10 May 2011 Rambler Develops Through High Grade Gold Zone Returning 227.15 g/t Gold, 2.37% Copper and 60.17 g/t Silver Over 4.50 Metres London, England & Baie Verte, Newfoundland and Labrador � Rambler Metals and Mining plc (TSXV: RAB, AIM: RMM) (�Rambler� or the �Company�) is pleased to announce that it has intersected visible gold mineralization during pre-production development on the 1700 level of its Ming Copper-Gold Mine. HIGHLIGHTS � Visible Gold � combined development face sampling return grade of 44.47 g/t gold, 1.96% copper, and 20.02 g/t silver.

Including composited chip sample of 227.15 g/t gold over 4.50 metres � Composited historic pillar sample returning grade of 5.76 g/t gold, 3.47% copper, and 103.23 g/t silver over 3.90 metres � Exploration program being designed to further define the extent and controlling structure of the native gold � Ongoing sampling and mapping of exposed faces to determine extent of high grade copper and gold mineralization within the immediate area Larry Pilgrim, P.

Geo, Chief Geologist commented: �This new discovery is a confirmation of just how underexplored the Ming Mine truly is with respect to gold mineralization.

There have been historical reports of visible gold at the Ming Mine and we have intersected significant gold mineralization in diamond drill holes; however the discovery of gold veinlets is a first for Rambler�s exploration program. The Company is designing an exploration program to further evaluate the potential of this zone.

We are, however, focused on the continuation of pre-production development to ensure the Ming Mine enters commercial production during the second half of this year.�
A complete copy of the new release, including all associated assay results, has been attached to this email.
For further information, please contact: Rambler Metals & Mining Plc. Corporate Office Tel No: +44 (0) 20 8652-2700 Fax No: +44 (0) 20 8652-2719 George Ogilvie, P.Eng. President and CEO Rambler Metals and Mining Tel No: 709-800-1929 Guy Wilkes Ocean Equities Limited Tel No: +44 (0) 20-7786-4370 Nandita Sahgal / Jeremy Stephenson Seymour Pierce Limited Tel No: +44 (0) 20-7107-8000 Pelham Bell Pottinger Charles Vivian � Tel No +44 (0) 20 7861 3126 Philippe Polman � Tel No: +44 (0) 20 7861 3861
Website: www.ramblermines.com
Larry Pilgrim, P.Geo.

is the Qualified Person responsible for the technical content of this release and has reviewed and approved it accordingly.

Mr. Pilgrim is an independent consultant contracted by Rambler Metals and Mining plc. All tonnes reported are dry metric tonnes.
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 Companys actual results could differ materially from those in such forward-looking statements.
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