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.

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