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VALUE THROUGH GOLD May 2011

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Page 1: Corporate presentationmai

VALUE THROUGH GOLDMay 2011

Page 2: Corporate presentationmai

TSX:PVG 1

Forward Looking InformationThis 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 43-101Technical 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 and a preliminary economic assessment entitled ‘‘Technical Report and Preliminary Assessment of the Snowfield Brucejack Project’’ dated October 28, 2010 (the “Preliminary Assessment”). 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 DisclaimerOur 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.

CurrencyUnless otherwise indicated, all dollar values herein are in Canadian $.

DISCLAIMER

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TSX:PVG

WHY PRETIVM?

Snowfield ProjectBulk-tonnage presents long-term value in gold

Brucejack ProjectPotential to host a high-grade gold-silver deposit

Visible gold in SU-106

200 m

Measured and Indicated GoldInferred Gold

Drill HoleMineralized Intersection

NS Volcanics700 RL

900 RL

1100 RL

1300 RL

1500 RL

1700 RL

1.64 g/t Au157m

0.83 g/t Au637m

0.78 g/t Au528m

Snowfield Zone cross section

Adjacent projects in northern British Columbia are delivering value through gold

2

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TSX:PVG

WHY PRETIVM: THREE INVESTMENT OPPORTUNITIES

Brucejack High Grade

Quickest path to production Meaningful high grade

ounces present Economics potentially very

favorable

Kensington (Coeur d’Alene) Efemcukuru (Eldorado) Eleanore (Goldcorp)

PEA underway; likely straight to feasibility study Lower capital

requirements; can be financed alone Quicker development

schedule

Further upside / gold exposure via drilling Additional revenues at

reasonable cost structure

Malartic (Osisko) Detour Lake (Detour)Metates (Chesapeake) Livengood (Int’l Tower

Hill)

Mining and crushing facilities built at site Capital needs can likely be

met via debt financing Can be developed in

tandem with high-grade

Long-term gold call option Rare asset of its size

worldwide in favorable geography Potential to partner with

Seabridge

KSM (Seabridge) Partnering with Seabridge may enhance economics Given scale, would likely

require support from a major

Brucejack Bulk Tonnage

Snowfield Bulk Tonnage

Strategic Rationale Key Comparable Mine(s)

Development

3

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TSX:PVG

66.9

45.4

25.9 37.9

20.5 17.2 15.7 17.4 8.0

40.4

14.5

9.0

4.4

5.1 2.6 4.0 0.2

4.5 3.6

8.2

12.6

0.0

20.0

40.0

60.0

80.0

100.0

120.0Pe

bble

KSM

SF/B

J

Don

lin C

reek

Det

our

Lak

e

Met

ates

Liv

engo

od

Mal

artic

Hyc

roft

Phoe

nix

Gol

d R

esou

rces

(mm

oz)

Measured & Indicated Resources Inferred Resources

Snow

field

Bru

ceja

ck

4

LARGE-SCALE NORTH AMERICAN GOLD PROJECTS

(NDM)

(SEA)(PVG)

(NG/ABX)

(DGC)

(RMX)

(CKG) (ITH) (OSK)

(WRN)

Page 6: Corporate presentationmai

TSX:PVG

SNOWFIELD AND BRUCEJACK PROPERTIES

5

Page 7: Corporate presentationmai

TSX:PVG

Snowfield

Galena Hill

West Zone

Shore Zone

Brucejack

6

SNOWFIELD & BRUCEJACK PROJECTS

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TSX:PVG

BRUCEJACK HIGH-GRADE HISTORY

7

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, $21 million spent developing West Zone and other small veins. 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 initiated. Exploration permit and road permits granted. (Pretivm)

908 drill holes 120,000 meters of drilling 5.3 kilometers of underground

development Previously permitted for

production High-grade resource

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

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

Grade Contained MetalTonnes Au Ag Au Ag

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

Measured 11.7 2.25 75.56 0.85 28.4Indicated 285.3 0.80 9.57 7.34 87.8Measured & 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

+50,000 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

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

BRUCEJACK – HIGH-GRADE

Grade Contained MetalTonnes Au Ag Au Ag

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

Measured 1.95 7.95 241.25 0.498 15.10Indicated 1.72 7.33 123.19 0.406 6.82Measured & 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

High-grade PEA planned for Q3 2011

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%)

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TSX:PVG

N S

West Zone

Galena Hill Zone

Viewing window depth: 1,200m>0.35 g/t Au

Shore Zone

200 m200 mGold Grade Legend

Existing 5 kmof undergroundworkings

OpenOpen Open

BRUCEJACK LONG SECTION

Valley of the KingsHigh-Grade Gold / Silver

10

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HIGH-GRADE RESOURCE AREAS

Valley of Kings

1000m

11

N S

E

Low-Grade EnvelopeGold Grade Legend 10x10m High-Grade Block

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VALLEY OF THE KINGS: CROSS-SECTION

