International Tower Hill Mines Files 2017 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

NR18-02 March 16, 2018

International Tower Hill Mines Files 2017 Year End Financial Results

Vancouver, British Columbia, March 16, 2018 – International Tower Hill Mines Ltd. (the “Company”) -

(TSX: ITH) (NYSE-AMERICAN: THM) today announced that it has file d its audited Year-End Financial

Statements and associated Management Discussion and Analysis (MD&A) on Form 10-K for the year ended

December 31, 2017.

As of December 31, 2017, the Company had working capital of $2.0 million.

As reported on March 14, 2018, the Company comple ted a non-brokered private placement on March 13,

2018 pursuant to which it issued 24,000,000 common sh ares at $0.50 per share for gross proceeds of $12.0

million. The Company intends to use the funds for c ontinuation of optimization studies to further improve

and de-risk the Project, required environmental baseline studies, and for general working capital purposes.

Shareholders can obtain copies of the Company’s aud ited Year End Financial Statements and associated

Management Discussion and Analysis 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. 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 o ffer to buy or sell securities in the

United States.