A LEADING COPPER-GOLD PRODUCER IN ATLANTIC CANADA

MINING MILLING MARKETS

MARCH 2016

FORWARD LOOKING STATEMENTS

Caution Regarding Forward Looking Statements: Certain information included in this presentation, including information relating to future financial or operating performance and other statements 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 2016 (including the information provided in any tables relating to production and concentrate forecasts for fiscal 2016), the financial strength of the Company, estimates regarding timing of future development and production and statements concerning possible expansion opportunities for the Company. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation 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 of such minerals at modeled grades and values, the capacities of various machinery and equipment, the availability of personnel, machinery and 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 by such forward-looking statements. Such risks include, but are not limited to, interpretation and implications of drilling and geophysical results; estimates regarding timing of future capital expenditures and costs towards profitable commercial operations. Other factors that could cause actual results, developments or events to differ materially from those anticipated include, among others, increases/decreases in 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 to successfully integrate acquired assets; operational risks inherent in mining or development activities and legislative factors relating to prices, taxes, royalties, land use, title and permits, importing and exporting of minerals and environmental protection. Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and the Company does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise, except as 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 the analytical results set forth in this presentation. RMM is in full compliance with all NI43-101 rules and regulations.

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ABOUT RAMBLER

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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) LFZ Susceptible to pre-concentration (DMS) Regional exploration properties and investments

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

*Note: Fiscal Year-End of 31 July

SHARE STRUCTURE

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Ticker RMM RAB

Share Price (Mar 2016) £ 0.03 $ 0.06

52 Week Range (£0.02-£0.15) ($0.05-$0.28)

Daily Volume 156,000 65,500

Market Cap £ 4.5 M $ 9.2 M

HOLDER (March 2016) SHARES PERCENT

Henderson Global Investors 33,871,581 22.15

Tinma International Limited 22,736,992 14.87

Majedie Asset Management 14,388,197 9.41

Legal and General Investment Management 9,015,304 5.90

Whitmill Trust Co / Zila Corporation 8,838,000 5.78

58%

Shares Outstanding 152,926,066

Options 5,367,490

Fully Diluted 158,293,556

Cash ~ $2.0M

Debt $3M USD

MANAGEMENT & BOARD OF DIRECTORS

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Norman Williams, CA – President and CEO Chartered Accountant with over 15 years of financial and management experience. CFO of Rambler from 2010 to 2014.

Tim Slater, ACA, CTA – Interim CFO Managing Director of Harmer Slater Chartered Accountants in the United Kingdom. Has worked with Rambler since 2006.

Peter Mercer – Vice President, Corp. Secretary Geologist with 15 years of exploration and development experience. Responsible for strategic growth in addition to managing the investor relations and corporate secretary aspects of the business.

Tim Sanford, P. Eng. – VP Technical Services Professional Engineer with 17 years of experience at various supervisory levels , primarily related to underground development.

Bob McGuire, P. Eng. – General Manager Professional Engineer with over 35 years experience in underground mining, with a diverse background in supervisory and managerial positions in Canada and internationally.

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

Norman Williams, Director John Thomson – Non-Executive Director CFO of Kirkland Lake Gold. Has worked internationally in a variety of senior roles for companies.

Leslie Goodman – Non-Executive Director M.A. in Law from Cambridge University and practiced as a Solicitor in London.

Dalis Chan – Non-Executive Director Brings international experience in the processing and marketing of non-ferrous metals.

Eason Chen – Non-Executive Director Has extensive knowledge and experience in Canadian and cross-border listings, corporate governance and internal controls. Glenn Poulter– Non-Executive Director Has over 30 years of experience within financial services in the City of London.

