Rambler Extends Loan Arrangement with Sprott Re...

27 March 2013

                                   Rambler Extends Loan Arrangement with
                                    Sprott Resource Lending Partnership

London,  England & Baie Verte, Newfoundland and Labrador - Rambler Metals and Mining plc (TSXV:  RAB,  AIM:
RMM)  ("Rambler" or "the Company") announces that its operating subsidiary Rambler Metals and Mining Canada
Limited,  as borrower, with Sprott Resource Lending Partnership ("Sprott"), as lender, has agreed to  amend
the  previously announced credit agreement (see press release of 30 September 2011) with repayment now  due
by  31 March 2014.  Of the initial C$10 million secured credit facility ("Credit Facility") made available,
Rambler  has  only  drawn  C$7.5  million with C$500,000 of this repaid  in  November  2012.   The  undrawn
commitment of C$3 million of the Credit Facility is available to Rambler until 30 September 2013.

In  connection with the amendment to the Credit Facility, an amendment fee of C$400,000 will be paid to the
Lender  in  the form of ordinary shares of the Company.  A total of 803,374 Ordinary Shares (the "Amendment
Fee  Shares")  have been conditionally allotted to Sprott at C$0.4979 per share, being the 10 day  weighted
average  price  of  the Ordinary Shares on the TSX Venture Exchange on 25 March 2013.   The  Amendment  Fee
Shares will be subject to a 4 month hold period in accordance with applicable Canadian securities laws.

The  application  to  list  the Amendment Fee Shares has been conditionally approved  by  the  TSX  Venture
Exchange and an application has been made to the London Stock Exchange for the Amendment Fee Shares  to  be
admitted  to  trading  on AIM ("Admission"). Admission is expected to become effective  on  3  April  2013.
Following Admission the Company will have 143,235,614 Ordinary Shares in issue.

Upon  admission  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, Rambler under the Disclosure and Transparency Rules of the UK Listing Authority.

For further information, please contact:

George Ogilvie, P.Eng.                  Rambler Metals & Mining Plc          
President and CEO                       Corporate Office
Rambler Metals and Mining               Tel No: [phone]
Tel No: 709-800-1929                    Fax No: [phone]
Tel No: 709-800-1921

Stewart Dickson / Jeremy Stephenson     Charles Vivian / Daniel Thöle        Guy Wilkes
Seymour Pierce                          Pelham Bell Pottinger                Ocean Equities Limited
Tel No: [phone]            Tel No: [phone]         Tel No: [phone]

Website: www.ramblermines.com

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.

  London, England: Salatin House  19 Cedar Road  Sutton, Surrey  SM2 5DA  T.020 8652 2700   F.020 8652 2719

                        www.ramblermines.com                 AIM : RMM; TSX-V : RAB

Rambler Metals & Mining Plc