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Rambler Provides Diamond Drilling Update

Rambler Provides Diamond Drilling Update 
Intersected 13.18% Copper, 4.58 g/t Gold and 31.73 g/t Silver Over
5.8 Metres 
LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR --
(Marketwired) -- 06/24/13 -- Rambler Metals and Mining plc, the
Newfoundland copper and gold producer, explorer and developer
(AIM:RMM)(TSX VENTURE:RAB) ("Rambler" or "the Company") is pleased to
provide an update on its diamond drilling activities over the past
three months at the Ming Copper-Gold Mine. Following the breakthrough
of the main 1807 ramp system, at the end of February 2013, there has
been a new focus on expanding the known resources/reserves through
definition and exploration diamond drilling.  
HIGHLIGHTS 
COPPER 


 
--  Diamond drill hole UG13-98, delineation drilling into the 1807 zone
    down-dip, returned 5.80 metres (core length) of 13.18% copper, 4.58 g/t
    gold and 31.73 g/t silver
      
--  Definition diamond drilling testing the up-dip extension of the 1807
    zone, UG13-195, returned 8.4 metres (core length) of 5.28 % copper, 1.59
    g/t gold and 11.77 g/t silver 

 
GOLD 


 
--  Recent exploration diamond drilling of the 1806 zone returned 6.63 g/t
    Au, 1.42% Cu and 19.17 g/t Ag over 2.54 meters (core length)
      
--  Selective mining of the 1806 zone has been ongoing with approximately
    11,135 tonnes of material drilled, blasted or stockpiled with an average
    grade of 7.83 g/t gold, 96.09 g/t silver and 0.76% copper. The Company
    plans to process this material through the gold hydrometallurgical
    facility towards the end of June 2013 while the copper concentrator is
    offline for planned maintenance 

 
George Ogilvie, P. Eng., President and CEO, comment, 
"I am pleased to see that the early diamond drilling results are
positive and confirming that the 1807 zone extends beyond the known
reserve block. The second half of 2013 will see an exciting period in
our diamond drilling campaign as we further test the down-plunge
extension of the 1807 zone.  
Towards the end of June the Company will have sufficient 1806 zone
material stockpiled at the mill to batch this ore through the gold
hydromet plant. Having the flexibility to seamlessly switch between
copper concentrate and gold dore production based on business
environment factors is an option that differentiates Rambler from
many other junior producers.  
Production at the mill is at an all time high with copper recoveries
continually reporting at 95% or better, a measurable increase over
the 92.4% budgeted for the fiscal year. Backed by this momentum we
hope that the rejuvenated exploration campaign will add to the
successes seen to date." 
A REVIVED EXPLORATION PROGRAM 
COPPER 
Sufficient capital infrastructure in the 1807 zone has now been
developed providing access to six months of stope production. The
capital development is now allowing diamond drill bays to be
developed with the goal of undertaking an in-fill and exploration
drilling campaign.  
Diamond drilling from the 329 level drill bay has demonstrated that
the 1807 zone continues up-dip, potentially beyond the known ore
reserve model. The drilling has intersected significant copper and
gold mineralization with development chip sampling confirming the
high-grade nature and continuity of the zone. The 329 level drill bay
is now being extended so that further exploration can be completed to
test the horizon closer to surface.  
An exploration drill bay has also been established down-dip on the
1807 zone where the massive sulphide horizon remains un-tested.
Initial development chip and muck samples are encouraging and in line
with previous diamond drilling in the area. The down dip extension of
this high grade zone will play an important role in potentially
adding to the existing resource and reserve estimates for the mine. 


 
Table 1: Testing of the 1807 Copper Zone                                    
----------------------------------------------------------------------------
                                  Length          Cu          Au          Ag
BHID          Type                   (m)         (%)       (g/t)       (g/t)
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
329 lv Drill Bay                                                            
----------------------------------------------------------------------------
UG13-194      Composite             3.62        3.52        0.86        6.73
----------------------------------------------------------------------------
UG13-195      Composite             8.40        5.28        1.59       11.77
----------------------------------------------------------------------------
UG13-197      Composite             1.63        6.71        1.06       11.85
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
329 lv Sub-Drift                                                            
----------------------------------------------------------------------------
              Chip                  2.00        3.78        1.06        8.58
----------------------------------------------------------------------------
              Chip                  3.80        7.18        1.62       13.33
----------------------------------------------------------------------------
              Chip                  2.50        5.05        2.23       14.22
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
485 lv Development Muck (average)               6.91        3.01       16.70
----------------------------------------------------------------------------
              Muck                              5.16        3.77       13.50
----------------------------------------------------------------------------
              Muck                              8.66        2.25       19.90
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
485 lv Drill Bay                                                            
----------------------------------------------------------------------------
UG13-98       Composite             5.80       13.18        4.58       31.73
----------------------------------------------------------------------------
UG13-99       Composite             4.29        4.40        1.79        7.21
----------------------------------------------------------------------------
              Including             1.00       20.30        9.70       47.00
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
Note: drill intersections indicated are core length which is estimated to be
between approx. 95% of true width for this zone.                            

