Rubicon Minerals Announces Filing of its Annual Financials for the fiscal year ended December 31, 2011

TORONTO, March 28, 2012 /PRNewswire/ - Rubicon Minerals Corporation (TSX: RMX) (NYSE-AMEX: RBY) ("Rubicon") today announced that it has filed its Annual Information Form, audited Consolidated Financial Statements and related Management's Discussion and Analysis for the financial year ended December 31, 2011.  Rubicon also confirms that its annual SEC filing under Form 40-F has been made and that copies of Rubicon's annual financials can be obtained at www.rubiconminerals.com or www.sedar.com or www.edgar.com.

Shareholders may request a hard copy of the complete annual financials free of charge upon request.

About Rubicon Minerals Corporation

Rubicon Minerals Corporation is an exploration and development company, focused on exploring and developing its high-grade gold discovery at its Phoenix Gold Project in Red Lake, Ontario.  Rubicon controls over 100 square miles of prime exploration ground in the prolific Red Lake gold district of Ontario which hosts Goldcorp's high-grade, world class Red Lake Mine. Rubicon's shares are listed on the NYSE-AMEX (RBY) and the TSX (RMX) Exchanges and has traded on average, 1.7 million shares per day in 2011. Rubicon's shares are included in S&P/TSX Composite Index and Van Eck's Junior Gold Miners ETF.

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

SOURCE Rubicon Minerals Corporation

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