International Tower Hill Appoints Don Ewigleben as New Chief Executive Officer
September 20 2012 - 9:15AM
Marketwired
International Tower Hill Mines Ltd. ("ITH" or the "Company") -
(TSX:ITH)(NYSE Amex:THM)(NYSE MKT:THM)(FRANKFURT:IW9) is pleased to
announce the appointment of Mr. Donald C. Ewigleben as President
and Chief Executive Officer effective September 19, 2012. Mr.
Ewigleben has been serving as the Company's Chairman of the Board
since November 2011. He will be stepping into the role currently
held by Jeffrey Pontius, who was appointed Interim-CEO on June 29,
2012.
Mr. Ewigleben has over 35 years of experience in the mining
industry, having held senior positions at large international
producers and smaller public companies with exploration and
development projects. His career has included roles overseeing
mergers & acquisitions, legal, regulatory, environmental and
government affairs, including multiple projects in Alaska. Most
recently he was President, Chief Executive Officer and Director of
Uranium Resources Inc. (URI), a publicly traded uranium producer.
Prior to joining URI in September 2009, he served as President and
Chief Executive Officer of AngloGold Ashanti North America and held
executive positions with AngloGold Ashanti Ltd. in North America
and in Johannesburg, South Africa. Prior to joining AngloGold in
2000, he was the Vice President, Environmental and Public Affairs,
for Echo Bay Mines Ltd. and was responsible for the management and
permitting of the AJ and Kensington projects in Alaska. Mr.
Ewigleben began his career with AMAX Coal in Washington, DC and
later as Vice President Environmental & Governmental Affairs
for AMAX Gold was intimately involved with the permitting and
development of the Fort Knox deposit 60 miles to the southeast of
the Livengood deposit.
Mr. Ewigleben has been replaced as the Company's Chairman by
Daniel Carriere, a non-executive director, who has been a board
member since April 2010.
Don Ewigleben incoming Chief Executive Officer, states: "I am
very excited to assume the role of CEO of ITH. With the benefit of
my long history with the Livengood project dating back to 2003 and
my past association with the development of the Fort Knox project,
I am confident Alaska is one of the best mining jurisdictions in
the world and I believe in Livengood as a world-class multi-million
ounce gold project. With Tom Irwin, ITH's VP - Alaska and our
strong development and permitting team in place, I believe we are
uniquely positioned to move Livengood forward towards
production."
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.
On behalf of
International Tower Hill Mines Ltd.
Donald C. Ewigleben, President & 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 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, proposed, planned, potential 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 inability of the Company to obtain any necessary
permits, consents or authorizations required for its activities,
the inability of the Company 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 Livengood
property.
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.
NR12-27
Contacts: International Tower Hill Mines Ltd. Michelle Stachnik,
Manager - Investor Relations Direct line: 720-881-7646 Ext. 203
Toll-Free: 1-855-208-4642 Ext. 203mstachnik@ithmines.com
www.ithmines.com
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