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International Tower Hill Mines Appoints James Komadina as New Chief Executive Officer
Published : May 10, 2011
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 10, 2011) - International Tower Hill Mines Ltd. ("ITH" or the "Company") (News - Market indicators)(NYSE Amex:THM)(FRANKFURT:IW9) is pleased to announce the appointment of Mr. James J. Komadina as the Company's new Chief Executive Officer and as a director, effective June 1, 2011. He will be stepping into the role currently held by Jeff Pontius, who will move to the Company's board of directors. Mr. Komadina has 32 years of diverse natural resource experience in project development, construction and operations, having held senior management positions with major gold producers including Gold Fields, AngloGold and Newmont.

Most recently, Mr. Komadina was the President and Chief Operating Officer of Brazauro Resources, a Canadian resource company with operations in Brazil, where he was responsible for all exploration, development and operational activities until the company was acquired in July 2010 by Eldorado Gold at a 92% premium to the market price. Other experience includes his role as the Senior Vice President, Development Projects for Gold Fields where he led the development and construction of the $430 Million Cerro Corona project in Peru. From 1999 to 2003, he was the President and Chief Executive Officer, North America, for AngloGold Limited where he was responsible for all regional business activities. From 1992 to 1999, he held various senior positions with Minorco/AngloGold North America, including Executive VP and COO responsible for operations producing approximately 500,000 ounces per year as well as associated reserve and capital programs including the development and operation of the Cripple Creek Mine in Colorado. Prior to that, he was the VP Operations Planning for Newmont Gold Company directing various Nevada expansion projects and assessing merger opportunities. Mr. Komadina holds a Bachelor of Science degree in Metallurgical Engineering from the University of Arizona, a Master of Business Administration from the University of Phoenix and completed the Advanced Management Program at the Wharton School of Business.

Jeff Pontius, outgoing Chief Executive Officer of ITH, states: "The appointment of Jim Komadina as the new CEO of International Tower Hill Mines marks an historic transition for the Company as we advance towards becoming a North American mid-tier gold producer. Jim's exceptional large project design and operations experience at multiple major gold projects, along with his corporate merger and acquisitions experience, ideally positions him to lead our Company to its next level of growth."

James Komadina, incoming Chief Executive Officer, states: "I am very pleased to be joining such a dynamic and well positioned team at ITH with a truly world-class gold project at Livengood. I look forward to developing a major new North American gold project as well as leading the Company to its next level of success. I see a number of opportunities to grow and develop both the Livengood project and the Company as a whole and will be focused on building value for ITH shareholders." 

Henk Van Alphen, Chairman of ITH, states: "In addition to our excitement on having Mr. Komadina join ITH, the board would like to thank Jeff Pontius for his exceptional effort in the formation and advancement of the Company to where it is today. Jeff's skill at defining and developing yet another major world-class gold discovery has brought our shareholders tremendous value and we look forward to his counsel on the board and continued involvement in advancing and expanding the Livengood exploration program."

Grant of Incentive Stock Options

The Company also announces that, pursuant to its 2009 Incentive Stock Option Plan, it has granted Mr. Komadina incentive stock options to purchase 1,000,000 common shares in the capital stock of the Company. The options are exercisable on or before May 9, 2016 at a price of CAD 8.35 per share and will vest as to 333,333 shares upon grant, as to 333,333 shares on May 9, 2012 and as to the balance on May 9, 2013.

About International Tower Hill Mines Ltd.

International Tower Hill Mines controls a 100% interest in the world-class Livengood Gold Project accessible by paved highway 70 miles north of Fairbanks, Alaska. The Company is focused on the rapid advancement of the project into a compelling potential development project in 2011 while it continues to expand its current resource and explore a land package spanning 145 km2 for new deposits.

On behalf of International Tower Hill Mines Ltd.

Jeffrey A. Pontius, Chief Executive Officer

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, the potential for the expansion of the estimated resources at Livengood, the potential for any production at the Livengood project, the potential for the Company to become a mid-tier gold producer, business and financing plans and business trends, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, the Company's inability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks and uncertainties disclosed in the Company's Annual Information Form filed with certain securities commissions in Canada and the Company's annual report on Form 20-F filed with the United States Securities and Exchange Commission (the "SEC"), and other information released by the Company and filed with the appropriate regulatory agencies. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and its United States public disclosure filings may be accessed via www.sec.gov, and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

NR11-08



International Tower Hill Mines Ltd.
Shirley Zhou
Vice-President - Corporate Communications
1-888-770-7488 (toll free) or (604) 638-3247
(604) 408-7499 (FAX)
szhou@ithmines.com
www.ithmines.com
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Intl. Tower Hill Mines

EN DÉVELOPPEMENT
CODE : ITH.TO
ISIN : CA46051L1040
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Intl. Tower Hill est une société développant des projet miniers d'or basée au Canada.

