Amended NI 43-101 Technical Report for Rubicon's Phoenix Gold Project

VANCOUVER, Feb. 14 /CNW/ --
TSX:RMX | NYSE AMEX:RBY

VANCOUVER, Feb. 14 /CNW/ - (RMX:TSX | RBY:NYSE-AMEX) (the 'Company')
announced today that, as a result of  a review by the British Columbia
Securities Commission of the Company's recently filed NI 43-101
technical report containing its Phoenix Gold Project mineral resource
and geological potential estimates for the F2 Gold System, the Company
expects to file an amended technical report for the Project. The
Company will make a timely announcement if any material changes to the
estimates result from an amended report.

RUBICON MINERALS CORPORATION


'David W. Adamson'


President & CEO

Forward Looking Statements


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 'seeks', 'anticipates', 'believes', 'plans',
'estimates', 'expects', 'targeting' and 'intends' 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 potential future disclosures and announcements by the
Company.

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.

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

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Bill Cavalluzzo, VP-Investor Relations, Toll free: 1.866.365.4706, E-mail: bcavalluzzo@rubiconminerals.com  |  www.rubiconminerals.com