Revett Minerals Inc.

Revett Minerals Inc.

February 25, 2005 08:34 ET

Revett Minerals Cdn $4.5 Million Over-Allotment Exercised


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: REVETT MINERALS INC.

TSX SYMBOL: RVM

FEBRUARY 25, 2005 - 08:34 ET

Revett Minerals Cdn $4.5 Million Over-Allotment
Exercised

SPOKANE, Wash.--(CCNMatthews - Feb 25, 2005) -

Revett Minerals Inc. (TSX:RVM) is pleased to announce today the exercise
of the underwriter's over-allotment option to purchase an additional 4.5
million common shares, for gross proceeds of Cdn $4.5 million. This
over-allotment option was granted as part of Revett's Cdn $30 million
initial public offering which closed February 16th, 2005. The
underwriting syndicate was led by GMP Securities Ltd., and included Toll
Cross Securities Inc., Haywood Securities Inc. and Sprott Securities
Inc.

Revett Minerals, through its subsidiaries, hold both the Rock Creek
Project and the Troy Mine in northwest Montana. The Troy Mine is
expected to produce 2.8 million ounces of silver and 23 million pounds
of copper in 2005. Rock Creek is a permitted, drilled inferred 136.6
million ton resource grading 1.67 ounces silver per ton and 0.72%
copper, containing approximately 229 million ounces of silver, and over
2 billion pounds of copper using a cut-off grade of US$10 net smelter
return per ton. Further information on both the Troy Mine and the Rock
Creek Project may be found in the National Instrument 43-101 reports at
www.sedar.com. These reports were prepared on behalf of the Company by
Jean-Francois Couture, P.Geo. and Ken Reipas P.Eng. of SRK Consulting
(Canada) and they are qualified persons under National Instrument 43-101.

William Orchow

President & CEO

on behalf of the Board of Directors

For more information, please contact: Scott Brunsdon, CFO or Doug Ward,
VP Corporate Development at 509-921-2294.

Not for distribution to U.S. Newswire Services or for dissemination in
the United States.

The securities offered have not been, and will not be, registered under
the United States Securities Act of 1933, as amended, ("U.S. Securities
Act") or any state securities laws and, unless registered under the U.S.
Securities Act or pursuant to an applicable exemption from registration
under the U.S. Securities Act, may not be offered, sold, reoffered,
resold or delivered, directly or indirectly, in the United States or to
U.S. Persons (as defined in Regulation S under the U.S. Securities Act).

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities
laws of any such state.

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 the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements, including but not
limited to those with respect to the price of silver and copper, the
estimation of mineral reserves and resources, the realization of mineral
reserve estimates, the timing and amount of estimated future production,
costs of production, involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or
achievements of the Company to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others, risks
relating to environmental laws and regulations, the actual results of
current exploration activities, actual results of current reclamation
activities, conclusions of economic evaluations, changes in project
parameters as plans continue to be refined, future prices of silver and
copper, as well as those factors discussed in the section entitled "Risk
Factors" in the Final Long-From Prospectus as on file with the Ontario
Securities Commission. 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 as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements.

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Revett Minerals Inc.
    Scott Brunsdon, 509-921-2294
    CFO
    or
    Doug Ward, 509-921-2294
    VP Corporate Development