Revett Minerals Inc.

COMPANY DATA | INTRODUCTION |  PROJECT IN HAND | MANAGEMENT
NEWS UPDATE | CHINESE

COMPANY DATA

INTRODUCTION

Revett Minerals is an established Silver-Copper Producer that owns and operates the producing Troy Mine and the world class development stage Rock Creek project; both properties are located in northwestern Montana, USA. These projects host significant copper and silver mineral reserves and resources.

The Company's goal is to become a solid, mid-tier precious and base metal producer while providing a safe, environmentally sound and fulfilling atmosphere for all involved.

PROJECT IN HAND

(1) Troy Mine Project, Lincoln County, Montana

The Troy Mine is an underground room-and-pillar silver/copper mine with a conventional flotation mill. Previously developed by ASARCO in 1980-81 and Revett reopened the mine in December 2004, and has operated it continuously since. Revett continues to employ more than 180 skilled workers at Troy.

As of December 31, 2008, Troy's current proven and probable reserves are 12.4 million ounces of silver and 117.7 million pounds of copper. Measured and indicated resources total 77.3 million ounces of silver and 746.8 million pounds of copper.

In addition to the existing reserves and resources at the Troy Mine, Revett has been exploring beneath and adjacent to the current workings for the past two drilling seasons.

Recent Operating Highlights at Troy

• The amended plan of operation is approved for the development of the higher-grade C-Bed directly beneath the current workings: mineralization containing 1.9 million ounces of silver and 13.7 million pounds of copper grading 1.61 oz/t Ag and 0.56% Cu, compared to current mine grades of approximately 1.00 oz/t Ag and 0.40% Cu. C-Bed development and ongoing exploration underway. Revett anticipates production from the C-Bed in 2010.

• Mill throughput continued to improve during the first nine months of 2009, averaging 3,700 tons per day compared to 3,492 tons per day in the first nine months of 2008 - a 5% improvement.

• During the first nine months of 2009, 879,449 ounces of silver and 6.7 million pounds of copper were produced, compared to 793,998 ounces of silver and 7.1 million pounds of copper over the same period in 2008.

(2) Rock Creek Project, Sanders County, Montana

Revett's Rock Creek Project is a world-class, development stage, stratabound silver and copper deposit located in Sanders County, Montana, about 25 miles from the Troy mill site. Revett owns approximately 754 acres of private land within the project's area.

Rock Creek Project has an Inferred Resource of 229 million ounces of silver and 2 billion pounds of copper.

The project development plan will be similar to that used at the Troy mine. Once up and running, the Company anticipates that Rock Creek will operate at a rate of 10,000 tpd, producing, on average, 6 million ounces of silver and 52 million pounds of copper per year.

Revett received final Record of Decision in June 2003. In May 2010, the Company received the US District Court's 124 page full opinion and judgment with respect to the legal status of the Rock Creek project. The Company remains confident the Rock Creek project can be developed in an environmentally responsible manner.

Revett has initiated the installation of support infrastructure at the Rock Creek site. The office and core storage building are now complete.

Once Revett is allowed to initiate development of the evaluation program at Rock Creek, remaining infrastructure will be installed and an adit driven into the deposit. After mineralization is reached (~3,500 ft.), the evaluation program will then focus on collecting data sufficient to support a full technical and economic feasibility study. This process will take approximately 2-3 years.

Assuming the feasibility study is positive and financing is available, construction of the 10,000-tpd mine and process facility will begin with the development of two parallel adits (~3 miles). Construction is estimated to take about three years at an initial capital cost of US $250 - 300 million.


Investment Highlights

Currently in Production: Troy Mine

• 2008 Production: 1.2M oz. Ag & 9.8M lbs. Cu

• 2009 Production: 1.1M oz. Ag & 8.6M lbs. Cu

• 2010 Est. Production: 1.30M oz. Ag & 10.7M lbs. Cu

World Class Development Property: Rock Creek

• Inferred Resource: 229M oz. Ag & 2B lbs. Cu

• Permitted Record of Decision received in June 2003

• Ruling on recent legal challenges received in May 2010

Excellent Exploration Potential

• Reserve expansion at Troy: C-Bed development underway and production anticipated in 2010

• Numerous stratabound exploration targets in the Revett Formation and associated geological region

• Rock Creek: Significant potential for expanding resource

Experienced Management Team/Workforce

• Operations management expertise

• 180 skilled workers at Troy

MANAGEMENT

Management Team

Timothy R. Lindsey, Chairman of the Board
Over 30 years of technical and executive leadership in mining and energy industries. Currently a director of Rock Energy and Daybreak Oil. Extensive local geological knowledge of the Revett formation.

John G. Shanahan, President and Chief Executive Officer
Over 20 years experience in production, trading and commodity risk management. Formerly with CRA Australia, NM Rothschild and Barclays Bank, Former director of EuroZinc Mining.

Ken Eickerman, Chief Financial Officer
CPA with 25 years experience in corporate finance, accounting and administration
with Pegasus Gold, Inc., Apollo Gold Inc. and Mustang Line Contractors, Inc.

Doug Ward, Vice President Corporate Development
15 years project evaluation experience with the US Bureau of Mines, NM Rothschild, and Coeur d'Alene Mines. Over 5 years production and engineering experience with Asarco and Teberebie Goldfields (Ghana).


Operating Team

Carson Rife, Vice President, Operations
Over 25 years experience in mine engineering, design and operation in Montana, Nevada, and Australia.

Doug Miller, General Manager, Troy Mine
Over 30 years experience in operating and producing mines.

Larry Erickson, Manager Technical Services, Troy Mine
Over 30 years experience in exploration and operations.

Directors

Timothy R. Lindsey, Chairman
John G. Shanahan
Tony L. Alford
David R. Lewis

NEWS UPDATE

On May 11, 2010, Revett Minerals Inc. released its consolidated operating and financial results for the three months ended March 31, 2010. Currency is reported in US dollars unless otherwise indicated.

Highlights include:

· Revett generated $2.1-million in operating cash flow from the Troy mine, resulting in 1 cent per share overall profit.

· It achieved record mill throughput at Troy averaging 4,265 tpd compared with 3,811 tpd in the first quarter of 2009, a 12% improvement.

· It initiated development work for the higher-grade C-Bed reserves. Access should be completed by the end of the third quarter of 2010.

· It produced 287,259 ounces of silver and 2.5 million pounds of copper at the Troy mine, generating $12.1-million in revenues.

· Silver Wheaton continued its support of the Company, subscribing additional shares in Revett to bring its shareholding to 16.6%.

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