Rambler Metals & Mining-Placing of 9,660,00...

FOR:  RAMBLER METALS & MINING PLC

TSX VENTURE SYMBOL:  RAB
AIM SYMBOL:  RMM

March 13, 2008

Rambler Metals & Mining-Placing of 9,660,000 New Ordinary Shares at 60 Pence to Raise Pounds Sterling 5.8
Million

Notice of General Meeting

LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR--(Marketwire - March 13, 2008) - Rambler Metals &
Mining PLC (TSX VENTURE:RAB)(AIM:RMM)(the "Company") announces today that it has, subject to the terms and
conditions of the Placing, the passing of resolutions by shareholders at the General Meeting, and the approval
of the TSX Venture Exchange, successfully raised Pounds Sterling 5.8 million before expenses through a placing
of 9,660,000 Ordinary Shares (the "Placing Shares") at 60 pence each.

The Placing Shares have been conditionally placed with institutional investors by the Company's broker, Ocean
Equities Limited.

The net proceeds from the Placing will be used by the Company to fund:

- The ongoing surface drilling programme on the Rambler copper-gold property;

- An underground drilling programme;

- A pre-feasibility study on the Rambler copper-gold property which is expected to commence in the second half
of 2008, and, if positive, a subsequent full feasibility study;

- A programme of metallurgical testing at the Rambler copper-gold property, to include bulk sampling
programmes; and

- The working capital requirements of the Company.

In addition, the funding is intended to provide the Company with the flexibility to continue the rehabilitation
of the existing infrastructure should the results of the scoping study and the pre-feasibility study be
positive in preparation for the start of mining.

In order to implement the Placing, the Company is today calling a General Meeting of its shareholders to be
held at 11.00 a.m. on 10th April 2008 at 33 St. James's Square, London SW1Y 4JS to seek s80 authority and s89
power to allot securities on a non-pre-emptive basis in respect of an aggregate nominal amount of Pounds
Sterling 96,600 to enable the Placing Shares to be issued.

The Company is also seeking additional s80 authority and s89 power to allot securities on a non-pre-emptive
basis in respect of an aggregate nominal amount of Pounds Sterling 200,000 and Pounds Sterling 150,000
respectively to provide the Company with the flexibility to issue additional securities should the Directors
deem that it is in the best interest of the Company to do so.

Copies of the circular, which is being sent today to the shareholders of the Company and sets out further
information on the Placing and provides notice of the General Meeting, are available free of charge from the
offices of Field Fisher Waterhouse LLP, 35 Vine Street, London EC3N 2AA during normal business hours on any
weekday (Saturdays and public holidays excepted) until 11 April 2008.

George Ogilvie, CEO of the Company, commented:

"I am pleased that the placing will allow the continuation of exploration drilling on the property and allow us
to follow up on the encouraging results to date. Importantly, we shall also be able to complete the next level
of engineering studies that are required to move the project from an exploration story with general concepts to
a profitable producing mine. Lastly, some of the placing proceeds shall be used to carry out ongoing
rehabilitation of the existing infrastructure helping to move the project towards production and first
revenues."

The Placing will be subject to a placing agreement to be entered into between the Company and Ocean Equities
Limited and approval of the shareholders and TSX Venture Exchange.

About the Company

Rambler was founded in 2004 when Altius Minerals Corporation ("Altius"), a Newfoundland and Labrador based
resource company, contributed to the Company's asset base an option to acquire and develop the Rambler
property.

The Rambler property had been a former underground copper and gold producing property that ceased production
when the deposit reached a then third party property boundary. This neighbouring property was subsequently
consolidated before being brought into the Company. The Company now owns a 100% interest in the property. The
principal activity of the Company is carrying out development and exploration on the Rambler Property, a
mineral exploration property located on Newfoundland and Labrador's Baie Verte Peninsula.

APPENDIX

Terms and conditions of and important information on the Placing

The Placing and the terms and conditions herein are directed exclusively at investment professionals (within
Article 19 (5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended))
(such category of investors being referred to as "Relevant Persons") and no other person should respond to this
announcement. Accordingly, this announcement is exempt from the general restriction set out in Section 21 of
FSMA on the communication of invitations or inducements to engage in investment activity and has not been
approved by a person who is authorised under the FSMA.

Members of the public are not entitled to take part in the Placing and this announcement is communicated to
them for the purposes of information only in accordance with the AIM Rules. This announcement and the terms and
conditions herein must not be relied on, acted on or responded to by persons who are not Relevant Persons. If
you are in any doubt as to whether you are a Relevant Person you should consult a professional adviser for
advice.

This announcement and appendix do not constitute an offer to sell or issue or solicitation of an offer to buy
or subscribe for new Ordinary Shares in any jurisdiction, and any acquisition or application for Ordinary
Shares should only be made on the basis of information contained in this announcement.

THE ORDINARY SHARES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS
AMENDED (THE "SECURITIES ACT"), OR ANY OTHER APPLICABLE LAW OF THE UNITED STATES.

Certain statements in this announcement are forward-looking statements and this announcement contains "forward-
looking information" within the meaning of applicable Canadian securities legislation concerning the business
and operations of the Company. Forward-looking information includes, but is not limited to, information with
respect to the proposed Placing and related matters. Such statements and information speak only as at the date
of this announcement, are based on current expectations and beliefs and, by their nature, are subject to a
number of known and unknown risks and uncertainties that could cause actual results and performance to differ
materially from any expected future results or performance expressed or implied by such forward-looking
statement or forward-looking information, including, but not limited, to risks related to financings,
shareholder and regulatory approvals, changes in project parameters as plans continue to be refined, government
regulation, environmental risks and other risks associated with mineral exploration and development. The
information contained in this announcement is subject to change without notice and neither the Company nor
Ocean Equities nor Seymour Pierce Limited assume any responsibility or obligation to update publicly or review
any of the forward-looking statements or forward-looking information contained herein, except in accordance
with applicable securities laws.

