International Tower Hill Mines is focused on the exploration and development of the world-class, 100% controlled Livengood Gold Project located 70 miles north of Fairbanks, Alaska.  The project currently hosts 13.3 million ounces of gold in 501 million tonnes of ore averaging 0.83 grams per tonne.  Led by a team of mining experts from AngloGold, Teck and Kinross, ITH is committed to advancing the Livengood project into Alaska’s next major gold mine.  In 2011, ITH is completing an updated Preliminary Economic Assessment, a Prefeasibility Study and drilling 55,000 metres to expand the current resource and explore the 145 km2 Livengood district for new gold deposits.

Livengood, Alaska

The Livengood project is now in transition from an exploration project to undertaking a Pre-feasibility Study. As part of this shift to prefeasibility assessment, a Preliminary Assessment ("PA") was performed to evaluate preliminary project concepts including possible mineralization processing methods, estimates of capital and operating costs, and preliminary pit design scenarios, with respect to the resource estimate prepared on data to May 31, 2010 and reported in a previous technical report released in June, 2010.

Field investigations at the Livengood property continue, with a total of 7 drilling rigs working at the site during the Summer 2010 Program. The focus of the work has been expanded to include environmental baseline data collection, geotechnical data collection for design, site alternative assessment for project infrastructure location and groundwater hydrogeological testing in support of the Pre-feasibility Study. Drilling activities have been expanded to include district exploration and site condemnation, as well as continuing the resource definition and infill drilling at Money Knob. The geologic database supporting the Livengood Report is the 434 diamond and reverse circulation holes that had been drilled on the property to May 31, 2010, and provided the basis for reporting an in-situ gold resource estimated and presented in the June 2010 technical report.

The Livengood property is located approximately 115 km northwest of Fairbanks, Alaska in the Tolovana mining district within the Tintina Gold Belt. The project area is centered on a local high point named Money Knob. This feature and the adjoining ridge lines have been considered by many to be the lode gold source for the Livengood placer deposits which lie in the adjacent valley to the north where they have been actively mined since 1914 with production of more than 500,000 ounces of gold.

The Company controls 100% of its ~125 square kilometre Livengood land package, which is made up of 115 Alaska State mining claims, fee simple land leased from the Alaska Mental Health Land Trust, and four leases with private holders of state and federal patented and unpatented mining and placer claims.

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Donald C. Ewigleben, CEO, President & Director

Tom S.Q. Yip, CFO

Tom Irwin, Vice President, Alaska

Marla K. Ritchie, Corporate Secretary

Daniel Carriere, Chairman

Jonathan Berg, Director

Anton J. Drescher, Director

Timothy Haddon, Director

Mark Hamilton, Director

Jeffrey A. Pontius, Director

Roger R. Taplin, Director

Alaska Development Team

Karl Hanneman, Alaska General Manager

Mr. Hanneman has over 30 years of Alaska-based mining industry experience and most recently played a key role on the team that worked to resolve the permit issues at the Red Dog Mine, and previously held a lead role in the development and permitting of the Pogo Gold Mine, both in Alaska.

Prior to joining International Tower Hill Mines, Mr. Hanneman spent 12 years with Teck Resources Limited primarily focused on project development and permitting in Alaska. From 1998 to 2004, he served as Alaska Regional Manager during the exploration, development, and permitting of the Pogo Gold Mine and most recently was Director, Corporate Affairs, serving as the senior corporate representative in Alaska for Teck, providing strategic guidance on governmental, regulatory, permitting, and community issues related to the Red Dog Mine. Mr. Hanneman has led or participated in a number of industry and State of Alaska sponsored organizations, including: Alaska Minerals Commission, Council of Alaska Producers, Resource Development Council and the Alaska Miners Association.

Mr. Hanneman holds a BSc. (Honors) degree in Mining Engineering from the University of Alaska.

Allen R. Thabit, Manager of Engineering

Mr. Thabit has over 33 years of experience in project engineering, construction, maintenance and project management. He is the president of Jade Diamond Consulting Inc., which has provided consulting services to the mining and petrochemical industries since 2001. Prior to that, he was the President of Garfield Steel and Machine, Inc. which also consulted to the mining and petrochemical industries. Among the projects that he has consulted on are Kennecott’s Utah Copper-MAP project, IAMGOLD’s Rosebel gold mine in Suriname, Anglo Nevada Metals Corporation’s Taylor silver project, Alacer Gold Corp’s Copler project in Turkey, Goldfields Peru’s Cerro Corona project, and the AngloGold Ashanti’s Cripple Creek & Victor mine.

Mr. Thabit was a Project Manager/Senior Project Engineer and Mill Maintenance Superintendent for Newmont Gold Company where he was responsible for engineering design, construction and maintenance of process facilities. He was the Maintenance Manager of the Atlas Plant for Atlas Powder Company responsible for the total maintenance function in a large industrial complex manufacturing chemicals and explosives. He served as Project Engineer for the 36,000 TPD Fort Knox gold project. He then worked as Pre-Commissioning/Start-Up Manager for the Fort Knox project. He has served as Maintenance, Construction, Project Engineer and Project Manager for numerous mining projects encompassing gold, silver, copper and molybdenum minerals.

Mr. Thabit has a Bachelor of Science degree in Mechanical Engineering from the Polytechnic Institute of Brooklyn, New York.

