Rambler Metals and Mining Canada Limited

Update on Sales and Investment Solicitation Process - Phase 3 Completion

August 18, 2023

Rambler Metals and Mining Canada Limited (RMMCL) ("Rambler" or the "Company"), a copper and gold producer, explorer, and developer, is pleased to share an update on the completion of Phase 3 of the Sales and Investment Solicitation Process ("SISP").

The Company is pleased to announce that, in consultation with the Company and the DIP Lenders, the Monitor has selected a Successful Bidder pursuant to the SISP. The Company and the DIP Lenders are supportive of the Successful Bidder's Phase 3 binding offer, and the Company and Monitor are working diligently with the Successful Bidder to finalize Definitive Agreements prior to the upcoming sale approval application on September 11, 2023.

A further communication will be made to stakeholders ahead of the next scheduled court hearing on September 11, 2023.

For further information, please contact:

Tim Sanford, P. Eng.

Celeste Van Tonder

Interim CEO & Corporate Secretary

CFO

Tel No: (709) 532 5736

Tel No: (709) 800 1929

Fax No: (709) 800 1921

Fax No: (709) 800 1921

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 18 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2023 10:53:00 UTC.