Rubicon Appoints Vice President-Exploration



    TORONTO STOCK EXCHANGE SYMBOL: RMX
    AMEX SYMBOL: RBY

    TORONTO, June 28 /CNW/ - Rubicon Minerals Corporation (RMX.TSX -
RBY.AMEX) is pleased to announce that it has appointed Matthew C. Wunder to
the position of Vice President-Exploration. Mr. Wunder is a P.Geo. with over
20 years of experience with both major and junior mining companies managing
and evaluating key projects and new business opportunities throughout Canada,
U.S.A., Mexico and Central America. Matthew's areas of expertise include
project evaluations and due-diligence, resource evaluations and estimations,
project management, planning and implementation. Most recently, Matthew was a
Senior Consultant within the Ore Evaluations Group at a major consulting firm.
    David Adamson, President and CEO said: "We are very pleased to have
Matthew aboard the new Rubicon to add his expertise and experience to our
existing exploration team which is embarking on an $8.0 million exploration
program this year, focused in Red Lake, Ontario and in Alaska."

    Rubicon Minerals Corporation is a well-funded, gold-focused exploration
company which is owned 32.8% by Rob McEwen. Rubicon controls over 150 square
miles of prime exploration ground in the prolific Red Lake gold camp of
Ontario which hosts Goldcorp's high-grade, world class Red Lake Mine. In
addition to the Phoenix Project, Rubicon is currently drilling our 60% owned
McCuaig project in Red Lake and is also carrying out drilling on its extensive
Pogo district holdings in Alaska as part of its aggressive 12-month $8.0 MM
exploration program.

    Forward-Looking Statements

    This news release contains certain statements that may be deemed
"forward-looking statements". All statements in this release, other than
statements of historical fact, that address events or developments that the
Company expects to occur, are forward looking statements. Forward looking
statements are statements that are not historical facts and are generally, but
not always, identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "potential" and similar
expressions, or that events or conditions "will", "would", "may", "could" or
"should" occur. Forward-looking statements in this document include statements
with respect to the Company's exploration programs, its expenditures on such
exploration programs and the anticipated results of such exploration programs.
    Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results may
differ materially from those in the forward-looking statements. Factors that
could cause the actual results to differ materially from those in
forward-looking statements include uncertainty with respect to findings under
exploration programs and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ materially from
those projected in the forward-looking statements. Forward looking statements
are based on the beliefs, estimates and opinions of the Company's management
on the date the statements are made. The Company undertakes no obligation to
update these forward-looking statements in the event that management's
beliefs, estimates or opinions, or other factors, should change.
    These statements are based on a number of assumptions, including, among
others, assumptions regarding general business and economic conditions, the
ability of management to successfully implement the planned exploration. The
foregoing list of assumptions is not exhaustive. Events or circumstances could
cause results to differ materially.

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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 further information:

For further information: Bill Cavalluzzo, Vice President-Investor
Relations, Toll free: 1.866.365.4706 or by E-mail at:
bcavalluzzo@rubiconminerals.com


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