Drilling Report

FOR:  RAMBLER METALS & MINING PLC

TSX VENTURE SYMBOL:  RAB
AIM SYMBOL:  RMM

January 16, 2008

Rambler Drills 5.2m of 6.7 g/T Gold With 2.96% Copper

Underground Drilling Confirms Significant Gold Mineralization

LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR--(Marketwire - Jan. 16, 2008) - Rambler Metals and
Mining plc (TSX VENTURE:RAB)(AIM:RMM) is pleased to announce the first intersections from its underground
diamond drilling exploration program.

/T/

  - RMUG07-01 returns 34.4 m of 1.8 g/T gold with 0.61% copper
      - Including 5.2 m of 6.7 g/T gold with 2.96% copper

  - RMUG07-05 returns 5.5 m of 3.2 g/T gold with 1.15% copper
      - Including 2.6 m of 5.9 g/T gold with 2.30% copper

  - RMUG07-07a returns 27.2 m of 1.2 g/T gold with 0.05% copper
      - Including 4.9 m of 3.0 g/T gold with 0.03% copper

/T/

New Gold Zone

The first Rambler exploration drill holes for the underground drill program were designed to confirm an
historically reported drill intersection that returned 28 g/T (0.9 oz/tonne) gold (not NI43-101 compliant) over
2.7 m (9 feet). All of the new holes were collared from the 740 Level and were planned to test the historical
mineralized intersection which had returned significant gold and copper assays. The gold mineralization appears
to be located in a zone at or near the stratigraphic contact between the hangingwall and footwall rock sequence
which also hosts the Ming Massive Sulphide Zone.

Historically gold had been recovered from concentrate during mining and milling of the copper rich deposits in
the Rambler Camp. However, copper had been the mineral of choice and little effort appears to have been made to
evaluate the gold potential of the mineralized horizons in the immediate vicinity of the Massive Sulphide
deposits, no doubt due to the price of gold at the time of production. The significant gold intersections in
recent holes completed by Rambler Metals and Mining indicates the possible potential for a standalone gold
resource that may be realized in the Rambler Camp.

It is important to note that this potential gold resource is located in close proximity to the already
developed ramp access and easily accessible with virtually no development cost. Additional holes have been
planned to determine the orientation and extent of mineralization. The table below summarizes the widths and
grades of the recent holes.

/T/

---------------------------------------------------------------------------
Hole              From        To     Length      Length      Cu       Au
                    (m)       (m)        (m)      (feet)     (%)    (g/T)
---------------------------------------------------------------------------
RMUG07-01         0.00     34.40      34.40      112.86    0.61      1.8
  including       19.5     34.00      14.90       48.88    1.27      3.3
  including      29.20     34.40       5.20       17.06    2.96      6.7
RMUG07-02        78.70     81.70       3.00        9.84    0.37      1.9
RMUG07-03         7.10      9.10       2.00        6.56    0.09      0.9
RMUG07-04         9.40     13.00       3.60       11.81    1.06      0.8
  including      10.40     12.10       1.70        5.58    2.24      1.6
RMUG07-05        13.00     18.50       5.50       18.04    1.15      3.2
  including      14.90     17.50       2.60        8.53    2.30      5.9
RMUG07-07a       11.80     39.00      27.20       89.24    0.05      1.2
  including      18.80     33.60      14.80       48.56    0.05      1.9
  including      18.80     23.70       4.90       16.08    0.03      3.0
RMUG07-08            0     34.50       34.5      113.19     0.3      1.3
  including      29.30     34.00       4.70       15.42     0.7      3.6

/T/

For more information and a complete listing of all RMM drill intersections, corresponding maps, figures and
NI43-101 compliance information please visit our website at www.ramblermines.com.

Larry Pilgrim, P.Geo. is the Qualified Person responsible for the technical content of this release and has
reviewed and approved it accordingly. Mr. Pilgrim is an independent consultant contracted by Rambler Metals and
Mining plc.

All tonnes are dry metric tonnes.

Drill intercepts quoted are core lengths; true widths for the gold zone are estimated to be in excess of 60% of
the intersected core lengths. Analytical results for Rambler core in this press release were determined at
Eastern Analytical, Springdale, NL. Samples are then shipped by courier to Activation Laboratories Ltd.,
Ancaster Ontario, where a 34 element ICP analysis and gold fire assay are performed.

National Instrument 43-101 compliance information regarding sampling and analytical protocols pertaining to the
Rambler Project can be accessed via the following link: http://www.ramblermines.com.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Rambler Metals and Mining Canada Limited
George Ogilvie, P.Eng.
VP & COO
[phone]

OR

Rambler Metals & Mining Plc
Leslie Little
Company Secretary
[phone]
Website: www.ramblermines.com

OR

Seymour Pierce Limited
David Newton
[phone]

OR

Pelham Public Relations
Chelsea Hayes
[phone]

-0-

Rambler Metals & Mining Plc