Pretivm Reviews COVID-19 Outbreak at Brucejack, Quickly Restricts Journey

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VANCOUVER, British Columbia, Feb. 11, 2021 (GLOBE NEWSWIRE) — Pretium Sources Inc. (TSX/NYSE: PVG) (“Pretivm” or the “Firm”) immediately proclaims that a Covid-19 outbreak has been verbally declared on the Brucejack Mine by the BC Northern Well being Medical Well being Officer. To guard the well being and security of our workforce and native communities, the Firm has applied enhanced outbreak protocols which embrace restrictions on journey to and from the Brucejack Mine Camp till web site broad testing and an evaluation by BC Northern Well being might be accomplished.   

At present, the Firm is managing 14 circumstances of COVID-19 amongst staff and contractors on the Brucejack Mine, this consists of these beforehand introduced 9 circumstances (see information launch dated February 7, 2021). All are in isolation, stay in good well being and have exhibited restricted signs. The Firm has additionally turn into conscious of staff and contractors who’re at present off web site and have contracted the virus. In partnership with native well being authority, BC Northern Well being, contact tracing was undertaken to find out the potential for added exposures. Shut contacts, recognized by the tracing course of, have been notified and moved into isolation. Isolation protocols will stay in impact for the period established by BC Northern Well being, with common monitoring for COVID-19 signs.

“The well being and security of our workforce and surrounding communities stays our prime precedence and our main focus is to assist all staff and contractors on the mine web site,” stated Jacques Perron, President and Chief Govt Officer of Pretivm. “Following the data offered by BC Northern Well being we now have applied journey restrictions, as a part of our established outbreak protocols, to mitigate the chance of transmission and restrict impacts.”

Operations proceed on the Brucejack Mine and the Firm will proceed to intently monitor the state of affairs and supply updates as applicable.

The Firm has established COVID-19 administration plans and applied enhanced protocols and preventative measures to mitigate the unfold of COVID-19 and defend the well-being of its staff, contractors, their households, native communities and different stakeholders. Pretivm continues to observe the stringent COVID-19 an infection prevention steering and directives of federal, provincial and regional authorities in respect of normal and mine site-specific protocols and is working in shut partnership with its medical service supplier and BC Northern Well being.

All through the COVID-19 pandemic, the Brucejack Mine has operated constantly below the directives offered by Ministry of Vitality, Mines and Low Carbon Innovation Steerage to Mining and Smelting Operations throughout COVID-19; BC Ministry of Well being, BC Centre for Illness Management: Defending Industrial Camp Staff, Contractors, and Employers Working within the Agricultural, Forestry, and Pure Useful resource Sectors Through the COVID-19 Pandemic (July 28, 2020); and all relevant orders issued by the Provincial Well being Officer.

For extra info on Pretivm’s method to managing COVID-19, go to: https://www.pretivm.com/brucejack/Pretivms-COVID-19-Response/

About Pretivm

Pretivm is an intermediate gold producer with the high-grade gold underground Brucejack Mine.

For additional info contact:

Troy Shultz
Supervisor, Investor Relations &
Company Communications

Pretium Sources Inc.
Suite 2300, 4 Bentall Centre, 1055 Dunsmuir Avenue
PO Field 49334 Vancouver, BC V7X 1L4
(604) 558-1784
make investments@pretivm.com

(SEDAR filings: Pretium Sources Inc.)