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

Operations Exploration / Strategic Investment

St. John’s 0 100

Kilometers

HEALTH & SAFETY

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1 LTA in 7 Years of Continuous Operation 1,617 Days Since Last Lost Time Accident 421 Days Since Last Medical Aid Fiscal 2016 TIFR Target < 3 Over 1,838,641 person hours Worked

4

6

2 1

2 0

4.3

6.4

1.14 0.57

1.26

0 01234567

0

5

10

15

2011 2012 2013 2014 2015 2016

Freq

uenc

y Ra

te

Num

ber

Fiscal Year

Fatalities Lost Times Medical Aids Total Injury Freq. Rate

Construction

Production

MING COPPER-GOLD MINE

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Underground copper-gold mine

Commercial production began November 2012 Massive sulphides (Cu, Au, Ag, Zn) with “stringer” zones Modified Sub-level long hole mining method Production of ~650 tpd, capacity to increase to 1,250 tpd

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)

Expansion of grinding circuit at Nugget Pond Lower (LFZ) and Upper (UFZ) Footwall Zones – large tonnage

“stringer” zones Pre-feasibility engineering study and economic assessment

completed in July 2015

Phase I High grade – Low tonnage

Phase II Mine/Mill Optimisation Bulk tonnage LFZ

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PRE-FEASIBILITY RESULTS

The PFS was successful in outlining an optimisation plan for a staged, low CAPEX, approach for the LFZ

Integrating the LFZ into the mine plan, Rambler has extended the life of mine from 6 to 21 years

The mine and mill optimisation with production increasing from 650 mtpd to 1,250 mtpd over a 3 year period

5 year, C$66M, capital plan which will be funded mostly through internal cash generation (overall net cash shortfall is estimated at C$0.6M)

Pre-tax IRR of 46% and NPV5% of C$70.2M based on trending copper and gold prices including long-term copper price of $2.79 USD per pound

Rambler has arranged a $5M USD bridging facility with current offtake partner to allow the Company to expedite the LFZ development

The Company is continuing discussions with potential financing partners for the Phase II expansion

Item Value $CDN Value $USD

Copper produced (million lbs) 336.8 336.8

Gold produced (ozs) 89,600 89,600

Silver Produced (ozs) 527,800 527,800

Mine Life (2016 to 2036) 21 Years 21 Years

Net Revenue (million) $ 1,142 $ 992

Net Cash Flow from Operations (million) $ 273 $ 239

Total Capital Cost (Over LOM, million) $ 163 $ 139

Net Cash Flow (before tax, million) $ 128 $ 113

Net Cash Flow (after tax, million) $ 110 $ 100

Net Present Value-before tax ( 5% discount, million) $ 70.2 $ 62.0

Net Present Value-after tax ( 5% discount, million) $ 62.0 $ 56.3

Internal Rate of Return-before tax (“IRR”) 46% 46%

Internal Rate of Return-after tax (“IRR”) 45% 45%

MING MINE – PHASE I

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Historically Mined Areas Unmined Resources at Closure 398 Kt @ 3.46% Cu & 2.00 Au

1807 Zone

1806 Zone

South Zone (upper)

South Zone (lower) North Zone

Shaft Ramp

> 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

Lower Footwall Zone 26 Mt @ 1.47% Cu

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PHASE II (LFZ) – OPTIMISATION AND EXPANSION

Value $CDN Value $USD 5 Year Project Capital Plan (million) (million)

Mill Site $ 6.90 $ 5.53 Mine Site Surface $ 9.92 $ 8.33 Mine with In-directs $ 40.67 $ 34.08 Port Site Nil Nil Contingency $ 8.75 $ 7.28

Total (million) $ 66.24 $ 55.22 Net Cash (Shortfall) (million) (million)

F2016 ($ 8.43) ($ 6.75) F2017 nil $ 4.28 $ 3.47 F2018 nil $ 6.57 $ 5.46 F2019 ($ 6.64) ($ 5.64) F2020 nil $ 3.57 $ 3.14

Total Cash Shortfall (million) ($ 0.65) ($ 0.33)

Operating Costs (per tonne milled)

