Rambler Metals & Mining PLC Buy Back of His...
FOR: RAMBLER METALS & MINING PLC
TSX VENTURE SYMBOL: RAB
AIM SYMBOL: RMM
April 7, 2010
RAMBLER METALS & MINING PLC Buy Back of Historical Royalties on the Ming Mine Property
LONDON, UNITED KINGDOM and TORONTO, ONTARIO--(Marketwire - April 7, 2010) - Rambler Metals & Mining PLC (TSX
VENTURE:RAB)(AIM:RMM) ("Rambler" or the "Company") is pleased to announce that it will be exercising its right
to buy back 3% of the total 4.5% Net Smelter Return ("NSR") royalty held on the Ming property.
New Meridian Mining Corporation (TSX VENTURE:NWM.H) (formerly Eastern Meridian) currently holds a 2% NSR
royalty and Ming Minerals holds a 1% NSR royalty. Rambler will exercise its right to buy back the royalty for
C$600,000 and C$500,000 respectively before the commencement of production.
George Ogilvie, President and CEO of Rambler commented: "This is another clear step by Rambler to release the
Ming Mine from old royalty agreements so that shareholder returns can be fully maximized once we reach full
commercial production in 2011."
Upon the removal of the above combined 3% NSR royalty, the Ming Mine will have a remaining combined 1.5% NSR
royalty, of which 1% rests with Royal Gold Inc (TSX:RGL) and 0.5% with Peter Dimmell, a local Newfoundland
businessman.
Website: www.ramblermines.com
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 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 mineralized lenses and the extension of pre-existing mineralized
lenses. Today all mineralized lenses remain 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 is capable of handling
massive sulphides from the mine to produce a copper concentrate with gold and silver as by-products as well as
recover any free gold.
In March 2010 Rambler announced a Gold Sale Agreement with Sandstorm Resources (TSX VENTURE:SSL) providing
Rambler with a US$20M upfront gold loan in return for giving Sandstorm the right to purchase 25% of the first
175,000 oz of payable gold and thereafter 12% of all future payable gold.
Rambler is about to embark on the construction phase of the project with the intention of bringing the Ming
Mine into production in 2011 following the environmental release of the project.
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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
+44 (0) 20-7337-1524
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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