Rubicon Minerals Corporation
TSX : RMX
OTC PINK : RBYCF

Rubicon Minerals Corporation

August 11, 2016 17:30 ET

Rubicon Announces Appointment to the Board and Environmental Status Update

TORONTO, ONTARIO--(Marketwired - Aug. 11, 2016) - Rubicon Minerals Corporation (TSX:RMX)(OTC PINK:RBYCF) ("Rubicon" or the "Company") announces the appointment of Daniel Burns, J.D., MBA, CPA, CMA, ICD.D, A.C.C to the Board of Directors (the "Board"). Mr. Burns is a lawyer, accountant and entrepreneur. He is currently the President and CEO for NDC Solutions Inc., a software applications company developing mobile and web corporate booking programs for major airlines.

Mr. Burns is an experienced director in the fields of financial services, investment management and insurance. He is currently the Chair of the World Council of Credit Unions (based out of Washington, DC), director of the Cooperators Insurance Group and member of the Desjardins Group Advisory Committee. Mr. Burns was formerly the Chair of Credit Union Central of Canada and Chair of Central 1 Credit Union (which manages the assets and liquidity of the British Columbia and Ontario credit union systems.), director of Addenda Capital Inc., Coast Capital Savings and the Nature Conservancy of Canada. Mr. Burns has also served on the audit committees of a number of issuers, including acting as chair of the audit committees of the World Council of Credit Unions and Central 1 Credit Union.

Mr. Burns completed the International Company Directors Course (Australian Institute of Company Directors) and holds the ICD.D (Institute of Corporate Directors) and A.C.C. (The Directors College) designations. He teaches the advanced governance program for the Canadian Board Diversity Council. Mr. Burns graduated from the University of Western Ontario with a Bachelor of Arts, Economics in 1984, from the University of British Columbia with a Juris Doctor, J.D., 1988. He graduated the Omnium Global MBA program, receiving an MBA from the Rotman School of Management at the University of Toronto and a global executive MBA from St. Gallen University, Switzerland. He was admitted to the Certified Management Accountants Society of Ontario (CMA) in 2009 and the Chartered Professional Accountants of Ontario (CPA) in 2014.

Ministry of the Environment and Climate Change of Ontario ("MOECC") Order Revoked

The Company is pleased to announce that the Director's Order it received from the MOECC on September 8, 2015, which outlined environmental requirements that Rubicon had to fulfill at its Phoenix Gold Project, has been satisfied and it has been revoked.

RUBICON MINERALS CORPORATION
"Julian Kemp"
Interim President, Chief Executive Officer and Chairman

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

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