Mining $ 41.37 $ 35.99 Ore Haulage to Mill $ 8.00 $ 6.96 General & Administration $ 12.77 $ 11.10 Sub-total $ 62.14 $ 54.05 Processing $ 15.92 $ 13.83 Port Operations $ 0.86 $ 0.75 Royalties $ 1.78 $ 1.54

Total (per tonne milled) $ 80.70 $ 70.17 Price per equivalent pound of Cu $ 2.27 $ 1.98

Average C1 Cost per pound $ 2.23 $ 1.90

Shaft

Open at Depth Lower Footwall Zone

Further delay in the initial five year capital by continuing post pillar cut and fill mining method in upper portions of the LFZ

Integration of ore pre-concentration at the mine site

Additional resource growth through ongoing exploration in both the higher grade massive sulphide and LFZ

Base Case, Low CAPEX, Low Risk Plan with Additional Opportunities

INTEGRATED LFZ:MMS MINE PLAN

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Maintain consistent production of copper concentrate throughout 21 year mine life Fully optimize existing infrastructure at both the mine and the mill Goodyear’s Cove will remain unchanged

?)

05,00010,00015,00020,00025,00030,00035,00040,00045,00050,000

050,000

100,000150,000200,000250,000300,000350,000400,000450,000500,000

Con

cent

rate

, t

Mill

Fee

d, t

Mill Feed and Concentrate Production Profile

LFZ Mill Feed MS Mill Feed Concentrate

MINERAL RESERVE AND RESOURCE (RESERVE AS OF 20 JULY 2015)

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Classification

Quantity Grade Contained Metal

tonnes Copper %

Gold g/t

Silver g/t

Zinc %

Copper M lbs

Gold K oz

Silver K oz

Zinc M lbs

Total Proven Reserve (undiluted, unrecovered)

5,205,300 1.98 0.43 3.08 0.07 226.9 71.6 515.5 8.4

Total Probable Reserve (undiluted, unrecovered)

3,050,100 1.99 0.76 3.19 0.10 133.8 74.2 312.4 6.6

Dilution (all sources) 1,374,500 0.61 0.06 0.70 0.01 18.5 2.6 31.0 0.3

Reserve (diluted and recovered) 8,667,000 1.82 0.52 2.94 0.08 348.1 145.3 819.8 15.0

Mineral Reserve Estimate Summary for the Ming Copper-Gold Mine(1)

Mineral Resource Estimate Summary for the Ming Copper-Gold Mine(2)

Measured Total 19,127 1.50 0.23 1.90 0.05 632.0 141.8 1,167.9 19.9

Indicated Total 9,199 1.53 0.39 2.07 0.07 310.5 115.3 613.5 14.3

M&I Total 28,326 1.51 0.28 1.96 0.05 942.5 257.1 1,781.4 34.2

Inferred Total 5,086 1.51 0.66 3.75 0.21 169.7 107.8 613.4 23.6

Resources are Inclusive of Reserves

LOWER FOOTWALL ZONE RESOURCE (COPPER CUT-OFF SENSITIVITY)

