#Canada #Vancouver #International Tower Hill #Livengood Gold Project #David Wiens

International Tower Hill Mines Limited Financial and Corporate Update for Q3 2026

International Tower Hill Mines Ltd. (the Company), trading on TSX: ITH and NYSE American: THM, has recently disclosed its unaudited financial results for the third quarter of 2026. Alongside these results, the company provided an extensive update on the advancements occurring within its Livengood Gold Project, highlighting significant achievements under a newly appointed management team.

Corporate Overview

On November 10, 2026, the company's CEO, David Wiens, and President and COO, Shane Parrow, announced their participation in a live investor webinar scheduled for November 12 at 2 PM Eastern Time. Those interested in joining and gathering insights about the company's recent activities can register through the provided online link.

With a robust financial backing of over $106 million in cash and short-term investments as of the third quarter, International Tower Hill Mines is well-positioned to complete its planned Feasibility Study and further advance permitting initiatives for the Livengood project, anticipated in the coming years.

Livengood Project Progress

David Wiens emphasized the seamless progress of the Livengood project across various fronts. The company has embarked on Phase 1 of the feasibility study, which includes several critical components:

• - Core drilling campaign aimed at validating metallurgical testing
• - Comprehensive review of existing technical data
• - Project scale analysis to inform geotechnical drilling
• - Developing a well-structured execution plan and budget for completion of the study

Several prestigious consulting firms, including BBA Consultants USA LLP, Hatch Ltd., and others, are spearheading this expansive scope of work. Moreover, a successful drill campaign was achieved this summer, obtaining approximately 6,000 meters of PQ core, which will support the metallurgical test work slated for Q1 2027.

Environmental Considerations

A thorough data gap analysis was completed, validating historical hydrogeological and geotechnical data and utilizing nearly 18 years of environmental baseline work as a groundwork. Future baseline analyses will be crucial in supporting effective environmental mitigation strategies during project design. As analyzed in Phase 1, there is potential for larger throughput scenarios based on the current gold price environment compared to the 2023 Pre-Feasibility Study.

Upcoming Directions

The company plans to identify project scale during Phase 2 while considering a phased approach to minimize upfront capital expenditures. This phase will also assist in shaping the geotechnical drilling program scheduled for Q1 2027 to facilitate future infrastructure planning.

In light of preliminary analyses, there’s an intention for Phase 2 to center on flowsheet alternatives that maximize gold recovery, potentially eliminating the need for pressure oxidation—thereby reducing capital intensity in processing technologies.

Financial Results

Shareholders and interested investors can find copies of the unaudited financial statements along with the Management Discussion and Analysis and Form 10-Q on respective platforms like SEDAR+ and EDGAR, as well as on the company's official website. Additionally, hard copies are readily obtainable by request.

A comprehensive execution plan is underway to conclude the study while initiating Phase 2 by Q1 2027. The company is also gearing up for a mineral resource update, reflecting increased gold prices since the last update effective August 20, 2021. Further details will be elaborated during the upcoming investor webinar.

In summary, International Tower Hill Mines Ltd. continues to make strides in advancing the Livengood Gold Project while maintaining financial stability. The leadership team is committed to effectively navigating through upcoming phases, ensuring strategic growth and engaging with stakeholders transparently.