International Tower Hill Mines Announces 2020 Work Program And Files 2019 Year-End Financial Results
1177 West Hastings Street
Suite 2300
Vancouver, BC
Canada V6E 2K3
Tel: 604.683.6332
Fax: 604.408.7499
www.ithmines.com
NR20-01 March 10, 2020
International Tower Hill Mines Announces 2020 Work Program
And Files 2019 Year-End Financial Results
Vancouver, British Columbia, March 10, 2020 – International Tower Hill Mines Ltd. (the “Company”) -
(TSX: ITH) (NYSE American: THM) today announced that the 2020 budget of $2.6 million has been
approved by the Board. The work program includes completion of the final stages of the Phase 12
metallurgical program at SGS in Vancouver, B.C. The e ngineering firm of BBA Inc. has been retained to
continue to guide the metallurgical program, with the goal of optimizing and defining the Project flowsheet.
Work is also planned to advance e nvironmental baseline efforts needed to support future permitting, as well
as to continue community engagement.
“The recent gold market strength provides an encour aging environment for our Company as we continue
work to establish the best foundation to support future development,” said Karl Hanneman, CEO. “The 11.5
million ounce gold resource at the Livengood Gold Project is in a premier jurisdiction and the project is
highly leveraged to the gold price. For example, if we assume 6.8 million ounce production over 23 years,
every $100/ounce increase in the gold price would increase project revenue NPV@5% basis by
approximately $428 million, or approximately $2.25 per current share.”
The Company also today announced that it has file d its audited Year-End Fi nancial Statements and
associated Management Discussion and Analysis (MD&A) on Form 10-K for the year ended December 31,
2019. As of December 31, 2019, the Company had working capital of $6.8 million.
Shareholders can obtain copies of the Company’s a udited Year-End Financial Statements and associated
MD&A and Form 10-K on SEDAR at: www.sedar.com, EDGAR at www.sec.gov and on the Company’s
website at: www.ithmines.com. The Company will also provide hard copies of these documents, free of
charge, to shareholders who request a copy directly from the Company.
About International Tower Hill Mines Ltd.
International Tower Hill Mines Ltd. has a 100% inter est in the Livengood Gold Project located along the
paved Elliott Highway, 70 miles north of Fairbanks, Alaska.
On behalf of
International Tower Hill Mines Ltd.
(signed) Karl L. Hanneman
Chief Executive Officer
Contact Information: Richard Solie, Jr., Manager - Investor Relations
E-mail: [email protected]
Direct line: 907-328-2825 Toll-Free: 1-855-428-2825
International Tower Hill Mines Ltd. - 2 - March 10, 2020
NR20-01 Continued
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statemen ts and forward-looking information (collectively,
"forward-looking statements") within the meaning of a pplicable Canadian and US securities legislation. All
statements, other than statements of historical fact, in cluded herein, including statements with respect to the
potential development of any mine at Livengood, production levels and the price of gold are forward-looking
statements. Although the Company believes that such statements are reasonable, it can give no assurance that
such expectations will prove to be correct. The Co mpany cautions investors that any forward-looking
statements by the Company are not guarantees of future results or performance, and that actual results may
differ materially from those in forward-looking statemen ts as a result of various factors, including, but not
limited to, the price of gold, the potential inability of the Company to raise the necessary capital or to be fully
able to implement its business strategies, and other risk s and uncertainties disclosed in the Company's annual
report on Form 10-K and other reports filed with th e United States Securities and Exchange Commission,
and certain securities commissions in Canada and other information released by the Company and filed with
the appropriate regulatory agencies. All of the Comp any's Canadian public disclosure filings may be
accessed via www.sedar.com and its United States public disclosure filings may be accessed via
www.sec.gov. Readers are urged to review these material s, including the latest technical report filed with
respect to the Livengood Gold Project.
This news release is not, and is not to be construed in any way as, an o ffer to buy or sell securities in the
United States.