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Copper Cut-off Grade

Quantity Grade Contained Metal

(000't) Copper %

Gold g/t

Silver g/t

Zinc %

Copper lbs

Gold oz

Silver oz

Zinc lbs

0.25 68,622 0.96 0.09 0.98 0.02 1,451,097,627 193,484 2,159,594 29,245,136

0.50 57,632 1.07 0.09 1.05 0.02 1,357,287,418 169,203 1,942,167 24,593,816

0.75 40,936 1.25 0.10 1.16 0.02 1,126,324,596 128,553 1,527,440 17,296,650

1.00 25,958 1.47 0.11 1.28 0.02 839,593,090 87,667 1,071,175 10,875,301

1.25 16,025 1.69 0.11 1.41 0.02 595,434,650 57,649 727,852 6,574,685

1.50 9,427 1.91 0.12 1.56 0.02 396,656,024 36,580 472,111 3,845,516

1.75 5,380 2.13 0.13 1.73 0.02 252,605,662 22,393 298,499 2,220,336

2.00 2,860 2.36 0.14 1.88 0.02 149,083,363 12,685 172,891 1,203,654

Measured and Indicated Mineral Resource Estimate Combined

(1) All figures are rounded to reflect the accuracy of the estimate; numbers may not total due to this rounding. This reserve statement reflects changes to reserves in the massive sulphides based on depletion due to mining and additions due to new exploration drilling results. The NSR for the reserve material was calculated using an all-in costs of $147 per tonne of ore milled for the massive sulphides and $118 per tonne of ore milled for the lower footwall zone. Forecast long term metal prices of USD$2.79 per pound copper and USD$1,100 per ounce gold, and USD$15.50 per ounce silver with a long term USD/CDN FX rate of 1:0.88.

(2) 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 any gold zones and 1.00 per cent copper for the stringer sulphides have been used in the estimate. Cut-offs are based on an NSR model and forecast long term metal prices of USD$2.79 per pound copper and USD$1,100 per ounce gold, and USD$15.50 per ounce silver with a long term USD/CDN FX rate of 1:0.88. Zinc does not contribute to the revenues. Resources are inclusive of reserves.

FISCAL 2015/2016 EXPLORATION DRILLING

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1807 Zone extended over 100 m down plunge 40 m west

1807 Zone

Ming South Zone

Ming North Zone

1806 Zone New Target for Gold Exploration 5.5 m of 3.4 g/t Au

Previous Mining Horizon New intersection of:

16.8 m of 1.8% Cu with 1.8 g/t Au

1800 lv

RM03-02 intersected 4.1 meters of 3.0 % Cu with 2.8 g/t Au

All Zones Remain Open at Depth

Surface Surface Portal

East West

BHID L (m) Cu (%)

Au (g/t)

Ag (g/t)

14-272 1.92 10.47 2.68 28.87 14-273 4.76 3.08 1.99 19.11 15-324 12.08 7.82 4.05 21.77 15-325 5.91 5.55 2.65 18.05

15-329 6.00 7.77 6.37 25.76 2.60 14.65 12.46 44.00

15-343 5.04 7.80 4.26 22.59

15-318 16.80 1.80 1.75 15.37 2.50 3.79 1.69 11.52

TARGET FOR INFILL DRILLING

2016 FISCAL GUIDANCE

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58,053 56,458 63,000

69,000

2.42

2.07 2.12 2.00

0.00

0.50

1.00

1.50

2.00

2.50

3.00

010,00020,00030,00040,00050,00060,00070,00080,000

1Q'16 2Q'16 3Q'16 4Q'16

Cop

per H

ead

Gra

de %

Dry

Ton

nes

Tonnes Milled Actual/ Forecast Copper Head Grade %

PRODUCTION – Fiscal 2015 CONCENTRATE – Produced Dry Tonnes Milled 235,000 - 250,000 Dry Tonnes Produced 17,000 – 21,000 Copper Recovery 94 - 96 % Copper (%) 27 – 29 Gold Recovery 65 - 70 % Gold (g/t) 6 - 8 Silver Recovery 65 - 75 % Silver (g/t) 55 - 75 Copper Head Grade (%) 2.0 - 2.5 Copper Metal (tonnes) 4,500 - 6,000 Gold Head Grade (g/t) 1 - 2 Gold (ounces ) 5,500 - 6,500 Silver Head Grade (g/t) 6 - 10 Silver (ounces) 42,000 - 57,000

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

Fiscal 2016 plan targeting ramping up production from 650 mtpd to 850 mtpd by yearend

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WORKING WITH RDC - GEOEXPLORE

Ore Pre-concentration Pre concentrating Lower Footwall Zone material using

Dense Media Separation (DMS) Testing to date showing 90-95% Copper Recovery Head grade increased from 1.4% to 2-2.25% Cu 30-40% waste material can be removed

