Holding in Company

FOR:  RAMBLER METALS & MINING PLC

AIM SYMBOL:  RMM
TSX VENTURE SYMBOL:  RAB

May 5, 2011

Rambler Metals & Mining Plc: Holding In Company

LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR--(Marketwire - May 5, 2011) - Rambler Metals & Mining
PLC (the "Company") (TSX VENTURE:RAB)(AIM:RMM) -

The Company was notified on 4 May 2011 that, following the recently announced placing, Sector Investment
Managers Ltd have an interest in 4,100,000 shares representing approximately 3.3 per cent. of the issued share
capital of the Company.

FOR FURTHER INFORMATION PLEASE CONTACT:

Rambler Metals and Mining
George Ogilvie, P.Eng.
President and CEO
709-532-4990

OR

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

OR

Seymour Pierce Limited
Nandita Sahgal / Jeremy Stephenson
[phone]

OR

Pelham Bell Pottinger
Philippe Polman
[phone]

OR

Ocean Equities Limited
Guy Wilkes
[phone]

Rambler Metals & Mining Plc