Revett Reports Record Earnings for Q2 2011 
 

SPOKANE VALLEY, WA - Revett Minerals Inc. reported record quarterly revenues of $18.8 million, a 102% increase compared to the same period last year. The Company also increased its cash and cash equivalents on hand at the end of the second quarter to $14.7 million from $8.8 million at the beginning of the year. For the three months ended June 30, 2011 the Company had net income of $7.9 million or $0.23 per share. These record results are due to higher metal prices, significantly improved metal grades, and higher metallurgical and operating efficiencies.

Revett President and Chief Executive Officer John Shanahan said, "We are delighted to announce record earnings for this quarter which is a wonderful reflection of the hard work, dedication, and resourcefulness of our operating team at the Troy mine. We remain committed to meeting our near term production targets as well as longer term expansion plans at Troy. Troy continues to play a vital role and increase our cash position as we work towards advancing development of our nearby significant silver/copper deposit at Rock Creek." Silver production totaled 342,822 ounces and copper production totaled 3,028,252 pounds, representing increases of 65% for silver and 60% for copper over the same period last year.

The company's address is 11115 East Montgomery, Suite G, Spokane Valley, WA 99206, (509) 921-2294, fax: (509) 891-8901.