Drilling Stage Update

Rambler Metals & Mining PLC
20 October 2005


20th October 2005


Rambler Moves to Detailed Drilling Stage


The Company is pleased to report that it is set to commence the next stage of
its drilling program at the Rambler Project where it is targeting the
development of additional reserves and resources on the former copper and gold
producing property in Baie Verte, Newfoundland. The key targets under evaluation
are the Ming Horizon massive sulphide copper and gold mineralization and the
Ming Footwall Zone stringer copper mineralization.

Historic mining on the property resulted in production of more than 2 million
tonnes of copper and gold rich ore over a 10-year period until mining operations
ceased in 1984 upon approach of the then existing property boundary.

This next phase of the drilling program will consist of focussed directional
drilling and follows an initial reconnaissance-scale drilling phase.


Reconnaissance Drilling

The reconnaissance drilling, recommended in the Competent Person's Report
associated with the Company's AIM quotation, was initiated in April.  This phase
was designed to test the potential broader scope of the system and is now
nearing completion.

The highlight from the reconnaissance program is Hole 8 (see news release dated
2005-08-04), which has intersected the direct down-plunge extension of
historically recognized mineralized trends 885 feet (270 metres) beyond the
deepest level tested in 2004.  In addition to intersecting 247 feet of copper
mineralization in 6 separate intervals within the Footwall Zone, this hole
identified higher than expected gold grades from massive sulphide zones on the
Ming Horizon including 7.3 g/t gold and 1.7 per cent copper over 19.5 feet (5.94
metres).

Additional results from this part of the program will be released upon receipt
of pending assay and geophysical data.

'To date we have drilled over 11,000 meters and have completed the regional
portion of the drill program and are looking forward to drilling the more
tightly spaced holes that can add reserves and resources to the resource base
the property already has, ' stated Chairman Harry Dobson. ' A dewatering program
is also currently being considered in order to allow us access to historically
identified areas of both high grade gold and copper mineralization that can not
be as effectively tested by surface drilling.'

The more detailed evaluation of the Ming Horizon massive sulphide and the Ming
Footwall Zone (will be completed using  directional drilling techniques and
systems.  This system allows for 'branch' holes to be guided away from 'trunk'
holes with a high degree of accuracy.  The reconnaissance spaced drill holes,
including hole 8, completed during the first part of the drilling program will
serve as the trunk holes for detailed testing of both the Footwall Zone and the
overlying Ming Horizon.

For the depths being evaluated at the Ming Horizon on the Rambler Project new
branch holes can test the zone on average 50 to 100 metres from the trunk hole
pierce points.  The directional drilling will allow for a much higher level of
control and anticipated total lower cost compared to drilling the same targets
as individual holes from surface using conventional techniques.

The Company is also evaluating the merit and feasibility of dewatering the
historic workings in order to better evaluate certain zones, including the 1807
gold zone and the remaining developed massive sulphide ore located near the
bottom of previous underground infrastructure.  Access to the workings would
also enable exploration drifting and underground drilling below historically
accessed levels.


Guy Wilkes                                  Justine Howarth / Ana Ribeiro
Ocean Equities                              Parkgreen Communications
T: 020 7786 4370                            T: 020 7493 3173


Exploration on the Rambler property is being conducted by Altius Resources Inc.
under a service agreement with Rambler Metals and Mining plc.  All drill holes
have produced 47.6 millimetre diameter (1.875-inch) NQ diamond drill core.  The
drill core is descriptively logged on site, aligned, marked for sampling and
then split in half, longitudinally, using a diamond saw blade.  One-half of the
core is preserved in core boxes for future reference. The samples comprising the
other half of the core are bagged, sealed and delivered directly to the
analytical laboratory by Altius personnel.  Base metal-bearing samples are
nominally 1 metre to 1.8 metres (3.28 to 5.90 feet) in length except where
specific geologic parameters require that a smaller interval be sampled.
Samples with suspected precious metal content are nominally one metre or less,
depending on the geological circumstances.

The sawed samples are delivered directly to Eastern Analytical Ltd. in
Springdale, Newfoundland by Altius personnel where they are dried, crushed and
pulped.  Samples are crushed to approximately -10 mesh and split using a riffle
splitter to approximately 300 grams.  The sample split is pulverized using a
ring mill to approximately 98% minus 150 mesh.  In addition to regular samples,
blank samples and quarter-split samples are also submitted for crushing/pulping.

The sample pulps are picked up directly at Eastern Analytical by Altius
personnel and returned to the project site at which point analytical standard
samples and duplicate samples from previous batches are inserted into the sample
stream.  All sample rejects are also retrieved from Eastern Analytical by Altius
personnel and securely stored by Altius.

The sample pulps are shipped by courier to Activation Laboratories Ltd. in
Ancaster, Ontario for analysis.  A typical analysis consists of three,
industry-standard components:
     
(1)  an aqua regia digestion followed by a 34 element ICP analysis,

(2)  a gold assay consisting of a one assay ton fire assay with finish by atomic
     absorption, and

(3)  an assay of specific base metals by aqua regia digestion followed by atomic
     absorption spectroscopy for those elements which exceed the limits of ICP
     accuracy.

Check assays for the Rambler project are being conducted by ALS Chemex, using
industry-standard techniques posted on their website.  The drill programme and
sampling protocol are being supervised by J.Geoffrey Thurlow, Ph.D., P.Geo., of
VMS Consultants Inc. and a Director of Altius; a Qualified Person as defined
under the Canadian Securities Administrators' National Instrument 43-101.


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