International Tower Hill Mines Ltd. announced that it has commenced a management transition plan with the appointment of Karl Hanneman as Chief Executive Officer. On January 26, 2017, the Board approved a management transition plan, effective January 31, 2017, in which Karl Hanneman, currently the Chief Operating Officer (COO), will become the Chief Executive Officer (CEO), managing both the CEO and COO responsibilities.  Tom Irwin, the current CEO, will transition into a part-time position of Senior Advisor prior to his standing for election to the Board at the May 2017 Annual General Meeting. Mr. Hanneman has more than 35 years of Alaska-based mining industry experience.  Prior to joining the company as Livengood Project Manager in 2010, he played a key role on the team at Teck that worked to successfully resolve significant permitting issues at the Red Dog Mine and was Alaska Regional Manager for Teck during the exploration, development, and permitting of the Pogo Gold Mine by Teck/Sumitomo.