Troy Mine Achieves Sixth Year Of Increased Productivity 

SPOKANE VALLEY, WA - Revett Minerals Inc. reported that it has achieved its sixth consecutive year of increased productivity at its 100% owned Troy Mine located in Northwest Montana. Highlights: Net cash provided from operations before capital expenditures was $12.2 million; Record mill throughput with 1.3 million tons processed. Averaging 3,807 stpd for 2010 as compared to 3,725 stpd in 2009; Completion of the 3,000 ft. decline to access the higher grade C Bed area; Extended the mine life of Troy to a total of seven years with the addition of 4 million tons of mineable reserves in the I Beds; and Continued exploration efforts focusing on I Bed target areas beneath and adjacent to the existing mine infrastructure.

While the production rate improved overall in 2010, an increase in development focus during the fourth quarter on the C bed area resulted in fewer active headings, temporarily reducing production and increasing direct operating costs. Head grades and metal recovery improved in January, and production is anticipated to return to planned levels as additional headings are developed. Total production for 2011 is estimated to be 1.3 million ounces of silver and 11.0 million pounds of copper. 2011 production costs on a net of by-product basis are expected to be $3.32 per ounce of silver and $1.48 per pound of copper and on a co-product basis costs are estimated to be $10.39 per ounce of silver and $2.08 per pound of copper. John Shanahan, President and CEO, said, "2010 has proven to be a pivotal year as our operations at Troy have provided significant cash flow and our development efforts have opened up new mining areas and identified further near term exploration targets. As we focus on realizing the full potential of the Troy Mine, meeting our 2011 production targets and advancing the Rock Creek project, we remain committed to the safety of our employees, the communities where we operate and responsible mineral development above all else." The company's address is 11115 East Montgomery, Suite G, Spokane Valley, WA 99206, (509) 921-2294, fax: (509) 891-8901.