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Revett Minerals Inc. - Emerging Silver/Copper Producer

March 17, 2005

Spokane , Washington – Revett Minerals Inc. (RVM-TSX) would like to provide this brief corporate profile for investors whom may be unfamiliar with our business.

Revett Minerals Inc. was incorporated in August of 2004. In association with its initial public offering in February 2005, in which gross proceeds of Cdn $34.5 million was raised including the exercise of an over-allotment option, the company acquired a 65% holding in Revett Silver Company, a private U.S. company. Revett Silver owns 100% of two substantial silver/copper assets located in northwestern Montana , USA ; the Troy Mine, and the Rock Creek development project. The remaining 35% of Revett Silver’s outstanding shares are held by the original shareholders.

Troy Mine
Revett Silver acquired the Troy Mine in 1999. In April 2004, the company decided to place the mine back into production after a 12 year period of care-and-maintenance. Production commenced in December 2004 and will ramp up through the 2^nd quarter of 2005 as new mining equipment is delivered, with expected production for the year totaling 2.8 million ounces of silver, and 23.4 million pounds of copper. At full production, the mine is expected to average 3.2 million ounces of silver, and 26 million pounds of copper per year.

Troy Reserves

Classification

(31 Dec 2004)

Tons

(M tons)

Silver Grade

(oz/ton Ag)

Copper Grade

(% Cu)

Contained Silver

(Moz Ag)

Contained Copper

(Mlbs Cu)

Proven & Probable

8.7

1.57

0.65%

13.6

113

1.                    Mineral Reserves have been categorized in accordance with the classifications defined by the Canadian Institute of Mining, Me tallurgy and Petroleum.
2.                    Using a cut-off grade of US$12 net smelter return per ton.
3.                    The estimated mineral reserves are based upon a technical report (the “ Troy Report”) dated August 16, 2004, amended as of January 27, 2005, prepared by SRK Consulting, Toronto (“SRK”) in accordance with National Instrument 43-101 (“NI 43-101”).

Although the current mine plan at Troy calls for an approximate 3½ year life, additional resources in the mine may extend the life by at least 2 more years.

Rock Creek Project
Revett Silver acquired Rock Creek in 1999 and completed the permitting related work initiated in 1987 by the prior operator, ASARCO Inc. Mineral patents (title ownership) were granted in 1989, with the Final Environmental Impact Statement (“EIS”) being released jointly by the U.S. Forest Service (“USFS”) and Montana Department of Environmental Quality (“MDEQ”) in August 2001. Based on the findings in the EIS, as well as additional agency work and review, a positive Record of Decision (“ROD”) was issued by the USFS and MDEQ to Revett Silver in June 2003. This allows the company to proceed with evaluation and development of the project as proscribed in the ROD.

The first phase of development will commence in the spring of 2005, with the objective of producing a technical and economic feasibility study by early 2007. Presuming a positive feasibility study, and the receipt of necessary construction permits and financing, Revett intends to develop Rock Creek as a 10,000 ton per day underground mine with a conventional mineral flotation processing facility, and estimated annual production of 7 million ounces of silver, and 54 million pounds of copper.

Rock Creek Resource

Classification

(31 Dec 2004)

Tons

(M tons)

Silver Grade

(oz/ton Ag)

Copper Grade

(% Cu)

Contained Silver

(Moz Ag)

Contained Copper

(Mlbs Cu)

Inferred

137

1.67

0.72%

229

2,022

1. Mineral Reserves have been categorized in accordance with the classifications defined by the Canadian Institute of Mining, Me tallurgy and Petroleum.

2. Using a cut-off grade of US$10 net smelter return per ton.

3. The estimated mineral reserves are based upon a technical report (the “Rock Creek Report”) dated May 7, 2004, amended as of January 27, 2005, prepared by SRK Consulting, Toronto (“SRK”) in accordance with NI 43-101.

Further information on Revett Minerals Inc., as well as the Troy Mine and Rock Creek Project, may be found at www.sedar.com. The National Instrument 43-101 reports for Troy and Rock Creek were prepared on behalf of the Company by Jean-Francois Couture, P.Geo. and Ken Reipas P.Eng. of SRK Consulting ( Canada ) and they are qualified persons under N.I. 43-101.

William Orchow
President & CEO

For more information, please contact:
Scott Brunsdon, CFO or Doug Ward, VP Corporate Development at (509) 921-2294 or visit our website at www.revettminerals.com

Not for distribution to U.S. Newswire Services or for dissemination in the United States. The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, (“U.S. Securities Act”) or any state securities laws and, unless registered under the U.S. Securities Act or pursuant to an applicable exemption from registration under the U.S. Securities Act, may not be offered, sold, reoffered, resold or delivered, directly or indirectly, in the United States or to U.S. Persons (as defined in Regulation S under the U.S. Securities Act). This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. 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, including but not limited to those with respect to the price of silver and copper,the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production,involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.Such factors include, among others, risks relating to environmental laws and regulations, the actual results of current exploration activities, actual results of current reclamation activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of silver and copper, as well as those factors discussed in the section entitled “Risk Factors” in the Final Long-From Prospectus as on file with the Ontario Securities Commission. 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.

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