oz) 878 1,235

(1) Source: Technical Report and Preliminary Assessment of the Snowfield-Brucejack Project, effective date September 10, 2010. (2) Capital cost includes US$454.5 million contingency. Operating costs converted from C$ at an exchange rate of 1.00 : 0.92 (C$ : US$). (3) Results are presented on a pre-tax basis as disclosed in the Preliminary Assessment dated October 28, 2010. (4) Metal prices used: US$14.50/oz Ag, US$17.00/lb Mo, US$2.95/lb Cu and US$7,811/kg Re. (5) Metal prices used: US$19.03/oz Ag, US$15.88/lb Mo, US$3.26/lb Cu and US$5,311/kg Re (as at August 27, 2010).

Preliminary Assessment Results and Gold Price(3) Average Annual Production

Yrs 1 – 8

Life of Mine

Gold (000 oz) 960 700

Silver (000 oz) 7,855 4,162

Copper (000 lb) 39,531 44,582

Molybdenum (000 lb) 3,514 3,668

Rhenium (kg) 9,379 9,011

16

Page 18: July Presentation

17

FOCUSED ON OBJECTIVES

Q1 2011

IPO raises US$285M

Resource Updates

Higher-grade gold resource outlined at Brucejack; 33% increase in combined project bulk tonnage gold resources.

Projects Acquired

Brucejack High-grade PEA

173,200 oz gold per/year for first 10 years

One of first holes encounters 18, 755 g/t gold, a record grade for project

Management appointments

Q2 2011 Dec. 2010 Q3 2011 Q4 2011 Q1 2012

Joint engineering study with Seabridge examining Snowfield + KSM

Update Brucejack Resource Estimate

Update Brucejack High-grade PEA

+70,000-meter Brucejack drill program

Page 19: July Presentation

COMMUNITY RELATIONS & SUSTAINABILITY

18

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

Our Local Hire Policy ensures that the benefits of our exploration success extends to stakeholders through jobs and supply/service contracts

Community members are actively involved in environmental monitoring and archaeological survey work to progress the projects

Page 20: July Presentation

19

RESOURCE COMPARISON: BRUCEJACK HIGH-GRADE

Brucejack gold resources based on a cut-off grade of 5.0 grams of gold-equivalent/tonne within the 0.30 grams of gold-equivalent/tonne optimized pit shell. Source: Intierra Ltd.

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

20.0

0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0

Measu

red

& I

nd

icate

d +

In

ferr

ed

Go

ld G

rad

e (

g/t

)

Measured & Indicated + Inferred Gold Resources (mm oz)

Brucejack

Efemcukuru

Kensington

Red Lake

Eleonore

Quimsacocha

El Penon

Musselwhite Casa Berardi

Jerritt Canyon

Page 21: July Presentation

Shareholders by Geography

20

CAPITAL STRUCTURE(1)

Shareholders by Type

As of July 15, 2011; ownership calculated on an undiluted basis. (1) Assumes the exercise of 5,750,000 share purchase warrants each exercisable to purchase one share of Pretivm owned by Silver Standard Resources Inc. at $12.50 until April 8, 2012.

Public Float 68.0

Silver Standard Shares 18.9

Total Issued and Outstanding Shares 86.9

Incentive Options 5.1

Total Fully Diluted Shares Outstanding 92.6

(millions)

Institutions, 50%

Retail, 23%

Management, 5%

Silver Standard,

22%

Europe, 17%

USA, 30%

Canada, 39%

Asia, 14%

Page 22: July Presentation

21

MANAGEMENT TEAM & BOARD(1)

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

Peter de Visser, CA Chief Financial Officer

Joseph Ovsenek, B.Sc, P.Eng, LLB Vice President & Chief Development Officer, Director

Ross Mitchell, CA Director Former CFO, Silver Standard Resources Inc.

John Smith Director

Chief Executive Officer, Silver Standard Resources Inc.

Noel Dunn Lead Director

Partner, Niantic Partners LLC

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

Ken Konkin, P.Geo Project Manager, Snowfield & Brucejack Projects

Tom Yip, CA Director

Chief Financial Officer, Silver Standard Resources Inc.

(1) All senior management and directors are shareholders of Pretivm

Page 23: July Presentation

22

WHY PRETIVM?

Page 24: July Presentation

BRUCEJACK DRILLING

23

Page 25: July Presentation

BRUCEJACK CAMP

24

Page 26: July Presentation

Head office

Pretium Resources Inc.

570 Granville St. Suite 1600

Vancouver, BC Canada V6C 3P1

Contact

Phone: 604-558-1784

Fax: 604-558-4784 Toll-free: 1-877-558-1784

[email protected] www.pretivm.com

Common Shares

TSX:PVG

Issued: 86.9 million Fully diluted: 92.0 million

52-week hi/low: $14.19/$5.75 Market capitalization (at July 18, 2011)

$946 million