Chris Puchner, Chief Geologist 

Mr. Puchner has 30 years of North American exploration experience focusing on resource and mine development in Alaska, the western US and Mexico. As Vice-President of Exploration he managed the initial development work on the Nixon Fork Gold mine in Alaska as well as led a mineral potential assessment effort for Doyon Alaska Native Corp. on their Alaska mineral lands. Doyon is the largest private landholder in the state. Prior to this work, Mr. Puchner was a consulting geologist to Cook Inlet Region, Inc. (CIRI) and Bering Straits Native Corp, (BSNC), both regional Alaska Native corporations; and a Staff Geologist for the Anaconda Company.

Mr. Puchner graduated Summa Cum Laude from Dartmouth College with a BA in Geology. He is a “Certified Professional Geologist”, American Institute of Professional Geologists, and a Licensed Geologist in Alaska.

Keith Malone, Manager of Technical Services

Mr. Malone has 28 years of experience in mine management, most recently as Mine Superintendent with Sumitomo group at the Pogo mine, Alaska's second largest gold mine located 150 kilometers southeast of Fairbanks, Alaska. Mr. Malone has been with the Pogo project for the past 6 years during its planning, construction and operation and has extensive experience in the mining and processing side of project development. Prior to his involvement with the Pogo project, Mr. Malone worked for 5 years as Mill Superintendent for Teck Resources at the Red Dog mine in western Alaska.

Prior experience includes Mine Manager for Young Mine ASARCO and Mine Superintendent, Teck Resources Ltd., at the Snip Mine, Sullivan Mine and the Magmont Mine.

Mr. Malone has a B.S. in Mining Engineering from the University of Missouri – Rolla.

Denise Herzog, Manager of Environmental Affairs

Ms. Herzog has 25 years of extensive project experience in mining and environmental engineering in Alaska. Her work experience started with the U.S. Bureau of Mines, Alaska Field Operations Center as a Mining Engineer and the U.S. Bureau of Land Management, Fairbanks District Office as the Supervisory Mining Engineer. Her work transitioned into developing the environmental baseline monitoring program at the Teck-Pogo Project.

Additionally Ms. Herzog has provided environmental engineering and permitting support to the following projects: Donlin Creek, Pebble, Lucky Shot, Nixon Fork, MAN Alaska, and True North.

Ms. Herzog holds a M.S. and B.S. degree in Geological Engineering from the University of Alaska - Fairbanks. Her M.S. paper was on “Permitting Considerations for Alaska Mining Projects”. 

Debbie Evans, Controller

Ms. Evans has 20 years of experience in the mine controller and mine accounting positions. Prior to joining International Tower Hill Mines, Ms. Evans was the Mines Controller for the Kensington Mine operated by Coeur Alaska Inc. Prior to Kensington, Ms. Evans was the Controller at the Fort Knox Mine, Chief Accountant for the East Boulder Mine in Big Timber Montana and previously held senior accounting positions at the Stillwater, Round Mountain and ASARCO Mines.

Ms. Evans has a B.Sc. Business Management Degree from Lewis Clark State College, Lewiston, Idaho and is working towards a Master’s degree.

Rick Solie, Manager of Community & Government Relations

Mr. Solie has over 25 years of government and public affairs experience throughout Alaska in oil and gas, healthcare and government sectors. Most recently, he worked as Director of Alaska Government & Community Affairs for Denali – the Alaska Gas Pipeline a joint venture of ConocoPhillips and BP. Prior to that Mr. Solie was employed by ConocoPhillips where he managed the Fairbanks regional office as Director of Government and Community Relations since 2000. He also has government and public affairs experience including the Alaska Legislature and Fairbanks memorial Hospital.

Mr. Solie has a Bachelor of Arts in Economics from the University of Alaska. He is active in various community organizations, including Fairbanks and State chambers of Commerce, Resource Development Council, the Alaska Miners’ Association, the Council of Alaska Producers, and Radiant Church. Rick serves on the Board of the Alaska Humanities Forum and the Operations and Finance Committee of the American Heart Association-Western States Affiliate. He previously served two terms on the Fairbanks North Star Borough Assembly and was twice the Presiding Officer.

Steve Newkirk, Livengood Site Manager – Senior Project Geologist

Mr. Newkirk has 30 years of experience in the exploration and mining industry, most recently as Senior Exploration Geologist with Alaska Earth Sciences on the Chisna porphyry copper gold project in central Alaska and as Exploration Manager at Sumitomo’s Pogo Mine, Alaska’s top producing gold mine located 150 kilometers southeast of Fairbanks. Mr. Newkirk has been engaged in exploration and development work on projects in North and South America and Australia, including the Nixon Fork Mine and Greens Creek Mine in Alaska, and the Cerro Negro Mine in Chile. Mr. Newkirk has played pivotal roles in the discovery of gold deposits in Nevada, California, and Alaska, most recently the East Deep ore zone at the Pogo Mine.

Mr. Newkirk’s prior experience includes senior positions in exploration with Cominco Alaska Exploration, Kennecott Copper, Phelps Dodge, Nerco Minerals, and Resource Associates of Alaska. He has also been engaged in consulting activities in Alaska, Arizona, Nevada, and California.

Mr. Newkirk holds a B.S. in Geology (Cum Laude) from Humboldt State University (California) and an M.S. in Geology from Southern Methodist University (Dallas). He has also been engaged in post-graduate research and teaching at the University of Arizona and the University of Memphis.

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