XRT sorting test work completed

LFZ Development used to collect the sample allowed for a re-estimation of the mineral resource

ONSITE DEMONSTRATION TEST WORK COMPLETED • Wide variety of samples tested under various conditions

• Overall copper recovery between 88% to 97%

• Overall mass rejection between 23% to 44%

• Overall copper upgrade factor ranged from 1.3 to 2.6

Dense Media Separator

XRT Sorter

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NUGGET POND MILL & GOODYEAR’S COVE PORT

Nugget Pond Mill – Snook’s Arm, NL

40 km from Ming Mine; over 95% copper recovery Existing grinding circuit capacity: 600-700 mtpd Copper flotation circuit capacity up to 1,250 mtpd with LFZ Ming Mine capable of producing at 1,250 mtpd A separate grinding circuit could further improve productivity

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 appropriately sized for future expansion

Gold Hydromet Copper Concentrator

1,250 tpd 630 tpd

Ming Mine

Nugget Pond Facility

Goodyear’s Cove Port

Baie Verte Peninsula

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2012-2013 Total

2014 Total

#10 May ’15

#11 Aug ’15

#12 Jan’16 Total Warehouse

Inventory*

Wet Metric Tonnes 25,891 31,977 6,276 5,441 7,926 77,511 2,525

Moisture 8.30 % 8.44 % 8.60 % 7.90% 7.95% 8.24% 7.3%

Dry Metric Tonnes 23,743 29,278 5,736 5,011 7,293 71,061 2,390

Cu. Grade 27.79 % 28.04 % 27.00 % 26.54% 26.47% 27.61% 27%

Ibs. Cu. Metal 14.55 M 18.10 M 3.41 M 2.93M 4.26M 43.25M 1.42 M

Gold Grade (g/t) 6.70 8.52 9.00 12.73 13.87 8.80 17.31

Silver Grade (g/t) 51.91 64.77 68.00 91.18 106.70 66.90 104.69

Revenue (approx) $57 M $63 M $11 M $10M $13M $154M

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 March 1, 2016

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REGIONAL EXPLORATION

Little Deer Mine

Operations Exploration / Strategic Investment

St. John’s

Hammerdown Mine

0 200 Kilometers

Newfoundland and Labrador

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“STRATEGIC INVESTMENTS”

Maritime Resources Corp. 17.6% Ownership Recently signed Letter of Intent “Near-Mill” Opportunity: leverage Rambler’s

infrastructure Hammerdown Mine (Green Bay Property) Former Producing UG Mine (2000 – 2004) Mined 291,400 at 15.8g/t Gold (7 cutoff) Recovered 143,000 oz. Gold (97% recovery) Processed at Rambler’s Nugget Pond Mill Closed at gold price of $325 per ounce

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

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

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

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

Little Deer Project (100%)

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 previous operators Excellent infrastructure (roads, power, water) 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 – Whalesback 3D View (Looking West)

Near Term Focus

Continue with PFS optimisation strategy to increase throughput to 1,250 mtpd (92% increase over current production)

Secure financing for the Phase II expansion

Further advance optimisation studies including DMS pre-concentration

Continued 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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LOOKING FORWARD

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INVESTMENT SUMMARY

Producing copper-gold miner with a unlevered balance sheet

Completed PFS has:

Defined a staged low capital strategy to allow the operation to run at 1,250mtpd by 2018

Increased the life of mine to 21 years

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 PLC Salatin House,19 Cedar Road Sutton, Surrey, SM2 5DA Tel: +44(0) 20 8652 2700 Fax: +44(0) 20 8652 2719

Rambler Metals & Mining Canada Ltd P.O. Box 610, Baie Verte, NL, A0K 1B0 Route # 418, Ming's Bight Road, NL, A0K 3S0 Tel: 709-800-1929 Fax: 709-800-1921

www.ramblermines.com