/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./
VANCOUVER, May 4, 2018 /CNW/ - International Tower Hill
Mines Ltd. (the "Company") - (TSX: ITH) (NYSE American: THM)
today announced that 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 fiscal 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
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SOURCE International Tower Hill Mines Ltd.