FOR: RAMBLER METALS & MINING PLC
TSX VENTURE SYMBOL: RAB
AIM SYMBOL: RMM
June 16, 2008
Rambler Files NI 43-101 Technical Report
LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR--(Marketwire - June 16, 2008) -
Rambler Metals and
Mining plc ('Rambler') (TSX VENTURE:RAB)(AIM:RMM) is pleased to announce that SRK Consulting
(Canada) ('SRK')
has completed the full technical report to accompany the resource statement released on April
30th, 2008. This
NI43-101 compliant resource is the first resource estimate ever published for the Ming Mine
and demonstrates
the combination of low and high grade copper-gold mineralization has the potential to support
a 4,000 tonne per
day operation with a life of mine in excess of ten years.
With the completion of this resource and a high level scoping study, also compiled by SRK, the
project will
move into the prefeasibility stage. This next stage of engineering will optimize the
parameters used in the
scoping study while taking advantage of the NI43-101 compliant resource estimate.
George Ogilvie, President and CEO commented;
"The NI 43-101 technical report makes many good recommendations on how Rambler can improve
upon its resource
estimate. We will be following up on all of these recommendations over the next six months.There is tremendous
potential to improve the resource estimate and we intend to publish this information in early
2009."
A copy of this report has now been filed on SEDAR and is also available on our website. (www.ramblermines.com)
About the Company
Rambler Metals and Mining plc ("Rambler") was established to invest in the base metal sector
in politically
stable jurisdictions. Its principal project is the Rambler copper-gold property, located on
the Baie Verte
Peninsula of Newfoundland and Labrador, Canada. Rambler acquired the property from Altius
Minerals Corporation
in exchange for ordinary shares during 2005.
The Rambler property contains the former producing Ming and Ming West copper-gold mines. The
Ming Mine last
operated in 1982 and the Ming West Mine in 1996. Mining of the Ming Mine ceased when workings
reached a
neighbouring property boundary. Rambler Metals and Mining acquired the property after it had
been successfully
consolidated.
Rambler is dewatering the Ming Mine concurrently with an underground drill delineation program
to improve the
resource dataset and to prepare the mine for the next phase of pre-development.
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.
All tonnes are dry metric tonnes.
National Instrument 43-101 compliance information regarding sampling and analytical protocols
pertaining to the
Rambler Project can be accessed via the following link: http://www.ramblermines.com
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FOR FURTHER INFORMATION PLEASE CONTACT:
Rambler Metals and Mining Canada Limited
George Ogilvie, P.Eng.
President and CEO
(709) 532-4990
OR
Rambler Metals & Mining Plc
Leslie Little
Company Secretary
+44 (0) 20-7661-8104
Website: www.ramblermines.com
OR
Seymour Pierce Limited
Nandita Sahgal
+44 (0) 20-7107 8000
OR
Pelham Public Relations
Chelsea Hayes
+44 (0) 20-7743-6675
OR
Pelham Public Relations
Klara Kaczmarek
+44 (0) 20-3159-4395
The TSX-Venture Exchange does not accept responsible for the adequacy or accuracy of this
release.
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Rambler Metals & Mining Plc
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