Rambler Metals & Mining Proposed Placing

FOR:  RAMBLER METALS & MINING PLC

TSX VENTURE SYMBOL:  RAB
AIM SYMBOL:  RMM

March 12, 2008

Rambler Metals & Mining Proposed Placing

LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND and LABRADOR--(Marketwire - March 12, 2008) -

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES, JAPAN, AUSTRALIA OR THE REPUBLIC OF IRELAND

Rambler Metals & Mining PLC (TSX VENTURE:RAB)(AIM:RMM) (the "Company") announces today that it intends
to raise Pounds Sterling 5.8 million before expenses through a placing of 9,660,000 Ordinary Shares at
60 pence each.

Ocean Equities Limited has been retained as broker for the Placing on a reasonable endeavours basis.

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

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FOR FURTHER INFORMATION PLEASE CONTACT:

Rambler Metals and Mining PLC
Leslie Little
[phone]
Website: www.ramblermines.com

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

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Rambler Metals & Mining Plc