Revett Minerals Inc.
OTC Bulletin Board : RVMIF

Revett Minerals Inc.

May 06, 2010 08:00 ET

Revett Receives Judgment on Rock Creek Legal Proceedings

SPOKANE VALLEY, WASHINGTON--(Marketwire - May 6, 2010) - Revett Minerals Inc. (TSX:RVM)(OTCBB:RVMIF) ("Revett" or "the Company") has just received the court's 124 page full opinion and judgment with respect to the legal status of the Rock Creek project. The Company will complete a thorough review before discussing options with the various agencies involved to determine the best course of action moving forward.

John Shanahan, President and CEO, stated "We are pleased to have received the opinion and are encouraged with the initial findings. This will now allow us to make decisions on how best to move forward relying on the extensive body of work done by the agencies. We remain confident the Rock Creek project can be developed in an environmentally responsible manner and view the court's ruling as a step forward in the process."

Further announcements regarding the Company's next steps and agencies course of action will be released as they become available.

About Revett

Revett Minerals, through its subsidiaries, owns and operates the Troy Mine located in Lincoln County, Montana and the development-stage Rock Creek Project, located in Sanders County, Montana, USA. These projects host significant copper and silver mineral reserves and resources and will form the basis of our plan to become a solid mid-tier base and precious metals producer. Revett plans on expanding production through exploration in and around its current properties, as well as through targeted business combinations of advanced stage projects.

John Shanahan, President & CEO

For more information, please visit our website at

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, the Company's anticipated course of action moving forward or the Company's ability to develop the Rock Creek project. 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 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