International Tower Hill Mines Ltd.

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PRESS RELEASE:

Thomas Equipment, Inc. Announces Major Corporate Restructuring

Broad based restructuring is designed to revitalize company, maximize operating efficiencies and future financial performance.

MILWAUKEE, WI-- June 15, 2006 -- Thomas Equipment Inc. ("Thomas") (AMEX: THM) today reported that its board of directors has approved a broad based restructuring to evaluate all corporate business activities, identify any operating and management deficiencies and immediately begin addressing all issues.

“The board of directors began this significant initiative because the company has failed to generate the desired operating and financial results,” said David Marks, Chairman of the Board. “We believe that significant changes are required to revitalize the company to maximize operating efficiencies and future financial performance.”

The major restructuring is designed to provide Thomas Equipment with appropriate management and financial resources to address short-term needs and successfully execute on longer-term strategic opportunities. The corporate restructuring will affect all areas of the business, including but not limited to the supply chain, working capital management, operating procedures and management leadership. Throughout this process, a primary objective is to ensure that relationships with customers, suppliers, distributors, employees, creditors and investors are strengthened.

The corporate restructuring is being led by James E. Patty (JP), who joined the company as Chief Operating Officer on May 9th, 2006. Mr. Patty is an executive with twenty-five years of proven leadership in managing international operations. Mr. Patty has a history of building efficient production operations, strategically expanding production capacity and creating shareholder value. His expertise includes re-engineering large organizations, supply chain management, creating markets, developing distribution channels, and accelerating profitable sales growth. Mr. Patty has also spearheaded numerous financings and merger and acquisition activities.

Mr. Patty has held a number of international executive level management and engineering positions with companies including Lockheed's subsidiary CalComp, Motorola, GET Manufacturing (China, Mexico, Brazil, and the U.S.), AlphaSource Manufacturing (Thailand), Allied Telesis (Singapore, Hong Kong and Japan), MAXTOR (Singapore), and Four Phase Systems (U.S.), Global Business Solutions, Inc., VPNet Technologies, and Computime Limited International China.

“We believe the restructuring plan will take approximately six months to complete. During this time, we plan to provide our customers, suppliers, distributors, employees, creditors and investors with regular updates regarding our process. We thank each for their ongoing support, patience and understanding,” said James E. Patty, Chief Operating Officer of Thomas Equipment, Inc.

About Thomas Equipment Inc.

Thomas Equipment, Inc. is an innovative and technologically advanced global manufacturer of a full line of skid steer and mini skid steer loaders as well as attachments, mobile screening plants and six models of mini excavators. Thomas distributes its products through a worldwide network of distributors and wholesalers. In addition, Thomas' wholly owned subsidiaries manufacture specialty industrial and construction products, a complete line of potato harvesting and handling equipment, fluid power components, pneumatic and hydraulic systems, spiral wound metal gaskets, and packing material.

Thomas Equipment Inc., www.thomas-equipment.com, www.thomasloaders.com, includes subsidiaries: Pneutech Inc., www.pneutech.thomas-equipment.com, Rousseau Controls Inc., www.rousseaucontrols.com, Samsung Industry Co. Ltd., www.ss-ind.com, and Hydramen Fluid Power Limited, www.hydramen.com.

Investor Information -- To request investor information, attend online corporate meetings, and provide your valuable feedback directly to management please visit our website at: https://app.quicksizzle.com/survey.aspx?sfid=19723

Safe Harbor Statement Under the Private Securities Litigation Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of THM could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rate and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, and such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.

Contact:

Investor Relations:
Stock Aware, LLC
Joel Arberman, Managing Member
800.910.9035
www.stockaware.com