Environmental Approval Received for Ming Copper...
FOR: RAMBLER METALS & MINING PLC
TSX VENTURE SYMBOL: RAB
AIM SYMBOL: RMM
June 1, 2010
Rambler Metals and Mining PLC: Environmental Approval Received for Ming Copper-Gold Mine
LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR--(Marketwire - June 1, 2010) - Rambler Metals and
Mining PLC (TSX VENTURE:RAB)(AIM:RMM) ("Rambler" or the "Company") is pleased to announce it has received final
environmental approval and project release from the Government of Newfoundland and Labrador for its Ming Copper
Gold Mine on the Baie Verte Peninsula, Newfoundland, Canada.
On May 27, 2010 the Minster of Environment and Conservation informed the company that, under authority of
Section 67(3) (a) of the Environmental Protection Act, the Lieutenant-Governor in Council has released the Ming
Copper Gold Mine from further environmental assessment, subject to a number of terms and conditions.
George Ogilvie, President and CEO commented;
"The environmental release of the project from the Government of Newfoundland and Labrador represents another
major step in the Company's development. The approval allows Rambler to start project development when the
feasibility study is completed in Q2 2010. The timing of these plans will facilitate for production in 2011
when predicted demand for copper and gold is relatively strong with good medium and long term fundamentals. We
would like to acknowledge the encouragement and support we have received for this project from the Province of
Newfoundland and Labrador, the public and local businesses."
A copy of the release can be found on the Environmental Assessment Bulletin website of the Department of
Environment and Conservation at http://www.gov.nl.ca/env.
The project will result in considerable socio-economic benefits accruing to the Province of Newfoundland and
Labrador, creating employment, business opportunities and contributing substantially to the economy.
Project Update
The NI43-101 Feasibility Study is nearing completion and is due for delivery to the Company in calendar 2Q
2010. Completion of a satisfactory NI43-101 Feasibility Study will in turn result in Rambler being granted
access to the second tranche of US$2 Million funding under the terms of its agreement with Sandstorm Resources
Ltd (TSX VENTURE:SSL).
With the project released from further environmental assessment the Company can now apply for the various
regulatory permits and licenses required to begin construction for the mine, mill and port infrastructure to
facilitate the production of copper, gold and silver from the Ming Mine planned for 2011. The Company currently
envisages beginning the construction campaign in August 2010. All of the major equipment for the mill expansion
has now been ordered and is due for delivery to site in July and August 2010. The award of the necessary
permits will grant Rambler access to the third and final tranche of US$13M funding under the terms of its
agreement with Sandstorm Resources Ltd (TSX VENTURE:SSL).
At the time of this release the Company has a strong treasury position of C$11 M held in cash or short term
investments.
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 only 17km away.
Over the last several years Rambler has been exploring on the property leading to the publication of two NI43-
101 resource statements, the discovery of new mineralized lenses and the extension of pre-existing mineralized
lenses. Today all mineralization remains 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 it is capable of handling
massive sulphides from the Ming Mine to produce a copper concentrate with gold and silver as by-products.
Rambler is about to embark on the construction phase of the project with the intention of bringing the Ming
Mine into production in 2011.
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
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. 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.
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FOR FURTHER INFORMATION PLEASE CONTACT:
Rambler Metals and Mining
Canada Limited
George Ogilvie, P.Eng.
President and CEO
709-532-4990
OR
Rambler Metals & Mining Plc
Leslie Little
Company Secretary
+44 (0) 14-8341-9942
www.ramblermines.com
OR
Seymour Pierce Limited
Nandita Sahgal
+44 (0) 20-7107-8000
OR
Pelham Bell Pottinger
Klara Kaczmarek / Charles Vivian
+44 (0) 20-7861-3883
OR
Ocean Equities Limited
Guy Wilkes
+44 (0) 20-7786-4370
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.
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Rambler Metals & Mining Plc
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