Diamond Drilling Update

FOR:  RAMBLER METALS & MINING PLC

AIM SYMBOL:  RMM
TSX VENTURE SYMBOL:  RAB

June 24, 2013

Rambler Provides Diamond Drilling Update

Intersected 13.18% Copper, 4.58 g/t Gold and 31.73 g/t Silver Over 5.8 Metres

LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR--(Marketwired - June 24, 2013) 
- Rambler Metals and Mining plc, the Newfoundland copper and gold producer, explorer and 
developer (AIM:RMM)(TSX VENTURE:RAB) ("Rambler" or "the Company") is pleased to provide 
an update on its diamond drilling activities over the past three months at the Ming 
Copper-Gold Mine. Following the breakthrough of the main 1807 ramp system, at the end of 
February 2013, there has been a new focus on expanding the known resources/reserves 
through definition and exploration diamond drilling. 

HIGHLIGHTS

COPPER

/T/

--  Diamond drill hole UG13-98, delineation drilling into the 1807 zone
    down-dip, returned 5.80 metres (core length) of 13.18% copper, 4.58 g/t
    gold and 31.73 g/t silver

--  Definition diamond drilling testing the up-dip extension of the 1807
    zone, UG13-195, returned 8.4 metres (core length) of 5.28 % copper, 1.59
    g/t gold and 11.77 g/t silver 

/T/

GOLD

/T/

--  Recent exploration diamond drilling of the 1806 zone returned 6.63 g/t
    Au, 1.42% Cu and 19.17 g/t Ag over 2.54 meters (core length)

--  Selective mining of the 1806 zone has been ongoing with approximately
    11,135 tonnes of material drilled, blasted or stockpiled with an average
    grade of 7.83 g/t gold, 96.09 g/t silver and 0.76% copper. The Company
    plans to process this material through the gold hydrometallurgical
    facility towards the end of June 2013 while the copper concentrator is
    offline for planned maintenance 

/T/

George Ogilvie, P. Eng., President and CEO, comment,

"I am pleased to see that the early diamond drilling results are positive and confirming 
that the 1807 zone extends beyond the known reserve block. The second half of 2013 will 
see an exciting period in our diamond drilling campaign as we further test the down-
plunge extension of the 1807 zone. 

Towards the end of June the Company will have sufficient 1806 zone material stockpiled at 
the mill to batch this ore through the gold hydromet plant. Having the flexibility to 
seamlessly switch between copper concentrate and gold dore production based on business 
environment factors is an option that differentiates Rambler from many other junior 
producers. 

Production at the mill is at an all time high with copper recoveries continually 
reporting at 95% or better, a measurable increase over the 92.4% budgeted for the fiscal 
year. Backed by this momentum we hope that the rejuvenated exploration campaign will add 
to the successes seen to date."

A REVIVED EXPLORATION PROGRAM

COPPER

Sufficient capital infrastructure in the 1807 zone has now been developed providing 
access to six months of stope production. The capital development is now allowing diamond 
drill bays to be developed with the goal of undertaking an in-fill and exploration 
drilling campaign. 

Diamond drilling from the 329 level drill bay has demonstrated that the 1807 zone 
continues up-dip, potentially beyond the known ore reserve model. The drilling has 
intersected significant copper and gold mineralization with development chip sampling 
confirming the high-grade nature and continuity of the zone. The 329 level drill bay is 
now being extended so that further exploration can be completed to test the horizon 
closer to surface. 

An exploration drill bay has also been established down-dip on the 1807 zone where the 
massive sulphide horizon remains un-tested. Initial development chip and muck samples are 
encouraging and in line with previous diamond drilling in the area. The down dip 
extension of this high grade zone will play an important role in potentially adding to 
the existing resource and reserve estimates for the mine.

/T/

Table 1: Testing of the 1807 Copper Zone                                    
----------------------------------------------------------------------------
                                  Length          Cu          Au          Ag
BHID          Type                   (m)         (%)       (g/t)       (g/t)
----------------------------------------------------------------------------

----------------------------------------------------------------------------
329 lv Drill Bay                                                            
----------------------------------------------------------------------------
UG13-194      Composite             3.62        3.52        0.86        6.73
----------------------------------------------------------------------------
UG13-195      Composite             8.40        5.28        1.59       11.77
----------------------------------------------------------------------------
UG13-197      Composite             1.63        6.71        1.06       11.85
----------------------------------------------------------------------------

----------------------------------------------------------------------------
329 lv Sub-Drift                                                            
----------------------------------------------------------------------------
              Chip                  2.00        3.78        1.06        8.58
----------------------------------------------------------------------------
              Chip                  3.80        7.18        1.62       13.33
----------------------------------------------------------------------------
              Chip                  2.50        5.05        2.23       14.22
----------------------------------------------------------------------------

----------------------------------------------------------------------------
485 lv Development Muck (average)               6.91        3.01       16.70
----------------------------------------------------------------------------
              Muck                              5.16        3.77       13.50
----------------------------------------------------------------------------
              Muck                              8.66        2.25       19.90
----------------------------------------------------------------------------

----------------------------------------------------------------------------
485 lv Drill Bay                                                            
----------------------------------------------------------------------------
UG13-98       Composite             5.80       13.18        4.58       31.73
----------------------------------------------------------------------------
UG13-99       Composite             4.29        4.40        1.79        7.21
----------------------------------------------------------------------------
              Including             1.00       20.30        9.70       47.00
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Note: drill intersections indicated are core length which is estimated to be
between approx. 95% of true width for this zone.                            

