Mr. Julian Kemp reports

RUBICON MINERALS RECEIVES THE SANCTION ORDER FROM THE ONTARIO SUPERIOR COURT OF JUSTICE APPROVING THE RESTRUCTURING TRANSACTION

The Ontario Superior Court of Justice (commercial list) granted an order on Dec. 8, 2016, approving Rubicon Minerals Corp.'s plan of compromise and arrangement pursuant to the Companies' Creditors Arrangement Act (Canada) (CCAA), pursuant to which the company's previously announced refinancing and restructuring transaction is to be implemented. Implementation of the plan is subject to satisfaction or waiver of certain conditions precedent set forth in the plan. Assuming satisfaction or waiver of these conditions within the expected time frames, the company anticipates implementing the plan and completing its restructuring transaction as soon as possible.

We seek Safe Harbor.