International Tower Hill Mines Announces Results from 2021 Annual General and Special Meeting of Shareholders

Rhea-AI Summary

International Tower Hill Mines Ltd. (THM) held its Annual General and Special Meeting on May 25, 2021, in Fairbanks, Alaska. Shareholders elected directors, including Anton Drescher and Karl Hanneman, with significant support (99.78% for Hanneman). They re-appointed Davidson & Company LLP as auditors for 2021 and approved amendments to the Company's Articles. Additionally, shareholders endorsed executive compensation with 91.52% approval. The detailed voting results will be available on SEDAR and the Company’s website.

Positive

• Majority support (>90%) for all elected directors.
• Successful re-appointment of auditors with shareholder approval.
• Approval of executive compensation suggests shareholder confidence.

Negative

• None.

VANCOUVER, BC, May 26, 2021 /PRNewswire/ - International Tower Hill Mines Ltd.  (the "Company") - (TSX: ITH) (NYSE: THM) announces the results from its 2021 Annual General and Special Meeting of shareholders held in Fairbanks, AK, USA on Tuesday, May 25, 2021 ("Meeting").

At the Meeting, the Company's shareholders elected the following individuals as directors of the Company, with all receiving a majority of the votes cast, as follows:

Director	Votes For		Votes Withheld
Anton Drescher	122,696,294 (89.60%)	14,234,312 (10.40%)
Karl Hanneman	136,626,271 (99.78%)	304,335 (0.22%)
Stuart Harshaw	133,597,206 (97.57%)	3,333,400 (2.43%)
Marcelo Kim	136,624,723 (99.78%)	302,883 (0.22%)
Stephen Lang	133,627,606 (97.59%)	3,303,000 (2.41%)
Christopher Papagianis	136,626,352 (99.78%)	304,254 (0.22%)
Thomas Weng	136,623,265 (99.78%)	307,341 (0.22%)

The shareholders re-appointed the current auditors, Davidson & Company LLP, Chartered Accountants, as auditors of the Company for the fiscal year ending December 31, 2021 and authorized the directors to fix their remuneration.

The shareholders approved an amendment to the Company's Notice of Articles (90.64% majority) and an amendment and restatement of the Company's Articles (88.91% majority).

The shareholders approved, on an advisory non-binding basis ("Say on Pay"), the compensation paid to the Company's executive officers (91.52% majority).  The shareholders re-approved the 2017 Deferred Share Unit Incentive Plan (97.12% majority) and re-approved the 2006 Incentive Stock Option Plan (89.87% majority).

The detailed proxy voting on all resolutions submitted to the shareholders at the Meeting is contained in the "Report of Voting Results" for the Meeting which will be available under the Company's profile on SEDAR and on the Company's website or upon request by contacting the Company at 1-855-428-2825.

About International Tower Hill Mines Ltd.

International Tower Hill Mines Ltd. controls 100% of the Livengood Gold Project located along the paved Elliott Highway, 70 miles north of Fairbanks, Alaska.

On behalf of
International Tower Hill Mines Ltd.

(signed) Karl L. Hanneman
Chief Executive Officer

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

View original content:http://www.prnewswire.com/news-releases/international-tower-hill-mines-announces-results-from-2021-annual-general-and-special-meeting-of-shareholders-301299849.html

SOURCE International Tower Hill Mines Ltd.

FAQ

What were the results of International Tower Hill Mines’ 2021 Annual General Meeting?

The meeting resulted in the election of directors with over 90% support, re-appointment of auditors, and approval of executive compensation.

When was the 2021 Annual General Meeting of International Tower Hill Mines held?

The meeting was held on May 25, 2021.

What is the stock symbol for International Tower Hill Mines?

The stock symbol for International Tower Hill Mines is THM.

Who were the directors elected at the THM Annual General Meeting?

Directors elected include Anton Drescher, Karl Hanneman, and Stuart Harshaw, among others.

What compensation approval did International Tower Hill Mines receive?

Shareholders approved the executive compensation on an advisory basis with 91.52% support.