Relating to Ahead-Wanting Statements

This information launch accommodates “forward-looking info” and “ahead wanting statements” inside the that means of relevant Canadian and United States securities laws (collectively herein known as “forward-looking info”), together with the “protected harbour” provisions of Canadian provincial securities laws and the U.S. Personal Securities Litigation Reform Act of 1995, Part 21E of the U.S. Securities Trade Act of 1934, as amended, and Part 27A of the U.S. Securities Act of 1933, as amended. Wherever doable, phrases resembling “plans”, “expects”, “steering”, “initiatives”, “assumes”, “finances”, “technique”, “scheduled”, “estimates”, “forecasts”, “anticipates”, “believes”, “intends”, “modeled”, “targets” and related expressions or statements that sure actions, occasions or outcomes “could”, “might”, “would”, “may” or “will” be taken, happen or be achieved, or the unfavorable types of any of those phrases and related expressions, have been used to determine forward-looking info. Ahead-looking info could embrace, however just isn’t restricted to, statements with respect to: the consequences of the COVID-19 outbreak as a world pandemic and on the Brucejack Mine Camp, together with anticipated operational and monetary impacts and our response and contingency plans; manufacturing and monetary steering, and our expectations round reaching such steering; our future operational and monetary outcomes, together with estimated money flows (together with free money movement forecasts) and the timing thereof; expectations round grade of gold and silver manufacturing; the Brucejack Mine processing charge and gold restoration charge; capital modifications and upgrades, and underground growth, and the anticipated advantages thereof, and estimated expenditures and timelines in connection therewith; our mining (together with mining strategies), growth, exploration and growth actions, together with the reverse circulation drill program, and our definition, sustaining, growth and underground exploration drill packages and our grassroots exploration program, and the outcomes, advantages, prices and timing thereof; our operational grade management program, together with plans with respect to our infill drill program and our native grade management mannequin; grade reconciliation, up to date geological interpretation and mining initiatives with respect to the Brucejack Mine; our administration, operational plans and technique; capital, sustaining, working and normal and administrative price estimates and timing and anticipated advantages thereof; our liquidity and the adequacy of our monetary assets (together with capital assets); our intentions with respect to our capital assets; capital allocation plans; manufacturing and processing estimates and estimated charges; estimated financial outcomes of the Brucejack Mine, together with internet money movement and internet current worth; predicted metallurgical recoveries for gold and silver; and the geological and mineralization interpretations; growth of our Brucejack Mine and timing thereof. Any statements that specific or contain discussions with respect to predictions, expectations, beliefs, plans, projections, goals, assumptions or future occasions or efficiency aren’t statements of historic truth and could also be forward-looking info.

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Ahead-looking info is topic to a wide range of recognized and unknown dangers, uncertainties and different elements that would trigger precise outcomes, actions, occasions, situations, efficiency or achievements to materially differ from these expressed or implied by the forward-looking info, together with, with out limitation, these associated to: the impact of a pandemic and notably the COVID-19 outbreak as a world pandemic and on the Brucejack Mine Camp on the Firm’s enterprise, monetary situation and outcomes of operations and the affect of the COVID-19 outbreak on our workforce, suppliers and different important assets and what impact these impacts, in the event that they happen, would have on our enterprise, monetary situation and outcomes of operations; the effectiveness of our COVID-19 administration plans, associated protocols and preventative measures; our manufacturing, grade of gold, milling restoration, money movement and price estimates, together with the accuracy thereof; commodity worth fluctuations, together with gold and silver worth volatility; the accuracy of our Mineral Useful resource and Reserve estimates (together with with respect to measurement, grade and mining and milling recoverability) and the geological, operational prices and worth assumptions on which they’re based mostly; uncertainties referring to inferred Mineral Sources being transformed into Measured or Indicated Mineral Sources; our means to keep up or improve our annual manufacturing of gold on the Brucejack Mine or uncover, develop or purchase Mineral Reserves for manufacturing; dependency on the Brucejack Mine for our future working income; the event of our properties and growth of our operations; our want or means to boost sufficient capital to mine, develop, increase or full additional exploration packages on our mineral properties; our means to generate working revenues and money movement sooner or later; failure of counterparties to carry out their contractual obligations; normal financial situations; the inherent dangers within the mining business; the industrial viability of our present and any acquired mineral rights; availability of appropriate infrastructure or harm to current infrastructure; transportation, processing and refining dangers; sustaining passable labour relations with staff and contractors; important governmental rules, together with environmental rules; non-compliance with permits which can be obtained or delay in acquiring or renewing, failure to acquire or renew permits required sooner or later; elevated prices and restrictions on operations resulting from compliance with well being, security and environmental legal guidelines and rules; compliance with rising local weather change regulation and the detrimental results of local weather change; ample inside management over monetary reporting; numerous tax-related issues; potential opposition from non-governmental organizations; uncertainty relating to unsettled First Nations rights and title in British Columbia; sustaining our social license to function; uncertainties associated to title to our mineral properties and floor rights; land reclamation and mine closure necessities; our means to determine and efficiently combine any materials properties we purchase; foreign money alternate charge fluctuations; competitors within the mining business for properties, certified personnel and administration; our means to draw and retain certified administration and personnel; disruption from adjustments in administration workforce or failure to efficiently transition new hires or promoted staff into their roles; the power of our new executives to efficiently transition into their roles; compliance with overseas corrupt practices rules and anti-bribery legal guidelines; adjustments to guidelines and rules, together with accounting practices; limitations in our insurance coverage protection and the power to insure in opposition to sure dangers; reputational dangers; future gross sales or issuances of our debt or fairness securities; the buying and selling worth of our frequent shares is topic to volatility resulting from market situations; and sure actions below United States federal securities legal guidelines could also be unenforceable. This listing just isn’t exhaustive of the elements which will have an effect on any of our forward-looking info. Though we now have tried to determine vital elements that would trigger precise outcomes, actions, occasions, situations, efficiency or achievements to vary materially from these contained in forward-looking info, there could also be different elements that trigger outcomes, actions, occasions, situations, efficiency or achievements to vary from these anticipated, estimated or meant.

