International Tower Hill Mines Ltd.

International Tower Hill Mines Ltd.

November 25, 2008 13:23 ET

ITH & Redstar Gold Increase Holdings at North Bullfrog Project, Nevada

Historic drill results include 1.6 g/t Gold over 21.9 metres

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 25, 2008) - International Tower Hill Mines Ltd. ("ITH" or the "Company") (TSX VENTURE:ITH)(NYSE-A:THM)(FRANKFURT:IW9) is pleased to announce the acquisition by Redstar Gold Corp. ("Redstar") of an additional twelve patented mining claims at the North Bullfrog project in south-western Nevada, which will become part of the ITH/Redstar option/joint venture. These additional claims cover one of the Company's highest priority drill targets within the district. Historic drilling and underground sampling has identified an area of mineralization with numerous 5 to 20 metre intervals of more than 1 g/t gold. The new property brings the North Bullfrog land package to approximately 18.6 square kilometres (seven square miles) of 100%-owned mining claims and leases.

The new holdings include the historic Connection underground mine. Sampling of the underground workings during a previous exploration effort in 1980 by Cordex Exploration Company yielded 1.61 g/t gold over 21.9 metres (0.047 opt gold over 72 feet), 2.54 g/t gold over 9.7 metres (0.074 opt gold over 32 feet) and 2.30 g/t gold over 12.2 metres (0.067 opt gold over 40 feet), with individual samples reaching 4.39 g/t gold over 3.6 metres (0.128 opt gold over 12 feet). The area of gold mineralization at Connection has also been tested with historic shallow drilling that returned 2.69 g/t gold over 9.1 metres (0.079 opt gold over 30 feet) containing one interval of 11.21 g/t gold over 1.5 metres (0.327 opt gold over 5 feet). The Company cautions that it has not independently verified any of the Cordex Exploration Company results but believes them to be reliable.

These newly acquired claims come under the existing option/joint venture agreement between Redstar and the Company pursuant to which the Company can earn an initial 60% interest in the project by making expenditures of $4.0 million and can earn an additional 10% interest (for a total of 70%) by producing a feasibility report. The Company completed drilling programs at North Bullfrog in 2007 and 2008 (see NR07-20, 08-09, 08-10, 08-13 and 08-18) and has encountered significant mineralization at three target areas: Mayflower, Sierra Blanca and Pioneer. The new lease also includes claims in the Mayflower target area, where recent drilling by the Company encountered significant high-grade mineralization with visible gold.

Jake Margolis, Redstar's U.S. exploration manager, stated: "We have now assembled the strongest consolidated land position of any of the previous exploration efforts at North Bullfrog. The plus-1-gram-per-tonne gold grades at Connection, together with the shallow level of previous testing, are very encouraging. The key exploration frontiers at Connection are twofold: expanding the known mineralization at depth and along strike and testing for faults which could host high-grade mineralization. We look forward to continuing to work with ITH in advancing the targets."

The previous holes at Connection were shallow (largely less than 90 metres (300 feet) deep) rotary holes drilled during the 1970's and early 1980's, and not all intervals were assayed (Table 1). Mineralization occurs within and along the margins of shattered blocks of Paleozoic limestone, shale and quartzite within a volcanic debris-flow matrix, which is also mineralized. Gold is coincident with strong hematite staining, fracturing, opaline and chalcedonic silicification, quartz-calcite veinlets and elevated arsenic. Initial evaluation of the historic results indicates that higher grades may occur along moderately-dipping north-trending faults which have not been explored below the shallowly-drilled levels. The occurrence of opaline silicification along faults in the area also indicates the potential for deeper mineralization. Redstar has confirmed mineralization at Connection, with surface outcrop samples reaching 680 ppb gold in shale, 588 ppb in limestone and 355 ppb from the matrix of the volcanic debris-flow sequence.

