International Tower Hill Mines Transitions Leadership to Propel Livengood Gold Project Forward

Leadership Transition at International Tower Hill Mines

International Tower Hill Mines Ltd., a prominent player in the mining industry, has announced a critical transition in its executive leadership aimed at advancing its flagship Livengood Gold Project in Alaska. Effective August 17, 2026, David Wiens will take on the role of Chief Executive Officer (CEO) and Director, while Shane Parrow has been appointed President, Chief Operating Officer (COO), and Director effective immediately.

New Leadership Team with Vast Experience

This new leadership duo brings a wealth of experience that spans over three decades in mining finance, project development, and operational management. David Wiens, who previously served as the Chief Financial Officer of Asante Gold Corporation, has a strong track record of successfully navigating complex financings and driving growth in mining operations. His experience will be invaluable as the company pushes to complete a feasibility study for the Livengood project, which boasts an impressive resource of 13.6 million ounces of gold, making it one of the largest undeveloped projects in the United States.

Shane Parrow has an equally impressive background, bringing nearly 30 years of experience in various mining roles. His most recent position was Vice President and General Manager at Kinross Alaska, where he oversaw major mining operations and played a crucial role in the successful development of the Fort Knox and Manh Choh projects.

Commitment to Shareholders

One of the notable aspects of Wiens's appointment is his commitment to the company's future. He has agreed to invest $200,000 in common shares as a demonstration of his confidence in the company’s potential. This investment aligns his interests closely with those of the shareholders and underscores a strategic focus on building the long-term value of the Livengood project.

Structure and Strategy Moving Forward

Marcelo Kim, the Chairman of International Tower Hill Mines, emphasized the strength of the new leadership team, citing their collective experience in capital markets and mine development as critical assets for the company's progression. With this transition, the company aims not just to move through the permitting and financing stages but also into construction and eventual production, allowing Livengood to realize its full potential.

Karl Hanneman, the outgoing CEO, will remain on as a Strategic Advisor and Director, contributing his extensive knowledge and insights during and after this transition. His guidance will help ensure that the company continues to strengthen its technical foundation and maintain strong relationships with stakeholders.

The Future of the Livengood Project

The Livengood Gold Project is strategically located along the paved Elliott Highway, just 70 miles north of Fairbanks, Alaska. With significant existing infrastructure and a stable mining jurisdiction, it is well-positioned to become a leading gold producer. As David Wiens and Shane Parrow embark on their new roles, the focus will be on advancing the project through feasibility, permitting, and financing.

Wiens expressed his enthusiasm for this new opportunity, stating, “I look forward to collaborating closely with Shane, the Board, and our entire team to responsibly advance this world-class project and create lasting value.” Meanwhile, Parrow highlighted Livengood's potential as a compelling development-stage project, ready to take the next steps towards realization.

In conclusion, the leadership transition at International Tower Hill Mines marks a strategic pivot for the Livengood Gold Project, promising a new chapter filled with opportunity and growth. With experienced leaders at the helm, stakeholders will eagerly anticipate how their collective efforts will unfold in the coming years, transforming Livengood into a significant player in the North American gold mining landscape.