Revett Reports Q1 2014 Financial Results and Provides Troy Mine Development Update

SPOKANE VALLEY, WASHINGTON--(Marketwired - May 12, 2014) - Revett Mining Company, Inc. (NYSE MKT:RVM)(TSX:RVM) announces its consolidated financial results for the first quarter 2014 and provides an update on development at its Troy Mine in northwest Montana. The financial results are based on US GAAP and all currencies are in United States dollars unless otherwise indicated.

Frist Quarter 2014 Summary:

• Cash and short term investments as at March 31, 2014 were $9.0 million compared to $8.0 million as at December 31, 2013.

• Net loss for the first quarter of 2014 was $0.8 million, or $0.02 per share basic. Net loss for the first quarter of 2013 was $4.1 million or $0.12 per share basic.

• The Company's working capital at March 31, 2014 was $11.8 million.

Consolidated Financial Results

Expenses during the first quarter were significantly less than recent quarters due to continuing cash conservation efforts. I Bed development costs at the Troy Mine during the first quarter of 2014 was approximately $1.9 million.

Selected Financial Highlights:

	First Quarter
	2014	2013
Net Cash from Operations (1)	($3.0m)	($4.7m)
Net Income	($0.8m)	($4.7m)
EPS (basic and fully diluted)	($0.02)	($0.12)

1. Net cash from operations is before capital expenditures and exploration and is a non GAAP measure. The Company believes that net cash from operations is a benchmark for performance and is well understood and widely reported in the mining industry.

Troy Mine I Bed Development