Revett Minerals Reports Strong Operating and Financial Results for the Three and Six Months Ended June 30, 2007.

August 13, 2007 Revett Minerals Inc., Spokane Valley, Washington (TSX-RVM) ("Revett" or the "Company") is pleased to report on its improving operating and financial performance for the three months and six months ended June 30, 2007. All currency in this report is in United States dollars unless otherwise indicated

The major highlights for the quarter ending June 30, 2007, included:

• The Troy Mine (100% basis) reported net income before taxes of $11.2 million for the six months ended June 30, 2007 and $8.2 million for the second quarter. Revett Minerals has a 67% interest in the Troy Mine through its ownership of Revett Silver Company which owns 100% of Troy;
• The Troy Mine (100% basis) generated $4.3 million cash during the six months ended June 30, 2007 and $5.3 million cash during the second quarter of 2007;
• Revett Minerals reported consolidated net income after taxes and non controlling interests of $4.0 million or $0.06 per share for the six months ended June 30, 2007 and $3.7 million or $0.05 per share for the three months ended June 30, 2007;
• Payable metals sales in the second quarter were 3.6 million pounds of copper and 375,602 ounces of silver during the second quarter compared to 2.4 million pounds of copper and 301,276 ounces of silver during the first quarter of 2007; and
• Year to date metal sales are 6.0 million pounds of payable copper and 676,878 ounces of payable silver compared to total metal sales of 6.46 million pounds of copper and 817,250 ounces of silver for the full twelve months of 2006.

Mr. Orchow, President and CEO, of the Company in commenting on the second quarter said "This quarter's performance is by far and way the best financial and operating results that we have reported as a company since our inception. We are very pleased with the production improvements and cost control activities at Troy. The production enhancement programs implemented last year are achieving meaningful increases in mill throughput which has the added benefit of reducing our production costs on a metal produced basis. The management and staff at Troy are to be complemented for the efforts that they have made in improving the operations at the mine". In addition, Mr. Orchow added "we remain deeply saddened by the fatality at Troy which occurred on July 30 and our thoughts and prayers remain with the family and friends of Mr. Ivins."

CONSOLIDATED RESULTS

For the second quarter of 2007, Revett Miner als Inc. reported a net profit of $3.72 million or $0.05 per share on record revenue of $15.9 million.  The year to date net profit is $4.03 million or $0.06 per share on revenue of $26.6 million. This compared to net income of $2.28 million or $0.04 per share during the second quarter of 2006 on revenue of $11.5 million and a six month net income of $2.3 million or $0.04 per share on revenue of $18.9 million for the six months ended June 30, 2006.  Sales revenue was $10.7 million for the first quarter of 2007.

Concentrate deliveries and sales during the second quarter of 2007 totaled 3.6 million pounds of payable copper and 375,602 ounces of payable silver compared to 2.4 million pounds of copper and 301,276 ounces of silver and 1.7 million pounds of copper and 225,071 ounces of silver for the first quarter of 2007 and the second quarter of 2006, respectively.

During the second quarter of 2007 cost of sales was $8.8 million compared to $6.3 million in the second quarter of 2006 and $7.6 million in the first quarter of 2007. Operating costs were higher reflecting increased maintenance costs, higher employee safety and production bonus payments, higher material and supply costs and higher property and mining costs. Depreciation and amortization in this current quarter was $0.4 million compared to $0.3 million in the second quarter of 2006 and $0.4 million in the first quarter of 2007. The Company uses the units-of-production method to depreciate the majority of Troy's plant and equipment and therefore changes in throughput and ore reserves will result in corresponding adjustments to these expense items. The reclamation and closure accretion expense was $0.2 million in the second quarter of 2007 compared to $0.01 million in the second quarter of 2006 and $0.2 million in the first quarter of this year.

Exploration and development costs totaled $0.6 mill ion in the second quarter of 2007 and have totaled $1.1 million year to date compared to $0.3 million in the second quarter of 2006 and $0.6 million for the first six months of 2006. These costs have increased because of the continuation of the Troy Complex exploration program announced earlier this year. General and Administration costs were $1.0 million in the second quarter of 2007, essentially the same as the first quarter of 2007 and compared to $0.7 million in the second quarter of 2006 The main factor affecting the general and administration costs on a quarter over quarter basis are changes in employees' stock option compensation expense. Finally interest income and foreign exchange gains, net of interest expense totaled $1.0 million in the second quarter of 2007 compared to net interest expense of 0.1 million during the second quarter of 2006.

As a result net income before non controlling interest and taxes was $5.8 million for the second quarter of 2007 and $6.9 million year to date compared to $3.7 million for the second quarter of 2006 and $3.9 million for the first six months of 2006. During the second quarter of 2007 net income was $3.7 million or $0.05 per share bringing the year to date net income to $4.0 million or $0.06 per share and in 2006 the second quarter net income was $2.3 million or $0.04 per share and for the first six months net income was $2.3 million or $0.04 per share.

At June 30, 2007, the Company's cash and cash equivalents and short term investments, which consists of cash invested in fixed income securities, totaled $27.6 million compared to $22.4 million as at March 31, 2007. The increase in cash was a primarily a result of the strong financial performance of the Troy Mine.

THE TROY MINE

The table below illustrates certain key operating statistics for Troy (100% basis) for the three months ended June 30, 2007, with a comparison to the previous quarter and also for the three months ended June 30, 2006.

The maintenance of mill throughput levels close to those of the first quarter 2007, but substantially better than mill throughput levels attained in the second quarter of 2006, along with the sustained high level of copper and silver mill recoveries and combined with the recovery in copper and silver prices are the two most significant factors affecting the Company's second quarter operating and financial results. Also during the second quarter, Troy has continued with its "Troy Complex" exploration program. Encouraging preliminary results were released on July 10, 2007. The target of this program is to test the potential for deeper mineralization below the existing mine workings, known as the "I-beds" and to follow up on the known mineralization on the JF claims, about 1.5 miles  south of the Troy ore body.

ABOUT REVETT

Revett Minerals, through its subsidiaries, has a 67% interest in Revett Silver Company which in turn has a 100% interest in both the Rock Creek Project and the Troy Mine, both of which are located in northwest Montana. Based on the drilling to date, Rock Creek contains an estimated inferred resource of 137 million tons grading 1.67 ounces silver per ton and 0.72% copper, containing approximately 229 million ounces of silver and over 2 billion pounds of copper using a cut off grade of US $10.00 per ton. Further information on both the Troy Mine and the Rock Creek Project may be found in the National Instrument 43-101 reports at www.sedar.com. These reports were prepared on behalf of the Company by Mr. Jean-Francois Couture, P.Geo.  and   Mr. Ken Reipas, P.Eng. of SRK Consulting (Canada). Both Mr. Couture and Mr. Reipas are Qualified Persons in accordance with National Instrument 43-101. All of these issues are discussed in greater detail in the Company's official filings at www.sedar.com.