MING MINE PROJECT

Rambler Metals and Mining was established to invest in the base metal sector in politically stable jurisdictions. Its principal project is the Rambler Cu-Au property, located on the Baie Verte Peninsula of Newfoundland and Labrador, Canada.

Rambler is currently undergoing a mine dewatering program and is well on track to have the mine completely dewatered during Q2 2008. Water levels have already receded to the 1800 level and the mine is in excellent condition requiring minimal rehabilitation.

Location

The Rambler Property is located in Canada, on Newfoundland and Labrador's Baie Verte Peninsula. The area has a history and culture of gold, base metals and industrial minerals mining. The major centre for the region is the town of Baie Verte, which offers several mining and exploration service providers, deep water loading, hotels, schools, shopping, medical facilities and recreational facilities.

History

• The Rambler property contains the former producing Ming and Ming West Cu-Au mines.
• The Ming Mine last operated in 1982 and produced some 2.1 million tons of ore grading 3.5% Cu and 2.5 g/t Au over 10 years in operations.
• The Ming West Mine operated between 1995 and 1996 producing 271,000 tons grading 4.0% Cu and 5.8 g/t Au.
• Mining ceased when workings reached a neighboring property boundary.

Recent Events

• Rambler Metals and Mining acquired the property after it had been successfully consolidated in 2001.
• Surface drilling focused on extending the historically mined areas beyond the old property boundary.
• Underground diamond drill rigs arrived on site in November 2007 to further delineate areas that could not be accessed from surface.
• Rambler has begun a scoping study which will provide the base information for it's first NI43-101 reserve resource estimate.