THM · International Tower Hill Mines Ltd

The exercise price was converted from CAD 3.33 to USD 2.41, based on the May 27, 2026 exchange rate as quoted by the Bank of Canada. The exercise price is the actual Canadian dollar amount regardless of the exchange rate on the date of exercise.

One-third of the options vested on the date of grant and the remaining options will vest in two equal annual installments beginning on the first anniversary of the date of grant.

Each deferred stock unit represents the right to receive one common share.

The reported deferred stock units vested in full on the date of grant and the Reporting Person will receive the shares underlying the deferred stock units upon the Reporting Person's end of service as a Director.

The exercise price was converted from CAD 3.33 to USD 2.41, based on the May 27, 2026 exchange rate as quoted by the Bank of Canada. The exercise price is the actual Canadian dollar amount regardless of the exchange rate on the date of exercise.

One-third of the options vested on the date of grant and the remaining options will vest in two equal annual installments beginning on the first anniversary of the date of grant.

Each deferred stock unit represents the right to receive one common share.

The reported deferred stock units vested in full on the date of grant and the Reporting Person will receive the shares underlying the deferred stock units upon the Reporting Person's end of service as a Director.

Each deferred stock unit represents the right to receive one common share.

The reported deferred stock units vested in full on the date of grant and the Reporting Person will receive the shares underlying the deferred stock units upon the Reporting Person's end of service as a Director.

Each deferred stock unit represents the right to receive one common share.

The reported deferred stock units vested in full on the date of grant and the Reporting Person will receive the shares underlying the deferred stock units upon the Reporting Person's end of service as a Director.

Each deferred stock unit represents the right to receive one common share.

The reported deferred stock units vested in full on the date of grant and the Reporting Person will receive the shares underlying the deferred stock units upon the Reporting Person's end of service as a Director.

Each deferred stock unit represents the right to receive one common share.

The reported deferred stock units vested in full on the date of grant and the Reporting Person will receive the shares underlying the deferred stock units upon the Reporting Person's end of service as a Director.

Paulson & Co. Inc. ("Paulson") is the investment manager of investment funds (the "Funds"). John Paulson is the controlling person of Paulson. All securities reported on this Form 4 are owned by the Funds.

Each of Paulson and John Paulson may be deemed to indirectly beneficially own the securities directly owned by the Funds. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Act"), the filing of this Form 4 shall not be deemed an admission by any person reporting on this Form 4 that such person, for purposes of Section 16 of the Act or otherwise, is the beneficial owner of any equity securities covered by this Form 4

Each deferred stock unit represents the right to receive one common share.

The reported deferred stock units vested in full on the date of grant and the Reporting Person will receive the shares underlying the deferred stock units upon the Reporting Person's end of service as a Director.

Each deferred stock unit represents the right to receive one common share.

The reported deferred stock units vested in full on the date of grant and the Reporting Person will receive the shares underlying the deferred stock units upon the Reporting Person's end of service as a Director.

Each deferred stock unit represents the right to receive one common share.

The reported deferred stock units vested in full on the date of grant and the Reporting Person will receive the shares underlying the deferred stock units upon the Reporting Person's end of service as a Director.

Paulson & Co. Inc. ("Paulson") is the investment manager of investment funds (the "Funds"). John Paulson is the controlling person of Paulson. All securities reported on this Form 4 are owned by the Funds.

(2) Each of Paulson and John Paulson may be deemed to indirectly beneficially own the securities directly owned by the Funds. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Act"), the filing of this Form 4 shall not be deemed an admission by any person reporting on this Form 4 that such person, for purposes of Section 16 of the Act or otherwise, is the beneficial owner of any equity securities covered by this Form 4.

Paulson & Co. Inc. ("Paulson") is the investment manager of investment funds (the "Funds"). John Paulson is the controlling person of Paulson. All securities reported on this Form 4 are owned by the Funds.

(2) Each of Paulson and John Paulson may be deemed to indirectly beneficially own the securities directly owned by the Funds. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Act"), the filing of this Form 4 shall not be deemed an admission by any person reporting on this Form 4 that such person, for purposes of Section 16 of the Act or otherwise, is the beneficial owner of any equity securities covered by this Form 4.

Paulson & Co. Inc. ("Paulson") is the investment manager of investment funds (the "Funds"). John Paulson is the controlling person of Paulson. All securities reported on this Form 4 are owned by the Funds.

Each of Paulson and John Paulson may be deemed to indirectly beneficially own the securities directly owned by the Funds. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Act"), the filing of this Form 4 shall not be deemed an admission by any person reporting on this Form 4 that such person, for purposes of Section 16 of the Act or otherwise, is the beneficial owner of any equity securities covered by this Form 4.

