Rambler Metals PLC: Result of EGM and Admission of Placing Shares | Company Announcements

Tuesday 20 October, 2009

Rambler Metals PLC

Result of EGM and Admission of Placing Shares



FOR:  RAMBLER METALS & MINING PLC

TSX VENTURE SYMBOL:  RAB
AIM SYMBOL:  RMM

October 20, 2009

Rambler Metals & Mining Plc: Result of EGM and Admission of Placing Shares

LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR--(Marketwire - Oct. 20, 2009) - Rambler
Metals & Mining PLC (TSX VENTURE:RAB)(AIM:RMM) (the "Company") is pleased to announce that the
resolutions proposed to shareholders at the Company's extraordinary general meeting held today were
duly passed.

As a result, following the announcement on the 2 October 2009, 27,500,000 Ordinary Shares were placed
at 20 pence each (approximately Cdn $0.345 per share) raising Pounds Sterling 5.5 million (Cdn $9.35
million) before expenses.

The Company intends to use the net proceeds realized from the placing to fund the previously announced
proposed acquisition of a gold milling facility (the "Facility") from Crew Gold Corporation
(TSX:CRU)(OSLO:CRU)(FRANKFURT:KNC)(OTCBB:CRUGF) ('Crew'), for $3.5 million CDN and subsequent
engineering work on the Facility. The funding will also enable Rambler to accelerate its programme of
assessing additional opportunities to acquire potential gold and base metal properties in the
surrounding area.

Admission of the Ordinary Shares to trading on AIM is expected to take place on 21 October 2009.
Following the placing, there will be 86,885,000 Ordinary Shares in issue.

About the Company

The Rambler property had been a former underground copper and gold producing property that ceased
production when the deposit reached a then third party property boundary. This neighbouring property
was subsequently consolidated before being brought into the Company. The Company now owns a 100%
interest in the property.

The principal activity of the Group is carrying out development and exploration on the Rambler
Property, a mineral exploration property located on Newfoundland and Labrador's Baie Verte Peninsula.

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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 Public Relations
Chelsea Hayes/Klara Kaczmarek
+44 (0) 20-7337-1523 / 20-7337-1524

OR

Ocean Equities Limited
Guy Wilkes
+44 (0) 20-786 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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