International Tower Hill Reports New High-Grade Gold Intercepts Surrounding Main Deposit at Livengood Gold Project, Alaska

 VANCOUVER, BRITISH COLUMBIA, Aug 21, 2012 (MARKETWIRE via COMTEX) -- International Tower Hill Mines Ltd. CA:ITH +5.84% (nyse mkt:THM)(nyse amex:THM)(frankfurt:IW9) ("ITH" or the "Company") announces drill results for 45 geotechnical and condemnation drill holes in the Livengood project area (Figure 1).

Assay results from four of these drill holes returned multi-gram gold intersections well outboard of the main deposit, indicating the Livengood district scale gold system has significant exploration potential (Table 1). The locations of these new gold intercepts do not impact the current conceptual plan for the locations of mining-related infrastructure contemplated in the ongoing feasibility work but they do highlight the potential for new discoveries on the Company's large 170 km2 land package.

To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/ith821i.pdf .

Jeff Pontius, ITH Interim CEO, stated, "These most recent drill results from a non-exploration directed drill program continue to show the robust nature of the Livengood gold system and potential for both new bulk tonnage and high-grade discoveries. It is clear that the Livengood gold system is a District scale gold discovery with significant future potential."

        
        Table 1: New Selected Drill Intercepts(i)
        (i) Intercepts are calculated using a 0.25g/t gold cutoff and a maximum of 3
         metres of internal waste.
        Hole ID                From (m)         To (m)     Length (m)     Gold (g/t)
        ----------------------------------------------------------------------------
        MK-12-281                 51.66          54.42           2.76           2.75
        ----------------------------------------------------------------------------
          includes                51.66          53.19           1.53           4.09
        ----------------------------------------------------------------------------
        ----------------------------------------------------------------------------
        MK-12-285                 36.70          38.71           2.01           3.47
        ----------------------------------------------------------------------------
                                  47.85          54.46           6.61           0.64
        ----------------------------------------------------------------------------
        ----------------------------------------------------------------------------
        MK-12-288                 81.38          84.43           3.05           2.48
        ----------------------------------------------------------------------------
        ----------------------------------------------------------------------------
        MK-12-290                124.82         128.63           3.81           6.91
        ----------------------------------------------------------------------------
        
To view the entire news release follow the link below:        

August 21, 2012 (Source: Marketwatch)

http://www.marketwatch.com/story/international-tower-hill-reports-new-high-grade-gold-intercepts-surrounding-main-deposit-at-livengood-gold-project-alaska-2012-08-21-8173328

Disclosure: International Tower Hill is a past Vulture Bargain Candidate of Interest. Members of the GGR team are actively tracking and may hold speculative
long positions in ITH.T or THM.