Rubicon Minerals Announces Closing of C$70,000,000 Strategic Investment by Agnico-Eagle Mines Limited

28.07.2011  |  CNW

TORONTO, July 28, 2011 /CNW/ --
TSX:RMX | NYSE AMEX:RBY

TORONTO, July 28, 2011 /CNW/ - Rubicon Minerals Corporation (RMX:TSX | RBY:NYSE-AMEX) ('Rubicon') is pleased to announce that the strategic
investment of C$70,000,000 in Rubicon by Agnico-Eagle Mines Limited
('Agnico-Eagle') by  way of a non-brokered private placement of common
shares has closed.

The securities issued to Agnico-Eagle are subject to a four-month hold
period, expiring November 29, 2011.

The securities have not been registered under the U.S. Securities Act of
1933, as amended, or any state securities laws and may not be offered
or sold in the United States absent registration thereunder or an
applicable exemption from such registration requirements. This press
release shall not constitute an offer to sell or the solicitation of an
offer to buy any of the securities.

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The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.

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For more information, contact Bill Cavalluzzo, VP-Investor Relations, Toll free: 1.866.365.4706
E-mail: bcavalluzzo@rubiconminerals.com  |  www.rubiconminerals.com
Rubicon Minerals Corporation | Suite 1540-800 West Pender Street | Vancouver BC, CANADA  V6C 2V6