Revett Minerals

Published : June 01st, 2007

Funds First Phase of Grizzly Recovery Program

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Keywords :   Idaho | Recovery |

Revett Funds First Phase of Grizzly Recovery Program
Enables Montana Fish, Wildlife & Parks to Hire Specialist

SPOKANE VALLEY, Wash. - June 1, 2007 - Revett Minerals (TSX: RVM) announced today that it recently completed the first phase of funding to enhance grizzly bear recovery efforts in the Cabinet-Yaak Ecosystem (CYE) in Northwest Montana. 

"While others talk about recovery efforts, Revett is stepping up to the plate to provide much-needed funding for Montana Fish Wildlife and Parks (FWP) to help carry out the overall grizzly bear recovery program," said Bill Orchow, President and CEO of Revett, adding, "the $250,000 provided by Revett will allow FWP to hire a wildlife conflict specialist now and a law enforcement officer later."

This funding is part of a long-term commitment by the company in conjunction with the planned development of the Rock Creek Mine in Sanders County.  "This is just the beginning of what we hope is a long-term relationship with state and federal agencies that will protect grizzly bears and enhance their habitat in the Cabinet-Yaak Ecosystem," which encompasses 1.6 million acres in northwestern Montana, a portion of north Idaho and includes the area around our Troy Mine, Orchow continued.  The primary agencies involved in the cooperative effort are Montana FWP, the U.S. Fish & Wildlife Service and the U.S. Forest Service.

In another critical step toward grizzly recovery, Orchow reported Revett has also purchased 273 acres of property that wildlife agencies' experts determined is prime grizzly bear habitat.  That land, near the Cabinet Mountain Wilderness, will be permanently set aside from development once the mining project begins.  Over the life of the mine, Revett will acquire a total 2,450 of acres of land to enhance grizzly populations.

According to Orchow the $250,000 provided by Revett is only the first phase of a 30-year commitment by the company to fund in excess of $20 million in today's dollars. Orchow noted that amount - specifically to benefit the estimated 30 to 40 grizzly bears in the Cabinet-Yaak Ecosystem - is on par with what has been spent by all parties to date on grizzly recovery in the entire lower 48 states.  He also noted that monitoring by biologists of two grizzly bears recently relocated into the ecosystem near the Troy Mine, has shown that the existing underground operation does not appear to affect the bears.

Continued funding of the recovery efforts by the company is, of course, dependent on the Rock Creek Mine project moving forward.

In addition to grizzly bears, the protection of bull trout and the enhancement of their habitat have been given special attention as Revett moves forward with permitting the Rock Creek Mine, which will employ 300 workers for more than 20 years.

"It's time to move forward with this project in the spirit of cooperation to protect the wildlife and the environment, not only with government agencies, but also the local communities," Orchow concluded.

For more information, contact: 

Bill Orchow or Carson Rife
Revett Minerals, 509-921-2294

RENMARK FINANCIAL COMMUNICATIONS INC.
JASON ROY : JROY@RENMARKFINANCIAL.COM
MICHAEL SHORE : MSHORE@RENMARKFINANCIAL.COM
MEDIA - EVA JURA : EJURA@RENMARKFINANCIAL.COM
TEL. : (514) 939-3989
FAX : (514) 939-3717
WWW.RENMARKFINANCIAL.COM

Revett Minerals

PRODUCER
CODE : RVM.TO
ISIN : CA7615051066
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Revett is a silver and copper producing company based in United states of america.

Its main asset in production is TROY in USA and its main asset in development is ROCK CREEK in USA.

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Corporate Presentations of Revett Minerals
9/17/2009Comprehensive Coverage of Financial Markets
Annual reports of Revett Minerals
Annual report 2006
Financials of Revett Minerals
5/12/2011Provides Q1 2011 Financial Results
3/23/2011Reports on 2010 Financial and Operating Results
8/13/2008Reports Operating and Financial Results for the Three and Si...
3/28/2008Reports on 2007 Financial and Operating Results
8/13/2007 Reports Strong Operating and Financial Results for the Thre...
5/11/2007Reports Operating and Financial Results for the Three Months...
Project news of Revett Minerals
1/24/2008(Troy)Updates Reserve Estimates at the Troy Mine.
12/14/2007(Rock Creek)Reports on Significant Rock Creek Permit Progress
7/10/2007Announces Discovery of New Mineralization at Troy
4/11/2007Reports on Troy's Operational Improvements
Corporate news of Revett Minerals
5/8/201510-Q for Revett Mining Co., Inc.
4/30/201510-K for Revett Mining Co., Inc.
3/30/2015Revett Mining Company Provides 2014 Financial Results
3/27/2015Revett Minerals Inc.: HECLA TO ACQUIRE REVETT IN $20 MILLION...
3/2/2015Revett Mining Provides Update on Rock Creek Permitting and T...
3/2/2015Revett Minerals Inc. : Revett Mining Provides Update on Rock...
3/2/2015Revett Mining Provides Update on Rock Creek Permitting and T...
1/20/2015IIROC Trade Resumption - RVM
1/20/2015Revett Places Troy Mine on Care & Maintenance
1/19/2015IIROC Trading Halt - RVM
11/10/2014Revett Reports Q3 2014 Financial Results and Provides Troy M...
10/1/2014Revett Resumes Underground Crushing Operations at Troy Mine
8/26/2014Revett Announces US $5 Million Loan Agreement
8/11/2014Revett Reports Q2 2014 Financial Results and provides Troy M...
7/1/2014Revett Provides Update on Troy Mine Development and Rock Cre...
6/20/2014Revett Mining Announces Results of Its 2014 Annual Meeting
5/12/2014Revett Reports Q1 2014 Financial Results and Provides Troy M...
3/27/2014Revett Mining Company Provides 2013 Financial Results
3/27/2014Revett Mining Company Provides 2013 Financial Results
3/26/2014Revett Completes Private Placement
5/26/2011Begins Trading on NYSE Amex Options
5/4/2011Approved for NYSE Amex Listing
2/25/2011Announces Analyst Coverage Initiated by Stonecap Securities
9/10/2008Announces New President & CEO
6/2/2008Commences Work at Rock Creek.
11/26/2007Acquires Rock Creek Mitigation Lands
11/20/2007Mr. Louis Gignac Appointed Director
8/15/2007Reports Resumption of Mining at Troy.
7/31/2007Minerals Reports on Mine Fatality
7/13/2007Reports on Troy's Continuing Production Improvements
6/1/2007Funds First Phase of Grizzly Recovery Program
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