Revett Minerals Inc., Spokane Valley, Washington (“TSX-RVM”) (“Revett” or the “Company”) shares have been approved  to be listed and posted for trading on the US OTC Bulletin Board under the ticker symbol RVMIF.OB, effective June 2, 2009.

 

The Listing, sponsored by Pennaluna & Co. in Coeur d’Alene, Idaho, was approved by the Financial Industry Regulatory Authority (FINRA) on June 1, 2009. The OTCBB includes more than 230 participating market-makers; and, electronically displays and transmits real-time quotes, price and volume information.

 

John Shanahan, President/CEO stated, "This is an important step as the Company continues to build on the solid productivity and exploration efforts at the operating Troy Mine and advancement of Rock Creek project permitting. We have seen an increasing interest in our company from investors in the United States and being listed on the bulletin board is expected to provide shareholders with greater liquidity and a more efficient way to trade Revett Minerals shares in the U.S.”

 

Revett Minerals shares will continue to be listed and traded on the Toronto Stock Exchange, which is the primary market for the company's shares under the symbol RVM.

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

 

For more information, please contact:

 

Doug Ward, VP Corporate Development or Monique Hayes, Corporate/Investor Communications 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 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 be taken”, “occur” or “be achieved”. Forward-looking statements contained in this press release include but are not limited to statements with respect to our expectation that listing on the OTCBB will provide shareholders with greater liquidity and a more efficient way to trade Revett Minerals shares in the U.S. as well as statements respecting our plans on expanding production. Actual results and developments could be affected by low volumes on the OTCBB, 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.