Rubicon Minerals Corporation Added to S&P/TSX Composite Index

TSX:RMX/NYSE Amex:RBY

VANCOUVER , Dec. 14 /CNW/ - Rubicon Minerals Corporation (RMX. TSX: RBY.NYSE Amex) is pleased to announce it has been added to the Toronto Stock Exchange's benchmark S&P/TSX Composite Index, effective from December 21, 2009 . The S&P/TSX Composite Index is an index of the equity prices of the largest companies on the Toronto Stock Exchange (TSX) as measured by market capitalization and represents approximately 70% of the market capitalization for Canadian-based companies listed on the Toronto Stock Exchange.

President and CEO David Adamson said: "Inclusion in the Index is another important milestone for Rubicon and is testament to the value we have achieved for shareholders during 2009. "

Rubicon Minerals Corporation is a well-funded exploration company, focusing on exploring and developing gold projects in politically safe jurisdictions. In addition to its large land package in the Red Lake gold district of Ontario, Rubicon controls over 590 square miles surrounding the Pogo Mine in Alaska as well as over 350 square miles in northeast Nevada. Rob McEwen, former Chairman and CEO of Goldcorp Inc., owns 21.5% of the issued shares of the Company.

    
    RUBICON MINERALS CORPORATION
    "David W. Adamson"
    President & CEO

    Forward Looking Statements
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This news release contains statements that constitute "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934 and "forward looking information" within the meaning of applicable Canadian provincial securities legislation (collectively, "forward-looking statements") . Forward-looking statements often, but not always, are identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", "targeting" and "intend" and statements that an event or result "may", "will", "should", "could", or "might" occur or be achieved and other similar expressions. Forward-looking statements in this document include statements regarding the timing and nature of future exploration programs which are dependent on projections which may change as drilling continues.

The forward-looking statements that are contained in this news release are based on various assumptions and estimates by the Company and involve a number of risks and uncertainties. As a consequence, actual results might differ materially from results forecast or suggested in these forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause the actual results to differ include market prices, results of exploration, availability of capital and financing on acceptable terms, inability to obtain required regulatory approvals, unanticipated difficulties or costs in any rehabilitation which may be necessary, market conditions and general business, economic, competitive, political and social conditions. These statements are based on a number of assumptions, including assumptions regarding general market conditions, timing and receipt of regulatory approvals, the ability of the Company and other relevant parties to satisfy regulatory requirements, the availability of financing for proposed transactions and programs on reasonable terms and the ability of third-party service providers to deliver services in a timely manner. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements, there may be other factors which cause actual results to differ.

Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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

For further information: Bill Cavalluzzo, VP-Investor Relations, Toll free: 1-866-365-4706, E-mail: [email protected], www.rubiconminerals.com, Rubicon Minerals Corporation, Suite 1540-800 West Pender Street, Vancouver, BC, CANADA, V6C 2V6