International Tower Hill Mines Ltd. · TSX:ITH

International Tower Hill Mines — Investor Presentation (January 2021)

22 slides from International Tower Hill Mines's investor presentation, January 2021

  1. Slide 1: Largest Independent Gold-Only Resource in North America

    Largest Independent Gold-Only Resource in North America Corporate Presentation January 2021 Alaska Headquarters Tower Hill Mines, Inc. 506 Gaffney Road, Suite 200 Fairbanks, AK 99701 1-855-428-2825 TSX: ITH TSX: ITH| | NYSE NYSEAmerican: American:THM THM www.ithmines.com www.ithmines.com

  2. Slide 2: Forward-Looking & Cautionary Statements

    Forward-Looking & Cautionary Statements This presentation contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact

  3. Slide 3: Largest Independent Gold-Only Resource in North America

    Largest Independent Gold-Only Resource in North America 11.5 10 9.4 M&I Resources (m oz) 8.0 6.5 5.9 5.5 5 4.2 3.7 0 Livengood Blackwater Courageous Cote Back River Stibnite Magino Hardrock (ITH) (Artemis) Lake (Iamgold) (Sabina) (Midas) (Argonaut) (Equinox) (Seabridge) Source: ITH - April 10, 2017

  4. Slide 4: Exceptional Value Upside with Higher Gold Prices

    Exceptional Value Upside with Higher Gold Prices NPV(5%) Increases 16x with 0.7x Increase in Gold Price NPV at 0% ($M) NPV at 5% ($M) $5,768 $2,500 $2,682 $3,638 $2,000 Gold Price ($/oz) $1,475 $2,756 $1,800 $974 $1,328 $1,500 $165 ITH Mkt Cap ($M) $263 Current Market Cap Only 27% of NPV (5%) at $1,

  5. Slide 5: Opportunity To Invest At Low Valuation

    Opportunity To Invest At Low Valuation $298 $300 $250 Market Cap/Reserve Ounce $200 $186 $150 $107 $108 $100 $93 $50 $44 $30 $32 $19 $13 $- Chesapeake Vista Gold ITH Seabridge Gold X Artemis Belo Sun Midas Gold NovaGold Sabina Gold Gold Gold Gold Mining Fully Diluted Shares, Market Price and Proven

  6. Slide 6: Livengood Gold Reserve and Resource

    Livengood Gold Reserve and Resource  11.5m Ounces Measured & Indicated Resources at $1,230/oz (525m T, Avg. Grade 0.68 g/t, cut-off grade varies*)  9.0m Ounces Proven & Probable Reserves at $1,250/oz (392m T, Avg. Grade 0.71 g/t, cut-off grade varies**)  783 Drill Holes Totaling 717,435 ft Define

  7. Slide 7: Lowest Strip Ratio Amongst Independent Gold-Only Projects in North America

    Lowest Strip Ratio Amongst Independent Gold-Only Projects in North America 10.5 10 Life-of-Mine Strip Ratio 7.4 5 3.9 3.9 2.4 2.5 2.0 1.3 0 Livengood Blackwater Cote Stibnite Magino Hardrock Courageous Back River (ITH) (Artemis) (Iamgold) (Midas) (Argonaut) (Equinox) Lake (Sabina) (Seabridge) Source

  8. Slide 8: Alaska: Safe and Rich Mining Jurisdiction

    Alaska: Safe and Rich Mining Jurisdiction Numerous Mines in Operation • Red Dog (Teck/NANA), Fort Knox (Kinross), Pogo (Northern Star), Kensington (Coeur), Greens Creek (Hecla), Usibelli (UCM) Second Largest Gold Producing State in USA Livengood Mining District Active Since 1914 State has Designated

  9. Slide 9: Low Strip Ratio & Gently Rolling Terrain Underpin Highly Favorable Mining Conditions

    Low Strip Ratio & Gently Rolling Terrain Underpin Highly Favorable Mining Conditions TSX: ITH | NYSE American: THM 9 www.ithmines.com

  10. Slide 10: Unparalleled Infrastructure Advantages

    Unparalleled Infrastructure Advantages 70 Miles NW of Fairbanks • Accessible Year-Round via Paved Highway 50 Miles from Electric Grid Power • Easy Access To Grid Using Trans-Alaska Pipeline System, a Designated Utility Corridor That Is Already in Operation No Need for a Camp Access to Highly Skilled

