International Tower Hill Mines Files 2022 Year End Financial Results

Suite 2710 - 200 Granville Street

Vancouver, BC

Canada V6C 1S4

Tel: 604.683.6332

Fax: 604.408.7499

www.ithmines.com

NR23-01 March 8, 2023

International Tower Hill Mines Files

2022 Year End Financial Results

Vancouver, British Columbia, March 8, 2023 – International Tower Hill Mines Ltd. (the “Company”) - (TSX:

ITH) (NYSE American: THM) today announced that it has filed its audited Year-End Financial Statements

and associated Management Discussion and Analysis on Form 10-K for the year ended December 31, 2022.

As of December 31, 2022, the Company had working capital of US$4.7 million.

The Company also announced the approval of the 2023 work program that will advance the baseline

environmental data collection in critical areas of hydrology and waste rock ge ochemical characterization

needed to support future permitting, as well as advance community engagement.

Shareholders can obtain copies of the Company’s a udited 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. has a 100% interest in its 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.