International Tower Hill Mines Appoints Jonathan Berg to Board of Directors
January 11 2012 - 9:30AM
Marketwired
International Tower Hill Mines Ltd. ("ITH" or the "Company") -
(TSX:ITH) (NYSE Amex:THM) (FRANKFURT:IW9) announces the addition of
Jonathan A. Berg to its Board of Directors, effective January 10,
2012. The appointment of Mr. Berg increases the number of directors
on the ITH board from eight to nine.
Mr. Berg has over 36 years of experience in finance and
investments. Currently, he is a member of the board of directors,
chairman of the compensation committee and member of the audit
committee at Scorpio Mining Corporation. Previously, Mr. Berg was a
member of the board of directors and non-executive chairman at
Colombia Goldfields from March 2007 to October 2009 when Colombia
merged into Medoro Resources. From 2005 to 2010, he was the
vice-president, finance, of PeriCor Therapeutics Inc. where he was
responsible for various medical support and business activities of
the company. Formerly, Mr. Berg was president, chief information
officer and founder of Berg Capital Corp., a registered investment
adviser based in New York, where he was involved with the start-up
of several companies; acted as a consultant on finance and
corporate structure; and assisted in the financing of early-stage
companies in the fields of energy, technology, health care and
consumer electronics. Prior to Berg Capital, he held positions as
vice-president/portfolio manager with Oppenheimer Capital Corp. and
Standard & Poor's InterCapital. He holds a Bachelors of Science
from the University of California at Berkeley and an MBA from the
Wharton School of Finance at the University of Pennsylvania.
"On behalf of my fellow directors, I am pleased to welcome
Jonathan to the ITH Board," stated James Komadina, Chief Executive
Officer of ITH. "His extensive experience in finance and corporate
structure will be an asset to the board as we advance the Livengood
project through permitting and development into a major new gold
mine in North America."
About International Tower Hill Mines Ltd.
International Tower Hill Mines Ltd. controls a 100% interest in
the world-class Livengood Gold Project accessible by paved highway
70 miles north of Fairbanks, Alaska. In 2012 ITH is focused on the
rapid advancement of the Livengood project into an operating mine
while it continues to expand its current resource and explore its
145 km2 district for new deposits.
On behalf of International Tower Hill Mines Ltd.
James J. Komadina, 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 discovery and
exploitation of any placer deposits in the vicinity of the
Livengood deposit, the potential for a production decision to be
made in respect of the Livengood Project and/or any placer deposits
in the vicinity of the Livengood Deposit, the potential for any
production at the Livengood project and/or any placer deposits in
the vicinity of the Livengood Project, and 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 40-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.
NR12-03
Contacts: 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.comwww.ithmines.com
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