Revett Minerals Inc.
OTC Bulletin Board : RVMIF

Revett Minerals Inc.

March 18, 2010 08:00 ET

Revett Provides Update on Rock Creek Legal Proceedings

SPOKANE VALLEY, WASHINGTON--(Marketwire - March 18, 2010) - Revett Minerals Inc. (TSX:RVM)(OTCBB:RVMIF) ("Revett" or "the Company") is pleased to announce that during a recent status conference regarding legal challenges to the Rock Creek Record of Decision and Biological Opinion, Judge Molloy in the Federal District Court of Montana indicated that a decision is under active deliberation; and a ruling is likely to occur within the next several weeks. 

Tim Lindsey, Chairman of the Board, who was present at the conference stated, "We continue to feel positive as Revett progresses through the legal process and are encouraged by the federal and state agencies that continue to work jointly with us to fulfill commitments in the Record of Decision. Furthermore, we appreciate having this opportunity to meet with Judge Molloy and review the progress made by the Company in meeting obligations previously set forth by the agencies and look forward to the court's decision."

John Shanahan, President & CEO

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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 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
    (509) 891-8901 (FAX)