/T/

GOLD

Diamond drilling of the 1806 gold zone, on the 1020 ft level, intersected significant 
gold and copper grades in both the massive sulphide horizon and base metal stringers 
immediately below. Stratigraphically this area is very similar to the up-dip of the 1806 
zone which Rambler partly mined and produced approximately 14,500 ounces of gold between 
November 2011 and May 2012 (see Press Release dated June 12, 2012). The 1806 zone has 
only been partially mined and drill tested for a limited portion of its 1,100 meter 
plunge length. The zone remains open at depth below the historical 2200 ft level. 

Rambler will further evaluate the potential of this gold zone above and below the 1020 ft 
level to determine if new mineable ore blocks can be added to the reserve. The table 
below summarizes the highlights of the recent work.

/T/

Table 2: Testing of the 1806 Gold Zone                                      
----------------------------------------------------------------------------
                                  Length          Cu          Au          Ag
BHID          Type                   (m)         (%)       (g/t)       (g/t)
----------------------------------------------------------------------------

----------------------------------------------------------------------------
1020 ft lv Drill Bay                                                        
----------------------------------------------------------------------------
UG13-73       Composite             3.11        2.48        5.57      142.51
----------------------------------------------------------------------------
UG13-79       Composite             3.00        2.42        1.77       20.75
----------------------------------------------------------------------------
UG13-82       Composite             7.05        0.34        3.81        4.10
----------------------------------------------------------------------------
UG13-83       Composite             1.70        2.78        2.21       17.79
----------------------------------------------------------------------------

----------------------------------------------------------------------------
2000 ft lv (extension down-plunge)                                          
----------------------------------------------------------------------------
UG13-199      Composite            16.54        0.58        1.93       10.19
----------------------------------------------------------------------------
              Including             3.24        1.48        5.43       23.95
----------------------------------------------------------------------------
              Including             2.54        1.42        6.63       19.17
----------------------------------------------------------------------------
UG13-200      Composite             3.43        1.01        4.36       25.87
----------------------------------------------------------------------------
UG13-201      Composite             3.03        1.85        3.21       38.56
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Note: drill intersections indicated are core length which is estimated to be
between approx. 60-80% of true width for this zone.                         

/T/

The Company currently has 11,135 tonnes of 1806 zone grading 7.83 g/t gold, 96.09 g/t 
silver and 0.76% copper available for processing. Based on the previous success of 
processing through the gold hydrometallurgical plant the Company is currently planning to 
batch this material through in a 20-day milling cycle. Further upside of this strategy 
allows annual maintenance in the copper concentrator to proceed with uninterrupted 
production.

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.

Tonnes referenced are dry metric tonnes unless otherwise indicated. Analytical results 
for Rambler's diamond drill holes are determined at Eastern Analytical, Springdale, NL, 
with the muck and chip samples assayed in-house. Base metals, plus silver, are analyzed 
by ICP with any over limit silver and all gold by fire assay with an AA finish. The 
results presented in this release are based on assay data from Eastern Analytical and the 
In-house lab which are both strictly monitored and controlled by the Company's quality 
assurance / quality control program (QA/QC).

Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined 
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or 
accuracy of this release.

Caution Regarding Forward Looking Statements:

Certain information included in this press release, including information relating to 
future financial or operating performance and other statements that express the 
expectations of management or estimates of future performance constitute "forward-looking 
statements". Such forward-looking statements include, without limitation, statements 
regarding the financial strength of the Company, estimates regarding timing of future 
development and production and statements concerning possible expansion opportunities for 
the Company. Where the Company expresses or implies an expectation or belief as to future 
events or results, such expectation or belief is expressed in good faith and believed to 
have a reasonable basis. However, forward-looking statements are subject to risks, 
uncertainties and other factors, which could cause actual results to differ materially 
from future results expressed, projected or implied by such forward-looking statements. 
Such risks include, but are not limited to, interpretation and implications of drilling 
and geophysical results; estimates regarding timing of future capital expenditures and 
costs towards profitable commercial operations. Other factors that could cause actual 
results, developments or events to differ materially from those anticipated include, 
among others, increases/decreases in production; volatility in metals prices and demand; 
currency fluctuations; cash operating margins; cash operating cost per pound sold; costs 
per ton of ore; variances in ore grade or recovery rates from those assumed in mining 
plans; reserves and/or resources; the ability to successfully integrate acquired assets; 
operational risks inherent in mining or development activities and legislative factors 
relating to prices, taxes, royalties, land use, title and permits, importing and 
exporting of minerals and environmental protection. Accordingly, undue reliance should 
not be placed on forward-looking statements and the forward-looking statements contained 
in this press release are expressly qualified in their entirety by this cautionary 
statement. The forward-looking statements contained herein are made as at the date hereof 
and the Company does not undertake any obligation to update publicly or revise any such 
forward-looking statements or any forward-looking statements contained in any other 
documents whether as a result of new information, future events or otherwise, except as 
required under applicable securities law.

FOR FURTHER INFORMATION PLEASE CONTACT:

Rambler Metals and Mining
George Ogilvie, P.Eng.
President and CEO
709-800-1929
709-800-1921 (FAX)

OR

Rambler Metals & Mining Plc
Corporate Office
[phone]
[phone] (FAX)
www.ramblermines.com

OR

Cantor Fitzgerald Europe
Stewart Dickson
[phone]

OR

Cantor Fitzgerald Europe
Jeremy Stephenson
[phone]

OR

Pelham Bell Pottinger
Charles Vivian
[phone]

OR

Pelham Bell Pottinger
Marcin Zydowicz
[phone]

OR

Ocean Equities Limited
Guy Wilkes
[phone]

Rambler Metals & Mining Plc