This information was accurate at the time of posting, but may be superseded by
subsequent news releases.
Troy Mine Legal Update
February 9, 2009Spokane Valley, Washington (February 9, 2009) – Revett Minerals Inc. (RVM-TSX) (“Revett” or “the Company”) announced today that a legal action related to an accident at Troy that resulted in a fatality on July 30th, 2007 was filed on June 20th, 2008 and served on the Company last week. The action alleges causes of action based on negligence, failure to provide a safe place to work, strict liability for abnormally dangerous activity and intentional and malicious acts and omissions and seeks compensatory damages in the amount of US$ 8 million and punitive damages in the amount of US$ 10 million. The Company is consulting with its attorneys and will vigorously defend itself against the action.
For more information, please contact: John Shanahan, CEO or Doug Ward, VP Corporate Development at (509) 921-2294 or visit our website at
www.revettminerals.com.
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 the outcome of the recently served legal action against the Company which is uncertain and could materially impact our financial condition. 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 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.
© Copyright 2010, Revett Minerals, Inc.
