Directors Shareholding

FOR:  RAMBLER METALS & MINING PLC

TSX VENTURE SYMBOL:  RAB
AIM SYMBOL:  RMM

January 10, 2011

Rambler Metals & Mining Plc: Director Shareholding

LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND and LABRADOR--(Marketwire - Jan. 10, 2011) - Rambler Metals &
Mining Plc ("Rambler" or "the Company") (TSX VENTURE:RAB)(AIM:RMM)

The Company was notified 7 January 2011, that on 6 January 2011 Harry Dobson, Chairman, bought 500,000 Ordinary
Shares ("Ordinary Shares") in the issued share capital of the Company at a price of 32.9p each. Harry Dobson
now holds an interest in 8,238,000 Ordinary Shares in the Company representing 8.6% of the Company's issued
share capital.

The Company has also been informed that Altius Minerals Corporation (TSX:ALS) which had previously held
12,000,000 Ordinary Shares no longer holds any shares in Rambler.

George Ogilvie, President and CEO commented:

"Altius' decision to exit was not an easy one but is in line with their business model that places an emphasis
on projects in the exploration through development stage. Rambler will in fact be Altius' first co-founded
exploration initiative that has progressed all the way to production. On behalf of the Board and myself I would
like to thank Altius for their assistance and support over the years in transitioning the Company from an
exploration company to near term producer."

ABOUT RAMBLER

Rambler Metals and Mining is Junior Mining Company that has 100% ownership of the Ming Copper-Gold Mine in Baie
Verte, Newfoundland and Labrador, Canada. Our objective is to become a mid-tier mining company by bringing the
Ming Mine into production, discovering new deposits and through M&A's. Following the acquisition of the Ming
Mine, Rambler, listed on the London AIM in 2005 and Toronto TSX-V in 2007.

The Ming property had been a former underground copper and gold producing mine that ceased production when the
deposit reached a then third party property boundary. This neighbouring property was subsequently consolidated
before being brought into Rambler's portfolio. Rambler now owns a 100% interest in the property.

The area where the mine is located is a former mining centre and subsequently good infrastructure exists
including roads, fresh water, hydro, access to a working port while the town of Baie Verte, population 1,300 is
located 17km away.

Over the last several years Rambler has been exploring on the property leading to the publication of three NI43-
101 resource statements, a newly published reserve statement, the discovery of new mineralized lenses and the
extension of pre-existing lenses. Today all mineralization remains open in multiple directions while,
importantly, the deposit has not been cut-off at depth. The underground workings have been dewatered and
services including air, water and electrical re-installed.

In October 2009, Rambler purchased an operational gold hydrometallurgical mill, Nugget Pond, which is situated
approximately 40km from the Ming Mine. Rambler intends to expand the mill so that it is capable of handling
massive sulphides from the Ming Mine and produce a copper concentrate with gold and silver as by-products. By
utilizing the hydrometallurgical facility, in conjunction with the concentrator, the company anticipates
increased gold recovery as well as recovering any free gold.

Following the successful publication of a positive Feasibility Study in 2010 Rambler has now entered the
construction phase of the project and expects to bring the Ming Mine back into production in 2011.

Forward Looking Statement:

Some of the statements contained herein may be forward-looking statement, which involve known and unknown risks
and uncertainties. Without limitation, statements regarding future plans and objectives of the Company are
forward looking statements that involve various degrees of risk. It is important to note that the Company's
actual results could differ materially from those in such forward-looking statements.

FOR FURTHER INFORMATION PLEASE CONTACT:

Rambler Metals and Mining
George Ogilvie, P.Eng.
President and CEO
709-532-4990

OR

Rambler Metals & Mining Plc.
Corporate Office
[phone]
[phone] (FAX)
www.ramblermines.com

OR

Seymour Pierce Limited
Nandita Sahgal / Jeremy Stephenson
[phone]

OR

Pelham Bell Pottinger
Klara Kaczmarek / Philippe Polman
[phone]

OR

Ocean Equities Limited
Guy Wilkes
[phone]

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.

Rambler Metals & Mining Plc