Rambler Announces Options Exercise

13 October 2011
                                      Rambler Announces Options Exercise

London,  England & Baie Verte, Newfoundland and Labrador - Rambler Metals and Mining plc (TSXV: RAB, AIM:  RMM)
('Rambler'  or  the 'Company') announces that it has issued and allotted 44,000 Ordinary Shares  following  the
exercise of options by a number of employee(s) of the Company. The Company has made application for the  44,000
Ordinary Shares of 1 penny each to be admitted to trading on AIM.  Admission is expected to occur on 19 October
2011

For the purposes of the Disclosure and Transparency Rules, the Company's total issued share capital at the date
of this notice consists of 123,980,005 ordinary shares of 1 penny each.

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,  the  Company,
under the Disclosure and Transparency Rules.

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]

Nandita Sahgal / Jeremy Stephenson           Pelham Bell Pottinger
Seymour Pierce Limited                       Philippe Polman - Tel No [phone]
Tel No: [phone]

Guy Wilkes                                   
Ocean Equities Limited
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.

Forward Looking Statement:
Some of the statements contained herein may be forward-looking statement, which involve known and unknown risks
and  uncertainties.  Without limitation, statements regarding future plans and objectives of  the  Company  are
forward  looking  statements that involve various degrees of risk. It is important to note that  the  Company's
actual results could differ materially from those in such forward-looking statements.

 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