Mr. Karl Hanneman reports

INTERNATIONAL TOWER HILL MINES FILES 2023 YEAR END FINANCIAL RESULTS

International Tower Hill Mines Ltd. has filed its audited year-end financial statements and associated management discussion and analysis on Form 10-K for the year ended Dec. 31, 2023.

The company also announced the approval of the 2024 work program. This work will focus on community engagement, as well as advance the baseline environmental data collection in critical areas of hydrology and waste rock geochemical characterization needed to support future permitting.

On Jan. 22, 2024, the company announced that it had completed a non-brokered private placement pursuant to which it issued common shares to existing major shareholders to raise gross proceeds of approximately $2.5-million (U.S.). The private placement consisted of 3,807,911 common shares of the company at a price of 66.4 U.S. cents per common share.

Shareholders can obtain copies of the company's audited year-end financial statements and associated management discussion and analysis and Form 10-K on SEDAR+, EDGAR and on the company's website. 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 has a 100-per-cent interest in its Livengood gold project located along the paved Elliott Highway, 70 miles north of Fairbanks, Alaska.