A LEADING COPPER-GOLD PRODUCER IN ATLANTIC CANADA

MINING MILLING MARKETS

OCTOBER 2014

FORWARD LOOKING STATEMENTS

Caution Regarding Forward Looking Statements:Certain information included in this presentation, including information relating to future financial or operating performance and otherstatements 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 for fiscal 2014(including the information provided in any tables relating to production and concentrate forecasts for fiscal 2014), the financial strength ofthe Company, estimates regarding timing of future development and production and statements concerning possible expansionopportunities for the Company. Where the Company expresses or implies an expectation or belief as to future events or results, suchexpectation 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 ofsuch minerals at modeled grades and values, the capacities of various machinery and equipment, the availability of personnel, machineryand 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 bysuch forward‐looking statements. Such risks include, but are not limited to, interpretation and implications of drilling and geophysicalresults; estimates regarding timing of future capital expenditures and costs towards profitable commercial operations. Other factors thatcould cause actual results, developments or events to differ materially from those anticipated include, among others, increases/decreasesin 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 tosuccessfully integrate acquired assets; operational risks inherent in mining or development activities and legislative factors relating toprices, taxes, royalties, land use, title and permits, importing and exporting of minerals and environmental protection. Accordingly, unduereliance should not be placed on forward‐looking statements and the forward‐looking statements contained in this press release areexpressly qualified in their entirety by this cautionary statement. The forward‐looking statements contained herein are made as at thedate hereof and the Company does not undertake any obligation to update publicly or revise any such forward‐looking statements or anyforward‐looking statements contained in any other documents whether as a result of new information, future events or otherwise, exceptas required under applicable law.

RMM’s qualified person, Mr. Larry Pilgrim, P. Geo., is responsible for verification and quality assurance of the exploration data and theanalytical results set forth in this presentation. RMM is in full compliance with all NI43‐101 rules and regulations.

2

ABOUT RAMBLER

3

Copper‐Gold Producer in Newfoundland Operates the Ming Mine & Nugget Pond Mill Stable low risk jurisdiction

Meaningful Growth Potential High tonnage Lower Footwall Zone (LFZ) Regional exploration properties and investments

Proven Mine Developer and Operator Building a mid‐tier base metals company Assessing merger and acquisition opportunities

Financially Strong Cash flow positive Solid, unlevered balance sheet

*Note: Fiscal Year-End of 31 July

SHARE STRUCTURE

4

Ticker RMM RAB

Share Price (Oct 20, 2014) £ 0.25 $ 0.44

52 Week Range (£0.22-£0.33) ($0.36-$0.62)

Daily Volume (3 month) 195,000 11,500

Market Cap £ 36 M $ 63M

Shares Outstanding 144,168,228

Options 5,506,000

Fully Diluted 149,674,228

Cash $9.0M

Debt nil

HOLDER (as of September 2014) SHARES PERCENT

Henderson Global Investors 28,878,626 20.0

Tinma International Limited 22,736,992 15.8

BlackRockInvestment Management 13,053,180 9.1

Majedie Asset Management 10,988,197 7.6

Legal and General Investment Management 9,691,877 6.7

Whitmill Trust Co / Zila Corporation 8,838,000 6.1

Hargreaves LandsdownAsset Management 5,274,339 3.7

Total 99,461,211 69%0

2,000,000

4,000,000

6,000,000

Combined Volume

£0.20

£0.25

£0.30

£0.35

 $0.30

 $0.35

 $0.40

 $0.45

 $0.50

 $0.55

 $0.60

AIMPrice

TSXPriceRambler  Metals and Mining PLC  | TSX: RAB.V

AIM: RMM.L

MANAGEMENT & BOARD OF DIRECTORS

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Norman Williams, CA – President and CEOChartered Accountant with over 15 years of financial and managementexperience. CFO of Rambler from 2010 to 2014.

Tim Slater, ACA, CTA – Interim CFOManaging Director of Harmer Slater Chartered Accountants in theUnited Kingdom. Has worked with Rambler since 2006.

