2021 John T. Ryan National Safety Award

3 May 2022

Rambler Employees Awarded the 2021 John T. Ryan

National Safety Award for Outstanding Safety Excellence

London, England - Newfoundland and Labrador, Canada - Rambler Metals and Mining plc (AIM: RMM) ("Rambler" or the "Company"), a copper and gold producer, explorer, and developer, is delighted to announce that the employees of its Ming Mine, Nugget Pond Mill and Goodyear's Cove facilities, are the recipients of the 2021 John T. Ryan National Award from the Canadian Institute of Mining, Metallurgy and Petroleum ('CIM') as the safest underground metal mine in Canada for 2021.

This honour is awarded by the CIM to the metalliferous mine that, in one or more complete calendar years, experienced the lowest reportable injury frequency per 500,000 hours worked in Canada.

Rambler reported zero lost time accidents at its Ming Copper-Gold Mine operations in both 2020 and 2021 and has now operated for over three years with no lost time injuries.

Rambler was awarded this national award in 2015 and 2017 while being selected for a regional award in 2019.

Toby Bradbury, President and CEO, commented:

"At Rambler, causing no harm is a mindset that we constantly strive for in all that we do - be it health, safety, the environment, our community or our equipment.

"That we have worked for such an extended period with no serious injury to any person is a reflection of the behaviour and attention paid by every individual employee and contractor in our operation. We do not take this for granted and we continually look for ways in which we can improve by providing feedback and training from all of our learnings.

"While as a Company, we are naturally proud and appreciate the recognition of the CIM in receiving this prestigious award, it is one that belongs to all the people engaged in our business and I extend my sincere thanks to each and every one of them."

ABOUT RAMBLER METALS AND MINING

Rambler is a mining and development company that in November 2012 brought its first mine into commercial production. Rambler has a 100 per cent ownership in the Ming Copper-Gold Mine, a fully operational base and precious metals processing facility and year-round bulk storage and shipping facility; all located on the Baie Verte peninsula, Newfoundland and Labrador, Canada.

Rambler's focus is to regain its production profile at 1,350 metric tonnes per day at 2% Cu in 2022 and evaluate expansion opportunities from that base.  

Along with the Ming Mine, Rambler also owns 100 per cent of the former producing Little Deer Complex.

Rambler is listed in London under AIM:RMM.

For further information, please contact:

Website: www.ramblermines.com 

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 copper, gold and silver forecasts, 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 are based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, the price of and anticipated costs of recovery of, copper concentrate, gold and silver, the presence of and continuity of such minerals at modeled grades and values, the capacities of various machinery and equipment, the availability of personnel, machinery and equipment at estimated prices, mineral recovery rates, and others. 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 security law.