Orbit Garant Drilling Awarded Contract by Rubicon Minerals
Val-d’Or,Quebec, June 12, 2009 — Orbit Garant Drilling Inc. (TSX: OGD) today announced that it has entered into a contract with Rubicon Minerals Corporation (TSX: RMX; NYSE:RBY) to provide underground drilling services at Rubicon’s Phoenix Gold Project in Red Lake, Ontario.
Under terms of the contract, Orbit Garant expects to complete 40,000 metres of drilling at the Phoenix Project. Orbit Garant anticipates utilizing up to four drill rigs to carry out this program.
“We are very pleased to enter into this important contract with Rubicon,” said Eric Alexandre, President and Chief Operating Officer of Orbit Garant. “This reflects our company’s focus both on the gold sector and on expanding our strong relationships with successful, well-financed companies like Rubicon.”
About Orbit Garant
Orbit Garant is one of the largest Canadian-based drilling companies, providing both underground and surface drilling services in Canada and internationally through its drills 134 and more than 500 employees. Orbit Garant provides services to major, intermediate and junior mining companies, through each stage of mining exploration, development and production.
About Rubicon Minerals
Rubicon Minerals Corporation is a well-funded exploration and development company, focusing on exploring for gold in politically safe jurisdictions with high geological potential. Rubicon controls over 65,000 acres of prime exploration ground in the prolific Red Lake gold district of Ontario which hosts Goldcorp’s high-grade, world class Red Lake Mine. In addition to its Red Lake holdings, Rubicon controls over 380,000 acres surrounding the Pogo Mine in Alaska as well as 225,000 acres in northeast Nevada.
Forward-looking information
This press release may contain forward-looking statements (within the meaning of applicable securities laws) relating to business of Orbit Garant Drilling Inc. (the “Company”) and the environment in which it operates. Forward-looking statements are identified by words such as “believe”, “anticipate”, “expect”, “intend”, “plan”, “will”, “may” and other similar expressions. These statements are based on the Company’s expectations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. These risks and uncertainties are discussed in the Company’s regulatory filings available at www.sedar.com. There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, a forward-looking statement speaks only as of the date on which such statement is made. The Company undertakes no obligation to publicly update any such statement or to reflect new information or the occurrence of future events or circumstances.
For further information:
| Eric Alexandre President and Chief Operating Officer (819) 824-2707 Ext. 233 | Derek Henderson Investor Relations (416) 447-4740 Ext. 232 |