Rubicon Minerals Announces Closing of C$70M Strategic Investment by Agnico-Eagle Mines Limited

Rubicon Minerals Corporation

announces that the strategic investment of C$70,000,000 in Rubicon by Agnico-Eagle Mines Limited by way of a non-brokered private placement of common shares has closed. The securities issued to Agnico-Eagle are subject to a four-month hold period, expiring November 29, 2011.