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ITH.TO ·

International Tower Hill Mines Files 2016 Year End Financial Results

Financials

1177 West Hastings Street

Suite 2300

Vancouver, BC

Canada V6E 2K3

Tel: 604.683.6332

Fax: 604.408.7499

www.ithmines.com

NR17-03 March 15, 2017

International Tower Hill Mines Files 2016 Year End Financial Results

Vancouver, British Columbia, March 15, 2017 – International Tower Hill Mines Ltd. (TSX: ITH, NYSE-

MKT: THM) (“ITH” or the “Company”) today announced that is has filed its audited year-end financial

statements and associated management discussion and analysis and year-end report on Form 10-K for the

year ended December 31, 2016.

The Company’s working capital at December 31, 2016 was USD 7.6 million (after allowing for payment

of the derivative liability of USD 14.7 million in Ja nuary 2017) which is expected to allow ITH to

advance the Livengood Gold Project through 2017.

Shareholders can obtain copies of the Company’ s annual financial statements and associated

management’s discussion and analysis and Form 10-K on SEDAR at www.sedar.com, EDGAR at

www.sec.gov and on ITH’s website at www.ithmines.com. ITH 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. controls a 100% interest 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 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

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, “forward-

looking statements”) within the meaning of applicable Canadian and US securities legislation. All statements, other

than statements of historical fact, included herein, including statements with respect to the proposed use of the

proceeds of the December 2016 priv ate placement by the Company, the ab ility of the Company to carry out and

complete optimization studies with respect to the Livengood Gold Project, the potential for the results of the 2017

work program to have a positive effect on the 2016 PFS economics, and the magnitude of the anticipated effects, the

ability of the Company to advance the Livengood Gold Project, the potential development of any mine at Livengood,

business and financing plans and business trends are forward-looking st atements. Although the Company believes

that such statements are reasonable, it can give no assurance that such expectations will prove to be correct.

Forward-looking statements are typically identified by word s such as: believe, expect, an ticipate, intend, estimate,

postulate, proposed, planned, potential and similar expressions, or are those, which, by their nature, refer to future

International Tower Hill Mines Ltd. - 2 - March 15, 2017

NR17-03 Continued

events. The Company 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 statements

as a result of various factors, including, but not limited to, risks associated with the outcome of the expected

remedial de-listing review by the TSX, the use of proceeds from the December 2016 private placement, the potential

inability of the Company to raise the necessary capital or to be fully able to implement its business strategies, and

other risks and uncertainties disclosed in the Company’s annual report on Form 10-K and other reports filed with

the United States Securities and Exchange Commission (t he “SEC”), and certain securities commissions in Canada

and other information released by the Company and filed with the appropriate regulatory agencies. All of the

Company’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, and readers are urged to review these materials, including the

latest technical report filed with respect to the Company’s Livengood Gold Project.

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 or Canada.