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Rubicon Minerals closes bought deal financing for US$11.3 million

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TD Securities Inc.

On April 12, 2006, Rubicon Minerals Corporation closed its brokered private placement, raising gross proceeds of $11,308,028 through the sale of 7,640,560 common shares at $1.48 per share. TD Securities Inc. and Blackmont Capital Inc. acted as underwriters. The net proceeds of the offering will be used by Rubicon to finance the exploration of the Red Lake gold camp and for general working capital purposes, including costs related to its proposed Plan of Arrangement. Fasken Martineau advised TD Securities in this financing with a team that included Blair Horn, Darrell Podowski and Sarah Mamoser.



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