Revett Provides Update of Operations and Exploration at Troy Mine



    SPOKANE VALLEY, WA, Aug. 10 /CNW Telbec/ - Revett Minerals Inc.
(TSX:RVM/OTCBB:RVMIF) ("Revett" or the Company) is pleased to announce
continued success at the Troy Mine, producing 301,770 ounces of silver and
2.3M lbs. copper during the second quarter of 2009.

    
    Recent Operating Highlights Include:
    ------------------------------------

    - During the first half of 2009, the Troy Mine Produced 622,919 ounces of
      silver and 4.6 million pounds of copper compared to 491,759 ounces
      silver and 4.5 million pounds of copper for the same period last year;

    - The Troy mine continued to improve mill throughput during the first
      half of 2009, averaging 3,871 tons per day compared to 3,489 tons per
      day in the first half of 2008, an 11% improvement;

    - Productivity and cost improvements continued during the second quarter
      of 2009 resulting in a reduction of 29% in direct operating costs per
      ton compared to the same period last year.

    -------------------------------------------------------------------------
                                                             2nd         2nd
    Troy Production    April         May        June     Quarter     Quarter
     Summary(1)                                             2009        2008
    -------------------------------------------------------------------------
    Mill Production
    ---------------
    -------------------------------------------------------------------------
      Mill Feed
       (st)          111,569     120,019     118,337     349,925     331,698
    -------------------------------------------------------------------------
      Mill Feed
       Rate (stpd)     3,847       4,001       3,945       3,931       3,727
    -------------------------------------------------------------------------
    Silver
    ------
      Feed Grade -
       Oz/Ton Ag        1.08        0.92        1.02        1.01        0.87
    -------------------------------------------------------------------------
      Mill
       Recovery - Ag    85.8%       86.1%       85.2%       85.7%       90.0%
    -------------------------------------------------------------------------
      Recovered
       Ounces        103,809      95,029     102,932     301,770     259,847
    -------------------------------------------------------------------------
    Copper
    ------
    -------------------------------------------------------------------------
      Feed Grade -
       % Cu             0.42%       0.36%       0.40%       0.39%       0.41%
    -------------------------------------------------------------------------
      Mill
       Recovery - Cu    84.7%       84.6%       82.1%       83.8%       87.9%
    -------------------------------------------------------------------------
      Recovered
       Pounds        783,966     729,542     771,262   2,284,770   2,388,947
    -------------------------------------------------------------------------
    Cash Cost(2)
    ------------
    -------------------------------------------------------------------------
      Direct
       Operating Cost
       (US$/st)        19.72       18.46       19.16       19.11       26.89
    -------------------------------------------------------------------------
      By-Product
       Basis
       (payable)(3)
    -------------------------------------------------------------------------
        - Silver
          (US$/oz)
          or,          11.71       15.47       10.97       12.71        2.70
    -------------------------------------------------------------------------
        - Copper
          (US$/lb)      1.63        1.43        1.40        1.49        2.35
    -------------------------------------------------------------------------
      Co-Product
       Basis
       (payable)(3)
    -------------------------------------------------------------------------
        - Silver
          (US$/oz)
          and,         11.22       14.69       12.39        12.7       13.54
    -------------------------------------------------------------------------
        - Copper
          (US$/lb)      1.75        1.59        1.73        1.69        2.88
    -------------------------------------------------------------------------

    Production Table Notes:

    1. Production statistics are on a 100% basis.
    2. Cash cost per payable ounce of silver or payable pound of copper is a
       non GAAP measure. The Company believes that, in addition to cost of
       sales, cash costs per ounce or per pound is a useful and complementary
       benchmark for performance and is well understood and widely reported
       in the mining industry. However, cash costs per ounce does not have a
       standardized meaning prescribed by Canadian GAAP. Investors are
       cautioned that cash costs per ounce or per pound should not be
       construed as an alternative to cost of sales determined in accordance
       with Canadian GAAP as an indicator of performance. The Company's
       method of calculating cash costs per ounce or per pound may differ
       from the methods used by other entities and, accordingly, the
       Company's cash costs per ounce or per pound may not be comparable to
       similarly titled measures used by other entities.
    3. Average commodity prices used to off-set (by-product credit basis) or
       allocate (co-product basis) cash costs are the monthly weighted
       average realized prices based on invoiced shipments.

    Exploration Update
    ------------------
    

    The Company is moving forward with compilation of surface mapping and
review of existing drill hole data in order to prioritize exploration targets
around the Troy Mine. Two drill holes targeting a southern extension of the
lower quartzite zone are planned for completion before year end.
    Mr. John Shanahan, President and CEO, noted "Our exploration and
operating teams continue to do an outstanding job at the Troy Mine. We are
confident that we can continue to sustain our cost cutting initiatives and
foster exploration development in and around existing Troy operations."

    
    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 the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements include but are not limited to those
with respect to our expectation that reserve/resource calculations in progress
will increase both tonnage and grade for mill throughput in 2009, and the
future potential of Troy. Actual results and developments could be affected by
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 with the Securities and Exchange Commission
and Canadian securities regulatory authorities. 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.

    (C) Copyright 2009, Revett Minerals Inc.
    %SEDAR: 00021518E




For further information:

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

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REVETT MINERALS INC.

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