These securities are owned directly by Electrum Global Holdings L.P. ("Global Holdco"). TEG Global GP Ltd. ("TEG Global") is the general partner of Global Holdco. The Electrum Group LLC ("TEG Services") acts as an investment advisor to Global Holdco. As a result, TEG Global and TEG Services may be deemed to beneficially own the Issuer's common shares held by Global Holdco. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each reporting person disclaims beneficial ownership of these securities, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

Each deferred stock unit represents the right to receive one common share.

The reported deferred stock units vested in full on the date of grant and the Reporting Person will receive the shares underlying the deferred stock units upon the Reporting Person's end of service as a Director.

Each deferred stock unit represents the right to receive one common share.

The reported deferred stock units vested in full on the date of grant and the Reporting Person will receive the shares underlying the deferred stock units upon the Reporting Person's end of service as a Director.

Each deferred stock unit represents the right to receive one common share.

The reported deferred stock units vested in full on the date of grant and the Reporting Person will receive the shares underlying the deferred stock units upon the Reporting Person's end of service as a Director.

Each deferred stock unit represents the right to receive one common share.

The reported deferred stock units vested in full on the date of grant and the Reporting Person will receive the shares underlying the deferred stock units upon the Reporting Person's end of service as a Director.

The exercise price was converted from CAD 1.25 to USD 0.91, based on the June 4, 2025 exchange rate as quoted by the Bank of Canada. The exercise price is the actual Canadian dollar amount regardless of the exchange rate on the date of exercise.

One-third of the options vested on the date of grant and the remaining options will vest in two equal annual installments beginning on the first anniversary of the date of grant.

The exercise price was converted from CAD 1.25 to USD 0.91, based on the June 4, 2025 exchange rate as quoted by the Bank of Canada. The exercise price is the actual Canadian dollar amount regardless of the exchange rate on the date of exercise.

One-third of the options vested on the date of grant and the remaining options will vest in two equal annual installments beginning on the first anniversary of the date of grant.

Each deferred stock unit represents the right to receive one common share. The Fair Market Value of a share at the date of grant is USD $0.91.

The reported deferred stock units vested in full on the date of grant and the Reporting Person will receive the shares underlying the deferred stock units upon the Reporting Person's end of service as a Director.

Paulson & Co. Inc. ("Paulson") is the investment manager of investment funds (the "Funds"). John Paulson is the controlling person of Paulson. All securities reported on this Form 4 are owned by the Funds.

Each of Paulson and John Paulson may be deemed to indirectly beneficially own the securities directly owned by the Funds. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Act"), the filing of this Form 4 shall not be deemed an admission by any person reporting on this Form 4 that such person, for purposes of Section 16 of the Act or otherwise, is the beneficial owner of any equity securities covered by this Form 4.

This Form 4 is being filed by Electrum Strategic Opportunities Fund II L.P. (the "Fund"), as well as Electrum Strategic Opportunities Fund II GP L.P. (the "Fund GP"), ESOF II GP Ltd. ("ESOF II GP") and The Electrum Group LLC ("TEG"). The Fund GP is the general partner of the Fund, and ESOF II GP is the general partner of the Fund GP. TEG is the investment advisor to the Fund. By virtue of these relationships, the reporting persons may be deemed to have shared voting and investment discretion with respect to the Common Shares of International Tower Hill Mines Ltd. held by the Fund.

For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each reporting person disclaims beneficial ownership of these securities, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

The exercise price was converted from CAD 0.94 to USD 0.69, based on the May 29, 2024 exchange rate as quoted by the Bank of Canada. The exercise price is the actual Canadian dollar amount regardless of the exchange rate on the date of exercise.

One-third of the options vested on the date of grant and the remaining options will vest in two equal annual installments beginning on the first anniversary of the date of grant.

Each deferred stock unit represents the right to receive one common share.

The reported deferred stock units vested in full on the date of grant and the Reporting Person will receive the shares underlying the deferred stock units upon the Reporting Person's end of service as a Director.

Each deferred stock unit represents the right to receive one common share.

The reported deferred stock units vested in full on the date of grant and the Reporting Person will receive the shares underlying the deferred stock units upon the Reporting Person's end of service as a Director.

Each deferred stock unit represents the right to receive one common share.

The reported deferred stock units vested in full on the date of grant and the Reporting Person will receive the shares underlying the deferred stock units upon the Reporting Person's end of service as a Director.

Each deferred stock unit represents the right to receive one common share.

The reported deferred stock units vested in full on the date of grant and the Reporting Person will receive the shares underlying the deferred stock units upon the Reporting Person's end of service as a Director.

The exercise price was converted from CAD 0.94 to USD 0.69, based on the May 29, 2024 exchange rate as quoted by the Bank of Canada. The exercise price is the actual Canadian dollar amount regardless of the exchange rate on the date of exercise.

One-third of the options vested on the date of grant and the remaining options will vest in two equal annual installments beginning on the first anniversary of the date of grant.

