Rambler Metals And Mining Announces Private Pla...

23rd April 2007

                                  RAMBLER METALS AND MINING ANNOUNCES PRIVATE PLACEMENT

London,  England  &  Baie Verte Newfoundland and Labrador (April 23, 2007) - Rambler Metals and  Mining  PLC  (TSXV:RAB,
AIM:RMM)  (the  "Company")  is pleased to announce that it has signed an engagement letter with Haywood Securities  Inc.
providing  for  the  private placement of up 6,700,000 units of the Company at a price of $1.50 per unit  for  aggregate
gross  proceeds  of  up to $10,050,000.  Each unit will consist of one common share and one-half  of  one  common  share
purchase warrant. Each whole warrant will entitle the holder to acquire a common share at a price of $2.00 for a  period
of 24 months following the closing date.

In  addition,  the  Company  has  agreed to grant Haywood an option, exercisable until the  closing  date,  to  sell  an
additional 2,650,000 units at the issue price for up to an additional $3,975,000 in gross proceeds.  Haywood shall  have
the right to appoint a special selling group in connection with the private placement.

The private placement is expected to close on May 23, 2007 or such other date as the Company and Haywood may agree.

The  Company  intends to use the proceeds of the private placement to continue its drilling programme and  commence  the
dewatering campaign at its Rambler Property located in Newfoundland and Labrador's Baie Verte Peninsula.

Closing of the private placement is conditional on approval of the TSX Venture Exchange.

For further information, please contact:

George Ogilvie                                      Leslie Little
VP & COO                                            Company Secretary
Tel : [phone]                                Tel: [phone]

Website- www.ramblermines.com

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.

Certain  information  regarding the Company set forth in this press release, including management's  assessment  of  the
Company's future plan, use of proceeds and operations contains forward looking statements that involve substantial known
and  unknown  risks and uncertainties. These forward looking statements are subject to numerous risks and uncertainties,
some  of  which are beyond the Company's and management's control, including but not limited to, the impact  of  general
economic  conditions,  industry  conditions, fluctuation of commodity prices, fluctuation  of  foreign  exchange  rates,
imperfection  of reserve estimates, environmental risks, industry competition, availability of qualified  personnel  and
management,  stock market volatility, timely and cost effective access to sufficient capital from internal and  external
sources.  The  Company's actual results, performance or achievement could differ materially from those expressed  in  or
implied  by,  these  forward  looking statements and accordingly, no assurance can be  given  that  any  of  the  events
anticipated to occur or transpire from the forward looking statements will provide any benefits to the Company.

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

Rambler Metals & Mining Plc