Intl. Tower Hill est en développement de projets d'or et d'argent en USA, et détient divers projets d'exploration en USA.

Son principal projet en développement est LIVENGOOD en USA et ses principaux projets en exploration sont BMP, PAINTED HILLS et COFFE DOME en USA.

Intl. Tower Hill est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 418,5 millions CA$ (307,4 millions US$, 269,6 millions €).

La valeur de son action a atteint son plus bas niveau récent le 29 avril 2005 à 0,25 CA$, et son plus haut niveau récent le 25 février 2011 à 9,99 CA$.

Intl. Tower Hill possède 162 190 000 actions en circulation.

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Financements de Intl. Tower Hill Mines
18/09/2012International Tower Hill Closes Second Tranche of Non-Broker...
19/07/2012International Tower Hill Increases Non-Brokered Private Plac...
12/07/2012International Tower Hill Announces Up To $25,000,000 Non-Bro...
17/02/2011International Tower Hill Receives Share Ownership Top-Up Not...
07/04/2010 Closes Final Tranche of CAD 30,000,000 Non-Brokered Equity ...
16/03/2010CAD 30,000,000 Non-Brokered Equity Financing
26/08/2009Closes AngloGold Ashanti Top Up Private Placement
05/03/2009Closes $10,500,000 Bought Deal Equity Financing
17/02/2009Increase in Bought Deal Equity Financing
12/02/2009 Announces Bought Deal Equity Financing
Attributions d'options de Intl. Tower Hill Mines
24/08/2012International Tower Hill Grants Incentive Options
Nominations de Intl. Tower Hill Mines
30/01/2013International Tower Hill Announces Resignation of a Director
09/01/2012International Tower Hill Mines Names Thomas E. Irwin as New ...
14/04/2010Appointment of Timothy Haddon and Daniel Carriere as new Dir...
Rapports Financiers de Intl. Tower Hill Mines
15/08/2012International Tower Hill Files 2012 Second Quarter Financial...
11/05/2012International Tower Hill Files 2012 First Quarter Financial ...
Projets de Intl. Tower Hill Mines
23/07/2013(Livengood)International Tower Hill Mines Announces Livengood Gold Proj...
07/11/2012(Livengood)International Tower Hill Provides an Update on the Livengood...
19/06/2012(Livengood)International Tower Hill Mines Announces Update on the Liven...
26/01/2012(Livengood)International Tower Hill Mines Selects Engineering Firms for...
14/12/2011(Livengood)International Tower Hill Mines Acquires Mining Claims Near L...
09/06/2011(Livengood)International Tower Hill Mines Intersects 92.9 Metres of 1.6...
03/05/2011(Livengood)International Tower Hill Mines Intersects 33.5 Metres of 8.0...
30/03/2011(Livengood)International Tower Hill Mines Intersects Additional Zones o...
15/03/2011(Livengood)International Tower Hill Mines Hires Construction Manager fo...
05/02/2011(Livengood)International Tower Hill Intersects 13.7 metres of 5.45 g/t ...
16/06/2010(Livengood)Announces Resource Update, Livengood Gold Project, Alaska
11/05/2010(Livengood)Continues to Grow New High-Grade SW Zone, Livengood Project
26/04/2010(Livengood)Expands Higher Grade SW and Sunshine Zones at Livengood Proj...
22/03/2010(Livengood)Expands Livengood Deposit with First Results of Winter Drill...
10/03/2010(Livengood)Increases Indicated Resources at Livengood Gold Project
08/03/2010(Livengood)Announces Key Positive Metallurgical Test Results for Liveng...
04/03/2010(Terra) Signs LOI to Form Production Joint Venture on Terra Project
04/02/2010(Livengood)Begins 50,000 Metre 2010 Exploration Drill Program at Liveng...
04/12/2009Coffee Dome Drilling Intersects Gold System 17Km East of For...
30/11/2009(Livengood)Positive Preliminary Economic Assessment Results
12/11/2009(Livengood) Continues to Expand Livengood Gold Project, Alaska
05/11/2009(Chisna)Reaches JV Agreement on Chisna Copper
02/11/2009(Livengood)Continues to Expand the Livengood Gold Project
30/09/2009(Livengood)Expands the Sunshine Zone at Livengood
09/09/2009(Livengood)Latest Drill Results From Livengood Gold Project, Alaska
