EPS100Momentum (71.72)

Buying shares of any company that Rob McEwen is involved in.

April 16, 2007 – Comments (0)

Today I purchased alot more shares of UXG and for the first time
shares of RBY which McEwen is also involved with.

Rubicon and Golden Tag Intersect New Gold-Bearing Zone at McCuaig
Project, Red Lake
Monday April 16, 9:11 am ET

Intercepts include 15.65 g/t Gold over 1.55 metres (0.456 oz/t over
5.1 feet)

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Apr 16, 2007 -- Rubicon
Minerals Corp. (Toronto:RMX.TO - News)(AMEX:RBY - News) and partner
Golden Tag Resources Ltd. (CDNX:GOG.V - News) are pleased to announce
the discovery of a new gold zone at the McCuaig joint venture (Rubicon
60% -Golden Tag 40%) in a first-pass drill test on a new target
developed by Rubicon. One drill hole plus a wedge hole were completed.
Highlights include:

- The wedge off of the one hole drilled at the McCuaig project
intersected 15.65 g/t gold over 1.55 metres (0.456 oz/t over 5.08
feet) in a new target which is hosted by mafic volcanics from within a
thick (20 metre+) heavily quartz-ankerite veined and altered section
which is anomalous in gold and contains varying amounts of sulphides,
including fine grained arsenopyrite. There are no previous drill holes
testing what appears to be a very robust structure and is therefore
wide open for follow up drilling. The McCuaig JV is formulating plans
to follow up this new discovery with additional drilling as soon as
practicable.

- The intercept is interpreted to be down dip of the No. 1 vein at the
adjacent McKenzie Mine. This mine produced 651,000 ounces of gold
between 1935 and 1966. However unlike the No. 1 vein, which was
developed within granite, the McCuaig structure is within Balmer mafic
volcanics which, elsewhere in the camp, are host to significant gold
deposits.

- The McCuaig project, operated by Rubicon, is located on the prolific
Mine Trend in Red Lake and these results confirm that it represents a
prime area for follow up drilling in a setting analogous to the major
mines of the district.

"These results confirm our exploration model and have identified a new
setting for potential high-grade Red Lake type mineralization in this
part of the Mine Trend controlled by Rubicon. Subject to completion of
our recently announced deal with Rob McEwen, we will spend $5.0
million in the Red Lake camp over the next year. The new Rubicon will
have the financial strength to aggressively follow up priority targets
like this on our extensive 180,000 acre Red Lake holdings." said David
Adamson

Rubicon recently completed a one-hole plus wedge, 1172-metre drill
program on the McCuaig project. Rubicon's exploration model suggested
that the No.1 vein structure on the adjacent, formerly producing
McKenzie Mine could be present within more permissive Balmer-age mafic
volcanics. A 935 metre initial mother hole intersected a 26-metre
section (interpreted as greater than 90% true thickness) of intensely
veined and altered basalts at 844 metres downhole. The zone contains
variable amounts of sulphides including trace to 2% fine-grained
arsenopyrite and anomalous gold. Visible gold occurs in a 4.5-metre
thick (interpreted as greater than 90% true thickness) shear
containing arsenopyrite at the base of the altered zone. The
geological setting is considered to be analogous to the Bruce Channel
mineralization currently being explored at the adjacent Gold Eagle
Mines discovery and also to the setting of the major gold deposits of
the camp.

A secondary hole, (MC-07-01AW), was wedged off the mother hole from
822 metres to produce a second cut through the altered zone.

Assay results returned 4.24 g/t gold over 1.7 metres in the mother
hole and 15.65 g/t gold over 1.55 metres, in the wedge hole. Both gold
intercepts occur within an identifiable structure at the base of the
vein zone. The two intercepts demonstrate good continuity within the
shear structure which is open along strike and down dip. Assay results
from the zone are reported in Table 1.