Table 1: Selected Drillhole Assays Results, Connection Area(i)

----------------------------------------- -------------------------------
High- High-
est est
Value Inter- Value
Inter- Over val From To Over
Opt val From To 5 g/t (Met- (Met- (Met- 5
Hole Gold (Feet) (Feet) (Feet) Feet Gold ers) ers) ers) Feet
----------------------------------------- -------------------------------
NB92 0.084 25 60 85 0.184 2.866 7.6 18.3 25.9 6.308
----------------------------------------- -------------------------------
NB99 0.079 30 25 55 0.327 2.691 9.1 7.6 16.8 11.211
----------------------------------------- -------------------------------
NB80 0.051 50 50 100 0.106 1.752 15.2 15.2 30.5 3.634
----------------------------------------- -------------------------------
NB104 0.050 20 100 120 0.120 1.697 6.1 30.5 36.6 4.114
----------------------------------------- -------------------------------
NB101 0.034 30 10 40 0.062 1.171 9.1 3.0 12.2 2.126
----------------------------------------- -------------------------------
NB105 0.031 50 45 95 0.058 1.049 15.2 13.7 29.0 1.989
----------------------------------------- -------------------------------
(i) Assay data taken from results reported by Cordex Exploration Company
and are believed to be representative, although the Company has not
yet confirmed these with its own drill data. Until such confirmation
has been obtained, readers should not place undue reliance on the
information contained herein. Assays in some cases by atomic
absorption only; analysis from 1974 to 1982 by Rocky Mountain
Geochemical Corp., Monitor Geochemical Laboratory Inc. and Hawthorne
Analytical Laboratories. The mineralized zone has been defined by 19
historic vertical holes totalling 1396 metres (4580 feet), only 2 of
which exceed 90 metres (300 feet) in length (the deepest is 160 metre
or 525 feet). All 19 holes have at least 1.5 meter grading 0.45 g/t
gold (5 feet grading 0.013 opt gold).

The twelve patented claims were acquired through a lease with a private company. The 10 year, renewable mining lease calls for payments of $10,800 on signing and annual payments for the first three anniversaries of $10,800 and $16,200 for every year thereafter. Redstar has an option to purchase is the property for $1,000,000 at any time during the life of the lease. Production is subject to a 4% net-smelter returns royalty, which may be purchased for $5,000,000.

Qualified Person

Jeffrey A. Pontius (CPG 11044) and Dr. Jacob Margolis, both qualified persons as defined by National Instrument 43-101, have reviewed the scientific and technical information that forms the basis for this news release. Mr. Pontius is the President and CEO of the Company and Dr. Margolis is the U.S. Exploration Manager for Redstar.

The work programs at North Bullfrog are designed and supervised by Dr. Russell Myers, Vice President of Exploration, Talon Gold (US) LLC (a wholly owned subsidiary of ITH responsible for carrying out the Company's exploration programs), and Dr. Jacob Margolis, U.S. Exploration Manager for Redstar, who are responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project log, tag and track each individual borehole sample, which is then sealed and shipped to ALS Chemex for assay. ALS Chemex's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025:1999. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. Finally, representative blind duplicate samples are forwarded to ALS Chemex and an ISO compliant third party laboratory for additional quality control.

About International Tower Hill Mines Ltd.

International Tower Hill Mines Ltd. is a resource exploration company, focused in Alaska and Nevada, which controls a number of exploration projects representing a spectrum of early stage to advanced gold and base metal discoveries. The Company's 100% owned Livengood deposit is an advanced bulk tonnage resource expansion project that is the current focus of its Alaskan program. ITH is committed to building shareholder value through new discoveries while maintaining a majority interest in its holdings, thereby giving its shareholders the maximum value for their investment.


Jeffrey A. Pontius, President and Chief Executive Officer

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding the anticipated content, commencement and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, the anticipated preparation and timing of an updated 43-101 resource estimate at Livengood, the potential for a significant expansion of the estimated Livengood resources, business and financing plans and business trends. Information concerning mineral resource estimates also may be deemed to be forward-looking statements in that it reflects a prediction of the mineralization that would be encountered if a mineral deposit were developed and mined. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate, should and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, the inability of the Company to obtain assay results in a timely manner due to laboratory workload, the Company's inability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, including those detailed above, and other risks identified in the Company's most recent Management Discussion and Analysis and Form 20F annual report. All of the Company's Canadian public disclosure filings may be accessed via and its US disclosure filings at and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release, which has been prepared by management.

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