Drilling Report

Rambler Metals & Mining PLC
13 July 2006



                          Rambler Metals & Mining plc

13th July 2006


NEW HIGH GRADE COPPER-GOLD ZONE IDENTIFIED AT THE RAMBLER PROJECT

Highlights

-           RM-06-04f returns 19.7 feet of 14.40% copper plus 1.8 g/T gold
-           RM-06-04g returns 47.2 feet oft 4.71% copper; including 10.8 feet @
            14.00 % copper plus 1.0 g/T gold

London - Rambler Metals and Mining plc is pleased to report continuing
significant drill results from its ongoing Phase II drilling program at the
Rambler Copper-Gold Project in Newfoundland and Labrador, Canada.  The current
drilling program has been focusing on delineation of the Ming Footwall Zone
(MFZ) at approximately 50 metre centres utilizing directional drilling
techniques. These latest results are from a previously unknown 'upper' zone
within the MFZ that is in close proximity to existing underground mining
infrastructure related to historic mining of the overlying Ming Massive Sulphide
(MMS) deposit.

Rambler Chairman Harry Dobson commented, 'These results are very encouraging and
especially significant when recognized as a new zone of mineralization that
occurs at a stratigraphically shallower level than other recently reported
high-grade intercepts from the MFZ. The two intercepts here are 37 metres (121
feet) apart and approximately 70 metres (230 feet) beneath the historical Ming
Massive Sulphide deposit.  We intend to test this new zone both along strike and
down plunge as part of our continuing delineation program of the MFZ'.

Two drill rigs continue to operate from surface on the property while the
technical planning and permitting process for a dewatering and underground
rehabilitation program that will facilitate additional underground drilling
programs also progresses.

The results from these offset holes 4f and 4g are tabled below and a drill hole
location map of all results to date can be viewed at 
http://www.ramblermines.com.


Drill                 From           To       Length       Length           Cu           Au     Zone
Hole              (meters)     (meters)     (meters)       (feet)          (%)        (g/T)

RM06-04f            974.00       980.00         6.00        19.70        14.38          1.8     MFZ
RM06-04g            966.10       980.50        14.40        47.24         4.71          0.4     MFZ
including            967.5       970.80         3.30        10.80        14.00          1.0     MFZ
RM06-04g            982.00       988.00         6.00        19.69         1.66          0.1     MFZ





Leslie Little, Company Secretary                     Guy Wilkes
Rambler Metals & Mining Plc                          Ocean Equities
Tel No: 020-7661-8062                                T: 020 7786 4370

J.Geoffrey Thurlow, Ph.D., P.Geo., a Director of Altius Resources Inc., is the
Qualified Person responsible for technical content of this release.  Drill
intercepts quoted are core lengths; true widths are estimated to be 90% to 95%
of the intersected core lengths.  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

Exploration on the Rambler property is being conducted by Altius Resources Inc.
under a service agreement with Rambler Metals and Mining plc.  All drill holes
have produced 47.6 millimetre diameter (1.875-inch) NQ diamond drill core.  The
drill core is descriptively logged on site, aligned, marked for sampling and
then split in half, longitudinally, using a diamond saw blade.  One-half of the
core is preserved in core boxes for future reference. The samples comprising the
other half of the core are bagged, sealed and delivered directly to the
analytical laboratory by Altius personnel.  Base metal-bearing samples are
nominally 1 metre to 1.8 metres (3.28 to 5.90 feet) in length except where
specific geologic parameters require that a smaller interval be sampled.
Samples with suspected precious metal content are nominally one metre or less,
depending on the geological circumstances.

The sawed samples are delivered directly to Eastern Analytical Ltd. in
Springdale, Newfoundland by Altius personnel where they are dried, crushed and
pulped and assayed.  Samples are crushed to approximately -10 mesh and split
using a riffle splitter to approximately 300 grams.  The sample split is
pulverized using a ring mill to approximately 98% minus 150 mesh.  In addition
to regular samples, blank samples and quarter-split samples are also submitted
for crushing/pulping.

The sample pulps are picked up directly at Eastern Analytical by Altius
personnel and returned to the project site at which point analytical standard
samples and duplicate samples from previous batches are inserted into the sample
stream.  All sample rejects are also retrieved from Eastern Analytical by Altius
personnel and securely stored by Altius.

The sample pulps are shipped by courier to Activation Laboratories Ltd. in
Ancaster, Ontario for analysis.  A typical analysis consists of three,
industry-standard components:

(1)  an aqua regia digestion followed by a 34 element ICP analysis,

(2)  a gold assay consisting of a one assay ton fire assay with finish by atomic
     absorption, and

(3)  an assay of specific base metals by aqua regia digestion followed by atomic
     absorption spectroscopy for those elements which exceed the limits of ICP
     accuracy.


About the Company

Rambler was established to invest in the base metal sector in politically stable
jurisdictions. Its principal project is the Rambler copper-gold property,
located on the Baie Verte Peninsula of Newfoundland and Labrador, Canada, which
is at the delineation drilling stage. Rambler acquired the property from Altius
Minerals Corporation in exchange for ordinary shares during 2005.

The Rambler property contains the former producing Ming and Ming West
copper-gold mines.  The Ming Mine last operated in 1982 and the Ming West Mine
in 1996. Mining of the Ming Mine ceased when workings reached a neighbouring
property boundary.  Rambler Metals and Mines acquired the property after it had
been successfully consolidated.

The Ming and Ming West Mines exploited relatively narrow zones of high-grade
copper and gold mineralization.  Sections of this mineralization remain in the
lower part of the Ming Mine and it is open to depth.

In 2004, two holes were drilled to test the depth potential of the underlying
Ming Footwall Zone (MFZ), which was partially outlined nearer to surface by the
previous mining operator. These drill holes both returned wide zones of good
grade copper mineralization and the MFZ became a priority for delineation
drilling.

The first phase of drilling was carried out from April through December 2005 and
involved the completion of widely spaced holes from which offset holes could be
completed using directional drilling technology.  The directional drilling
program began in January of 2006 and holes are now being spaced at approximately
50 metre centres in order to delineate the mineralized areas.

A program of dewatering and rehabilitation of the Ming Mine underground
infrastructure is currently at the permitting stage.  This work is being
undertaken with a view towards accelerating resource delineation and, hopefully,
the resumption of mining operations on the property.

Rambler Metals and Mining plc trades on London's AIM market under symbol RMM.






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