 
GOLD 
Diamond drilling of the 1806 gold zone, on the 1020 ft level,
intersected significant gold and copper grades in both the massive
sulphide horizon and base metal stringers immediately below.
Stratigraphically this area is very similar to the up-dip of the 1806
zone which Rambler partly mined and produced approximately 14,500
ounces of gold between November 2011 and May 2012 (see Press Release
dated June 12, 2012). The 1806 zone has only been partially mined and
drill tested for a limited portion of its 1,100 meter plunge length.
The zone remains open at depth below the historical 2200 ft level.  
Rambler will further evaluate the potential of this gold zone above
and below the 1020 ft level to determine if new mineable ore blocks
can be added to the reserve. The table below summarizes the
highlights of the recent work. 


 
Table 2: Testing of the 1806 Gold Zone                                      
----------------------------------------------------------------------------
                                  Length          Cu          Au          Ag
BHID          Type                   (m)         (%)       (g/t)       (g/t)
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
1020 ft lv Drill Bay                                                        
----------------------------------------------------------------------------
UG13-73       Composite             3.11        2.48        5.57      142.51
----------------------------------------------------------------------------
UG13-79       Composite             3.00        2.42        1.77       20.75
----------------------------------------------------------------------------
UG13-82       Composite             7.05        0.34        3.81        4.10
----------------------------------------------------------------------------
UG13-83       Composite             1.70        2.78        2.21       17.79
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
2000 ft lv (extension down-plunge)                                          
----------------------------------------------------------------------------
UG13-199      Composite            16.54        0.58        1.93       10.19
----------------------------------------------------------------------------
              Including             3.24        1.48        5.43       23.95
----------------------------------------------------------------------------
              Including             2.54        1.42        6.63       19.17
----------------------------------------------------------------------------
UG13-200      Composite             3.43        1.01        4.36       25.87
----------------------------------------------------------------------------
UG13-201      Composite             3.03        1.85        3.21       38.56
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
Note: drill intersections indicated are core length which is estimated to be
between approx. 60-80% of true width for this zone.                         

 
The Company currently has 11,135 tonnes of 1806 zone grading 7.83 g/t
gold, 96.09 g/t silver and 0.76% copper available for processing.
Based on the previous success of processing through the gold
hydrometallurgical plant the Company is currently planning to batch
this material through in a 20-day milling cycle. Further upside of
this strategy allows annual maintenance in the copper concentrator to
proceed with uninterrupted production. 
Larry Pilgrim, P.Geo., is the Qualified Person responsible for the
technical content of this release and has reviewed and approved it
accordingly. Mr. Pilgrim is an independent consultant contracted by
Rambler Metals and Mining plc. 
Tonnes referenced are dry metric tonnes unless otherwise indicated.
Analytical results for Rambler's diamond drill holes are determined
at Eastern Analytical, Springdale, NL, with the muck and chip samples
assayed in-house. Base metals, plus silver, are analyzed by ICP with
any over limit silver and all gold by fire assay with an AA finish.
The results presented in this release are based on assay data from
Eastern Analytical and the In-house lab which are both strictly
monitored and controlled by the Company's quality assurance / quality
control program (QA/QC). 
Neither TSX Venture Exchange nor its Regulation Service Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. 
Caution Regarding Forward Looking Statements: 
Certain information included in this press release, including
information relating to future financial or operating performance and
other statements that express the expectations of management or
estimates of future performance constitute "forward-looking
statements". Such forward-looking statements include, without
limitation, statements regarding the financial strength of the
Company, estimates regarding timing of future development and
production and statements concerning possible expansion opportunities
for the Company. Where the Company expresses or implies an
expectation or belief as to future events or results, such
expectation or belief is expressed in good faith and believed to have
a reasonable basis. However, forward-looking statements are subject
to risks, uncertainties and other factors, which could cause actual
results to differ materially from future results expressed, projected
or implied by such forward-looking statements. Such risks include,
but are not limited to, interpretation and implications of drilling
and geophysical results; estimates regarding timing of future capital
expenditures and costs towards profitable commercial operations.
Other factors that could cause actual results, developments or events
to differ materially from those anticipated include, among others,
increases/decreases in production; volatility in metals prices and
demand; currency fluctuations; cash operating margins; cash operating
cost per pound sold; costs per ton of ore; variances in ore grade or
recovery rates from those assumed in mining plans; reserves and/or
resources; the ability to successfully integrate acquired assets;
operational risks inherent in mining or development activities and
legislative factors relating to prices, taxes, royalties, land use,
title and permits, importing and exporting of minerals and
environmental protection. Accordingly, undue reliance should not be
placed on forward-looking statements and the forward-looking
statements contained in this press release are expressly qualified in
their entirety by this cautionary statement. The forward-looking
statements contained herein are made as at the date hereof and the
Company does not undertake any obligation to update publicly or
revise any such forward-looking statements or any forward-looking
statements contained in any other documents whether as a result of
new information, future events or otherwise, except as required under
applicable securities law.
Contacts:
Rambler Metals and Mining
George Ogilvie, P.Eng.
President and CEO
709-800-1929
709-800-1921 (FAX) 
Rambler Metals & Mining Plc
Corporate Office
+44 (0) 20 8652-2700
+44 (0) 20 8652-2719 (FAX)
www.ramblermines.com 
Cantor Fitzgerald Europe
Stewart Dickson
+44 (0) 20 7894 7000 
Cantor Fitzgerald Europe
Jeremy Stephenson
+44 (0) 20 7894 7000 
Pelham Bell Pottinger
Charles Vivian
+44 (0) 20 7861 3921 
Pelham Bell Pottinger
Marcin Zydowicz
+44 (0) 20 7861 3921 
Ocean Equities Limited
Guy Wilkes
+44 (0) 20-7786-4370