International Tower Hill Mines is focused on the exploration and development of the world-class, 100% controlled Livengood Gold Project located 70 miles north of Fairbanks, Alaska.  The project currently hosts 13.3 million ounces of gold in 501 million tonnes of ore averaging 0.83 grams per tonne.  Led by a team of mining experts from AngloGold, Teck and Kinross, ITH is committed to advancing the Livengood project into Alaska’s next major gold mine.  In 2011, ITH is completing an updated Preliminary Economic Assessment, a Prefeasibility Study and drilling 55,000 metres to expand the current resource and explore the 145 km2 Livengood district for new gold deposits.

Livengood, Alaska

The Livengood project is now in transition from an exploration project to undertaking a Pre-feasibility Study. As part of this shift to prefeasibility assessment, a Preliminary Assessment ("PA") was performed to evaluate preliminary project concepts including possible mineralization processing methods, estimates of capital and operating costs, and preliminary pit design scenarios, with respect to the resource estimate prepared on data to May 31, 2010 and reported in a previous technical report released in June, 2010.

Field investigations at the Livengood property continue, with a total of 7 drilling rigs working at the site during the Summer 2010 Program. The focus of the work has been expanded to include environmental baseline data collection, geotechnical data collection for design, site alternative assessment for project infrastructure location and groundwater hydrogeological testing in support of the Pre-feasibility Study. Drilling activities have been expanded to include district exploration and site condemnation, as well as continuing the resource definition and infill drilling at Money Knob. The geologic database supporting the Livengood Report is the 434 diamond and reverse circulation holes that had been drilled on the property to May 31, 2010, and provided the basis for reporting an in-situ gold resource estimated and presented in the June 2010 technical report.

The Livengood property is located approximately 115 km northwest of Fairbanks, Alaska in the Tolovana mining district within the Tintina Gold Belt. The project area is centered on a local high point named Money Knob. This feature and the adjoining ridge lines have been considered by many to be the lode gold source for the Livengood placer deposits which lie in the adjacent valley to the north where they have been actively mined since 1914 with production of more than 500,000 ounces of gold.

The Company controls 100% of its ~125 square kilometre Livengood land package, which is made up of 115 Alaska State mining claims, fee simple land leased from the Alaska Mental Health Land Trust, and four leases with private holders of state and federal patented and unpatented mining and placer claims.

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James J. Komadina
President & Chief Executive Officer

Tom S. Q. Yip
Chief Financial Officer
 
Robert D. Comer
Chief Administrative Officer & General Counsel

Shirley Zhou
Vice-President, Corporate Communications

Marla K. Ritchie
Corporate Secretary

Donald C. Ewigleben
Chairman

Jonathan Berg
Director

Daniel Carriere
Director

Anton J. Drescher
Director

Timothy Haddon
Director

Mark Hamilton
Director

James J. Komadina
Director

Jeffrey A. Pontius
Director

Roger R. Taplin
Director

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