International Tower Hill Mines Files 2018 First Quarter Financial Results

1177 West Hastings Street

Suite 2300

Vancouver, BC

Canada V6E 2K3

Tel: 604.683.6332

Fax: 604.408.7499

www.ithmines.com

NR18-04 May 04, 2018

International Tower Hill Mines Files 2018

First Quarter Financial Results

Vancouver, British Columbia, May 04, 2018 – International Tower Hill Mi nes Ltd. (the “Company”) -

(TSX: ITH) (NYSE American: THM) today announced th at it has filed its unaudited first quarter Financial

Statements and associated Management Discussion and Analysis and Quarterly Report on Form 10-Q for the

three-month period ended March 31, 2018.

As of March 31, 2018, the Company had working capital of $13.0 million.

Shareholders can obtain copies of the Company’s unaudited first quarter Financial Statements and associated

Management Discussion and Analysis and Form 10-Q 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.

Stock Option Plan Burn Rate

Under rules recently adopted by the Toronto Stock Exchange, listed issuers are required to disclose the burn

rate under security based compensation arrangements on an annual basis. The annual burn rate for the

Company’s 2006 Incentive Stock Option (the “Stock Option Plan”), calculated in accordance with Section

613(p) of the TSX Company Manual, was 0.15% in fi scal 2017, 0% in fiscal 2016 and 1.84% in fiscal 2015.

The burn rate for a fiscal year is calculated by dividing the number of options granted under the Stock Option

Plan during the year by the weighted average number of common shares outstanding for such year.

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.