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Fourth Quarter 2013 Operating Results & Operational Guidance for Fiscal 2014

Fourth Quarter 2013 Operating Results & Operational Guidance for Fiscal 2014 
LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND and LABRADOR,
NEWFOUNDLAND -- (Marketwired) -- 08/28/13 -- Rambler Metals and
Mining plc (AIM:RMM)(TSX VENTURE:RAB) ('Rambler' or the 'Company'), a
copper and gold producer operating in Newfoundland and Labrador,
Canada, is pleased to provide an operational update and summary for
its fiscal fourth quarter ending 31 July 2013.  
The fiscal fourth quarter 2013, the Company's third quarter as a
commercial producer, saw record production with 5,244 tonnes of
copper concentrate, 1,297 ounces of gold and 9,873 ounces of silver
produced. This represents a 15% per cent increase in concentrate
produced from the third quarter and 32% increase when compared to the
second quarter. Overall the average increase across the production
period was 15% quarter on quarter. Mill throughput through the copper
concentrator during the fourth quarter totaled 47,027 tonnes with a
copper recovery of 94%, 65% for gold and 73% for silver. 
HIGHLIGHTS: 


 
--  Record production of 5,244 tonnes of copper concentrate 1,297 ounces of
    gold and 9,873 ounces of silver 
    
--  Metal produced for Copper (1,574 tonnes), Gold (1,297 ounces) and Silver
    (9,873 ounces) increased by 23%, 31% and 31% respectively over Q3 
    
--  Head grades of Copper (4.05%) and Gold (1.52 g/t) increased by 13% and
    18% respectively over Q3 
    
--  Recoveries to concentrate for Copper (94%), Gold (65%) and Silver (73%)
    increased by 3%, 4% and 3% respectively over Q3 
    
--  Concentrate grade for Copper (30%), Gold (7.7 g/t) and silver (58.6 g/t)
    increased by 7%, 15% and 14% respectively over Q3 
    
--  Dry Concentrate produced (5,244 tonnes) increased by 15% over Q3 

 
George Ogilvie, President and CEO, commented: 
"We are very pleased to see record tonnage and metal produced while
head grades and recoveries moved above planned targets. The
continuing improvements at the Ming Copper-Gold Mine reflects our
focused approach to growing our operations and delivering growth. The
Q4 results leave us well placed for meeting our formal fiscal 2014
guidance, and we will continue to focus on operational performance to
ensure these levels can be maintained." 
OPERATIONAL SUMMARY  
For the first 9 months in commercial production the Company produced
13,802 tonnes of copper concentrate with 3,953 tonnes of copper
metal, 3,137 ounces of gold and 23,958 ounces of silver. The average
feed grade during the period was 3.60% Cu, 1.31 g/t Au and 8.95 g/t
Ag followed by a mill recovery of 91%, 62% and 71% for copper, gold
and silver respectively.  


 
                         Q2 2013     Q3 2013     Q4 2013                    
                      (Nov, Dec,  (Feb, Mar,  (May, Jun,                    
PRODUCTION                  Jan)        Apr)        Jul)  Q4 vs Q2  Q4 vs Q3
                                                                            
--------------------------------------------------------                    
--------------------------------------------------------                    
Dry Tonnes Milled         46,463   43,907(i)  47,027(ii)       1 %       7 %
--------------------------------------------------------                    
                                                                            
--------------------------------------------------------                    
Copper Recovery             89 %        91 %        94 %       6 %       3 %
--------------------------------------------------------                    
Gold Recovery               58 %        62 %        65 %      12 %       4 %
--------------------------------------------------------                    
Silver Recovery             68 %        71 %        73 %       6 %       3 %
--------------------------------------------------------                    
                                                                            
--------------------------------------------------------                    
Copper Head Grade                                                           
 (%)                        3.14        3.59        4.05      29 %      13 %
--------------------------------------------------------                    
Gold Head Grade                                                             
 (g/t)                      1.13        1.29        1.52      35 %      18 %
--------------------------------------------------------                    
Silver Head Grade                                                           
 (g/t)                      7.19        8.68       10.95      52 %      26 %
--------------------------------------------------------                    
--------------------------------------------------------                    
CONCENTRATE                                                                 
(Produced and Stored in Warehouse)                                          
--------------------------------------------------------                    
--------------------------------------------------------                    
Copper (%)                  27.6        27.9        30.0       9 %       7 %
--------------------------------------------------------                    
Gold (g/t)                   6.7         6.7         7.7      16 %      15 %
--------------------------------------------------------                    
Silver (g/t)                51.0        51.4        58.6      15 %      14 %
--------------------------------------------------------                    
                                                                            
