Revett Minerals Inc.
TSX : RVM
OTC Bulletin Board : RVMIF

Revett Minerals Inc.

March 29, 2010 20:13 ET

Revett Provides Update on Rock Creek Legal Proceedings

SPOKANE VALLEY, WASHINGTON--(Marketwire - March 29, 2010) - Revett Minerals Inc. (TSX:RVM) (OTCBB:RVMIF) ("Revett" or "the Company") announces that the US District Court has issued an order pending a full opinion with respect to the legal status of the Rock Creek project.

The court has ruled that "the Forest Service's decision to approve the Rock Creek Mine Project is vacated, and the 2003 Record of Decision and 2001 Final Environmental Impact Statement are set aside and remanded to the Forest Service for further action consistent with the Court's forthcoming opinion".

John Shanahan, President and CEO, stated "We will know more about what actions will be required by Revett and the agencies once the courts' opinion has been released. We remain optimistic the Rock Creek project will be advanced in an environmentally and economically responsible manner."

John Shanahan
President & CEO

Except for the statements of historical fact contained herein, the information presented in this press release may contain "forward-looking statements" within the meaning of applicable Canadian securities legislation and The Private Securities Litigation Reform Act of 1995. Generally, these forward looking statements can be identified by the use of forward-looking terminology such as "expects", or "does not expect", "is expected", "is not expected", "budget", "plans", "schedule", "estimates", "forecasts", "intends", "anticipates", "or does not anticipate" or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will", "occur" or "be achieved". Forward-looking statements contained in this press release include but are not limited to statements with respect to, anticipated date of ruling on the challenges to the Rock Creek permit. Actual results and developments could be affected by development risks and production risks, our challenging working capital position and our inability to continue to fund operations, as well as those factors discussed in the section entitled "Risk Factors" in the Form 10-K filed on SEDAR at www.sedar.com and with the SEC on EDGAR. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Revett Minerals does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.

Contact Information

  • Revett Minerals Inc.
    Monique Hayes
    Director of Corporate & Investor Communications
    (509) 921-2294
    www.revettminerals.com