Peter Mercer – Vice President, Corp. SecretaryGeologist with nearly 15 years of exploration and developmentexperience. Responsible for corporate development and managing theinvestor relations aspect of the business.

Tim Sanford, P. Eng. – VP Technical ServicesProfessional Engineer with 17 years of experience at various supervisorylevels , primarily related to underground development.

Bob McGuire, P. Eng. – General ManagerProfessional Engineer with over 35 years experience in undergroundmining, with a diverse background in supervisory and managerialpositions in Canada and internationally.

George Ogilvie, P. Eng. – ChairmanProfessional Engineer with over 20 years experience in the industry.Joined Rambler in 2006 with the mandate to bring the formerproducing Ming Mine back into production.

Norman Williams, DirectorHarry Dobson – Non‐Executive DirectorA mining industry veteran bringing many years of experience to theCompany. Has been and remains as Director of several exploration andmining companies worldwide.

John Thomson – Non‐Executive DirectorCFO of Kirkland Lake Gold. Has worked internationally in a variety ofsenior roles for companies.

Leslie Goodman – Non‐Executive DirectorM.A. in Law from Cambridge University and practiced as a Solicitor inLondon.

Dalis Chan – Non‐Executive DirectorBrings international experience in the processing and marketing ofnon‐ferrous metals.

Eason Chen – Non‐Executive DirectorHas extensive knowledge and experience in Canadian and cross‐borderlistings, corporate governance and internal controls.

MANAGEMENT BOARD OF DIRECTORS

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OPERATIONS – NEWFOUNDLAND

Geo‐Politically Stable Favourable Tax Regime Supportive Communities Experienced Workforce Paved Roads Fresh Water Electrical Grid Airports Port

Newfoundland and Labrador

Ming Mine

Nugget Pond Facility

Goodyear’s Cove Port

OperationsExploration / Strategic Investment

St. John’s0 100

Kilometers

HEALTH & SAFETY

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• 1 LTA in 7 Years of Continuous Operation • 1,113 Days Since Last Lost Time Accident• 157 Days Since Last Medical Aid• Fiscal 2015 TIFR Target < 3• Over 1,408,401 person hours Worked

145

46

41 00 0

13.7

11.6

0 0

4.3

6.4

4.3

1.89

00246810121416

0

5

10

15

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Freq

uency Ra

te

Num

ber

Fiscal Year

Fatalities Lost Times Medical Aids Total Injury Freq. Rate

Dewatering Construction

Production

MING COPPER-GOLD MINE

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Underground copper‐gold mine Commercial production November 2012 Massive sulphides (Cu, Au, Ag, Zn) with “stringer” zones Sub‐level long hole mining method Production of ~630 tpd, capacity to increase to 1,000 tpd 2015 fiscal production forecast of 5,400‐6,700 tonnes 

copper, ~6k ounces of gold and ~42k ounces of silver

Mine sequencing 1806 – high‐grade gold zone produced early in mine life 1807 – copper‐rich and current focus Other high grade massive sulphides (North & South Zones)

Potential new crushing/grinding circuit at Nugget Pond Lower (LFZ) and Upper (UFZ) Footwall Zones – large 

tonnage “stringer” zones

Phase IHigh grade – Low tonnage

Phase IIMine/Mill OptimizationBulk tonnage LFZ

9

FINANCIAL HIGHLIGHTS(YEAR ENDED JULY 31, 2014)

The net profit for the year ended July 31, 2014 was $9,015,000 ($13,503,000 before tax) or $0.063 per sharewhich compares to $9,053,000 ($2,985,000 before tax) for the year ended July 31, 2013 or $0.063 per share,representing an increase of $10,518,000 in before tax profit.

Earnings before interest, taxes, depreciation, amortisation (“EBITDA”) for the year were $27,270,000 (2013:$9,419,000).

Average production costs (before depreciation and amortisation) for the year were $138 (2013 ‐ $145) pertonne of ore milled and $1.51 (2013 ‐ $2.03) per equivalent pound of copper. The reduction in costs pertonne and equivalent pound of copper are mainly attributable to more tonnes milled compared with theprevious year.

