Exercise of Options, Issue of Equity & Tota...

FOR:  RAMBLER METALS & MINING PLC

TSX VENTURE SYMBOL:  RAB
AIM SYMBOL:  RMM

October 24, 2012

Rambler Metals and Mining plc Exercise of Options, Issue of Equity & Total Voting Rights

LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR--(Marketwire - Oct. 24, 2012) - Rambler Metals and Mining plc
(TSX VENTURE:RAB)(AIM:RMM) ('Rambler' or the 'Company') announces that it has issued and allotted 39,000 Ordinary Shares
following the exercise of options by a small number of employees of the Company. The Company has made application for
the 39,000 Ordinary Shares of 1 penny each to be admitted to trading on AIM. Admission is expected to occur on 29
October 2012.

For the purposes of the Disclosure and Transparency Rules, the Company's total issued share capital at the date of this
notice consists of 142,399,240 ordinary shares of 1 penny each.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and
Transparency Rules.

Forward Looking Statement:

Some of the statements contained herein may be forward-looking statement, which involve known and unknown risks and
uncertainties. Without limitation, statements regarding future plans and objectives of the Company are forward looking
statements that involve various degrees of risk. It is important to note that the Company's actual results could differ
materially from those in such forward-looking statements.

FOR FURTHER INFORMATION PLEASE CONTACT:

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

OR

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

OR

Seymour Pierce Limited
Stewart Dickson / Jeremy Stephenson
[phone]

OR

Pelham Bell Pottinger
Charles Vivian / Daniel Thole
[phone]

OR

Ocean Equities Limited
Guy Wilkes
[phone]

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.

Rambler Metals & Mining Plc