VALUE THROUGH GOLD ANNUAL ROTH CONFERENCE March 12-15, 2017 1
CAUTIONARY STATEMENT Forward-Looking Information This Presentation 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, the anticipated production and developments in our operations in future periods, information with respect to our planned exploration and development activities, the adequacy of our financial resources, the estimation of mineral reserves and resources including the 2016 Valley of the Kings Mineral Resource estimate, realization of mineral reserve and resource estimates and timing of development of our 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, 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, projects, assumes, budget, strategy, scheduled, estimates, forecasts, anticipates, believes, intends, 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 statements and information. Statements concerning mineral reserve and 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 our Offering Memorandum dated February 7, 2017 filed on SEDAR at www.sedar.com and in the United States on Form 40-F through EDGAR at the SEC s website at www.sec.gov. Forward-looking information is based on the expectations and opinions of our 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. 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 ( Reports ), Measured, Indicated, and Inferred Mineral Resource Update dated July 21, 2016, Feasibility Study and Technical Report on the Brucejack Project, Stewart, BC dated June 19, 2014, Mineral Reserve Update dated December 15, 2016, capital cost update dated February 3, 2017, and. We have filed the Reports and Update under our profile at www.sedar.com. Technical and scientific information not contained within the Reports for the Projects have been prepared under the supervision of Mr. Ivor W.O. Jones, M.S.c., FAusIMM, Cpgeo, Mr. Kenneth C. McNaughton, P.Eng., Ian Chang, P.Eng., Mr. Russell Pennel, B.A.S.c., P.Eng., and Mr. Lyle Morgenthaler, B.A.S.c., P.Eng. each of whom is 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 NI 43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable. Currency Unless otherwise indicated, all dollar values herein are in Canadian $. 2
VALUE THROUGH GOLD High-grade underground gold mine in British Columbia, Canada Construction nearing completion; commissioning targeted for early 2017 Fully funded Low All-in-Sustaining Cost District potential: deposit remains open in all directions 3
BRUCEJACK LOCATION 4
HIGH-GRADE GOLD RESERVES (1,2) Mineral Reserve Estimate Dec 2016 West Zone Valley of the Kings Category Tonnes (mil) Gold (g/t) Silver (g/t) Contained Gold (mil oz) Silver (mil oz) Proven 3.3 14.5 12.9 1.6 1.4 Probable 12.3 16.5 11.3 6.5 4.5 Total P&P 15.6 16.1 11.1 8.1 5.9 West Zone Valley of the Kings Category Tonnes (mil) Gold (g/t) Silver (g/t) Contained Gold (mil oz) Silver (mil oz) Proven 1.4 7.2 383 0.3 17.4 Probable 1.5 6.5 181 0.3 8.6 Total P&P 2.9 6.9 279 0.6 26.0 (1) Source: Mineral Reserve Update, see news release dated December 15, 2016 (2) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014 5
BRUCEJACK PROJECT PRODUCTION Mine Life Feasibility Study Gold Production Average Annual Gold Production Gold and Silver Recoveries Processing Rate 18 years 7.27 million oz 504,000 oz (years 1-8) 404,000 oz (life of mine) 96.7% and 90.0% 2,700 tonnes per day Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014; Mineral Reserve Update, see news release dated Dec. 15, 2016. 6
OPEN IN ALL DIRECTIONS N Mineral Resource 1 Mineral Reserve 2 Exploration Potential Drill Intercepts SU-658 1.18m @ 10.75 g/t Au 1.5m @ 16.9 g/t Au 2.05m @ 2,100 g/t Au (Includes 0.5m @ 8,600 g/t Au) 9.0m @ 21.87 g/t Au (Includes 0.5m @ 203 g/t Au) SU-668 0.5m @ 137 g/t Au 250 m 1 Outline of Measured, Indicated, and Inferred Mineral Resource as at 21 July 2016. 2 Outline of Proven and Probable Mineral Reserve, based on 19 June 2014 Updated Feasibility Study. SU-654 SU-661 7
