Hecla to Acquire Revett in $20 Million Stock Deal - Seite 2

John Shanahan, Revett's President and CEO, commented "Current market conditions do not allow us to maintain the Troy Mine on care and maintenance and pursue our objective of developing Rock Creek. We share similar core values with Hecla and see them as the company with the financial and technical capabilities to develop the potentially world class Rock Creek deposit in an efficient and responsible manner. We believe our shareholders, along with the communities of northwest Montana who have been so supportive in our endeavors, will benefit greatly from this merger."

Following the merger, Hecla expects to close and reclaim the Troy Mine and associated facilities. The mine was placed on care and maintenance in January 2015 by Revett. The companies believe that the cost of reclamation at Troy will be borne by the current insurance backed reclamation policy that was established by Revett for that purpose.

⁽¹⁾ Refer to cautionary note on reserves and resources at the end of the release.

Roman Friedrich & Company LLC is acting as financial advisor to Revett on this transaction and rendered a fairness opinion to Revett's Board of Directors in connection with the transaction.

The Company's 2014 year end consolidated financial results are expected be released on Monday, March 30, 2015. The Company has scheduled a conference call to review the results on Monday, March 30, 2015 at 11:30am (EDT). To participate in the call, North American callers can call [phone] and International callers can call [phone]. Please dial in to the call approximately five to ten minutes prior to the scheduled start time of the call. The conference call and all questions and answers will be recorded and made available until April 13, 2015. To listen to the recording, call toll free [phone] or [phone] and enter the access code 15383858.

About Revett

Revett Mining Company, Inc., through its subsidiaries, owns and operates the Troy Mine in Lincoln County, Montana and permitting-stage Rock Creek project located in Sanders County, Montana, USA.

John Shanahan, President and Chief Executive Officer

Hecla will file with the SEC a registration statement on Form S-4 (or amendment thereto) that will include the Proxy Statement of Revett that also constitutes a prospectus of Hecla. Hecla and Revett plan to mail the Proxy Statement/Prospectus to Revett's shareholders in connection with the transaction. INVESTORS AND SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT HECLA, REVETT, THE TRANSACTION AND RELATED MATTERS. Investors and shareholders will be able to obtain free copies of the Proxy Statement/Prospectus and other documents filed with the SEC by Hecla and Revett through the website maintained by the SEC at www.sec.gov. In addition, investors and shareholders will be able to obtain free copies of the Proxy Statement/Prospectus and other documents filed by Hecla with the SEC by contacting Hecla's Investor Relations department at Hecla Mining Company; Investor Relations; 1-800-HECLA91 (1-800-432-5291); [e-mail], and will be able to obtain free copies of the Proxy Statement/Prospectus and other documents filed by Revett by contacting Revett Investor Relations at 509-921-2294 or by calling 1-866-921-2294.