Interim Results

Rambler Metals & Mining PLC
25 May 2006


RAMBLER METALS AND MINING PLC

Interim Results Statement
for the half year ended 28 February 2006


Chairman's Statement

The Company is pleased to present its result of the six month period ending 28
February, 2006. During this period, the Company has continued its exploration
program on the Rambler copper and gold property at Baie Vert in Newfoundland and
Labrador, Canada.

During this period, the Phase 1 diamond drilling program was completed in
December 2005 after 13,759 metres of drilling, of which 2,884 metres were
drilled during this period.  Phase 1 was a regional drilling program designed to
establish the scope of the mineralizing system and to identify significant new
deposits. Phase 2 directional drilling program was initiated on the Rambler
property in late December 2005 and is designed to better define the significant
mineralization which was previously indicated with the ultimate purpose of
calculating a mineral resource.

Results from this program have confirmed the continuity of mineralization and
have given impetus to begin the process of estimating the costs, benefits and
environmental requirements of dewatering the mine in order to facilitate
underground exploration.

The Company is looking forward to advancing its exploration program on the
Rambler property in the midst of these exciting markets for base and precious
metals.


Harry Dobson
Chairman
25 May 2006




Group Profit and Loss Account - 28 February 2006

                                             Unaudited six months Unaudited six months       Audited period
                                                               to                   to     14 April 2004 to
                                                 28 February 2006     28 February 2005       31 August 2005
                                                            £'000                £'000                £'000

Turnover                                                        -                    -                    -

Administrative expenses                                       126                    -                  135

Operating loss                                              (126)                    -                (135)
Interest receivable                                           112                    -                  104

Loss on ordinary activities before taxation                  (14)                    -                 (31)

Taxation                                                        -                    -                    -

Loss on ordinary activities after taxation                   (14)                    -                 (31)

Dividends - equity                                              -                    -                    -

Loss for the period                                          (14)                    -                 (31)

Earnings per share (p)                                     (0.03)                    -               (0.23)

Dividends per share (p)                                         -                    -                    -



The basis of calculation of Earnings per Share is set out in note 2 on page 6.





Group Statement of Total Recognised Gains and Losses - 28 February 2006

                                             Unaudited six months Unaudited six months       Audited period
                                                               to                   to     14 April 2004 to
                                                 28 February 2006     28 February 2005       31 August 2005
                                                            £'000                £'000                £'000

Loss for the financial period                                (14)                    -                 (31)

Foreign exchange gains and losses                             283                    -                  170

Total recognised gains and losses for the
financial period                                              269                    -                  139




Group Balance Sheet - 28 February 2006
                                                       Unaudited            Unaudited               Audited
                                                 28 February 2006     28 February 2005       31 August 2005
                                                            £'000                £'000                £'000

Fixed assets
Intangible assets                                           1,985                    -                1,097


Current assets
Debtors                                                       100                    -                  152
Investments                                                 3,238                    -                6,865
Cash at bank and in hand                                    2,974                    -                   41
                                                            6,312                    -                7,058

Creditors: amounts falling due within one                     204                    -                  331 
year
                                                              

Net current assets                                          6,108                    -                6,727


Total assets less current liabilities                       8,093                    -                7,824


Capital and reserves
Called up share capital                                       400                    -                  400
Share premium account                                       7,165                    -                7,165
Other reserve                                                 120                    -                  120
Profit and loss account                                       408                    -                  139
Shareholders' funds                                         8,093                    -                7,824






Consolidated Cash Flow Statement - 28 February 2006

                                             Unaudited six months Unaudited six months       Audited period
                                                               to                   to     14 April 2004 to
                                                 28 February 2006     28 February 2005       31 August 2005
                                                            £'000                £'000                £'000


Net cash outflow from operating activities                  (221)                    -                (159)

Returns on investments and servicing of
finance
Interest received                                             132                    -                   73

Net cash inflow from returns on investments
and servicing of finance                                      132                    -                   73

Capital expenditure and financial investment
Payments to acquire intangible fixed assets                 (774)                    -                (558)

Net cash outflow from capital expenditure                                            -                (558)
and financial investment                                    (774)

Acquisitions
Purchase of 51190 Newfoundland and Labrador                     -                    -                 (65)
Inc.

Net cash outflow from acquisitions                              -                    -                 (65)

Cash outflow before use of liquid resources                 (863)                    -                (709)
and financing

Management of liquid resources
Cash withdrawn from/(placed in) other liquid
investments                                                 3,627                    -              (6,865)

Net cash inflow/(outflow) from management of
liquid resources                                            3,627                    -              (6,865)

Financing
Issue of equity share capital                                   -                    -                7,445

Net cash inflow from financing                                  -                    -                7,445

Net cash inflow/(outflow) in period                         2,764                    -                (129)




                    Notes to the Interim Statements

     
1.   Preparation of the interim financial information

The financial information for the 6 month period ended 28 February 2006 is
unaudited and does not constitute statutory accounts within the meaning of the
Companies Act 1985.  It has been prepared using accounting policies consistent
with those set out in the accounts for the period from 14 April 2004 to 31
August 2005.

The financial information for the period from 14 April 2004 to 31 August 2005
has been extracted from the group's statutory accounts for that year which
contained an unqualified audit report and which have been filed with the
Registrar of Companies.

The directors are of the opinion that the company has sufficient cash reserves
to continue its planned exploration and appraisal activities for the next twelve
months.

     
2.   Earnings per share calculation

                                         Unaudited six months Unaudited six months       Audited period
                                                           to                   to     14 April 2004 to
                                             28 February 2006     28 February 2005       31 August 2005

Loss attributable to equity shareholders                 (14)                    -                 (31)
(£'000)

Ordinary shares in issue during the                40,030,000                    2           13,579,000
period (number)

Earnings per share (p)                                 (0.03)                    -               (0.23)


     
3.   Reconciliation of operating loss to net cash flow from operating activities

                                         Unaudited six months Unaudited six months       Audited period
                                                           to                   to     14 April 2004 to
                                             28 February 2006     28 February 2005       31 August 2005
                                                        £'000                £'000                £'000

Operating loss                                          (126)                    -                (135)

Decrease/(increase) in debtors                             32                    -                (121)

(Decrease)/increase in creditors                        (127)                    -                   97

Net cash outflow from operating                         (221)                    -                (159)
activities

     
4.   Reconciliation of net cash flow to movement in net funds

                                         Unaudited six months Unaudited six months       Audited period
                                                           to                   to     14 April 2004 to
                                             28 February 2006     28 February 2005       31 August 2005
                                                        £'000                £'000                £'000

Increase/(decrease) in cash in the                      2,764                    -                (129)
period

Cash (withdrawn from)/used to increase
liquid resources                                      (3,627)                    -                6,865

                                                        (863)                    -                6,736

Foreign exchange differences                              169                    -                  170

Net cash at 1 September                                 6,906                    -                    -

Net funds at end of period                              6,212                    -                6,906

     
5.   Copies of this announcement are available to members of the general public 
     from the Company's Registered Office at 33 St James's Square, London 
     SW1Y 4JS.


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