Pretivm Announces Change to Board of Directors

Rhea-AI Summary

Pretium Resources Inc. (TSX/NYSE: PVG) announced the immediate resignation of Robin Bienenstock from its Board of Directors. Bienenstock, who joined in 2018, was a significant member of the Compensation Committee and had served as Chair since February 2019. The Board expressed gratitude for her contributions, particularly in enhancing the company’s compensation policies and corporate governance. This leadership change occurs as Pretium continues its operations in the gold mining sector, focusing on the high-grade Brucejack Mine.

Positive

• Bienenstock's tenure contributed to improvements in compensation policies and corporate governance.
• Leadership change may bring fresh perspectives to the Board.

Negative

• The resignation could create gaps in experience and continuity within the Board.

VANCOUVER, British Columbia, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Pretium Resources Inc. (TSX/NYSE: PVG) (“Pretivm” or the “Company”) announces the resignation of Robin Bienenstock from the Company’s Board of Directors (the “Board”) effective immediately.

Ms. Bienenstock joined the Company’s Board in 2018 and was a key member of the Compensation Committee, acting as its Chair since February 2019, as well as the Corporate Governance and Nominating Committee.

“On behalf of Pretivm’s Board of Directors, I would like to thank Ms. Bienenstock for her invaluable insight during her tenure and acknowledge her contributions, including towards improving the Company’s compensation policies and practices, and corporate governance,” stated Richard O’Brien, Chair of the Board. “We wish Ms. Bienenstock all the best in her future endeavours.”

About Pretivm

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

For further information contact:

Troy Shultz
Manager, Investor Relations &
Corporate Communications

Pretium Resources Inc.
Suite 2300, Four Bentall Centre, 1055 Dunsmuir Street
PO Box 49334 Vancouver, BC V7X 1L4
(604) 558-1784
invest@pretivm.com
(SEDAR filings: Pretium Resources Inc.)

Regarding Forward-Looking Statements

This news release contains “forward-looking information” and “forward looking statements” 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 Canadian provincial securities legislation and the U.S. Private Securities Litigation Reform Act of 1995, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and Section 27A of the U.S. Securities Act of 1933, as amended. 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. Forward-looking information may include but is not limited to the Company’s leadership and Board changes and transition plans. 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, those risks identified in our final short form base shelf prospectus and Form F-10, each dated June 16, 2020 and the documents incorporated, or deemed to be incorporated, by reference therein, and our other disclosure documents as filed in Canada on SEDAR at www.sedar.com and in the United States through EDGAR at the Security and Exchange Commission’s (the “SEC”) website at www.sec.gov (collectively, the “Pretivm Disclosure Documents”). Our forward-looking information is based on the assumptions, beliefs, expectations and opinions of management on the date the statements are made, including, without limitation, those set out in the Pretivm Disclosure Documents. 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. For the reasons set forth above, readers should not place undue reliance on forward-looking information. 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, readers should not place undue reliance on forward-looking information. Neither the TSX nor the NYSE has approved or disapproved of the information contained herein.

FAQ

What prompted Robin Bienenstock's resignation from Pretium Resources Inc.?

The press release does not specify the reasons behind Robin Bienenstock's immediate resignation from the Board of Directors.

What roles did Robin Bienenstock hold at Pretium Resources Inc.?

Bienenstock was a key member of the Compensation Committee and served as its Chair since February 2019, alongside her role in the Corporate Governance and Nominating Committee.

How might the resignation of Robin Bienenstock affect Pretium Resources Inc.?

The resignation could impact Board continuity and experience, potentially influencing decision-making processes at Pretium.

When did Robin Bienenstock leave the Board of Directors at Pretium Resources Inc.?

Robin Bienenstock's resignation from the Board was effective immediately as of January 4, 2021.