The mineral resources are in-situ, undiluted, and uncapped and have not had economic parameters applied to them.

The 2009 bulk sample milling at Hinge recovered 16,052 ounces of gold. Assuming 93% mill recovery, 95% mine

recovery, and 20% dilution the bulk sample equates to an in-situ resource of 45,000 tonnes grading 0.38 ounces per ton.

This reconciles well with the average grade of the Hinge uncapped measured plus indicated resources. Further, monthly

average grade fed to the mill (based on hourly mill belt samples) ranged from 0.25 to 0.64 ounces per ton, which

indicates the variability of average grades over an area approximately 400 feet high by 700 feet along strike.

Reconciliation of Company diluted, recoverable reserve estimates based on assay data, underground face samples, and

mill belt samples indicate that the sampling and assaying protocols are providing good quality data.

The Company monitors the QAQC information for the assaying process on a regular basis (standards and blanks sent to

assay laboratories and the duplicates and replicates done by the laboratories). The Author has reviewed this information

and found no serious discrepancies that had not been recognized and dealt with by the Company geologists.

The mineral resources are defined in terms of NI 43-101 regulations and their estimation was carried out using industry

standard polygonal longitudinal section methodology. The drill hole data was evaluated in plan and section in three

dimensional AutoCAD to determine continuity between holes. Vein structures in the RLM area have vertical extents

from 4 to 8 times their strike length. Because of this, areas of influence used around drill hole pierce points on the

longitudinal section for purposes of defining measured and indicated resources are ellipses, elongate down dip. For

measured resources an ellipse with short axis of 50 feet and long axis of 100 feet was used; for indicated resources an

ellipse with short axis 75 feet and long axis 150 feet was used, and for drill inferred resources an ellipse with short axis

of 100 feet and long axis of 225 feet was used. Additional inferred resources are based upon projection of measured

plus indicated resources to a total depth of up to 4 times the strike length of the mineralized zone, provided that the zone

is open at depth. A tonnage factor of 11.4 cubic feet per ton (equivalent to a specific gravity of 2.8) was used to convert

polygon volumes to tons.

The Company’s production department uses Amine software for reserve estimation and mine planning. Amine is a 3D

AutoCAD based system that uses block modelling to determine reserve and resource estimates.

The Author concludes that the data density and reliability of the drilling and sampling database is sufficient to complete

an estimate of mineral resources for the Rice Lake Project.

The Author has relied on data provided by qualified persons (as defined in NI 43-101) who are employees of the

Company. In the Author’s opinion these qualified persons are competent and, other than errors or omissions that may

inadvertently occur, have provided the Author with all of the data necessary to complete this Report................................. Rubicon 43-101 has simular situation were the tns are resources..

1. Amended Inferred Mineral Resource Estimate

Polygonal Model Inferred Mineral Resource Estimate - Uncapped and Capped