Tocqueville Asset Management, L.P. Announces Acquisition of Common Shares of
International Tower Hill Mines Ltd.

TORONTO, June 14 /CNW/ - Tocqueville Asset Management, L.P. (the "Offeror"), the investment advisor of a number of investment funds and managed accounts of private clients and institutional groups (collectively, the "Accounts"), announces that on March 19, 2010, the Offeror, on behalf of one or more Accounts, acquired an aggregate of 1,666,666 common shares ("Common Shares") of International Tower Hill Mines Ltd. (the "Issuer") directly from the Issuer pursuant to a private placement offering at a price of CAD $6.00 per Common Share. This acquisition represented 2.76% of the issued and outstanding Common Shares as at March 19, 2010. Previously, on May 10, 2008, the Offeror, on behalf of one or more Accounts, acquired an aggregate of 3,995,000 Common Shares directly from the Issuer pursuant to a private placement offering at a price of $1.35 per Common Share. This prior acquisition represented 10.07% of the issued and outstanding Common Shares as at May 10, 2008.

Immediately after the completion of the private placement offering on March 19, 2010, the Offeror, on behalf of one or more Accounts, had authority to exercise control or direction over an aggregate of 6,709,995 Common Shares, representing 11.10% of the issued and outstanding Common Shares as at March 19, 2010.

The Offeror, on behalf of one or more Accounts, made several acquisitions and dispositions of Common Shares on the open market through the facilities of the Toronto Stock Exchange after the completion of the private placement offering on March 19, 2010 which gave rise to the reporting obligation. After giving effect to all acquisitions and dispositions of Common Shares up to June 11, 2010, the Offeror, on behalf of one or more Accounts, now has authority to exercise control or direction over an aggregate of 8,011,662 Common Shares, representing 12.10% of the issued and outstanding Common Shares as at June 11, 2010.

The Common Shares acquired by the Offeror, on behalf of one or more of the Accounts, are held for investment purposes. These investments will be reviewed on a continuing basis by the Offeror and such holdings may be increased or decreased in the future. The Offeror, on behalf of one or more of the Accounts, may in the future acquire or dispose of the Common Shares and other securities of the Issuer through the open market, privately or otherwise, as circumstances or market conditions warrant.

The Offeror has filed an early warning report pursuant to National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues describing the above transaction with applicable securities regulatory authorities, a copy of which shall be sent promptly to anyone who requests it from the representative of the Offeror noted below. However, the Offeror did not issue a press release or file an early warning report as required by applicable Canadian securities legislation in respect of the acquisition of the 3,995,000 Common Shares on May 10, 2008. The Offeror has reported this to applicable securities regulatory authorities.

SOURCE TOCQUEVILLE ASSET MANAGEMENT, L.P.

For further information: For further information: Roger C. Cotta, Chief Operating Officer, Tocqueville Asset Management, L.P., 40 West 57th Street, 19th Floor, New York, New York, 10019, U.S.A., Telephone: (212) 698-0800

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TOCQUEVILLE ASSET MANAGEMENT, L.P.

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