International Tower Hill Mines Ltd.: Corvus Gold Inc. Spinout Effective

- August 27th, 2010

International Tower Hill Mines Ltd. (TSE:ITH, NYSE Amex:THM) announced that the previously announced Plan of Arrangement, under which the Company will spin-out its Alaska and Nevada projects to Corvus Gold Inc., became effective at 12:01 a.m. today, August 26, 2010.

International Tower Hill Mines Ltd. (TSX:ITH, NYSE Amex:THM) announced that the previously announced Plan of Arrangement, under which the Company will spin-out its Alaska and Nevada projects to Corvus Gold Inc., became effective at 12:01 a.m. today, August 26, 2010.

The press release is quoted as saying:

Corvus Gold Inc. is a resource exploration company, focused in Alaska and Nevada, which controls a number of exploration projects representing a spectrum of early stage to the more advanced North Bullfrog Project in Nevada.

Click here to access the entire press release

Click here to access International Tower Hill Mines Ltd. Corporate Site

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