International Tower Hill Mines Ltd. Announces Bought Deal Equity Financing


    VANCOUVER, Feb. 12 /CNW/ - International Tower Hill Mines Ltd. ("ITH" or
"the Company") - (TSXV: ITH, NYSE-A: THM, Frankfurt: IW9) is pleased to
announce that it has entered into an agreement with a syndicate of
underwriters led by Canaccord Capital Corporation and including Genuity
Capital Markets and GMP Securities L.P. ("Underwriters") to sell an aggregate
of 2,000,000 common shares of the Company ("Shares") at a price of $2.50 per
Share for gross proceeds of $5,000,000 on a bought deal basis in Canada and a
concurrent private placement in the United States to institutional accredited
investors (the "Offering"). The Company has also granted the Underwriters an
option (the "Over Allotment Option") to purchase up to an additional 2,000,000
common shares of the Company ("Over Allotment Shares") at a price of $2.50 per
Over Allotment Share to cover over allotments. The Over Allotment Option is
exercisable by the Underwriters, in whole or in part, at any time up to 48
hours before closing of the Offering.
    The Underwriters will be paid a commission in cash and non-transferrable
broker's warrants. The Offering is expected to close on or around March 4,
    Completion of the Offering is subject to the completion of satisfactory
due diligence by the Underwriters with respect to the Company, completion and
execution of a formal underwriting agreement and acceptance for filing by the
TSXV and NYSE-A on behalf of the Company.
    The Company intends to use the net proceeds for continued work on its
Livengood Gold project in Alaska, as well as further work on its other Alaskan
and Nevada mineral properties and for general working capital.

    The Offered Securities have not been and will not be registered under the
U.S. Securities Act of 1933 (the "1933 Act") and may not be offered or sold in
the United States or to, or for the account or benefit of, U.S. persons (as
defined in Regulation S under the 1933 Act) absent registration or an
applicable exemption from registration requirements. This press release shall
not constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of the Offered Securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful.

    About International Tower Hill Mines Ltd.

    International Tower Hill Mines Ltd. is a resource exploration company,
focused in Alaska and Nevada, which controls a number of exploration projects
representing a spectrum of early stage to the advanced multimillion ounce gold
discovery at Livengood. ITH is committed to building shareholder value through
new discoveries while maintaining a majority interest in its key holdings,
thereby giving its shareholders the maximum value for their investment.

    On behalf of

    (signed) Jeffrey A. Pontius

    Jeffrey A. Pontius,
    President and Chief Executive Officer

    Neither TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of this press release, which
    has been prepared by management.

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning
of Section 27A of the Securities Act and Section 27E of the Exchange Act. All
statements, other than statements of historical fact, included herein
including, without limitation, statements regarding the anticipated completion
of a bought deal financing and concurrent private placement in the US, the
potential exercise by the Underwriters of the Over Allotment Option, the
proposed closing date and the proposed use of the proceeds of the financing by
the Company, are forward-looking statements. Forward-looking statements are
typically identified by words such as: believe, expect, anticipate, intend,
estimate, postulate 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, risks associated with the timing and pricing of the financing,
pricing fluctuations in metal prices, currency fluctuations, dilution, the
volatility of the Company's common share price and volume; and tax
consequences to U.S. investors, variations in the nature, quality and quantity
of any mineral deposits that may be located, the Company's inability to obtain
any necessary permits, consents or authorizations required for its activities,
the Company's inability 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 its annual report on
Form 20-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 and its United States
public disclosure filings may be accessed via, and readers are
urged to review these materials, including the technical reports filed with
respect to the Company's mineral properties.

For further information:

For further information: Quentin Mai, Vice-President - Corporate
Communications, E-mail:, Phone: 1-888-770-7488
(toll free) or (604) 683-6332, Fax: (604) 408-7499

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