TSX:RMX | NYSE.MKT:RBY TORONTO, Jan. 7, 2013 /PRNewswire/ - Rubicon Minerals Corporation (TSX: RMX | NYSE-MKT: RBY) (" Rubicon" or the " Company") has appointed a new Vice President of Operations and hired a new Director of Investor Relations. "Putting in place a team that can take us to the next level is one of my key priorities," said Michael Lalonde, President and Chief Executive Officer of Rubicon. "I am pleased to announce the appointment of Dan Labine to the position of Vice President of Operations, effective January 21, 2013, and the hiring of Allan Candelario as the Director of Investor Relations, effective January 2, 2013." Mr. Labine has over 35 years of engineering, mine operation, and project management experience. Dan was recently the Senior Project Manager at Goldcorp Inc., where he oversaw the construction and development of the Cochenour project in Red Lake, Ontario, Canada, which is currently on budget. Mr. Labine supervised the construction of a five-kilometre underground haulage drift between Goldcorp's Cochenour project and its Red Lake mine infrastructure. The current tunneling rates being realized are far above the industry norm for comparable tunnels. Previously, Dan held numerous senior project management roles, including Project Manager for Inco Limited, AMEC Earth and Environmental Limited, and Senior Project Engineer for Nordpro Mine and Project Management Services Limited. Dan holds a Bachelor of Engineering in Mining from Laurentian University and is a Professional Engineer in Ontario. Dan will replace Claude Bouchard, the former Vice President of Operations, who has left Rubicon to pursue other interests. "I would like to thank Claude for his hard work and dedication over the past several years. He is largely responsible for bringing the Phoenix Project to its current stage of development," said Mr. Lalonde. Mr. Candelario brings several years of investor relations and capital markets experience. Prior to joining Rubicon, Allan coordinated Alamos Gold Inc.'s top-ranked investor relations program. He previously worked in equity research at TD Securities and at a non-bank Canadian investment dealer. Mr. Candelario received his Bachelor of Business Administration from the Schulich School of Business and holds a Chartered Financial Analyst designation.
Shares of gold explorer Rubicon Minerals decline sharply after British Columbia securities regulators ask for more information about the company's most important project, fueling speculation that Rubicon will need to cut back its reserve estimates.