Photographs of the zone along with sections will be posted on the
Company's website at www.rubiconminerals.com

Phoenix Gold Project drilling update (Controlled 100% by Rubicon)

Drilling at moderate depths on the Phoenix Gold Project is ongoing
with two rigs testing newly developed target areas. Results will be
released when assays are received and compiled. Companies are
currently experiencing long turnaround times from assay laboratories.

DMC Project (Optioned to Agnico-Eagle Mines Ltd.)

Agnico-Eagle funded a Phase I, three-hole, 1399-metre, drill program
on the DMC project. All three holes intersected zones containing
visible gold, the most significant returned 57.37 g/t gold over 0.5
metres associated with a 10 cm quartz vein containing visible gold.
This intercept remains open down plunge and has currently been tested
at only moderate depths below surface (295 metres vertical depth).

Rubicon Minerals Corporation is a well-funded, gold-focused
exploration company with over 180 thousand acres of prime exploration
ground in the prolific Red Lake gold camp of Ontario. The Red Lake
gold camp hosts Goldcorp's high-grade, world class Red Lake Mine.
Included in Rubicon's Red Lake land package is the 100% controlled
Phoenix Gold Project. This strategically located property lies along a
proven gold producing trend and covers approximately four kilometres
of strike length potential.

Under the terms of a recently announced agreement with Rob McEwen, Mr.
McEwen will acquire $10 million of Rubicon shares and will arrange for
an additional private placement from other parties of up to $5
million. As well, Rubicon will acquire from a McEwen private company,
512,960 acres of prospective exploration ground in Alaska in the area
of the 4.0 million ounce Pogo deposit. Rubicon will also acquire from
Lexam Explorations Inc., a 225,000 acre land package in northeast
Nevada. The transaction is subject to various conditions including
Rubicon shareholder approval.

RUBICON MINERALS CORPORATION

"David W. Adamson", President & CEO



Table 1: McCuaig Project Assay Results
Hole Number From To Core Length Au
(m) (m) (m) (g/t)
MC-07-01 795.4 796.1 0.70 2.07

850.76 854.3 3.54 1.08

868.7 870.4 1.70 4.24

MC-07-01AW 852.2 853.8 1.60 1.04

866.3 868.3 2.00 1.20
868.3 869.85 1.55 15.65

878.45 879.45 1.00 2.04

True widths are estimated to be approximately 75-90% of reported
lengths. All assays were conducted on sawn NQ2-sized half core
sections. Current program assays by Accurassay Laboratories using the
metallic screen fire assay procedure or fire assay gravimetric finish.
Standards and blanks were included at regular intervals in each sample
batch. Gold standards were prepared by CDN Resource Laboratories Ltd.
Work programs are supervised by Terry Bursey, P.Geo. the project
Qualified Person under the definition of NI 43-101

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
regarding the completion of the recently announced McEwen agreement
and the Company's intention to potentially acquire mineral properties,
statements with respect to a potential financing of units, and
statements with respect to the Companies exploration programs, the
Company's expenditures on such exploration and the anticipated results
of such exploration

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 market prices,
exploitation and exploration successes, continued availability of
capital and financing, inability to obtain required shareholder or
regulatory approvals, 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, the completion of the McEwen financing and assumptions
regarding general business and economic conditions, the timing of the
receipt of shareholder, regulatory and governmental approvals for
Rubicon's proposed transactions, the availability of financing for
Rubicon's proposed transactions and exploration and development
programs on reasonable terms and the ability of third-party service
providers to deliver services in a timely manner. The foregoing list
of assumptions is not exhaustive. Events or circumstances could cause
results to differ materially



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


Contact:

Contacts:
Rubicon Minerals Corporation
Bill Cavalluzzo
VP Investor Relations
Toll free: 1-866-365-4706
Email: bcavalluzzo@rubiconminerals.com
Website: http://www.rubiconminerals.com


Source: Rubicon Minerals Corporation