BRUCEJACK -ROBUST ECONOMICS Economic Results by Metal Price (1) Low Case Base Case High Case Gold Price (US$/oz) $800 $1,100 $1,400 Silver Price (US$/oz) $10 $14 $18 NPV (2) (5% US$M) Pre-Tax $1,050 $2,340 $3,620 After Tax $690 $1,530 $2,360 Internal Rate of Return Pre-Tax 19.9% 34.4% 47.5% After-Tax 16.5% 28.5% 39.1% Net Cash Flow (US$M) Pre-Tax $2,110 $4,220 $6,320 After-Tax $1,470 $2,820 $4,170 Payback Pre-Tax 5.0 3.3 2.5 After-Tax 5.2 3.5 2.7 Capex (US$M) $811.1 $811.1 $811.1 Exchange Rate (US$:C$) 0.75 0.75 0.75 (1) Based on updated forecast of capital cost (see News Release dated February 3, 2017) and operating cost assumptions from the Feasibility Study and Technical Report Update on the Brucejack Project, with an effective date of June 19, 2014 (2) NPV is discounted to Dec 31, 2015. 8
KEY MILESTONESTO PRODUCTION 2014 2015 2016 2017 9
START OF CONSTRUCTION -OCTOBER 2015 10
CONSTRUCTION ADVANCES MARCH 2016 11
CONSTRUCTION ADVANCES JULY 2016 12
CONSTRUCTION ADVANCES OCTOBER 2016 13
CONSTRUCTION ADVANCES FEBRUARY 2017 14
PORTAL BUILDING 15
UNDERGROUND DEVELOPMENT TRANSFER TOWER 16
ORE FLOW West Zone Portal Ventilation Raise Ventilation Raise Transfer Station Ventilation Raise Valley of the Kings Portal Truck Dump to Crusher As Built Jan 2017 Test Stope 1320L Stope 1230L Stope Ore Flow Direction Isometric view facing North West 17
INITIAL STOPES West Zone Portal Valley of the Kings Portal Transfer Station As Built Jan 2017 Test Stope 1320L Stope 1230L Stope Ore Flow Direction Isometric view facing North West 18
PROCESSING FLOW SHEET 55% FROM CONCENTRATE 96.7% GOLD RECOVERY (LOM) 45% FROM GRAVITY (1) Source: Feasibility Study and Technical Report Update on the Brucejack Project, dated June 19, 2014. 19
MILL BUILDING GRINDING AREA 20
MILL BUILDING PIPING & INTERNAL STEEL 21
MILL BUILDING FLOTATION CELLS Process and fire water tanks 22
MILL BUILDING TAILINGS STOCK TANK & THICKENER 23
TRANSMISSION LINE 24
DIESEL POWER STATION 25
DEVELOPMENT STATUS All major components delivered to site, installation and assembly underway Commissioning April 2017 Over 140,000 tonnes of ore stockpiled on surface and underground Underground development advanced with 12 stopes crosscut in preparation for long-hole drilling 26
OPERATIONS READINESS All senior & supervisor positions have been filled Continued success recruiting locally for operations Over 75% of mill operations and metallurgy positions filled Contract mining for initial production 27
SHAREHOLDING & ANALYST COVERAGE Equity Structure (1) (shares in millions) Issued & Outstanding 180.7 Fully Diluted 187.4 Market Cap (Mar 10, 2017) Working Capital (at Dec 31, 2016) Credit Facility Draw & Convertible Debt (2) US$1.71 B C$61.7 M US$200 M 1-Year % Change PVG and Gold (Mar 10, 2017) Top Shareholders (3) (% S/O) Black Rock Asset Management 10.6 Van Eck Associates 10.4 Silver Standard Resources 9.4 Zijin Mining 5.0 Liberty Mutual Group 4.6 Anchor Bolt Capital 2.9 Sun Valley Gold 2.8 Orion Mine Finance 2.6 M&G Investment Management 2.4 Pretivm Management 2.0 PVG Price % Change Gold Price % Change Analyst Coverage BMO Canaccord Genuity CIBC Cormark Securities H.C. Wainwright Numis Pareto Securities RBC Roth Capital Partners Scotiabank Andrew Kaip Eric Zaunscherb Jeff Killeen Richard Gray Heiko F. Ihle Jonathan Guy Rhys Bradley Dan Rollins Joseph Reagor Ovais Habib (1) As of Mar 9, 2017; ownership calculated on an undiluted basis. (2) Subsequent to year end, received the final advance under the secured term credit facility for US$100 million and completed an offering of US$100 million of unsecured convertible senior subordinated notes. See News Release dated Mar 9, 2017. (3) As of Mar 10, 2017. Source: IPREO & SEDI. 84% 2% 28
Advancing the high-grade Brucejack gold mine pretivm.com PVG : TSX/NYSE 29