SU-77SU-5

SU-106SU-84

SU-29

SU-40

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TSX:PVG 13

Located 65km northwest of Stewart, BC

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

PEA update under review

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

(1) Metal price and recoveries assumptions are: 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 MetalTonnes 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 0.38Indicated 1,180.3 0.55 1.73 0.10% 83.6 0.50 20.93 65.4 2.60Measured & 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

Open Pit(September 2010 PA)

Mitc

hell

Zone

(Sea

brid

ge G

old)

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TSX:PVG

Open pit operation with 27-year mine life Attractive strip ratios at Snowfield

(0.57:1) and Brucejack (2.95:1) Capital expenditures of US$3,465 million;

operating costs of US$9.38/t milled1

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

2010 SNOWFIELD/BRUCEJACK PA

Base Case3

Spot Price Case4

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

Preliminary Assessment Results and Gold Price2

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

14

2010 Preliminary Assessment Sensitivity Chart5

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

$4,000

(20%) (10%) 0% (Base Case) +10.0% +20.0%

Change in Commodity Price (%)

NPV

5%

(US$

mm

)

5.0%

7.0%

9.0%

11.0%

13.0%

15.0%

17.0%

19.0%

IRR

(%)

Au Price (NPV) Cu Price (NPV)Au Price (IRR) Cu Price (IRR)

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VALUE CREATION - 2011

Preliminary Assessment on Brucejack high-grade gold mineralization

Extensive drill program focused on high-grade resource

Advance Snowfield, Brucejack or combined project to pre-feasibility

2Q 2011 3Q 2011 4Q 2011 1Q 2012

Drilling at Brucejack (High-Grade Focus)

Drilling Results

Brucejack High-Grade PEA

Snowfield and/or Brucejack Pre-Feasibility

Update Brucejack High-Grade PEA

Update Brucejack Resource Estimates

Page 17: Corporate presentationmai

TSX:PVG 16

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

5.0

10.0

15.0

20.0

25.0

0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0

Mea

sure

d &

Indi

cate

d +

Infe

rred

Gol

d G

rade

(g/t)

Measured & Indicated + Inferred Gold Resources (mm oz)

Brucejack

Efemcukuru

Kensington

Red Lake

Eleonore

Quimsacocha

El Penon

MusselwhiteCasa Berardi

Jerritt Canyon

Phoenix

Page 18: Corporate presentationmai

TSX:PVG

Shareholders by Geography

17

CAPITAL STRUCTURE(1)

Shareholders by Type

As of April 8, 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 66.5Silver Standard Shares 18.9 Total Issued and Outstanding Shares 85.5 Incentive Options 5.1Total Fully Diluted Shares Outstanding 90.6

Approximate Net Working Capital C$46 million

(millions)

Institutions, 49.8%

Retail, 23.3%

Management, 4.8%

Silver Standard,

22.1%Europe, 16.7%

USA, 30.4%

Canada, 39.4%

Asia, 13.5%

Page 19: Corporate presentationmai

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WHY PRETIVM?

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TSX:PVG 19

MANAGEMENT TEAM & BOARD

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

Peter de Visser, CAChief Financial Officer

Joseph Ovsenek, B.Sc, P.Eng, LLBVice President & Chief Development Officer, Director Ross Mitchell, CA

DirectorFormer CFO, Silver Standard Resources Inc.

John SmithDirectorChief Executive Officer, Silver Standard Resources Inc.

Noel Dunn Lead DirectorPartner, Niantic Partners LLC

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

Ken Konkin, P.GeoProject Manager, Snowfield & Brucejack Projects

Tom Yip, CADirectorChief Financial Officer, Silver Standard Resources Inc.

Page 21: Corporate presentationmai

TSX:PVG

APPENDIX: GOLD MARKET OVERVIEW

20

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APPENDIX: GOLD MARKET OVERVIEW

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APPENDIX: GOLD MARKET OVERVIEW

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APPENDIX: SILVER MARKET OVERVIEW

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APPENDIX: SILVER MARKET OVERVIEW

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APPENDIX: SILVER MARKET OVERVIEW

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Head office

Pretium Resources Inc.570 Granville St.

Suite 1600Vancouver, BC

Canada V6C 3P1

Contact

Phone: 604-558-1784Fax: 604-558-4784

Toll-free: [email protected]

Common Shares

TSX:PVGIssued: 85.5 million

Fully diluted: 90.5 million52-week hi/low: $14.19/$5.75

Market capitalization (at May 4, 2011)$758 million