Rambler Buys Out 1% Net Smelter Royalty on the ...

FOR:  RAMBLER METALS & MINING PLC

AIM SYMBOL:  RMM
TSX VENTURE SYMBOL:  RAB

October 9, 2012

Rambler Buys Out 1% Net Smelter Royalty on the Ming Mine Property

LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR--(Marketwire - Oct. 9, 2012) - Rambler Metals and
Mining plc (TSX VENTURE:RAB)(AIM:RMM) ('Rambler' or the 'Company') is pleased to announce that it has purchased
a 1% net smelter royalty ('NSR') held over the Ming Mine by Ming Minerals Inc. for C$500,000. The mine was
initially encumbered by a combined 4.5% net smelter royalty held by four separate groups (See RMM press release
April 7, 2010). Of the four net smelter royalties, two included a buyout clause allowing the Company to
purchase 3% of the total NSR for a combined payment of C$1,100,000. This is the second royalty Rambler has
purchased since bringing the Ming Mine back into production in November 2011.

Since the removal of the 1% NSR, the total remaining net smelter royalty on the Ming Mine is 1.5%. This is in
addition to the gold only royalty held by Sandstorm Gold taken on as part of the project's financing.

Norman Williams, CFO commented:

    "As Rambler continues to progress towards commercial production, it is
    fiscally prudent that we buyout any available royalty encumbrances held
    over the property. Exercising the right to buy back this 1% NSR puts the
    company in a stronger position in terms of revenue generation and
    maximizing shareholder return."

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.

FOR FURTHER INFORMATION PLEASE CONTACT:

Rambler Metals and Mining
George Ogilvie, P.Eng.
President and CEO
709-800-1929
709-800-1921

OR

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

OR

Seymour Pierce Limited
Stewart Dickson / Jeremy Stephenson
[phone]

OR

Pelham Bell Pottinger
Charles Vivian / Daniel Thole
[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