Rambler Metals & Mining Plc US$20M Gold Sal...

March 4th, 2010

RAMBLER METALS AND MINING
                                   US$20M Gold Sale Agreement with Sandstorm Resources

Rambler Metals & Mining PLC ('Rambler'), (TSX-V:RAB), (AIM:RMM) is pleased to announce that it has entered into an
agreement with Sandstorm Resources Ltd. (TSX-V:SSL) to sell a portion of the life-of-mine gold production from its Ming
Copper-Gold Mine, located in Baie Verte, Newfoundland.

Under the terms of the agreement Sandstorm Resources will make staged upfront cash payments for the gold to Rambler
totalling US$20M. The 'First Deposit' of US$5M is available to Rambler immediately. The 'Second Deposit' of US$2M is
available to Rambler upon completion and delivery to Sandstorm Resources of a satisfactory NI43-101 Feasibility Study,
which Rambler anticipates completing in 2Q 2010. The 'Third Deposit' of US$13M is available to Rambler upon award of all
necessary permits for the Ming Mine anticipated in 3Q 2010. In return, Sandstorm Resources will be entitled to 25% of
the first 175,000 ounces of payable gold and thereafter 12% of all payable gold produced from the Ming Mine. The initial
term of the agreement is for 40 years and is renewable thereafter by Sandstorm for successive 10 year periods.

During negotiations Casimir Capital LP acted as agent for Rambler and is entitled to a 4.5% cash commission to be paid
with each Deposit tranche pursuant to an agreement dated February 4, 2010.

George Ogilvie, President and CEO of Rambler commented: "We are extremely pleased to have signed this agreement with
Sandstorm Resources. The agreement represents an attractive source of funding for Rambler allowing us to bring the Ming
Mine into production while still giving Rambler shareholders full upside exposure to 100% of the copper, silver and the
majority of the gold production at the Ming Mine."

For further information, please contact:

George Ogilvie, P.Eng.                  Leslie Little 
President and CEO                       Company Secretary 
Rambler Metals and Mining               Rambler Metals & Mining Plc 
Canada Limited                          Tel No: [phone] 
Tel No: 709-532-4990

Nandita Sahgal                          Klara Kaczmarek 
Seymour Pierce Limited                  Pelham Bell Pottinger
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.

About Rambler

Rambler  was founded in 2004 when Altius Minerals Corporation ("Altius"), a Newfoundland and Labrador resource  company,
contributed  to  Rambler's asset base with an option to acquire and develop the Ming Mine. Following the acquisition  of
the Ming Mine, Rambler, listed on London AIM in 2005 and Toronto TSX-V in 2007.

The  Ming property had been a former underground copper and gold producing mine that ceased production when the  deposit
reached  a  then  third party property boundary. This neighbouring property was subsequently consolidated  before  being
brought into Rambler's portfolio. Rambler now owns a 100% interest in the property.

The  area  where  the mine is located is a former mining centre and subsequently good existing infrastructure  including
roads, fresh water, hydro, access to a working port while the town of Baie Verte, population 1,300 is located 17km away.

Over  the  last  several years Rambler has been exploring on the property leading to the publication  of  two  NI431-101
resource statements, the discovery of mineralized lenses and the extension of pre-existing mineralized lenses. Today all
mineralized lenses remain open in multiple directions while, importantly, the deposit has not been cut-off at depth. The
underground workings have been dewatered and services including air, water and electrical re-installed.

In  October  2009,  Rambler  purchased  an operational gold hydrometallurgical mill,  Nugget  Pond,  which  is  situated
approximately  40km  from  the  Ming Mine. Rambler intends to expand the mill so that is  capable  of  handling  massive
sulphides from the mine to produce a copper concentrate with gold and silver as by-products as well as recover any  free
gold.

Rambler  is about to embark on the construction phase of the project with the intention of bringing the Ming  Mine  into
production in 2011.

About Sandstorm Resources

Sandstorm  Resources Ltd. Is a growth focused resource based company that seeks to complete transactions with  companies
that  have advanced stage development projects or operating mines. By making upfront payments to its partners, Sandstorm
receives volumetric production payments (i.e. metal stream deals) on precious metals. Sandstorm helps other companies in
the resource industry grow their businesses, while acquiring attractive assets in the process.

Sandstorm  is focused on low cost operations with excellent exploration potential and strong management teams. Sandstorm
has  completed volumetric production payments with Luna Gold Corp, SilverCrest Mines Inc., Santa Fe Gold Corporation and
Rambler Metals & Mining PLC. For more information visit:
www.sandstormresources.com

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 management's expectations or estimates of future performance  constitute
"forward-looking statements." Such forward-looking statements include, without limitation, estimates regarding timing of
future  development and production. 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 operatin 
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.  These forward-looking statements are made as at the  date hereof
and  Rambler  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. For a more detailed discussion of such 
risks  and  other  factors,  see Rambler's latest filings with Canadian securities regulators.

  London, England: Muscott House !  6a Meadrow !  Godalming, Surrey !  GU7 3HL ! T.+44(0) 1483 419942 ! F.+44(0) 1483-
                                   429255 ! www.ramblermines.com     AIM:RMM; TSXV:RAB

Rambler Metals & Mining Plc