Company Web Site: www.rubiconminerals.com

This report is based on NI 43-101 disclosures and fully diluted share counts available on: 2010-07-14. Metrics have been updated with stock price and metal prices in effect at the close of Canadian markets on 2010-09-02.

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Ad: Find Canada's Next Goldcorp

Are you looking for the next GoldCorp Investment opportunity? Check out Rubicon Minerals and Rubicon's Phoenix project in Red Lake Ontario. Get the GoldMinerPulse Rubicon Minerals Report for C$19 and learn more about the importance of the July, September/October and Q1 2011 milestones at Rubicon as well as the projected stock prices Rubicon is expected to reach once the full NI 43-101 reserve and resource disclosures on Phoenix are released and value of the high grade Phoenix F2 Core zone becomes widely known. FYI, today Rubicon holds 66K ounce of NI 43-101 complaint gold resources yet has a market capitalization approaching C$1B. The biggest shareholder in Rubicon today is Robert McEwen, the former CEO of Goldcorp. Learn more.

 

GoldMinerPulse Most Optimistic Resource Estimate Summary (MORE):
Metrics last with prices in effect at the TSX/TSXV close on 2010-09-02

Project/Deposit	CC	MVpSh	PP%	MI%	I%	Gold
Phoenix Gold	CA	$0.38	0	0	100%	66.80 K oz
GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Sept-02
Metric / Metal						Gold
Metal Totals						66.80 K oz
Metal Prices in US$ (from 2010-09-02)						$1,251.30 per oz
Metal Value per Share (MVpSh) (Shown in US$ and based on fully diluted share count shown below)						$0.38
Percentage of Total Metal Value						100.00%
PP% | MI% | I%						0 | 0 | 100%
GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Sept-02
Metal Value per Share (MVpSh)						US$0.38
Average Ore Value per Tonne						US$250.26
Metal Value Leverage (MVL)						0.09
Market Capitalization as % of Metal Value						1,124.9%
Recent Stock Price						C$4.47   (TSX/TSXV close on 2010-09-02.)   Conversion rate used: 1 Cnd$ = 0.949244 US$ )
Fully Diluted Share Count						221.60 M    ( Fully diluted share count taken Share Structure page on company Web site (viewed April 2010). )
PP% | MI% | I%						0 | 0 | 100%
Gold Metrics-- all Projects/Deposits
Average Gold Ore Grade						6.221 g/t
Market Capitalization     per oz of Gold In Ground						$14,075.69   US$  |   14,828.31   C$
Gold Eq Oz Estimate						66.80 K oz   ( 66.80 K oz are in ground)
Market Capitalization     per oz of Gold Equilavent						$14,075.69   US$  |   14,828.31   C$
See terms for more about GoldMinerPulse metrics.

Additional Notes:

Phoenix Gold Project    -   Rubicon Minerals Resort for sale.

Traditional NI43-101 metrics are currently not applicable for evaluating Rubicon Minerals. Visit the company web site and review their latest presentation to get a sense of the scale of the Phoenix project.

Also see Rubicon Minerals Resort for the anticipated reserve and resource counts from the Phoneix project.  

Other Exploration Projects    -   Alaska and Nevada (viewed December 2008). Also the Kalukundi deposit was placed in a separate company -- see Rubicon Minerals Corporation Announces Closing of Plan of Arrangement

 

GoldMinerPulse Coverage Status:

• GoldMinerPulse coverage of Rubicon Minerals Corporation is complete pending a final internal review.

(NI) 43-101 Report:

Title: EXPLORATION ACTIVITIES OF RUBICON MINERALS CORPORATION ON THE PHOENIX GOLD PROJECT, RED LAKE, ONTARIO FOR THE PERIOD January 2006 to October 2008
Date: 2009-01-09 (82 pages)

Project Location: Ontario, Canada  /  Mining Region: Red Lake greenstone belt

Map View: View the Phoenix project, Goldcorp Red Lake mine and the Madsen project on a Google Map.

Most Optimistic Resource Estimates (MORE):

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.38	66.80 K oz	6.221 g/t	334.01 K t
Estimate notes: See Table 3 : Inferred Resources, McFinley Peninsula (Hogg. Oct 2002). on p. 16 of 91 in the (NI) 43-101 dated December 2005. This estimate was unchanged in the (NI) 43-101 report issued in January 2009.