Revett Minerals Inc.

Revett Minerals Inc.

May 31, 2012 11:05 ET

Revett Announces Results of 2012 AGM and Strengthens Senior Management Team With Two Key Appointments

SPOKANE VALLEY, WASHINGTON--(Marketwire - May 31, 2012) - Revett Minerals Inc. (NYSE MKT:RVM) (NYSE Amex:RVM) (TSX:RVM) is pleased to announce at its annual and special meeting of shareholders held on May 30, 2012, shareholders of the company approved all resolutions put before them by management, including the reappointment of KPMG LLP as auditors of the Company.

The company is also pleased to announce the appointment of Doug Miller to the position of Vice President of Operations and Paul Lammers as Director of Environmental Programs.

Doug Miller, previously the General Manager of the Troy Mine, has been appointed to the role of Vice President of Operations, overseeing both Troy Mine operations and our development plans at Rock Creek. Mr. Miller graduated from Montana Tech with a degree as a Mining Engineer in 1978 and oversaw the recommencement of operations at Troy in late 2004. Mr. Miller has over thirty years of experience in operating and producing mines and formerly worked for ASARCO in the Northwest Mining Department at the Galena, Couer, and Troy Mine. He also worked for ASARCO in the Eastern Mining Department at its Tennessee Mines as the manager overseeing its five zinc mines.

Paul Lammers has over twenty years of private and public-sector experience as an environmental professional. Mr. Lammers was most recently an Environmental Consultant with Camp Dresser & McKee, Inc. and the on-site CDM operations manager for the Libby, Montana EPA Superfund Project. Prior to that Mr. Lammers served as CDM field project manager at the Upper Tenmile Creek Mining Area in Helena, Montana as well as Environmental Affairs manager with publicly traded United Park City Mines Company and the Park City Municipal Corporation, both based in Park City, Utah. Mr. Lammers holds a Juris Doctorate in Environmental Law and Policy and has extensive experience in environmental litigation and enforcement.

John Shanahan, President and CEO stated, "The appointments of both Doug and Paul are significant steps in our ongoing focus on productivity at Troy along with our continued work with the Federal agencies associated with permitting of Rock Creek. Both Doug and Paul are committed and experienced professionals and we welcome them to their new and expanded roles."

About Revett

Revett Minerals, through its subsidiaries, owns and operates the currently producing Troy Mine in Lincoln County, Montana and development-stage Rock Creek Project located in Sanders County, Montana, USA. The proven reserves at the Troy Mine and significant resources at the Rock Creek project form the basis of Revett's plan to become a premier 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 and Chief Executive Officer

Except for the statements of historical fact contained herein, the information presented in this news 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 "plans", "expects", or "does not expect", "is expected", "is not expected", "budget", "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 be taken", "occur" or "be achieved. Forward looking statements, are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business and economic uncertainties, risks and contingencies, that actual production may differ from assumed production and 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 except as required by applicable securities laws.

Contact Information

  • Revett Minerals Inc.
    Monique Hayes
    Corporate Secretary/Director Investor Relations
    (509) 921-2294