Rambler and Thundermin Enter Into a Letter of Intent Outlining the Terms of a Proposed Merger

LONDON, UNITED KINGDOM and BAIE VERTE, NL--(Marketwired - Sep 3, 2015) - Rambler Metals and Mining plc, a Canadian copper and gold producer, explorer and developer (TSX VENTURE: RAB) (AIM: RMM) ("Rambler" or the "Company") today reports that on 1 September 2015 they have signed a nonbinding Letter of Intent ('LOI') with Thundermin Resources Inc. ('Thundermin') (TSX VENTURE: THR) which sets out the principal terms upon which Thundermin will amalgamate with a wholly-owned subsidiary of Rambler (the "Merger"). The Merger will be effected on the basis that the holders of the 116,598,059 issued common shares in the capital of Thundermin, (the "Thundermin Shares") will receive 7,142,857 Rambler Shares (the "Rambler Shares") valued at approximately $0.013 per Thundermin share. Upon completion of the Merger, the current Rambler shareholders will hold approximately 95.3 per cent of the outstanding shares of Rambler and the current Thundermin shareholders will hold approximately 4.7 per cent of the outstanding shares of Rambler.

Rambler will have a total of 151,311,085 common shares issued and outstanding upon completion of the Merger.

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http://www.rns-pdf.londonstockexchange.com/rns/9221X_1-2015-9-2.pdf