--------------------------------------------------------                    
Dry Tonnes Produced        3,983       4,575       5,244      32 %      15 %
--------------------------------------------------------                    
Copper Metal                                                                
 (tonnes)                  1,101       1,278       1,574      43 %      23 %
--------------------------------------------------------                    
Gold (ounces)                853         987       1,297      52 %      31 %
--------------------------------------------------------                    
Silver (ounces)            6,528       7,557       9,873      51 %      31 %
--------------------------------------------------------                    
--------------------------------------------------------                    
Note:  (1) Table showing first three quarters in commercial production      
       (2) (i) Continual freezing of the course ore bin in February         
       (3) (ii) 12 day period where gold hydromet was operated instead of   
       copper circuit allowing annual maintenance in the copper             
       concentrator. The hydromet milled 7,247 dry tonnes giving a combined 
       total tonnage for Q4 of 54,274                                       

 
Details of the Company's financial performance, including capital
expenditure and operating costs, will be included in its fourth
quarter and year end 2013 financial results to be released on
Tuesday, October 29, 2013. 
Fiscal 2014 Forecast  
Copper production for the 2014 fiscal year is forecast between 5,700
and 6,840 tonnes of metal with 4,500 to 5,500 ounces of gold and
32,000 to 39,000 ounces of silver.  


 
                                        CONCENTRATE                         
PRODUCTION                Fiscal 2014   (Produced)               Fiscal 2014
                                                                            
-------------------------------------   ------------------------------------
-------------------------------------   ------------------------------------
Dry Tonnes Milled   200,000 - 220,000   Copper (%)                   27 - 30
-------------------------------------   ------------------------------------
                                        Gold (g/t)                     6 - 8
-------------------------------------   ------------------------------------
Copper Recovery             92 - 94 %   Silver (g/t)                 45 - 55
-------------------------------------   ------------------------------------
Gold Recovery(i)            63 - 67 %                                       
-------------------------------------   ------------------------------------
Silver Recovery             55 - 65 %   Dry Tonnes Produced  20,000 - 24,000
-------------------------------------   ------------------------------------
                                        (i)Copper Metal                     
                                        (tonnes)               5,700 - 6,840
-------------------------------------   ------------------------------------
Copper Head Grade                                                           
 (%)                            3 - 4   Gold (ounces )(ii)     4,500 - 5,500
-------------------------------------   ------------------------------------
Gold Head Grade                                                             
 (g/t)                          1 - 2   Silver (ounces)      32,000 - 39,000
-------------------------------------   ------------------------------------
Silver Head Grade                                                           
 (g/t)                          6 - 8                                       
-------------------------------------   ------------------------------------
-------------------------------------   ------------------------------------
Note:  (1) (i)Gold recovery to concentrate only                             
       (2) (ii)An additional 2,500 - 3,500 oz Gold is being forecast from   
       the gold hydromet                                                    

 
ABOUT RAMBLER METALS AND MINING  
Rambler is a mining and development Company that in 2012 brought its
first mine into commercial production. The group has a 100% ownership
in the Ming Copper-Gold Mine, a fully operational copper and gold
processing mill and year round bulk storage and shipping facility all
located on the Baie Verte peninsula, Newfoundland and Labrador,
Canada.  
Our Company Vision is to be Atlantic Canada's leading mine operator
and resource developer through the expansion of the Ming Mine,
discovering new deposits and through mergers and acquisitions.
Rambler listed on the London AIM in 2005 and Toronto TSX-V in 2007. 
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. 
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 copper, gold and silver forecasts
for fiscal 2014 (including the information provided in the table
relating to production and concentrate forecasts for fiscal 2014),
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 are based on assumptions made in good
faith and believed to have a reasonable basis. Such assumptions
include, without limitation, the price of and anticipated costs of
recovery of, copper concentrate, gold and silver, the presence of and
continuity of such minerals at modeled grades and values, the
capacities of various machinery and equipment, the availability of
personnel, machinery and equipment at estimated prices, mineral
recovery rates, and others. 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 law.
Contacts:
Rambler Metals and Mining
George Ogilvie, P.Eng.
President and CEO
709-800-1929 or 709-800-1921 
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 / Jeremy Stephenson
+44 (0) 20 7894 7000 
Pelham Bell Pottinger
Marcin Zydowicz
+44 (0) 20 7861 3921 
Ocean Equities Limited
Guy Wilkes
+44 (0) 20-7786-4370