02/09/2009(Coffe Dome)Begins Drilling at Coffee Dome Project, Alaska
04/08/2009(North Bullfrog)Signs Agreement to Acquire 100% Interest in North Bullfrog
05/08/2009(Livengood)Delineates Major New Zone of Gold Mineralization at Livengoo...
26/06/2009(Livengood)Resource Update at Livengood, Alaska
10/06/2009(Livengood)Livengood Gold Project, Alaska Summer Drilling Program Comme...
10/03/2009(Livengood)Doubles Planned 2009 Drill Program for Livengood Gold Projec...
02/03/2009(Livengood)First Two Holes of 2009 Winter Drill Program
09/02/2009(Livengood)Livengood Gold Project, Alaska Winter Drilling Program Comme...
Communiqués de Presse de Intl. Tower Hill Mines
06/05/2016International Tower reports 1Q loss
16/03/2016International Tower reports 4Q loss
30/10/2015International Tower Hill Mines Files 2015 Third Quarter Fina...
06/08/2015International Tower reports 2Q loss
06/08/2015International Tower Hill Mines Files 2015 Second Quarter Fin...
26/03/2015International Tower Hill Mines Appoints Karl Hanneman as Chi...
11/03/2015International Tower Hill Mines Files 2014 Year End Financial...
06/01/2015International Tower Hill Mines Announces Progress on Livengo...
18/12/2014International Tower Hill Mines Announces Management Change
24/11/2014International Tower Hill Mines Announces CAD 8.4 Million Non...
05/11/2014International Tower Hill Mines Files 2014 Third Quarter Fina...
07/08/2014International Tower Hill Mines Files 2014 Second Quarter Fin...
07/08/2014International Tower Hill Mines Files 2014 Second Quarter Fin...
07/05/2014International Tower Hill Mines Files First Quarter 2014 Fina...
09/09/2013(Livengood)International Tower Hill Mines Files NI 43-101 Technical Rep...
08/08/2013International Tower Hill Mines Announces Addition to the Boa...
31/07/2013International Tower Hill Mines Files 2013 Second Quarter Fin...
07/06/2013International Tower Hill Mines Announces Results from Annual...
09/05/2013International Tower Hill Mines Files 2013 First Quarter Fina...
24/04/2013International Tower Hill Mines Comments on Recent Gold Marke...
13/03/2013International Tower Hill Mines Announces Corporate Update an...
11/12/2012(Livengood)International Tower Hill Announces Positive Metallurgical Te...
21/08/2012International Tower Hill Reports New High-Grade Gold Interce...
02/08/2012International Tower Hill Mines Announces New Manager of Inve...
29/06/2012International Tower Hill Mines Announces Interim Chief Execu...
04/04/2012International Tower Hill Recognizes Alaska Progress Made Tow...
21/03/2012International Tower Hill Mines Files Audited Annual Financia...
06/03/2012(Livengood)International Tower Hill Mines Validates Resource Estimate a...
27/02/2012International Tower Hill Mines Reports Historical Resource o...
16/01/2012International Tower Hill Mines Changes Fiscal Year End
04/01/2012International Tower Hill Mines Grants Options
20/12/2011International Tower Hill Mines Appoints Robert D. Comer as I...
29/08/2011International Tower Hill Mines Files 2011 Audited Annual Fin...
23/08/2011International Tower Hill Announces Surface Mine Measured & I...
16/08/2011International Tower Hill Mines Appoints Harold Galbriath as ...
28/07/2011International Tower Hill Mines Grants Stock Options
10/05/2011International Tower Hill Mines Appoints James Komadina as Ne...
06/05/2010 Signs Key Exploration Agreement with Ahtna
11/02/2010Receives Share Ownership Top-up Notice from AngloGold Ashant...
12/01/2010Hires Chief Operating Officer
26/11/2009to Begin Trading on Toronto Stock Exchange
18/11/2009Receives Conditional Toronto Stock Exchange Listing Approval
13/10/2009Expands Livengood Gold Resource by 64%
10/07/2009Receives Share Ownership Top-up Notice from AngloGold Ashant...
03/07/2009Retains Renmark Financial Communications Inc.
20/05/2009Receives Proceeds of $23,114,288 from Warrant/Broker Option ...
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