International Tower Hill Mines Announces Addition to the Board of Directors
Vancouver, British Columbia, August 8, 2013 – International Tower Hill Mines Ltd. (“ITH” or the “Company”) - (TSX: ITH) (NYSE-MKT: THM) announces the addition of Thomas Weng to its Board of Directors, effective August 5, 2013. The appointment of Mr. Weng increases the number of directors on the ITH board from six to seven. Mr. Weng will serve as an independent director on both the compensation and audit committees.
"Mr. Weng brings a wealth of financial background to the board of International Tower Hill Mines," said Don Ewigleben, President and CEO of ITH. "His extensive experience in equity capital markets and portfolio management, covering the metals and mining space, will be invaluable as we continue to advance the Livengood project and continue discussions with potential strategic partners.”
Mr. Weng has over 22 years of experience in the financial services sector. He is currently the Co-Founding Partner of Alta Capital Partners, a provider of investment banking services, globally. Previously, Mr. Weng was a Managing Director at Deutsche Bank and Head of Equity Capital Markets for Metals and Mining throughout the Americas and Latin America, across all industry segments. Mr. Weng has also held various senior positions at Pacific Partners, an alternative investment firm, and Morgan Stanley.
Mr. Weng holds a Bachelors of Arts degree in Economics from Boston University.
About International Tower Hill Mines Ltd.
International Tower Hill Mines Ltd. controls a 100% interest in the world-class Livengood Gold Project accessible by paved highway 70 miles northwest of Fairbanks, Alaska.