Drilling Report

Rambler Metals & Mining PLC
31 May 2006


31st May 2006

 Latest Rambler Drilling Returns Multiple Intersections Grading Above 3% Copper


                                   Highlights

     
O    RM-06-04d returns 34.4 feet @ 3.20% copper

O    RM-06-04e returns 24.6 feet @ 4.17% copper plus 4.50 g/T gold and 57.1
     feet @ 3.18% copper

O    RM-06-03b returns 21.0 feet @ 3.32% copper and 36.1 feet @ 2.42% copper

London -Rambler Metals and Mining plc is pleased to report additional strong
results from its Phase II drilling program at the Rambler Project in
Newfoundland and Labrador, Canada.  The current drilling is designed to
delineate the Ming Footwall Zone (MFZ) at approximately 50 metre centres is
utilizing directional drilling techniques to complete offset holes from the
previously drilled, widely spaced surface drill holes.  Significantly, the
results reported here are from a part of the MFZ that occurs in close proximity
to existing underground mining infrastructure related to historic mining of the
overlying Ming Massive Sulphide (MMS) deposit.

'The MFZ is emerging as a very robust zone of mineralization and the delineation
drilling is quickly outlining a significant core volume of very good grade
copper mineralization.  The excellent intersection of thick copper and gold
mineralization on the MMS is also exciting as it is located less than 100 metres
beyond the limit of historic mining of this deposit, 'commented Rambler Chairman
Harry Dobson. ' We look forward to additional delineation drill results as well
as to starting the program of dewatering and underground rehabilitation.'

Two drill rigs are currently operating on the property from setups on holes
RM-04-03 and RM-04-04, which are separated by approximately 225 metres. The hole
location map can be viewed at http://www.ramblermines.com/. The results from the
offset holes are summarized below. Zones in each hole are listed consecutively
and the intervening intervals represent sections of later intrusive rocks that
are unmineralized or sections of mineralization grading less than 1% copper.

Drill                From           To       Length       Length           Cu           Au     Zone
                 (meters)     (meters)     (meters)       (feet)          (%)
Hole                                                                                 (ppb)

RM06-04d           889.85       894.80         4.95        16.20         2.17         2657 MMS

RM06-04d          1069.00      1072.00         3.00         9.84         1.74          210     MFZ
RM06-04d          1074.00      1084.50        10.50        34.44         3.20          338     MFZ
RM06-04d          1116.50      1122.50         6.00        19.68         1.94           88     MFZ
RM06-04d          1146.30      1150.80         4.50        14.76         2.13          212     MFZ

RM06-04e           885.50       897.50        12.00        39.34         3.03         3343     MMS
including          888.50       896.00         7.50        24.59         4.17         4503     MMS
RM06-04e          1094.90      1106.90        12.00        39.36         2.06          214     MFZ
RM06-04e          1110.10      1115.80         5.70        18.70         1.60           36     MFZ
RM06-04e          1118.00      1135.40        17.40        57.07         3.18          178     MFZ

RM06-03b           891.70       898.10         6.40        21.00         3.32          153     MFZ
RM06-03b           903.80       914.80        11.00        36.10         2.42          115     MFZ



Holes 4f and 3c are currently in progress.  The permitting process for a planned
dewatering and underground rehabilitation program that will facilitate
additional underground drilling programs is also progressing well.



Leslie Little, Company Secretary                    Guy Wilkes
Rambler Metals & Mining Plc                                Ocean Equities
Tel No: 020-7661-8062                               T: 020 7786 4370

J.Geoffrey Thurlow, Ph.D., P.Geo. is the Qualified Person responsible for
technical content of this release.  Drill intercepts quoted are core lengths;
true widths are estimated to be 90% to 95% of the intersected core lengths.
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

Exploration on the Rambler property is being conducted by Altius Resources Inc.
under a service agreement with Rambler Metals and Mining plc.  All drill holes
have produced 47.6 millimetre diameter (1.875-inch) NQ diamond drill core.  The
drill core is descriptively logged on site, aligned, marked for sampling and
then split in half, longitudinally, using a diamond saw blade.  One-half of the
core is preserved in core boxes for future reference. The samples comprising the
other half of the core are bagged, sealed and delivered directly to the
analytical laboratory by Altius personnel.  Base metal-bearing samples are
nominally 1 metre to 1.8 metres (3.28 to 5.90 feet) in length except where
specific geologic parameters require that a smaller interval be sampled.
Samples with suspected precious metal content are nominally one metre or less,
depending on the geological circumstances.

The sawed samples are delivered directly to Eastern Analytical Ltd. in
Springdale, Newfoundland by Altius personnel where they are dried, crushed and
pulped.  Samples are crushed to approximately -10 mesh and split using a riffle
splitter to approximately 300 grams.  The sample split is pulverized using a
ring mill to approximately 98% minus 150 mesh.  In addition to regular samples,
blank samples and quarter-split samples are also submitted for crushing/pulping.
  Check assays are conducted at Eastern Analytical on samples which are expected
to contain significant copper and gold.

The sample pulps are picked up directly at Eastern Analytical by Altius
personnel and returned to the project site at which point analytical standard
samples and duplicate samples from previous batches are inserted into the sample
stream.  All sample rejects are also retrieved from Eastern Analytical by Altius
personnel and securely stored by Altius.

The sample pulps are shipped by courier to Activation Laboratories Ltd. in
Ancaster, Ontario for analysis.  A typical analysis consists of three,
industry-standard components:
     
(1)  an aqua regia digestion followed by a 34 element ICP analysis,

(2)  a gold assay consisting of a one assay ton fire assay with finish by atomic
     absorption, and

(3)  an assay of specific base metals by aqua regia digestion followed by atomic
     absorption spectroscopy for those elements which exceed the limits of ICP
     accuracy.

The drill program and sampling protocol are being supervised by J.Geoffrey
Thurlow, Ph.D., P.Geo., of VMS Consultants Inc. and a Director of Altius; a
Qualified Person as defined under the Canadian Securities Administrators'
National Instrument 43-101.


About the Company

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, which
is at the delineation drilling stage. 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 Mines acquired the property after it had
been successfully consolidated.

The Ming and Ming West Mines exploited relatively narrow zones of high grade
copper and gold mineralization.  Sections of this mineralization remain in the
lower part of the Ming Mine and it is open to depth.

In 2004, two holes were drilled to test the depth potential of the underlying
Ming Footwall Zone (MFZ), which was partially outlined nearer to surface by the
previous mining operator. These drill holes both returned wide zones of good
grade copper mineralization and the MFZ became a priority for delineation
drilling.

The first phase of drilling was carried out from April through December 2005 and
involved the completion of widely spaced holes from which offset holes could be
completed using directional drilling technology.  The directional drilling
program began in January of 2006 and holes are now being nominally spaced at 50
metre centres in order to delineate the mineralized areas.

A program of dewatering and rehabilitation of the Ming Mine underground
infrastructure is currently at the permitting stage.  This work is being
undertaken with a view towards accelerating resource delineation and, hopefully,
the resumption of mining operations on the property.

Rambler Metals and Mining plc trades on London's AIM market under symbol RMM.


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