RMM.L Regulatory News (RMM)

22 November 2017

Rambler Appoints Experienced Underground Mining Engineer

As General Manager at the Ming Copper-Gold Mine

London, England & Baie Verte, Newfoundland and Labrador, Canada - Rambler Metals and Mining plc (TSXV: RAB, AIM: RMM) ('Rambler' or the 'Company') is pleased to announce the appointment of Mr. Scott Britton, P.E. as the Company's new General Manager at the Ming Copper-Gold Mine in Baie Verte, Newfoundland and Labrador, Canada.

HIGHLIGHTS

· Mr. Britton is a registered professional mining engineer with over 35 years of experience in leading and safely managing underground and surface mining and milling operations. He has worked in mining operations across North America with a focus on copper, zinc, uranium and coal.

· Mr. Britton has extensive experience in both technical and operating roles. He is the author of two books on mining and has presented and published over 50 technical papers.

· The Company's previous General Manager, Mr. Robert McGuire, provided his notice to retire earlier this year. Mr. McGuire has been with the Company since 2012, supporting the operations through to commercial production. He was instrumental in navigating the Company through a challenging commodity price cycle and more recently overseeing the first year of the Company's Phase II expansion to 1,250 mtpd.

Scott Britton, P.E., Ming Copper-Gold Mine General Manager, commented:

"I believe the Ming Copper-Gold Mine project represents one of the largest opportunities in Atlantic Canada and is poised to take advantage of the growing copper and gold markets. The Rambler organization is a dynamic and lean mining team focused on increasing stakeholder value. I am excited to be working with them to build Rambler into a premier junior mining company over the short term."

Norman Williams, President and CEO of Rambler, commented:

"I am very pleased to welcome Scott Britton to the Rambler team. His knowledge will be invaluable as we finalize our Phase II - 1,250 mtpd expansion. Scott is a mining professional who brings with him over 35 years of successful hands-on experience working in a variety of mining operations across North America.

"Mr. Britton has been successful in safely managing both large and small-scale mining projects with highly specialized skills in management of capital, community, social and business responsibilities associated with an operating mine. The addition of Mr. Britton will further strengthen the Rambler team and provide focus to effectively complete our expansion plans.

"On behalf of the Board of Directors we would like to welcome Scott to Rambler and wish him every success in his new role. The Board would also like to thank the outgoing general manager, Mr. McGuire, for his years of service and dedication to the Ming Mine project."

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.

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 ongoing Phase II plans are to increase mine and mill production to 1,250 mtpd by the fall 2017. This initial expansion has been fully funded through CEII's investment. Rambler will also continue advancing Phase III engineering studies with a view to further increase production to 2,000 mtpd at the Ming Mine.

Along with the Ming Mine, Rambler also owns 100 per cent of the former producing Little Deer/ Whales Back copper mines and has strategic investment in the former producing Hammerdown gold mine.

Rambler is dual listed in London under AIM:RMM and in Canada under TSX-V:RAB.

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.