Generated cash of $24.8 million (2013: $11.5 million) from operations during the year. Repaid its creditfacility and became debt free in February 2014.

Key Financial Highlights 

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(CAD$, 000’s)2014 2013*

Revenue 62,110,000 34,669,000

Production costs 29,684,000 20,936,000

Profit  before tax 13,503,000 2,985,000

Profit after tax 9,015,000 9,053,000

Earnings per share 0.063 0.063*Note: Commercial production commenced on November 1, 2012 

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PRODUCTION Q1 2014(Aug, Sep, Oct)

Q2 2014(Nov, Dec, Jan)

Q3 2014(Feb, Mar, Apr)

Q4 2014(May, Jun, Jul)

Fiscal 2014(Actual)

2014Guidance

Dry Tonnes Milled 55,659 50,957 49,355 59,526 215,496 200,000 – 220,000

Copper Recovery  95.9 % 96.8 % 96.4% 96.7 % 96.4 % 92 – 94 %Gold Recovery 61.7 % 69.1 % 66.2% 71.0 % 67.1 % 63 – 67 %Silver Recovery 76.1 % 81.9 % 79.2% 75.9 % 78.1 % 55 – 65 %

Copper Head Grade (%) 3.71 4.01 3.84 3.24 3.68 3.0 – 4.0Gold Head Grade (g/t) 1.64 1.43 1.62 1.65 1.59 1.0 – 2.0Silver Head Grade (g/t) 9.22 8.91 11.70 12.60 10.65 6.0 – 8.0

CONCENTRATE (Produced and Stored in Warehouse)

Copper (%) 29.7 29.0 29.3 28.47 29.13 27 – 30Gold (g/t) 7.8 7.1 8.0 10.93 8.39 6 – 8Silver (g/t) 56.0 49.1 79.2 86.62 66.97 45 – 55

Dry Tonnes Produced 6,591 6,818 6,238 6,000 25,647 20,000 – 24,000Copper Metal (tonnes) 1,956 1,978 1,829 1,708 7,472 5,700 – 6,840Gold (ounces) 1,655 1,551 1,608 2,107 6,921 4,500 – 5,500Silver (ounces) 11,870 10,764 13,196 16,708 52,539 32,000 – 39,000

PRODUCTION SUMMARY

2015 FISCAL GUIDANCE

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• Fiscal 2014 Achieved 215,496 Dry Metric Tonnes (DMT) @ 3.68% Copper• Fiscal 2015 Guidance 215,000 – 230,000 DMT @ 3.15% Copper• New crusher purchased to help further optimize Grinding Circuit (600 – 800 DMT per Day)

44,717 50,957 49,335 59,526 56,810 55,575 54,958 56,810

3.714.00 3.84

3.243.00 3.00

3.25 3.34

00.511.522.533.544.5

-

10,000

20,000

30,000

40,000

50,000

60,000

70,000

1Q'14 2Q'14 3Q'14 4Q'14 1Q'15 2Q'15 3Q'15 4Q'15

Cop

per H

ead

Gra

de %

Dry

Ton

nes

Tonnes Milled Actual/ Forecast Copper Head Grade %

PRODUCTION – Fiscal 2015 CONCENTRATE – ProducedDry Tonnes Milled 215,000 ‐ 230,000 Dry Tonnes Produced 20,000 – 24,000Copper Recovery  94 ‐ 96 % Copper (%) 27 – 30Gold Recovery 65 ‐ 70 % Gold (g/t) 6 ‐ 8Silver Recovery 60 ‐ 75 % Silver (g/t) 45 ‐ 55Copper Head Grade (%) 2.5 ‐ 3.5 Copper Metal (tonnes) 5,400 ‐ 6,700Gold Head Grade (g/t) 1 ‐ 2 Gold (ounces ) 5,600 ‐ 6,600Silver Head Grade (g/t) 6 ‐ 8 Silver (ounces) 39,000 ‐ 46,000

