Rambler Makes Further Repayment to Sprott Resou...

FOR:  RAMBLER METALS & MINING PLC

TSX VENTURE SYMBOL:  RAB
AIM SYMBOL:  RMM

May 1, 2013

Rambler Makes Further Repayment to Sprott Resource Lending Partnership

LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR--(Marketwired - May 1, 2013) - Rambler Metals and Mining plc,
the Newfoundland copper and gold producer, explorer and developer (TSX VENTURE:RAB)(AIM:RMM) ("Rambler" or "the
Company") is pleased to announce that on 30 April 2013 a payment of CAD$500,000 was made to Sprott Resource Lending
Partnership ('Sprott'). The payment reduces the outstanding balance on the Company's recently renewed credit facility to
CAD$ 6.5 million.

Further reductions to this outstanding facility are planned over the coming months, with the intention of having the
facility repaid by the end of calendar year 2013. Additional information on the loan arrangement with Sprott can be
found in a Company press release dated 27 March 2013.

Norman Williams, CFO, commented:

"This payment demonstrates Rambler's commitment to paying off its debts. With the winter season now behind us, we are
beginning to see increases in the amount of high grade copper concentrate produced from the operation. With further
incremental operational improvements we are optimistic that more free cash flow can be generated, allowing us to be more
aggressive with our debt repayment schedule."

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.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Rambler Metals & Mining Plc
George Ogilvie, P.Eng.
President and CEO
709-800-1929 or 709-800-1921

OR

Rambler Metals & Mining Plc
Corporate Office
[phone]
[phone] (FAX)
www.ramblermines.com

OR

Cantor Fitzgerald Europe
Stewart Dickson / Jeremy Stephenson
[phone]

OR

Pelham Bell Pottinger
Marcin Zydowicz
[phone]

OR

Ocean Equities Limited
Guy Wilkes
[phone]

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.

Rambler Metals & Mining Plc