Each deferred stock unit represents the right to receive one common share.

The reported deferred stock units vested in full on the date of grant and the Reporting Person will receive the shares underlying the deferred stock units upon the Reporting Person's end of service as a Director.

Paulson & Co. Inc. ("Paulson") is the investment manager of investment funds (the "Funds"). John Paulson is the controlling person of Paulson. All securities reported on this Form 4 are owned by the Funds.

Each of Paulson and John Paulson may be deemed to indirectly beneficially own the securities directly owned by the Funds. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Act"), the filing of this Form 4 shall not be deemed an admission by any person reporting on this Form 4 that such person, for purposes of Section 16 of the Act or otherwise, is the beneficial owner of any equity securities covered by this Form 4.

Each deferred stock unit represents the right to receive one common share.

The reported deferred stock units vested in full on the date of grant and the Reporting Person will receive the shares underlying the deferred stock units upon the Reporting Person's end of service as a Director.

The exercise price was converted from CAD 0.63 to USD0.47, based on the May 24, 2023 exchange rate as quoted by the Bank of Canada. The exercise price is the actual Canadian dollar amount regardless of the exchange rate on the date of exercise.

The reported deferred stock units (DSU) vested in full on the date of grant and the Reporting Person will receive the common shares underlying the DSU upon the Reporting Person's end of service as a Director.

Each deferred stock unit represents the right to receive one common share.

The reported deferred stock units vested in full on the date of grant and the Reporting Person will receive the shares underlying the deferred stock units upon the Reporting Person's end of service as a Director.

The exercise price was converted from CAD 0.63 to USD 0.47, based on the May 23, 2023 exchange rate as quoted by the Bank of Canada. The exercise price is the actual Canadian dollar amount regardless of the exchange rate on the date of exercise.

One-third of the options vested on the date of grant and the remaining options will vest in two equal annual installments beginning on the first anniversary of the date of grant.

Each deferred stock unit represents the right to receive one common share.

The reported deferred stock units vested in full on the date of grant and the Reporting Person will receive the shares underlying the deferred stock units upon the Reporting Person's end of service as a Director.

The exercise price was converted from CAD 0.63 to USD 0.47, based on the May 23, 2023 exchange rate as quoted by the Bank of Canada. The exercise price is the actual Canadian dollar amount regardless of the exchange rate on the date of exercise.

One-third of the options vested on the date of grant and the remaining options will vest in two equal annual installments beginning on the first anniversary of the date of grant.

Each deferred stock unit represents the right to receive one common share.

The reported deferred stock units vested in full on the date of grant and the Reporting Person will receive the shares underlying the deferred stock units upon the Reporting Person's end of service as a Director.

The exercise price was converted from CAD 1.00 to USD 0.7827, based on the March 16, 2015 exchange rate as quoted by the Bank of Canada. The exercise price is the actual Canadian dollar amount regardless of the exchange rate on the date of exercise.

Each deferred stock unit represents the right to receive one common share.

The reported deferred stock units vested in full on the date of grant and the Reporting Person will receive the shares underlying the deferred stock units upon the Reporting Person's end of service as a Director.

The exercise price was converted from CAD 0.92 to USD 0.72, based on the May 24, 2022 exchange rate as quoted by the Bank of Canada. The exercise price is the actual Canadian dollar amount regardless of the exchange rate on the date of exercise.

The reported deferred stock units (DSU) vested in full on the date of grant and the Reporting Person will receive the common shares underlying the DSU upon the Reporting Person???s end of service as a Director.

The exercise price was converted from CAD 0.92 to USD 0.72 based on the May 24, 2022 exchange rate as quoted by the Bank of Canada. The exercise price is the actual Canadian dollar amount regardless of the exchange rate on the date of exercise.

One-third of the options vested on the date of grant and the remaining options will vest in two equal annual installments beginning on the first anniversary of the date of grant.

Each deferred stock unit represents the right to receive one common share.

The reported deferred stock units vested in full on the date of grant and the Reporting Person will receive the shares underlying the deferred stock units upon the Reporting Person's end of service as a Director.

Each deferred stock unit represents the right to receive one common share.

The reported deferred stock units vested in full on the date of grant and the Reporting Person will receive the shares underlying the deferred stock units upon the Reporting Person's end of service as a Director.

The exercise price was converted from CAD 0.92 to USD 0.72 based on the May 24, 2022 exchange rate as quoted by the Bank of Canada. The exercise price is the actual Canadian dollar amount regardless of the exchange rate on the date of exercise.

One-third of the options vested on the date of grant and the remaining options will vest in two equal annual installments beginning on the first anniversary of the date of grant.

Each deferred stock unit represents the right to receive one common share.

The reported deferred stock units vested in full on the date of grant and the Reporting Person will receive the shares underlying the deferred stock units upon the Reporting Person's end of service as a Director.