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Gold/Mining/Energy : Rubicon Minerals

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From: Beam	3/13/2013 7:53:09 AM
	of 470

Rubicon Minerals Consents to Wabauskang First Nation's Request to Postpone Application for Judicial Review TORONTO, March 12, 2013 /PRNewswire/ - Rubicon Minerals Corporation (RBY) ("Rubicon" or the "Company") and the Province of Ontario have both consented to the request of Wabauskang First Nation ("WFN") to postpone their application for judicial review of the production closure plan. Under the terms of the consent order, WFN will not be able to perfect their application until 90 days after the Ontario Court of Appeal gives its decision in Keewatin v. Minister of Natural Resources. Rubicon has demonstrated good faith and has respectfully engaged with its Aboriginal neighbours. WFN's request for a postponement was welcomed by Rubicon. The Company prefers continued negotiations with WFN and hopes for meaningful progress towards a benefits agreement with the WFN during this postponement. Rubicon is proud of its consultation record with the neighbouring Aboriginal Communities and of its conduct in the Red Lake district, including the Company's commitment to safe and responsible resource development and the successful provision of contracting and employment opportunities for Aboriginal Communities (see www.rubiconminerals.com for more information). The Company continues shaft development and the construction of key surface infrastructure at the Phoenix Gold Project. While Rubicon remains committed to the ongoing consultation and negotiation process, if necessary, Rubicon is prepared to vigorously defend its consultation record and its ability to continue development of the Phoenix Gold Project, in any legal dispute. About Rubicon Minerals Corporation Rubicon Minerals Corporation is an advanced stage gold development company, focused on responsible and environmentally sustainable development of its Phoenix Gold Project in Red Lake, Ontario towards projected gold production in 2014. Rubicon is well-funded and its flagship Phoenix Gold Project is fully permitted for production. In addition, Rubicon controls over 100 square miles of prime exploration ground in the prolific Red Lake gold district which hosts Goldcorp's high-grade, world class Red Lake Mine. Rubicon's shares are listed on the NYSE.MKT (RBY) and the TSX (RMX) Exchanges. Rubicon's shares are included in the S&P/TSX Composite Index. RUBICON MINERALS CORPORATION "Mike Lalonde" President and Chief Executive Officer Rubicon Minerals Consents to Wabauskang First Nation's Request to Postpone Application for Judicial Review - Seeking Alpha

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