NEWS ... ROYALTY BUYOUT - Rambler Metals and Mining plc

"As Rambler sees first revenues from production it is now fiscally prudent that we buyout any royalty encumbrances held over the property.


                        
                             
 Rambler Buys Out 2% Net Smelter Royalty on the Ming Mine
 http://www.marketwire.com/press-release/rambler-buys-out-2-net-smelter-royalty-on-the-ming-mine-aim-rmm-1616437.htm
  
 LONDON, ENGLAND and BAIE VERTE, NEWFOUNDLAND AND LABRADOR--(Marketwire - Feb. 8, 2012) - Rambler Metals and Mining plc (TSX VENTURE:RAB)(AIM:RMM) ('Rambler' or the 'Company') is pleased to announce that it has purchased the Ming Mine's 2% net smelter royalty held by Philippine Metals Inc. (TSX VENTURE:PHI), formerly New Meridian Mining Corporation, for C$600,000. Before the buyout the mine had a 4.5% combined net smelter royalty held by four separate groups (See RMM press release April 7, 2010). Of the four net smelter royalties two included a buyout clause allowing Rambler to purchase 3% of the total net smelter royalty for a total consideration of C$1,100,000. Of greatest value to Rambler and the first to be purchased is Philippine Metals Inc. 2% net smelter royalty for C$600,000.
 Arrangements are also being made to buyout the remaining 1% net smelter royalty. Upon removal of the combined 3% NSR, the Ming Mine will have a remaining 1.5% net smelter royalty. This is in addition to the gold only royalty held by Sandstorm Gold (TSX VENTURE:SSL) taken on as part of the project's financing.
 Norman Williams, CFO commented:
                          "As Rambler sees first revenues from production it is now fiscally prudent that we buyout any royalty encumbrances held over the property. While we will see some interest payments by drawing down an additional C$2.5M from the Sprott credit facility, the total interest payable per month will be far less than the payments made under this 2% net smelter royalty."