ITH Reports Multi-Million Ounce Inferred Gold Resource at Livengood Project, Alaska

Market Wire, February, 2008

International Tower Hill Mines Ltd. ("ITH" or the "Company") (TSX VENTURE: ITH)(AMEX: THM)(FRANKFURT: IW9) is pleased to announce the results of its initial mineral resource estimate for the Money Knob deposit at its Livengood project near Fairbanks, Alaska. The independent study determined an initial inferred gold resource of 3.1 million ounces at a cutoff grade of 0.3 g/t having an average grade of 0.54 g/t gold.

Over the past two weeks the Company has reported initial inferred mineral resource estimates for 3 of its 12 projects (Livengood, Terra and LMS), giving it one of the larger undeveloped gold resource bases in North America.

Livengood Project Highlights:

- NI 43-101 inferred resource of 181 Million Tonnes @ 0.54 g/t (0.30 g/t gold cutoff) for 3.1 Million contained ounces of gold

- Independent study noted that Livengood project has significant expansion potential

- Preliminary gold characterization results indicate very high, rapid, cyanide extractions for the oxide and weakly oxidized ores (averaging 96.7%)

- Favourable logistical location

The highly encouraging results from work on the Livengood project to date have triggered a major expansion by the Company of the planned Livengood 2008 work program, which will focus on doubling the overall resource, converting a large portion of the inferred resources to indicated and measured and gathering the data needed to complete a preliminary economic scoping study by the middle of 2009. The Company has budgeted a total of $7.5 million to complete this program.

The Company wishes to emphasize that the Livengood project has a very favourable logistical location, being situated 110 kilometres north of Fairbanks, Alaska along the paved Elliot all weather highway and the Trans Alaska pipeline corridor and approximately 85 road kilometres north of the Alaska State power grid.

The Company recently received the results from a preliminary gold characterization study involving bottle roll samples processed by Hazen Research Inc. (see Table 2) indicate very high, rapid, cyanide extractions for the oxide and weakly oxidized ores (averaging 96.7%) with moderate to lower extractions for the deeper non-oxidized ores (averaging 58.7%).

The independent Livengood study noted that the project has significant expansion potential. At this time, the Company estimates that roughly 25% of the known mineralized zone has been drilled. The Livengood target is open to the west and drilling is planned to identify high grade sediments which could improve the overall average grade of the deposit. A 3D image of Livengood modelling can be viewed at:

http://www.corebox.net/properties/livengood

As a comparison, the Fort Knox mine, one of North America's larger gold mines and located 80 kilometres to the south of Livengood, reported in their March 30, 2007 43-101 technical report a proven and probable resource base of 159Mt at an average grade of 0.53 g/t gold. The Fort Knox mine is currently constructing a large run of mine heap leach facility to augment their milling facility, and estimates an average heap leach recovery of 61% for the run of mine ore. The Fort Knox mine reported gold production in 2006 of 333,383 ounces at a total cash cost below $400/ounce.

Project Background

The Livengood project is owned 100% by ITH and is located in Alaska, 110 kilometres north of Fairbanks along the paved Elliot highway and Trans Alaska Pipeline corridor. ITH controls 100% of its 44 square kilometre land package, which is primarily made up of leased land from the Alaska Mental Health Trust. The Company and its predecessor, AngloGold Ashanti (U.S.A.) Exploration Inc., have been exploring the Livengood area since 2003, although 2007 marked the first significant drill campaign.

Results of the Geologic Review and Resource Estimate

Geological Review

On February 15, 2008 Giroux Consultants Ltd. and Mineral Resource Services Inc. delivered the final draft of their technical report on the Livengood project (the "Report"), which includes information from the mineral resource estimate and from surface exploration completed in 2007. This information defines the key gold mineralizing stages in the deposit and possible ore controls. Primary ore controls appear to be the intersection of favourable host lithologies with major structural zones which are interpreted to have acted as conduits for intrusion-related gold bearing fluids. The volcanic rocks form a particularly favourable host and are persistently mineralized. Mineralization in the Money Knob deposit occurs at surface and forms stratiform and cross-cutting bodies in a folded and faulted sedimentary and volcanic sequence. The main body of mineralization lies along an east-west structural zone that is at least 2 kilometres long and varies in width from 300 to 800 meters. This large structural zone has localized a series of 90 million year old (Fort Knox age) dikes, sills and plugs that are believed to be related to the gold mineralization. The configuration and thickness of the mineralized zones suggest a near-surface bulk-mining scenario.