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International Tower Hill Mines Announces New Paulson Designee for Board

Corporate Updates

1177 West Hastings Street

Suite 2300

Vancouver, BC

Canada V6E 2K3

Tel: 604.683.6332

Fax: 604.408.7499

www.ithmines.com

NR20-04 June 1, 2020

International Tower Hill Mines Announces New Paulson Designee for Board

Vancouver, British Columbia, June 1, 2020 - International Tower Hill Mines Ltd. (“ITH” or the

“Company”) - (TSX: ITH, NYSE American: TH M) announces the appointment of Christopher

Papagianis to the Company’s board of directors effective June 1, 2020.

Mr. Papagianis was nominated for election as a direct or in accordance with an investor rights agreement

with the Company’s largest shareholder, Paulson & Co . Inc. (“Paulson”), and fills a vacancy created by

the June 1 resignation of Damola Adamolekun, the pr evious Paulson designee. Mr. Papagianis has been

appointed to serve as director of the Company until its next annual general meeting.

“On behalf of the Board of Directors, I would lik e to thank Mr. Adamolekun for his service and welcome

Mr. Papagianis to the Board” said Marcelo Kim, Board Chairman. “As the Company announced on May

8, 2020 that we will be updating our NI 43-101 and advancing the Livengood Gold Project towards future

permitting, Mr. Papagianis’s public policy and regulatory experience will become a valuable contribution

to our Board.”

Mr. Papagianis is a Partner at Paulson working on bo th public markets and private investments and also

leads the firm’s government affairs. Mr. Papagianis last served in government as Special Assistant for

Domestic and Economic Policy to President George W. Bush. In this role, he guided the collaborative

process within the White House to develop and implem ent policies, legislation, and regulations across

numerous agencies. Among other issues, Mr. Papagian is was responsible for briefing President Bush

directly on public finance, infrastructure policy, a nd crisis-related financial stability initiatives. Mr.

Papagianis has also worked in the U.S. Senate as a top policy adviser for Senator Jim Talent (R-MO). Mr.

Papagianis is a graduate of Harvard College and also serves as a director of Midas Gold Corp.

About International Tower Hill Mines Ltd.

International Tower Hill Mines Ltd. controls 100% of 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

This news release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United

States.