Rambler Metals and Mining Canada Limited

Update on Sales and Investment Solicitation Process - Closing of Transaction

October 19, 2023

Rambler Metals and Mining Canada Limited (RMMCL) ("Rambler", and together with 1948565 Ontario Inc. the "Company"), a copper and gold producer, explorer, and developer, wishes to announce the closing of the previously announced transaction wherein AuTeco Minerals (ASX:AUT) ("AuTECO") has purchased all of the shares of the Company.

In connection with the transaction, the Company also wishes to announce that the Board of Directors of the Company have resigned their positions, effective immediately. As well, both the Interim Chief Executive Officer and Chief Financial Officer have left the Company.

All relevant documentation regarding the transaction and the Court approval are available on the Monitor's website at:www.GrantThornton.ca/Rambler

For further information, please contact:

Gus Simbanegavi

Bonnie Matthews

VP & General Manager

VP Human Resources

Tel No: (709) 800 1929

Tel No: (709) 800 1929

Fax No: (709) 800 1921

Fax No: (709) 800 1921

Rambler Metals and Mining Canada Limited

Route #418, Ming's Bight Road, P.O. Box 610,

Baie Verte, Newfoundland and Labrador (NL), Canada A0K 1B0

Tel: 1-709-800-1929 Fax: 1-709-800-1921

www.ramblermines.com

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Rambler Metals and Mining plc published this content on 19 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2023 14:55:04 UTC.