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International Tower Hill Grants Incentive Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 24, 2012) - International Tower Hill Mines Ltd. ("ITH" or the "Company") - (ITH.TO)(THM)(THM)(FRANKFURT:IW9) announces that, pursuant to its 2006 Incentive Stock Option Plan, it has granted options to purchase up to 4,700,000 common shares to directors, officers, employees and consultants. The options are exercisable at a price of $3.17 per share for a period of 5 years ending on August 24, 2017 and vest as to 1/3 on August 24, 2012, a further 1/3 on August 24, 2013 and the balance on August 24, 2014.

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 a compelling potential development scenario.

On behalf of International Tower Hill Mines Ltd.

Jeffrey A. Pontius, Interim Chief Executive Officer


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.