Rambler Metals and Mining Announces Options Grant

18 August, 2008

                                    Rambler Metals and Mining Announces Options Grant

London, England & Baie Verte, Newfoundland and Labrador - Rambler Metals and Mining plc (TSXV: RAB, AIM: RMM) ('Rambler'or  the  'Company') announces that on 18 August 2008 150,000 stock options were granted to an employee at  Rambler.  The options  were granted at a price of C$0.53. The options are exercisable within ten years from the date of grant, vesting as follows:

(i)     50,000  on or after the date of the grant;
(ii)    50,000  on or after the first anniversary of the date of grant;
(iii)   50,000  on or after the second anniversary of the date of grant.

For more information please contact:

George Ogilvie, P.Eng.                             Leslie Little
President and CEO                                  Company Secretary
Rambler Metals and Mining                          Rambler Metals & Mining Plc
Canada Limited                                     Tel No: [phone]
Tel No: 709-532-4990

Nandita Sahgal                                     Chelsea Hayes/Klara Kaczmarek
Seymour Pierce Limited                             Pelham Public Relations
Tel No: [phone]                       Tel No: [phone] /20-3159-4395

Website: www.ramblermines.com

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

London, England: 33 St. James Square    SW1Y 4JS    T.020 7661 8062    F.020 7661 9400
                www.ramblermines.com                AIM:RMM; TSXV:RAB

Rambler Metals & Mining Plc