Rubicon Minerals Corporation
TSX : RMX
OTC PINK : RBYCF

Rubicon Minerals Corporation

March 31, 2016 20:00 ET

Rubicon Announces Board and Management Changes

TORONTO, ONTARIO--(Marketwired - March 31, 2016) - Rubicon Minerals Corporation (TSX:RMX)(OTC PINK:RBYCF) ("Rubicon" or the "Company") announces that Julian Kemp, CPA, C.Dir., currently a Director of the Company, will be appointed to the roles of President and Chief Executive Officer ("CEO") and Chairman of the Board of Directors (the "Board") on an interim basis, effective April 1, 2016. Mr. Kemp is assuming these roles to lead the continued review of the strategic alternatives for the Company. He replaces Chairman David R. Beatty, C.M., O.B.E., and Interim President and CEO and Director Michael Winship, P.Eng. Mr. Winship has resigned to assume the role of President of the Canadian Institute of Mining, Metallurgy, and Petroleum, beginning May 2016. Mr. Beatty has resigned to pursue other interests. The Company intends to commence, under the supervision of the Board, a search for a new Chairman, President and CEO as part of Rubicon's next steps in advancing its review of strategic alternatives.

Mr. Kemp was appointed to the Rubicon Board in June 2010. Mr. Kemp has over 20 years of experience in the mining industry, mostly serving in senior financial and administrative management roles. His experience has been focused on restructuring and transforming exploration and development companies into producers. Mr. Kemp has guided various junior mining companies with precious metals, base metals and coal operations in North America and internationally as well as mining engineering and contracting companies. Formerly, he was the Vice President Finance and Chief Financial Officer of Fortune Minerals Limited, a position he held from 2004 to 2013. Mr. Kemp has also previously served as a Director for a number of public companies such as Director and Audit Committee Chairman of Claim Post Resources Inc. and Sierra Minerals Limited. He is a Chartered Professional Accountant and holds a Bachelor of Business Administration degree from Wilfrid Laurier University. In addition, Mr. Kemp obtained the Chartered Director (C.Dir.) designation from The Directors College (a joint venture of McMaster University and the Conference Board of Canada) in 2012.

"On behalf of the Board, we would like to thank David and Michael for their contributions to Rubicon and wish them well in their future endeavours," stated Mr. Kemp.

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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