Revett Places Troy Mine On Care & Maintenance

SPOKANE VALLEY, WA - Revett Mining Company, Inc. has decided, due to low metal prices, to place the Troy Mine on care and maintenance. Development work to the I Beds will cease immediately and milling operations will continue through to the end of January 2015. An orderly shutdown will take place during the month of February with the expectation that development and operations may resume in a more favorable metals price environment. The Company will continue to focus on Rock Creek permitting efforts with the expected issuance of the draft Supplemental Environmental Impact Statement issued for public comment by mid-2015.

Since resuming milling operations in mid-November 2014, the Company has produced 27,053 ounces of silver and 159,121 pounds of copper to date from limited mining operations in the C Beds. An additional estimated 40,000 tons of ore will be processed through the mill as part of the orderly shutdown. The I Bed development drift has been extended beyond the North C Bed production area with 5,400 feet of development drifting remaining to reach I Bed mineralization.

John Shanahan, Revett's President and CEO stated, "Although this is a difficult decision, it is important to note that redevelopment efforts at Troy have been successful. Unfortunately, at current metal prices, commercial operations are not sustainable in the near term. We believe that in a higher metals price environment, it may be possible to recommence operations at Troy and complete development to the I Beds. We are very proud of the efforts and accomplishments of our operating team during the past two years. Placing the Troy Mine on care and maintenance will conserve cash while we focus on Rock Creek permitting and preserve Troy as a viable deposit for possible future development."

Revett Mining Company, through its subsidiaries, owns and operates the Troy Mine in Lincoln County, Montana and development-stage Rock Creek Project located in Sanders County, Montana, USA. The proven reserves at the Troy Mine and significant resources at the Rock Creek project form the basis of Revett's plan to become a premier mid-tier base and precious metals producer.