Revett Minerals Provides Update on Debt



    SPOKANE VALLEY, WA, June 16 /CNW Telbec/ - Revett Minerals Inc.,
("TSX-RVM") ("Revett" or the "Company") has reached an understanding with
Trafigura AG to restructure the US$ 4.3 million interest bearing note which is
due June 30th, 2009. The Company has agreed to a partial principal repayment
with the possibility of converting a portion of the remaining principal into
common equity, subject to regulatory approval. Upon working out a definitive
agreement, the remaining principal balance, if any, will extend out beyond
December 31st, 2009.
    John Shanahan, Revett President and CEO stated, "We are very pleased to
be near to concluding an agreement with this important stakeholder in Revett.
Trafigura AG remains an important long term partner and we are delighted with
the confidence that they have shown in our future and our ability to operate
in the current difficult economic times."

    About Revett

    Revett Minerals, through its subsidiaries, owns and operates the
currently producing Troy Mine and development-stage Rock Creek Project, both
located in northwestern Montana, USA. The proven reserves at the Troy Mine and
significant resources at the Rock creek project will form the basis of our
plan to become a solid 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 & CEO

    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 "plans", "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 the expectation of our ability to
finalize the debt restructuring agreement, expand production at the Troy mine
and expand through other means. There is no assurance our understanding will
be finalized into a definitive agreement. 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 www.sedar.com 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.
    %SEDAR: 00021518E




For further information:

For further information: Doug Ward, VP Corporate Development; Monique
Hayes, Corporate/Investor Communications, (509) 921-2294;
www.revettminerals.com

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REVETT MINERALS INC.

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