* Quarter Actuals*Note: Fiscal Year-End of 31 July

MING MINE – PHASE I

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Historically MinedUnmined Resources398 Kt @ 3.46% Cu & 2.00 g/t Au

1807 Zone268 Kt @ 5.21% Cu & 2.04 g/t Au

1806 Zone250 Kt @ 0.48% Cu & 2.96 g/t Au

South Zone (upper)134 Kt @ 3.23% Cu & 1.12 g/t Au

South Zone (lower)1,220 Kt @ 1.56% Cu & 2.26 g/t Au

North Zone

ShaftRamp

> 2.3% CuEq Reserve Cutoff

Historically Mined Areas

Resource Outline (Excluding LFZ)

Open at Depth

1,800 ft level

Open at Depth

1806 Gold Reserve

RESERVES AND RESOURCES (AS OF JANUARY 27, 2014)

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Reserve Summary (Phase I)*

Quantity Grade Contained Metal

(000't) Copper%

Gold g/t

Silver g/t

Zinc%

Copper lbs

Goldoz

Silver oz

Zinclbs

Total Proven Reserves 1,509 1.70 2.09 9.48 0.37 56.7 M 101,404 459,788 12.2 M

Resource Summary (Combined Measured and Indicated, Inclusive of Reserves)**

1807 Zone 268 5.21 2.04 15.92 0.75 30.8 M 17,575 137,228 4.5 M

Other Massive Sulphide Zones 1,947 2.10 2.05 7.37 0.37 89.9 M 128,600 461,230 16.0 M

Total Massive Sulphide Zones 2,215 2.47 2.05 8.40 0.42 120.7 M 146,176 598,459 20.5 M

1806 Zone (gold‐rich) 250 0.48 2.96 15.07 0.64 2.6 M 23,859 121,314 3.5 M

Phase II Resources  (not currently included in reserve estimate – targeting calendar Q2 2015)

Stringer Sulphides (LFZ + UFZ) 18,237 1.43 0.09 1.35 0.01 574.1 M 51,838 791,870 5.7 M

* All figures are rounded to reflect the accuracy of the estimate. This reserve statement reflects changes to reserves in the 1807 and 1806 zones based on i) 1807 Zone depletion due to mining, ii) 1807 Zone additions due to new exploration drilling results, and iii) 1806 Zone depletion due to mining. The NSR of the 1807 zone reserve material was calculated using all‐in costs of $146.86/tonne of ore milled, and forecast metal prices of US$3.15 per pound copper and US$1294 per ounce gold, and US$19.13 per ounce silver. The US/CAN FX rate is 1:1. The calculated reserve cut off grade (in copper equivalent terms) is 2.33 per cent copper.

** Mineral Resources are not Mineral Reserves and have not demonstrated economic viability. All figures are rounded to reflect the accuracy of the estimate. Cut‐off grades of 1.0 per cent copper for the massive sulphides, 1.25 grams per tonne gold for the 1806 zone, 1.00 per cent copper for the stringer sulphides have been used in the estimate. Cut‐offs are based on an NSR model and long term metal prices of US$3.15 per pound copper and US$1294 per ounce gold, and US$19.13 per ounce silver. Zinc does not contribute to the revenues.

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MING MINE – PHASE II (LFZ/UFZ)

Shaft

Open at Depth

Lower/ Upper Footwall Zones18.2 Mt @ 1.43% Cu & 0.09 g/t Au

•Bench scale work completed

•Pilot plant completed

•Plan for demo on site fiscal Q1/Q2 2015

The Lower Footwall Zone (LFZ) is located ~100 m below Ming’s massive sulphide zones

Typically between 20 m and 70 m thick, has potential to be a low‐cost bulk underground mining operation

PEA March 2012 envisioned a bulk tonnage operation at 3,750 tpd with a 20 year potential life of mine

Company currently evaluating a stage approached with a more efficient use of capital utilizing Dense Media Separation (DMS)