  11. Slide 11: 2017 Pre-Feasibility Study Improved Livengood Gold Project

    2017 Pre-Feasibility Study Improved Livengood Gold Project  6.8m Ounces Produced Over 23 Years  378k Ounces/Yr Average First 5 Years, 294k Ounces/Yr LoM  Cash Costs $878/Ounce, All-in Sustaining Costs $976/Ounce, All-in Costs $1,247/Ounce (1)  Project size optimized at 52,600 tons/day  Lowered

  12. Slide 12: Significant Production Profile Supports Enviable Mine Life

    Significant Production Profile Supports Enviable 23 Year Mine Life 450,000 400,000 350,000 Annual Gold Production (oz) 300,000 250,000 200,000 150,000 100,000 50,000 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 Year Source: ITH - April 10, 2017 NI 43-101 Technical Report TSX: ITH |

  13. Slide 13: Excellent Exploration Potential

    Excellent Exploration Potential Defined Exploration Potential Exists at Depth and SW of Existing Resource Current Resource Covers 1 Square Mile of the Company’s Expansive 75 Square Mile Land Package TSX: ITH | NYSE American: THM 13 www.ithmines.com

  14. Slide 14: 2021 Approved Work Plan Will Update Pre-Feasibility Study

    2021 Approved Work Plan Will Update Pre-Feasibility Study  January 12, 2021: ITH announced Board approval of 2021 Budget and Work Program of $5.6M to advance Project.  Work Underway on Project Optimization With:  Whittle  BBA  Finalize Pre-Feasibility on Optimized Project and Publish NI 43-101

  15. Slide 15: Proactive & Shareholder Friendly Financing

    Proactive & Shareholder Friendly Financing  $10.3 Million ATM Financing with BRiley Closed October 15, 2020  4% of Market Cap  $7.9 Million (77%) Participation by 4 Existing Major Shareholders  Structured to Align with Shareholders’ Interests  At-Market Price  Minimal Dilution, No punitive dis

  16. Slide 16: Ongoing Environmental Baseline Program Prepare for Future Permitting

    Ongoing Environmental Baseline Program Prepare for Future Permitting  Rock Characterization  Geohydrology  Surface Water & Hydrology  Meteorology  Air Quality  Wetlands & Vegetation  Aquatic Studies  Cultural Resources  Noise Studies  Wildlife & Habitat Studies TSX: ITH | NYSE American: TH

  17. Slide 17: Conceptual Roadmap To Production

    Conceptual Roadmap To Production 2H 2021 4.5 Years 2.5 Years 23 Years Updated Pre- Permitting, Feasibility Feasibility & Construction Production Study Engineering TSX: ITH | NYSE American: THM 17 www.ithmines.com

  18. Slide 18: ITH: Impressive Shareholder Support

    ITH: Impressive Shareholder Support 15.1% Sprott 4.6% Kopernik 34.3% Public Float TSX: ITH | NYSE American: THM 18 www.ithmines.com

  19. Slide 19: ITH: A Premier American Gold Play

    ITH: A Premier American Gold Play  Largest Independent North American Gold-only Deposit  Exceptional Value Upside with Higher Gold Prices  Current Market Capitalization Only 27% of Project NPV(5%) at $1,800/oz Gold Price*  Easy Access to Critical Infrastructure  Finance completed to update PFS,

  20. Slide 20: Alaskan Management Team

    Alaskan Management Team Track Record of Large Mine Development and Permitting Success Mr. Hanneman has over 40 years of Alaska-based mining industry experience and most recently was COO of ITH. Prior to joining the Company in 2010, he played a key role on the team that worked to Karl L. Hanneman res

  21. Slide 21: Board of Directors

    Board of Directors Partner at Paulson & Co. Inc. since 2011, where he oversees natural resource investments, specializing in gold, base metals, bulk commodities Marcelo Kim and oil & gas. Prior to that, commencing in 2009, he was a generalist analyst covering event arbitrage investment opportunities

  22. Slide 22: Capital Structure & Treasury

    Capital Structure & Treasury TSX: ITH - NYSE American: THM (As of November 1, 2020) Issued & Outstanding Shares 194,908,184 Shares Fully Diluted 199,449,714 Working Capital (As of September 30, 2020) $ 13.1 Million Major Shareholders Shares Held % Paulson & Co. Inc. 61,930,724 31.8 Sprott Asset Mana

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