Mr. George Ogilvie reports

RAMBLER GRANT OF OPTIONS

Rambler Metals and Mining PLC has granted 100,000 stock options to Stanley Neamonitis, non-executive director of the company. The options are exercisable at a price of 53 cents, vesting on March 23, 2012. The total number of ordinary shares over which Mr. Neamonitis holds options following this notification is 100,000.

Mr. Neamonitis has many years of experience in the marketing of base metal concentrates, and will be assisting the company in the administration of the off-take agreement with Transamine Trading for the copper/gold concentrates to be produced over the next six years from the Ming copper-gold mine through the Nugget Pond mill.