Allows possible use of Nugget Pond, minimizing CAPEX

+95% Copper Recovery, 

Head Grade Increased from 1.4% to 2‐2.25% Cu

30‐40% Waste Material can be removed

Further engineering work including a reserve and resource statement being planned for calendar 2015

Allows for stage upgrade as required over a period of time

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NUGGET POND MILL & GOODYEAR’S COVE PORT

Nugget Pond Mill – Snook’s Arm, NL

40 km from Ming Mine; ~95% copper recovery Crushing & grinding circuit capacity: 600‐700 tpd Copper flotation circuit capacity: 1,000 tpd Ming Mine capable of producing at 1,000 tpd by ramp Low capital option to increase mill throughput to 1,000 tpd 

without separating the circuits A new crushing and grinding circuit will improve and optimize 

productivity 630 tpd to 1,000 tpd increases production by 59% Allows two mills, copper (floatation) and gold (CIP), to be run 

in parallel Production of Copper Concentrate and Gold Doré

simultaneously allows opportunity for second revenue stream

Goodyear’s Cove Port Facility – South Brook, NL

Deep water, year‐round access to North American and European shipping lanes

15,000 wmt concentrate storage facility capable of loading ships at a rate of 850 wmt per hour

Gold Hydromet Copper Concentrator

1,000 tpd630 tpd

Ming Mine

Nugget Pond Facility

Goodyear’s Cove Port

Baie Verte Peninsula

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1stNov ‘12

2ndFeb ‘13

3rdMay ‘13

4thOct ‘13

5thJan ‘14

6thApr ‘14

7thJul’14

8thSep’14 Total Warehouse 

Inventory*

Wet Metric Tonnes 8,873 3,150 6,103 7,765 6,641 8,925 5,378 5,295 52,130 2,400

% Moisture 8.5% 8.5% 8.4% 7.9 % 8.5% 8.4% 8.4% 8.2% 8.3% 7.5‐8.5%

Dry Metric Tonnes 8,119 2,882 5,590 7,152 6,057 8,175 4,928 4,858 47,761 2,200

Cu. Grade % 26.1 % 28.6 % 28.3 % 29.0 % 28.3 % 28.5% 28.0% 27.8 28 % 27‐29 %

Ibs. Cu. Metal 4.83M 1.81M 3.49M 4.42M 3.78M 4.95M 3.04M 2.98M 29.30M 1.3 – 1.4 M

Gold Grade g/t 5.6 g/t 6.8 g/t 6.6 g/t 8.0 g/t 7.36 g/t 7.2 g/t 10.0 g/t 10.9 g/t 7.6 g/t 9‐10 g/t

Silver Grade g/t 47 g/t 47 g/t 50 g/t 61 g/t 51 g/t 55 g/t 83 g/t 83 g/t 59 g/t 55‐75 g/t

Revenue (approx) $20M $7M $13M $17M $13M $18M $11 $11 $110M

• 85,000 Wet Metric Tonne Off‐Take Agreement• Rambler is Paid 90% of Provisional Value of Concentrates when in Warehouse• Off‐take allows Rambler to Hedge Concentrate in Storage if so Desired• Clean Concentrate – No Deleterious Material

CONCENTRATE SHIPMENTS

*As of 20 October 2014

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REGIONAL EXPLORATION

Krissy’s Buckle

Little Deer

Valentine Lake

OperationsExploration / Strategic Investment

St. John’s

Hammerdown/Orion

0 100Kilometers

Newfoundland and Labrador

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“NEAR-MILL” OPPORTUNITIES

Little Deer Project (50%) Two former producing copper mines connected by drift

276 Mineral claims in 4 mineral licenses over 65 km2

96 diamond drill holes for 54,998 m and historical information

$8M invested by Cornerstone and Thundermin in last 5 Years

Excellent infrastructure (roads, power, water,) 

2014 (fiscal) drill program completed 

Krissy’s Buckle (100%) 2,300 hectare land package located between 3 former 

producing mines: East Mine, Main Mine & Big Pond

Within 35 km of Nugget Pond

Numerous  untested Copper and Gold anomalies with three main trends already defined:

1. Krissy Trend (10.51 g/t gold over 1.75 m incl. 31.9 g/t over 0.5 m)

2. Brass Buckle Trend

3. SB Trend

Planning for 2014‐2015 (fiscal) exploration program underway

Resources* Tonnes Cu % Cu lbs (M)

Indicated 2,708,000 2.16 129.1

Inferred 4,191,000 2.07 191.3*Mineral Resources are not Mineral Reserves and have not demonstrated economic viability. All figures are rounded to reflect the accuracy of the estimate. 

