Revett Minerals Inc RVM

NR - Favorable Biological Opinion

[Odin55]

Revett Minerals Receives Favorable Biological Opinion for Rock Creek Project SPOKANE VALLEY, WA, Oct. 13 /CNW Telbec/ - Revett Minerals Inc. (TSX-RVM) ("Revett" or the "Company") is pleased to report that it has received a favorable revised Biological Opinion for the Rock Creek project, located in northwest Montana. This Biological Opinion supports the Record of Decision which approves development of the mine and allows the Company to proceed with its evaluation program at Rock Creek. Revett will immediately begin finalizing the agreements necessary to commence the evaluation adit phase, which will start as soon as weather and other conditions permit. The full text of the Biological Decision will be available shortly on the Company's website at www.revettminerals.com. On March 28, 2005, a federal judge in Montana remanded back to the United States Fish and Wildlife Service (the "USFWS") its Biological Opinion which originally concluded that activities associated with the Rock Creek project would not negatively impact the continued existence of the threatened grizzly bears and bull trout in the Cabinet-Yaak Ecosystem in Montana (i.e. a non-jeopardy opinion). After more than 18 months of further study and evaluation, the USFWS has reconfirmed its findings of non-jeopardy and, furthermore, the USFWS concluded that the mitigation plan "would have a net positive impact on grizzly bears and grizzly bear habitat throughout the CYE (i.e. the Cabinet-Yaak Ecosystem)...We concluded that the measures in the mitigation plan required of the Forest Service and Revett, if implemented, would result in a net reduction in the future human-caused grizzly bear mortality rates, even with development and operation of the proposed mine." It was further stated that "no other grizzly bear ecosystem has received this level of concerted and coordinated effort to reduce conflicts between grizzly bears and people, and reduce the potential for human-caused mortality of grizzly bears". The USFWS also reconfirmed its non-jeopardy conclusions as to potential impacts to the bull trout as a result of the development and operation of the Rock Creek mine. Mr. William Orchow, President and CEO of Revett Minerals, stated "We are delighted to receive this favorable report from the USFWS which forcefully reconfirms what the Company and knowledgeable scientists had believed all along; that is, the Rock Creek Project is a benefit to the grizzly bear population and the accompanying mitigation efforts will actually assist the recovery of the bears in this region of Montana." He also added "we should now be able to proceed with our Rock Creek evaluation program in accordance with our previously announced plans". About Revett ------------ Revett Minerals, through its subsidiaries, owns both the Rock Creek Project and the Troy Mine 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. The Troy Mine was placed back into commercial production by the Company in December 2004. 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. William Orchow President & CEO This press release contains forward-looking statements regarding the Company's plan to immediately take steps to commence the evaluation adit phase and the Company's view that it should now be able to proceed with its Rock Creek evaluation program in accordance with plans as previously announced. Such forward-looking statements assume, among other things, that there are no further legal challenges or opposition to the exploration and development of the Rock Creek project, that regulators continue to support the project, that the future prices of silver and copper are such that the project continues to be economically viable, that the project parameters are not changed following a review of results, and that the Company is able to finance the programs. Actual results and developments may differ materially from those contemplated by the forward-looking statements if any of these assumptions prove incorrect. The forward-looking statements contained in this press release represent the Company's views and expectations as of the date of this press release and should not be relied upon as representing the Company's views and expectations as of a subsequent date. %SEDAR: 00021518E For further information: Scott Brunsdon, CFO or Doug Ward, VP Corporate Development, [phone]; Renmark Financial Communications Inc.: Jason Roy, [e-mail]; Neil Murray-Lyon, [e-mail], [phone], Fax: [phone], www.renmarkfinancial.com