Rambler Metals and Mining announced an update on its Ming Copper and Gold Mine project on the Baie Verte Peninsula, Newfoundland and Labrador of Canada.

Highlights

Gold Production
1. Three gold pours have been completed to date with an estimated total of 2446 ounces of gold poured.

2. The next gold pour is scheduled for 31st January and every two weeks thereafter.

3. Mill gold recoveries of 90% with an average daily mill throughput of 591 tonnes for January and a single highest daily throughput of 680 tonnes.

Copper Production
1. Development into the 1807 Zone continuing with copper concentrate production expected to begin during calendar 2Q 2012

2. Diamond drilling stations being developed for ore body delineation and further exploration.

Mr George Ogilvie president and CEO of Rambler Metals said that "We continue to make good progress towards the production of our first copper concentrates during Q2 2012. While the early processing of gold through the hydromet has proven successful, and provided the Company with its first revenues we look forward to the start of copper concentrate production from the 1807 zone. This 1807 zone has returned some very encouraging diamond drill intersections grading over 10% copper and we are anxious to begin new exploration drilling to further extend the ore body both up and down plunge.”

Mr Ogilvie said that “Our Ming Copper and Gold mine is now a production reality and while our feasibility study has set a production bench mark we have the ability to continue to improve those economics through the better then predicated commodity prices we see today and through the addition of new tonnes with our exploration programs. The coming months and remainder of 2012 will certainly be an exciting time for the Company."