Rambler Metals and Mining Reports Latest Drill ...

FOR:  RAMBLER METALS & MINING PLC

TSX VENTURE SYMBOL:  RAB
AIM SYMBOL:  RMM

August 27, 2008

Rambler Metals and Mining Reports Latest Drill Results at the Ming Mine Drills 7.4 Metres of 0.3 g/T
Gold and 2.22% Copper

LONDON, ENGLAND AND BAIE VERTE, NEWFOUNDLAND AND LABRADOR--(Marketwire - Aug. 27, 2008) - Rambler
Metals and Mining plc (TSX VENTURE:RAB)(AIM:RMM) is pleased to announce further positive drill results
from its underground diamond drilling exploration program at the Ming Mine.

Highlights include the following assay results:

/T/

-----------------------------------------------------------------------
Drill Hole             Sample Length                 Au              Cu
-----------------------------------------------------------------------
RMUG08-75                     5.00 m           0.14 g/t          1.93 %
-----------------------------------------------------------------------
RMUG08-77                     4.00 m           0.08 g/t          2.19 %
-----------------------------------------------------------------------
RMUG08-77 (GOLD)              1.00 m           3.47 g/t          1.81 %
-----------------------------------------------------------------------
RMUG08-79                     8.00 m           0.04 g/t          2.07 %
-----------------------------------------------------------------------
RMUG08-79                     2.40 m           0.48 g/t          3.50 %
-----------------------------------------------------------------------
RMUG08-87                     8.00 m           0.09 g/t          1.88 %
-----------------------------------------------------------------------

/T/

Lower Footwall Zone

Delineation drilling of the Lower Footwall Stringer Zone is progressing well and has returned some
very encouraging results. The envelope of footwall mineralization is larger than originally modeled
from the historic drilling and there appears to be higher grade zones within the lower footwall with
better than 2% copper. In addition to these positive findings, the new footwall drilling has returned
elevated gold grades in a number of intersections. This grade of gold has never been reported in the
lower footwall zone and if sizable will have a significant impact on the updated NI43-101 resource
statement to be released early in 2009. Further work is ongoing to determine the extent of this
mineralization and its controlling structures.

Of the contracted 20,000 metres, 16,000 metres have already been drilled with much of the new drilling
focused on untested areas between the 1800 and 2600 levels. This new infill drilling has allowed for a
better understanding of the nature of the deposit, cross cutting mafic intrusives as well as tighter
control of the mineralization in the footwall zone.

George Ogilvie, P.Eng, President and CEO, Rambler commented;

"We have been extremely pleased with our underground diamond drilling campaign to date which is
confirming our initial assumptions that the Lower Footwall Zone grade is improving with depth. This
bodes well for our long term mining plan while creating significant opportunity for further
mineralized extension now that the mine is de-watered. The ore block for the Lower Footwall Zone as
defined within our NI43-101 will soon be drilled off on 50m centres producing a resource in the
indicated category. It is then our intention to undertake infill drilling on 25m centres in areas with
higher grade to move these resources into the measured category which then allows a mineable reserve
to be calculated. This exercise moves us one step closer to production."

The table below summarizes the widths, grades and drill station of the recent holes. All underground
drill holes in this release targeted the Lower Footwall Zone.

/T/

----------------------------------------------------------------------------
Target   Drill         Hole      From       To  Length  Length     Au    Cu
         Level                     (m)      (m)     (m)  (feet)  (g/t)   (%)
----------------------------------------------------------------------------
LFZ    800 (2)    RMUG08-65     158.9    161.5     2.6    8.53   0.09  1.41

LFZ       1900    RMUG08-72    151.50   159.70    8.20   26.90   0.06  1.10
                  including    151.50   157.70    6.20   20.34   0.07  1.42

LFZ       2150    RMUG08-75    130.80   134.80    4.00   13.12   0.05  1.26
                  RMUG08-75    161.20   166.20    5.00   16.40   0.14  1.93

LFZ       2150    RMUG08-76    119.90   121.90    2.00    6.56   0.07  1.18
                  RMUG08-76    135.00   145.60   10.60   34.78   0.08  1.43
                  RMUG08-76    169.20   177.20    8.00   26.25   0.10  1.48
                  including    170.20   176.20    6.00   19.69   0.12  1.86
                  RMUG08-76    188.90   195.90    7.00   22.97   0.05  1.21

LFZ       2150    RMUG08-77    133.10   137.10    4.00   13.12   0.08  1.57
                  RMUG08-77    155.90   173.90   18.00   59.06   0.14  1.10
                  including    165.90   172.90    7.00   22.97   0.33  1.90
                       GOLD    167.90   168.90    1.00    3.28   1.60  2.03
                  RMUG08-77    186.10   233.80   47.70  156.50   0.07  1.20
                  including    186.10   197.80   11.70   38.39   0.18  1.81
                  including    229.80   233.80    4.00   13.12   0.08  2.19
                       GOLD    257.80   258.80    1.00    3.28   3.47  1.81

LFZ       2150    RMUG08-79    180.00   184.40    4.40   14.44   0.21  2.83
                  Including    183.00   184.40    1.40    4.59   0.21  5.40
                  RMUG08-79    215.80   228.80   13.00   42.65   0.03  1.78
                  Including    216.80   224.80    8.00   26.25   0.04  2.07
                  RMUG08-79    245.80   253.20    7.40   24.28   0.30  2.22
                  Including    250.80   253.20    2.40    7.87   0.48  3.50

LFZ    1800 GB    RMUG08-86    194.20   200.20    6.00   19.69   0.06  1.36

LFZ    1800 GB    RMUG08-87    133.70   141.70    8.00   26.25   0.09  1.88
                  RMUG08-87    152.70   165.70   13.00   42.65   0.23  1.41

/T/

For more information and a complete listing of all RMM drill intersections, corresponding maps,
figures and NI43-101 compliance information please visit our website at www.ramblermines.com.

Larry Pilgrim, P.Geo. is the Qualified Person responsible for the technical content of this release
and has reviewed and approved it accordingly. Mr. Pilgrim is an independent consultant contracted by
Rambler Metals and Mining plc.

All tonnes are dry metric tonnes.

Drill intercepts quoted are core lengths; true widths for the Gold Lower Footwall Zone are estimated
to be in excess of 90% of the intersected core lengths. Analytical results for Rambler core are first
determined at Eastern Analytical, Springdale, NL. Samples are then shipped by courier to Activation
Laboratories Ltd.("Actlabs'"), Ancaster Ontario, where a 34 element ICP analysis and gold fire assay
are performed. The results presented in this release are based on assay data from Eastern Analytical
and Actlabs'. ActLabs' data, being the accredited lab for this project, will supersede all other
results.

National Instrument 43-101 compliance information regarding sampling and analytical protocols
pertaining to the Rambler Project can be accessed via the following link: http://www.ramblermines.com.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Rambler Metals and Mining Canada Limited
George Ogilvie, P.Eng.
President and CEO
[phone]

OR

Rambler Metals & Mining Plc
Leslie Little
Company Secretary
[phone]
Website: www.ramblermines.com

OR

Seymour Pierce Limited
Nandita Sahgal
[phone]

OR

Pelham Public Relations
Chelsea Hayes/Klara Kaczmarek
[phone]/20-3159-4395

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

ISIN: GB00B06Y3F14

Rambler Metals & Mining Plc