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Our forward-looking info relies on the assumptions, beliefs, expectations and opinions of administration on the date the statements are made, a lot of which can be tough to foretell and past our management. In reference to the forward-looking info contained on this information launch, we now have made sure assumptions about, amongst different issues: our enterprise and operations and that no important occasion will happen exterior of our regular course of enterprise and operations (apart from as expressly set out herein); the affect of the COVID-19 outbreak, together with on our operations and workforce; deliberate exploration, growth and manufacturing actions and the outcomes, prices and timing thereof; future worth of gold and silver and different steel costs; the accuracy of our Mineral Useful resource and Mineral Reserve estimates and associated info, analyses and interpretations (together with with respect to any updates or anticipated updates); the geology and mineralization of the Brucejack Undertaking; working situations; capital and working price estimates; manufacturing and processing estimates; the outcomes, prices and timing of future exploration and drilling; timelines and related statements referring to the financial viability of the Brucejack Mine; timing and receipt of governmental, regulatory and third celebration approvals, consents, licenses and permits; acquiring required renewals for current approvals, consents, licenses and permits; the geopolitical, financial, allowing and authorized local weather that we function in; the adequacy of our monetary assets, and our means to boost any essential extra capital on affordable phrases; our means to fulfill the phrases and situations of our debt obligations; commodity costs; foreign money alternate charges and rates of interest; political and regulatory stability; necessities below relevant legal guidelines; market competitors; sustained labour stability and availability of apparatus; optimistic relations with native teams; and beneficial fairness and debt capital markets; stability in monetary capital markets. Though we imagine that the assumptions inherent in forward-looking info are affordable as of the date of this information launch, these assumptions are topic to important enterprise, social, financial, political, regulatory, aggressive and different dangers and uncertainties, contingencies and different elements that would trigger precise actions, occasions, situations, outcomes, efficiency or achievements to be materially completely different from these projected within the forward-looking info. The Firm cautions that the foregoing listing of assumptions just isn’t exhaustive. Different occasions or circumstances might trigger precise outcomes to vary materially from these estimated or projected and expressed in, or implied by, the forward-looking info contained on this information launch.

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Extra details about the dangers and uncertainties regarding forward-looking info and materials elements or assumptions on which such forward-looking info relies is offered in our different disclosure paperwork as filed in Canada on SEDAR at www.sedar.com and in america by EDGAR on the Safety and Trade Fee’s (the “SEC”) web site at www.sec.gov (collectively, “the Pretivm Disclosure Paperwork”).

Ahead-looking info just isn’t a assure of future efficiency. There might be no assurance that forward-looking info will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such info. Ahead-looking info includes statements concerning the future and is inherently unsure, and our precise achievements or different future occasions or situations could differ materially from these mirrored within the forward-looking info resulting from a wide range of dangers, uncertainties and different elements, together with, with out limitation, these referred to on this information launch and the Pretivm Disclosure Paperwork. For the explanations set forth above, readers shouldn’t place undue reliance on forward-looking info.

We don’t assume any obligation to replace forward-looking info, whether or not because of new info, future occasions or in any other case, apart from as required by relevant regulation. Neither the TSX nor the NYSE has accepted or disapproved of the data contained herein.

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