The following definitions have been used in this announcement and appendix:

/T/

"Admission"                  admission of the Placing Shares to trading on
                             AIM becoming effective in accordance with the
                             AIM Rules

"AIM"                        the AIM market of the London Stock Exchange

"AIM Rules"                  the AIM Rules for Companies as published by
                             the London Stock Exchange from time to time

"Board" or "Directors"       directors of Rambler Metals & Mining PLC

"CREST"                      the relevant system (as defined in the
                             Uncertificated Securities Regulations 2001)
                             in respect of which Euroclear UK & Ireland
                             Limited is the operator

"General Meeting"            A General Meeting of the Company which will be
                             held on 10 April 2008 to consider resolutions
                             necessary to give effect to the Placing

"Existing Ordinary Shares"   the 49,725,000 Ordinary Shares in issue as at
                             the date of this announcement

"FSMA"                       Financial Services and Markets Act 2000
                             (as amended)

"London Stock Exchange"      London Stock Exchange plc

"Ocean Equities"             Ocean Equities Limited whose registered office
                             is at 3 Copthall Avenue, London EC2R 7BH, the
                             broker to the Company and the placing agent to
                             the Placing

"Ordinary Shares"            ordinary shares of 1p each in the capital of
                             the Company

"Placee"                     a person who subscribes for Placing Shares
                             pursuant to the Placing on the terms and
                             subject to the conditions contained herein

"Placing"                    the conditional placing by Ocean Equities, on
                             behalf of the Company, of the Placing Shares
                             at the Placing Price, pursuant to the terms
                             and conditions of the Placing Agreement

"Placing Agreement"          the conditional agreement dated 13 March 2008
                             between the Company and Ocean Equities
                             relating to the Placing

"Placing Price"              60p per Ordinary Share

"Placing Shares"             9,660,000 new Ordinary Shares which are the
                             subject of the Placing

"Rambler Metals & Mining     Rambler Metals & Mining PLC, whose registered
PLC" or "the Company"        office is at Salatin House, 19 Cedar Road,
                             Sutton, Surrey, SM2 5DA

"Shareholders"               holder(s) of Existing Ordinary Shares

"Securities Act"             the U.S. Securities Act of 1933, as amended.

"TSX-V"                      the TSX Venture Exchange

/T/

The Placing

Ocean Equities, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is
acting exclusively for the Company and no one else in connection with the Placing.

Under the Placing, Ocean Equities, on behalf of the Company, has conditionally placed 9,660,000 new Ordinary
Shares at the Placing Price to raise Pounds Sterling 5.8 million before expenses.

The Placing is conditional on the resolutions being proposed at the General Meeting being passed by the holders
of the Existing Ordinary Shares, the approval of the TSX-V, Admission and on the Placing Agreement having
become unconditional and not having been terminated in accordance with its terms prior to Admission.

It is expected that Admission will occur and that dealings will commence on 11 April 2008 at which time it is
also expected that the Placing Shares will be enabled for settlement in CREST.

As a condition of the Placing, the Placees have undertaken that, without the prior written consent of the TSX-V
and in compliance with all applicable securities legislation, they will not sell, transfer, hypothecate or
otherwise trade the Placing Shares on or through the facilities of the TSX-V or otherwise in Canada or to or
for the benefit of a Canadian resident prior to that date that is four months and one day from the date of the
issue of the Placing Shares.

Terms of the Placing Agreement

Pursuant to the Placing Agreement, Ocean Equities has agreed to use its reasonable endeavours to place the
Placing Shares with Placees procured by them.

The Placing is conditional upon, inter alia, the passing of the resolutions being proposed at the General
Meeting, the approval of the TSX-V, Admission and on the Placing Agreement having become unconditional and not
having been terminated in accordance with its terms prior to Admission. If the conditions of the Placing
Agreement are not fulfilled or waived on or before 8.00 am on 11 April 2008 (or such later time and date as the
Company and Ocean Equities may agree, being no later than 8.00 am on 30 April 2008) the Placing will not become
unconditional and the placing monies will be returned to the Placees, without interest, as soon as practicable
thereafter.

In consideration of their services in connection with the Placing, the Company will pay to Ocean Equities a
commission of a certain percentage of the aggregate value, at the Placing Price, of the Placing Shares.

The Placing Agreement contains warranties given by the Company with respect to the Company, its business and
certain matters connected with the Placing. Ocean Equities is entitled to terminate the Placing Agreement in
certain circumstances prior to Admission, principally in the event that any of the warranties contained therein
are, or become, materially untrue, inaccurate or misleading or if a force majeure type event arises. In
addition, the Company has given a customary indemnity to Ocean Equities in respect of, amongst other things,
the performance by Ocean Equities of its services in connection with the Placing.

The exercise by Ocean Equities of any right of termination under the Placing Agreement shall be within the
absolute discretion of Ocean Equities, and Ocean Equities shall have no liability to any Placee, or any other
person for whom any Placee is subscribing Placing Shares in respect of any decision which they make as to
whether or not to exercise any right of termination or any of its other rights under the Placing Agreement.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Rambler Metals and Mining Canada Limited
George Ogilvie, P.Eng.
CEO
[phone]
Website: www.ramblermines.com

OR

Seymour Pierce Limited
Nandita Sahgal
[phone]

OR

Ocean Equities Ltd.
Guy Wilkes
[phone]

OR

Pelham Public Relations
Chelsea Hayes
[phone]

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Rambler Metals & Mining Plc