Rambler Metals and Mining plc: Sale and Investment Solicitation Process

LONDON and ST. JOHN'S, NL, April 18, 2023 /CNW/ - Rambler Metals and Mining plc (AIM:RMM) ("Rambler"), a copper and gold producer, explorer and developer, announces that Rambler Metals and Mining Canada Limited and 1948565 Ontario Inc. (collectively, the "Rambler Group" or the "Company") are commencing a sale and investment solicitation process (the "SISP") in respect of the business, assets, and undertakings of the Rambler Group (collectively, the "Business"). Rambler Group operates a copper and gold mining business located in Baie Verte, Newfoundland and Labrador. The Company's mineral resource estimates from May 2022 estimate there are 428,000 tonnes of in-situ copper, 271,000 ounces of in-situ gold, and that the mine has an estimated remaining mine life of 19 years. The SISP will be conducted by Grant Thornton Limited ("GTL"), in its capacity as Court-appointed monitor of the Company (the "Monitor"), with the assistance of the Rambler Group.