Little Deer – Whalesback3D View (Looking West)

Visible Gold

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“STRATEGIC INVESTMENTS”

Maritime Resources Corp.      (17.6% Ownership) “Near‐Mill” Opportunity: leverage Rambler’s 

infrastructure

Hammerdown Mine (Green Bay Property) Former Producing UG Mine (2000 – 2004)

Mined 291,400 @ 15.8g/t Gold (7 g/t cutoff)

Recovered 143,000 oz. Gold (97% recovery)

Processed at Rambler’s Nugget Pond Mill

Closed at gold price of $325 per ounce

Marathon Gold Corp. (3.6% Minority Interest) Advanced exploration

Valentine Lake Project 100% owned by Marathon Gold Corporation

Gold deposits form part of a 23 km, highly prospective gold‐bearing mineralized corridor

Drilling to expand the open pit resources at the Victory Deposit and to test the new mineralization at Sprite

Leprechaun Gold Deposit Tonnes  (kt) Grade  (g/t) Gold (oz)

Measured & Indicated 10,587 2.28 775,000Inferred 1,555 2.79 140,000Victory Gold Deposit Tonnes  (kt) Grade  (g/t) Gold (oz)

Indicated 761 1.67 41,000Inferred 199 1.47 9,000 

Hammerdown Tonnes  (kt) Grade  (g/t) Gold (oz)

Measured & Indicated 727.5 11.59 271,100Inferred 1,767 7.68 436,000Orion Tonnes  (kt) Grade  (g/t) Gold (oz)

Measured & Indicated 1096.5 4.47 157,500Inferred 225.1 5.44 225,100

*While Maritime Resources Corp. has completed a NI 43‐101 technical report on the property, a qualified personfrom Rambler has not done sufficient work to classify the work as current mineral resources or mineral reserves; assuch Rambler is not treating the historical estimate as current mineral resources or mineral reserves.

*While Marathon Gold Corporation has completed a NI43‐101 technical report on the property, a qualified personfrom Rambler has not done sufficient work to classify the work as current mineral resources or mineral reserves; assuch Rambler is not treating the historical estimate as current mineral resources or mineral reserves.

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LOOKING FORWARD

Near Term Focus

• Optimize mine and mill to increase throughput up to 1,000 tpd• Further advance optimization studies for “game‐changing” Lower Footwall Zone (pre‐

feasibility planned for 2H 2015)• Continued near‐mine exploration

Longer Term Strategy

• Focus on identifying new resources and conversion of existing resources to reserves• Exploring select regional growth opportunities• Continue to assess high quality merger and acquisition opportunities

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INVESTMENT SUMMARY

Producing profitable copper‐gold miner with free cash flow and clean balance sheet

Lower Footwall Zone has “game‐changing potential”

Management with strong track‐record of mine development and operation

Stable low risk jurisdiction in historical mining district

High potential to leverage existing infrastructure

Regional exploration portfolio upside

Our Company Vision is to become “Atlantic Canada’s Leading Mine Operator And Resource Developer”

Rambler Metals & Mining PLCSalatin House,19 Cedar Road Sutton, Surrey, SM2 5DATel: +44(0) 20 8652 2700Fax: +44(0) 20 8652 2719E‐Mail: investors@ramblermines.com

Rambler Metals & Mining Canada LtdP.O. Box 610, Baie Verte, NL, A0K 1B0Route # 418, Ming's Bight Road, NL, A0K 3S0 Tel: 709‐800‐1929Fax: 709‐800‐1921

www.ramblermines.com