VANCOUVER, June 1, 2020 /CNW/ - International Tower Hill
Mines Ltd. ("ITH" or the "Company") - (TSX: ITH, NYSE American:
THM) announces the appointment of Christopher Papagianis to the Company's board of
directors effective June 1,
2020.
Mr. Papagianis was nominated for election as a director in
accordance with an investor rights agreement with the Company's
largest shareholder, Paulson & Co. Inc. ("Paulson"), and fills
a vacancy created by the June 1
resignation of Damola Adamolekun,
the previous Paulson designee. Mr. Papagianis has been appointed to
serve as director of the Company until its next annual general
meeting.
"On behalf of the Board of Directors, I would like to thank Mr.
Adamolekun for his service and welcome Mr. Papagianis to the Board"
said Marcelo Kim, Board Chairman.
"As the Company announced on May 8,
2020 that we will be updating our NI 43-101 and advancing
the Livengood Gold Project towards future permitting, Mr.
Papagianis's public policy and regulatory experience will become a
valuable contribution to our Board."
Mr. Papagianis is a Partner at Paulson working on both public
markets and private investments and also leads the firm's
government affairs. Mr. Papagianis last served in government as
Special Assistant for Domestic and Economic Policy to President
George W. Bush. In this role, he
guided the collaborative process within the White House to develop
and implement policies, legislation, and regulations across
numerous agencies. Among other issues, Mr. Papagianis was
responsible for briefing President Bush directly on public finance,
infrastructure policy, and crisis-related financial stability
initiatives. Mr. Papagianis has also worked in the U.S. Senate as a
top policy adviser for Senator Jim
Talent (R-MO). Mr. Papagianis is a graduate of Harvard
College and also serves as a director of Midas Gold Corp.
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
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.
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SOURCE International Tower Hill Mines Ltd.